May i, 1903] 



THE INDIA RUBBER WORLD 



263 



INCOMES AND DISBURSEMENTS. 

 Fiftken Months Ending Mahch jr, 1903. 



Balance brought over from 1901 $ 204,041.1)2 



Income from dividends declared by allied companies for 



15 months 1,570,40264 



Total $1,774,444.56 



Interest Account — Excess of payments over 



receipts for 15 months $47,482.77 



Expenses paid for 15 months 142,67495 



Charged off, loss on properties, contracts, 



guarantees, and for depreciation. .... 650,426.36 



Total expenses, etc. 



840,584.08 



Net income $ 933,860.48 



Five Dividends paid to March 31, 1903, Preferred 704,497.50 



Balance of Income over Expenses and Dividends paid. .. $ 229 362.98 



EARNINGS OF CONSTITUENT COMPANIES. 



Net Unapplied Earnings, as per previous report $661 



To which add losses taken over and charged off by the 



Home Office 59 



Net Earnings of the Companies for the 



year 1902 $2,252,954 45 



Charged off : 



For Maintenance and Re- 

 pair $149.57665 



For Depreciation 536,25363 685.83028 



317-58 

 865.12 



$721,182.70 



From the above there has 

 been set aside for Sink- 

 ing Fund : 



For Bonds $ 50,209.24 



For Additions to Plant. . 67,16551 



$1,567,124.17 



H7.374-75 



Leaving a Balance of 



1,449 

 $2,170. 



Making a Total of . . 

 Out of which Dividends have been declared for the period 



of 15 months, ending March 31, 1903. ......... 1,678 



Net Unapplied Earnings, exclusive of operations of allied 



companies for the 3 months ending March 31, 1903. .$ 492 



Less amount owned by Stockholders other than the Rub- 

 ber Goods Mfg. Co 22 



749 42 

 932.12 



723 64 



208. 4S 

 606.22 



Net Unapplied Earnings belonging to the Rubber Goods 



Mfg. Co $ 469.60226 



Of the above Dividends $1,678, 



There was paid to Stockholders other than the Rub- 

 ber Goods Mfg. Co 108. 



,723 64 

 .321.00 

 Balance paid to Rubber Goods Mfg. Co $[.570,402.64 



The figures given in the preceding column are compared be- 

 low with the corresponding details in the former three annual 

 reports of the company : 



RUB1IKR GOODS MAM PAI I ' RING CO. 



Income from dividends declared by constituent companies : 



1899 $ 644,624.83 



1900 1,301,609.73 



1901 1,362,824.00 



1902 (to March 31, 1903) 1.570,402.64 



Interest account : 



1899 — Excess of receipts $37,880. 1 1 



1900 — Excess of receipts 25,561.80 



1901 — Excess of payments 22,556.81 



i902(l5mos) — Excess of payments 47,482.77 



EARNINGS OF CONSTITUENT: COMPANIES, 



* Gross earnings, 1899 $1,652,901 09 



Do 1900 2,083,049.75 



Do 1901 1,898,96450 



Do 1902 2.103,377.80 $7,738,293.14 



Charged for depreciation of plants : 



1899 $ 25,842.85 



1900 198,921 78 



1901 201,910.78 



1902 536,253.63196292904 



t Charged off for sinking fund : 



1899 $-15,449-05 



1900 50.737 99 



1901 50,467.99 



1902 50,20924 196,864.27 $1,159,79330 



Net earnings for four years $6,578,499.84 



From which there has been appropriated for additions to 



plants ■'93. 166.28 



Leaving a balance of $5,785,333.56 



Out of which dividends have been declared : 



1899 $ 769,624.83 



1900 i,434,693.73 



1901 1,469,948.00 



1902 (to March 31, 1903) 1,678,72364 5,352,990.20 



Net unapplied earnings $432,343.36 



To which add losses taken over and charged off by the 



Home Office 59,86512 



Net unapplied earnings $492,20848 



Less amount owned by stockholders other than the 



Rubber (ioods Mfg. Co 2260622 



Net unapplied earnings belonging to the Rubber Goods 



Mfg. Co $469,602.26 



[* After deducting cost of repairs and maintenance of plants, t For bonds of 

 New York Belting and Packing Co., Limited, and Mechanical Rubber Co ] 



fn the current report the total sales by the allied companies 

 are reported at $13,364,090 for 1900; $14,348,048 for 1901 : and 

 S'3-999-3 2 9 f t> r '9° 2 - 



THE NEW DIRECTORATE. 



The annual election foi directors resulted in the choice of 



the following, the first five named being reelected : 



Middi.eton S. Burrill. No. 49 Wall street, New York. 

 Of Zabriskie, Burrill & Murrav. lawyers. 

 Director United States Rubber Co. 



Henry Steers, No 147 Avenue D, New York. 

 President Eleventh Ward Bank. 

 Director Leather Manufacturers' Nati 'nal Bank. 

 Director Dubuque and Sioux City Railroad . 

 Director New York and Boston Dvewood Co. 



Edward Lacterbach, No. 22 William stnet. New York. 



Of Hoadly, Lauterbach & Johnson, l.iw\ crs. 

 Vice president Manila Anchor Brewing I 

 Director Safety Car Heating and Lighting Co. 

 Director Third Avenue Railroad Co. 



Arthur I.. Kelly, Providence, Rhode Island. 



President Mechanical Fabric Co. 

 Henry R. Wilkening. No. 30 Broad street, New York. 



Clerk of Talbot J. Taylor & Co. 



Direttnr Mechanica 1 Rubber Co. 



Director New York Eeltirg and Packing Co., Limited. 



TALBOT J. Taylor. No. 30 Wall street, New York. 

 Of Talbot J. Taylor & Co , bankers. 

 Vice president Mechanical Rubber Co. 



Vice president New York Belting and Packing Co., Limited. 

 Director Goodson Graphotype_Co. 



James B. Taylor, No. 30 Wall street, New York. 



Of Talbot J. Taylor & Co., bankers 



Director Mechanical Rubber Co. 



Director New York Belling and Packing Co., Limited. 



Director Goodson Graphotype Co. 



I )irr ctor Jacques Cartier Walerpower Co. 



Director Robins Conveyor Belt Co. 



Harry Keene, No. 150 Broadway, New York. 

 Director Mechanical Rubber Co. 



Director New York Belling and Packing Co., Limited. 

 Vice president Patent Titleand Guarantee Co. 



Charles H. Dale, No. 16 Murray street. New York. 

 President Peerless Rubber Manufacturing Co. 

 President Mechanical Rubber Co. 



President New York Belling and Packing Co., Limited. 

 President Fabric Fire Hose Co. 

 President Sawyer Belting Co. 

 Director Stoughton Rubber Co. 



Lewis D Parker, Hartford. Connecticut. 

 President Hartford Rubber Works Co. 

 President Morgan & Wright. 

 President India Rubber Co. 

 President Indianapolis Rubber Co. 



Frank W Eddy. Detroit. Michigan. 



Head of H. D Edwards & Co , the largest jobbers of mechanical rubber 

 goods in the United States ; selling the products of the Peerless Rubber 

 Manufacturing Co. for 10 years past and for 29 years previously ol the 

 New York Belting and PackingCo. 



