GEORGE WESTINGHOUSE JR. - DOCUMENT SIGNED 01/27/1896 CO-SIGNED BY: H. H. WESTINGHOUSE, HARRIET WESTINGHOUSE, LOVANTIA A. WESTINGHOUSE, EMELINE WESTINGHOUSE, FRANK MOORE, GEORGE W. MOORE - HFSID 4294
Sale Price $1,700.00
GEORGE WESTINGHOUSE, JR. and OTHERS
George Westinghouse, Jr. and six other sign a document transferring property.
Typed Document Signed: "Geo. Westinghouse Jr", "H Herman Westinghouse", "Harriett Anna Westinghouse", "Frank Moore", "George W. Moore", "Lovantia A Westinghouse", "Erskine Westinghouse" and "George W Jones", 5p, 8x12½, separate sheets, affixed to 8x13 blue folder. No place, 1896 January 27.Docketed: "Trust Agreement/Geo. Westinghouse Jr, H. Herman Westinghouse and George W. Jones Trustees/Dated January 27, 1896/Executed in triplicate" on verso of mounting folder. In part: "THIS INDENTURE, made this 27 day of January 1896, by and between Geo. Westinghouse, Jr., H. Herman Westinghouse, Harriet Anna Westinghouse and Frank Moore of the City of Pittsburgh, Pennsylvania, and George W. Moore, Loventia A. Westinghouse and Erskine Westinghouse of the City of Schenectady, New York, parties of the first part, and Geo. Westinghouse, Jr. and H. Herman Westinghouse of the City of Pittsburgh, Pa. and Geo. W. Jones of the City of Schenectady, N.Y., parties of the second part, WITNESSETH: WHEREAS, the said parties of the first part have on the day of the date of these presents, transferred, set over and delivered unto the said parties of the second part the following assets and property, viz: - 166 shares stock of The Westinghouse Air Brake Company of Pittsburgh, Pa., of the par value of $50.00 per share, a promissory note of The Westinghouse Company of the City of Schenectady, N.Y. for $5000, certain household goods and furniture, late the property of George Westinghouse, deceased, now in the house and premises knows as No. 16 State Street in the City of Schenectady, N.Y., also Twenty-one hundred and Sixty-five 80/100 dollars in cash, with the intent and purpose that said parties of the second part, and the survivor or survivors of them shall hold the said assets and property in a trust fund, to be held and used by said parties of the second part or the survivor or survivors of them as trustees for the uses and purposes and for the time and the manner herein set forth. The said trust is to continue for the term of twenty years unless some one or more of the three beneficiaries specifically named hereinafter shall survive that period in which event said trust shall continue during the life time of the last survivor of said portion as hereinafter mentioned for the distribution of the remaining principal of said trust fund upon the determination of that trust...." In 1893, three years before he signed this document, George Westinghouse, Jr. (1846-1914), who had acquired Nikola Tesla's patents for the polyphase system of alternating current and induction motor, lit the World's Columbian Exposition in Chicago. It was a contributing factor in Westinghouse Electric Company being given the contract to install the first power machinery at Niagara Falls. In 1869, four years after inventing a small rotary steam engine at his father's agricultural machinery shop in Schenectady, Westinghouse invented the railroad air brake and organized the Westinghouse Air Brake Co. to manufacture it. He became a pioneer in introducing the high-voltage alternating-current single-phase system for the transmission of electricity in America. In 1886, ten years before he signed this trust agreement, Westinghouse organized the Westinghouse Electric Co.for manufacturing and marketing purposes. Among his more than 400 patents were a number of devices for the practicable and economical transmission of natural gas. Lightly creased. First page is lightly soiled. Folder is lightly soiled. Shaded on verso, touching docket. Chipped at blank left and right edges. Overall, fine condition.
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