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 known as the "Peacemaker" and "Colt 45"). Total production numbers of the Colt 1851 Navy Revolver were exceeded only by the Colt Pocket models in concurrent development, and numbered some 215,000 domestic units and about 42,000 produced in the Colt London Armory. The six-round .36 caliber Navy revolver was much lighter than the contemporary Colt Dragoon Revolvers developed from the .44 Walker Colt revolvers of 1847, which, given their size and weight, were generally carried in saddle holsters. It is an enlarged version of the .31 caliber Colt Pocket Percussion Revolvers, that evolved from the earlier Baby Dragoon, and, like