It might be a lathe that others modeled their small lathes after (Taig, Sherline), but it certainly isn't one of the first small lathes.
With about 45 seconds of research :
http://www.lathes.co.uk/adept/
Also the Atlas made small lathes in the 1930s for Sears, another early small lathe. There must be others as lathes have been a very popular items over the decades.
Dave