262 



1HE INDIA RUBBER WORLD 



[ M » i, 1903. 



of water that the natives going thither to work had to carry 

 water with them, returning when the supply was exhausted. 

 Herr Schlechter states that the plants grow near Stanley Pool 

 on such sandy— and therefore unfertile — soil as nowhere exists 

 in Kamerun. It would appear, therefore, that these plants are 

 adapted to regions not suited to the growth of Castilloa or 

 Hevea species, and the planting of them thus far in Africa has 

 been done on the same estates with the Cearti rubber {Manikot 

 Glaziovii). 



The latest business reports of several Belgian trading com- 

 panies holding concessions in the Congo Free State allude to 

 the rubber planting done by them. The company of the 

 Plantations de la Lukulu report having planted 6000 Manikot 

 trees and 8000 lianes (creepers), with 50,000 of the former and 

 12,000 of the latter still in nurseries. The Cie. Sucriere Euro- 

 peenne et Coloniale report planting 22,171 fiiwMJand 748 Mani- 

 kot trees, besides other species. The Plantations de La Luki 

 had planted 16,584 lianes and specimens of nine different rub- 

 ber trees, and had several thousand Manikot plants in nurser- 

 ies. As to the lianes planted, on account of the local names 

 being used, it is not clear what is the species. The first named 

 company mention planting " malumbo," which, by reference to 

 (iallier f would indicate some variety of Landolphia. The 

 other two companies, however, report the planting of " lombo,'' 

 t Ueber Kautschuklianen unci Andere Apocyneen. Hamburg: 1900. 



which suggests the Clitandra, a genus of " root rubber " plants. 

 The companies referred to are operating in the Mayombe 

 country, on the lower Congo — immediately north of the district 

 in Angola previously referred to. 



It may be noted that all of the species of Landolphia are not 

 of the giant creeper class, but some are included among the 

 plants producing " Caoutchouc des herbes," or " root rubber." 

 Such a plant is shown in the illustration, accompanying this 

 article, of Landolpkia Tkollonii. The other illustration relates 

 to Carpodinus lanceolatus. By the way, in the present confused 

 state of the nomenclature of African rubber yielding species, 

 the same plant is referred to as ' arpodinus by one writer and 

 Clitandra by another, and possibly as Landolphia by a third. 

 Herr I Iallier, in his monograph on the Apocynacece, after a 

 comparison of all the data accessible, recognizes 21 established 

 species of Carpodinus, 15 of Clitandra. and 20 of Landolphia. 

 It need occasion no surprise, therefore, if different obseivets, 

 under different conditions, should apply different designations 

 to the same plant. 



It is plain that with the extensive production in the districts 

 alluded to in this paper, the total exhaustion of " root rubber " 

 — without replanting —is inevitable. In this connection the 

 decline which has occurred already in the exports from Ben- 

 guela is significant, the figures showing only 1,034,605 pounds 

 for 1902, against 4,942,148 in 1898. 



RUBBER GOODS MANUFACTURING CO. 



business, and Mr. Lewis D. Parker also president and manager of those 

 companies manufacturing tires, and the sales for the three months ending 

 March 31, 1903, are in excess of the corresponding period of last year. 

 The financial statement is accompanied by a certificate from 

 the company's auditors, Messrs. Bragg & Marin, chartered ac- 

 countants, to the effect "that the various inventories of the 

 constituent companies have been taken upon a proper and con- 

 servative basis. That the bills and accounts receivable have, 

 in every instance, been taken at a valuation which insures that 

 at least the amount at which they are taken will be realized in 

 the due course of business." 



BALANCE SHEET. 



[In the report as presented, all statements referred only to the last business year. But for convenience of comparison, the figures 

 1.1 the previous three years are here included, as shown in the respective annual reports. For a fuller understanding of the 

 earlier figures, reference is made to Tup. Ism v Rt/BBBR Wori D of May I, 1002 — page 242 ] 



I^HE fourth annual meeting of the stockholders of the 

 Rubber Goods Manufacturing Co., incorporated under 

 the laws of New Jersey, was held on April 9, at the 

 registered offices of the company in that state, No. 60 

 Grand street, Jersey City. The annual report of the president, 

 Alden S. Swan, presented in printed form and read at the 

 meeting, follows in full : 



It is with great pleasure that I report the results of the business of 

 your company during the past year and as near as possible to March 31. 

 They have proven the most satisfactory in the history of the company. 

 One year ago this corporation was owing a large amount of bills 

 and accounts payable 

 amounting to about $ 1 , 100,- 

 000. This has all been 

 liquidated and the company 

 is entirely free from debt. 

 By the auditor's report an- 

 nexed, you will find that 

 there has bi en charged off 

 for maintenance, repairs, 

 and depreciation the total of 

 $685,830.28. This is con- 

 siderably more than the three 

 preceding years combined 

 Ourallied companiesshow 

 an increase in business up 

 to the time of the Chicago 

 strike, which lasted about 

 three months. This inter- 

 fered with our sales. Never- 

 theless, the total results are 

 very satisfactory and com- 

 pare favorably with previous 

 years. Mr. Charles II. I>ale 

 has assumed the presidency 

 and management of the com- 

 panies doing a mechanical 



Cash 



Mortgage notes (for property sold) 



Accounts and bills receivable 



Treasury stock at cost 



Plants owned $120,000 00 



Furniture owned 1,026.80 



Net earnings of properties less amount 



received to date 



Investments, Stocks of allied companies 



M.i 1 



$ 56,619 36 



31,000 00 



205,537.13 



ASSETS. 



121,026 So 



24,808,279.69 



Dec. 31, 1901. 



$ 74.323-07 



15,000.00 



876,856.83 



292,443.00 



110,856.05 

 24,928,646.83 



Feb. 1, root. 

 $425,746 42 



Feb. 10, 1900. 

 $318,246.72 



45.5S5-I9 



765.589-51 



1,271,783.77 

 25.141,149 09 



Total $25,222,462. 



$26,298,125.78 



LIABILITIES. 



Mar. ■! . [90 . 



Pills payable (for money borrowed). . . . $ 



Accounts payable, to allied companies. . 



Accounts payable, to others 



Deposits by companies 



Preferred stock 8,051,40000 



Common stock 16,941,700.00 



Dec 31, 1901. 

 $ 450,000 00 

 597,326 42 

 53.65744 



$26,884,264.47 

 Feb. 1, 1901. 



557,297.04 

 22,129,732.28 



$23,770,865 55 

 Feb. 10, 1900. 



8,051,400.00 

 16,941,700.00 



405,3'7.33 



8,051,400.00 



16,941,700 OO 



7.621,300.00 

 [ 5,134,000.00 



Total $24,993, too. 00 



Surplus $229,362.98 



$26,094,083 86 

 $204,041.92 



$25,398,417.33 

 $1,485,847.14 



$22,755,900.00 

 $1,014,965.55 



