from his own mind he developed idea after idea, industry 
after industry, until he found himself at the head of manu- 
facturing establishments of great magnitude, which on 
the American continent and in countries across the oceans, 
employed 50,000 persons and capital amounting to 
$200,000,000. 
While Mr. Westinghouse was the inventor of very 
many useful appliances, it is his connection with electricity 
of which we would speak first. His name is daily heard on 
the floors of the stock exchanges of the world, for when a 
broker bids for “Westinghouse,” everyone knows he is 
buying the stock of the Westinghouse Electric and Manu- 
facturing Co., a great Pittsburgh concern, with ramifica- 
tions all over the globe. 
The Westinghouse Electric and Manufacturing Company 
was organized in 1886, with 200 employees. It now uses 
the services of 50,000 men and women, with a monthly 
payroll averaging over $4,250,000. Since 1914, the 
capacity and output of the company’s plants have about 
doubled, while the volume of sales, due to increased costs 
and prices, has almost quadrupled. The latest statement 
of the company said the amount of unfilled orders on the 
books exceeded $95,000,000, showing an increase of about 
$24.000,000 in five months. This statement also said: 
“It is the opinion of your Board that the electrical 
manufacturing field never presented such possibilities for 
continued large business as at the present time. The 
increased cost of fuel and the demand for its conservation 
will result not only in the development of water powers, 
but also, it is believed, in the establishment of large central 
steam power stations located near the coal fields. The 
electrification of railroads has been demonstrated as the 
best solution of the pressing traffic problems in many con- 
gested districts and mountain sections, while the demand 
for the products of your Company for use in the marine 
field is rapidly increasing. There is also a great broaden- 
ing use of electricity in the daily life of the people.” 
The capital stock of the Westinghouse Electric & 
Manufacturing Company consists of $3,998,700.00 Pre- 
ferred and $70,8138.950.00 Common. or a total of $74.812.-