Great Fortunes, and How They Were Made eBook

This eBook from the Gutenberg Project consists of approximately 694 pages of information about Great Fortunes, and How They Were Made.

Great Fortunes, and How They Were Made eBook

This eBook from the Gutenberg Project consists of approximately 694 pages of information about Great Fortunes, and How They Were Made.

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.

The experience of the American officers during the Mexican War enabled them to point out many improvements to the inventor, who promptly adopted them.  This made his pistol almost a new weapon, and the most formidable small arm then in use.  He obtained a new patent for it, as thus improved, and it was adopted by the Government as the regular arm of the army and navy, different sizes being made for each service.  The Crimean and Indian wars, which followed soon after, brought the inventor large orders from the British Government, and during the next few years his weapon was formally introduced into the armies of the leading States of Europe.

Copyrights
Project Gutenberg
Great Fortunes, and How They Were Made from Project Gutenberg. Public domain.