December 12, 2008
Who was Lamson of the tubes?
As any entrepreneur knows, one of the best ways to make a fortune is to own and manufacture technology that enables other businesses to increase their productivity and make money. William Stickney Lamson from USA was an entrepreneur par excellence. In 1879 he invented the ‘cash railway’ system for the rapid transferring of cash in small cages from the point of sale to the accountant’s office upstairs (after the failure of trials of tying the money in a handkerchief and throwing it up!). His Lamson Cash Carrier Company grew and bought out other similar companies.
The pneumatic tubes system however, was invented much earlier in the 1800s by a…