276 



THE INDIA RUBBER ^A^ORLD 



[June 



1 90 1. 



NEWS OF THE AMERICAN RUBBER TRADE. 



END OF THE BANIGAN LITIGATION. 



IT is Stated authoritatively that agreements have been reached 

 whereby have been terminated all the suits and counter- 

 suits pending between the heirs of the late Joseph Ban- 

 igan and the United States Rubber Co. These suits were 

 begun, for the most part, during the lifetime of Mr. Banigan.and 

 involved, altogether, some millions of dollars, as has been told in 

 frequent references to them in THE India Rubber World. 

 The termination of this litigation has been accomplished by 

 agreement of the parties concerned, and not by a decree of the 

 courts. There were three suits in the appellate division of the 

 supreme court of Rhode Island. One was settled May 3. 1899. 

 The next was removed to the United States circuit court, 

 where it is entered "Settled by agreement of parties," May 

 6, 1901, and the third was entered settled in the state court 

 May 7. 



GOSHEN RUBBER WORKS (GOSHEN, IND.) 



This new corporation has completed its organization by 

 electing H. C. Zeigler, ex-mayor of Montpelier, Ind., president ; 

 N. R. Brackin, vice president; Collins VV. Kinnan, secretary; 

 and Jerry Hayes, treasurer. Fred D. Zeigler, a son of the pres- 

 ident, has been elected assistant treasurer. Henry A. Middle- 

 ton, as already mentioned in this paper, is general manager and 

 superintendent of the factory. He informs The India Rub- 

 ber World that the factory is now in good shape, they are 

 working on orders, and expect shortly to be working overtime. 

 They have added some new machinery and expect to make 

 wringer rolls as one of their leaders. They will make also the 

 " Middleton Tough " tires, inner tubes, packing, mold work 

 generally, and elastic bands. The starting of the factory has 

 given great satisfaction to the people of Goshen. 



people's hard RUBBER CO. (aKRON, OHIO.) 



This new company, the incorporation of which was reported 

 in the last India Rubber World, have bought pioperty in the 

 southern part of Akron for the location of their factory, and 

 ground was to be broken for the new buildings on May 20. 

 The India Rubber World was advised at that time that all 

 the machinery had been ordered, and they expected to have 

 the factory running in six or eij;ht weeks. A Trenton news- 

 paper states that Charles liehor, of Morrisville, Pa., has left the 

 employ of the Vulcanized Rubber Co. to take charge of the 

 new plant at Akron. 



APSLEY RUBBER CO 'S ANNUAL MEETING. 



The annual meeting was held at Hudson, Mass., on May 6. 

 The treasurer's report was presented. The annual election re- 

 sulted : L. D. Apsley, president and treasurer; L. D. Apsley, 

 L. M. Apsley, and C. F. Hamilton, directors; M. T. Bailey, 

 secretary. =-= Work has been very brisk at the factory of late. 

 Large orders have been received, and many employes have 

 worked overtime. 



ONLY RUBBER HOUSE IN LOUISVILLE. 



The Louisville Rubber Co., manufacturers' agents and 

 wholesale and retail dealers in rubber goods, Nos. 524-526 

 Fourth avenue, are excellently located on a principal business 

 street in Louisville, a city of 204.000 population, and an excel- 

 lent distributing point for Kentucky and the south. They are 

 exclusive agents for the B. F. Goodrich Co., distributing agents 

 for Morgan & Wright bicycle and vehicle tires, carry large lines 

 of New Jersey Car Spring and Rubber Co.'s hose, and Good- 



year's India Rubber Glove Co.'s lines, are agents for C. J. 

 Bailey & Co., and market large numbers of their own brand — 

 "Falls City" — bicycle tires. They also have a good sale for 

 their telephone receiver cushions. 



BOSTON RUBBER SHOE CO. 

 The annual meeting was held May 6, and the following 

 directors elected : E. S. Converse, C. C. Converse, H. E. Con- 

 verse, Lester Leland — all of Boston ; E. L. Corning of New 

 York, E. F. Bickford of Maiden, and Samuel P. Colt of Provi- 

 dence. The directors later elected the following officers : E. S, 

 Converse, president; C. C. Converse, vice president; Lester Le- 

 land, treasurer and general manager; and Frederick T. Ryder, 

 secretary and assistant general manager. These are the same 

 officers as last year, except that Mr. Ryder, who has been sec- 

 retary of the company for many years, now takes on an addi- 

 tional title.^=The annual report of the company contains the 

 following figures, with which are contrasted the corresponding 

 details for the previous year : 



ASSETS. 



1901. T900. 



Real estate and machinery $ 1,096,525 $ 1,104,525 



Cash and debts receivable 1,741.308 1,504,862 



* Contract with U. S. Rubber Co, 4,800,000 5,000,000 



Stock in process of manufacture 3.200, r3i 3,667,644 



Miscellaneous 84,512 15,000 



Totals |;io, 922,476 $11,292,031 



LIABILITIES. 



Capital stock $ 5,00(1,000 $ 5,000,000 



Balance, profit and loss 982,324 1,192,729 



Debenture bonds 4,800,000 5,000,000 



Undivided surplus 140,152 99,302 



Totals.... 110,922.476 $11,292,032 



*To pay principal and interest of debenture bonds as they may mature or be 

 drawn. 



AMERICAN RUBBER CO. 

 At the annual meeting. May 6, the election of directors re- 

 sulted : Samuel P. Colt, William R. Dupee, Charles L. Johnson, 

 Harry E. Converse, and William H. Hill — the old board. Mr. 

 Dupee was reelected president and George P. Eustis treasurer 

 and clerk. 



OUICK RIXOVERY FROM A FIRE. 

 The B. F. Sturtevant Co. (Boston, Mass.) is rapidly recover- 

 ing from the effects of the fire of April 14, which afTected only 

 the engine and electrical departments. With only a day's de- 

 lay incident to the renewal of belts, the remainder of the plant 

 has been running as usual. Already a complete new equip- 

 ment of improved machine tools is nearly installed in other 

 buildings. As the Sturtevant Co. employs electric transmis- 

 sion for the driving of a considerable portion of its tools, this 

 work of installation has been a comparatively simple matter. 

 Further delay in shipment of engine and electrical work is un- 

 likely, for no patterns or drawings were destroyed, and the 

 foundry, with a large slock of castings, is intact. 



NATIONAL FIRE PROTECTION ASSOCIATION. 

 The fifth annual meeting will be held in Chicago on June 

 11-13. One item on the program is the report of the com- 

 mittee on hose and hydrants, by W. H. Stratton, chairman. 

 Another is an exhibition of methods employed in testing cotton 

 rubber lined hose under the standard adopted by the associa- 

 tion. 



