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In addition, Colt accepted orders directly from rich and powerful customers looking for customized pieces. He employed a small force of traveling salesman and also utilized jobbers who acted as wholesale agents capable of selling product to retailers in large quantities. Colt installed the distinctive onion dome on top of his plant to draw extra attention to his business.Ĭolt sold his products through a variety of different outlets. The new factory-the largest privately owned manufacturing plant in the world-opened in 1855 under the company’s new name, the Colt Patent Fire-Arms Manufacturing Company. Samuel Colt’s London factory on the banks of the Thames River, London, 1853 – Connecticut State Library,State Archives, PG 460, Colt Patent Fire Arms Manufacturing Company He bought the land for a very low price (because of its susceptibility to flooding) and built a two-mile-long dike to protect his operations from the river. He also began purchasing property along the banks of the Connecticut River in Hartford as a location on which to build a new factory. In 1851 he became the first American manufacturer to open a plant in England. With his business now a success, Colt looked to expand his operations. Colt revived his revolving arms business and his manufacturing system of interchangeable parts allowed him to deliver all the requested firearms by 1847. The army soon ordered 1,000 weapons for use in the war begun with Mexico. Prior to using Colt’s revolver, reloading between shots took approximately 20 seconds. The revolver allowed soldiers fighting on the plains to fire six shots in rapid succession without reloading. In 1845, reports from the West praising Colt’s revolvers began reaching Washington.
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1835 – Connecticut Historical Society A Reinvigorated Business The company’s shareholders eventually took it over and relegated Colt to the role of sales agent before finally shutting down operations and selling off the company assets in 1842.ĭrawing of an early Colt pistol, ca.
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The company originally produced three revolving handguns (one made for a belt, one for a holster, and one to fit in a pocket) and two rifles, but Colt failed to obtain any government contracts and the business struggled.
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Upon returning from sea, Samuel Colt filed a patent for his design and, after receiving funding from his family, opened the Patent Arms Company in Paterson, New Jersey. While aboard ship, Colt became enamored with the spinning and locking mechanisms used by the ship’s wheel and carved a wooden model of a revolver that used a similar mechanism for loading and firing ammunition. The son of a textile worker, Colt got himself expelled from Amherst Academy as a young man, so his father sent him on a year-long sailing voyage to study navigation. Samuel Colt, the man who revolutionized firearms manufacturing in the United States, was born in Hartford, Connecticut, on July 19, 1814.
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