The Bundy Manufacturing Company was a 19th-century American manufacturer of timekeeping devices that went through a series of mergers, eventually becoming part of International Business Machines and Simplex Time Recorder Company. It was the first time-recording company in the world to produce time clocks, colloquially known as 'Bundys'. The company was founded by the Bundy Brothers.
Willard Legrand Bundy was born on 8 December 1845[1] in Otsego, New York, and died on 19 January 1907.[2] His family later moved to Auburn, New York, where he worked as a jeweler and invented a time clock in 1888.[1] He later obtained patents of many mechanical devices.[3]
Unknown date: founding of Accurate Time Stamp Company.
Unknown date: founding of Chicago Time Register Company.
Unknown date: founding of Syracuse Time Recording Company.
1888: Willard L. Bundy invents the key recorder, applies it to time keeping for his employees.[4]
1888: Dr. Alexander Dey invents the dial time recorder.[5]
1889: Harlow E. Bundy and Willard L. Bundy incorporate the Bundy Manufacturing Company in Binghamton, New York: the first time-recording company in the world to produce time clocks.[6][7] The Bundy Manufacturing Company begins with just eight employees and $150,000 capital.[8]
1890: The Accurate Time Stamp Company (later renamed the Standard Time Stamp Company)- A Complete Automatic Time-Dating Stamp.[9][10]
1893: Alexander Dey and relatives form the Dey Patents Co., later renamed the Dey Time Register Co. of Syracuse, New York.[11][12][13]<
1894: Daniel M. Cooper patents the first card time-recorder. The Willard and Frick Manufacturing Company is organized to market Cooper's invention under the trade name "Rochester".[14][15][16]
1898: About 9,000 Bundy Time Recorders have been produced, advertised as solving "vexatious questions of recording employee time".[18]
1898: A New Time Register, manufactured by the Chicago Time Register Company.[19]
1899: Bundy Manufacturing Company acquires the Standard Time Stamp Company, manufacturers of a timestamp and a card recorder.[20][21][22]
1900: The International Time Recording Company of New Jersey is formed: a merger of the time-recording business of Bundy Mfg., its subsidiary, the Standard Time Stamp Company, and Willard and Frick Mfg.[23][24] Bundy Mfg. continues to manufacture other products, such as the Bundy Adding Machine (see 1905, 1910).
1901: ITR re-incorporates as a New York company.[25]
1901: ITR acquires the Chicago Time Register Company: the first, "Merritt" autograph time-recorder company in the world and a manufacturer of key, card and autograph employee time recorders.[26][27]
1903: The Bundy brothers have a falling-out. Willard L. Bundy moves to Syracuse, where he and his son form the W.H. Bundy Recording Company - manufacturing a clock similar to the ITR manufactured clocks.[28]
1905: The Bundy Adding Machine is patented (advertised 1904-06)[29][30][31]
1907: ITR acquires Dey Time Register Co. Manufacturing of dial time recorders moved from Syracuse to Endicott.[34] ITR's motto is Safeguarding the Minute.[35]
1908: ITR acquires the Syracuse Time Recording Co.[36]
1910: "New York State Men: Biographic Studies and Character Portraits", Frederick S. Hills (ed), states that Harlow Bundy still holds the positions of treasurer and general manager of Bundy Mfg "now being engaged in the manufacture of adding machines, the time recording business having been merged in the International Time Recording Co., of Endicott, in 1901".
1910/11: Willard L. Bundy's son forms the W.H. Bundy Time Card Printing Co and is listed as the vice president of the Monitor Time Clock Company, Syracuse New York.[28]
1933. IBM dispenses with the holding company structure, offices are consolidated and the subsidiary names, "Bundy", etc. are removed.[41][42]
1935: Since 1907 or earlier, ITR (now the IBM Time Equipment Division) had published a magazine, Time, for employees and customers that IBM now renames THINK.[35]
1958: IBM and its predecessor companies made clocks and other time recording products for 70 years, culminating in the 1958 sale of the domestic IBM Time Equipment Division to Simplex Time Recorder Company.[43]
↑ "Machine Methods of Accounting, Section 1, IBM, 1930s
↑ "The 'Rochester' System of Time Recording", Scientific American, v.79.26 (December 24, 1898) p.404
↑ Willard & Frick Manufacturing Company (1898). Rochester Time Clocks. p.6.
↑ "George W. Fairchild". IBM Archives > Exhibits > IBM's chairmen. IBM. January 23, 2003. Archived from the original on March 21, 2005. Retrieved February 14, 2014.
↑ Moody's Manual of Railroad and Corporation Securities, 1912, p.3044
↑ For example, the last page of The Inventory SimplifiedArchived 2013-10-04 at the Wayback Machine , published in 1923, identifies the publisher as "The Tabulating Machine Company - Division of - International Business Machines Corporation.
↑ Rodgers, Williams (1969). THINK. Stein and Day. p.83. ISBN0812812263.
↑ New York Times, July 15, 1933 - Units of Business Machines Join Parent Company
Aswad, Ed; Meredith, Suzanne M. (2005). IBM in Endicott. Arcadia.
Engelbourg, Saul (1954). International Business Machines: A Business History (Ph.D.). Columbia University. p.385. Reprinted by Arno Press, 1976, from the best available copy. Some text is illegible.
Oechsle, Russell G.; Boyce, Helen (2003). An Empire in Time, Clocks and Clockmakers of Upstate New York. NAWCC. p.185.
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