Smith & Wesson Revolver Company Īs Samuel Colt's patent on the revolver was set to expire in 1856, Wesson began developing a prototype for a cartridge revolver. Volcanic Repeating Arms was insolvent in late 1856, after which it was reorganized as the New Haven Arms Company in April 1857 and eventually as the Winchester Repeating Arms Company by 1866. Smith left the company and returned to his native Springfield, Massachusetts, while Wesson stayed as plant manager with Volcanic Repeating Arms for eight months. The Smith & Wesson Company was renamed Volcanic Repeating Arms in 1855 and was purchased by Oliver Winchester. Smith developed a new Volcanic Cartridge, which he patented in 1854. Wesson founded the Smith & Wesson Company in Norwich, Connecticut in 1852 to develop the Volcanic rifle.
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