Roswell L. Colt 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 help found Paterson, New Jersey. In
Colt 1851 Navy Revolver major success in the gun trade; the naval theme of the engraved cylinder of the Colt 1851 Navy revolver was Colt's gesture of appreciation. The engraving was provided by Waterman Ormsby. Despite the "Navy" designation, the revolver was chiefly purchased by civilians and military land forces. The .36 caliber (0.375–0.380 inch) round lead ball weighs 80 grains and, at a velocity of 1,000 feet per second, is comparable to the modern .380 pistol cartridge in power. Loads consist of loose powder and ball or bullet, metallic foil cartridges (early), and combustible paper cartridges (Civil War era), all combinations being ignited