How Hodgdon Powder Co. Started — With a Life Insurance Loan
Here’s an interesting factoid from Hodgdon Powder’s new Facebook Page:
The story of Hodgdon Powders begins with one number: 4895. Founder Bruce Hodgdon, a handloader and U.S. Navy veteran, knew that after WWI tons of surplus powder were dumped at sea. After WWII, rather than let it all go to waste, Bruce borrowed against his life insurance and bought 25 tons of 4895 from the U.S. Government. It was the perfect powder for the flood of surplus M1903 Springfield rifles chambered in .30-06. The rest is reloading history.
Shown below is the life insurance loan contract that funded Bruce Hodgdon’s Purchase of 25 Tons of 4895 Surplus Powder:
