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The Model 760 replaced the Model 141 in the product lineup.
Being fed by a box magazine freed the design to use more powerful calibers with spitzer bullets.
Production of military arms had forced manufacturers to streamline production and use more economical methods and materials that were not adaptable to most earlier designs.
Remington set about creating families of firearms that shared a common design and parts.
I have contacted Remington and they confirmed that information above is correct.