“Colt .45” was created in a hurry by Warner Bros. after a call from ABC revealed a national sponsor wanted a TV show. In its three seasons on the air “Colt .45” was a mixture of uncertain sponsorship, many repeat episodes, and an abrupt change in the starring role after a walkout by—or firing of—the original star, Wayde Preston. Additionally, Warner Bros. couldn’t decide whether Preston should wear a mustache or not. Handsome, blond, curly-headed, 6' 4" William Erskine Strange was born 9/10/29, in Denver, CO, and grew up around Laramie, WY. Attending the University of Wyoming, he studied pharmacy. An accomplished musician, he played string bass with various jazz bands in the late ‘40s. Inducted into the military in ‘50 as First Lieutenant, he spent a year fighting in the Korean War. Following his discharge he was a Park Ranger at Grand Teton National Park and rode the Wyoming rodeo circuit. Also a licensed pilot, he was flying for TWA when he met actress Carol Ohmart whom he married in ‘56. Although the marriage only lasted two years, this introduced Wayde to showbiz.
The series didn’t fare well opposite CBS’ “The Lineup” and “Friday Night Fights” on NBC. Hoping for better ratings, ABC moved “Colt” up to 8:30-9 Fridays in late Jan. ‘58, only now it was up against “Zane Grey Theatre” on CBS and “Life of Riley” on NBC. A total of 26 episodes were aired in the first season before the sponsor dropped out and ABC canceled the show in mid-April ‘58. In TV GUIDE (6/28-7/4, ‘58) Preston blamed a low budget and lack of promotion compared to other WB shows for “Colt”’s failure. Off the air for 6 months, Warner Bros. began airing first season reruns in October ‘58 from 9-9:30pm ET on Sundays following “Maverick” and the debut of “Lawman”, a full night of Warner westerns, but “Colt” did little to combat “Dinah Shore” in color on NBC and “GE Theatre” on CBS. Without fanfare, new “Colt” episodes debuted on 4/5/59, in that same time slot. Wayde now sported a mustache. Thirteen new episodes aired from April through 6/28/59, before reruns (sans mustache) began again in July, still in the 9-9:30 Sunday timeslot through the end of September ‘59. On 10/4/59, “The Rebel” with Nick Adams took over Preston’s timeslot with “Colt .45” moving to 7-7:30 ET Sunday night before “Maverick” and “Lawman” instead of after. Now Wayde faced off against the established “Lassie” on CBS and the new “Riverboat” on NBC. In addition to moving “Colt .45” all over the schedule, WB couldn’t decide whether Preston should or shouldn’t wear a mustache. As the third season began in October ‘59 the mustache was again gone and “Colt” was back on Sunday night from 7-7:30…at least for awhile. In mid-March ‘60, “Colt” was moved to Tuesday night from 9:30-10. long about this time, Wayde exited the series, although already-in-the-can episodes continued to be shown alternating with all new Donald May as Sam Colt Jr. (Chris Colt’s cousin) episodes. May actually stepped in as Sam Colt with the 12/6/59, episode (“Alias Mr. Howard”). On Tuesday nights, even with “Sugarfoot”/“Bronco”, “Wyatt Earp” and “Rifleman” lead-ins, all the timeslot/mustache/cast changes had pretty well doomed “Colt .45”. Additionally, it was now battling for ratings opposite “Arthur Murray” in color on NBC and “Red Skelton” on CBS. After 6/21/60, “Colt” was back to those reruns until September ‘60 when “Stagecoach West” replaced Colt. As to Wayde’s dismissal from Warners, Wayde told attendees of the Charlotte Western Film Fair in ‘86, “We made the (half-hour) episodes in three days.” Always the low-western on the Warner lot, Wayde commented snidely, “I used to go to the pay window every Friday for my weekly insult. I asked for a 12 hour working day and a little more money. They told me I was crazy. I said if I’m crazy, I better walk out of here and that’s what happened.” The real reasons behind Wayde’s departure vary. In the book WARNER BROS. TELEVISION (‘85 McFarland) Bill Orr, head of WB’s television department, attributes Wayde’s leaving to a dispute over who would do a stunt—Wayde or a stuntman.
Wayde appeared on a “Bonanza” in ‘63, but by ‘67 he was in Europe making movies, including seven westerns such as “A Man Called Gannon” with WB alumnus James Garner. Returning to the U.S., Preston had a cancerous growth on his right temple removed in the late ‘70s, made a few minor films but succumbed to colon cancer 2/6/92, in Lovelock, NV.
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“Colt .45”
“There was a gun that 
He was under contract to 20th Century-Fox for six months before he landed the role of Chris Colt on “Colt .45” which began its initial season on ABC Friday nights from 10-10:30pm ET on 10/18/57. Christopher Colt was a U.S. Government undercover agent posing as a gun salesman for the Colt Firearms Company. 
That may be the corporate story, but more likely is the series of events Donald May related to WESTERN CLIPPINGS. “It was clear to me there was strife between Wayde and Bill Orr, and it was over money because Wayde was grossly underpaid. When they took one look at me they realized there was some similarity between the two of us and that may have been one of the reasons they signed me…to replace him in case it got difficult. There are many stories…the story I heard was that Wayde, finally, in an attempt to get some just recompense for his efforts at WB, borrowed some money for some reason—I heard he wanted to buy an airplane. Orr said, ‘Come in Monday and we’ll give you the check.’ Wayde said, ‘No, I gotta make this sale Saturday night’ and it was now late Friday. So Orr said, ‘Okay, stop by the cashier, get the check, then come in Monday
and sign the papers.’ On Monday morning, Wayde came to work, put on his Colt .45 clothes—then the telephone rang. They said, ‘Wayde, C’mon to the front office.’ ‘What for?’ ‘You go to legal and sign papers.’ ‘Sign papers for what?’ (Chuckles) ‘For the loan.’ Wayde said, ‘What loan?’ ‘For the loan you made to purchase the air-plane.’ Wayde said, ‘That was no loan, that’s what you owe me.’ And that was the end of Wayde’s career, because they put him on suspension. They put the suit and hat on me, gave me a pair of guns on Friday and by Monday I had to be able to twirl the guns. On Monday I shot the new opening. Wayde spent the next three and a half weeks in his new airplane buzzing Warner Bros. Every time we tried to get a shot—Arrrummmmmm… (Laughs) (For whatever reason) WB brought Wayde in to do one last show (“Phantom Trail” in which both Wayde and May appear)
because there were 13 shows committed and I did those 13 and that was the end. But when Wayde came in to do one, I thought, ‘Oh my God, what do I say to this guy?’ but he just walked on, ‘Hey Don,’ put his arm around me, ‘How are things goin’? How they treatin’ ya? Paying you anything?’ (Laughs) So we got on wonderfully well. He never held it against me, there was no reason he should, and he was smart enough to know there was no reason he should. Wayde was one of the decent men of the world.” 
Interesting to note, when “Colt” returned to the schedule in October ‘58, Warners, attempting to promote their embattled series, used Wayde as Chris Colt as a guest star four times on their popular “Sugarfoot” series with Will Hutchins. In “Canary Kid” (11/11/58), upon learning Colt is a lawman, Sugarfoot quips, “I always thought that fella was a gun salesman.” As Chris Colt Wayde co-stars with Will in “Return of the Canary Kid” (2/3/59), “Trial of the Canary Kid” (9/15/59) and “Canary Kid Inc.” (11/10/59). WB also cast Wayde as Waco Williams on “Maverick: Saga of Waco Williams” (2/15/59). But the oddest of all was Wayde’s “non-cameo” on “Maverick” after his departure from Warners. In “Hadley’s Hunters” (9/25/60) as Jack (Bart Maverick) Kelly seeks to clear himself of a trumped-up charge, he encounters John Russell and Peter Brown of “Lawman”, Will Hutchins of “Sugarfoot”, Clint Walker of “Cheyenne”, Ty Hardin of “Bronco”, even Edd Byrnes of “77 Sunset Strip”—then, shaking his head in a note of sadness, Kelly encounters Colt’s guns hanging on a rack. A definite inside joke!