Automatic Data Processing, Inc.
Nicely engraved antique bond certificate from Automatic Data Processing, Inc. dating back to the 1980's. This document, which contains the printed signatures of the company President and Secretary, was printed by the Security-Columbian/United States Bank Note Company and measures approximately 12" (w) by 8" (h).
This certificate's vignette features an old computer next to an allegorical male figure holding a telescope and globe.
In 1949 Henry Taub founded Automatic Payrolls, Inc. as a manual payroll processing business with his brother Joe Taub. Frank Lautenberg joined the brothers in the company's infancy. In 1952, Lautenberg became Chairman and CEO of the company.
In 1957, the company changed its name to Automatic Data Processing, Inc. (ADP), and began using punched card machines, check printing machines, and mainframe computers. ADP went public in 1961 with 300 clients, 125 employees and revenues of approximately $400,000. The company established a subsidiary in the United Kingdom in 1965 and acquired the pioneering online computer services company Time Sharing Limited (TSL) in 1974. Lautenberg continued in his roles as Chairman and CEO until elected to the United States Senate from New Jersey in 1982.