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 Army Model 1860 and by 1865 the revolver was reduced to $14.50. The Colt "Army" revolver is to be distinguished from the Colt "Navy" revolver of which there were two models, the octagonal barrel Model 1851 Navy, and the round-barreled Model 1861 Navy, both Navy models being in the smaller .36-caliber. Replica Navy revolvers sold today are often sold in the historically incorrect .44-caliber; originally, all Navy revolvers were manufactured only in .36-caliber. Colt Army Model 1860 The Colt Army Model 1860 is a cap & ball .44-caliber single-action revolver used during the American Civil War made by Colt's Manufacturing Company. It was