The story of Pittsburgh: Glass

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Multivolume work

Identifikator:: 1831622599

Document type:: Multivolume work

Title:: The story of Pittsburgh

Place of publication:: Pittsburgh

Publisher:: First National Bank

Year of publication:: 1919-1930

Collection:: Economics Books

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Volume

Identifikator:: 1831623056

URN:: urn:nbn:de:zbw-retromon-239768

Document type:: Volume

Title:: Glass

Volume count:: Vol. 1, nr. 5

Place of publication:: Pittsburgh

Publisher:: First National Bank

Year of publication:: 1920

Scope:: [ca. 16] Seiten

Digitisation:: 2022

Collection:: Economics Books

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Chapter

Document type:: Multivolume work

Structure type:: Chapter

Title:: American window Glass Machine Company

Collection:: Economics Books

acquired this control by the exchange of one share each of the Machine company for the common stock of the Window Glass Company. The latter leases on a royalty basis the patent rights owned by the Machine Company. The original company was incorporated under the laws of Pennsylvania in August, 1899, and was formed by the acquisition of 20 companies, which at that time produced 5% of the window glass manufactured in the United States. The American Window Glass Machine Company was incorporated under the laws of New Jersey in 1903. It owns practically all of the stock of the American Window Glass Company, which is the largest manufacturer of window glass in the United States. Its capitalization consists of $6,998,993 cumulative 79, preferred stock and $12,997,993 common stock. There are no bonds or other funded debt. The company owns the exclusive rights in the United States to patents on machines for the manu- facture of window glass, which rights are leased on a royalty basis to the American Window Glass Company. With the use of these machines window glass can be made more cheaply than by any other process. Through its subsidiary, the company is operating manufacturing plants in seven cities of Pennsylvania and Indiana. The Machine Company is paying 129%, dividends on the common stock and 7% on the preferred. The company has been uni- formly successful in defending its ownership of patents, there having been much litigation against concerns for using the machines without license. Courts have decided that such companies are liable for every foot of glass made, :ogether with future royalties for the use of the machines. The American Window Glass Company blew glass by hand until 19038, when machines were adopted and installed for the mechanical drawing of window glass cylinders entirely abandoning the hand-blowing method. This improvement reduced the number of 41 hand-blowing plants to 6 machine-blowing plants. These are located at New Kensington, Jeannette, Belle Vernon, Monongahela City

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