With the backing of Philadelphia and New York investors, he formed the Nittany Iron Company, which bought and rehabilitated the furnace, returning it to blast on June 5, 1902, under Frank H. Clemson (former chief of mining at Gephart's Bellefonte Furnace Company).
Backed by investors from Philadelphia and New York, he created the Nittany Iron Company, which purchased and renovated the furnace, restarting production on June 5, 1902, under Frank H. Clemson (former chief of mining at Gephart's Bellefonte Furnace Company).