Despite a slack economy in 1894, the typewriter industry was steadily growing. Stenographers increasingly were interested in new machines, especially as their profession scarcely distinguished between stenographer and typist. Both shorthand and typing were essential skills, and machines that we today are eager to collect, stenographers were eager to try: the Waverly, the Munson, the Hammond, the Franklin, and the Pneumatic Typewriter. These were optimistic times.
From The Phonetic Journal Jan. 5, 1895 —

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