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 M1892 Colt M1892 The M1892 Colt Army & Navy was the first general issue double-action revolver with a swing-out cylinder used by the U.S. military. In 1892 the gun was adopted by the Army in .38 Long Colt caliber, and the revolver was given the appellation New Army and Navy. Initial experience with the gun caused officials to request some improvements. This would be an ongoing condition, resulting in Models 1892, 1894, 1895, 1896, 1901 and 1903, as well as a Model 1905 Marine Corps variant. The revolver featured a counter-clockwise rotating cylinder, which could be opened for loading and ejection