November 1, 1912.] 



THE INDIA RUBBER WORLD 



105 



and unyielding as bone. The specimen shown is supposed to be 

 several hundred years old. 



The company distrilmted several kinds of souvenirs to visi- 



BosTON KuBBKK Shoe Co. 1£xhibit at Malden Fair. 



tors, among them benig blotters and other advertising matter, 

 miniature boots and rubbers, and pins bearing the trade mark 

 of the company. 



* * * 



Francis H. Applcfju, the popular head of the rubber re- 

 claiming house bearing his name, has been signall}' honored by 

 being elected president of the Perkins Institution and Massa- 

 chusetts School for the Blind, at its meeting early last month. 

 This institution is famous the world over for its wonderful 

 success in its systematic education of the blind. It was founded 

 in 1829 by Dr. Samuel G. Howe, beginning with six blind chil- 

 dren who were taught in his father's house. It is named in 

 honor of Colonel Thomas H. Perkins, one of the institution's 

 most generous friends, who gave his mansion-house on Pearl 

 street for its use. It was the first institution of its kind in the 

 world, and has always served as a model for others of its class 

 in America and Europe. The first books for the blind printed 

 in this country were set up, electrotyped and printed here. For 

 many years it occupied a commanding site in South Boston, but 

 has now removed to a beautiful spot in Watertown, where a 

 series of handsome buildings has been erected, and where for 

 the first time the annual meeting was held. October 9. when Mr. 

 Appleton was elected president, and Francis H. Appleton, Jr., 

 an auditor. 



* * * 



Another philanthropic institution owes its establishment to 

 one of the members of the rubber industry, Abraham Sydeman, 

 president of the Plymouth Rubber Co.. after learning of the 

 difficulties encountered by able but impecunious men to secure 

 •even limited capital, and the reluctance of banks to assist such 

 ambitious men, together with the greed and usurious practice 

 of loan sharks, conceived the idea of forming a philanthropic 

 credit union to aid small business men of limited financial 

 means, by loaning money at very low interest, 1 or 2 per cent., 

 instead of the 30 or 50 per cent, demanded by loan sharks. 



Mr. Sydeman detailed his plan to several prominent business 

 men, and the result was the incorporation in this city of the 

 Boston Credit Union, which will probably have its plans per- 

 fected and be doing business by the time this journal is in the 

 hands of its readers The incorporators include: Edward A. 



Filene, whose magnificent new store, opened in September, is 

 one of the show places of Boston ; David A. Ellis, chairman of 

 the Boston School Committee; Max Mitchell, vice-president of 

 a leading trust company; importers, manufacturers and mer- 

 chants ; a Hebrew rabbi and a prominent attorney. They in- 

 tend to raise a permanent fund of $100,000 to $200,000 from 

 which loans will be made. It was Mr. Sydeman's idea that the 

 institution might loan without interest, but as the stability of 

 the capital was an important consideration, on legal advice it 

 was decided to charge a small interest to cover costs of clerical 

 iorce, rent and running expenses. When the union is solidly 

 established, however, Mr. Sydeman hopes to reduce the interest 

 rate to 1 per cent., thus doing far better for the small business 

 man than any other credit union, most of which charge 10 and 

 12 per cent., and none less than 8 per cent. This union, founded 

 strictly on a philanthropic basis by wealthy men, can, of course, 

 greatly reduce these current rates. 



* « * 



The Walpole Rubber Co. has for years been a Maine corpo- 

 ration, its charter having been granted in that State under its 

 corporation laws. Last month a new corporation was formed, 

 under the laws of Massachusetts, entitled the Walpole Tire and 

 Rubber Co., its purpose being to acquire the good will, rights, 

 property and assets of the former company. The new company 

 is capitalized at $4,500,000, of which $3,000,000 is 7 per cent. 

 cumulative preferred stock, and $1,500,000 common stock. The 

 preferred stock has no voting power, and is retirable at the 

 option of the directors, at $120 per share and accrued dividends 

 after five years from date of issue, in lots of $50,000 at a time. 



The incorporators of the Walpole Tire and Rubber Co. are: 

 E. W. Tinkham, Harrisville, Rhode Island; A. T. Baldwin, 

 E. C. Green and J. C. Blanchard, Jr., Boston ; F. J. Gleason, 

 Walpole ; E. W. Furbush and L. O. Duclos, Roxbury. 



* * * 



A. S. Foster, of Lamkin & Foster, an authority on rubber 

 footwear styles, submitted to a severe operation early last 

 month, and at present writing is convalescing in a most satis- 

 factory manner at the Corey Hill Hospital. 



* * * 



It may interest our readers to learn that the heaviest indi- 

 vidual tax paid in the city of Beverly is that of Mrs. R. D. 

 Evans, widow of the late rubber magnate. Her property in that 

 city is assessed at over $5,000,000, and her tax $76,319. Beverly 

 now rivals Lenox as a summer residence for millionaires, and 

 has grown rapidly in popularity since President Taft chose to 

 make it his hot-season residence, and for some years he rented 

 Mrs. Evans' "palace" there. 



* * * 



The B. & R. Rubber Company of North Brookfield is adver- 

 tising in the Boston papers for a sales and department manager. 

 The company is doing a steadily increasing business in its 



specialties. 



* * * 



The new plant of the Plymouth Rubber Co. at Canton, Mass., 

 is already too small to accommodate the constantly increasing 

 business of this wide-awake concern, and plans are being pre- 

 pared for the erection of an additional building. 



THE RUBBER TRADE IN CINCINNATI. 



By a Resident Correspondent. 



IN all branches of the rubber trade in this city there is heard 

 the hum of prosperity. This briefly tells the condition of the 

 trade locally despite the fact that this is presidential year, when 

 usually the business outlook is discouraging, especially during 

 the last stages of the campaign. 



From the Cincinnati Rubber Co. comes the statement that 

 business is very good and the outlook is brigHtr 



