Hi, rcmodel and guys.
Not quite true. S&W installed a hammer block safety in the Hand Ejector series around 1915, and then a second version in 1926. Both were made as springs and were non-positive, depending on spring tension to operate. The second type failed in the famous case of the sailor, and the new (1944 - to current) block is positive, not dependent on spring tension.
The rebound slide does work as a hammer block, though that was not its original purpose. But under an extreme blow, the hollow rebound slide can be crushed, the hammer pin can shear off, or the top of the hammer can even break off and drive forward. The hammer block will prevent firing in any of those situations.
The real purpose of the rebound slide (it was a rebound lever in early hand ejectors) is to pull the firing pin back out of the primer so the cylinder can be opened. That was not necessary with the old top-break guns because when the gun was opened, the arc of the opening moved the cartridge away from the firing pin.
Jim