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 Dragoon Revolver from exploding when fired, unlike the risk that had been demonstrated with the Walker revolvers. In the troublesome events that led to the Civil War, Colt Dragoons became extremely popular. In the beginning Colt Dragoon Revolvers were issued for the U.S. Army's Mounted Rifles. They were carried in pommel holsters on the saddle. The Colt Dragoon Revolver gained popularity among civilians in the Southwest where many had served in the Mexican–American War. The Dragoon became a master weapon for civilians who hailed it as a powerful weapon of the time. Famous users included Joaquin Murietta, the California bandit, Charley Parkhurst,