- 3
xE MORNING OREGOXIAN. MONDAY, OCTOBER 17, 1910.
O
w
E
.A.
STATEMENT OF U. S. CASHIER CO.
PUBLISHED IN THE SUNDAY OREGONIAN
MODEL NO. 2 THE POTTER CASHIER, a most adaptable device
for banks and department stores. By pressing the proper keys (in a
bank) it pays automatically the exact amount of check, and (in a store)
the correct amount of change due the customer, falls into your hand.
At the lower right-hand side is the table and slot where amount paid
is stamped on back of check or sales-slip. This prevents errors, which
are often made by the best of cashiers and paying tellers: also prevents
claims that are made through these errors, as an indisputable record has
been made and filed.
THE PURPOSE OF THIS COMPANY is the manufacturing and sell
ing of automatic change-making, listing, adding, coin-paying machines
and devices of a similar nature.
THE MANAGEMENT of this company is vested in a board of five di
rectors, who are among Oregon's most favorably-known business men
and who have already shown their ability in consolidating the Bilyeu
and Potter machine interests, thereby eliminating otherwise certain keen
competition. in the United States, which assures great prosperity.
WHICH STATEMENT IS GROSSLY MISLEADING
IN SEVERAL RESPECTS
STATEMENT BY T. IRVING POTTER
INVENTQR OF THE POTTER CASHIER
I designed the Potter Cashier for the use of paying tellers in banks and
not for the use of central cashiers in department stores. The Potter
Cashier is not a change computing machine, but simply an automatic
paying teller. Depress the $4.00 key and $4.00 in coin is paid. The
only way to make change with this machine is to calculate mentally how
much change is required and then depress the corresponding keys
This machine does not stamp upon the sales slip the amount of the pur
chase. The' printing device merely stamps upon the face of the check
the amount paid out by the paying teller. As a matter of fact, this ma
chine was never intended for any other U3e than in a bank and cannot be
practically operated where the making of change is involved. I have
designed another machine expressly for change computing, which I have
sold to the Coin Machine Manufacturing Company.
In the lower paragraph, this statement is made, "Favorably-known business men . . . who . . . have
already shown their ability in consolidating the Bilyeu and Potter machine interests." This is mis
leading, as the consolidation referred to includes only the Bilyeu machine and the domestic rights
of the Potter Cashier. This, in no way whatsoever, affects the "Potter machine interests." The foreign
rights of the Potter Cashier, as well as all of the rights of the computing change machine are the
properties of the Coin Machine Manufacturing Company. y ......
There has been absolutely no consolidation of the two companies.
(Signed) T. IRVING POTTER,
DESIGNER OF THE POTTER CASHIER
J L J L JJL J iJlJ J LorJ JL JjasJa ii hi mil JJa JJa bLL JlLnJ Jin JL teia W JLL IW
T. Irving Potter designed the Potter Cashier for the use of paying tellers in banks. Shortly thereafter, realizing the limited de
mand for such a device in the United States; where currency is largely used, and the futility of building up a large corporation for
manufacturing and selling it, he was induced to dispose of the rights for the United States. These rights, therefore, were offered
for sale, and were purchased by William Davidson, who, later, it is understood, organized the United States Cashier Company of
this city. This sale to Davidson was effected about October 10, 1909, for $20,000, payable in monthly installments, extending
over a period of about one year. By the same transaction Mr. Potter retained the sole rights of the Potter Cashier in all foreign
countries. The superiority of the Potter Cashier as a coin or hard money handler is admitted by all who understand it and are fa
miliar with its uses. It is indispensable in any banking or financial institution. It will be especially in demand in foreign countries
where metallic money is almost universally used.
Under no circumstances does this company wish to b 3 understood as attempting to discredit the United States Cashier Com
pany, the Potter Cashier or the opportune investment the stock of that company affords. On the contrary, it must be said, in
justice to all, that the Potter Cashier is unsurpassed in its field. So far as the machine itself is concerned; no statement can be
made in terms too complimentary of it, provided it is put to the use for which it was intended.
Satisfied with the progress he had made in the designing of the Potter Cashier, Mr. Potter applied himself to the building of
a computing change machine, suitable for the infinite number of mercantile houses in this country and abroad and complying
with a tremendous demand for a device that will perform all the functions of a cash register and adding machine combined, as
well as the automatic changing of money, instantaneously, with one operation, and with no mental calculation of any character
required. Mr. Potter then organized the Coin Manufacturing Company, to which concern he sold all domestic and foreign rights,
as well as all the foreign rights of the Potter Cashier.
As the matter now stands, this company particularly desires to inform the public that the Potter Cashier is not a change computing
machine; that the only practical, automatic change computing device is the sole property of the Coin Machine Manufacturing Co.
- THE POTTER AUTOMATIC CHANGE COMPUTING MACHINE
This machine will perform three distinct and sep
arate functions at one operation: the correct changing
of money received in the cash sale of goods; second,
the adding of the amount of each sale to the amount
of sales made before; third, the stamping of the
amount of the sale upon the sales slip; all three of
which functions are automatically performed at one
and the same time, by the movement of one lever, and
without the faintest suggestion of mental calculation. -For
4Jie purpose of creating a large manufacturing
company, the object of which is to manufacture and
place these coin-handling machines upon the market
of the world, the Coin Machine Manufacturing Com
pany has been organized under the laws of the State
of Oregon. The capitalization of the company is
$2,000,000, divided into 20,000 shares of the par value
of $100 each. To acquire sufficient capital to carry
out its purpose, this stock is now being sold at $60 per
share. The character of men who have associated them
selves with Mr. Potter, as officers and directors of this
company, is such as to provide adequate guarant.y of
the sincere intentions of the company, to say nothing
of the confidence which these gentlemen repose in the
machine, as evidenced by their ownership of stock in
the company and their consent to act as officers and
directors.
COIN MACHINE MANUFACTURING COMPAN
Y
OFFICERS:
T IRVINfl POTITR. FT. MmmMgrr. H. 1. RAM.HPKI.U Secretary.
Vi'-o-protdent mnA IM Manaier of T. Manager Unman Wolf. Company.
T i MTTri!!,Vlrt-pr(it1'nt. B. W. HCMMEKR, Trearurer
j r., and ji.nacr of T. B. rotter Realty Cannier United State.atlonal Bank.
Company.
SUITE 720 CORBETT BUILDING
DIRECTORS :
BR AM II OFFICES
SAX FRANCISCO
SPOKANE
PORTLAND,
OREGON
BRANCH OFFICES
KANSAS CITY
ST. PAIX
H. C. WOKTMAX. Olds. Wortman & King.
H. T. RAMSDEJ.I..
T. IRVING I'OTTER
T. B. rOTTEB
A. I). BOWKX. President Tacific Western
Company.
W. J. C'I.E.MKNS. Insurance.
L. E. KERN", Brick Manufacturer.