Although the Fairbanks and Cole Company predated the solo flight of A. C. himself by 10 years, and in that time the prior partnership built around 15,700 instruments, Mr. Albert Conan Fairbanks went out on his own in 1890. The Whyte Laydie model was introduced in 1901 and then something really bad happened – in March of 1904 the Fairbanks factory had a ferocious fire (factually, a fearsome conflagration). NOW ON SALE!!! WAS $5213 BUT NOW: