This exceptional revolver is one of a select few of the silver banded variations of the reported 1,000 Texas Paterson revolvers manufactured by Samuel Colt's Patent Arms Manufacturing Company from 1838-40. The No. 5 Holster Model revolvers were the largest of all the Paterson handguns and achieved fame as a result of their use by Captain Jack Hays and other Rangers on the Texas frontier. In fact, a major purchaser of the No. 5 was the Republic of Texas. Samuel Walker was familiar with the No. 5 during his days as a Texas Ranger and used the revolver to great effect. His experience with the Paterson persuaded him to advocate for a larger, quicker loading revolver powerful enough to kill either a man or horse with a single shot. His discussions with Samuel Colt led to the Colt Walker Model revolver in 1847. What followed next was a rapid evolution in revolver design spearhead by Colt who introduced the Dragoon series of revolvers that were based on the Walker design. Samuel Walker is often credited for establishing early Colt revolvers as an effective handgun. The Walker and Dragoon revolvers definitely provided Colt with financial relief and fame. This particular No. 5 revolver was once owned by Francis Bannerman. It is illustrated and described in detail on pages 80-83 of "The Art of the Gun: Magnificent Colts Volume I" by Robert M. Lee and R.L. Wilson. The revolver has a high polish blue finish on the barrel, frame, cylinder, and grip strap. The hammer is color casehardened. The five-shot, square back cylinder is roll-engraved with the stagecoach holdup scene. German silver bands are inlaid on the barrel at the muzzle, on the top of the barrel at the breech, on the underside of the barrel lug curves and on the recoil shields. An oval German silver escutcheon is inlaid on the back strap. The barrel has a German silver front sight blade. The two-piece grip is fancy grain walnut with a high polish piano finish. The straight sided barrel has a distinctive double curved lug with no provision for a loading lever. The top of the barrel is roll-stamped "- Patent Arms M'g. Co. Paterson, N.J. - Colt's Pt. -" reading from the breech to the muzzle with “star & snake” terminals at either end of the legend. The top of the cylinder is marked "COLT" in addition to the roll-engraved stagecoach scene. The serial number is visible on: (1) the rear face of the barrel lug, (2) bottom of the cylinder wedge, (3) bottom of the frame in the trigger well, (4) inside of the trigger, (5) rear face of the cylinder, (6) inside of the hammer and (7) bottom of the left grip heel. All of the visible serial numbers match. The revolver is complete with a mahogany Paterson style case with beveled lid and scalloped German silver escutcheon plate. The case is lined with dark blue velvet with wire clips to retain the accessories. The case contains: (1) spare five-shot, square back cylinder marked “J./201" on the rear face, (2) brass cleaning rod with turned wooden head, (3) .36 caliber, single cavity, round ball iron bullet mold with three wooden handles, (4) Paterson combination tool with fire blue finish, (5) side-latch brass Colt capper marked "No. 333" on the inside of the body and lid, (6) distinctive Paterson copper and brass combination powder and ball flask numbered "16" on both the upper and lower sections and roll-stamped with the same Patent Arms Co. legend with “star & snake” terminals as the top barrel flat and (7) several .36 caliber lead balls that were originally in the flask. Provenance: Robert M. Lee Collection and The Gateway Collection