Par4QC Correct. The one passed down does not say Schrade on it anywhere. It has Ulster stamped on the base of the longest blade, but a little research I did yesterday said the Ulster Co. was an arm of Schrade.
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Although we commonly associate the line with Schrade, Old Timers were also put out by another arm of the Imperial Schrade Corp: the Ulster Knife Company. In late 1960, the Ulster 58OT was produced, and the Ulster 50OT was made available in 1961.
Here's a great excerpt from a thorough Old Timer article by Larry Vickery that lays out some of the earliest models, including those from Ulster.
In 1962 Schrade added the 108OT and ULSTER added both the 10OT and the 12OT. Both the 50OT and 12OT were only available for 1 or 2 years. The next change to the Old Timers line was in 1964 with the addition of the Schrade 15OT and 34OT. No other Ulster OT's were added, except for the special 114OT in 1968.
Larry Vickery
For whatever reason, by the end of the decade, Schrade decided to close down the Ulster line to focus solely on the Schrade-Walden name, which allowed the Old Timer knife to be forever connected with Schrade.
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