What Happened on May 7th
may 7, 1895 Steiger Gets "Millionaire" Patent
Otto Steiger was issued a patent for his Millionaire calculating machine. For the next 40 years, Switzerland's Hans Egli manufactured 4,700 machines, which weighed 120 pounds each. The Millionaire was notable in its ability to perform direct multiplication, which meant a user could multiply a number by a single digit with a single rotation of the handle.