May i, 1903] 



THE INDIA RUBBER WORLD 



283 



=The National India Rubber Co. (Bristol, Rhode Island) 

 have completed an outfit of yachting shoes for the officers 

 and men of the Reliance, to be worn during the Cup races. 



= The incorporation is reported of the Montreal Ru berCo., 

 Limited, with $20,000 capital, to acquire the business of the 

 Montreal Rubber Co., manufacturers of waterproof garments, 

 now carried on at Toronto. The main business of the new 

 company will be conducted at the same place. 



= Leonard J. Lomasney has been elected vice president and 

 general manager of the Republic Rubber Co., Youngstown, O. 



= Poel it Arnold, importers of crude rubber, on May 1 re- 

 moved their New York offices from No. 67 Pine street to the 

 Wallace building — Nos. 56- 58 Pine street. 



= The Milford Rubber Co. (Milford, Massachusetts), water- 



proofers for the trade, by an inadvertence, were mentioned in 



the last India Rubber World as being about to go into the 



manufacture of garments. Such is not their present intention. 



POPE SECURES THE BICYCLE TRUST. 



On April 27 an order was made in the United States circuit 

 court at Trenton, New Jersey, directing the receivers of the 

 American Bicycle Co., who have been in charge since Septem- 

 ber, 1902. to accept an offer of $3,500,000 made by the reorgan 

 ization committee of the creditors headed by William A. Read. 

 This offer relates to the personal property of the American Bi- 

 cycle Co., but not the real estate holdings. The offer comes 

 from the new Pope Manufacturing Co., the incorporation of 

 which, under New Jersey laws, was reported in the last India 

 Rubber World. There will be conveyed, under the court or- 

 der above mentioned, the stock and properties of the American 

 Bicycle Co., including those of the subsidiary companies, the 

 American Bicycle Manufacturing Co.; the International Motor 

 Car Co., the Federal Manufacturing Co. and the National Bat- 

 tery Co., besides 75 per cent, of the Barwest Coaster Brake Co., 

 and $147,000 in the American Wood Rim Co. It is understood 

 that Colonel Albert A. Pope — the former successful manufac- 

 turer of the " Columbia " bicycles and proprietor of the Hart- 

 ford Rubber Works — will at once assume direction of the re- 

 organized bicycle business, while holding himself in readiness 

 to enter the automobile manufacture as the conditions of the 

 trade may warrant. In the petition to the court on which the 

 above order was granted, it was stated that since the appoint- 

 ment of receivers the American Bicycle Co. had made and sold 

 250,000 bicycles at a profit.— =-Albert A. Pope was born in 

 Boston in 1845 ; he went to the war at the age of 18, and later 

 became a successful manufacturer of novelties. In 1877 he had 

 a bicycle built in Boston, on plans obtained from an English 

 maker, and learned to ride it. That year he began to import 

 bicycles, which he sold in his novelty store in Boston. In 

 another year bicycles were being made in America, by the Pope 

 Manufacturing Co. Two years later this company owned a ma- 

 jority of the bicycle patents then operative in the United States. 

 While his business was growing rapidly he was not without ac- 

 tive competition — from such men as Gormully, Jeffrey, Over- 

 man, and others who became notable in the trar'e, but Pope 

 was- the biggest bicycle advertiser in the trade, and the name of 

 his wheel, the " Columbia." became a household word. It was 

 always Colonel Pope's policy to control the manufacture of all 

 the parts of his products, to which is due his purchase of the 

 Hartford Rubber Works, as well as tube works and other fac- 

 tories, all of which, under his direction, proved profitable. All 

 told, his success has been more marked than that of any other 

 figure in the bicycle trade. He was an important holder of 

 the securities of the American Bicycle Co., which absorbed his 

 together with nearly 40 other plants, with a capitalization of 

 $40,000,000, in 1899, and when the big company became em- 



barrassed his was the hand that guided the plan of reorganiza- 

 tion. To-day, at the age of 58, he finds himself in practical 

 control of the bicycle industry in this country — a good il- 

 lustration of the law of the survival of the fittest. It will be in- 

 teresting, by the way, to look for his reentrance into the rubber 

 tire manufacturing field. 



A DECREASE IN RUBBER STEALING. 



Said a prominent rubber manufacturer recently : " Rubber 

 stealing certainly is on the decrease, and I think because the 

 manufacturers have been awakened to the fact that in the past 

 they all have, unknown to themselves, been considerable losers. 

 Two years ago I had a lot of 1300 pounds of crude rubber of- 

 fered me which I was sure was stolen ; to-day such an amount 

 at one offering is unknown. We certainly have some one to 

 thank for this improvement." 



SOUTHERN TRADE OF THE EUREKA FIRE HOSE CO. 

 Phil C. Clark, who has been actively engaged in the fire 

 hose business for eighteen years, has secured the exclusive 

 agency of the Eureka Fire Hose Co. (New York) for the sale of 

 its brands of fire hose in the territory consisting of Texas, 

 Louisiana, Oklahoma, and the Indian Territory. Mr. Clark 

 is an ex-fireman and a veteran of the civil war. He will have 

 headquarters part of the time in Texas, and at New Orleans. 



SALE OF SEAMLESS RUBBER CO. STOCK. 

 On March 31 at New Haven 172 shares of the Seamless Rub- 

 ber Co. were offered at a sheriff's sale to satisfy a judgment ob- 

 tained by the New York Commercial Co. against Earle Brothers, 

 growing out of a transaction in crude rubber seven years ago. 

 These shares were attached at the beginning of the litigation, 

 which his been carried through all thecourts up to. the United 

 States circuit court of appeals at Hartford, which twice ren- 

 dered a decision. The par value of the shares is $100; the 

 price realized, allowing for accrued dividends, was $116, the 

 only bidder being the New York Commercial Co. A second 

 sale, to satisfy another and similar judgment, took place on 

 April 18, when 174 shares were offered, held part in the name 

 of Joseph P. Earle and part by Earle Brothers. 



NEW INCORPORATIONS. 



Reliance Rubber Manufacturing Co., April 6, 1903, under 

 New Jersey laws; to manufacture rubber novelties; capital, 

 $25000. Incorporators: Albert W. Lee (40 shares), John W. 

 Burd (20 shares), Ezra Evans (40 shares), Charles O. Joslin (40 

 shares), W. Holt Apgar (20 shares). 



=J. E. Davis Rubber Works Co. (Buffalo, N. Y.), April 24, 

 under New York laws; capital $100,000. Incorporators: J.Ed- 

 win Davis, Marian Davis, and William F. Stearns— all of Buf- 

 falo. Mr. Davis, the head of the new enterprise, recently sold 

 his interest in the American Belting Co. (Youngstown, Ohio) 

 to capitalists in that town, and has arranged to enter into the 

 manufacture of mold work and specialties in the line of me- 

 chanical rubber goods at Buffalo. 



= Purete Rubber Co., April 6, 1903, under New Jersey laws, 

 to make rubber goods ; capital, $25,000. Incorporators : Charles 

 B. Elliott, Mary S. Ostrom, James Ostrom. Principal offices : 

 Menlo Park, New Jersey. Charles B. Elliott, president and 

 treasurer, advises The India Rubber World that the new 

 company will manufacture pure gum dress shields, golf balls, 

 and India Rubber and Gutta-percha sundries. 



= Woven Wire Rubber Co., March 30, 1903, under New York 

 laws; capital, $200,000. Incorporators: Webster Bishop, 

 Union Square Hotel ; Frank F. Bailey, No. 52 Broadway ; 

 Charles W. Zaring, No. 20 Broad street — all in New York city. 



