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Otago Daily Times, Issue 111, 25 March 1862, Page 4

_ Colonel Colt.—The New York papers received in England on the 23rd of January, announces the death of Colonel Samuel Colt, at Hartford, Conn. Mr. Colt was born in the city in which he died, on the 19th of July, 1814. He was tie inventor of the celebrated revolving pistol, the wooden model of which, it is stated, was made on board a vessel while the inventor was on a voyage to Calcutta, in 1829. He received his first patent in 1835, and established a factory in Paterson;N.J., but met with indifferent success. Colonel Colt afterwards invented a submarine torpedo^which was intended for the destruction of vessels. He gave two exhibitions of the power of his new invention m the bay off Castle Garden by blowing up first a schooner and afterwards a large brig- He then established a line of telegraph between New York and Sandy Hook and Montauk; which was intended to announce the arrival of vessels and to facilitate the despatch of important foreign news • but this enterprise failed, and Mr. Colt became reduced in. circumstances. A year or two later he again got possession of his patent for the revolving pistol, and with the assistance of a few capitalists who joined him, a company was formed, and a manufactory established at Hartford, which has proved very successful, not only in the making of pistols, but in the manufacture of a revolving rifle, which was also the invention "of Mr, Colti The factory at-,the present time is supposed to be worth" nearly^five* millions of dollars. Mir. Colt also leaves a large landed estate. • ■ ■ : ■■■■■'<-■':,•

The execution of M'Caffery.for the murder of Col. Crofton and Captain Hanham, at Preston, took place at Liverpool on thellth of January. About 8000 persons-were present to witness the revolting spectacle. The culprit died penitent. ' , ; * - . :