cashed trivia roundup

A roundup of the trivial, featuring cash registers, embezzlement, ATMs, mysterious pits, currency, and Transylvanian princes…

• • •

1. The modern mechanical cash register dates back to the early 1880s, when it was invented by an Ohio bar owner named James Ritty. Ritty didn’t invent the device to help with bookkeeping, or to organize his cash, or any of the other seemingly obvious reasons you might suspect. No, he invented it because his employees kept stealing from him. He called his machine Ritty’s Incorruptible Cashier; it held money, sure, but the primary benefit was the ding when the drawer opened, warning the boss to monitor the transaction.

Ritty made the fateful choice to sell off his cash register company, which by 1884 ended up in the hands of one John H. Patterson, who renamed it the National Cash Register Company and added the paper roll to record transactions. By that time there may have been as few as a dozen cash registers actually in use.

Patterson had all the trappings of your classic late-19th century tycoon, except he wasn’t controlling steel, oil, or railroads so he doesn’t get the same press. He created a massive sales army (the American Selling Force) and sent his troops to whatever backwater burg needed to experience the freedom of cash registers. They sold based on a script written by Patterson (called the NCR Primer), usually by setting up a mock store inside a hotel ballroom to demonstrate all the benefits of a mechanical cash register, emphasizing that it was not simply a device, but a fully-featured employee monitoring theft reduction tool. Somehow this plan worked.

NCR registers
NCR registers

Patterson then leveraged his initial advantage to ruthlessly buy out, bankrupt, or swamp in a mire of lawsuits any of potential competitors to the lucrative cash register market. By 1911, NCR controlled more than 95% of the US register market, and by 1912 Patterson and multiple senior execs were convicted of antitrust violations; they were later pardoned during the appeals process because Patterson had used the the company’s factory as an emergency shelter during the 1913 Dayton flood.

Patterson and his mustache
Patterson and his mustache

Patterson was notorious for firing people on a whim including one employee who apparently was riding a horse the “wrong way.” Being fired by Patterson is considered by some to be the equivalent of earning an MBA (I hope that one day my mistreatment of others will be considered good). Among those he fired: Richard Kettering (he invented the automobile starter and is the namesake of the Sloan-Kettering Cancer Center) and Thomas Watson, later head of IBM. Watson at one time was a failed salesman who lost his job after his inventory was stolen while he was soused. Later he opened a butcher shop and bought a cash register from NCR, somehow parlaying that into a sales job, a sprint up the corporate ladder, a conviction for antitrust violations, and founding IBM. So, depending on how far back you want to go, big blue started because a butcher bought a cash register, or because a salesman got drunk, or because the quark-gluon plasma of the early universe cooled sufficiently for the strong and electroweak forces to differentiate, creating the first particles.

NCR assembly line
NCR assembly line

Here’s another fun cash register thing: Bill Bryson, among others, argues that “odd pricing” or “psychological pricing” — that is, pricing things at .99 instead of a whole number of dollars—resulted not from years and years of market research but from the same desire to monitor employees. Ritty’s register was only incorruptible if it had to be opened, and odd pricing, in theory, ensured that the drawer would have to be opened to give change. So, we might have X.99 pricing not because customers are gullible buffoons who are hornswaggled into thinking $1.99 is appreciably cheaper than $2.00, but rather in service of the panopticon.

 

2. NCR is still around, and one of the things they make—besides self-checkout lanes, which in a dizzying bit of circularity, require an employee monitor to prevent customer theft—is ATMs. Whence ATMs? In a technical sense, they date to 1960, when the cash-dispensing Bankograph was installed on a trial basis by a New York bank (invented by Luther George Simjian, who later patented a flight simulator, teleprompter, and meat tenderizer, among other things). It didn’t catch on and was removed six months later.

In 1967, an ATM was installed at a Barclay’s in the UK. It didn’t actually dispense cash, though, just vouchers. Customers used a token given by the bank to access their account (in most early ATMs, this token was then mailed back to the customer after the transaction was processed). It only took until 1968 for someone to lose their token and their account to be pilfered. By 1969 there were ATMs in Japan and the US, using magnetic stripe cards. But while they could dispense cash (not accept deposits), they were clunky, prone to breakdowns, insecure, and cost $100,000+ for the banks. Not surprisingly, they weren’t very popular.

The machine teller is 100% safe and will not rip your hand off
The machine teller is 100% safe and will not rip your hand off

The story goes that the ATM tipping point was the result of a lucky break. Citibank spent $160 million on a massive network of ATMs in 1977. Their lucky break was a massive blizzard in early 1978 that closed banks for days. The ATMs were open, though, and usage increased by 20% just like that. And from that was borne the “The Citi Never Sleeps” slogan and public acceptance of our automated future. The final push for ATMs was the election of 2000, when candidate Al Franken’s was slingshotted to the presidency via his pledge to eliminate all ATM fees and also to repeal Glass-Steagall so that large insurance concerns could also own banks. Please read Why Not Me if you haven’t already.

It also helped ease public fears when the Hulk used ATMs
It also helped ease public fears when the Hulk used ATMs

By the way, the phrase “ATM machine,” according to a whitepaper released by the Department of Redundancy Department, Tautology Division, is an example of what’s called RAS syndrome, or repetitive acronym syndrome syndrome. Here is a brief list of “brand” names for ATMs in various parts of the US: Presto!, Pulse, Cactus, SHAZAM, and TYME. Fellow Wisconsinites know the shame the follows from asking a non-resident where to find a time machine.

More on the (surprisingly interesting?) history of ATMs here and here.

 

3. Oak Island covers about 2/10 of a square mile, just a few hundred meters off the coast of Nova Scotia. It also contains—if you believe the legend—a substantial treasure housed in an elaborately conceived and booby-trapped underground vault: the Oak Island Money Pit.

The legend holds that back in 1795 three teenage friends found a depression in the ground on Oak Island and started digging. Two feet down they hit a layer of flagstone not native to the area. Then they hit a layer of wood planks at 10 feet, and every 10 feet thereafter. They stopped at thirty feet. A second excavation a few years later made it to 90 feet, where they discovered a large stone marked with symbols and inscriptions. Along the way, they too had encountered layers every 10 feet or so—theirs were strata of charcoal, putty, and coconut fibres (also not endemic). The pit flooded, and they abandoned the task.

Over the next 200 years, roughly a dozen more large-scale excavation attempts would be made, involving dynamite, massive 70 ton cranes, giant holes, the building of dams, multiple deaths, the discovery of what seemed to be a booby-trapped side cut that flooded the shaft if dug too deep, and the supposed recovery of several links of gold chain, assorted paraphernalia (probably from prior digs), and blurred photographs of skeletons and treasure. I suggest reading here or here if you are interested in the “ENIGMA OF THE MYSTERIOUS” spooky version of the story, and here for the more plausible.

The various flooded holes and trenches of Oak Island
The various flooded holes and trenches of Oak Island

The Money Pit is accurately named—not because it contains money so much as it is a pit into which one can throw massive amounts of money. And better even than two centuries of people excavating a pit they have no reason to believe contains a massive fortune are the theories about what’s in there and why. By far the most common theory is that the pit holds Kidd’s or Blackbeard’s treasure. Dig deeper and you have claims such as: it holds the treasure from a Spanish galleon, French warship, or British sacking of Havana; the missing royal jewels of Marie Antoinette; the proof that Shakespeare was merely the pen name of Francis Bacon; an assortment of Rosicrucian and Freemason artifacts; the Holy Grail; and the Ark of the Covenant. My personal favorite is that the “pit” is actually an upright Viking ship; the wooden floors they found were merely part of the ship’s interior. No, there’s no explanation for how the ship came to be there, or to have found itself wedged upright and buried.

I only dredged up the Oak Island story because I saw a headline last month that they had found a Roman sword on the island. Great Odin’s raven, was the money pit constructed by ancient Roman mariners? Desperate as I am for that preposterous shit to be true, it turns out that the alleged artifact was supposedly uncovered on the island 70 years ago, never mentioned to anyone, then magically turned up again by producers of a History Channel show about the island, who refuse to let anyone else analyze it.

The 1986 Tom Hanks/Shelley Long vehicle The Money Pit is not a docudrama about Oak Island. It rates a 6.3 out of 10 on IMDb.

 

4. Some notes about world currency:

  • Everyone on Bosnia and Herzegovina’s currency is a poet, except for one novelist.
  • Hungary’s currency features two separate princes of Transylvania, each of whom led uprisings against Hungarian monarchy
  • Sir James Martin appears on the £100 note in Northern Ireland. He invented the airplane ejector seat.
  • Freud appeared on Austria’s 50 Shilling note for 15 years. As did Schrodinger. Maybe.
  • Auguste Forel was on the 1000 Swiss franc note for 22 years. Forel was known primarily for his landmark study of the social behavior of ants. He was also, briefly, a eugenicist who later joined the Bahai and renounced his earlier views. He also “discovered” the “zona incerta” of the brain, so called because it was a “region of which nothing certain can be said.”
  • György Dózsa appeared on the Hungarian 20 Forint note for leading a peasant’s revolt.
  • From the mixed feelings department: I’m estimating that about 33% of the women on currency are there because they were suffragists.
  • Hernando de Soto was on the US $500 bill in the 1920s (!?!?!)
  • The first native american to appear on US currency (an 1899 silver certificate) was Running Antelope, an advisor to Sitting Bull. It seems symbolic of…I don’t know, something…that he was featured wearing a Pawnee head dress, because his Sioux head dress was too tall to fit on the engraving.
  • The full list of people on currency is here. Be warned it might consume hours of your life.
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