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National Cash Register (NCR) 100th
Anniversary Commemorative Bank National
Cash Register was the premier cash register maker for most
of the century. Note on the back it says "NCR U
Established April 21, 1937." This refers to the
date that seven
NCR employees formed a credit union with $70 capital.
Presumably this bank was created at that time for the
credit union, and made as a second edition in 1984 for the
100th anniversary of NCR. Today that credit union is the
Universal 1 Credit Union based in Dayton, Ohio and which
operates 19 offices and has $275 Million in assets! The cash register was invented in 1879 by James Ritty who kept a
saloon and wanted to prevent sticky fingered clerks from
lowering his profit margin. National
Cash Register (NCR) took over Ritty's patents in 1884 and sales
took off slowly after that. By 1889, they had sold 10,000
machines, but by 1896, they were up to 100,000 - an exponential
jump due to owner John H. Patterson developing the market for
the cash register. The
earliest cash registers at NCR were wood through the early
1890's then cast brass cabinets through about 1918. Later they
transitioned to the more modern stamped metal cabinets that were
painted to look like wood. During this time they also started offering more high tech
(relatively speaking) options such as customer count and
cumulative totals. NCR was an early example of
flexible manufacturing and could easily respond to changing
consumer demand, something which was directly responsible for
the astounding variety of early cash registers as well as their
toy counterparts. They would eventually grow to
represent 95% of the total market.



Read more about the history of National
Cash Register (NCR) in my article Toy
Cash Registers in the 20th Century
References:
Montgomery County Historical Society
In August 1, 1998 the National Cash Register Corporation
and the Montgomery County Historical Society joined in an
innovative partnership committed to preserving the NCR
Archive. Special thanks to Jeff Opt, the National Cash
Register (NCR) Archivist of the Montgomery County
Historical Society for his research and support on my
behalf.
http://www.daytonhistory.org/nat_treasure.htm
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