206 



THE INDIA RUBBER WORLD 



[Apri 



1902. 



CRUDE RUBBER CO. NEWS IN BRAZIL. 



THE leading daily journal in Mankos, A Fet/eracao, \n its 

 issue of February 15, gave the latest news received in 

 that city by that date regarding the Crude Rubber Co. (New 

 York), which went into the hands of a receiver on January 4 

 last. A Federacao comments on the news as follows : 

 "THE CRUDE RUBBER CO. 

 " The rumors which were with persistency circulating about 

 the failure of the important company whose name forms the 

 heading to this notice, were — we are glad to say — without sure 

 foundation. The latest news from New York is to the effect 

 that only one note endorsed by the Crude Rubber Co. had been 

 protested, and that this fact started the alarming rumor about 

 the company's financial situation. The truth, however, is that 

 the powerful enterprise actually owns stock which, according 

 to current quotations, is no less than $3,000,000 in value. The 

 note protested was to the value of $5000. According to the 

 explanation given by the director of the company, there have 

 been some particular reasons for the Hempstead bank not ac- 

 cepting the note referred to ; this fact, however, does in no way 

 warrant any prejudice against the Crude Rubber Co. As our 

 readers ought to know, Mr. C. R. Flint, treasurer of the Man- 

 4os Railway Co., and who is interested in other enterprises in 

 this capital, is also one of the directors of the Crude Rubber 

 Co. And this is the cause of this unjustified rumor which has 

 afltected our commerce — all the more since a Mat dos paper 

 several days ago put it in circulation." 



A CARD FROM R. F. SEARS. 



TO THE Editor OF The India Rubber World: In your 

 publication of February i, under the caption "The Re- 

 cent Failures in the Rubber Trade," there are inaccuracies, 

 which I beg you will correct. You state that the Crude Rub- 

 ber Co. "took over the business of R. F. Sears & Co., oi Paid, 

 established in 1881," while in fact the firm of R. F. Sears& Co. 

 of Pari — now in liquidation— has not and never had, any con- 

 nection whatever with the Crude Rubber Co., or business re- 

 lations. The firm of R. F. Sears & Co. of New York was 

 established in 1890 as an importing and commission house, 

 and was an outcome from The Sears Commercial Co. R. F. 

 'S>t.zx% &.Q-0. of New York fie.nX. into liquidation in 1897, when 

 the treasurer of the Crude Rubber Co. was entrusted with the 

 settlement of its accounts ; the profit of that business, however, 

 has not yet been realized by R. F. Sears «& Co. 



The Sears Paid Rubber Co. was organized in 1897 with an 

 incorporated capital of $100,000, consisting of good will of the 

 firm of R. F. Sears & Co.— vested in R. F. Sears — and sundry 

 accounts and properties belonging to said firm, and which is 

 the only capital it ever had, except profits made, chiefly as buy- 

 ing agents for the Crude Rubber Co. 



The entire stock — except directors' shares — was issued to R. 

 F. Sears & Co., Pard, Brazil, and deposited in hands of a trustee, 

 who is responsible to R. F. Sears & Co. for the same. The 

 Crude Rubber Co. — or the party claiming authority at that 

 time — agreed on account of the Crude Rubber Co. to take 25 

 per cent, of the capital stock of the Sears Pard Rubber Co. at 

 par, and pay to R. F. Sears h Co. cash for same, The payment 

 was not realized. 



Neither R. F. Sears & Co. (in liquidation) nor The Sears 

 Para Rubber Co., are in any manner involved with the affairs 

 of the Crude Rubber Co., now in hands of receivers, except 

 that of balance due the former, as outcome of liquidation of 

 R. F. Sears & Co. of New York, the Sears Pard Rubber Co. 



having remitted to receiver balance due The Crude Rubber 



Co. in account-current. 



Kindly make this correction in your next issue, that the 



standing of The Sears Patd Rubber Co. and R. F. Sears & Co. 



may not suffer from the condition of the Crude Rubber Co., 



the former firms being entirely solvent. Yours very truly, 



R. F. SEARS. 

 Pari, Brazil, March 6. 1902. 



[The publication in The India Rubber World to which 

 exception is taken in the above was based in part upon a type- 

 written statement supplied to The India Rubber World in 

 1897 by the Crude Rubber Co , from which the following is an 

 extract : 



" The Company has taken over the business of R. F. Sears & 

 Co., and all its vah able connections, both here and in Brazil, 

 and Europe, and its correspondents on the Amazon are The 

 Sears Paid Rubber Co., of which company Mr. Richard F. Sears 

 is president. The firm of R. F. Sears & Co. was established on 

 the Amazon in 1881, and since that date it has been one of the 

 largest buyers of crude rubber in the world."] 



"CONTINENTAL ■ TIRES IN ENGLAND. 



TO the Editor of The India Rubber World: Some 

 time ago you brougnt out an article in your paper refer- 

 ring to the tire question in this country. As far as I remember, 

 you mentioned in that article that our motor tires could not 

 be used in this country, owing to the existence of certain pat- 

 ents. It will, therefore, doubtless be of interest to you to hear 

 that this company ha§ now made arrangement with the Clipper 

 Pneumatic Tyre Co., Limited, of Coventry, by which Clipper- 

 Continental motor tires— which are identical in construction 

 and of the same material as "Continental" motor tires — are 

 now manufactured by us, and can be obtained through the 

 Clipper Pneumatic Tyre Co., Limited, of Coventry and Lon- 

 don. For your information I am enclosing copy of circular 

 which we have just sent out to this effect. 



As you have in your pages always shown a great interest in 

 the English trade, I feel sure that you will be glad to know 

 these facts and you may possibly think it worth while to men- 

 tion this new arrangement in your next issue. Yours faithfully, 



CONTINENTAL CAOUTCHOUC & GUTTAPERCHA CO. 



Paul Brodtmann, London Manager. 

 64-65, Holborn Viaduct, London, E. C, March li, 1Q02. 



f The circular referred to gives the details of the arrangement 

 mentioned in the letter, with the statement that it is effective 

 from February 28, 1902, until further notice.] 



RUBBER PLANTING IN MEXICO. 



THE president of the Tehuantepec Rubber Culture Co. — 

 Mr. H. W. Bennett — writing from their plantation, says : 

 " Over 600 acres of land which, six months ago, was heavy 

 virgin forest, has been cleared and partially planted. With 

 a large force of laborers employed, it is expected that this 

 area will be more than doubled by the month of June, when 

 all new clearing will be burned over, staked, and planted 

 (with the early July rains) with selected stock from our own 

 nurseries. The soil is so exceedingly rich that it will readily 

 support a much larger number of trees per acre than contem- 

 plated by our proposal to investors, and it is the purpose of 

 the management to largely increase the number of trees to be 

 planted, with the idea of cutting out (for profit) whenever the 

 growth shall become too dense. This process is considered 

 advisable, if for no other reason than to furnish proper shade 

 for the trees which will later form the permanent plantation." 



