Word: p-b
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There is only one official U.S. function that a Government monopoly entrusts to a private monopoly. The company is Connecticut's Pitney-Bowes, Inc. P-B makes, sells, rents and services the postage metering machines* that print and postmark more than $1 billion worth of stamps on business mail every year. This not only saves millions in postal handling costs for the U.S., but it brings to P-B exceptionally high profits of 9? per revenue dollar. P-B announced this week that 1958 earnings rose 7% to $4.4 million on gross income of $51.3 million. P-B will...
Ultimate in Automation. The postal metering machine, which stamps and seals up to 175 letters a minute, has fathered a new family of machines to automate the office. In one minute different P-B machines can stuff 100 envelopes, fold 300 sheets, open 700 letters, sort 750 checks (see cut), count and tabulate 1,000 dollar bills...
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