Business & Finance: Air Brakes

A shining exception to the old rule that inventors never get rich was that most ingenious of all Yankee tinkerers, the late great George Westinghouse. He founded scores of concerns to exploit his contraptions. At one time he was worth at least $50,000,000. Heads of the Westinghouse corporate family have always been Westinghouse Electric & Manufacturing, which passed from the founder's control in the panic of 1907, and Westinghouse Air Brake, which was the first but is no longer the foremost. Today Air Brake's assets of $55,000,000 are topped by Electric's $181,000,000....

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!