American Arithmometer Company.

The American Arithmometer Company was the forerunner of the Burroughs Corporation. It was incorporated in January of 1886 in St. Louis, Missouri, by four men: William S. Burroughs, Richard M. Scruggs, Thomas Metcalfe, and William R. Pye. Their purpose was to sell the adding machine invented by William S. Burroughs. The original capital stock was $100,000, divided into 1000 shares. These four men were also the original shareholders and members of the Board of Directors. The American Arithmometer Company operated out of the shop of the Boyer Machine Company, also located in St. Louis, Missouri. In 1902, Joseph Boyer became the president of the American Arithmometer Company. In 1904 the factory and general offices were moved to Detroit, Michigan, and in 1905 the company's name was changed to the Burroughs Adding Machine Company.

From the guide to the Burroughs Corporation records. American Arithmometer Company records, 1886-1905, (University of Minnesota Libraries. Charles Babbage Institute. [cbi])