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 1851 Navy Revolver them, is a mechanically improved and simplified descendant of the 1836 Paterson revolver. As the factory designation implied, the Navy revolver was suitably sized for carrying in a belt holster. It became very popular in North America at the time of Western expansion. Colt's aggressive promotions distributed the Navy and his other revolvers across Europe, Asia, and Africa. The cylinder of this revolver is engraved with a scene of the victory of the Second Texas Navy at the Battle of Campeche on May 16, 1843. The Texas Navy had purchased the earlier Colt Paterson Revolver, but this was Colt's first