Patrick Clancy, with the assistance of brothers Tom and Liam and the financial support of Diane Hamilton, a member of the Guggenheim family and active in the Country Dance and Song Society, initiated Tradition Records in 1956 in New York City. Kenny Goldstein was instrumental in producing and recording many of the early albums. During 1960-61, Charlie Rothschild took over the business side of Tradition, while Patrick Clancy continued to oversee production. Having issued over 45 albums, Clancy sold the company to Bernard Solomon at Everest Records in 1966. Everest, now Legacy International, licensed the masters to Rykodiscs in the mid-1990's, which released much of the label on CDs, while Legacy International also continued to issue various Tradition albums into 2002.
Ronald D. Cohen
Encyclopedia of Recorded Sound