dan Wesson and smith & wesson

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Dan Wesson the grandson of D.B.wesson worked at S&W he left the company and set up dan wesson firearms .When did he leave S&W and what were the circumstances .Who was head of the company who owned it ?
Just for historic history. I bought a couple of the wesson guns roll marked Hi standard and am curious .Looking at the lock work i can see some engineering similar to present S&W also the tensioned 2 piece barrel arrangement
 
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The Dan Wesson revolver was designed by Karl R. Lewis who also designed the Colt Mark III action and the Browning Lever Rifle.
 
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