302 



THE INDIA RUBBFT,R \A^ORLD 



[June 



1905. 



in every way. His report on conditions there would probably 

 have saved the company at that time could he have gone. The 

 stoclcholders voted him down, however, and sent another man, 

 who came back with a very favorable report. 



" As far as this end of the business is concerned I don't 

 very well see how I could have done much more than I have. 

 The fact of the matter is, the Ubero companies agreed with 

 development companies to plant so much coffee, for example, 

 and the development companies did it. Now, that the coffee 

 was a failure, or that the dividends paid were not earned, 

 would be a difficult thing lor us to know up here when the 

 investigators who were sent down reported success, and when 

 for every dividend paid, the Boston ofTice received written 

 evidence of sales. 



" E^xactly what will be the way out of this unfortunate afTair 

 I cannot even hazard aguess. Personally, lam a very decided 

 loser in both time and money, and as I said before, if there 

 is any way that I can be helpful in bringing the matter to a 

 successful issue I shall certainly assist in every way in my 



power." 



• * * 



A SUIT in equity has been filed in the supreme court at Bos- 

 ton by the receivers for the Ubero Plantation Co. of Boston 

 against (i) the Old Colony Trust Co. (Boston), as trustee, (2) 

 La Puerta Plantation Co. (an Indiana corporation), and (3) 

 William D. Owen, to compel an accounting for moneys received 

 from the Ubero Plantation Co. of Boston and to determine the 

 title to certain lands in Mexico involved in the operations of 

 that company. The complainants allege that Owen, who owned 

 or held an option on lands in Mexico, organized the two cor- 

 porations named above, which he controlled and managed. He 

 then caused the lands to be conveyed to La Puerta company, 

 after which a contract was executed to further convey the lands 

 to the Old Colony Trust Co. as trustee, until the same should 

 be developed, when they were to go to the Ubero Plantation Co. 

 of Boston, \n consideration of certain payments. It is alleged 

 that there has been paid to La Puerta company by the planta- 

 tion company §776,426 in cash and notes, which is more than 

 was due under the contract, and it is further alleged that the 

 work of development contracted for has not been fully or well 

 performed. The complainants pray forthe conveyance of the 

 lands to the plantation company, and the repayment by La Puer- 

 ta company of all moneys in excess of what may be proved to 

 have been properly due them. The Old Colony Trust Co. will 

 defend only so far as necessary to protect itself as trustee. 



• ♦ * 



The receivers already reported as having teen appointed in 

 the United States court at Boston forthe assets of the Ubero 

 Plantation Co. of Boston and the Consolidated Ubero Plantations 

 Co. have also been appointed receivers in the court for the dis- 

 trict of Maine, for the reason that the companies named are in- 

 corporated under the Maine laws. 



Ferdinand E. Borges, who was active in the sale of the secur- 

 ities of the Ubero companies, has brought suit in a Boston 

 court for $40,000 damages, for alleged slander, against George 

 B. Clark, chairman of a committee appointed to inquire into 

 the affairs of the companies, and Fred C. Chamberlain, counsel 

 for the committee. 



Suits have been filed in Boston by Henry C. Parker, of 

 Woburn, and John F. Browning, of Duxbury, against Arthur 

 W. Stedman, former president, and Frederick C. Hood, former 

 vice president, of the Ubero companies, for losses alleged to 

 have been sustained in the purchase of the securities of those 

 companies. 



The Union Trust Co., receiver of the Ubero Plantation Co. 



(Indianapolis), has filed suit in the circuit court at Logansport, 

 Indiana, against William D. Owen, to compel the return of 

 certain sums of money alleged to have been paid to him by 

 the company without consideration. It is alleged that the 

 company paid to Owen $5151.90 in cash and assumed and paid 

 his note for $3500, the repayment of which sums, with interest, 



is asked for. As acting president and vice president of the 



Ubero Plantation Co. Judge U. Z. Wiley, on May 17, filed a mo- 

 tion in the superior court at Indianapolis, to discharge the 

 Union Trust Co. as receiver, alleging that a majority of in- 

 vestors desire to have the work of the company continued 

 under the board of directors. Members of the board have 

 subscribed for $5000 of treasury stock since the appointment of 

 a receiver in order that the work may not come to a standstill. 



NEW TRADE PUBLICATIONS. 



THE Manhattan Rijbber Manufaciuring Co. (Passaic, 

 New Jersey) issue a special catalogue of Rubber Covered 

 Rolls, for paper mills, bleacheries, and other industries, which 

 after pointing out the qualities requisite in rubber products of 

 this class, gives details of interest in regard to the manufacture 

 of rollers by this company, including a series of excellent illus- 

 trations which serve admirably to elucidate the text. The 

 Manhattan company's rolls are guaranteed against corrugating, 

 blistering, loosening from the iron, and developing soft spots. 

 [7" X ^Vt"- 16 pages.] 



The Diamond Rubber Co. (Akron, Ohio) issue a brochure 

 entitled " Seven Years — The History of a Success," devoted to 

 details of the growth of the facilities and production of the 

 company since 1S98. The capitalization has increased from 

 $50,000 to $1,750,000; the number of employes from 250 to 1720 ; 

 from 7 mills and 2 calenders their equipment has grown to 27 

 mills and 7 calenders, and for four years past the mill rooms 

 have been in regular operation day and night; the engine ca- 

 pacity has increased from 250 HP. to 2050 HP. ; and the ground 

 area is now iSacres ascompared with less than 6 acres in 1898. 

 Crude rubber was bought by cases of 500 pounds each by this 

 company seven years ago ; now single purchases amount to as 

 much as 100 tons. Reference is made also to the growth 

 of production of goods in various departments, which now 

 embraces every line of mechanical rubber goods, while the 

 tire department has become exceptionally large, producing tires 

 for everything " from carpet sweepers to fire engines, and from 

 baby carriages to motor cars." Meanwhile an extensive hard 

 rubber department has been developed. [4" X 6°. 16 pages.] 



H ANNO V ERSc; H E ACTl EN-GUMMI\VAAREN- FaBRIK (Han- 



nover-Linden, Germany) issue a new price list of Mechanical 

 Rubber Goods and Sundries manufactured by them at their 

 principal factory and at their Solln branch (near Munich), in 

 which special attention is given to their " Matador " brand of 

 rubber goods, and the " Matador " Balata machinery, elevator, 

 and conveyor belting. Several pages are devoted to some at- 

 tractive designs in rubber Mats. The catalogue includes also 

 an extensive line of Hospital Sheeting. [S'A" X ^yi". 96 

 pages.] 



ALSO RECEIVED. 



De ViLBiss Manufacturing Co., Toledo, Ohio.=Our New Special- 

 ties, [Atomizers, Nebulizers, etc.] 16 pages. 



The Alison Co , Buffalo, New York.=Tbe Alison Pneum.itic and 

 Cushion Rubber Leg Forms for Men. 19 pages. 



John S. Leng's Son & Co., No. 33 Murray street, New York.=Cat- 

 alogue of Bicycles. Tires, Bicycle and Automobile Supplies. [Em- 

 bracing all the leading makes of tires, and a very full list of accessories.] 

 104 pages. 



