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Who Financed AOC at the Beginning?


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#1 Rimcrew

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Posted 10 July 2019 - 07:24 PM

Does anyone know who provided the financing for AOC when it started?  Did General Thompson use his personal money to pay for the first run of ~15,000 Colt guns, or did he have investors, or both?

 

As I learn more about the history of the guns and their parent company, I keep wondering how in the heck Mr. Thompson was able to keep this thing afloat.  It took nearly 20 years to clear out the original stock, all-the-while completed guns were sitting in warehouses where they cost money to store and preserve, he had lots of advertising expenses, some R&D work to fund, and at least a few traveling salesmen to pay.

 

I marvel at how the company did not fold by the mid-twenties (very thankful that it did not), and would love to understand how Mr. Thompson kept it all going until he sold out.

 

Thanks for any insight!

 


Edited by Rimcrew, 10 July 2019 - 07:25 PM.

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#2 Colt Chopper

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Posted 10 July 2019 - 07:52 PM

Thomas Fortune Ryan was the major financier. Although he publicly did not want to be associated with firearms production. Might I suggest you purchase the book, "THE GUN THAT MADE THE TWENTIES ROAR" It is a great book and explains alot.

Edited by Colt Chopper, 10 July 2019 - 07:53 PM.

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#3 dalbert

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Posted 10 July 2019 - 08:47 PM

Rimcrew,

 

For certain, if you have not yet read TGTMTTR, you should buy it and read.  Here is a link:

 

https://www.smallarm...product_id=B338

 

I may be just a bit partial to the most recent edition...:-)

 

The two earlier editions are out of print, but can be found.

 

David Albert

dalbert@sturmgewehr.com


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#4 thompsonteenager

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Posted 10 July 2019 - 09:40 PM

Thomas "Fortune" Ryan, Ironic


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#5 TD.

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Posted 10 July 2019 - 09:53 PM

Plus 10 on The Gun That Made The Twenties Roar, Second Edition, by William Helmer (or First Edition - both are excellent).


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#6 2ndArmored

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Posted 10 July 2019 - 11:11 PM

Democrats in New York and various contributors who shared her political views.

 

 

(Sorry - wrong AOC. :slap: )


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#7 Rimcrew

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Posted 11 July 2019 - 09:31 AM

Thanks everyone! 

 

I'm off to buy TGTMTTR (latest edition, of course :)  ), and continue my education.


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#8 Mk VII

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Posted 11 July 2019 - 01:07 PM

Few photographs of Ryan exist, as he shunned publicity, but a bust of him by Rodin is in the V & A in London, though it owes its presence more to the fames of the sculptor than the subject

 

http://collections.v...-rodin-auguste/


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