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The employees were back at work Monday, cleaning up the mess, and
Jack began making arrangements for other places to operate.
"We operated in five different locations" while
the machines were being rebuilt.
Mr. Rutledge had a hangar next door.
Jack rented two lathes from him along with some space in
the building. He paid
Mr. Rutledge a salary to work for him.
Jack moved his burned machines over there, " and my
people started working." "One of my customers came
down, Mr. Doskicil, and he ran the tumbler and tumbled the burned
parts so they cleaned up and looked all right.
He drove in from Zabcickville, out past Rosebud.
We sold our first job the following Wednesday."
Many of Jack's customers and friends chipped in to give Mercury a
hand in the rebuilding effort.
"Southern Toy loaned us a forklift, Bird Kultgen
loaned us a truck, Leo Zeig of Zeig Sheet Metal in Hearne had a
new welder on order, and we took the welder from DuPuy
Oxygen," Jack said. "And
we had a whole bunch of things like that from our customers and
friends. It pays to
be nice to people."
The Waco Industrial Foundation built
Mercury a building on land leased from the city, and Jack's
father, Ernest Richards, an electrician, retired early and came
down to Waco to wire the new building.
The City loaned Mercury an engineer to oversee the
construction, and by the end of April, Mercury was in its new
building. "It
was a lot of hard work," Jack said.
In 1967, Mr. Rusch, who was 10 years
older than Jack and who was not in good health, decided to sell
his half of the business to K&S Manufacturing, which was
Mercury's biggest customer at the time.
"My new partner was not adverse to borrowing money,
and he paid very quickly, in 10 days."
Jack said. "And Wallace Rusch stayed and worked for 10
years. We gave him a
project to take with him when he retired, and he set up a little
shop for himself, and he and his son built this project.
The project was Seam Busters, a product
Mercury had started building in 1949 for Mr. Thompson of Hawk and
Buck. It was used in
the garment industry. After Mercury was rebuilt, business
got even better. "We
were growing all the time, "Jack said.
"We were doing a lot of work for General Tire, and we
were making sidewalk skateboards.
We were making 50,000 sets of hardware a day."
The company also did work for Phillips Petroleum and American Desk
in Temple and many companies in the Metroplex.
In 1970, Jack hired a sales rep, Alan
Craft of Craft & Associates.
"Prior to that, I did most of the sales," Jack
said. "He
was very effective and is still very effective for us."
In 1972, the owner of K&S
Manufacturing died, and his son-in-law, Bill Steele III, bought
K&S. In 1977, Mr.
Steele sold K&S to the Kidde Company, a $2 billion
conglomeration of companies that manufactured fire extinguishers
and furniture, among other products.
In 1982, Kidde sold off K&S to Aircap, a lawnmower and
edger manufacturing company, and kept Mercury Tool.
Then in 1984, Jack bought the other half of Mercury Tool
back, for 20 times what Mr. Rusch originally sold it for.
Over the years, Jack has learned to be
patient with business cycles. "We've tried to
diversify," he said. "Steel
cycles every three years. Oil
cycles about every seven. We
had a downturn in '91, a bad one in 1982-'84, one in '73-74."
One of the products that have cycled in
and out of Mercury's history is the Bangalore torpedo, which is
sold by the U.S. Armed Forces to other nations.
In 1968, Mercury built 35,000 torpedo kits; in 1970, it
built 70,000 kits; in 1986, 8,000 kits; and in 1988, 6,000 kits. The last time Mercury built the torpedo kits was in 1995.
"That's stuff that's carried through since 1968 -
almost 30 years," Jack said.
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