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Colt's Manufacturing Company

 
Gale Directory of Company Histories:

Colt's Manufacturing Company, Inc.

Type: Private Company
Address: P.O. Box 1868, Hartford, Connecticut 06144-1868, U.S.A.
Telephone: (203) 236-6311
Fax: (203) 244-1366
Employees: 925
Sales: $100 million
Incorporated: 1855 as Colt's Patent Fire Arms Manufacturing
SIC: 3484 Small Arms

Colt's Manufacturing Company, Inc. is one of the world's most famous manufacturers of firearms. Weapons made by Colt have played a part in every war involving the United States since the middle of the 19th century, and the Colt revolver, invented by company founder Samuel Colt, is known widely as "the gun that won the West." In addition to its revolvers, the company makes a wide variety of other firearms, including pistols, shotguns, and machine guns. Its M16 line of combat weapons is used by military units all over the world. Founded in 1836, Colt's is one of the oldest companies in Connecticut. The company manufactured 145,000 guns in 1990, making it the seventh largest gun producer in the United States.

Samuel Colt's invention of the revolver represented a major improvement over the flintlock pistols that were the best available until the 1830s. Colt was only 18 years old when he applied for the patent for his revolver in 1832. When the patent was finally approved four years later, Colt immediately opened his first plant with the assistance and backing of his uncle, a successful local businessman. The company was called the Patent Arms Manufacturing Company and located in Paterson, New Jersey. Initially, three revolver models (pocket, belt, and holster) and two rifles (hammer-cocked and finger lever) were offered. Although the first generation of Colt guns performed well, the public apparently had doubts about such an unfamiliar concept in gun technology. Sales remained slow for several years, and Patent Arms Manufacturing Company was out of business by 1842.

When U.S. Dragoon forces and Texas Rangers began battling Indians in Texas in 1845, the Colt company was given its second chance at success. Using Colt firearms, the Rangers and Dragoon fighters defeated the Indians. The U.S. War Department took notice of the superior performance of the Colt guns. As a result, the Army sent Captain Samuel Walker to collaborate with Colt on an improved design when war broke out with Mexico the following year. The Government immediately ordered 1,000 of the new revolver, known as the "Walker Colt." Since Colt did not have a factory at the time, he contracted with Eli Whitney, Jr., the famous inventor's son, for the use of his New Haven, Connecticut factory.

With the successful completion of the government order, Colt was able to set up a new factory of his own in his home town of Hartford, Connecticut. Colt guns quickly became the weapon of choice for such diverse groups as California miners and foreign statesmen. Even at this early stage, Colt demonstrated a genius for marketing and public relations, hiring military officers to promote his guns in other regions, and actively lobbying government officials. By 1851, Colt had set up a factory in England (the first American manufacturer to do so), and work had begun on a larger facility in Hartford. The new plant was completed in 1855, the same year the company was incorporated as Colt's Patent Fire Arms Manufacturing Company. Within two years, Colt's was making 150 guns a day, and Samuel Colt was a millionaire.

Samuel Colt died suddenly in 1862, but the company he founded continued to surge. Colt's widow, Elizabeth Jarvis Colt, and her family maintained control of the company through the rest of the 19th century. From 1865 to 1901, Colt's brother-in-law, Richard Jarvis, served as company president. The Civil War brought huge government purchases to Colt's. In 1867 the company began manufacturing the famous hand-cranked Gatling machine gun. The Colt single action Army Model, a six-shot .45 caliber revolver, was first produced in 1873. That gun gained a huge following almost immediately, and was the model that went down in history as "the gun that won the West."

Many additional models were added to the Colt line during the 1880s, including double-action revolvers, hammerless shotguns, pump action rifles, and revolvers with cylinders that swung out to make loading easier. In 1891, Colt's relationship with inventor John Browning began. The Colt-Browning machine gun, which became known as the "Peacemaker", was first produced in 1895. It eventually replaced the Gatling gun as the top Colt machine gun. Around the same time, Browning began developing a line of automatic pistols for Colt's, and he continued working on new guns for the company for a few more decades.

In 1901, Mrs. Colt sold the company to a group of outside investors based in New York and New England. She died four years later. Under its new management, the company continued to produce guns for the government in huge numbers. Browning developed the Colt 45 automatic pistol in 1911. One of the most popular guns of all time, the Colt 45 was the standard issue sidearm for American troops in both World Wars. It also saw action in later military conflicts, and was a huge success commercially as well. The U.S. Government alone purchased 2.5 million Colt 45 pistols over the years. When the United States entered into World War I in 1917, business boomed to its highest levels yet for Colt's. The company's Browning Automatic Rifle became a big seller to the government. During the war, Colt's workforce swelled to 10,000 people. The company's revenue tripled in the last three years of World War I, and profits soared accordingly.

With the end of the war, Colt's sought to diversify in order to keep production at a high level in the face of shrinking demand for weapons. Printing presses, commercial dishwashers, and plastics were among the products the company began manufacturing after the war. Browning's last invention, an anti-aircraft cannon, came in 1921. Two years later, the company established an electrical division that made, among other things, fuses. Meanwhile, Colt's continued selling guns wherever they were needed.

Like many manufacturing companies, Colt's was devastated by the 1929 stock market crash and the Great Depression that followed. Revolver sales dropped below their pre-World War I levels, and many workers were laid off. A series of events in the second half of the 1930s battered the company even further. In 1935 a bitter and sometimes violent strike took place at the Colt's armory, lasting 13 weeks. A flood in 1936 and a hurricane in 1938 filled the Colt's factory with mud and water and inflicted huge monetary losses on the company.

World War II brought with it huge new government orders for weapons, creating another boom period for Colt's. By 1942, the company's workforce had tripled to 15,000. Those employees worked three shifts, seven days a week at three plants. In spite of the large numbers of pistols and machine guns being turned out for the war effort, Colt's struggled to remain profitable during that last few years of the war. The 1941 unionization of Colt's employees had dramatically increased the company payroll. In addition, production techniques were becoming outmoded. The inexperience of the quickly growing workforce also contributed to efficiency problems. Amazingly, the company was losing money by the later stages of the war. Production was sagging due to ancient machinery, layoffs, and labor squabbles.

When World War II ended, Colt's government orders dried up, leaving the company's finances in shambles. Operating now under the name of Colt's Manufacturing Company, the company spent the postwar years frantically searching for ways to cut costs and improve manufacturing efficiency. The Korean War in the early 1950s provided a rush of business for Colt's, but the surge was only temporary. By the middle of the decade, the company was once again losing money. With losses mounting by the month, Colt's began actively looking for a prospective buyer for the company. In 1955 Colt's was purchased by Penn-Texas Corporation, a holding company controlled by Leopold Silberstein, and one of the first conglomerates.

For the rest of the 1950s, Colt's operated as a wholly owned subsidiary of Penn-Texas. Silberstein lost control of Penn-Texas in 1958, and a year later Penn-Texas changed its name to Fairbanks Whitney, following its acquisitions of two larger companies, Pratt & Whitney, a Connecticut manufacturer; and Fairbanks Morse Company, a diesel engine firm based in Chicago. A major overhaul of the parent company's management in 1964 resulted in yet another name change. Although Colt's represented only a small fraction of the conglomerate's business, the name chosen was Colt Industries, and Colt's became the Firearms Division.

The escalation of the Vietnam conflict in the 1960s brought a new rush of business for the Firearms Division of Colt Industries. The M-16 rifle, developed by Colt in 1959, soon became the standard issue for U.S. armed forces. The first big government order for M-16s came in 1963, when the Air Force agreed to purchase 25,000 of the rifles. By 1966 the Division had 1,600 employees, nearly half of them engaged in putting together M-16s. The company delivered its one millionth M-16 rifle in 1969. That year, the Division was divided into two separate units, one for military production and one for small arms.

When Vietnam began winding down in the early 1970s, Colt was again faced with the pressures of adjusting for peacetime production. The company began to focus more attention on sporting guns, and in 1970, rifles and revolvers for sport generated $17 million in revenue. Around the same time, interest in classic Colt guns as collector's items began to climb. In order to capitalize on this emerging market, the company established its Custom Gun Shop in 1976. The Custom Gun Shop specialized in producing replicas of famous historic Colt guns, such as the ones presented by Samuel Colt to Czar Nicholas I of Russia and to the Sultan of Turkey in the 1850s. By the end of the 1970s, the Custom Gun Shop was generating annual sales of $3 million. For 1977, Colt's Firearms Division recorded $11 million in profit on sales of $77 million, trailing only Winchester, Remington, and Smith & Wesson in volume. Orders from the U.S. Government, however, dried up almost completely that year, and the Division's sales and profits lagged for the rest of the decade.

The slump at the Colt Firearms Division continued into the 1980s. Military demand was still depressed, and Colt was also continuing to lose ground to competitors in the law enforcement market, long one of its most important outlets. In 1982 and 1983 the company laid off 700 employees, half of its total workforce. Rumors of the Division's imminent demise began to circulate. Labor problems made matters even worse. In 1986 workers represented by the United Auto Workers (UAW) began a strike that eventually became the longest in Connecticut history. The company continued operating with replacement workers. Colt suffered a huge blow in 1988 when it lost out to FN Manufacturing Co., a subsidiary of a Belgian company, in the bidding for the U.S. Army contract to make M-16s, its bread-and-butter product. That year, parent Colt Industries went private, with ownership consolidated into the hands of Colt Holdings Inc., a newly created holding company. The Firearms Division was put up for sale soon after.

CF Holding Corporation, a group of private investors led by Shared Technologies Inc. chairman Anthony Autorino, purchased the Firearms Division in 1989 for about $100 million. The newly independent company was christened Colt's Manufacturing Company, Inc., the same name it had carried for a period after World War II. The company quickly resolved the lingering strike, reinstating striking workers and giving the UAW three seats on the board of directors. As part of the transaction, a Connecticut state pension fund paid $25 million for 47 percent ownership of Colt's. With new management intact and labor disputes under control for the time being, Colt's set out to win back some of its lost police business and stake out more ground in the sporting gun market.

Sales remained hard to come by in the early 1990s, however. Colt handguns had a difficult time finding a niche in a market flooded with cheap handguns and more sophisticated semi-automatic weapons. Colt products were considered either too expensive or too old-fashioned by many police departments and other potential buyers. Under the burden of a growing debt load, Colt's filed for Chapter 11 bankruptcy protection in 1992. While in bankruptcy, the company took measures to streamline its operations while updating its manufacturing equipment. Colt's suffered a setback in 1993 when the semi-automatic, military-styled Sporter--the company's best selling rifle--was banned in Connecticut, its home state.

In spite of that ban and potential bans in other states, Colt's was able to emerge from bankruptcy in 1994 when it was purchased by a partnership headed by the New York investment firm Zilkha & Company. The partnership acquired an 85 percent stake in Colt's. Whether Colt's new ownership can return the company to the exalted position it once held among gunmakers remains to be seen. Even during one of the most humble periods of its business history, the Colt name continues to evoke a sense of historical import and a great deal of respect among gun enthusiasts, regardless of the difficulties the company has encountered in recent times.

Further Reading

Bryant, Adam, "Colt's in Bankruptcy Court Filing," New York Times, March 20, 1992, p. 1D.

------, "Colt's New Chief Likes to Fix Businesses," New York Times, May 15, 1992, p. 5D.

"Colt's Manufacturing is Officially Out of Chapter 11," New York Times, October 1, 1994, p. 19.

"Firm to Sell Firearms Unit to Some Private Investors," Wall Street Journal, November 29, 1989, p. 5B.

Grant, Ellsworth S., The Colt Legacy, Providence, R.I.: Mowbray Company, 1982.

Johnson, Kirk, "Crying Betrayal in Hartford, Colt Faces Uncertain Future," New York Times, June 12, 1993, p. 1.

Manges, Michelle, "Connecticut State Pension Fund Buys 47% Holding in a Firearms Company," Wall Street Journal, March 23, 1990, p. 14.

Verespej, Michael A., "Colt's New Rider," Industry Week, October 1, 1990, p. 14.

Wilson, R. L., The Colt Heritage, New York: Simon and Schuster, 1979.

— Robert R. Jacobson


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Trademark a type of revolver.

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Colt's Manufacturing Company

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Colt's Manufacturing Company
Type Private
Industry Defense
Founded 1836
Founder(s) Samuel Colt
Headquarters West Hartford, Connecticut, USA
Products Firearms, weapons
Revenue increase
Employees ~ (2004)
Website www.coltsmfg.com

Colt's Manufacturing Company (CMC, formerly Colt's Patent Firearms Manufacturing Company) is a United States firearms manufacturer, whose first predecessor corporation was founded in 1836 by Samuel Colt. Colt is best known for the engineering, production, and marketing of firearms over the later half of the 19th and the 20th century. Colt's earliest designs played a major role in the popularization of the revolver and the shift away from earlier single-shot pistols. While Sam Colt did not invent the revolver concept, his designs resulted in the first very successful ones.

The most famous Colt products include the Walker Colt, Single Action Army or Peacemaker, and the Colt Python. John Browning worked for Colt for a time, and came up with a design for a semiautomatic pistol, which debuted as the Colt M1900 pistol and eventually evolved into the Colt M1911 pistol. Though they did not develop it, for a long time Colt was primarily responsible for all M16 rifle production, as well as of many derivative firearms. The most successful and famous of these are numerous M16 carbines, including the Colt Commando family, and the M4 carbine.

In 2002, Colt Defense was split off from Colt's Manufacturing Company. Colt Manufacturing Company now serves the civilian market, while Colt Defense serves the law enforcement, military, and private security markets worldwide.

Contents

History

19th century

1830s–1850s

Samuel Colt received a British patent on his improved design for a revolver in 1835,[1] and two U.S. patents in 1836, one on February 25 (later numbered U.S. Patent 9430X) and another on August 29 (U.S. Patent 1,304). That same year, he founded his first corporation for its manufacture, the Patent Arms Manufacturing Company of Paterson, New Jersey, Colt's Patent.[2] This corporation suffered quality problems in production. Making firearms with interchangeable parts was still rather new (it had reached commercial viability only about a decade before), and it was not yet easy to replicate across different factories. Interchangeability was not complete in the Paterson works, and traditional gunsmithing techniques did not fill the gap entirely there. The Colt Paterson revolver found patchy success and failure; some worked well, while others had problems. The United States Marine Corps and United States Army reported quality problems with these earliest Colt revolvers.[2][3] Production had ended at the New Jersey corporation by 1842.[2]

Colt made another attempt at revolver production in 1846 and submitted a prototype to the US government. During the Mexican–American War (1846–1848), this prototype was seen by Captain Samuel Hamilton Walker who made some suggestions to Colt about making it in a larger caliber. Having no factory or machinery to produce the pistols, Samuel Colt collaborated with the Whitney armory of Whitneyville, Connecticut.[2] Whitney armory was run by the family of Eli Whitney. Eli Whitney Jr (born 1820), the son of the cotton-gin-developer patriarch, was the head of the family armory and a successful arms maker and innovator of the era. Colt used a combination of renting the Whitney firm's facilities and subcontracting parts to the firm to continue his pursuit of revolver manufacture.[4]

Colt's new revolvers found favor with Texan volunteers (the progenitors of later Texas Rangers cavalry groups), and they placed an order for 1,000 revolvers that became known as the Walker Colt, ensuring Colt's continuance in manufacturing revolvers.[3] In 1848, Colt was able to start again with a new corporation of his own. He founded the Colt's Patent Firearms Manufacturing Company in Hartford, Connecticut.[2]

Colt's Armory from an 1857 engraving viewed from the East

Colt purchased a large tract of land beside the Connecticut River, where he built his first factory in 1848, a larger factory called the Colt Armory in 1855, a manor that he called Armsmear in 1856, and employee tenemant housing.[2] He established a ten-hour day for employees, installed washing stations in the factory, mandated a one-hour lunch break, and built the Charter Oak Hall, a club where employees could enjoy games, newspapers, and discussion rooms. Colt ran his plant with a military-like discipline, he would fire workers for tardiness, sub-par work or even suggesting improvements to his designs.

In an attempt to attract skilled German workers to his plant, Colt built a village near the factory away from the tenemants which he named Coltsville and modeled the homes after a village in Pottsdam. In an effort to stem the flooding from the river he planted German osiers, a type of willow tree in a 2-mile long dike. He subsequently built a factory to manufacture wicker furniture made from these trees.

The 1850s were a decade of phenomenal success for the new Colt corporation. Colt was the first to widely commercialize the total use of interchangeable parts throughout a product and use the assembly line.[5] It was a major innovator and training ground in manufacturing technology in this decade (and several after).[6] Soon after establishing his Hartford factory, Colt set out to establish a factory in Europe and chose London, England. He organized a large display of his firearms at the Great Exhibition of 1851 at Hyde Park, London and ingratiated himself by presenting cased engraved Colt revolvers to such appropriate officials as Britain’s Master General of the Ordnance.[7] At one exhibit Colt disassembled ten guns and reassembled ten guns using different parts from different guns. As the world’s leading proponent of mass production techniques, Colt went on to deliver a lecture on the subject to the Institute of Civil Engineers in London.[8] The membership rewarded his efforts by awarding him the Telford Gold Medal.[9]

Colt's presence in the British market caused years of acrimony and lawsuits among British arms makers, who doubted the validity of Colt's British patent and the desirability of the American system of manufacturing. It took many more years and a UK government commission before the point became universally accepted that such manufacture was possible and economical.[10] Colt opened his London plant on the Thames River and began production on January 1, 1853.[11] the English saw Colt’s advanced steampowered machinery as proof of America’s growing position as a leader in modern industrial production.[11] On a tour of the factory, Charles Dickens was so impressed with the facilities that he recorded his favorable comments of Colt's revolvers in an 1852 edition of Household Words.[12] Most significant, the Colt factory’s machines mass-produced interchangeable parts that could be easily and cheaply put together on assembly lines using standardized patterns and gauges by unskilled labor as opposed to England's top gunmakers.[13]

In 1854 the British Admiralty ordered 4,000 Navy Model Colt revolvers.[14] In 1855 the British Army placed an order for 5,000 of these revolvers for army issue.[14] Despite a following order later in the year for an additional 9,000 revolvers, Colt failed to convince the British to adopt his revolver as the issue sidearm for the army.[14] Colt began to realize that British sales were failing to meet his expectations. Unable to justify the London factory’s expenses, Colt closed the London factory in 1856. Over the next few months his workmen crated and shipped the machinery and unassembled firearms back to America.[10]

Though the U.S. was not directly involved in the Crimean War (1854–1856), Colt's weapons were used by both sides. In 1855 Colt unveiled new state-of-the-art armories in the Hartford and London factories stocked with the latest machine tools (some of which were of Colt's devising), many built by Francis A. Pratt and Amos Whitney, who would found the original Pratt & Whitney toolbuilding firm a few years later. For example, the Lincoln miller debuted to industry at these armories.[6]

Colt had set up libraries and educational programs within the plants for his employees.[15] Colt's armories in Hartford were seminal training grounds for several generations of toolmakers and other machinists, who had great influence in other manufacturing efforts of the next half century.[6][10] Prominent examples included F. Pratt and A. Whitney (as mentioned above); Henry Leland (who would end up at Cadillac and Lincoln); Edward Bullard Sr of the Bullard firm; and, through Pratt & Whitney, Worcester R. Warner and Ambrose Swasey (of Warner & Swasey).

In 1860 Colt produced a new revolver model for the United States Army.[16] This Colt Army Model 1860 appeared just in time for the American Civil War.

1860–1865: American Civil War

The American Civil War was a boon to firearms manufacturers such as Colt's and the company thrived during the conflict. Sam Colt had carefully developed contacts within the ordnance department signing the very first government contract for 25,000 rifles. Colt's Factory was described as "an industrial palace topped by a blue dome" and powered by a 250-horsepower steam engine.[14] During the American Civil War Colt had 1,500 employees who produced 150,000 muskets and pistols a year. In 1861 and 1863 the company sold 107,000 of the Colt Army Model 1860, alone, with production reaching 200,500 by the end of the war in 1865.[17][18] In 1855 an employee of Colt's, Rollin White, came up with the idea of having the revolver cylinder bored through to accept metallic cartridges. He took this idea to Colt who flatly rejected it and ended up firing White within a few years.[19] Colt historian RL Wilson has described this as the major blunder of Sam Colt's professional life.[20]

The Civil War made a huge fortune for the company, becoming America's first manufacturing tycoon, but Sam Colt did not live to see the end of it. He died of rheumatic fever on January 10, 1862 and his close friend and firearms engineer, Elisha K. Root, took over as Colt's company president. On February 4, 1864 a fire destroyed most of the factory including arms, machinery, plans, and factory records.[21] On September1, 1865 Root died leaving the company in the hands of Samuel Colt's brother-in-law, Richard Jarvis.[22] The company's Vice-president was William B. Franklin, who recently left the Army at the end of the Civil War. With the Civil War over and no new military contracts Colt's Manufacturing had to lay off over 800 employees.[23]

The company found itself in a precarious situation, the original revolver patents had expired and other companies could produce copies of his designs. Additionally, metallic cartridge revolvers had been gaining in popularity, but Colt could not produce any because of the Rollin White patent held by rival, Smith & Wesson. Likewise, Colt had been so protective of its own patents that other companies were unable to make revolvers similar to their design. As the Rollin White patent was nearing expiration, Colt moved toward developing a metallic cartridge revolver.[24]

1865–1880s: Post–Civil War

Factory-engraved Colt SAA

In November 1865, Franklin attempted to purchase a license to the Rollin White patent from competitor Smith & Wesson. White and Smith & Wesson would take no less than $1.1 million, but Franklin and Colt's directors decided it was too large an investment on a patent that would expire in 1868.[24] In the meantime, Colt turned its attention to manufacturing goods other than firearms, such as watches, sewing machines, typewriters and bicycles.[25][26]

Colt's first effort toward a metallic cartridge revolver was by conversion of existing percussion revolvers. The first of these conversions was patented on September 15, 1868 by Colt engineer, F. Alexander Thuer as patent number 82258. The Thuer conversion was made by milling off the rear of the receiver and replacing it with a breechplate containing six internal firing pins. The cartridges were loaded through the mouths of the chambers. Colt made 5000 of these but they were not well accepted. Colt found the mechanism so complex it included a spare percussion cylinder with each revolver.[23]

Colt tasked its superintendent of engineering, Charles Richards, to come up with a solution. The Richards conversion was performed on the Colt 1860 Army revolver. The caliber was .44 Colt and the loading lever was replaced by an ejector rod. This conversion added a breechplate with a firing pin and a rear sight mounted on the breechplate. Cartridges were loaded into the cylinder one at a time via a loading gate. Colt manufactured 9000 of these revolvers between 1873 and 1878. In 1873, Colt performed the same conversion on the M1851 and M1861 revolvers for the US Navy in .38 rimfire.[27] Another of Colt's engineers, William Mason, improved this conversion by placing the rear sight on the hammer and, along with Richards, he was granted patents in 1871 to convert percussion revolvers into rear-loading metallic-cartridge revolvers. Those converted revolvers are identified as the "Richards-Mason conversion".[28] There were approximately 2100 Richards-Mason M1860 Army conversions made from 1877 to 1878 in a serial-number range 5800 to 7900.[28]

After working on these conversions, Mason began work on Colt's first metallic-cartridge revolver in 1871: the Colt open-top revolver. This was a completely new design and the parts would not interchange with the older percussion pistols. Mason moved the rear sight to the rear of the barrel as opposed to the hammer or the breechblock of the earlier efforts. The caliber was .44 rimfire and it was submitted to the US Army for testing in 1872. The Army rejected the pistol and asked for a more powerful caliber with a stronger frame. Mason redesigned the frame to incorporate a topstrap, similar to the Remington revolvers, and placed the rear sight on the rear of the frame; he consulted with Richards on some other improvements. The first prototype was chambered in .44 rimfire, but the first model was in the newest caliber known as the .45 Colt. The revolver was chosen by the Army in 1872, with the first order, for 8000 revolvers, shipping in the summer of 1873.[29] The Colt Single Action Army or "Peacemaker" was one of the most prevalent firearms in the American West during the end of the 19th century. Colt still produces this firearm, in six different calibers, two finishes and three barrel lengths.[29]

In 1870 Colt had bought the National Arms Company, a Brooklyn, New York company known for manufacturing derringers and for circumventing the Rollin White patent by utilizing a unique cartridge. Colt continued to produce the .41 Rimfire derringer after the acquisition, as an effort to help break into the metallic-cartridge gun market. In addition to the derringers, Colt released a subsequent design called its “New Line” revolver models, based on William Mason's patents which debuted in 1873.[30]

After the success of the Colt Single Action Army and Colt's conversion of existing percussion revolvers to Richards-Mason conversions, Mason went on to design Colt's first Double-action revolver, the Colt M1877. Following this, he once again teamed up with Richards to produce a larger-framed version, the Colt M1878 Frontier. It was Colt's first large-frame, double-action revolver. It combined the front end of the Single Action Army revolver with a double-action, 6-shot frame mechanism. It was available commercially in numerous calibers.[31]

The 1870s and 1880s provided sales opportunity to the Colt company via the spread of European-American society ever further westward across the continent, and the demand for firearms that it engendered in various ways. As white Americans displaced Indians from the Indian Territory, both sides were eager for firearms. On the white side, both the U.S. Army and civilians were customers of Colt. The Army carried Colt revolvers through the last of its Indian Wars. On the Indian side, Colt weapons were captured when possible, or bought from whoever was selling. Even among whites in towns where Indians had been vanquished, a thriving demand for guns existed, from the criminals to the police to self-defending civilians. Memoirs of Americans including Walter Chrysler and Jack Black speak of what it was like growing up in Western towns where most people had guns and open carry was common (such as in Kansas and Missouri, which were considered "out West" at the time—now considered the Old West).

1890s

Colt finally left the "loading gate concept" for a swing-out cylinder on its revolvers with the Colt M1889 Navy revolver, which resembled the Colt M1878 and was based on another design by Mason. The model was produced for three years between 1889 and 1892, and eclipsed by the Colt M1892 chambered in .38 Long Colt. The M1892 was replaced by the New Service Double Action revolver in 1899. In caliber .45 Colt, the New Service was accepted by the U.S. Military as the Model 1909 .45 revolver. The New Service revolver was available in other calibers such as .38 Special and, later in the 20th century, .45 ACP (as the M1917 revolver) and .357 Magnum.[32]

Under a contract with the U.S. Army, Colt Arms built the Model 1895 ten-barrel variant of the Gatling Gun, capable of firing 800-900 .30 Army rounds per minute, and used with great effect at the Battle of San Juan Hill.[33] The M1895 Colt-Browning machine gun or "Potato Digger" was built by Colt. The Colt-Browning was one of the first gas-operated machine guns, originally invented by John Browning. It became the first automatic machine gun adopted by the United States and saw limited use by the U.S. Marine Corps at the invasion of Guantánamo Bay and by the 1st Volunteer Infantry in the Santiago campaign during the Spanish-American War. In 1901, Elizabeth Jarvis Colt sold the company to a group of outside investors based in New York and Boston.[34]

20th century

1900–1920s

Model of 1911 Colt Pistol, U.S. Army, first year of production (1912)

During World War I, Colt surpassed all previous production achievements. Prior to America's entry into the war, orders from Canada and the United Kingdom swelled the backlog of orders to three years. Colt hired 4,000 more workers, making a total of 10,000 employees—and its stock's price increased by 400%. By 1918, Colt had produced and sold 425,500 of the John Browning-designed M1911. Because the factory could not keep up with demand for this pistol, the US Military decided to accept Colt New Service revolvers in caliber .45 ACP, called the M1917 revolver, as a substitute weapon. Competing manufacturer Smith & Wesson made double-action revolvers in .45 ACP, which were accepted and issued by the U.S. military under the same name. Colt produced 151,700 revolvers during the war as well as 13,000 Maxim-Vickers machine guns and 10,000 Browning machine guns with an additional 100,000 under subcontract to other companies. Since Auto Ordnance had no tooling for production, Colt acquired the license for the Thompson 1921 SMG and made 15,000 units in the first production year.[4]

The stock market crash of 1929 and the ensuing Great Depression resulted in a slowing down of production for Colt. In anticipation of this, company presidents William Skinner and Samuel Stone implemented a diversification program similar to that done at the close of the American Civil War. Colt acquired contracts for business machines, calculators, dishwashers, motorcycles, and automobiles; all marketed under a name other than Colt. Samuel Stone acquired a firm which manufactured plastics and renamed it "Colt rock" as well as a company that manufactured electrical products. Colt weathered the financial crises of the time by cutting the work week, reducing salaries, and keeping more employees on the payroll than they needed. These measures kept the company in business but ate up the cash surplus they had acquired during the World War I years.[4]

1930s: Great Depression

In 1935, after employees voted to disband a labor union, 1,000 workers went on strike for 13 weeks. Strikers became violent, attacking workers and detonating a bomb in front of company president Samuel M. Stone's house. The company set up a barracks, dining room, and recreation room for workers within the Colt Armory during the strike. On June 3, 1935 the National Recovery Administration ruled that the company was within its rights not to deal with the union and the strike ended. In the year following the strike, the factory was hit by a hurricane and flood. Many company shipping records and historical documents were lost as a result.[35]

1939–1945: World War II

At the beginning of World War II, Colt ceased production of the Single Action Army revolver to devote more time to filling orders for the war. During the war Colt manufactured over 629000 M1911A1 pistols as well as a large number of M1917 water-cooled machineguns.[36] The company had a workforce of 15,000 men and women in three factories and production ran on three shifts, 24 hours a day, and won the Army-Navy rating of "E" for excellence.[37] However, the company was losing money every year due to mismanagement, an embittered workforce that had been stretched to its limits, and manufacturing methods which were becoming obsolete.[4]

1945–1950s

As the war ended and demand for military arms came to a halt, production literally ceased. Many long-time workers and engineers retired from the company and nothing was built from 1945 to 1947. Mismanagement of funds during the war had a serious impact as the 105-year-old firm faced possible bankruptcy. In September 1955 the board of directors voted to merge Colt with an upstart conglomerate called Penn-Texas, which had acquired Pratt & Whitney Machine Tool the same year. In 1958 Penn-Texas merged with Fairbanks-Morse to form the Fairbanks-Whitney Corporation and in 1964 the conglomerate reorganized as Colt Industries. In 1956 Colt resumed production of the Single Action Army revolver and in 1961 began making commemorative versions of their classic models.[38][4]

1960s–1970s

The 1960s were boom years for Colt with the escalation of the Vietnam War, Robert McNamara shutting down the Springfield Armory, and the U.S. Army's subsequent adoption of the M16, for which Colt held the production rights and would sell over 5 million units worldwide. Colt would capitalize on this with a range of AR-15 derivative carbines. They developed AR-15-based Squad Automatic Weapons, and the Colt SCAMP, an early PDW design. The Colt XM148 grenade launcher was created by Colt's design project engineer, gun designer Karl R. Lewis. The May 1967 "Colt's Ink" newsletter announced that he had won a national competition for his selection and treatment of materials in the design. The newsletter stated in part "In only 47 days, he wrote the specifications, designed the launcher, drew all the original prints, and had a working model built". At the end of the 1970s, there was a program run by the Air Force to replace the M1911A1. The Beretta 92S won, but this was contested by the Army. The Army ran their own trials, leading eventually to the Beretta 92F being selected as the M9.[39]

1980s–1990s

The 1980s were fairly good years for Colt, but the coming end of the Cold War would change all that. Colt had long left innovation in civilian firearms to their competitors, feeling that the handgun business could survive on their traditional revolver and M1911 designs. Instead, Colt focused on the military market, where they held the primary contracts for production of rifles for the US military. This strategy dramatically failed for Colt through a series of events in the 1980s. In 1984, the U.S. military standardized on the Beretta 92F. This was not much of a loss for Colt's current business, as M1911A1 production had stopped in 1945. Meanwhile, the military rifle business was growing because the U.S. military had a major demand for more upgraded M16s, the M16A2 model had just been adopted and the Military needed hundreds of thousands of them.[40][39]

In 1985, Colt's workers, members of the United Auto Workers went on strike for higher wages. This strike would ultimately last for five years, and was one of the longest running labor strikes in American history.[41] With replacement workers running production, the quality of Colt's firearms began to decline. Dissatisfied with Colt's production, in 1988 the U.S. military awarded the contract for future M16 production to Fabrique Nationale.[42]

Some criticized Colt's range of handgun products in the late 1980s as out of touch with the demands of the market, and their once-vaunted reputation for quality had suffered during the UAW strike. Colt's stable of double-action revolvers and single-action pistols was seen as old-fashioned by a marketplace that was captivated by the new generation of "wondernines" - high-capacity, 9x19mm Parabellum caliber handguns, as typified by the Glock 17. Realizing that the future of the company was at stake, labor and management agreed to end the strike in an arrangement that resulted in Colt being sold to a group of private investors, the State of Connecticut, and the UAW itself.[43]

The new Colt first attempted to address some of the demands of the market with the production in 1989 of the Double Eagle, a double-action pistol heavily based on the M1911 design, which was seen as an attempt to "modernize" the classic Browning design. Colt followed this up in 1992 with the Colt All American 2000, which was unlike any other handgun Colt had produced before—being a polymer-framed, rotary-bolt, 9x19mm handgun with a magazine capacity of 15 rounds. It was designed by Reed Knight, with parts manufactured by outside vendors and assembled by Colt; its execution was disastrous. Early models were plagued with inaccuracy and unreliability, and suffered from the poor publicity of a product recall. The product launch failed and production of the All American 2000 ended in 1994.[44][45] This series of events led to the company's Chapter 11 bankruptcy in 1992.[46]

The 1990s brought the end of Cold War, which resulted in a large down turn for the entire defense industry. Colt was hit by this downturn, though it would be made worse later in the 1990s by a boycott by the shooting public in America. In 1994, the assets of Colt were purchased by Zilkha & Co, a financial group owned by Donald Zilkha. It was speculated that Zilkha's financial backing of the company enabled Colt to begin winning back military contracts. In fact during the time period it won only one contract, the M4 carbine. However, the U.S. Military had been purchasing Colt Carbines for the past 30 years (See Colt Commando). During a 1998 Washington Post interview, CEO Ron Stewart stated that he would favor a federal permit system with training and testing for gun ownership. This led to a massive grass-roots boycott of Colt's products by gun stores and US gun owners.[47]

Zilkha replaced Stewart with Steven Sliwa and focused the remainder of Colt's handgun design efforts into "smart guns," a concept favored politically, but that had little interest or support among handgun owners or Police Departments. This research never produced any meaningful results due to the limited technology at the time.[47] Colt announced the termination of its production of double action revolvers in October 1999.

21st century

2000–present

The boycott of Colt gradually faded out after William M. Keys, a retired U.S. Marine Lt. General, took the helm of the company in 2002. Keys salvaged Colt's reputation and brought Colt from the brink of bankruptcy to an international leader in Defense production.[47] In 2010 Gerald R. Dinkel replaced Keys as CEO, while Keys remained on the Board of Directors for Colt Defense.[48]

Colt has to compete with other companies that make M1911-style pistols such as Kimber and AR-15 rifles such as Bushmaster. Bushmaster has subsequently overtaken Colt in the number of AR-15s sold on the civilian market. Colt suffered a legal defeat in court when it sued Bushmaster for trademark infringement claiming that "M4" was a trademark that it owned. The judge ruled that since the term M4 is a generic designation that Colt does not specifically own, Colt had to pay monetary reimbursement to Bushmaster to recoup Bushmaster's legal fees. The M4 designation itself comes from the U.S. military designation system, whose terms are in the public domain.[40]

Colt has entered in several US contracts with mixed results. For example, Colt had an entry in the Advanced Combat Rifle (ACR) program of the 1980s, but along with other contestants failed to replace the M16A2. Colt and many other makers entered the US trials for a new pistol in the 1980s, though the Beretta entry would win and become the M9 Pistol. The Colt OHWS handgun was beaten by H&K for what became the MK23 SOCOM, it was lighter than the H&K entry but lost in performance. Colt did not get to compete for the XM8 since it was not an open competition. Colt is a likely entrant in any competition for a new US service rifle. Current M16 rifles have been made primarily by FN USA since 1988. However, Colt remains the sole source for M4 carbines for the US military. Under their license agreement with Colt, the US military could not legally award second-source production contracts for the M4 until July 1, 2009.[40]

Colt Presidents

Handguns

The years in brackets indicate the year when production started, not the year of the model's patent.

Colt Python Silhouette .357 Magnum
Colt Anaconda .44 Magnum

Long guns

Colt manufactured several military long arms under contract including the M1918 BAR and Thompson SMG.

See also

References

  1. ^ Roe 1916, p. 166.
  2. ^ a b c d e f Hounshell 1984, p. 47.
  3. ^ a b Roe 1916, pp. 166–169.
  4. ^ a b c d e Grant, Ellsworth (2002). "Colt Samuel (1814-1862)". In Gregg Lee Carter. Guns in American Society: An Encyclopedia of History, Politics, Culture, and the Law. 1. ABC-CLIO. p. 128. ISBN 9781576072684. 
  5. ^ Lehto (2008). p. 30. "However, Samuel Colt gave us an even greater invention: the first assembly line" 
  6. ^ a b c Roe 1916, pp. 164-185.
  7. ^ Auerbach, Jeffrey A. (1999). The Great Exhibition of 1851: a nation on display. Yale University Press. p. 123. ISBN 9780300080070. 
  8. ^ Houze (2006) p.83
  9. ^ Barnard, Henry (1866). Armsmear: the home, the arm, and the armory of Samuel Colt: A memorial. 53. Alvord Printer. p. 120. 
  10. ^ a b c Hounshell 1984, pp. 15–65.
  11. ^ a b Haven, Charles Tower; Frank A. Belden (1940). A history of the Colt revolver: and the other arms made by Colt's patent fire arms manufacturing company from 1836 to 1940. W. Morrow & company. p. 86. 
  12. ^ Dickens, Charles (1854). "Guns and Pistols". Household Words (Bradley and Evans) 4: 583. "Among the pistols, we saw Colt's revolver; and we compared it with the best English revolver. The advantage of Colt's over the English is, that the user can take a sight ; and the disadvantage is, that the weapon requires both hands to fire" 
  13. ^ Great stories of American businessmen, from American heritage: the magazine of history. Madison, Wisconsin: American Heritage. 1972. p. 95. 
  14. ^ a b c d Kinard (2004) p.154
  15. ^ Lendler (1997) p. 17
  16. ^ Smith 1968.
  17. ^ Flayderman (2007) p.94
  18. ^ Garrison, Webb (2011). Curiosities of the Civil War: Strange Stories, Infamous Characters and Bizarre Events. Thomas Nelson Inc. p. 452. ISBN 9781595553591. 
  19. ^ Ware, Donald L. (2007). Remington army and navy revolvers, 1861-1888. UNM Press. p. 231. ISBN 9780826342805. 
  20. ^ Boorman (2004)p.36
  21. ^ Grant, Ellsworth (2006). Connecticut Disasters: True Stories of Tragedy and Survival. Globe Pequot. p. 72. ISBN 9780762739721. 
  22. ^ Houze, Herbert G. (2006). Carolyn C. Cooper, Elizabeth Mankin Kornhauser. ed. Samuel Colt: arms, art, and invention. Yale University Press. p. 84. ISBN 9780300111330. 
  23. ^ a b Kinard (2004) p.124
  24. ^ a b Walter, John (2006). The Guns That Won the West: Firearms on the American Frontier, 1848-1898. MBI Publishing Company. p. 157. ISBN 9781853676925. 
  25. ^ Houze (2006) p.6
  26. ^ Smith, Merrit Roe (1999). "Samuel Colt". In John Whiteclay Chambers, Fred Anderson. The Oxford companion to American military history. Oxford University Press. p. 159. ISBN 9780195071986. 
  27. ^ Sapp (2007)p. 54
  28. ^ a b Sapp (2007)p. 55
  29. ^ a b Taffin, John (2005). Single Action Sixguns (2 ed.). Iola, Wisconsin: Krause Publications. pp. 38–39. ISBN 9780873499538. 
  30. ^ Sapp (2007)pp. 59-60, 64
  31. ^ Kinard, Jeff (2004). Pistols: an illustrated history of their impact. ABC-CLIO. p. 163. ISBN 9781851094707. 
  32. ^ Sapp (2007) pp. 96-97
  33. ^ Parker 1898, pp. 131–138.
  34. ^ Grant, Tina (1996). "Colt's Manufacturing Company Inc.". In Thomas Derdak. International Directory of Company Histories. St. James Press. pp. 70–72. ISBN 9781558623279. 
  35. ^ Lendler (1997) pp. 18-19
  36. ^ Thompson, Leroy Thompson (2011). The Colt 1911 Pistol. Osprey Publishing. p. 43. ISBN 9781849084338. 
  37. ^ Sapp(2007) pp. 48-49
  38. ^ Grant, Ellsworth S. (1982). "The Takeover". The Colt legacy: the Colt Armory in Hartford, 1855-1980 pages=177-179. Mowbray Co.. ISBN 9780917218170. 
  39. ^ a b Ayoob, Massad (2007). The Gun Digest Book of Combat Handgunnery (6 ed.). Iola: Gun Digest Books. pp. 218–220. ISBN 9780896895256. 
  40. ^ a b c Rottman, Gordon; Alan Gilliland, Johnny Shumate (2011). Title The M16 Weapon Series. Osprey Publishing. pp. 37–38, 43. ISBN 9781849086905. 
  41. ^ Lendler (1997) pp. 25-27
  42. ^ Lendler (1997) pp. 21-22
  43. ^ Hillstrom, Kevin (1994). Encyclopedia of American Industries: Manufacturing industries. 1. Gale Research. p. 859. ISBN 9780810389984. 
  44. ^ Hopkins, Cameron (2001). "Kimber Ultra Ten II". American Handgunner. http://www.findarticles.com/p/articles/mi_m0BTT/is_152_25/ai_72293269. Retrieved 2007-02-26. ""Some have been design breakthroughs,...while others have been utterly uninspiring, like the defunct Colt All-American 2000."" 
  45. ^ "Colt's renames Cadet pistol - Colt's Manufacturing Company Inc.'s Colt .22 Single Action pistol". Shooting Industry. 1994. http://www.findarticles.com/p/articles/mi_m3197/is_n4_v39/ai_15404105. Retrieved 2007-02-25. ""The gun was selling at the rate of 10-12,000 units per year, and for a manufacturer of our size, with 900 employees, it was not enough"" 
  46. ^ "The legend lives on - Colt files for bankruptcy". Shooting Industry. 1992. http://www.findarticles.com/p/articles/mi_m3197/is_n5_v37/ai_12306439. Retrieved 2007-02-26. 
  47. ^ a b c Brown, Peter H.; Daniel G. Abel (2003). Outgunned: up against the NRA : the first complete insider account of the battle over gun control. Simon and Schustes. pp. 63–65. ISBN 9780743215619. 
  48. ^ "Colt Defense LLC Announces Gerald R. Dinkel as President and Chief Executive Officer of the Company". Business Wire. 2010. http://findarticles.com/p/articles/mi_m0EIN/is_20101014/ai_n55559608/. Retrieved 11 October 2011. 

Bibliography

General

  • Flayderman, Norm (2001), Flayderman's Guide to Antique American Firearms... and their values, Iola, WI, USA: Krause Publications, ISBN 0-87349-313-3. 
  • Parker, John H. (Lt.) (1898), History of the Gatling Gun Detachment, Kansas City, MO, USA: Hudson-Kimberly Publishing Co. 
  • Parsons, John E.; du Mont, John S. (1953), Firearms in the Custer battle, Harrisburg, PA, USA: Stackpole Books, LCCN 53-010563. 
  • Sapp, Rick (2007), Standard Catalog of Colt Firearms, F+W Media, Inc,, ISBN 9780896895348 
  • Smith, W.H.B. (Walter Harold Black) (Ed.) (1968), Book of Pistols and Revolvers. Completely Up-dated by Joseph E. Smith. (7th ed.), Harrisburg, PA, USA: Stackpole Books, LCCN 68-018959. 

Colt's influence on manufacturing technology

External links


 
 

 

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$copyright.smallImage.alttext Gale Directory of Company Histories. International Directory of Company Histories. Copyright © 2006 by The Gale Group, Inc. All rights reserved.  Read more
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