At just what date the names were reversed to Esperanza y Unceta is not known, but the firm operated under this new name until 1926, at which time the name was changed to Unceta y Cia., as Esperanza left the firm at that time. Señor Esperanza was to have charge of the shop, while the general direction and administration was to be in the hands of Señor Unceta, and the agreement was specified to be binding for 10 years. The original notarized agreement stated that: „The parties hereto constitute a regular collective mercantile Sociedad, domiciled in this town, which will trade under the name of Pedro Unceta y Juan Esperanza which will be devoted to mechanical fabrication of different articles or manufactures of iron and steel." In addition he had engaged in other activities, such as hardware merchant and „banking correspondent." Obviously he had more experience and presumably took the lead in establishing the new enterprise. He had become a manufacturer, dealer, and exporter of arms. Unceta, a highly born native of Eibar, had learned the mechanician's trade in a little shop owned by one of his uncles.
Esperanza was a native of Aragon who had come to Eibar some years earlier to learn to become a mechanician and had become a very good one, having received many awards for his skill. The firm of Esperanza y Unceta was founded by Don Juan Esperanza and Don Pedro Unceta on July 17, 1908. Astra pistols are not only popular in Spain but also have a wide sale in other countries, including the U.S. These pistols have a long and important history in Spanish firearms manufacture as they are among the best that have been produced in Spain furthermore, the company is one of three that are permitted by the present government to make automatic pistols.
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