Word: cashing
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Dates: during 1920-1929
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Servus Servorum. In 1902, James Cash Penney began business with one store in Wyoming. Last year his 676 stores in 44 states (all except Vermont, Delaware, Rhode Island, Florida) did business aggregating $90,000,000-chiefly small-town gear.* Last week he announced a gift of half a million dollars to construct a building containing 100 small apartments to be occupied, rent-free, by aged Evangelical ministers. This home of God's retired servants will be located at Green Cove Springs, Fla., on the St. John's River. Mr. Penney's summer home is in Belle Isle, Miami Beach...
Three weeks ago Blair & Co., Inc., and Chase Securities Corp. anticipated this merger by buying 300,000 shares (55%) of Associated Oil. They offered sellers $145,000,000 in cash or $165,000,000 in exchange securities (TIME, Feb. 15). Now to Tide Water shareholders they offer one and one-third shares of the new common for one share of the old. Preferred shares will exchange evenly...
...line, export enormously. They also went into shelf hardware, planned to establish retail stores to canalize large production. But this later program now seems aborted, as relatively few stores exist. The Remington Typewriter Co. has long been an independent company, although sponsored by the Remington Arms Co. The Remington Cash Register Co. is a direct subsidiary...
Other strong manufacturers are those of the St. Louis and of the Sundstrand. This one is an adding machine with a cash drawer attached, efficient for many purposes, yet not a cash register along old lines...
...Gubelman invented and applied for a patent on an adding counter which printed totals. This could be made an integral part of cash registers or adding machines, such as the Burroughs, the Elliott-Fisher, the Sundstrand. He offered his patent rights on a royalty basis to N. C. R. They had also filed on a similar patent, refused his offer. To Remington he went. They sent him back to N. C. R. Refusal again. So Remington adopted the device as an integral part of their registers : filed suit jointly with him against N. C. R. for infringement; won as owners...