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 Single Action Army Colt Single Action Army The Colt Single Action Army, also known as the Single Action Army, SAA, Model P, Peacemaker, M1873, and Colt .45 is a single-action revolver with a revolving cylinder holding six metallic cartridges. It was designed for the U.S. government service revolver trials of 1872 by Colt's Patent Firearms Manufacturing Company — today's Colt's Manufacturing Company — and was adopted as the standard military service revolver until 1892. The Colt SAA has been offered in over 30 different calibers and various barrel lengths. Its overall appearance has remained consistent since 1873. Colt has discontinued its production twice,