320 



THE INDIA RUBBER WORLD 



Ff.bri;ary 1, 1921 



Annual Meeting of The Rubber Association of America 



rE SIXTH ANNi'AL MEETING, (uiidcr the prcsciit charter) of Association three cents per hundred pounds for such rubber as 



Tlic Rubber Association of America, Inc., was held at the they purchase. As the annual dues are obviously insufficient 



Waldorf-Astoria on the afternoon of January 10, 1921. to carry on much desirable association work, this action was 



President Homer E. Sawyer presided. The session was a short necessary, 



one, such formalities as the reading of the call for the meeting The amended section reads as follows: 



and the reading of the minutes of the previous meeting being rci- . i i i n v« 



. '' . , , n Annual Dues. The annual dues for amliated members shall be 



dispensed with upon motion from the Hoor. ^ -u-tn i r • . u 



' twenty-nve dollars ($23) per annum and for associate members 



GENERAL MANAGER'S REPORT five dollars ($5) per annum, payable in advance on January 1 in 



The president made no report, as the 20-page report of general each year. The annual dues for firm members shall include a 



manager and secretary \"ilcs covered comprehensively the activi- basic fee of fifty dollars ($50) per annum, payable in advance on 



ties of the past year and the hopes and aspirations of the Asso- January 1 in each year and for all manufacturing firm members 



ciation for the future. In view of the distribution of this report an additional pro rata annual fee based upon the amount of 



in printed form, it was not read, and on motion from the floor crude rubber purchased by each of such members. The rate 



Fart I, devoted to a summary of the past year, was accepted upon which such pro rata fee shall be based for each year or 



and placed on file. Its contents is familiar to readers of The any portion thereof and the time and method of payment of 



India Rubber World who have followed tlic niontlily account of such fee shall be determined by the .Association at its annual 



the activities of the .Association. meeting or at any special meeting duly called for that purpose. 



Members elected after Januarv 1 in each vear shall pav a propor- 



TREASURER'S REPORT , , , , r ' , , , ' r , , • 



tion of the annual dues for the balance of that year beginning 



The report of treasurer Cox, also printed, was likewise ac- ^^,j^^ ^^^ f^^.^^ ^^ ^^^ ^^^^^^ following election. Members who 



cepted and placed on file. The accompanying balance sheet shous ^^j, ^^ ^^^ ^^^.^ entrance fees, annual dues or other indebtedness 



the organization to be in a strong hnancial position with a gen- ^^.-^^-^^ ^^^■^^^. ^^^^ ^^^^^ ^^^ ^^^^ ^^^^^^ j^^_ ^^3„ j,^ ^^^j^^^ 



eral fund of $161,646; bond investmems, $136,961. of which $42,- ^^. ,^^ treasurer, and if payment is not made within the ne.xt suc- 



000 were invested during 1920; cash, $24,366; unexpired division ^^^^.^^^ ^^^.^^^ ^^^.^^ ^,^^„ ^^ reported to the Executive Committee 



funds, $3,313. 2^ jjj arrears, and may, at the discretion of the Executive Com- 



BALANCE SHEET— DECEMBER 31, 1920 mittee, be dropped from the membership rolls. 



Assets -t,,,, ,, On motion of I. Newton Guiin it was voted that for the year 



Cash in bank and on hand $-■1,366.24 i ■ u iU . i t, ii u u j i_ ii 



J tm nts $136,961:25 ^"-^ ^"^ ""^'^ upon which the pro rata fee shall be based shall 



Less depreciation 9,691.25 be three cents per hundred pounds of crude rubber purchased 



Furniture and fixtures 'sio,96S73 '2''"'"°° and that the time and method of payment of this fee shall be in 



Less depreciation 7.043.84 accordance with the practice heretofore employed. 



■ 3,924.89 



Guaranty Trust Co. (London Brtnch) ^'^'tl'll PROPOSED EXTENSION OF ASSOCIATION ACTIVITIES 



Baling presses 24.00 r, 1 1 r i ,.-, , ,, 



Accounts receivable 970.86 In taking up Part II of general manager \ lies able report. 



Accrued interest on investments 1,363.19 devoted to plans for gradually enlarging the activities of the 



Annual banquet (1921) expense UiA4 Association, president Sawyer explained that the recommenda- 



Total assets $165,108.61 tious were in large measure the valuable suggestions of the sub- 



LiAEiLiTiEs committees of the Association. While the recommendations had 



Arbitration ccmmittee $100.00 received the favorable consideration of the Board of Directors, 



.Assrciaie dues paid in advance 5.00 .^ ^^^^ ^^j^ ^^ entailed increased expense, the full mem- 



Annual Iranquet (1921) receipts H-OO >,•,,., . . , , . 



New York State income tax. withheld 35.42 bership should have a voice in the matter, and he invited re- 

 Unexpended division funds 3,313.91 marks, Comment and criticism from the floor. 



General fund $161 ,646.28 Q„ motion of W. O. Rutherford, seconded by J. Newton Gunn, 



Total liabilities $165,108.61 Part II of the general manager's report was unanimously re- 



ELECTION OF NEW DIRECTORS ferred to the incoming board with power to act. 



The Nominating Committee placed before the Association the O" "1°''°" °^ ^- ^- ^'eamaii, seconded by R. Wolf, a unani- 



names of ten firm members from whom to elect five directors. "^°^^ ^"t^ °^ *anks was extended to all the officers and directors 



A perforated printed ballot was used so that aiiv in-e names ^"'' *" *'^<^ general manager and his associates in the office for 



might readilv be detached. The balloting resulted in the election ^^^''^'y "0°^ work done by each of them during the past year, 



of Harry T. Dunn, president of The Fisk Rubber Co. (re- 1^""°">"S^ ''"s. i'i"e being no further business, the meeting 



elected); F. A. Seibcrling, president of The Goodyear Tire & ''>"J<'"''ned. 



Rubber Co. (reelected) ; Horace De I.isser, chairman of the ELECTION OF OFFICERS 



board of directors, Ajax Rubber Co., Inc.; W. O'Neil. vice- Immediately following the general meeting, the Board of Di- 



president of the General Tire & Rubber Co.; F. R. Henderson, rectors met in another room of the Waldorf-Astoria and the 



of F. R. Henderson & Co. officers of the .Association for the year 1921 were elected as fol- 



AMENDMENT TO THE CONSTITUTION AND BY-LAWS . '""'^ : president, Harry T. Dunn; first vice-president, F. A. 



The proposed amendment to Article XI, Section 2, of the con- Seibeiling: second vice-president, Horace De Lisser: each to 



stitution and bv-laws, formally authorizing as part of the annual '"''^ ^% ^ '*'!'" °l ""^ 7^^^- 



dues of manufacturing firm members an annual pro rata fee based f„„„ ^„ '^""'"'^ Committee for the year is comprised of the 

 upon the amount of crude rubber purchased by each of such 



members, was unanimously adopted. This perpetuates in principle '^arry T. Dunn, chairman ; F R. Henderson, 



the informal aG;reei'nent made during the war and since effective J- S. Broughton, F. A. Seiberling, 



on the part of all manufacturing members to contribute to the Horace De Lisser, Homer E. Sawver (ex-otficio). 



