October 1, 1912.] 



THE INDIA RUBBER WORLD 



61 



News of the American Rubber Trade. 



COLONEL COLT BACK FROM EUHOPE. 



WHEN Colonel Samuel P. Colt, president of the United 

 States Rubber Co., returned on the Olympic September 

 5, after a short visit to Europe, taken primarily to attend 

 the wedding of his son, Rosvvell C. Colt, and incidentally devoted 

 to the advancing of certain large enterprises in which his company 

 is interested, he was met at the dock by various reporters of the 

 New York dailies. In reply to their questions he gave his views on 

 a number of subjects, predicting the re-election of President Taft, 

 and stating that the Republican party of Rhode Island were united 

 on his brother, Judge LeBaron C. Colt, to succeed Senator Wet- 

 more in the United States Senate; but the paragraph of par- 

 ticular interest to the readers of this journal referred to certain 

 important rubber matters. He is quoted by one of his inter- 

 viewers as follows: 



''While my trip has been primarily for pleasure," said Colonel 

 Colt, "I have given time and attention to important matters in 

 connection with the United States Rubber Co. One of these 

 was an application to list $10,000,000 of our first preferred stock 

 on the Parquet of the Paris Bourse. The negotiations are pro- 

 gressing satisfactorily and, I am confident, will be consummated 

 within a reasonable time. This will be the minimum amount 

 and it will be increased from time to time as the original offer- 

 ing is absorbed. 



"I also gave attention to our crude rubber interests in the Far 

 East. On one estate there we already have 25,000 acres planted. 

 We are now putting out on an average 1,000 trees a day and 

 we will continue at about this rate until we have 50.000 acres 

 planted on that one estate. We shall begin to get rubber from 

 our trees within the next two or three years." 



ANNUAL MEETING OF THE FIRESTONE COMPANY. 



Stockholders of the Firestone Tire and Rubber Co. lield their 

 annual meeting on September 4. The directors declared a 10 

 per cent, dividend on the common stock for the ensuing year, 

 and a 7 per cent, dividend on the preferred. 



After the dividends had been declared it was found there was 

 nearly a million dollars in surplus. This will be used to expand 

 the business, and to establish new branches. The year ending 

 August 1 was the most successful in the history of the company, 

 the gross receipts totaling $1,189,000. 



The same officers and directors were elected at the meeting 

 to serve for another year, namely : H. S. Firestone, president ; 

 Amos C. Miller, Chicago, vice-president ; J. G. Robertson, treas- 

 urer, and S. G. Carkhuff, secretary. The capital stock of the 

 company will remain the same, one million in preferred and 

 three million in common. 



THE RUBBER BALL PLAYERS TAKE THE CUP. 



The Hub Athletic Association, composed chiefly of young men 

 connected with the New York office of the United States Rub- 

 ber Co., has during the last two or three years entered a base- 

 ball team against other members of the Shoe Baseball League. 

 In the season of 1911 the Hub club vvas tied with the Morse and 

 Rogers team, and the tie was to be played ofT during the past 

 summer for the championship cup ; but as the Morse and Rogers 

 team was not able to get together with its original membership, 

 the cup has been awarded to the Hub Athletic Association. The 

 president of this association is Mr. Richard S. Harding, head 

 of the mailing department of the United States Rubber Co., 

 and the treasurer is the company's advertising manager. Mr. 

 William H. Palmer. 



TIRE COMPANY INCORPORATED IN MAINE. 



The Hallett Vehicle Tire Co. has been incorporated under the 

 laws of Maine to manufacture rubber tires for automobiles and 



other vehicles. The headquarters are at Augusta, Maine. The 

 president is L. J. Coleman, and the treasurer G. E. Beane. 



THE WILKIE COMPANY BECOME THE SAGAMORE. 



It was voted at a special meeting uf the stockholders of the 

 Wilkie Rubber Manufacturing Co., Lynn, Massachusetts, held 

 .'\ugust 23, 1912, to change the name of the company to the 

 Sagamore Rubber Manufacturing Co. All obligations due to 

 and by the Wilkie Rubber Manufacturing Co. are payable to and 

 by the Sagamore Rubber Manufacturing Co. 



THE FISK SALESMEN HOLD A CONFERENCE. 

 The salesmen of the I'isk Rubber Co., Chicopee Kails, Massa- 

 chusetts, had a three days' conference, from .September 11 to 13 

 inclusive, at the head office of the company, for the purpose of 

 discussing the policy for the coming season, and with the further 

 object of getting acquainted with the company's plant and with 

 one another. 



WALLACE L. GOUGH RETIRES. 



Wallace L. Gough Co., under date of September 14, has sent 

 out the following letter announcing the retirement from that 

 company of Wallace L. Gough. "We wish to inform you that 

 our former treasurer, Mr. Wallace L. Gough, has sold his interest 

 in the Wallace L. Gough Co., and that our former vice-president, 

 Edward Weber, has been made the general manager of the con- 

 cern. 



The board of directors will consist of Edward Weber, president 

 and treasurer; Cornelius Schroeter; Willy Kemmler, secretary. 



.•\I1 checks, notes, drafts or other obligations of the corporation 

 will be signed by Edward Weber, as treasurer, or in his absence 

 or disability by both C. Schroeter and W. Kemmler as directors. 



RUBBER MEN AT THE CARRIAGE CONVENTION. 



The Fortieth Annual Convention of the Carriage Builders' 

 National Association was held on the famous Million Dollar 

 Pier, Atlantic City, from September 23d to the 27th. In con- 

 nection with this convention there was an exhibition in which 

 the following manufacturers of rubber tires and other rubber 

 articles took part: Diamond Rubber Co., Akron, Ohio; Fabri- 

 koid Works, Wilmington, Delaware; Fairfield Rubber Co.. Fair- 

 field, Connecticut; Federal Rubber Manufacturing Co., Mil- 

 waukee. Wisconsin ; Firestone Tire and Rubber Co., Akron, 

 Ohio, and Goodyear Tire and Rubber Co., .Akron, Ohio. 



The Acushnct Process Co., New Bedford, Massachusetts, is 

 adding a new building to its plant and otherwise making im- 

 provements in its factory. 



OVER A THOUSAND TONS OF SCRAP RUBBER A WEEK. 



The Loewenthal Co., New York, sold during the week ending 

 September 14th over a thousand tons of scrap rubber — the actual 

 weight being 2,118.000 pounds. On the hypothesis that the vol- 

 ume of scrap rubber sold is an excellent criterion of the rubber 

 business being done in this country, these sales would indicate 

 that the general trade is in very good condition. 



TIRE MAN MAKES A GOOD SUGGESTION TO INNKEEPERS. 



One of the officials of the United States Tire Co. passes 

 along to the public generally and to keepers of way-side inns 

 in particular a suggestion that comes to him from the owner 

 of an automobile who is fond of touring around the country, 

 as most automobile owners are, and naturally likes to stop 

 from time to time at some proper house of refreshments. This 

 man complains that the average automobile innkeeper acts as 

 if he wanted all the money his guests could possibly raise, 

 on the theory that this would be his last chance at him. Moder- 

 ate and reasonable prices would certainly encourage tourists 

 to patronize road houses much more than they do, and would 

 therefore be ultimately for the benefit of innkeepers. 



