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Native American tribe attempts to rescue Colt

Discussion in 'Economics, Business, and Taxes' started by freyasman, Jul 3, 2015.

  1. freyasman

    freyasman Senator

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    For those who aren't aware, the Colt Firearms Company has been in dire financial straits for some time, and now a Native American tribe from SoCal is attempting to intercede, and keep the iconic brand alive. http://blogs.wsj.com/bankruptcy/2015/07/01/morongo-tribe-rides-to-colts-rescue/
    From the link;
    For Colt’s Native American suitors, it’s not just business; it’s history, interest and commitment, their attorney said. “We have gone to great lengths to get our hands on Colts,” he said. “Just ask General Custer.”
    Quote of the century, lol.... :D
     
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  2. fairsheet

    fairsheet Senator

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    In related news, the Fox/GOP is considering investing in a bow and arrow factory.
     
  3. freyasman

    freyasman Senator

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    I think it would be a shame to see an iconic company like Colt go down the tubes. Did you know the Beretta firearms company in Italy dates back to 1526?
     
  4. fairsheet

    fairsheet Senator

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    Did you know that the first time Colt was on the rocks, was just post the Civil War, when the markets for ALL American made guns were drying up? That's when some clever person came up with the "personal protection" silliness.

    On a sidenote, in a functioning market, the strong survive and the weak fall by the wayside. The fact that Colt makes guns, doesn't make them special.
     
  5. freyasman

    freyasman Senator

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    I have a Colt revolver that was made in 1901. It belonged to my great grandfather, and it looks to have seen some hard use. Personal protection isn't silliness; it's a hard world, and it always has been.
    Agreed on the sidenote; that company isin need of new management.
     
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  6. Wahbooz

    Wahbooz Governor

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    Whooooo.... You mean no more trading furs for guns??? Damn, I like that!!!
     
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  7. Max R.

    Max R. On the road Supporting Member

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    Love the idea of saving Colt, love the irony of a native American tribe being their salvation and love the quote "Just ask General Custer"....although that last part isn't quite accurate. The Lakota and Cheyenne tribes which gave Custer and the 7th Calvary a lesson in manners were well equipped with both Henry and Winchester repeating rifles while the 7th Calvary was primarily armed with the Sharps single-shot rifle and, as a side-arm, the ubiquitous Colt Single-Action Army.

    Still, it's the pistol that is famously spoken about in the slogan “Abe Lincoln may have freed all men, but Sam Colt made them equal”.

    http://www.historynet.com/battle-of-little-bighorn-were-the-weapons-the-deciding-factor.htm
     

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