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Publication numberUS928483 A
Publication typeGrant
Publication dateJul 20, 1909
Filing dateSep 22, 1908
Priority dateSep 22, 1908
Publication numberUS 928483 A, US 928483A, US-A-928483, US928483 A, US928483A
InventorsBryan S Wakeman
Original AssigneeElisha P Reynolds, Bryan S Wakeman
Export CitationBiBTeX, EndNote, RefMan
External Links: USPTO, USPTO Assignment, Espacenet
Portable bank.
US 928483 A
Abstract  available in
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Claims  available in
Description  (OCR text may contain errors)


APPLICATION FILED SEPT. 22, 1908. 928,483.


witnwoeo Patented July 20, 1909.



Patented July 20. 1909.

UNITED stares FATE i oruicu.


ron'rnemi BANK.

No. ceases.

Specification of, Letters Patent.

lPatent'ed July 20, 1909.

Application filed September 22, 1908 Serial No. 454,193.

To all whom it may concern:

Be it known that I, BRYAN S, WAKEMAN,

a citizen of the United States, residing, at Scranton, in the county of, Lackawanna and State'of Pennsylvania, have invented certain new and useful Improvements in Portable Banks, of which the following is a specification.

The pur. ose of my invention, is to rovide a portable bank from which it is di cult or impossible for the owner of the bank to remove the money placed therein.

It is a quite common practice of savin s banks to provide their customers with sma l portable banks, which whenfi-lled, are taken by the customer there opened by a key and the contents deposited to the credit ofthe customer. The customer is not provided-with a-key. The purpose of this custom is to remove from the customer the temptation to open the'portable bank and spend his savings. But it is racticable to open almost any; form of ank which is provided with a lock adapted to be opened by a key, and customers holding such banks frequently devise or obtain keys or mechanical appliances 'which'can be inserted in the key-hole to operate the-lock and thus the purpose of the system is freqpently defeated. To overcome this diliicu ty I provide a portable bank without a key-hole or any locking means of the bank. The locking means in my invention comprises aspring looking bolt the bank, connected to the locking bolt and adapted to be moved by a magnet a,

T isma the exterior of the bank casing.

net is kept at the savings bank in a-suitab e cabinet with guides thereon for locating the !portable bank so that the armature thereinwill come opposite the poles of'the magnet when the portable bank is placed u on the cabinet. When the portable bank is placed properly upon the cabinet the ma 'et is energized and the armature retract thus instantly unlocking the portable bank. In this way, the proper person at the savings armature with respect to magnet.

to the savingsbank and a section releasing magnet, the portable bank being visible from the exterior on the inner side of the door.- larranged to normally hold the locking bolt within the bank and an armature, also within p 1 l, 5, upon the studs '2, 3, and then pressing the door toward 'the body of the bank the pliedto locking bolt 7 will spring past the catch 72 institution can'open all the portable banks used. The customer, or holder of the portable bank, however, cannot o en the bank by mechanical means and usua 1y has notthe facilities for o ening it magnetically, and has no means or correctly positioning the the pole pieces of a In the accompanyin drawing which illustratesmy invention, igure 1 is a rspective view of the bank with the cor removed; Fig. 2 is a horizontal sectionthrough thesame taken centrally of the locking-bolt,

the bank being inverted; Fig. 3 is a central vertical section taken at right, angles to the coin slot; Fig. 4 is a perspective view of the hinged member of the coin chute; Fig. 5 is through the cabinet containing the shown thereomnnd the locking bolt being shown in dotted lines in open position, Fig. 6 is a top plan view of the cabinet.

Referring to the drawings, A indicates the casing of a portable bank, made entirely of non-magnetic metal, and comprising the ,body a and a movable side or dog a. f Within the body on the side 1 are arranged. :a pair of pintles or zloosely engage ears i of the door, and a 6 of the body is adapted to be engaged by studs 2,- 3, adapted to 4, 5, on the inner face lip or catch b on the side a locking bolt 7 which slides in guides g .A springv 7 is in the locked position. By placing the ears or steel armature and lock the door. An iron to one end of-the h 'is'connected at its center lockin bolt by a pivot pin 8 as shown, in the naked; posi 101th flange 9 on the armag with the armature parallel with the side 1 of the casing. In the unlocked position the armature abuts against the interior flange 10' i and,


. ture rests against theadjacent strap or guide holes or with any locking or unlocking devices visible from the outer side of the easing, and cannot be unlocked by any mechani'cal appliance. I

For the purpose'of opening the banks I provide a cabinet B, which is to be kept at the banking-institution, consisting of a suitable casing having a fiat top platell provided with guide strips 12 and 13 projecting above its surface. Anelectromagnet 14 is arranged Within the cabinet, with its. ole pieces lat projecting through thetop p ate 11 and final with the outer surface thereof. Batteries C are arranged within the cabinet and-connected by'conductors 15 throu h a push-button switch D to the coils 0 the magnet. The guide strips 12 and l3are arranged so that when the bank is placed on the top plate, which forms a support for the bank, the side 1 of the bank casing resting against the top plate 11 and the end 16 of the bank against the guide strip 12 and the door against the strip 13, the two ends 9 of the armature will be opposite-the pole pieces 14 of the electromagnet and the pushbutton will be pressed to its closed position.

The armature bein thus properly located over the magnet and the circuit being closed through the magnet the latter will pull the armature and locking bolt downward until the armature strikes against the rib 10 and l the locking bolt the catch or lip rocked open and The armature is b. The door may then be lifted olf of the studs 2, 3. preferably cut away in the center, as shown, and is centrally pivoted to the locking bolt, so that both ends of the armature must be brought over both poles of thefmagnet in order to operate the locking bolt. Thus if the owner or holder of the bank should try to open it by means of a magnet, if only one pole of the magnet is brought adjacent to one endof the armature, the latter will rock abbut its pivotal point and will not move the latch s'ufiiciently' to open it, and unless the-person tryin to open the bank can locate both ends'of't e armature opposite both poles of the magnet, the

latter will not move the locking bolt to open a position. It is desirable to provide the cabinet for housing the battery and the magnet; but it is evident that the top late with the magnet, push-button and and usedapart from the battery and housing, and that the magnet may be energized from any suitable source of electric current A slot 17 for coins and an opening 18 for bills are provided in the top of thetbank casing, and a coin chute 8 leads vertically downward from the coin slot. This'chute comprises a flat plate 19, suitably secured at its upper end to thc'top of the casing and becomes disengaged from gui es may be supported casing so as to operate the the armature opposlte the magnet provided with side flan es anges and opposed to the plate 19. The plate 21 has ears 22.

nearits center, which extend rearwardly, or away from the chute proper and are connected to the flanges, so that when the bank is held either with the slotted end 'uppermost, "or inverted, the end of the hinged plate that is uppermost swings inwardly to close the chute while the other end swings outwardly. The plate 21 is longer than the stationary member of the chute and the lower end 21 of said. plate is bent over toward the late '19 so that when the bank is inverted t e end 21 swings again'st and overlaps the lower end of the plate 19, thus closing the chute and preventing the passage of coins from the interior of the bank outwardly through the chute when the bank is inverted. The u per end 21 of the plate. is inclined outward so that it will not obstruct the passage of coins into thebank when the latter .is held with the coin slot uppermost.

What I claim is 1. The combination with a portable bank casing having a locking bolt and an armature'therein, said armature being in operative relation to said bolt, the bank casing, a magnet having its poles in fixed relation to said support, and a guide on said support for locating the bank casing in a certain relation to the magnet.

2. The combination with a portable bank casing having'a locking bolt and an armature therein, said armature being in operative relation to said locking bolt, of a plate, a magnet havin its poles in fixed relation to said plate ant i a guide on said plate for locating the bank casing having'a locking bolt and an. armature therein, said armature being in operative relation to said locking bolt, of a cab1- net, a magnet within the cabinet and having its poles projectin at one side thereof, an a guide upon sai bank casing in a certain relationto the mag net poles.

4. The combination with a portable bank casing having a locking bolt and an armature therein, said armature being in opera? tive relation to said locking bolt, of a cabinet having a push-button at one side thereof and a magnet within the poles at the same side thereof asthe pusl1- button, an electric circuit including the pushbutton and the coils of the magnet, and a guide upon the cabinet for locating the bank ash-button and bring poles.

of a support for y or rearwardly, as shown,

casing in a certain relation to the magnet.

3. The combination with a portable bank cabinet for locating the v cabinet having its 5. The combination with a portable bank I casing, said armature and locking bolt being 10 casing having sides of non-magnetic metal, Within the caslng.

euid casing having a door, of a spring lock- In testimony whereof I afiix my signa- 1115 bolt arranged to slide longitudinally in ture in presence of two Witnesses. suitable guides upon the door, said bolt hav- BRYAN S WAKEMAN iug one end adapted to engage with oneside oi the casing, and an armature attached to VVitnessesz the opposite end of said locking bolt and ar- CHAS. W. DAWSON,

ranged :u'ljaeont to the opposite side of the l A. H. VOSBURG.

Referenced by
Citing PatentFiling datePublication dateApplicantTitle
US2754777 *Sep 18, 1953Jul 17, 1956Herring Hall Marvin Safe CompaTruck safe
US3069193 *Apr 12, 1960Dec 18, 1962Gen Motors CorpMagnetically operated door latch
US3342407 *Feb 10, 1966Sep 19, 1967Riegraf Gerhard OReceptacle for concealing valuables
US3626961 *Mar 11, 1970Dec 14, 1971Quinones Carlos ManuelMagnetic hydrant lock
US5193467 *Feb 21, 1992Mar 16, 1993Lichter Robert JSafe with money slot
US6490893 *Aug 11, 2000Dec 10, 2002Jessie K. BenionPortable lockbox
US6962253 *Jul 28, 2003Nov 8, 2005Mczeek VincentPocketsize paper money bank device
US20060060114 *Nov 11, 2005Mar 23, 2006Walker James TSecurity safe
Cooperative ClassificationE05B47/0002