By 1855, Colt had completed a new factory along the Connecticut River and incorporated his business as Colt’s Patent Fire Arms Manufacturing Company. However, after Captain Samuel Hamilton Walker recommended improvements to the Paterson revolver and negotiated with Colt for the delivery of 1,000 revolvers, Colt moved production to the factory of Eli Whitney, Jr. patent for a handheld pistol that featured a multi-firing system based on a rotating barrel with multiple chambers that could fire bullets through a lock and spring design, but his initial manufacturing ventures in Paterson, New Jersey, failed. Library of Congress Prints and Photographs Division.
Armory of Colt's Patent Fire Arms Manufacturing Co.
