Caldwell
Colt, an ill-fated, carousing playboy/yachtsman of the Gilded Age and
sole surviving child of Sam and Elizabeth Colt, sailed the world before his mysterious death at sea on his yacht the DAUNTLESS, He was 36.
Caldwell, born in 1858, was
smothered in attention and love, pampered by
his mother and aunts. There was no financial limits for
little Caldwell. His father, Sam, had officially become a
millionaire in 1856, two years before the little prince was born.
Elizabeth,
who was widowed when Sam died at age 47 in 1862, hoped Caldwell would
eventually lead Colt's Armory triumphantly into the next generation,
carrying on the industrious traditions of his father. In 1888, at 29,
Caldwell was made a vice president of Colt's, a step Elizabeth
hoped would lead to the continuation of the family reign.
The
Hartford Daily Times -- a devoted friend of Sam Colt in his early
battles with Hartford's establishment, which opposed vulgar
manufacturing interests ( the established upper class looked down on businessmen as well as workers) -- rather prematurely praised Caldwell for his
``energy and executive ability'' while expressing the hope that ``his
influence in promoting the prosperity of this great company will be
great.''
Such would not be the case, as
Caldwell who
``became a stereotypical icon of foppish indulgence whose fame
was earned by his courage and audacity as a celebrated yachtsman,''
co-curator William Hosley writes in his exhibition catalog, ``Colt: The
Making of an American Legend.''
Caldwell
focused his energies on sailing, hunting and gambling while basking in
his reputation as a bold yachtsman, sportsman and bon vivant renowned
for his lavish entertainments.
Caldwell
had his first yacht at 18 and eventually owned five, including the
famous Dauntless, once owned by Commodore James Gordon Bennett, the
American newspaper baron. During Caldwell's lifetime, Hosley notes, ``he
spent at least $250,000 (today $8.75 million) on yachts, equipage, and
crews averaging an estimated 10 months a year sailing.''
Between
1881 and 1883, the devoted son and doting mother made the Grand Tour of
Europe so popular with affluent Americans, crossing the Mediterranean
aboard the Dauntless. Mother and son visited Spain, Italy, France and
Scandinavia, swooping up European decorative art treasures, which are mostly
now on display in museums.
In
1887, in one of the great trans-Atlantic races in American yachting
history, Caldwell pitted his Dauntless unsuccessfully against the
Coronet, wagering $10,000 he'd win. In what Hosley calls ``an almost
suicidal attempt to defeat the Coronet,'' Caldwell captained the
Dauntless ``through an ordeal in which the crew, driven night and day
through often terrible weather, ended up subsisting on champagne and
wine after their water supply was lost.'' The Coronet was a newer design which out classed the Dauntless.
Caldwell died mysteriously while cruising off Florida in the Dauntless.
John Schmitt CSA PO BOX 4002 COLESVILLE MD 20914.