132 



THE INDIA RUBBER V/ORLD 



[Jauuary I, 1906. 



their official and clerical staffs, includin a portrait of the late 

 Mr. Borgfeldt, which appears as a frontispiece. One of the inte- 

 rior views is devoted to their rubber goods department, in 

 connection with which is the American agency for the Hanno- 

 versche Gummi-Kamm Co., A.-G. On the same page is a 

 portrait of Mr. Julius Lehman, who received his first business 

 training with the Hanover company, and for 21 years has been 

 their representative with the Messrs. Rorgfeldt. 



BOSTON BF.LTING CO's. ANNUAL. 

 At the annual meeting of shareholders of the Boston Belting 

 Co., on November 28, President James Bennett Forsyth stated 

 that while the business of the company had been good during 

 the year, a better showing might have been made but for the 

 unprecedented cost of rubber and the other raw materials used. 

 In response to questions asked at the meeting, President Forsyth 

 explained the maintenance of a surplus practically as large as 

 the capital stock by saying that the management had in view 

 the erection of a more modern plant in order that the company 

 might be better prepared to meet the new conditions of compe- 

 tition. This was in answer to the suggestion that extra divi- 

 dends from time to time would be warranted by the condition 

 of the company as shown by the balance sheet. The board of 

 directors was reelected, with the exception that George H. For- 

 syth was succeeded by William H. Furber, who a number of 

 years ago was connected with the company in the days when 

 the late John G. Tappan was treasurer. The financial condi- 

 tion of the company is set forth in the following details, the 

 business year ending on Septenite.r 30: 



ASSETS. 



Real estate $ 100,000 



Machinery... 50,000 



Material on hand 861,371 



Cash and debts receivable 959,056 



Trademarks 100 



Miscellaneous 550 



1904. 



$ 100,000 



50,000 



736,119 



1,144,269 



100 



550 



1905. 



$ 100.000 



50,000 



955,847 



980,545 



100 



550 



Total $1,971,077 $2,031,038 $2,087,042 



L I A B I L I T I E S. 



Capital Stock $1,000,000 $1,000,000 . $1,000,000 



Surplus 800,000 800,000 800.000 



Profit and loss 171.077 231,038 287,042 



Total $1,971,077 $2,031,038 $2,087,042 



PROFIT AND LOSS, 



Balance from previous year $231,038 



Interest on bonds and bank deposit 32,498 



Profits 79.662 



Miscellaneous receipts 2,570 



Total $345,768 



Dividends $ So, 000 



Bad debts 4,7J5 



Ciedit balance 261,042 $345,768 



TRADE NEWS NOTES. 



A REPORT is current that the management of the United 

 States Rubber Co. have under consideration a large new bond 

 issue, designed first as a measure for consolidating and refund- 

 ing the existing issues, and secondly, to provide funds for new 

 undertakings. Interest is added to this report by the fact that 

 at the special shareholders' meeting called for January 3, as re- 

 ported on another page, a vote will be taken on amending the 

 by-law relating to the issue of bonds. 



= The Derby Rubber Co. (Derby, Connecticut) have filed in 

 the office of the secretary of state of Connecticut a certificate 

 of increase of their capital stock from $50,000 to $200,000. Mr. 

 William F. Askam, who lately became general manager, has 

 removed his residence froni Milford Point, Conn., to Shelton, 

 in order to be nearer the reclaiming works. 



= The rubber shoe department of The B. F. Goodrich Co. 

 (Akron, Ohio) is now running in excellent shape, making a 

 ticket of 1700 pairs of the " Straight Line " goods, a detailed 

 description of which will appear in a later issue of this Journal. 



=Chicago Fire Hose Co. (No. 54 La Salle street, Chicago) 

 have become sole distributors, in the territory which they reg- 

 ularly cover, of the fire hose products of The B. F. Goodrich 

 Co. (Akron, Ohio) 



= Mr. John P. Lyons, advertising manager of the United 

 States Rubber Co., is spending at Redlands, California, a more 

 extended vacation than he has before enjoyed during the 12 

 years of his occupancy of this office. During the absence of 

 Mr. Lyons his place will be filled by Mr. Robert E. Chumasero. 



= As is usual at the beginning of the year, several changes 

 have been made in the location of the selling staff of the 

 United States Rubber Co. Mr. Arthur Reeve comes from the 

 Boston office of the United States Rubber Co. to the New 

 York office. Mr. Henry G. Armstrong who has been traveling 

 for sometime past will have charge of stock in New York at 

 No. 90 Thomas street. Mr. P. A. Manley comes from the 

 Lycoming Rubber Co., (Williamsport, Pennsylvania) to the 

 New York office. Mr. A. F. Solbery, selling agent of the Bos- 

 ton Rubber Shoe Co., goes from Boston to Chicago. Mr. E. 

 L. Phipps, who represented the company for several years in 

 New York, returns to the Boston office, No loi Milk street. 



=The Hard Rubber Co. of America, the incorporation of 

 which was reported in The India Rubber World, August i, 

 1905 (page 388), will apply on January 8 to the New York su- 

 preme court for an order authorizing the said corporation to 

 change its name to the American Hard Rubber Co. As already 

 reported in these pages, there is involved a reorganization of 

 the present American Hard Rubber Co. (New York), with a 

 largely increased capital. 



— John C. Byxbee, of Meriden, Connecticut, has been elected 

 president of the Canfield Rubber Co. (Bridgeport, Conn.), the 

 Hon. Ratcliffe Hicks having resigned that position. 



= The Marion Insulated Wire and Rubber Co. (Marion, In- 

 diana) are understood to be planning to increase their capacity 

 largely in the near future. For some weeks past the factory 

 has been working overtime. 



= The two factories of the Woonstocket Rubber Co. were 

 closed on Saturday evening, December 23, to reopen on Jan- 

 uary 2. 



= Mr. D. A. Cutler, formerly chemist for the Manhattan Rub- 

 ber Manufacturing Co., has accepted a position with the Conti- 

 nental-Mexican Rubber Co. (New York) and, in addition to 

 expert chemical work in connection with their product, will de- 

 vote himself to the marketing of it. 



= Mr. William I. Gorham, president of the Gorhani Rubber 

 Co. (San Francisco), made a recent business visit to New York 

 and Boston, returning home in time for the holidays. 



= Improvements and additions continue to be made at the 

 works of the National India Rubber Co. (Bristol, Rhode Island). 

 Plans have been adopted for a new fireproof storehouse, brick, 

 300 X 50 feet, part 3 stories and part 4. The company have de- 

 cided to make their own paper boxes, of which a great number 

 are needed for the packing of various products of the mill. The 

 box manufacture will begin with the production of 10,000 per 

 day. 



= Harvey W. Leech, a retail dealer in rubber goods, No. 18 

 East Swan street, Bufllalo, New York, filed a petition in volun- 

 tary bankruptcy in the United States district court on Novem- 

 ber 20; liabilities, S9738.36 ; assets, $2710. Herbert A. Hick- 

 man, an attorney, was chosen trustee, at a meeting of the 

 creditors. 



