During the 1850s the company expanded into agriculture equipment but the increasing demand for rail cars outstripped their production and soon they began focusing solely on the latter. Packard passed away in 1854, which resulted in Barney looking for another partner. That same year he brought in Caleb Parker, renaming the business as the Barney, Parker & Company. After the mid-1850s the operation began expanding more heavily into passenger equipment. It was here when the company earned its reputation as a highly regarded builder. For instance, its sleeping cars were quite opulent and came completely equipped upon arrival to the customer, all of the way down to the bed linens and pillows! As a result, the up-and-coming George Pullman purchased several cars from Barney, Parker & Company during his early years in the business.
The company had difficulties in the late 1850s during a financial panic
and later the Civil War due to the fact that many railroads, especially
in the South, could not afford to pay for their equipment. It was also
during this time in 1864 that Parker retired and Preserved Smith
replaced him. Again, the company name
was changed becoming the Barney, Smith & Company. Also, things
looked up after the war as the economy improved and so did business.
Just two years later in 1866 the business was changed again after
Barney's son entered the business and was renamed as the Barney &
Smith Manufacturing Company. During this time the company also began
building the classic passenger car of that era featuring a clerestory roof.
The 1870s saw the company expand into the field of narrow-gauge equipment becoming a major producer of such, particularly because of the fact that it pioneered the two-and-two seating in passenger cars for the gauge. It was at this time that Barney & Smith Manufacturing was at its peak and said to be the largest car manufacturer in the country, just before George Pullman opened his massive complex in Illinois during the early 1880s. In 1890 the company entered the field of electrically powered cars due to the fact that the street railway industry was on the rise and the interurban lines were in their infancy, poised to take off by the turn of the century.
Three other important events occurred with the business during this time: first was the fact that in 1892 the Barney family sold all of its interest resulting in the company name changed to Barney and Smith Car Company as it became publicly traded; second, the company's downfall began that decade; and third, the financial panic hit the business hard, from which it would never truly recover. Barney & Smith had always been highly regarded for its incredibly high and excellent equipment standards but it was not very innovative and held almost no patents of any significance. As its market share eroded it turned more heavily to the development and construction of interurban and streetcar equipment.
The company first cataloged one-truck designs but then later after the
turn of the 20th century switched to the more standard (and stable) two
truck setup. The Barney and Smith Car Company was fairly successful in this
but it was shortlived. As the interurban boom ended after 1910 so too
did sales. Then, in March, 1913 a massive flood heavily damaged the
Dayton complex forcing it into bankruptcy. It 1915 it exited
receivership only to be met with a dead market and no sales. Finally,
in February 1921 the company closed permanently ending more than 70
years of manufacturing cars.
Related Reading You May Enjoy
Trolleys And Interurbans
Barney & Smith Car Company