Source: Wikipedia
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Early history
Predecessors
The ancestor of the Winchester Repeating Arms Company was the Volcanic Repeating Arms Company, which manufactured the Volcanic lever action rifle of Horace Smith and Daniel Wesson. It was later reorganized into the New Haven Arms Company, its largest stockholder being Oliver Winchester. The Volcanic rifle used a form of "caseless" ammunition and had only limited success. Wesson had also designed an early form of rimfire cartridge which was subsequently perfected by Benjamin Tyler Henry. Henry also supervised the redesign of the rifle to use the new ammunition, retaining only the general form of the breech mechanism and the tubular magazine. This became the Henry rifle of 1860, which was manufactured by the New Haven Arms Company and was used in considerable numbers by certain Union army units in the civil war.
The "Winchester" Rifle
A Winchester Rifle, circa 1894
After the war Oliver Winchester continued to exercise control of the company, renaming it the Winchester Repeating Arms Company, and had the basic design of the Henry rifle completely modified and improved to become the first Winchester rifle, the Model 1866, which fired the same .44 caliber rimfire cartridges as the Henry but had an improved magazine (with the addition of a loading gate on the right side of the receiver, invented by Winchester employee Nelson King) and, for the first time, a wooden forearm. The Henry and the 1866 Winchester shared a unique double firing pin which struck the head of the rimfire cartridge in two places when the weapon was fired, increasing the chances that the fulminate in the hollow rim would ignite the 28 or so grains of black powder inside the case.
Another extremely popular model was rolled out in 1873. The Model 1873 introduced the first Winchester center fire cartridge, the .44-40 WCF (Winchester Central Fire). These rifle families are commonly known as the "Gun That Won the West".
The Model 1873 was followed by the Model 1876 (or "Centennial Model"), a larger version of the '73, which utilized the same toggle-link action and brass cartridge elevator dating from the Henry. It was chambered for longer, more powerful cartridges such as .45-60 WCF, .45-75 WCF, and .50-95 WCF. The action was not strong enough to allow Winchester to achieve their goal of producing a repeating rifle capable of handling the .45-70 Government cartridge; this would not happen until they began manufacture of the Browning-designed Model 1886.
From 1883, John Browning worked in partnership with the Winchester Repeating Arms Company, and designed a series of repeating rifles and shotguns, most notably the Winchester Model 1885 Single Shot, Winchester Model 1887 lever action shotguns , Model 1897, and Model 1912 shotguns; and the lever-action Model 1886, Model 1892, Model 1894 and Model 1895 (with a box magazine) rifles. Several of these are still in production today through winchester special order, though other companies such as Browning, Rossi, Navy Arms and others have revived several of the discontinued models.