Business & Finance: Westinghouse & Earnings

To the 46,000 stockholders of Westinghouse Electric & Manufacturing Co. went last week an exhaustive annual report accompanied by an elaborate 40-page booklet prepared in connection with the company's soth anniversary celebration. Westinghouse, Past, Present and Future paid long and deserved homage to Founder George Westinghouse, the prolific Yankee genius who invented the railroad air brake before he was 23, later pioneered in electrical equipment.* Conspicuously missing from the commemorative booklet was the fact that George Westinghouse was ousted from his own company seven years before he died in 1914 at the...