| Excerpt 1:
Ludwig & Ludwig enjoyed their first one million dollar year in
1926. The following year,
1927, saw about the same sales volume and there existed a very great
optimism throughout the organization.
A massive building program under the supervision of Mr. Danly had
been launched and completed by 1923, which more than doubled the size of
the factory. Two sons of Mr.
Danly joined the engineering department- George and Philo Danly.
The three Danlys turned out mechanical inventions of such
stupendous originality that Ludwig & Ludwig easily captured the lead
in sales and approval of the drumming fraternity.
My father had only to de-scribe to the Danly engineering team what
the drummer would like to have for his tools and they created the answer
with their magical strokes of engineering drawings and metal magic.
So massive and advanced were their designs that most are still in
use today and have been copied by every drum company almost one hundred
years later. This era 1921
through 1931 was truly the great era of drum inventions and can easily be
said to have been the birth of the modem percussion industry as we know it
today. There I was, a boy, in
the middle of it! |
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| Excerpt 2:
The next spring (1937) on April 1st my father organized and
opened for business his second drum company, the William F. Ludwig Drum
Company. That summer I reported for duty in the office and was shocked at
how empty it was. Little machinery,
and just a handful of employees. Just six or so in the office and a mere
two dozen in the factory. There was little in the way of tooling as well.
Most, if not all, was used equipment since capital was extremely limited
to say the least. My father was bankrolling the entire operation with the
sale of his C.G. Conn stock which he had seen erode from one million
dollars in 1930 to one hundred thousand in 1937. He had sold Ludwig &
Ludwig for $1,000,000.00 in stock and a non-compete clause for five years.
Now seven years later it was worth no more than $100,000.00!
He and my mother had debated long and hard over starting up again
in the drum business. It was a toss-up whether they would put money into
an apartment building in Maywood, one of Chicago’s oldest suburbs, live
in it and maintain it, or build drums. Thank goodness they chose drums or
I might be pumping gas today and even that is drying up due to self-serve
pumps now. That is what stared me in the face in 1937! |
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