July 1, 1921 



THE INDIA RUBBER WORLD 



753 



Corporation, through which will bo effected centralization of all 

 these foreign activities. With the new company as selling repre- 

 sentative of the parent company, as well as producing in France 

 and Japan, the entire foreign operations of the Goodrich interests 

 will be directed from Akron. 



The directors of the new company are: B. G. Work, \V. O. 

 Rutherford, H. K. Raymond, L. D. Brown, H. Hough. W. C. 

 Arthur, C. B. Raymond, F. C. Van Cleef and W. C. Geer, of 

 whom the first six named constitute the Executive Committee. 



The officers are: B. G. Work, president; W. C. Arthur, vice- 

 president ; F. C. VanCleef, secretary ; L. D. Brown, treasurer ; 

 H. Hough, comptroller; F. E. Titus, director of sales, and W. 

 H. Allen, director of manufactures. The actual operation of 

 the affairs of the new company will be directed by W. C. .\rthur, 

 vice-president, formerly assistant secretary of The B. F. Goodrich 

 Co., wMth whom will be directly associated F. E. Titus, for- 

 merly foreign sales manager of The B. F. Goodrich Rubber Co.. 

 who will have general direction of sales, and W. H. Allen, 

 formerly assistant superintendent and technical director of The 

 B. F. Goodrich Co., who will have general direction of man- 

 ufacturing activities of the subsidiaries of the new company. 



The New York offices of the new company will be located at 

 1780 Broadway. The administrative and operating offices will 

 be located at Akron, Ohio. 



THE INTERNATIONAL ACCEPTANCE BANK 



FiN.^NCiAL doctors have prescribed many remedies and indus- 

 trial experts have outlined many plans for the rehabilitation 

 of "Sick Europe." Some are of proved value, some are novel and 



may merit at least a 

 fair trial, and many 

 are manifestly im- 

 practical or impos- 

 sible. One of the 

 most reasonable pro- 

 jects which may be 

 justly placed in the 

 first class, is that 

 which the Interna- 

 tional Acceptance 

 Bank, recently or- 

 ganized in New 

 York, plans to put 

 into effect to facili- 

 tate the handling of 

 foreign trade in this 

 country. The new 

 institution is offi- 

 cered by a group 

 tlat includes many 

 of the ablest bankers, 

 industrial leaders, 

 Charles B. Segkr, a Director of the ^""^ «^P«'"'s o" busi- 

 lNTERNATioN.\L Acceptance Bank "'^^^ conditions in 



not only the United 

 States but the world. Conspicuous among them is Charles B. 

 Seger. president of the United States Rubber Company, and who 

 is a member of the board of directors of the new bank. Paul M, 

 Warburg, former vice-governor of the Federal Reserve Board, 

 and an internationally-recognized authority on business and 

 credits, is chairman of the board. Other directors are Daniel G. 

 Wing, president of The First National Bank of Boston, who is 

 vice-chairman of the new bank's board ; F. .-Xbhott Goodhue, presi- 

 dent ; Newcomb Carlton, president of the Western Union Tele- 

 graph Co. ; and Fcli.x M. Warburg, of the international banking 

 firm of Kuhn, Loeb & Co. 



The primary purpose of the International Acceptance Bank is 

 stated to l>e the development of sound, scientific methods of hand- 

 ling general trade between this and foreign countries. Inasmuch 

 as credit has played and probably always will play a very consid- 

 erable part in international commerce, all merchants and financiers 

 realize that one of the prime essentials for the early reestablish- 

 ment of satisfactory mercantile relations with the war-spent na- 

 tions of Europe is an ample line of credit with all reasonable 

 safeguards for the seller of merchandise on this side of the Atlan- 

 tic. It is the aim of the new bank to provide such accommodation 

 for responsible foreign buyers and to supply merchants and manu- 

 facturers on this side of the sea with proper protection for the 

 accounts of the overseas purchasers. Imports and exports will be 

 iinanccd, bankers' acceptances handled, foreign money dealt in, 

 and foreign exchange transacted on the broadest possible scale. 



"There is nothing odd or strange about our plan," said a repre- 

 sentative of the new bank. "We shall simply draw on the Euro- 

 pean banks that are affiliated with us, and they in turn will draw 

 on us. They will accept our drafts and we shall accept theirs, and 

 we both shall sell such vouched-for drafts in the open market. We 

 shall try in every fair way to facilitate trade between this and 

 other countries, and we are confident that we can do this in a 

 very considerable degree. But while we shall be alert and enter- 

 prising, we shall in no way depart from any of the principles of 

 sound and conservative banking." 



The new bank will not maintain agencies of its own in various 

 foreign trade centers, thus avoiding a large overhead, but will 

 have all its dealings with representative banks abroad that have 

 become stockholders. Stock-owning banks are located in Canada, 

 Belgium. Holland, Great Britain, Sweden and Switzerland, as well 

 as in Birmingham, Boston, Chicago, Cleveland, Detroit, Kansas 

 City, Los .-Angeles, Minneapolis, New York, Philadelphia, Portland 

 (Oregon), Providence, San Francisco, Seattle, St. Louis, and 

 Youngstown, Ohio. This number may before long be largely in- 

 creased and the service and helpfulness of the International .Accep- 

 tance Bank correspondingly enhanced. 



RUBBER TRADE INQUIRIES 



'T'HR inquiries thai follow have already been anszi'ereci : never- 

 theless they arc of interest not only in showing the needs of 

 the trade, but because of the possibility that additional information 

 may be furnished by those who read them. The Editor is there- 

 fore glad to have those interested communicate with him. 



(876) .\ reader asks for the address of the manufacturer of 

 "Rexhyde" glue. 



(877) Inquiry is made for the addresses of importers of trans- 

 parent nipples. 



(878) Request is made for the address of the British manu- 

 facturer of "Ablutonic" rubber sponges. 



(879) .\ correspondent desires the addresses of manufacturers 

 of clincher and straight-side beads for fabric and cord tires. 



(880) .\ manufacturer requests addresses of concerns making 

 removable rubber heel pads for wear inside shoes. 



(881) The addresses are desired of the manufacturers or 

 dealers in the following named vulcanization accelerators : "Adco," 

 "Annex," "S-4-S," and "T. N. X." 



(882) A wholesaler and manufacturers' agent requests the ad- 

 ress of a concern handling the French toy known as "Le Roquet," 

 a metal dog's head made to bark by pressure on an attached rub- 

 ber bulb. 



(883) Inquiry is made for a chemical to put in rubber cement 

 to make balloons heavier with fewer dippings. 



(884) A request had been received for the addresses of manu- 

 facturers of pure rubber cement, preferably pale-blue. 



