File:National Cash Register Company.jpg|
Photograph of the National Cash Register Company headquarters in Dayton, Ohio (taken in the 1960s).
James Ritty was born on October 29, 1836, in Dayton, Ohio. As a young man he briefly attended college to study medicine, but with the American Civil War's outbreak, Ritty left school and enlisted in the Fourth Ohio Volunteer Cavalry as a first lieutenant. He served honorably for three years, leaving the Union Army in 1864, having attained the rank of captain.
In 1871, Ritty became a saloon owner in Dayton. Unfortunately for Ritty, some of his employees stole money from the business. In 1878, while on a ship bound for Europe, Ritty saw a machine that counted the number of times that the ship's propeller completed a revolution. Using the same sort of technology, Ritty became convinced that he could invent a machine that could keep track of his sales. He returned to the United States, and with the assistance of his brother, a mechanic, he invented the first cash register. He patented his invention on November 4, 1879, and called it "Ritty's Incorruptible Cashier." Ritty's machine did not have a cash drawer. Instead, it simply recorded the number of sales and also the amount of each one. This machine allowed Ritty to keep accurate track of the number of sales and the amount of each sale that was made.
Upon patenting his invention, Ritty established a company to manufacture the cash registers in Dayton. Unfortunately, Ritty's invention did not draw much enthusiasm from other business owners, and Ritty's new company quickly closed. Ritty eventually sold his patent to a group of Ohio investors. Among them was John H. Patterson, who eventually turned Ritty's invention into a fortune. In 1884, Patterson founded the National Cash Register Company.
After selling his patent, Ritty remained in the bar business. He finally retired in 1895, primarily due to poor health. He remained in Dayton for the rest of his life, dying on March 29, 1918.