September i, 1901.] 



THE INDIA RUBBER WORLD 



349 



"PACIFIC RUBBER" STILL AT WORK. 



THE milk flows so rapidly from the enormous trees on the 

 plantations of the " Pacific Rubber Co." that a pipe line 

 is at once to be installed to connect with the company's head- 

 quarters near Wall street, New York, where it will discharge. 

 so to speak, liquid dividends, and make even brighter the " pipe 

 dreams" of the present investors. The last heavy importation 

 of rubber by the company's steamer was not wholly successful. 

 The rubber collectors on the plantation had not been able to 

 deal with the rapid flow of milk with their usual care, and in 

 the rush of their work mi.xed sugar with it, by mistake, with the 

 result that the rubber fermented and bred so many worms that 

 much of the shipment had to be thrown to the birds. With 

 the pipe line at work, the curing of the rubber can be done in 

 New York by more intelligent labor; it is even proposed to 

 have the rubber run into some factory, where it will enter as 

 milk at one end and come out at the other in the shape of fin- 

 ished goods. 



But what do the "Pacific Rubber Co." want rubber for? 

 They have this kind of a scheme : 



They will sell as much stock as you want for cash (which they 

 deposit in bank) to the extent of, say $l,ooo 



They can afford to pay monthly dividends at the rate of 20 

 per cent, per year, for two years, amounting to 400 



After which they will have left $ 6co 



— minus cost of advertising, printing, and office administration. 



It is only necessary that they should sell a good many thou- 

 sand dollars'worth of stock, for the company to make a pile of 

 money for themselves. When they have paid dividends out of 

 the investors' money long enough to have given an indication 

 of good faith on their part— well, other people have failed in 

 business through misfortune, and why shouldn't the " Pacific 

 Rubber Co.?" 



The company have paid two dividends — July 5 and August 5. 



The price of shares has advanced from $2.50 to $3.50. But 

 applicants for stock as late as August 14 were told : 



We have, however, some shares which we reserved for parties who 

 gave us deposit on same, and have failed to makeup the balance of their 

 subscription, through inability to get hold of the money. We are glad 

 to say, therefore, that we can let you have the amount of stock you ask 

 for, if you can send check for same right away. 



No doubt some stock could be had for $2.49. 



The " Pacific Rubber Co." bought the last India Rubber 

 World at the publication office, but have not as yet filed any 

 protest against the character of the statements about them 

 contained in that paper. But such statements do not concern 

 them greatly, since they expect to do business with a class of 

 people not likely to see The India Rubber World. [Confid- 

 ing elderly maiden ladies out of town, with $500 or more to 

 invest, preferred.] 



But a few persons interested in " Pacific Rubber," in different 

 parts of the country, did happen to see The India Rubber 

 World, and wrote and telegraphed to No. 66 Broadway, New 

 York, for explanations. It would be interesting to know what 

 the " Pacific Rubber Co." had to say in reply. 



THE ECCLES RUBBER AND CYCLE CO. 



A REPORT from Europe is to the effect that this com- 

 pany, located at Eccles, near Manchester, has about 

 completed the reconstruction of its works, burned down sev- 

 eral months ago. There was much delay in securing a settle- 

 ment with the insurance companies, and some troublesome 

 litigation with dealers who sued for damages because of the 



delay in delivery of balls caused by the fire. The factory is 

 now producing from 70,000 to 100,000 balls per week, and ma- 

 chinery is being laid down for the manufacture of other rubber 

 goods. The unsatisfactory condition of the cycle trade in Eng- 

 land has affected the company's business somewhat unfavor- 

 ably, and unless a very marked improvement should occur in 

 this trade, it is not unlikely that the Eccles company may dis- 

 card the cycle fittings branch entirely, and devote itself exclu- 

 sively to rubber. 



TURKEY TO HAVE A RUBBER FACTORY. 



THE government of Turkey has granted a monopoly for the 

 erection of a rubber factory in that country. Among 

 the privileges granted are exemption from import duty for the 

 machinery, etc., required in the equipment of the works, and 

 also for the raw material used. The latter is an important 

 Item, since the tax on all consumption in Turkey is heavy. Be- 

 sides the other government requirements in rubber, the com- 

 pany will get the contracts for the army for galoshes, and about 

 150.000 waterproofs per annum. The galoshes at present used 

 in Turkey are imported almost wholly from Russia and Ger- 

 many, waterproofs from England, Germany, and Austria, and 

 other rubber goods mainly from Austria and Germany. A re- 

 port of French origin, some months ago, estimated the total 

 trade of Turkey in Europe in galoshes and waterproofs at over 

 $200,000 per annum. British trade returns show the following 

 values of rubber goods exports to Turkey : 



1896. 1897. l8yS, 1S99. lyoo. 



§132, 730 $193,095 $172,610 $98,270 .$63,780 



American rubber goods exports to Turkey are confined 

 mainly to overshoes. There were exported direct 8712 pairs 

 in the fiscal year 1898-99 and 7605 pairs in 1899-1900, and it is 

 probable that some American shoes found their way to Turkey 

 through agencies in Europe. 



THE LATE HENRY F. DURANT. 



IN relation to the mention of the late Henry F. Durant, long 

 the business associate of John H. Cheever in the rubber 

 business, published last month. The India Rubber World 

 has been favored by Mrs. Durant with some corrections, which 

 we are pleased to put on record. 



" Mr. Durant was born at Hanover, New Hampshire, not at 

 Lowell, Massachusetts. You state that Mr. Durant provided 

 an endowment income of $50,000 for Wellesley College. Mr. 

 Durant was entirely unable to make such an endowment, though 

 of course we would have been extremely willing to do so. Mr. 

 Durant left his property for the use of his wife during her life- 

 time, and a sum for his brother's use, and for his brother's 

 daughter, during their lives, all to revert to Wellesley College at 

 their death. Most of the estate was in the New York Belting and 

 Packing Co., which in the reorganization was swept away. Mr. 

 Durant died at Wellesley, Massachusetts, October 3, i88r, not 

 in Boston, October 2. 



" Mr. Durant and Mr. John H. Cheever were devoted per- 

 sonal friends from the time they met in early life till parted by 

 death. Mr. Durant's opinion of Mr. Cheever was expressed in 

 his closing days, when, in sending his last message of affection 

 to Mr. Cheever, he said : ' I never knew John to do a wrong 

 thing.'" 



The Isthmus Plantation Association (Milwaukee, Wis.) be- 

 gan transplanting rubber from the nursery on June 21. The 

 seeding of a new rubber nursery had been begun on June 13. 



