April 



1906.] 



THE INDIA RUBBER WORLD 



221 



NEW UNITED STATES RUBBER SHARES. 



TIIKRK has been an addition of $5,000,000 to the 

 amount of First Preferred capital stock of the United 

 States Rubber Co. listed on the New York Stock E.xchange. 

 Tile parajjraphs wliich follow are extracted from the formal 

 statement made by the company in applying for the new 

 listing : 



Referring lo the applicalion of this company, dated October 5, 

 iqo5, application hereby is made for tlie listing of 50,000 ad- 

 ditional shares of its l-'irst Preferred stock, of the par value of 

 $5,000,000 



The United States Rubl>er Co. was orjianized under thu laws of 

 tlie state of New Jersey, March 30, 1S92. The present authorized 

 capital of the conip.iny cousi.sts of f 4(),(kx),ooo of First Preferred 

 stock, S 10,000,000 Second Preferred slock ; and §25,000,000 Com- 

 mon stock. The par value of each of its sliarcs is Si 00. 



The Meyer Rubber Co., one of the original subsidiary com- 

 panies of the United States Rubber Co., for some years has served 

 as holding company for the United States Rubber Co. for various 

 securities which from time to time have been held in connection 

 with the business of the United States Rubber Co. 



When it was deemed desirable by the United Stales Rubber Co. 

 lo inaugurate a system of profit sharing, a considerable amount of 

 Preferred and Common stock of the United Stales RuVjber Co. was 

 purchased in the market by the Meyer Rubber Co., which in turn 

 gave to employ(5s of the United States Rubber Co. and of its sub- 

 sidiary companies options on the stock, as fully explained in the 

 annual report of the president at the stockholders' meeting in 

 May, 1904. 



In organizing the General Rubber Co., which, as previously re- 

 ported to your committee, is a company organized for the purpose 

 of buying and dealing in crude rubber principally for the require- 

 ments of the United States Rubber Co. and of ils subsidiary com- 

 panies, the Meyer Rubber Co. subscribed for and purchased all of 

 the capital stock of the General Rubber Co., namely $3,000,000, 

 paying therefor in cash and borrowing the money from the United 

 States Rubber Co. In due course, the Meyer Rubber Co sold 

 $1,000,000 of the stock of the General Rubber Co. to the Rubber 

 Goods Manufacturing Co., receiving in payment therefor Si, rxx3,ooo 

 of the Preferred stock of said Rubber tioods Manufacturing Co. 



In view of these, and other like transactions, from lime to time 

 carried on and to be carried on by said Meyer Rubber Co. in the 

 interest of the United States Rubber Co., it has been felt desirable 

 that the Meyer Rubber Co. should have a capital considerab'y 

 larger than S200.000, the amount heretofore existing. Accord- 

 ingly, on December 8, 1905, that capital stock was increased from 

 $200,000 to f 5 000,000. 



For such additional capital of $4,800,000 par value, the United 

 States Rubber Co. subscribed and paid for the same by the issue of 

 48,000 shares of its own First Preferred stock of the par value of 

 {4,800,000. 



As stated above, the Meyer Rubber Co. received from the Rub- 

 ber Goods Manufacturing Co. 10,000 shares of the Preferred stock 

 of the Rubber Goods Manufacturing Co. of the par value of 

 $1,000,000, in payment for $i.o(X3,ooo par value of the capital 

 stock of the General Rubber Co. .\s it was desirable that all of 

 the stock of the Rubber Goods Manufacturing Co. acquired in the 

 interest of the llnited States Rubber Co. should be held by the 

 United States Rubber Co. itself, the latter company purchased 

 from the Meyer Rubber Co., and now holds in its treasurj-, such 

 10,000 shares of the Preferred stock of the Rubber Goods Manu- 

 facturing Co , in c nsideration thereof having issued to the Meyer 

 Rubber Co. 10,000 shares of the First Preferred stock of the 

 United States Rubber Co. 



The Mej-er Rubber Co. thus holds in ils treasury 58.000 shares 

 of the First Preferred capital stock of the United States Rubber 



Co. It is desirable that part of this First Preferred stock be sold 

 and be converted into cash for the benefit of the Meyer Rubber 

 Co., which cash thus will be ultimately available for the corporate 

 purposes of the United States Rubber Co. 



Therefore out of these 58,000 shares of First Preferred stock of 

 the United States Rubber Co., the Meyer Rubber Co. has sold 

 50,000 shares at the price of $1 10 per share, or for the aggregated 

 sum of S5 . 500,000 cash now in the treasury of the Meyer Rubber 

 Co. 



.\(-cordingly, the United .States Rubber Co. makes application 

 now for the listing of the last meulioucd 50,000 shares of First 

 Preferreil stock of the United Sl.ites Rubber Co. 



The total issue of capital of the three classes now stands 

 as follows : 



Issued. Authorized. 



I'irsl preferred $34,440,800 $40,000,000 



Second preferred 8,477,300 10,000,000 



Common 25,000,000 25,000,000 



Total $67,918,100 $75,000,000 



THE EDITOR'S BOOK TABLE. 



THE HOW AND WHY OF ELF.CTRICITY. A BOOK OF INFORMATION 

 for non-technical readers. By Chanes Triplet Child. Second edition. New 

 York: Ji/fcirical /lev: t7i' PuhWshing Co, 1905. ICloth, lamo. Pp.140. Price, 

 J' 1 



nr^HE preface to this book says that its purpose is not to 

 -*- tell what electricity is, "for the writer does not know, 

 but to tell something of its properties, of how it is generated, 

 handled, controlled, and set to work, and to explain how 

 familiar electrical apparatus operates. " As will be inferred, 

 the work is for the popular reader, rather than for the elec- 

 trical engineer ; but in these days even the average popular 

 reader is brought so frequently into contact with applications 

 of electricity as to be almost obliged to understand something 

 of its control, and this book is infinitely more informing than 

 almost any single technical work that could be named. Charles 

 Tripler Child had a marvelous facultj- for comprehending the 

 facts of science, and, when he had learned them, of telling 

 what he knew, in such a way that men, who had not had the 

 blessings of a thorough education, could understand. These 

 men read Mr. Child's books, and thanked him in their hearts 

 for teaching them, yet sparing them the domineering prig- 

 gishness of the general run of pedagogues. The kiudlj' au- 

 thor of this book died shortly after it was written ; but this 

 second edition preserves the simple language of the original, 

 with certain corrections, illustrations, and additions made to 

 bring it up to date. 



IN CURRENT PERIODICALS. 



EiNE Neue Anzapfuugsinethode for Kickxia elastics. By Dr. 

 Strunk. [Report on a new method of tapping, in Kamerun, and 

 its favorable results.] =/??> TVo/i^M^aw^-f;-, Berlin. X-3 (March, 

 i9o6>. Pp. 141-149. 



Les Guis Caoulchoutiferes de l'.-\m<irique du Sud. [Resume of 

 a stuily by Professor Warburg on rubber yielding species of mistle- 

 toe.] -Journal d' Agriculture Tropicale, Paris. VI-56 (Feb. 28 

 1906). Pp. 45-47. 



Plantes a Latex d'Afriqua ne Dounant pas de Caoutchouc. By 

 Aug. Chevalier. [Latices which do not afford rubber. ] =yo«r«a/ 

 d' Agriculture Tropicale, Paris. V-54 (Dec. 31, 1905). Pp 355 

 358. 



Pari rubber teelt in het schiereiland Malaka.=£)^ Indidche Mer- 

 cuur, Amsterdam, XXVIII-ii (March 14, 1905). P. 153. 



Report on the Experimental Tapping of Pard Rubber Trees in 

 the Botanical Gardens, SmgapoTe.= Agricultural Bulletin, Singa- 

 pore. IV-ii (Nov. 190S). Pp. 424-443. 



