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 Dragoon Revolver had a comparatively shorter cylinder (thus preventing overloading the cylinder) and held up to 50 grains of powder, whereas the Walker had used up to 60 grains of powder. The Dragoon Revolver had a shorter barrel at 7.5 inches (some later revolvers 8 inches) as compared to the barrel on the Walker. A loading lever latch in front of the lever replaced the spring to keep the lever from dropping during recoil, thereby preventing jamming of the revolver. These variations made the Colt Dragoon Revolver 4 pounds two ounces. These changes also reduced the risks of the Colt Dragoon Revolver