offices and an export department are maintained in the Westinghouse Building at Penn and Seventh Avenues, Pittsburgh, Pa. The officers of the Company are H. H. Westinghouse, Chairman of the Board of Directors; John F. Miller, Vice Chairman; A. L. Humphrey, President; W. S. Bartholomew, Vice President; Charles A. Rowan, Vice President and Controller; G. W. Wildin, General Manager; S. C. Mec- Conahey, Acting Vice President and Treasurer; Jeptha Newkirk, Assistant Treasurer; J. H. Eicher, Auditor; John I. Rankin, Assistant Auditor; H. C. Tener, Secretary; G. C. Dehne, Assistant Secretary; C. R. Ellicott, Assistant Secretary. The Company’s product includes complete Air Brake Apparatus for Steam and Electric Roads; Friction Draft Gear and Car Couplers for Steam Road Service; Auto- matic Car-Air and Electric Couplers for Electric Railways; Steam-Driven, Motor-Driven and Belt-Driven Air Com- pressors, Governors and Accessories for Industrial Service; Feed Water Pumps; Air Storage Reservoirs; Test Racks for Air Brake Maintenance; Leather and Composition Gaskets and Brake Cylinder Packing Cups. The stock has heen earning and paying a regular quarterly dividend of $1.75 per share. The Westinghouse Air Brake Company gives to the Pittsburgh District the distinction of having supplied by ‘ar the larger part of all Air Brake apparatus that is in use today on steam and electric roads throughout the world. The importance of the device in connection with modern transportation cannot be ‘too strongly’ emphasized. Through its marvelous efficiency, it enables an engineman to maintain perfect control over a train of any speed, length and weight that the most powerful locomotive can haul. Before its invention, light trains and low speeds were the rule, due largely to a lack of adequate braking facilities. By making it possible to operate on a vastly larger scale, therefore, the Air Brake has played a vital part in the development and growth of the nation, which is admittedly a result of our great transportation systems. Being an integral part of virtually every steam and