This is one of my all time favorite sets. This 3/4" drive set dates from the early 30's (I think) or the dawn of Thorsen tools. It has sockets marked TT in a circle and GT in a hexagon. The look and feel of this set says original to me. Alloy Artifacts says there was a connection between Thorsen and General tools of Portland. I think Thorsen or P&C (or both) made tools for General Tool in the 30's. These three companies were fairly well entwined until Plomb bought out P&C in the early 40's. I got this at an estate sale of an old heavy equipment mechanic a few miles from General Tool in Portland.
By stormking3 at 2012-07-31
I'm not sure how I ever missed this post, but I did. This is one of the oldest sets I've seen. The TT in a circle is significant in it's dating, as is the "GT". Lawton wrote of the inefficiency in the factory due to changing out dies for just a few tools in a run. There is no question they were private label stamping them at the factory. Great find!
1941
Source – “The Shurtleff and Lawton families: genealogy and history”
Company Name: “Thorsen Tools”
Products: sockets, socket wrenches, socket attachments, flat wrenches, and specialized tools.
Production Contract: “One large contract for wrenches for Indian motorcycles”
Notes “Thorsen Tools” was purchased in early 1941 for a total of “about $20,000”; with $14,000 of Harry Pete’s money, $3000 of Lawton Shurtleff and Bobbies, and $5000 limited partnership loan from roy. It notes Harry Pete had 49 percent, Lawton/Bobbie had 17.65 percent ownership, that Roy had 34 percent with an invested $5000 as a limited partner with no share in the liabilities. Notes that Thorsen was run down at the time of purchase, and that there were five employees (not counting the new owners). The main products at time of purchase were sockets, socket wrenches, socket attachments, flat wrenches and specialized auto tools. Notes E.A Boyd’s Thorsen Tools in San Fran had exclusive rights for northern CA sales; California Tool Co had rights for southern CA., and General Tool Company controlling Washington and Oregan, with “Old Forge” in PA with exclusive rights to the east coast. Notes Thorsen production private branded tools for those distributors. It notes government contracts and “one large contract for wrenches for Indian motorcycles” gave a new lease on life for Thorsen.
Sales: $40,000
Profit: $8,000 before salaries.