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....

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