314:
385:. He took the risk of buying Studebaker despite the liabilities that came with it, including dealer warranties and union agreements. He saw that Onan generators and STP engine additives were healthy businesses. The large tax loss was also valuable. Worthington was expected to continue to earn steady profits, but could use the tax loss to avoid paying taxes. The stockholders of Studebaker and Worthington approved the merger despite rumors that the Federal Trade Commission considered the merger would be "substantially anti-competitive". Studebaker was acquired by Wagner Electric, which in turn was merged with Worthington Corporation to create Studebaker-Worthington.
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George F. Blake
Manufacturing Company, an ISPC subsidiary, had liabilities that included $ 1 million of mortgage bonds and $ 500,000 of preferred stock of BKSPW. The ISPC 1904 Annual Report noted that BKSPW had been dissolved in 1903, replaced by a company with the same name based in New Jersey. An October 1908 description of the Blake-Knowles Steam Pump Works in
1410:
258:. Worthington Pump Works was the largest of the merged firms. Charles Campbell Worthington was president of the company until he retired in 1900. Guggenheim became president of the ISPC. The ISPC soon ran into financial difficulties, and Guggenheim invested increasing amounts of capital to keep it afloat.
361:
In 1952 the company became the
Worthington Corporation. As of 1956 the Worthington Corporation had laboratories in Harrison, Holyoke, and Buffalo. The labs employed five chemists, forty engineers, four mathematicians, four metallurgists, two physicists and thirty five others. They conducted research
261:
BKSPW had been registered in
England in 1890 with a capital of £300,000 to purchase in full the George F. Blake Manufacturing Company and the Knowles Steam Pump Works, with three plants in the United States. In its 1901 Annual Report the ISPC reported holding £200,000 of ordinary shares in BKSPW. The
219:
learned of the
Worthington company because of this order, and on 13 December 1885 signed an agreement with the Worthington Pumping Engine Company under which they gained exclusive manufacturing rights for Worthington pumps in Britain. The British company's pumps were sold in the English and Colonial
281:
to manufacture mining machinery. In 1906 it was merged into the ISPC. By 1909 the ISPC as a whole was employing 10,000 men. In May 1910 Benjamin
Guggenheim reported strong results with net earnings of about $ 2 million and profits of about $ 700,000. The company had purchased the JeanesvilIe Iron
241:
was a member of a family that had made a fortune in the smelting business in the United States, largely through his efforts, and that controlled the
American Smelting and Refining Company. Guggenheim founded the International Steam Pump Company (ISPC). The ISPC was organized by the
292:
and died on 15 April 1912 when the ship sank. The
International Steam Pump Company went into receivership in 1914. A plan of reorganization was issued on 5 August 1915 and under this plan the firm was reorganized in 1916 as the Worthington Pump & Machinery Corporation.
253:
The ISPC merged Blake and
Knowles Steam Pump Works, Ltd. (BKSPW), Worthington Pump Works and other companies that together made up a large part of total American capacity for making steam pumps. The company's products were diverse, including the elevators for the
424:
1903 the London-based James
Simpson and Worthington Pumping Engine Company companies merged to become the Worthington Pump Co. The merger applied to the London-based Worthington Pumping Engine Company. The American parent remained independent.
313:
353:, England. In 1917 the independent but associated British Worthington Pump Co. changed its name to Worthington Simpson. The Worthington Pump and Machinery Corporation purchased a stake in Worthington-Simpson in 1933.
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In 1885 the
Worthington Pumping Engine Company, representatives of Worthington pumps of the US, obtained an order from the British Army to deliver ten high-pressure pumps to deliver water needed by the
282:
Works Company and had obtained a controlling interest in the Denver Rock Drill and Machinery Company, adding at least 30% to capacity. The Holly Manufacturing Company (1859–1912) was acquired in 1912.
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192:(1854–1944). While head of the company, Worthington contributed many useful improvements to pumps, compressors, and other machines. The company moved from Brooklyn to
1442:
166:. The partnership was dissolved around 1860 when Baker died. A new partnership called Henry R. Worthington, or Worthington Hydraulic Pump Works, was formed in 1862.
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was a diversified American manufacturer that had its roots in Worthington and Baker, a steam pump manufacturer founded in 1845. In 1967 it merged with
1125:
1222:
266:, part of the International Steam Pump Company, said it was the second largest of its kind in the United States, employing more than 1,700 men.
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Chelsea to Cairo-- 'Taylor-made' Water Through Eleven Reigns and in Six Continents: A History of John Taylor & Sons and Their Predecessors
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The merger was completed in November 1967, creating a company with $ 550 million of assets. The former chairman of Worthington,
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From Steam to Diesel: Managerial Customs and Organizational Capabilities in the Twentieth-Century American Locomotive Industry
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and William H. Baker. Worthington was the inventor of the direct acting steam pump. The first foundry was near the
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Worthington and Baker, manufacturers of hydraulic machinery such as steam pumps and meters, was founded by
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McGraw-Edison purchased Studebaker-Worthington in 1978. McGraw-Edison was in turn acquired by
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The British pump suppliers could not deliver the pumps fast enough. The British company
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water, and water for fire fighting and general services aboard various ships during the
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Specimen 1909 $ 1,000 bond issued by the International Steam Pump Company of New Jersey
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1922 advertisement for mine pumps from the Worthington Pump and Machinery Corporation
132:
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The Worthington Steam Pumping Engine: History of Its Invention and Development...
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Romancing the Roads: A Driving Diva's Firsthand Guide, East of the Mississippi
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Titanic: One Newspaper, Seven Days, and the Truth That Shocked the World
286:
1424:, OEM, services and parts company, legacy spin-off established in 2012
681:
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The Worthington Pump and Machinery Corporation had subsidiaries in
188:. After Henry Worthington died in 1880 he was succeeded by his son
324:
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227:
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1319:
The History of Foreign Investment in the United States to 1914
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into hydrodynamics, thermodynamics, mechanics and materials.
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600:
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The Monitor Boys: The Crew of the Union's First Ironclad
1246:"Studebaker, Worthington Vote Merger Despite Antitrust"
786:
573:
571:
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392:, was appointed president and chief executive officer.
1463:
Defunct manufacturing companies based in New York City
917:
Scale and Scope: The Dynamics of Industrial Capitalism
556:
554:
552:
550:
297:
Worthington Pump and Machinery Corporation (1916–1952)
1109:
Industrial research laboratories of the United States
162:. In 1854 the partners moved to Van Brunt Street in
103:
93:
85:
77:
67:
59:
51:
1316:
1002:
969:
309:logo used on Worthington products, circa 1925-1950
173:used Worthington pumps to pump boiler feed water,
463:
1267:The Cravath Firm and Its Predecessors, 1819-1947
729:Engineering Corporation Acquires Alco Products
396:of Studebaker was chairman of the new company.
317:Worthington Pump and Machinery Corporation in
1126:"C. C. Worthington and the Worthington Mower"
890:More Than They Promised: The Studebaker Story
27:For the diversified metals manufacturer, see
8:
1349:"Worthington Corporation Records, 1859–1960"
224:International Steam Pump Company (1899–1916)
34:
511:
1448:1967 disestablishments in New York (state)
682:Worthington Corporation Records, 1859–1960
40:
33:
1453:American companies disestablished in 1967
1438:Companies based in Holyoke, Massachusetts
475:
798:
616:
277:In 1903 Guggenheim founded a factory in
1443:1845 establishments in New York (state)
1147:. Max McGraw Foundation. Archived from
822:
640:
604:
499:
437:
417:
131:. This company was in turn acquired by
1458:American companies established in 1845
1124:Maurer, Joe (September–October 1999).
810:
705:
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589:
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693:
577:
560:
452:Worthington Hydraulic Pump Works, EMJ
7:
1323:. Harvard University Press. p.
759:
717:
1009:. Taylor Trade Publishing. p.
775:Studebaker, Worthington Vote Merger
653:Blake-Knowles Steam Pump Works 1908
527:James Simpson and Co: Grace's Guide
357:Worthington Corporation (1952–1967)
1381:"Worthington Hydraulic Pump Works"
1001:Davis, Gerry Hempel (2011-11-16).
542:A History of Excellence: Flowserve
365:In 1964 Worthington purchased the
139:Worthington Pump Works (1845–1899)
25:
972:The Guggenheims: An American Epic
914:Chandler, Alfred D (2009-06-30).
381:was arranged by the entrepreneur
1408:
1037:Studebaker: The Complete History
865:"Blake-Knowles Steam Pump Works"
1422:Worthington Compressor Services
1112:. National Academies. NAP:14697
941:Churella, Albert (1998-08-03).
46:The Worthington "Flying W" logo
1385:Engineering and Mining Journal
1363:Worthington, Henry R. (1887).
1182:Roberts, Gwilym (2006-01-01).
947:. Princeton University Press.
285:Guggenheim was a passenger on
18:Worthington Steam Pump Company
1:
1270:. The Lawbook Exchange, Ltd.
1223:"Studebaker History Timeline"
1061:Hines, Stephen (2011-09-01).
968:Davis, John H. (1994-08-01).
893:. Stanford University Press.
665:Steam Pump Has Good Year 1910
373:Merger with Studebaker (1967)
1291:Weir, William (2008-02-01).
1040:. MotorBooks International.
920:. Harvard University Press.
190:Charles Campbell Worthington
1163:Quarstein, John V. (2010).
887:Bonsall, Thomas E. (2000).
845:. Flowserve. Archived from
787:Studebaker History Timeline
367:American Locomotive Company
1479:
1264:Swaine, Robert T. (1946).
1204:"Steam Pump Has Good Year"
202:British Expeditionary army
148:Henry Rossiter Worthington
72:Henry Rossiter Worthington
26:
1294:History of the Weir Group
1132:. Ogden Publications, Inc
840:"A History of Excellence"
39:
1034:Foster, Patrick (2008).
264:Cambridge, Massachusetts
1415:Worthington Corporation
1106:Mauk, James F. (1956).
217:James Simpson & Co.
117:Worthington Corporation
35:Worthington Corporation
1089:"James Simpson and Co"
732:Railway Transportation
377:In 1967 a merger with
343:Holyoke, Massachusetts
330:
322:
319:Holyoke, Massachusetts
310:
274:
235:
151:
129:Studebaker-Worthington
98:Studebaker-Worthington
29:Worthington Industries
1417:at Wikimedia Commons
1227:StudebakerHistory.com
1167:. The History Press.
875:(52). 31 October 1908
750:July 31, 1967 page 64
744:Worthington to merge
464:Max McGraw Foundation
328:
316:
304:
272:
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204:coming to the aid of
146:
1250:The Montreal Gazette
1067:. Sourcebooks, Inc.
976:. SP Books. p.
246:legal firm in 1899.
194:Harrison, New Jersey
1130:Gas Engine Magazine
735:October 1964 page 8
239:Benjamin Guggenheim
233:Benjamin Guggenheim
156:Henry R Worthington
36:
1252:. 16 November 1967
1208:The New York Times
1188:. Thomas Telford.
869:Cambridge Sentinel
331:
323:
311:
275:
250:were the bankers.
236:
179:American Civil War
171:United States Navy
160:Brooklyn Navy Yard
152:
150:, at the age of 48
1413:Media related to
1334:978-0-674-39666-1
1304:978-1-86197-886-8
1297:. Profile Books.
1277:978-1-58477-713-7
1195:978-0-7277-3411-2
1074:978-1-4022-5667-7
1047:978-1-61673-018-5
1020:978-1-58979-620-1
987:978-1-56171-351-6
954:978-1-4008-2268-3
927:978-0-674-02938-5
900:978-0-8047-3586-5
401:Cooper Industries
383:Derald Ruttenberg
339:Buffalo, New York
335:Atlanta, Georgia
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1231:the original
1226:
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1153:. Retrieved
1149:the original
1145:"Max McGraw"
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104:Headquarters
811:Foster 2008
747:Railway Age
706:Swaine 1946
629:Maurer 1999
590:Swaine 1946
488:Maurer 1999
1432:Categories
1394:2014-05-12
1372:2013-10-24
1370:Retrieved
1355:2013-10-22
1340:2013-10-28
1283:2013-10-28
1256:2013-10-22
1237:2013-10-21
1214:2013-10-28
1155:2013-10-21
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856:2013-10-23
694:Hines 2011
578:Davis 1994
561:Hines 2011
407:References
379:Studebaker
307:winged sun
121:Studebaker
760:Weir 2008
718:Mauk 1956
433:Citations
403:in 1985.
287:RMS
279:Milwaukee
220:markets.
212:, Sudan.
196:in 1904.
135:in 1979.
94:Successor
1315:(1989).
369:(Alco).
210:Khartoum
164:Brooklyn
127:to form
52:Industry
832:Sources
289:Titanic
185:Monitor
78:Defunct
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321:(1937)
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89:Merged
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843:(PDF)
412:Notes
175:bilge
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349:and
305:The
183:USS
169:The
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86:Fate
81:1967
63:1845
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