The principle of a calculation machine with progressive transmission of tens was invented by
Chebyshev and demonstrated at the 1878
World's fair in Paris. In 1881 Chebyshev demonstrated a model of the calculation machine with automatic multiplication but did not take out a patent for it. In 1834
Luigi Torchi of Milan invented a direct multiplication machine. The first patented multiplying machines was due to
Edmund Barbour (1872),
Ramón Verea (1878) and
Léon Bollée (1889). The Bollée machine could be considered the direct ancestor of the
Millionaire. Designed by
Otto Steiger, a Swiss engineer, the moving carriage of the Millionaire has a 20 decimal digit accumulator that shows the product after multiplication and into which dividend is entered prior to division. The 10-digit multiplicand or divisor is entered on the sliders (or keyboard, on later models) above the carriage, while successive digits of the multiplier or quotient are entered with a push-button lever on the upper left. A large control knob on the upper right can be set to add, multiply, divide or subtract positions. The
Millionaire was first patented in Germany in 1892. Patents were issued in
France,
Switzerland,
Canada and the
United States in 1893, and production started in 1893. From 1899 to 1935
Hans W. Egli of
Zürich handled the machine. The American agent for the Millionaire was W. A. Morschhauser of New York. A detailed investigation by Gerald Saudan established that 5,099 "Millionaire" had been manufactured overall in four decades, rather than the commonly quoted 4,655 units. The Millionaire was advertised as being the "only calculating machine on the market ... that requires but one turn of the crank ... for each figure in the multiplier or quotient," making it the fastest calculator available. Advertising from 1913 claims that the United States government had purchased over 100 Millionaire calculators. == Competition ==