The story of Pittsburgh: Electrical appliances

Electrical appliances (Vol. 1, nr.6)

Bibliographic data

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:: 1831623145

URN:: urn:nbn:de:zbw-retromon-239771

Document type:: Volume

Title:: Electrical appliances

Volume count:: Vol. 1, nr.6

Place of publication:: Pittsburgh

Publisher:: First National Bank

Year of publication:: 1921

Scope:: [ca. 16] Seiten

Digitisation:: 2022

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

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Document type:: Multivolume work

Structure type:: Chapter

Title:: Electrical Appliances

Collection:: Economics Books

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

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