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 Single Action Army and sold to the civilian market. The largest group of U.S. Colt Cavalry revolvers was inspected by David F. Clark, his D.F.C. cartouche being encountered on revolvers inspected from 1880 to 1887. During 1893, the .45 U.S. Colt Single Action Army revolver was retired by the Cavalry and replaced by the .38 caliber Colt Model 1892 Double Action Army revolver. The .45 Single Action Army revolver was still standard issue to the Infantry, Artillery and other branches of the U.S. Army. In 1895–1896, the U.S. federal government returned 2000 SAA revolvers to Colt to be refurbished; 800 were issued to