During rock ’n’ roll’s fledgling years of the 1950s, Gibson was riding the wave of the electric guitar boom while Epiphone’s once feted archtops became dead in the water. Whereas Gibson flourished in the post-war years following its acquisition by Chicago Musical Instruments (CMI) in 1944 and the subsequent appointment of Ted McCarty as CEO in 1948, Epiphone embarked on a long, slow decline following the death of its visionary founder, Epi Stathopoulo, in 1943. Along with infighting, unionization problems, and a partial relocation to Philadelphia in 1953, the House of Stathopoulo (as it was previously known) stood divided. The once-proud brand, Epiphone Inc. of New York – Gibson’s fiercest competitor in the revolutionary pre-war archtop era – was now a spent force. Save for one thing: it still built some of the best upright basses in the industry.
Despite its troubles, Epiphone managed to sustain an enviable reputation as a quality builder of upright basses, or ‘bass viols’ as they were often called – an avenue Gibson wished to further explore in the 50s while competing against Fender’s game-changing Precision Bass. Ted McCarty was so impressed with the instruments that he suggested to Epiphone’s president, Orphie Stathopoulo, that if ever he decided to sell the bass business, he should give Ted a call. The seed was planted in Orphie’s mind, and in the spring of 1957, he did just that.
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