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.

Chapter

Document type:: Multivolume work

Structure type:: Chapter

Title:: Electrical Appliances

Collection:: Economics Books

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.-

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