Great Fortunes, and How They Were MadeMcCabe, James Dabney
History
Great Fortunes, and How They Were Made
McCabe, James Dabney
United States -- Biography
For five years none of the revolvers were manufactured, and, meanwhile,
the stock which had been put in the market was entirely exhausted by the
demand which had set in from Texas and the Indian frontier. In 1847 the
war with Mexico began, and General Taylor, who had witnessed the
performance of the revolver in Florida, was anxious to arm the Texan
Rangers with that weapon. He sent Captain Walker, the commander of the
Rangers, to Colonel Colt to purchase a supply. Walker was unsuccessful.
Colt had parted with the last one that he possessed, and had not even a
model to serve as a guide in making others. The Government now gave him
an order for one thousand, which he agreed to make for $28,000; but
there was still the difficulty caused by having no model to work by. In
this dilemma, he advertised extensively for one of his old pistols, to
serve as a model, but failing to procure one, was compelled to make a
new model. This was really a fortunate circumstance, as he made several
improvements in the weapon, which officers who had used it suggested to
him, so that his weapons were very much better than the old ones. Having
no factory of his own, Colonel Colt hired an armory at Whitneyville,
near New Haven, where he produced the first thousand pistols ordered by
the Government. These gave entire satisfaction, and further orders from
the War Department came in rapidly. Colonel Colt now hired and fitted up
larger and more complete workshops in Hartford, and began business on
his own account, supplying promptly every order that was given him. The
weapon proved most effective during the Mexican War, and the orders of
the Government were sufficiently large to allow the inventor to reap a
handsome profit from them, and lay the foundations of his subsequent
business success.
At the close of the war, Colonel Colt was apprehensive that the demand
for his weapon would again drop off, as it had done after the Florida
campaign; but he was agreeably disappointed. The success of the revolver
in Mexico had made it generally and favorably known throughout the
country, and there was now a steady and even a growing demand for it.
The discovery of gold in California, which so quickly followed the
cessation of hostilities, greatly stimulated this demand, for the most
essential part of the gold seeker's outfit was a revolver; and the
extraordinary emigration to Australia, which set in somewhat later,
still further extended the market for his weapon. Convinced by this time
that there would be no considerable falling off in his orders, Colonel
Colt began to take steps to assure the permanency of his business.
Public-domain text, read in full here on John Shaqi.
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