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).
With the support of Philadelphia and New York investors, he established the Nittany Iron Company, which acquired and restored the furnace, resuming operations on June 5, 1902, under Frank H. Clemson (former head of mining at Gephart's Bellefonte Furnace Company).