JlNE 1. 1914.] 



THE INDIA RUBBER WORLD 



461 



Published on the 1st of each Month by 



THE INDIA RUBBER PUBLISHING GO 



No. 25 We.t 45ih Sti«t. New York. 

 CABLE ADDRESS: IRWORLD, NEW YORK. 



good many years after the inception of the Eastern plan- 

 tation idea .American mamifacturers took but scant in- 

 terest in the subject ; but in view of the fact that today 

 tile lai-fiest plantation of the East belongs to Americans 

 — ^the United States Rubber Co.'s 35,000 acres in Sumatra 

 — it is very evident that the day of American indifference 

 to Eastern planting matters is past. 



WILL THE NEW BANKING ACT HELP CRUDE 

 RUBBER FINANCING? 



HENRY C. PEARSON. Editor 



Vol. 50. 



JUNE 1, 1914. 



No. 3 



has JDiig been felt that the jjresent system of financing 

 rubljcr importations from South America through 

 London banking houses is unnecessarily indirect and ex- 



TABLE OF CONTENTS ON LAST PAGE OF READING. 



THE RUBBER CONGRESS IN BATAVIA. 



Su.sc..PT,oNs: $3.00 per year. $i.7S for six months, postpaid for .he pensive, but hitherto the law has n,,t permitted an Ameri- 



"f"c'nad'a''"n/"an 'oYh^'^ountriesf $"lo""or TquilatenVTu'nd") can bank to accept a draft payable at some future time. 



ADVE.T''isiNo?''Ratrs''wni be made known on application. and this situation has greatly interfered with our foreign 



•"""■"ex;",; ,^^ncy^?i:r"'o^,'New"Yo^k'.^a'yTbl1o'THB^NDTurBBE^ trade and placcd a burdeu upon tlie financing of Ameri- 



b'e"re;u'brImra^';ona.^Po:;a?o^^r?U°aM^^^^ ''"'""' ^an imports. During the last two years we have im- 



°■'"XXd"speTfnYi'ent"l"d^'ter^t"fi^sVT4 l^nrtcl frnni the Amazou about 90.000.000 pounds of 



be dibcontinued only at the request of the subscriber or advertiser. ,- I , 0-/ A nnn Ppn 'PI, „ 4^^ 



Bills are rendered promptly at the beginning of each period, and rubber, With a value ol aboUt $(^)0,C00,CGO. 1 he extra 

 thereby our patrons have due notice of continuance. 



— cost of doing this through a London bank — that is. the 



rnPYRlGHT 1914 BY THE INDIA RUBBER PUBLISHING CO. ... ■ , .i , . i i r 



Em«ed at the New York postofHce as mail matter of the second class. Commission charged at that centre-has ranged from 



one-(|uarter to one-half jier cent., making a ta.x on .\nieri- 

 can rubber manufacture during the last two years of 

 ai)out $200.CC0. This of course is not a momentous 

 matter compared with the $225,000,000 which represents 



MENTION has been made a number of times in tiie annual value of our hni>he(l pnnkict, but at the same 



these columns of the International Rubber h'.x- time it seems like an unnecessary expense, 



hil.ition and Congress to be held in Batavia. Java, from One provision in the Federal Reserve Act recently 



September 7 to October 10 next. The preliminary pro- jiassed by Congress aims to remedy this situation, as it 



gram of that e\ent will be found on another page of this permits American banks to accept drafts dated ahead in 



isMie. .\l livst blush this exhibition, which is to con- order to assist the financing of our import and export 



tinue for more than a month, might seem rather an am- l>usiness. I'.ut it appears to be the general opinion among 



liitiniis undertaking for the rubber planters of Java New \'ork rubber importers that no immediate change 



and the neighboring islands, but it must be borne in mind \vill take place in our i^resent method of paying for pur- 



that the rubber plantations in Dutch East India, scat- chases of South American rubber. 



tered over Sumatra, Java and I'.orneo, represent an in- There arc two requi.sites for international banking- 

 vestment of $90,000,000 and are rapidly growing in credit and machinery. And both of these the English 

 extent and importance. ''-'"ks possess. It has .so long been the custom of South 

 The promoters of this congress have secured a number Americans to carry on their f.ireign trade through Eng- 

 of the best known rubber men of Europe as speakers ii-ii bank- tiiat the>- are not likcl> without good cause to 

 on that occasion. Incidentally it might be added that <ki.art from the beaten i^th. .\nd there is another rea- 

 the editor of The Indt.\ Rubber World has accepted an son why the English banker would be difficult to dis- 

 invitation to deliver an address on the second day of the lodge— and that is the fact tliat while the United States 

 conference on -What Manufacturers Desire in Crude takes about $125,000,000 worth of the annual T5razilian 

 Rubber," an<i he has also contributed a substantial and exports, or over one-third of the whole, we supply that 

 suitable solid silver cup— described in more detail in country with only about $40,000.CC0 worth of goods an- 

 another column— to be offered at that exhibition for the nually. or about one-fifth of its entire imports, leaving 

 best system of extracting gutta ])ercha. For quite a Europe to .supply the rest. As long as this great dis- 



