I know that Bailey and Stanley had an on-again off-again relationship...
I think the story would make a good movie. Something really intense like
"There Will Be Blood" except substitute hand plane patents for oil...
[Daniel Day-Lewis as Leonard Bailey] "If I say I am a plane designer then
you would agree. And I can offer you all sorts of block and bench planes.
The other plane makers will tell you that they have a superior depth adjuster.
But I guarantee you that when it comes time for the showdown, I will be
the only one taking perfect, even shavings."
Baily made planes in Boston from about 1850 until 1869. He invented and
patented the modern bench plane depth adjuster mechanism still used
today. These early, true "Bailey" planes are rather rare and valuable.
Stanley bought the Bailey patents (and his Boston factory) in 1869. The
relationship between Bailey and Stanley soured in about 1875 with lawsuits
flying both ways over the next 5 years. Either Bailey was greedy or Stanley
was cheating Bailey out of royalties. I suspect a bit of both. Regardless of
the cause, Stanley's deeper pockets eventually won out. After the lawyer
dust settled, it was kinda an "In Your Face" move for Stanley to continue
using Bailey's name on their planes for marketing reasons. I guess they
figured they paid for it.
Multiplying the confusion from a collector's standpoint, Bailey started the
"Victor" plane company during the 1875 litigation period. These planes were
made solely by Leonard Bailey's second company. Bailey then lost another
legal battle with Stanley (over patents) and was forced to sell this second
plane company. The new company owner continued to produced the "Victor"
and "Defiance" planes until Stanley bought them out and killed the company.
Adding yet more fuel to this confusing fire, Stanley later revived the
"Defiance" name for an economy line of products.