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 New Service Colt New Service The Colt New Service is a large frame, large caliber, double-action revolver made by Colt from 1898 until 1941. Made in various calibers, the .45 Colt version with a 5½" barrel, was adopted by the U.S. Armed Forces as the Model 1909. The Colt M1917 revolver was created to supplement insufficient stocks of M1911 pistols during World War I. It was simply a New Service re-chambered to take the .45 ACP cartridge and used half-moon clips to hold the rimless cartridges in position. After World War I, the revolver gained a strong following among civilian shooters. A