ASCII was presented on paper tape where the lower 5 bits cross sprocket holes as following
While FIELDATA chose the other way
I found placing the higher, flag bits at the narrow side appealing, since you have 5 consecutive bits on one side for 26 characters. but why the contrary way was chosen?
REF: Character Codes
LINK: I don't see why punched card is any better than fanfold tape, but I digress.