Word: mailomat
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Unveiled in Manhattan's General Post Office, the Mailomat is about the size of a telephone booth, performs a similar service. You put your money in one slot, your letter in another, push a lever and the letter is automatically stamped and posted. Advantages are sanitation (no licking) and speed (no waiting at a post office window, no need for the letter to be canceled...
...Mailomat, whose price to the Government, or rental to industry, is still unfixed, is a development of the postage meter Walter Bowes persuaded the Post Office to try in 1920, year after he and the late Arthur Pitney formed Pitney-Bowes. Since then use of postage meters has risen until they now provide the U. S. Government with 16% of its annual postage revenue. Practically every big U. S. company has either rented or bought a Pitney-Bowes machine to speed up its mailing. Pitney-Bowes profits meanwhile have risen to $614,791 in 1937, $586,416 last year...
...Astor cup with his Q class Cottonblossom II. Messrs. Bowes and Wheeler have still another thing in common, their business-Pitney-Bowes Postage Meter Co. of Stamford, Conn. Chairman Bowes invents the meters and President Wheeler sells them. Last week they presented their slickest postage meter to date, the "Mailomat...
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