650.00, (par of which is $50.00), on which quarterly divi-
dends of $1.00 a share or 89, per annum, are paid. The
property and plant are valued at $42,920,366.00. Its
investments in stocks, bonds, debentures, etc., of other
companies, are valued at close to $12,000,000.00 and the
latest balance sheet shows total current assets of $118,290,-
191.00.
The floor space used by the Company is more than 200
acres. Its power house capacity is 28,000 horsepower.
Its daily coal consumption is 500 tons, and its average
monthly shipments are 1,000 carloads. Section R, 1610
feet long and 70 feet wide, is one of the largest single areas
in the world devoted to manufacturing purposes. Elec-
trical apparatus made and installed by the Company is to
be found in every civilized country, and ships equipped
with Westinghouse electrical appliances are constantly
traversing the oceans all over the globe. Vessels to the
number of 870 are now in service or under construction
bearing Westinghouse propelling machinery. The Com-
pany introduced the Alternating Current System into
America, initiated the Polyphase Induction Motor, mar-
keted the first successful single reduction railway motor,
and made the first American direct-connected turbine-
generator. Generators are built from 5 to 70,000 Kv-a;
transformers from 34 to 23,000 Kv-a, and motors from
1/100 to 15,000 horsepower.
Mindful of the welfare of its employes, the Company
operates for their benefit the largest industrial eating
house in the world. It also builds houses and sells them
to its employes on easy payments, and it maintains for
their benefit a technical night school which affords a liberal
course of study and fits them to take higher and more
remunerative positions as their ability and knowledge
develop.
The main plant of the Company is at East Pittsburgh,
where electrical apparatus of all kinds is made. Here,
too, is located the Pittsburgh Meter Company, a sub-
sidiary, making water and gas meters. In Pittshurgh is
the R. D. Nuttall Company, another subsidiary, producing
