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Thomas P. Scanlan (1896–1986), was the founder and publisher of the Chicago-based Surplus Record. Mr. Scanlan was a University of Notre Dame graduate. After World War I, he began Surplus Record, which grew into a national trade publication for the used-machinery business which listed used machine tools and capital equipment.
The brothers began conducting auctions more regularly and in 1958 incorporated Ritchie Bros. Auction Galleries Ltd. to formalize their new business. [4]: 17 Ritchie Bros. began selling used equipment in the 1960s. In 1963 Dave Ritchie moved to Vancouver, B.C. and rented an auction site on S.E. Marine Drive. He set up the company's first ...
This business was founded by Thomas William Ward in 1878 with the name Thos. W. Ward. Ward's provided coal and coke, and very soon recycling or scrap metal services. It added dealing in new and used machinery related to the iron, steel, coal, engineering and allied industries, and manufacturing that machinery.
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A grinding machine is a machine tool used for producing very fine finishes, making very light cuts, or high precision forms using an abrasive wheel as the cutting device. This wheel can be made up of various sizes and types of stones, diamonds or inorganic materials.
A metal lathe is an example of a machine tool. A machine tool is a machine for handling or machining metal or other rigid materials, usually by cutting, boring, grinding, shearing, or other forms of deformations. Machine tools employ some sort of tool that does the cutting or shaping.