Smith & Wesson Model 1 Smith & Wesson Model 1 The Smith & Wesson Model 1 was the first firearm manufactured by Smith & Wesson, with production spanning the years 1857 through 1882. It was the first commercially successful revolver to use rimfire cartridges instead of loose powder, musket ball, and percussion caps. It is a single-action, tip-up revolver holding seven .22 Short black powder cartridges. As Samuel Colt's patent on the night revolver was set to expire in 1856, Horace Smith and Daniel B. Wesson were researching a prototype for a metallic cartridge revolver. When they discovered that a former Colt employee named Rollin
Smith & Wesson these profitable moves made Smith and Wesson "the envy of the industry" according to Business Week. Despite all of these advantages, however, Smith & Wesson's market share began to decline in the 1980s. As the war on drugs intensified in the United States, police departments all across the country replaced their Smith and Wesson revolvers with European semiautomatics (such as Glock, Sig Sauer and Beretta). From 1982 to 1986 profits at the company declined by 41 percent Company ownership changed twice during the decade. In June 1987 Tomkins plc paid $112.5 million to purchase Smith & Wesson. Tomkins modernized the