[citation needed] In 1906 Harlow Bundy moved his business into a new three-story brick building in Endicott, New York.

[16] In 1906, ITR relocated to Endicott, New York, where it built a larger factory next to the new building of the Bundy Manufacturing Company.

[17] Dr. Alexander Dey invented the first dial recorder in 1888, and in 1907 ITR acquired the Del Ray Register Company.

[24] Hollerith's series of patents on tabulating machine technology, first applied for in 1884, drew on his work at the U.S. Census Bureau from 1879 to 1882.

His development of punched cards in 1886 set the industry standard for the next 80 years of tabulating and computing data input.

After winning the government contract and completing the project, Hollerith faced the challenge of sustaining the company in non-Census years.

He returned to targeting private businesses in the United States and abroad, attempting to identify industry applications for his semiautomatic punching, tabulating, and sorting machines.

Flint stated that the various manufacturers produced similar but not identical products and that the ..."allied consolidation", instead of being dependent for earnings upon a single industry, would own three separate and distinct lines of business so that in normal times the interest and sinking funds on its bonds could be earned by any one of these independent lines, while in abnormal times the consolidation would have three chances instead of one to meet its obligations and pay dividends.

[37] CTR and the four amalgamated companies had 1,300 employees, with offices and plants in Endicott and Binghamton, New York; Dayton, Ohio; Detroit, Michigan; Washington, D.C.; and Toronto, Ontario.

When the first president left after just one month, however, Fairchild took over and ran CTR until 1912, when Frank N. Kandolf, formerly CEO of the International Time Recording subsidiary, took over.

In 1914, having been fired from NCR Corporation and with a prison sentence threatening his future, Thomas J. Watson approached Flint, a leading financier, for assistance in finding a similar job.

Although he refused to sign a Consent Decree, a new trial never took place, and the board of CTR duly promoted him to the position of president.

[45] Surprisingly, given his record at NCR and his later colossal influence on IBM, Watson initially maintained a very low profile (almost tantamount to seeking obscurity) for the next decade until 1924, when the chairman George W. Fairchild died, and he finally took over sole control.

In particular, he stressed sincerity, integrity, and loyalty, saying that they should do nothing that could be construed as 'unfair competition' and should conduct themselves in an 'honest, fair and square way' – something which would be radical even today.

The company motto was to be 'We sell and deliver service'; CTR was to be in the business of genuinely assisting its customers.

[citation needed] CTR was a company with three separate elements: In the 1920s, while still under Fairchild's domination, Watson focused on achieving significant growth.

[citation needed] Hollerith, beginning with the 1890 census, had rented his machines so that his company could provide the maintenance necessary to ensure reliable operation.

Watson recognized the importance of sound R&D, appointing James W. Bryce in 1922 to manage this (moving him from its Time Recording Division, which he had joined in 1915).

On February 5, 1924, Watson applied to list International Business Machines (IBM) on the New York Stock Exchange, and the name C-T-R disappeared.