June 1, 1911.] 



THE INDIA RUBBER WORLD 



331 



News of the American Rubber Trade. 



GEKEHAl HUBBER CO. 



AT the annual meeting of this company, held May 2, the 

 following Board of Directors was chosen : Waller S. 

 Ballon, William F. Bass, E. C. Benedict, Anthony N. 

 Brady, Samuel P. Colt, Edgar B. Davis, James Deshler, James 

 B. Ford, Ernest Hopkinson, H. Stuart Hotchkiss, Lester Leland, 

 D. Lome McGibbon, Homer E. Sawyer and Elisha S. Williams. 

 The following officers were elected for the current year : 



President — Lester Leland. 



yice President — William F. Bass, 



Vice President — Edgar B. Davis. 



Treasurer — W. H. Blackwell. 



Assistant Treasurer — John D. Carberry. 



Secretary — Samvel Xorris. 



Assistant Secretary — John D. Carbebrv. 



BOSTON WOVEN HOSE AND RUBBER CO. DIVIDEND. 



The directors of the above company have declared a semi- 

 annual dividend of three dollars per share on the preferred 

 stock and a quarterly dividend of two dollars and a half per 

 share on the common stock, both payable June IS to stock- 

 holders of record June 5, 1911. 



CONSOLIDATED RUBBER CO. ELECTION. 



At a recent meeting of the stockholders of the Consolidated 

 Rubber Tire Co., New York, the retiring board of directors 

 were all re-elected, with the exception of Emerson McMillin, 

 who was succeeded by James A. Todd. The board, as at present 

 constituted, consists of Isaac L. Rice, Stephen Peabody, Van H. 

 Cartmell. P. J. Goodhart, Austin M. Poole, Gustavus I\Iaas, 

 Frederick A. Seaman and James A. Todd. 



A GOOD YEAR FOR THE GENERAL ELECTRIC COMPANY. 



The nineteenth amiual report of the above company recently 

 received and covering the year ending December 31, 1910, shows 

 a notably satisfactory condition of the company's affairs and an 

 excellent year's business. The sales billed, amounting to 

 $71,478,538, were the largest for any year in the company's his- 

 tory, while the total orders received — $71,182.391 — exceeded those 

 for the year ending January 31, 1907, the largest previous year, by 

 17.7 per cent. The total number of orders and contracts, 338,272, 

 exceeded all previous records. The profits for the year ending 

 December 31, 1910 amounted to $10,855,692.13, of which $5,214,568 

 was distributed in cash dividends, at the rate of eight per cent, 

 per annum, paid quarterly. The report comments on the growth 

 of the company's liusiness in all its most important phases, 

 notably the increase in the company's foreign trade and a promis- 

 ing outlook for the future is predicted, as the value and advan- 

 tages of electric li.!?ht and power are more widely recognized. 



MONATIQUOT RUBBER WORKS CO. 



This company informs us tliat their special grades of 

 "naturized rubbers," which are high grade reclaimed stocks, have 

 been so promptly taken up by the rulAer manufacturing trade that 

 they have been running their factory night and day. The fac- 

 tory, by the way, is erected on the historic site of the Paul 

 Revere Brass Foundry at South Braintree, Massachusetts, on 

 the main line of the New York, New' Haven and Hartford 

 Railroad. 



HARTFORD TIRE WORKERS' DANCE, 



The Hartford Rubber Works Mutual Benefit .\ssnciation held 

 its annual entertainment and ball on May 13. Socially and as 

 a benefit undertaking it was a highly successful affair, as may 

 be gathered from that fact that upwards of 2,000 tickets were 

 disposed of. 



THE ANCIENT HOUSE OF HEILBUET. 



The report that Mr. F. Poel is to retire from the firm of Poel 

 & Arnold in wliich the great European banking and rubber 

 importing house of Heilburt, Symons & Co. are special partners, 

 leads one to review the genealogy of both of the companies. 

 The parent concern dates back to 1838 when it was established 

 in London as Heilburt & Ruben. In 1849, one year after Ruben's 

 death, the firm of Heilburt, Symons & Co., was formed. From 

 then on the history is one of gradual but notable expansion. In 

 1856, a branch was established in Paris, one in Hamburg in 1861, 

 New York in 1864, Para in 1868, Liverpool in 1870, Manaos in 

 1885, Antwerp in 1900, Bordeaux in 1907. 



The New York connection began in 1864 with E. Marcus, who 

 retired in 1878. He was followed by C. Loewentlial and in 1881 

 by C. Loewenthal & Co., general partners, Heilburt, Symons & Co. 

 being special partners, the former firm consisting of C. Loewen- 

 thal and F. H. Kalkman. Kalkman retired in 1885 and Loewen- 

 thal in 1891. In 1892 the firm of Reimers & Meyer (H. Reimers 

 and A. MeyerJ became general partners. Meyer retired in 1899 

 and the firm became Reimers & Co. Mr. Reimers retired in 

 1902. The firm of Poel & Arnold was then formed consisting 

 of F. Poel and C. H. Arnold as general partners January 1, 1903. 

 In 1906 August Fleisclmirfn was admitted to partnership and he 

 retired in 1908. In 1887 the New York firm established a house 

 in Boston and in 1903 one in Akron, Ohio. 



The policy of the parent company has been to arrange that 

 retiring partners sever their connection on the last day of the 

 year and the firm succeeding comes into existence the day follow- 

 ing, January 1. It is therefore probable that Mr. Poel, granting 

 that the rumor of his retirement be not premature, will remain in 

 bis company for the balance of this vear. 



ESTABLISHED NINETY YEARb AGO. 



While the name of "Denis Crouan Fils" may be perhaps better 

 known than "De Lagotellerie," it would, perhaps, be of interest 

 to the trade to know that this gentleman is a son-in-law of the 

 founder of the firm, taking over the firm after the death of 

 Ferdinand Crouan some five years ago. Mr. de Lagotellerie is 

 ranked amongst the highest in business and social circles 

 throughout France and South .America, and the great interest 

 he has shown in the recent opening of a New York branch 

 augurs well for its future. The large interests controlled by 

 this gentleman throughout the rubber producing countries of 

 the world make him perhaps a leading factor. 



The New York managers are X. W. Obalski and E. C. 

 Sweeney, Jr. Mr. Obalski spent the first years of his life in the 

 rubber districts of Brazil, going from there to Nantes, that 

 being the head office of the old firm of "Denis Crouan Fils," 

 wliich his father was one of the directors. He was affiliated 

 with the United States and Canadian markets for a period of five 

 or six years, and became well acquainted with the most important 

 firms there. Mr. Sweeney, after completing his education in the 

 French Colonial College at St. Pierre MiqueloiL and spending 

 some time throughout the commercial sections of Canada, came 

 to the United States in 1902. After joining the International 

 Banking Corporation of this city, he rose to the position of 

 acting auditor and teller for the above concern. This institu- 

 tion, with its many branches, was a good source of information 

 as to the financing and standing of commercial houses through- 

 out the world. In 1908 Mr. Sweeney started on his own account 

 in the import and expoi-t business with offices at No. 64 Wall 

 street, giving up his interests to take up the management of the 

 newlv-established branch. 



