Juan Viejo2: The problem with the WT Society is that they equate "new light" with telling lies about the "old light." By saying that Russell and his followers "were looking forward to 1914," when in fact they were really looking to 1881, 1884, and back at 1799, is not "new light" - it's lying!
I can say that Russell was looking forward to 1914 as the end of the Gentile Times and the beginning of the time of trouble (at least from 1904 on to 1914). He died believing that the time of trouble had indeed begun in 1914. He certainly was not looking forward to 1914 as Christ's return.
On the other hand, there was no centralized controlling organization in the days of Russell, and many of Russell's associates had differing opinions about the times of the Gentiles. Some were claiming that the Gentiles Times would end in October of 1915, not October of 1914. Some others believed the Gentile Times would end in 1933. Russell, while he gave his reasons for disagreeing with those conclusions, allowed for such disagreements with him.
Even the Edgars (John and Morton) disagreed with Russell in some respects, but Russell even allowed announcements of the Edgars publications to be presented in the Watch Tower.
There were also many ideas being presented amongst the Bible Students before 1914 about how long the "time of trouble" would last after 1914, and what to expect in 1914 or thereafter. Many of the differrence opinions were published in the pages of the Watch Tower. Russell in 1904 mentioned the Edgars thought of one year but rejected that, stating that we have no scripture to support the one year conclusion. In 1905, in the pages of the Watch Tower, Russell presented two differring opinions about how long the "time of trouble" would last, that of the Edgars, who presented the parallet that would allow it one year, from October of 1914 to October of 1915, and another of U. G. Lee., who presented a parallelt that allowed for six years, thus ending the "time of trouble" in 1920. (At times after that, Russell seemed to favor the one year theory, but at the same time he allowed for other opinions.) Both of these opinions proved to be wrong, but the point is that Russell was not dogmatic about what to expect in 1914, or 1915, or 1920, or 1933, etc. He said that he allowed others to have their views, and admitted the possibility that he could be wrong in his calculations and expectations.
Nevertheless, I along with many other Bible Students, do believe he was right in the expectation that "the time of trouble" was to begin in 1914, and that we are still in that "time of trouble" to this day. On the other hand, there are also many Bible Students who have many other opinions about 1914. A true Bible Student will be like Russell was, and not seek bind all other brothers and sisters in Christ to their own theories in this matter, for such is sectarianism. All things will be cleared up eventually in God's own due time.