April i, 1901.] 



THE INDIA RUBBER WORLD 



207 



tage, as more than one race has been lost by the loosening of 

 cemented tires. The officers of the new company are : George 

 E. Green, president ; B. A. Bauman, vice president; F. J. Bau- 

 man, treasurer ; R. D. Bundy, secretary ; W. L. Bundy, general 

 manager : Charles Miller, superintendent. Mr. Green is presi- 

 dent of the International Time Recording Co. and the Bundy 

 Manufacturing Co., of Binghamton, and W. L. Bundy is gen- 

 eral superintendent of the factories of these companies. 



THE TILLINGHAST ASSOCIATION SCORED, 

 The correspondent who, in our last issue, made a statement 

 regarding the attack of the minority stockholders in the Til- 

 linghast Tire Association upon the legality of the transfer of 

 the Tillinghast tire patent to the Single Tube Automobile and 

 Bicycle Tire Co., seems not to have read rightly the decision 

 in the supreme court of the state of New York to which he re- 

 ferred. Three separate demurrers were interposed to the com- 

 plaint in this action (H. P. Booth et al. versus Theodore A. 

 Djdge, trustee of the Tillinghast Tire Association, et al.) — one 

 by Colonel Dodge as trustee of that association ; another by 

 The Single Tube Automobile and Bicycle Tire Co.; and a 

 third by Cyras P. Brown. The demurrers haviug been argued 

 (Jinuary 28, 1931), the court ruled, through Justice Lawrence, 

 that the plaintiff's allegations did not state facts sufficient to 

 constitute a cause of action, the decision concluding: "Judg- 

 ment will therefore be rendered for the defendants upon the 

 demurrers, with costs, with leave to the plaintiffs to amend 

 their complaint, if so advised, upon payment of costs." The 

 previous siateiunt in these pages was that the demurrers had 

 been sustained. The matter promises to be of little impor- 

 tance, however, involving more or less a family matter, the 

 Bjoth interests representing 522 shares of the 4000 constitut- 

 ing the stock of the Tillinghast Tire Association. 



RUBBER TIRE NOTES. 



The India Rubber Tire Co., Nos. 1604-06 Grand avenue, 

 Kansas City, Missouri, is a branch of The India Rubber Co. 

 (Akron, Ohio), with local facilities for putting on tiie vehicle 

 tires made by the latter company. 



= S. D. Hanson, a carriage dealer at Edinboro, Pennsylva- 

 nia, writes to The India Rubber World that he has put in a 

 machine for putting on the " Victor " rubber vehicle tires. He 

 thinks that rubber tires eventually will come into universal 

 use, though their introduction into country districts will be 

 gradual. 



= Harry T. Dunn, manager of the Fisk Rubber Co. (Chico- 

 pee .Falls, Mass.), is on a business trip to the Pacific coast, 

 whither he went via New Orleans, with the intention of return- 

 ing through Chicago. 



= Mr. C. Warren Brown, who died at Salem, Massachusetts, 

 February 13, in his sixtieth year, was a member of the carriage 

 building firm of Lockwood & Brown, at Amesbury. who were 

 among the first members of their trade to push vigorously the 

 sale of rubber tired vehicles in this country. 



=The case of The Single Tube Automobile and Bicycle Tire 

 Co. V. Hartford Rubber Works Co., for violation of the terms 

 of the Tillinghast license, mentioned in the last India Rub- 

 ber World [page 187] was called in the United States circuit 

 court at Hartford on March 8, and postponed, on account of 

 the absence of counsel on both sides. 



AMERICAN BICYCLE CO.'S AFFAIRS. 



The rates for the cartage of crude rubber in Liverpool, as 

 fixed by law, are is. 2ii. ( = 28 cents) per ton for rubber in casks 

 or bags and u. 6d. ( = 36 cents) for loose material, for 600 yards 

 or less. One-fifth of this amount is added for each additional 

 600 yards, all charges being based upon gross weights. 



THE securities of the American Bicycle Co. have been 

 listed on the New York Stock Exchange, dating from 

 March 13, and embracing — 



Preferred stock — 7 per cent, cumulative $ 9,294,900 



Common stock 17,701,500 



Gold debentures, 5 per cent., 20 year 9,243,000 



The company state that at the outset they acquired 33 

 plants by purchase of real and personal estate and 14 by pur- 

 chase of personalty only ; total, 47 plants. They have since 

 closed 3 bicycle factories and leased certain others for differ- 

 ent purposes not relating to bicycles ; they have sold 4 rubber 

 tire factories to various interests ; 6 factories have been sold 

 to The Automobile and Cycle Parts Co. There remain in 

 operation by the American Bicycle Co. 13 factories which they 

 own in fee, and 3 the property of which is leased, with a total 

 estimated capacity of 1,000,000 bicycles and 12,000 automobiles 

 yearly. The company have not retained any of the tire or 

 parts business. The company's gross sales of bicycles for the 

 first ten months, ending July 31, 1900, are stated at S'3.780,- 

 280; net profits, $855.57971; interest paid on debentures, 

 $250,000; leaving net profits for benefit of stock, $605,579.71. 



The trading in these stocks thus far has been slight. Sales 

 have been made at 6 for common, 28 for preferred, and 80 for 

 the bonds. 



BRITISH RUBBER MANUFACTURERS. 



THE report of the India-Rubber Manufacturers' Association 

 points to gratifying progress during the past in carrying 

 out the purposes for which the organization exists. Thanks to 

 the generally enhanced prices of raw materials, rubber manu- 

 facturers faced the situation with determination and prices of 

 products were fixed accordingly. " A closer understanding has 

 also come about as to the advantages of the Association in pro- 

 moting 'the common interests of the trade, especially in refer- 

 ence to legislation and to difficulties in the general conduct of 

 the rubber business," as set out in the articles of association." 

 The uniform standard price lists of hose and belting adopted 

 a year ago have given great satisfaction. A better understand- 

 ing has been brought about in the proofing trade. Six firms 

 in this branch not previously members of the Association have 

 joined during the year, and a waterproofing sub-committee has 

 been appointed to deal with (i) the scale of charges for proof- 

 ing cloth ; (2) the matter of guarantees for proofed cloth ; and 

 (3) tests for proofing. Prices for proofing have become more 

 uniform and the term of guarantees has been shortened. A 

 committee has had under consideration the matter of govern- 

 ment and railway contracts, the method of dealing with which 

 has not been wholly satisfactory in the past. The officers for 

 the current year are : 



Chairman — J. E. Baxter, The Leyland and Birmingham Rubber Co. 



Vice Chairman — J. RoBlNSON, Broadhurst & Co., Manchester. 



General Committee — R. K. Birley, Charles Macintosh & Co., Limi- 

 ted ; John Cooper, the Dermatine Co., Limited ; F, W. Ingram, J. 

 G. Ingram & Son ; P. H. Lockhart, W. & A. Bates, Limited ; F. Peg- 

 LER, The Northern Rubber Co.; G. C. MandlebeRg, J. Mandleberg 

 & Co., Limited ; H G. Tiipet, The Liverpool Rubber Co., Limited ; 

 J. TiNTO, Irwell Rubber Co., Limited. 



Treasurer — David Moselev, David Moseley & Sons. 



Secretary — F. B. Knott, accountant, 2, Cooper street, Manchester. 



In the new Manchester technical school a laboratory for 

 the testing of insulating materials is to be installed. 



