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 New Service .455-inch 5.5-inch barrel Mk. I, chambered for the .455 Webley cartridge were acquired for issue as "substitute standard" by the British War Department during World War I. British Empire Colt New Service Revolvers were stamped ""NEW SERVICE .455 ELEY"" on the barrel, to differentiate them from the .45 Colt versions used by the US (and Canada). The Colt New Service was a popular revolver with British officers and many of them had privately purchased their own Colt New Service revolvers in the years prior to World War I as an alternative to the standard-issue Webley Revolver. British Empire and Canadian