Smith & Wesson was founded by two New Englanders, Horace Smith and Daniel Wesson,in 1852. Their first partnership was based on the invention of the lever-action repeating pistol. Though the brand is world-famous, there are a few facts about the gun proprietors not everyone knows. The pair faced financial difficulties and was forced to sell their company to Oliver Winchester, a shirt manufacturer. Winchester took their design and created his own company, Winchester Repeating Arms Co.
Despite the setback for Smith and Wesson, the pair continued to produce firearms. In 1856 Smith & Wesson produced a small revolver that was the first fully self-contained cartridge in the world, as recounted on the Smith and Wesson website.
Learning from their mistakes of the first partnership, the pair went on to secure patents for the Model One to protect their design and created a lucrative firearms business.
Other Smith & Wesson successes … Read more »