The morning news., 1889-04-27
A MARVELLOUS MACHINE.
1t May Cause a Revolution in Bank
Accounting.
From the Neto York Star.

From the Neo York Star
H. G. O'Nel from Louisville, KY, has
become one Of the regular sojourners at the
Fifth Avenue hotel of late, a ID, although a
very active man, his absence from the cor
ridors of the hotel has given rise to the
rumor that he had at last com pleted the en-
terprise which was the main object of his
visit Being pressed last eveniny for de-
scription of his "automatic accountant, :"
while he was entertaining Judge Nelson and
Edwin Lord with a report of the wo der
full results that had been obtained, he was
disinclined to say anything specifically, for
the reason that his English patents Ad not
been filed
He acknowledged that he had just incor-
poraUed a company in New York with a
capital OF $5O0,000, aud, as some Of the
leading bank presidents we're holding dali Y
conferences al his rooms, he volunteered to
refer to the main points of his invention,
and said:
Il have at last perfected simple ma
chine. with nine keys, which is called the
Sta ldard Recorder that will print all
the current transactions Of a bank, no mat
ter how complicated; number checks in
regular rotation, add up the columns as
eacl entry is made, and strike a balance of
the days business whenever required.
owe have taken Ave years to make it, as
mathematicslly perfect as it is, and tlere is
only one other similar instrument in use,
and that is at the treasury department at
W ashington, where l90 keys are used, and
then only additions can be checked. The
Leading New York bankers are our princi-
pal incOrporators, and the cashiers of the
First National bank and Bank of Com
merce have tested their Gearing house
transactions, and it has beaten in speed and
accuracy the most practical accountant
"W. w. Sherman of the Bank Of Com
nerce, had a race with it the other evening,
be doing the figuring and calculations Of
the bank clearauces for the da amounting
to millions. The machine came out ahead
two minutes, and was automatically cor
rect, while Mr.. Sherman made a mistake
Of 10000 in bis addition.
"rhe Franklin Institute Of Philadelphia
has inves igated the entire appliances CON
nected with the instrument, and will pub
li.h a full detailed article, with dra wings,
which is now in type, as soon as we receive
our letters patent from abroad. Oar plan
will be to manufacture the machines
I rough Hartley q Graham and sub ct
them on royalty to a second CO oupanY
that will charge a rental of about $40 a
m nth. This is the plan as outlined by
the bankers, who are our principal stock
holders"
Are mere any Otuer uses 10 Wnlcn your
invention can be applied p Mr.. O'Neil was
asked.
YES. we have an attachment in the shape
Of an electric motor, which will priat and
number any quantity Of elevated railroad
tickets up to 5000 within few minutes by
touching a single key. That is to say, the
ticket seller caa ce supplied with the
machine filed with blank roll Of paper
capable Of printing 5000 tic cts. He can
regulate the quantity required By ad-
ju,ting he keys and 100 tlcgets, all printed
ami numbered consecutively, will be
thrown olt ready for passing through the
small aperture in tne windo as quickly as
one 81 gle tic1et can be handed out. At any
time Of the day the machine viii rec jrd the
exact uumber of tickets sold, and will be a
check upon the ticket agents cash
The elevated railroads are paying $500 to
S4JJ a day tor printing those tickets alone,
aud our proposition TO furui "a them with
machine, with the electric motor attach
ment has been accepted aud will be adopted
as soon as they can be uhuufacturedn p