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Colt's Patent Fire Arms Manufacturing Company 1947

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Antiques > Scripophily


Dealer: Scripophily
Contact: Bob Kerstein - Email Dealer
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Price: $149.95 USD  - Currency Converter

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Description: Beautifully engraved certificate from the Colt's Patent Fire Arms Manufacturing Company issued in 1946 - 1947. This historic document was printed by the American Banknote Company and has an ornate border around it with a vignette of a colt with arrows. This item has the printed signatures of the Company’s President and Secretary and is over 55 years old.
Certificate Vignette "Abe Lincoln may have freed all men, but Sam Colt made them equal." This post-Civil War slogan would have been music to Sam Colt's ears had he lived long enough to hear it. Yet, even before his death at the age of 47, he knew that his invention of a weapon capable of firing without reloading was a tremendous success throughout the world. Some 19th-century historians have gone so far as to say that Sam Colt's invention altered the course of history. But when all was said and done, no man could deny that Sam Colt had achieved a level of both fame and fortune known to few other inventors. As a direct result of his invention and the marketing and sales success that followed, Sam Colt and his firearms played a prominent role in the history of a developing America. So popular was the Colt revolver during the latter half of the 1800s that it was perhaps the best-known firearm not only in this country but also in Canada, Mexico, and many European countries. To this day, the name Colt suggests firearms to most Americans. Sam Colt's success story began with the issuance of a U.S. patent in 1836 for the Colt firearm equipped with a revolving cylinder containing five or six bullets. Colt's revolver provided its user with greatly increased firepower. Prior to his invention, only one- and two-barrel flintlock pistols were available. In the 163 years that have followed, more than 30 million revolvers, pistols, and rifles bearing the Colt name have been produced, almost all of them in plants located in the Hartford, Connecticut, area. The Colt revolving-cylinder concept is said to have occurred to Sam Colt while serving as a seaman aboard the sailing ship Corvo;. There he observed a similar principle in the workings of the ship's capstan. During his leisure hours, Sam carved a wooden representation of his idea. The principle was remarkable in its simplicity and its applicability to both longarms and sidearms. Nevertheless, Colt's idea was not an instant success. At the outset, many people preferred the traditional flintlock musket or pistol to such a novel weapon. In 1836, Colt built his first plant in Paterson, N.J., then one of this country's fastest-growing manufacturing centers. Sam Colt's uncle, a successful local businessman, was willing to help young Sam form the company. At age 22, Sam Colt was the firm's chief salesman and new-business promoter. He soon developed and produced three different revolver models: the pocket, belt, and holster; and two types of longarmor rifle: one cocked by a hammer, the other by a finger lever. In all cases, gunpowder and bullets were loaded into a revolving cylinder while the primer was placed into a nipple located on the outside of the cylinder, where it would be struck by the hammer when the trigger was pulled. Despite the generally favorable performance of the product in the hands of early buyers, sales were sluggish. Even though the U.S. government purchased small quantities of the Colt ring-lever rifle and the Colt 1839 carbine, quantities ordered appear never to have exceeded 100. In 1842, the Paterson company, known as the Patent Arms Manufacturing Co., closed; auctioned much of its equipment; and began bankruptcy proceedings. Sam Colt then turned his attention to selling the U.S. government on his ideas for waterproof ammunition; underwater mines for harbor defense; and, in association with the inventor Samuel F. B. Morse, the telegraph. During 1845, certain units of the U.S. Dragoon forces and Texas Rangers engaged in fighting the Indians in Texas credited their use of Colt firearms for their great success in defeating Indian forces. U.S. War Department officials reportedly were favorably impressed. When the Mexican War began in 1846, Capt. Samuel H. Walker, U.S. Army, traveled East, looked up Sam Colt, and collaborated on the design of a new, more powerful revolver. Within a week, the U.S. Ordnance Dept. ordered a thousand of the newly designed revolvers, which Sam Colt called the "Walker." Suddenly, Colt was back in the firearms business but without a factory. He turned to Eli Whitney, Jr., son of the famous inventor of the cotton gin, who had a factory in Connecticut where the order was completed and shipped by mid-1847. In 1851, two significant developments had a major effect on the future of the business. Sam Colt became the first American manufacturer to open a plant in England, thereby solidifying his reputation in international markets. And he began purchasing parcels of property in what was then called the South Meadows, an area of Hartford that fronted on the banks of the Connecticut River. The parcels, because they were often flooded, sold at remarkably low prices. A two-mile-long dike actually cost twice as much as the 250 acres; but the new plant, operational in 1855, was protected from the river's uncontrolled flow. The factory was equipped with the most up-to-date metalworking machinery available and was capable of turning out 5,000 finished handguns during its first year of operation. Knowledgeable of the latest achievements of New England's world-famous machine-tool industry, Colt lost no time in specifying interchangeable parts, some 80% of which were turned out on precision machinery. Sam Colt is reported to have said, "there is nothing that can't be produced by machine," and his factory's production machinery achieved a remarkably high degree of uniformity for the mid-19th century. Typically, the metal parts of a Colt revolver were designed, molded, machined, fitted,
Status: No Longer Available Reference#: colpatfirarm1
Condition: See Description Year: See Description


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