Bundy Time Recording Company

First page Back Continue Last page Overview Image

Harlow Bundy, a former Oneonta lawyer and Postmaster married to a granddaughter of the pioneer Eliakim R. Ford, was manufacturing a time-recording device in Binghamton. Harlow had tried out the invention while he was the Oneonta Postmaster and sensing that there was a great future in the device moved to Binghamton and formed the Bundy Time Recording Company. The company prospered and soon capital was needed for expansion. Bundy turned to his old friend, Fairchild, who made an initial investment of eight thousand dollars and became a director. The company was soon reorganized as the International Time Recording Company and a factory was built in Endicott. Bundy moved there and erected a fine home which became the Endicott public library in later years. Computing machines and scale companies were brought into a merger with ITR and the Computing-Tabulating-Recording Company was formed with Fairchild as president and Bundy as vice-president. This, greatly expanded, is the IBM of today. Fairchild later became Chairman of the board.