of Lieuts. Walter Hinton, Stephen A. Farrell and A. L.
Kloor would be lying in the snow many miles beyond the
nearest telegraph station of the Hudson Bay Company,
instead of returning home in safety.
I'HE WESTINGHOUSE AIR BRAKE COMPANY
The Air Brake, universally famous as one of the greatest
factors in the successful development of modern rail trans-
portation, ranks as the first notable invention of the late
George Westinghouse, hence, the Westinghouse Air Brake
Company is the oldest of the many industrial enterprises
which owe their existence to the genius of the renowned
inventor-manufacturer, having been incorporated in 1869,
ander the laws of Pennsylvania with an authorized capital
of $500,000 of the par value of $50 a share, and beginning
operations the same year in a modest plant at Liberty
Avenue and Twenty-fifth Street, Pittsburgh.
Contrary to popular tradition which accredits Mr.
Westinghouse as having endured many discouraging
hardships in attempting to market the Air Brake, the
original facilities of the Company were from the beginning
too limited to fill the orders that were received almost
immediately after the first successful demonstrations,
which took place on the Pan-handle Division of the Pitts-
burgh, Columbus, Cincinnati and St. Louis Railroad,
between Pittsburgh and Steubenville, O., in 1868. Every
addition was made to the first building that the site would
accommodate, but in 1881, it became necessary to move
the plant to larger quarters in Allegheny, now the North
Side of Pittsburgh.
The first increase in the capital stock was made in 1872
when $100,000 was added to the original $500,000. A
further rapid growth of business in the next few years,
however, called for greater expansion, and on September 7,
1886, another increase in the capital stock was authorized,
this time from $600,000 to $3,000,000. Two years, later
in 1888, the need of larger capital was again felt, resulting