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 M1900 .32 ACP, etc.), yet fired at similar velocities, giving more power. The .38 ACP was also a much faster cartridge than the .38 Long Colt revolver cartridge in service at the time, which fired a 130 grain bullet at (albeit 130 grains being a heavier bullet). Colt was also experimenting with a .41 caliber cartridge for use in the Model 1900, as reported to the Ordnance Department during testing. Like the .41 Long Colt, this probably used a .400 inch bullet. The poor performance of the .38 Long Colt in combat in the Philippine–American War of 1899–1902 resulted in the