April r, 1910.] 



THE INDIA RUBBER WORLD 



253 



THE LATEST TIRE PATENT DECISION. 



The decision in favor of the plaintiff in the S' : t of The Single 

 Tube Bicycle and Automobile Tire Co. v. Continental Rubber 

 Works (Erie, Pennsylvania), in the United States ciicuit court 

 for the western district of Pennsylvania, in the matter of the 

 alleged infringement of the Tillinghast patent, No. 497,971, was 

 appealed from, with the result that the circuit court of appeals 

 has confirmed the decision of the lower court that the Tillinghast 

 patent was not anticipated, is valid, and has been infringed. The 

 decision in the circuit court was written by Judge Buffington, 

 and is reported in 174 Fed. Rep., 50. 



The Continental Rubber Works have entered into a license 

 agreement for the balance of the life of the patent, which covers 

 the standard type of single tube tires in the United States. 



ST. LOUIS CEMENT SPREADING. 



The St. Louis Rubber Cement Manufacturing Co. (St. Louis) 

 have acquired the Blick-Williams Co.'s insulating and tire 

 tape business, in addition to their recent purchase of the 

 National Rubber and Chemical Co., of Indianapolis. They are 



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equipped with the most modern tape making machines, including 

 washers, spreaders, and calenders, and are turning out a com- 

 plete line of shoe and rubber manufactures cements, as well as 

 insulating and tire tapes, and are, in fact, equipped to supply any- 

 thing included in this general class of goods. 



MR. DE LISSER MAKES A CHANGE. 



Announcement was made at the Boston automobile show that 

 Horace De Lisser, the well known president and general manager 

 of the Ajax-Grieb Rubber Co., makers of the "Ajax" tires, made 

 famous by their guarantee of 5,000 miles, has been elected to 

 the vice-presidency with entire charge over the sales, of the new 

 United States Motor Co.. in which the Maxwell-Briscoe Motor 

 Co. and the Columbia Motor Car Co. are already known as mem- 

 bers. The new $16,000,000 corporation considers itself fortunate 

 in being able to induce such a man to join its executive organiza- 

 tion, which is destined to be the strongest in the motor car in- 

 dustry of the world. In accepting the new honors Mr. De Lisser 

 has found it advisable to resign from active connection with the 

 Ajax-Grieb Rubber Co., which he created and whose great 

 growth in the period of four years has been due entirely to the 

 quality of its products and the shrewd, farsighted business ad- 

 ministration he has given it. Mr. De Lisser is to be succeeded 

 by William G. Grieb, formerly vice-president, and before the or- 

 ganization of the Ajax-Grieb Rubber Co., president of the Grieb 

 Rubber Co. Mr. De Lisser became identified with the rubber 

 business in 1894. when he conducted a large bicycle tire factory 

 in England, which was later sold to a London syndicate headed 

 by Ellis Parr, the banker. In disposing of this business Mr. 

 De Lisser agreed to remain out of the rubber manufacturing for 

 a term of five years. He then turned his attention to the Ameri- 

 can agency of the famous Worcestershire sauce, and made that 

 table condiment known from Atlantic to Pacific. At the expira- 

 tion of the five-year agreement to remain out of the rubber 



trade he became identified with the International Rubber Co., 

 of Milltown, New Jersey, remaining with this organization until 

 the formation of the Ajax-Grieb Rubber Co, two years later. 

 The wide experience of Mr. De Lisser in the management and 

 sales department of his different business enterprises especially 

 fits him for the new duties with the United State Motor Co. 



RUBBER FACTORY INSURANCE. 



At the annual meeting of the Rubber Manufacturers' Mutual 

 Insurance Co., at Boston, on January 26, the financial statement 

 presented showed a slight decrease in the amount at risk on 

 December 31, 1909, as compared with the preceding year. The 

 company's surplus, however, and the assets applicable to payment 

 of losses both show a substantial increase. No change was 

 made in the board of directors, and the officers were reelected. 

 Mr. F. W. Moses was succeeded in the office of assistant secre- 

 tary and assistant treasurer by Mr. W. B. Brophy. The state- 

 ment furnished embraces the following details : 



ASSETS. 



Bonds at market value $371,410.00 



Cash in bank and office 48,977.82 



Premiums in process of collection 13,441.52 



Accrued interest 5,882.07 



Total $439,7ii.4i 



LIABILITIES. 



Unadjusted losses $3,856.65 



Expenses accrued 311.09 



Taxes accrued, not due 7,108.91 



Unearned premiums 228,931.06 240,207.71 



Surplus $199,503.70 



Amount at risk December 31, 1909 $52,132,052.00 



Premiums in force thereon ' 457,862.12 



Premiums received during the year 459I507.28 



Interest received during the year i6i628.50 



Total income for the year 4/6|i35.78 



Losses incurred in 1909 23,998.28 



Amount of deposit premium returned to policy 



holders '. 383,552.53 



Average percentage of deposit premium returned 



„ in IQ °9 81.04% 



Percentage of premium returned January 1, 1910.. 85% 



Cash assets available for payment of losses $428,434.76 



Assessment liability 2,289,310.60 



Total available for payment of losses $2,717,745.36 



The report is fuller than hitherto in that it gives a list of the 

 company's bond holdings at market value at the close of the 

 fiscal year. 



TRADE NEWS NOTES. 



The Empire Tire Co. (Trenton, New Jersey), have opened a 

 branch in Indianapolis, Indiana, at No. 208 North Delaware 

 street, under the management of Charles Weiland. This is the 

 first direct branch opened in Indianapolis by a tire manufacturing 

 company. 



The Fairfield Rubber Co. (Fairfield, Connecticut) have con- 

 tracted for an additional building, one story, 30x50 feet, to be 

 used as a "spreader" room. 



The Sanders Duck and Rubber Co. (St. Louis), for many 

 years located at No. 807 Washington avenue, have arranged for 

 the occupancy of new premises at Twelfth street and Washing- 

 ton avenue. The lease is for eight years, at a price which has 

 not been made public but is understood to be $8,000 per year. 



Mr. William H. Mayo has been admitted to the long estab- 

 lished Boston firm of W. F. Mayo & Co., wholesale rubber foot- 

 wear dealers, Nos. 197-203 Congress street, Boston. He is a son 

 of William F. Mayo, senior member of the firm, and a brother 

 of George Hanover Mayo, the second member. Mr. W. H. Mayo 

 has been in the store of the firm for several years, during which 

 he has become familiar with the business. 



