Word: punch-card
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...Dartmouth's Director of Admissions Edward T. Chamberlain Jr. said that "every admissions officer in the United States would give five years of his life" if he could use an IBM machine to cull freshmen. But no one has yet found the right punch-card formula, Chamberlain mused, a trifle sadly, in the Saturday Evening Post. "One wag predicts it is more likely we shall find a way to punch holes in the candidates and run them through the machines...
With the rise of computer punch-card accounting and the decline of the clerk's pen-entry ledger, company comptrollers have relaxed in a new atmosphere of mechanical morality. They have been confident that neither false entry nor ink eradicator could juggle the electronic accounts. But last week, Walston & Co., one of Wall Street's largest brokerage firms, found that the computer is no more honest than the hand that feeds it. In eight years, Walston Vice President and Computer Specialist Frank B. Haderer, 50, had stolen more than $260,000 from the electronic till, to become...
...company's fees were about $1,800,000 a year when Booz retired in 1946 and Hamilton died. The job of coordinating, i.e., managing, partner fell to James L. Allen, then 41, a scholarly Kentuckian with a steel-trap mind for remembering facts and a punch-card sorting machine's ability to organize them. Holding that management analysts should continuously analyze themselves, Allen set up a think department to do nothing but figure out new services the firm could offer to an ever widening circle of clients...
...challenge the International Business Machines Corp. in IBM's home market. The foreign businessmen: President Joseph Callies, 50, and General Manager Georges Vieillard, 64, of France's fast-rising La Compagnie des Machines Bull. Barely known outside France ten years ago, Machines Bull manufactures a line of punch-card and sorting machines topped off by computers. Recently it pulled abreast of IBM in many markets of the Continent, is now the biggest computer maker outside...
Automatic Foreman. Machines Bull was founded in 1931 by Vieillard, then an adding-machine-company engineer. He bought the patent rights to a type of punch-card machine, which had been willed to Oslo's Cancer Institute by Norwegian Inventor Fredrik Bull. With only $140,000 in capital, Vieillard soon needed more financing, sold a 70% interest in the company to the wealthy Callies family (paper mills), closely related to the Michelin and Citroen family. With new capital, the company plunged into research, soon turned out a tabulator capable of writing 150 lines a minute when other tabulators were...