FEBRLAkV 1, 1911. 



THE INDIA RUBBER WORLD 



177 



OWNERS OF THE UNITED STATES RTTBBER CO. 



The number of shareholders in the United States Rubber 

 Co., on October 31, 1910 — having reference to all classes of 

 the company's issues, was 8,248, against 6,464 one year previously, 

 according to a table compiled by the New York Journal of Com- 

 merce. The total capitalization of the company being now 

 $75,000,000. the average holdings work out at $9,100 per capita. 



The broad conclusion prompted by the records kept by the 

 Journal for a series of years is that the capital of our large 

 corporations is gradually being absorbed by citizens not usually 

 classed as capitalists. More and more the savings of the public 

 are being invested in corporate securities. 



CHANGE or SUPERINTENDENTS AT READING. 



Hugh .^. Newell has retired from the position of superintend- 

 ent of the Reading Rub- 

 ber Manufacturing 

 Co. (Reading, Massa- 

 chusetts), after having 

 given 21 years to the up- 

 building of the com- 

 pany's business, and an 

 annuity has been settled 

 upon him by the com- 

 pany. On the afternoon 

 of December 31 Mr. 

 Newell was surprised by 

 being called into the 

 shipping room of the 

 factory, where he found 

 a large number of the 

 employes assembled, and 

 where he was greeted 

 with a speech e.xpressing 

 their appreciation of him, 

 followed by the presen- 

 tation of a gold headed 

 cane. Mr. John Hope, 

 well, president of the 

 company, had come out 

 from Boston to be pres- 

 ent at this little cere- 

 mony, and made a speech 

 tstifying to the merit of 

 the retiring superintend- 

 ent, and asking that the 

 force show to the new 

 superintendent the same 

 loyalty that they had 

 manifested toward the 

 old. Mr. Newell is suc- 

 ceeded by Everett A. 

 Skinner, who has had 

 charge of the shipping 

 department for 20 years, his duties gradually embracing other 

 details as the business developed, until he has become conversant 

 witli the work of all departments. 



FIRE HOSE FOR NEW YORK CITY. 



The fire hose mentioned in the New York newspapers at the 

 beginning of the year as having been purchased for the city — 

 60,000 feet, from The B. F. Goodrich Co. of New York— was 

 the same that had been reported earlier [see I R W October 1, 

 1910, page 31], the later report having resulted from the com- 

 pletion of the contract. 



MR. RICE GOES TO FORT DALHOUSIE. 



Joseph M. Rice has resigned as superintendent of the boot and 

 shoe department of the Apsley Rubber Co. (Hudson, Massachu- 

 setts), after having filled the place since the creation of this 

 department, some eleven years ago. Mr. Rice had previously 



been at the plant of the National India Rubber Co. He has now 

 gone to Canada as factory superintendent of The Maple Leaf 

 Rubber Co., Limited, at Port Dalhousie. Mr. Rice owns a home 

 at Hudson, where his family will remain for the present. 



NEW WATERPROOF CLOTHING COMPANY. 



The London Waterproof Co., of No. 55 East Eleventh street, 

 New York, the incorporation of which has been mentioned [see 

 I R W January 1, 1911, page 137] has been organized for the 

 manufacture of a popular price line of men's and women's water- 

 proof clothing, with offices and salesroom at the address above 

 given, and a factory in Manchester, England. The company is 

 composed of Louis Wener, who has been identified with the 

 rubberproofing business for IS years past, and Julius Roggen 

 and Sol. Roggen. 



^^_^^^^^^^^^^^^^^^^^^^^^ CHANGE AT HARMER 



RUBBER RECLAIMING 



FACTORIES OF THE APSLEY RUBBER CO. 



The Orioin.sl Plant, Twentv-Five Ye.\rs .Agu, 



The Pl.\nt As It Appe.^rs To-D.\y, 



The interest in Har- 

 mer Rubber Reclaiming 

 Works (East Millstone, 

 New Jersey) owned by 

 H. A. Rosenthal and J. 

 Gordon has been pur- 

 chased by A. Marcus 

 and I. Laurie, who were 

 already connected with 

 the corporation. The 

 business is now con- 

 trolled by the two gen- 

 tlemen last named and 

 Thomas W. Harmer. 

 At the annual election 

 on January 10, 1911, 

 Thomas W. Harmer was 

 reelected president and 

 A. Marcus secretary and 

 treasurer. I. Laurie was 

 elected vice-president. 

 The Harmer Rubber Re- 

 claiming Works have 

 been making constant 

 headway since first be- 

 ginning business and 

 during most of the time 

 have found night work 

 necessary. Lately they 

 have put in two addi- 

 tional mills, enabling 

 them to greatly increase 

 their output. They are 

 making special grades of 

 reclaimed rubber for 

 mechanical goods and 



insulated wire. They are making white and red grades, to 



which they call special attention. 



THE SHOE TRADE AT LYNCHBURG. 



The merger of the two large shoe manufacturing firms at 

 Lynchburg, Virginia [see I R W, December 1, 1910, page 99] 

 went into effect at the beginning of the year. In connection with 

 acquiring control of the George D. Witt Shoe Co., the Craddock- 

 Terry Co., have increased their capital to $1.5(X),000. The fac- 

 tories of the George D. Witt Co. will continue to be operated 

 under the old name ; T. M. Terry is the new president of this 

 company, succeeding Mr, Witt. 



HEADaUARTERS OF A RUBBER COMPANY. 



The general offices of the United States Rubber Co. (No. 42 

 Broadway. New York) are located in one of the largest build- 

 ings in the world. It is 21 stories high, with a frontage of 



