Roswell L. Colt in Paterson on November 22, 1856. Roswell L. Colt Roswell Lyman Colt (1779-1856) was an American businessman who made a fortune in the shipping industry, served for decades as governor of the Society for Establishing Useful Manufactures, and was an early railroad executive. Colt's parents were Peter Colt (1744-1824) and Sarah Lyman. (Peter's brother was Benjamin Colt (1740-1781), whose grandson would be gunmaker Samuel Colt (1814-1862).) A graduate of Yale University, Peter founded a shipping business that traded with the West Indies, served in the Revolutionary War, served as Connecticut State Treasurer from 1790 to 1794, and went on to
Colt Single Action Army but brought it back due to popular demand. The revolver was popular with ranchers, lawmen, and outlaws alike, but as of the early 21st century, models are mostly bought by collectors and re-enactors. Its design has influenced the production of numerous other models from other companies. The Colt SAA "Peacemaker" revolver is a famous piece of Americana. The original length of the barrel, issued to the U.S. Cavalry, was inches (with an overall length of 13 inches). Bound by the Rollin White patent () and not wanting to pay a royalty fee to Smith & Wesson, Colt could not begin