The Cash Machine a story of survival.

stevethebloggerStarred Page By stevetheblogger, 17th Jul 2012 | Follow this author | RSS Feed | Short URL http://nut.bz/n7ug4z26/
Posted in Wikinut>Money>Utilities

The person credited with developing the first ever automatic teller machine is a gentleman named Luther George Simjian. Although this machine did not dispense cash, you were able to deposit envelopes containing bank notes and coins.

The first hole in the wall in the United States

There is strong evidence to suggest that Simjian worked on his device before 1939 although his patent was not filed until the 30th June 1960. The patent was granted on the 26th February 1963. His machine the Bankograph was an automated envelope deposit machine accepting coins, cash and cheques only. A first experimental Bankograph was installed in New York City in1939 by the City Bank of New York but removed after 6 months, due to lack of customer support.

The first modern Cash (ATM)

The first ATM in America was installed in 1959 in the Kingsdale Shopping Center, Upper Arlington, Ohio. Barkley's bank in the United Kingdom quickly followed suit and developed their own style of ATM’s in the early 1960s, installing there first, in Enfield Town, North London. However it was not until computer technology gained momentum that ATM’s were upgraded by the Lloyd s Bank of England and ATM's began to look like the ones we have today. The first one of these to be installed was in December of 1972.

From small beginnings these cash machines can be seen in all parts of the World.

It is now estimated that there are over 2.2 million ATM’s operating in the world today, this equates to one machine for every 3.000 people living on the planet and as we will see later, some are installed in some of the most bizarre locations on earth. While there job is to dispense cash, some of these machines come in all shapes and sizes with some even having there own personalized, elaborate design, fit for an art gallery.

The most northernly installed ATM

The world's most northerly installed ATM is located at Longyearbyen, Svalbard, Norway. As of 2008, Longyearbyen had a population of only 2,040 people and apart from its claim of having the most northerly installed ATM, it is also the world's northernmost town. Living conditions in this town are not for the faint hearted as the average summer temperature is typically only, 4 to 6 °C while average winter temperatures are 12 to 16 °C. Longyearbyen also experiences the midnight sun from the19th April through to the 23rd August and once this short summer is over they are then plunged into the polar night, from the14th November through to the 29th January, however, the sun is not visible in Longyearbyen until the 8th March, so finding your local ATM can be quite time consuming.

The most southernly installed ATM

The world's most southerly installed ATM is located at McMurdo Station, Antarctica. McMurdo Station is a U.S. Antarctic research center located on the southern tip of Ross Island, which is in the New Zealand-claimed Ross Dependency on the shore of McMurdo Sound in Antarctica. It is operated by the United States through the United States Antarctic Program, a branch of the National Science Foundation. The station is the largest community in Antarctica, capable of supporting up to 1,258 residents. This is also the site of a famous British Explorer Robert Falcon Scott, better known as Scott of Antarctica. It was here that he built a hut now known as "Discovery Hut” which was to serve as his base for his ill fated expedition to walk to the south pole. This hut is still standing today preserved just as it was when Scott left it. Once again I have no idea why people would need money, as there are definitely no shops or bars within the community.

The highest installed ATM

India claims to have the world's highest installed ATM at Nathu La Pass, installed by the Union Bank of India at 4,310 meters, but there are claimed higher ATMs installed in Nagchu County, Tibet at 4500 meters installed by the Agricultural Bank of China. This pass connects the Indian state of Sikkim with China's Tibet Autonomous Region. The pass, is 4,310 m above sea level and forms a part of an offshoot of the ancient Silk Road. The name of the pass comes from Nathu which means "listening ears" and La means "pass" in Tibetan. On the Indian side, the pass is 54 k east of Gangtok, the capital of the country and as can be seen from the photograph is extremely desolate. Once again the need for cash is beyond me.

The lowest installed ATM

Israel has the world's lowest installed ATM at Ein Bokek near the Dead Sea, installed independently by a grocery store at 421 metres below sea level. Ein Bokek is a hotel and resort district on the Israeli shore of the Dead Sea, near Neve Zohar. The Area is famed for its hot Springs they are rich in sulfur and the water is believed to be particularly beneficial in the treatment of muscular ailments and diseases of the joints they are also claimed to cure most known allergies so see many believers visiting to try to rid themselves of many different ailments.

Epilogue & credits

That is really the end of my romp around the world in search of money but I have to leave you with this thought and request.

The next time you drive your car to the local hole in the wall, please stop and think for a while and think of the poor soul who has to climb over 4,500 meters, up a mountain in Tibet, once a week, in all sorts of weather, just to fill an ATM machine.


stevetheblogger
My thanks to Wikipedia my trusty old books and my wife who wanted me to go shopping today.

Tags

Antarctic, Atm, George Simjian, India, Israelatms, Lloyd S Bank Of England, Teller Machine, Tibet

Meet the author

author avatar stevetheblogger
Stevetheblogger Is a full time freelance writer Originally from the UK he now lives in Quebec City, Canada with his French Canadian Wife. stevetheblogger is also for hire

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Comments

author avatar cnwriter..carolina
17th Jul 2012 (#)

again your page is filled with such interesting facts and especially I love the last few words about the climber in Tibet....ta ever so!

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author avatar stevetheblogger
17th Jul 2012 (#)

Cnwriter Many thanks for your kind comment they do mean a lot and Steve thanks a lot for moderating and for issuing a star it also means a lot.
Best Wishes
to you both
Steve

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author avatar Ramalingam
18th Jul 2012 (#)

Very interesting article Steve.Thank You.

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author avatar Sivaramakrishnan A
18th Jul 2012 (#)

Interesting information about a contraption that we cannot do without! Thanks also for thinking about those who have to make it work in the remotest parts - siva

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author avatar A K Rao
18th Jul 2012 (#)

Steve, needless to say that the article is an excellent one, your concluding paragraph will be remembered by me for ever! I think I have gathered some nice information today to tell my friends! Thanks a lot!

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author avatar Jerry Walch
18th Jul 2012 (#)

A very interesting look at the history of the ATM. I have never seen a ATM here in the States that accepted coins for deposit, just bills. Modern ATM no longer even require envelopes--you just feed the bills and checks into the machines and the machine does the request i.e. calculating the amount of your deposit. On the rare occurrence when the machine cannot read the amount of the checks you deposited you have the opportunity to enter the amount manually.

Well-written and illustrated article, my friend.

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author avatar Ivyevelyn, R.S.A.
18th Jul 2012 (#)

Thank you, Stevetheblogger. (Sorry, I left the 'b' out of your name on my last comment to you). I found this page to be so interesting. Every so often I see attempts being made to tow them away (on T.V.) which are invariably amusing!

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author avatar Don Rothra
19th Jul 2012 (#)

Nice work

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author avatar Retired
19th Jul 2012 (#)

Fascinating Post Steve

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author avatar stevetheblogger
20th Jul 2012 (#)

Can I thank you all for your very kind comments
Best Wishes
Steve

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