310 



THE INDIA RUBBER WORLD 



[June 



1905. 



ing to the greater quantities of materials and supplies which the direc- 

 tors have felt it prudent to carry. 



CoMMODoRK Bknkdict's Tkip TO THE AMAZON. — In consequence of 

 the continued advancing prices in crude rubber from the beginning of 

 the year, Commodore lienedict, in November last, organized and con- 

 ducted at his own expense a trip to the Amazon in the interest and for 

 the benefit of the company. I desire to take this opportunity to express 

 the high appreciation felt by the directors for the generous and disin- 

 terested motives that have prompted this act. and to say that arrange- 

 ments have been made by them for suitable recognition thereof by the 

 company. We look for great benefits in the future as the result of this 

 expedition. 



I feel I should not close this report without a brief mention of a loss 

 which the company has sustained in the death of our director, Elisha 

 S. Converse, who, though not active upon the board of late, was such a 

 conspicuous personality in the building up of the rubber boot and shoe 

 industry of this country during the past fifty years, that all should ac- 

 cord him the first place in the inception, development, and success of that 

 industry. We wish to record our deep sorrow at his death and rever- 

 ence for his memory. Respectfully submitted, 



SAMUEL P. COLT, President. 



THE ANNUAL ELECTION. 



Seventeen directors were chosen, being two more than last 

 year. Fourteen of the old board were reelected, and one va- 

 cancy existed on account of the death of the Hon. E. S. Con- 

 verse. The new members are F. S. Hastings, VV. H. Truesdale, 

 and lohn ]. Watson, Jr. Below is given a list of positions held 

 by the various members of the board in other corporations than 

 the United States Rubber Co. and its constituent companies, 

 based upon the most recent information available. The num- 

 ber of terms for which each member of the board has been 

 chosen is also indicated : 



Walter S. Ballou, Providence, Rhode Island. [Third term.] 

 Anthony N. Brady, No. 54 Wall street, New York. [Second term.] 

 [Director in 47 corporations.of which lie is president of live, vice president of six. 

 and cliairman of the board of one (The Broolilyn Rapid Transit Co.). Of these 

 10 are railroad companies, 14 gas companies, 6 electric companies, 5 tobacco 

 companies, 5 general manufacturing companies, 2 banlts, 3 trust companies, 

 and a iiir brake companies. The list includes the American Tobacco Co., the' 

 Consolidated Gas Co, of New York, the Corn Exchange Bank, New York Aii 

 Brake Co., and the Wcstinghouie Electric and Manufacturing Co. J 



Elias C. Benedict, No. 80 Broadway, New York. [Fourth term.] 

 Of E. C. Benedict & Co., bankers. 

 President Commercial .\cetylene Co. 

 Vice President Indianapolis Gas Co. 

 Director General Acetylene Co., Kern Incandescent Gas Lighting Co. 



Samuel P. Colt, Bristol, Rhode Island. [Fourteenth term.] 



President Industrial Trust Co. (Providence), Rhode Island Safe Deposit Co. 



Vice president The Rhode Island Co. 



Director Providence Banking Co. .Title Guarantee Co. of Rhode Island, Newport 

 Trust Co., American Woolen Co , Narraganset Electric Lighting Co., Provi- 

 dence Telephone Co., Denver City Tramway Co. 



Harry E. Converse, Boston, Massachusetts. [Eighth term]. 



CosTELLO C. Converse, Boston, Massachusetts. [Fifth term.] 



James B. Ford, No. 42 Broadway, New York. [Fourteenth term.] 



Director The Atlantic Coast Steamship Co., Nashawannuck Manufacturing Co., 

 National Lighterage Co , The New York Mutual G.:s Light Co. 



Trustee American Bank Note Co. 



J. Howard Ford, No. 42 Broadway, New York. [Fourteenth term.] 

 Frank S. Hastings, No. 80 Broadway. New York. [First term.] 

 President General Acetylene Co., Indianapolis Gas Co., Johnson-Lundell Elec- 

 tric Co. 

 Vice President Indiana National Gas and Oil Co., Marine Engine and Machine 



Co. 

 Treasurer Commercial Acetylene Co. 

 Director Kern Incandescent Gas Light Co., Flint & Co. 



Francis L. Hine, No. 2 Wall street. New York. [Third term.] 

 President Nashawannuck Manufacturing Co. 



Vice president First National Bank of the City of New York. Review of Re- 

 views Co. 

 Treasurer East Jersey Water Co. 



Trustee American Bank Note Co., Brooklyn Trust Co. 



Director American Cotton Oil Co., and 7 banks and railway, insurance, and man- 

 ufacturing corporations. 



Henry L. Hotchkiss, New Haven, Connecticut. [Fourteenth term.] 

 1, ESTER Leland. Boston, Massachusetts. [Seventh term.] 

 Director Adams Trust Co., Atlantic Coast Lumber Corporation. Georgetown 

 and Western Railroad Co., Industrial Mutual Insurance Co., Shoe Hardware 

 Co.. State National Bank (Boston). 



Frederick M. Shepard, No. 787 Broadway, New York. [Four- 

 teenth term.] 

 President (Goodyear Rubber Co , Rubber Clothing Co., Union India Rubber 



Co., Orange VVater Co., East Orange Safe Deposit and Trust Co. 

 Director The Mutual Benefit Life Insurance Co. 



Francis Lynde Stetson, No. 15 Broad street, New York. [Fourth 

 term.] 



C^f Stetson, Jennings 8l Russell, lawyers. 



First \'ice president Cataract Construction Co. 



Director Alabama Great Southern Railroad Co , Alabama Great Southern Rail- 

 road Co., Limited ; Chicago and Erie Railroad Co., Cincinnati, New Orleans, 

 and Texas Pacilic Railway ; Crosstown Street Railway of Buffalo, Erie Rail- 

 road Co., International Railway Co. (ButfaloJ, International Traction Co. 

 ( Buflfalo), New York, Suscjuehanna, and Western Railroad Co.. Niagara De- 

 velo()ment Co., The Niagara Kails Power Co.. Niagara Junction Railway, 

 South Carolina and Georgia Railway Co., United States Express Co. 



Wii.i.iam H. Truesdale, No. 26 Exchange place, New York. [First 

 term.] 

 [President of 14 railway companies (including the Delaware, Lackawanna and 

 Western), vice president of 2, and a director in 3 others— a total of 19. Also:] 

 Director Lackawanna Valley Coal Co., Temple Iron Co. 

 Trustee Mutual Life Insurance Co of New York. 

 John D. Vkrmuele, No. 503 Broadway, New York. [Ninth term.] 

 President York CliflFs Improvement Co , York Water Co. 



Director Brigantine Co., Chatham National Bank, Empire State Realty Co., 

 Philadclpnia and Brigantine Railroad Co. 



John J. Watson, Jk , No. 42 Broadway, New York. [First term.] 



Director Shoe Hardware Co. 



The newly elected board met in New York on May 19, and, 

 after organizing, reelected the following officers and execu- 

 tive committee for the ensuing year : 



Prfsii/fnZ—iiAMUEl. P. CoLT. 



/•'irsi Vici^ President — JAMKS B. Ford. 



Second I'iie /'resident— hv.sw.v. Lei.aND. 



treasurer — John J. Waison, Jr. 



Assistant Treasurer — W. G. Parsons. 



Secretary — Samuel Norkis. 



Assistant Secretari — JiitiN D. C.VRHEKRV. 



The Executive Committee consists of Samuel P. Colt, James 

 H. Ford, Lester Leland, E. C. Benedict, Walter S. Ballou, and 

 Anthony N. Brady. 



WHERE GOODYEAR WORKED IN WOBURN. 



THE exact location of the factory in which Charles Good- 

 year worked in Woburn, Massachusetts, seems for some 

 time to have been shrouded in doubt, but a recent investiga- 

 tion of land titles settled the mooted question, and the Rum- 

 ford Historical Society has taken up the question of marking 

 the site with a memorial tablet or stone. 



The factory was that of the Eagle India Rubber Co., formed 

 about 1834 to make rubber cloth, but which, after many dis- 

 couragements, sold out to Hayward & Humphrey in the fallol 

 1837. After a few months the business was carried on bj 

 Nathaniel Hayward alone, and on September 17, 1838, he sold 

 out to Charles Goodyear, for whom he had agreed to work oni; 

 year for §800. From the expiration of the year Hayward car- 

 ried on the business himself, but on April 3, 1841, he again sold 

 out to Goodyear, who meanwhile had been in no regular busi- 

 ness, and worked for him until April, 1842, when Hayward for 

 the third time took charge of the business, which he continued 

 until the summer of 1843. These details are contained in the 

 Hayward pamphlet reprinted in The India Rubber World, 

 September 10, 1890 [page 291 J. Hayward and Goodyear did 

 much experimenting in this factory and there were at times 

 questions as to the credit due for the results attained. Mr. 

 Goodyear wrote in his book [Vol. I — page 68] : 



" This change wrought in gum-elastic by sulphurous gas and 

 a high degree of heat was first made by the writer in the town 

 of Woburn, about ten miles from the city of Boston, Mass., in 

 the winter of 1838 and 1839, under circumstances of such a na- 

 ture, that there could be no mistaking the facts in the case, or 

 blending the results of the writer's labors with those of any 

 other individual. The circumstances of the inventor prevent- 

 ed public notoriety of the discovery of 1839 as soon after it was 

 made as that would have been desirable." 



