Thank you Walter. I have long suspected that the addition of a pump gun to their lineup, was the most likely reason for the acquisition. Winchester, Remington and the Browning designed Steven/Savage cornered the growing pump gun market and I think double makers knew their days were coming to an end. In the end, I suspect Ithaca decided the Model 60 was not a very good design, or one they thought they could redesign into a better design, at a profit. In the end, instead they waited until the patents ran out on what became the Model 37, which I think was an excellent decision.
I base my lack of love for the Model 60 based on my own examples of them and the guns they evolved from. I have several and several parts guns. Including the early model 24, 25, 27 and the later Model 60. The Model 60 is just an updated version of the Model 24/27. I have seen the Model 27 designation used on both the hammer and hammer-less pump guns, mine is hammer-less. Why on both, nobody knows. I suspect it was a mistake as they both share the same front end to attach the barrel and tube magazine to the receiver. Just got miss-stamped or they made guns up with parts on hand and they interchange.
The Model 60 is a striker firing system and cocking the striker takes great effort in the last 1/2" of the pumping cycle. It operates smoothly until then and then becomes a very difficult to cock gun. I have not measured it but it has to be in the 12-15 pound range of effort. There is no mechanical advantage and all the force require to compress the spring is ridiculous. To do it you have to take the gun off the shoulder and use both arms. Without mechanical advantage I think this was what killed this design because it was too difficult to operate. And I do not think you can redesign it to make it easier to operate.
Timeline: Name changes.
Colton Arms 1894 founded by George B Colton circa 1894
Union Fire Arms Company of Toledo incorporated in 1902
Name changed to Union Arms Company 1911
Union Arms Company was purchased by Toledo Fire Arms Company in 1913.
Toledo Arms Company (1913 Toledo was started in 1871) Bought and absorbed by Ithaca 1917.
I think the 1914 sale was only for the Model 60 rights. ""...all the letters patent together with tools, jigs, fixtures and special appliances, etc....the exclusive right to manufacture and sell same throughout the world.""? I think they bought only the pump gun design and patents and things needed to make them but none of the machinery which I suspect was kept by the Toledo Arms Company. Toledo did keep operating after 1914.
I also have seen a sale date of Toledo Arms, to Ithaca of 1916-1917, not the 1914 time frame. Perhaps the did buy the equipment during WWI to increase production of military contracts. That sale I was told was at auction, which is how I have been told Toledo Arms was disposed of. Maybe after I retire I will travel out to look at the records and see if there are any answers to be had. I have several city or Toledo information sources and should be able to cross check some of the physical locations at least and pin down years they were incorporated in Ohio. Nobody pays for papers after they close. The problem is I think they only rented space not owned physical property so tax records are not of much help. Somebody 110 years ago should have taken better notes.
Evolution of the pump gun designs: The Model 24 were a two trigger pump gun, with a front reversed trigger which could cock or de-cock the gun. Later redesigned as the 24A and then the Model 50 which had only one trigger. The Model 50 was made 1911-1913. The Model 60 I think was just coming into production in 1914 and ended there with this sale to Ithaca. I think the Model 60 is just an updated model 50 with some new patent improvements and protection. I ought to take one of each apart to compare but they are a pain the the Arizona to take apart and put back together. I'd rather do the same, on one of the Marlin Chinese bolt pump guns, with oven mitts on, in the dark. I think Ithaca dodged a bullet in not making these guns. I suspect they wanted the patents and thought they could fix it. Somebody 110 years ago should have taken better notes.
Thanks again for all the information that you have so kindly shared.