Samuel Colt influence in other manufacturing efforts of the next half century. Prominent examples included Francis A. Pratt, Amos Whitney, Henry Leland, Edward Bullard, Worcester R. Warner, Charles Brinckerhoff Richards, William Mason and Ambrose Swasey. In 2006, Samuel Colt was inducted into the National Inventors Hall of Fame. Samuel Colt Samuel Colt (; July 19, 1814 – January 10, 1862) was an American inventor, industrialist, businessman, and hunter. He founded Colt's Patent Fire-Arms Manufacturing Company (today Colt's Manufacturing Company) and made the mass production of the revolver commercially viable. Colt's first two business ventures were producing firearms in Paterson, New Jersey and
Colt Open Top Pocket Model Revolver White patent for metallic cartridges firearms manufacture expired (c. 1870) the Colt's Patent Fire Arms Manufacturing Company started working on its own metallic cartridge revolvers (Colt had previously been manufacturing the so-called Richards-Mason conversions). Thus, Colt introduced its first rear-loaders in 1871: the Colt House/Cloverleaf and the Colt Open Top Pocket Model Revolver. In the 1870s the firearms market was awash with cheaply made knockoffs of the .22 caliber Smith & Wesson Model One which sold for about $2. Colt's president Richard Jarvis decided it would not compete directly with the knockoffs; that its .22 would be of Colt quality.