 
Tickertape Machine
Samuel Spahr Laws (1824-1921), a Cincinnati gold broker, invented
the tickertape machine, a device that transmitted stock prices on a long strip
of paper that was cut and pasted for a permanent record. His
patent (No. 72,742) was issued on December 31, 1867, and titled "Electrical
Indicator." The
New York Stock
Exchange first adopted this early form of text messaging in 1867 for stock
quotes, and the machines quickly went into businesses around the country.
 Laws,
a one time resident of Troy, Ohio, graduated in 1848 from Ohio's Miami University
as the
valedictorian of his class.
Did You Know?
- During his career, Laws hired a 22 year old
inventor named Thomas A. Edison. Edison reportedly helped refine the
ticker tape machine.
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