While head of the company, Worthington contributed many useful improvements to pumps, compressors, and other machines.

[9] The ISPC soon ran into financial difficulties, and Guggenheim invested increasing amounts of capital to keep it afloat.

[10] 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.

The 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.

[9] In May 1910 Benjamin Guggenheim reported strong results with net earnings of about $2 million and profits of about $700,000.

[20] The Worthington Pump and Machinery Corporation had subsidiaries in Atlanta, Georgia ,Buffalo, New York, Holyoke, Massachusetts, Cincinnati, Ohio and London, England.

The labs employed five chemists, forty engineers, four mathematicians, four metallurgists, two physicists and thirty five others.

[23] He took the risk of buying Studebaker despite the liabilities that came with it, including dealer warranties and union agreements.

[25] Studebaker was acquired by Wagner Electric, which in turn was merged with Worthington Corporation to create Studebaker-Worthington.

[27] The former chairman of Worthington, Frank J. Nunlist, was appointed president and chief executive officer.

[29] Notes Citations Sources Media related to Worthington Corporation at Wikimedia Commons