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 Paterson Starting in 1839, however, a reloading lever and a capping window were incorporated into the design, allowing reloading without requiring partial disassembly of the revolver. This loading lever and capping window design change was also incorporated after the fact into most Colt Paterson revolvers that had been produced from 1836 until 1839. Unlike later revolvers, a folding trigger was incorporated into the Colt Paterson. The trigger only became visible upon cocking the hammer. A subsequent patent renewal in 1849, and aggressive litigation against infringements, gave Colt a domestic monopoly on revolver development until the middle 1850s. Early Colt literature and