June i, 1902.] 



THE INDIA RUBBER WORLD 



299 



tion with the Woonsocket Rubber Co., and since owned and operated 

 by the United States company direct. 



Original factory of the Woonsocket Rubber Co, in i8g8, converted 

 by the United States company into a knit boot mill, for which purpose 

 was acquired the machinery of the Fern Brook mill, at Vonkers, N. Y., 

 which had been supplying the United States company. This line has 

 now been abandoned. 



HAMMOND BUCKLE CO. 

 Waferburv, Connecticut. 



Incorporated under Connecticut laws, April 18, 1889; capital, 

 $20,000. Acquired by the United States Rubber Co., 1893, and factory 

 removed from Rockville to Waterbury, January i, 1894. Operated by 

 the United States company direct, in making buckles for arctics and the 

 like. 



BOSTON RUBBER SHOE CO. 

 Malden, Massachuseits. 



(i) Edgf.worth Rubber Co., incorporated October 11, 1S52 ; capi- 

 tal, $5000 ; dissolved 1872. Factory taken by (2) Maiden Manufactur- 

 ing Co., incorporated May 4, 1853 ; capital, $200,000. Elisha S. Con- 

 verse elected treasurer September 8, 1853. Name changed to (3) Boston 

 Rubber Shoe Co., May 17, 1855. Factory No. 2, Melrose, built 1881. 

 The United States Rubber Co., in October, 1893, issued $7,625,000 in 

 new shares, which, together with $1,000,000 paid in cash, were stated to 

 be in payment for the entire capital stock of the Boston Rubber Shoe 

 Co. — the amount then outstanding being $5,000,000. Prior to the sale 

 of the stock the Boston company issued to its stockholders $5,000, oi;o 

 of 6 per cent, ten year gold debenture bonds. The property of the 

 company included the factory of the Maiden Last Co. The 

 Bay State Rubber Co. is a subsidiary corporation, organized under 

 Massachusetts laws, with $5000, in connection with the production of 

 the " Bay State" brand of rubbers. 



JOSEPH BANIGAN RUBBER CO. 

 Olnryville, Rhode Island. 



Incorporated in Rhode Island, November, 1896 ; capital $1, 000,000. 

 After the death of Mr. Banigan his executors, in settling the estate, in 

 April, 1896 "deemed it wise to sell their holdings in the Joseph Bani- 

 gan Rubber Co. They sold their stock to Providence parties." Colonel 

 Samuel P. Colt then joined the board. Talbot J. Taylor & Co. (New 

 York) issued a circular to their customers May 19, 1899, reviewing the 

 latest annual report of the United States Rubber Co., in which they 

 said that certain large cash investments, not explained in the report, 

 were " well understood to include the important Banigan plant." The 

 capital was increased lately to $1,500,000, when Colonel Colt stated 

 that the company was owned solely by the United States Rubber Co. 



THE RUBBER TRADE AT AKRON. 



BY OUR RESIDENT CORRESPONDENT. 



THE Colonial Tire and Rubber Co., of this city, has been 

 incorporated under the laws of Delaware, with $20,000 

 capital, to control the foreign rights under the patents granted 

 to James A. Swinehart for solid rubber vehicle tires held in 

 position by cross wire insertions. The incorporators are Mr- 

 Swinehart, William Byrider, John Byrider, and P. D. Hall 

 The latter is a wealthy citizen of Akron, who formerly was 

 identified with the Goehring Mirrow Manufacturing Co., whose 

 property was bought by the Pittsburgh Plate Glass Co. The 

 Colonial company contemplates the erection of a factory, but 

 for the present their goods will be made by contract. The B. 

 F. Goodrich Co. have secured the rights under the Swinehart 

 patents in England, and the Colonial company for the rest of 

 Europe. Orders for these tires have been received lately from 

 Spain, and also for tires for the ambulances of the French 

 army in Tonquin. 



The Goodyear Tire and Rubber Co. on May ly filed with the 

 secretary of state of Ohio a certificate of increase of capital 



to $1,000,000. The company was incorporated in September, 

 1898, with $100,000 capital, which was increased In May, 1899 

 to $200,000. General Manager Seiberling informs The India 

 Rubber World correspondent that the purpose of the in- 

 crease is to cover the growth of the company's plant during 

 the past two years, and provide for further extensions. An- 

 other large building is to be added in the near future. 



The Summit Rubber Co. were Incorporated under Ohio laws 

 May 19, with $25,000 capital, and are constructing a brick build- 

 ing for a factory between Akron and Barberton. The incor- 

 porators are R. M. Hollinger, J. D. HoUinger, E. J. Schulz, F. 

 ]. Steinert, and Augustus Warner, all of Akion. They are not 

 yet ready to announce the name of the practical rubber man 

 interested. 



The Stein Double Cushion Tire Co. have their factory almost 

 completed. Machinery is being placed in position and the 

 company expect to begin operations about June i, with Jacob 

 Haber as president and manager. 



The Alden Rubber Co., at Barberton, have replaced the 

 ordinary factory whistle with chime whistles. The Alden fac- 

 tory Is surrounded by green lawns and the new whistles are in 

 keeping with these and the attractive vine covered walls of the 

 building. 



The Faultless Rubber Co. are about to begin work on an 

 addition to their factory which will double the present capa- 

 city. The new structure will be four stories high, 50x20 feet, 

 built of brick and tile, besides which a boiler house will be 

 erected. 



No disposition has yet been made of the property ol the 

 Independent Rubber Co., now in the hands of W. E. Snyder as 

 assignee. Betzler & Wilson, owners of the building, will de- 

 vote that to other purposes, and it is expected that a new 

 stock company may be organized to purchase the idle machin- 

 ery. 



Help is reported scarce at nearly every rubber factory in the 

 city. At most of the shops " help wanted " signs have been 

 posted all spring. " We can get the here-to-day and gone-to- 

 morrow roustabouts, but good men are scarce, and we cannot 

 get enough though we have scoured the city and country," was 

 the way Manager Seiberling, of the Goodyear Tire and Rubber 

 Co., expressed the situation. 



L. C. Miles and H. B. Manton, both interested in the Good- 

 year Tire and Rubber Co., are In Europe and expect to be in 

 London at the time of the coronation. 



Jefferson D. Slater, superintendent of the Faultless Rubber 

 Co., has been spending two weeks at his old home in Newton, 

 Kansas, this being his first vacation In ten years. 



Many rubber men in Akron are interested in golfing. The 

 Portage Golf Club, of which Mr. C. C. Goodrich, of The B. F. 

 Goodrich Co., is an enthusiastic member, has expended $1000 

 this spring to put its links In order. 



A new steam launch on the Ohio canal and lakes adjacent to 

 Akron is the Corsair, owned by Mr. B. G. Work, vice-presi- 

 dent of The B. F. Goodrich Co., and his brother, Frederick W. 

 Work. 



Mexico. — James Maunder writes from San Juan Evangelista, 

 Vera Cruz, to TJte /fiiiia-I^uiiir Journal (London) : "I know 

 of the disasters which befell some of our people who purchased 

 a going concern — rubber — in this country; there is another 

 concern going to be offered in London pretty soon, but take 

 Punch's advice, ' Don't.' There Is good wild land here to be 

 had, near rail and river, for from 21 shillings per acre, and lots of 

 money to be made, but the manager should be a man of ex- 

 perience in tropical agriculture." 



