November 1, 1911.] 



THE INDIA RUBBER WORLD. 



93 



News of the American Rubber Trade, 



TTNITED STATES RUBBER CO. DECLARES A COMMON STOCK DIVIDEND. 



AT the meeting of the board of directors of the United 

 States Rubber Co., held at the company's New York office, 

 No. 42 Broadway, on October 5, the board declared a quar- 

 terly dividend of 1 per cent. 



The following statement relative to the resumption of divi- 

 dends on the common stock has been issued by the president 

 of the company. 



"Notwithstanding the fact that for some years past the surplus 

 net earnings of the United States Rubber Co. have been con- 

 siderably in e.xcess of the sum required for dividends upon the 

 preferred stocks, the directors have felt it for the best inter- 

 ests of the company, for reasons from time to time stated, to 

 defer the payment of dividends upon the common stock of the 

 company. 



"While thus far in our present fiscal year there has been a 

 falling ofT in certain lines of business of the company, owing to 

 general conditions, other lines show a substantial gain, thus in- 

 suring from the entire business of the United States Rubber Co. 

 and its subsidiary companies not less than an average product 

 and profit for the year. 



"This being so, the board of directors have felt justified in 

 resuming, at this time, quarterly dividends upon the common 

 stock, and have declared a dividend of 1 per cent., payable Oc- 

 tober 31, 1911." 



This is the first dividend on the company's common stock 

 since 1900, during which year 2 per cent, was paid. Previous 

 disbursements on this stock were as follows : In 1895, 2^ per 

 cent. ; in 1897, 2 per cent. ; and in 1899, 2 per cent., making all 

 told up to the present time, including that just paid, 9!^ per cent. 



THE REPUBLIC RUBBER CO. INCREASES ITS STOCK. 



The stockholders of the Republic Rubber Company, Youngs- 

 town, Ohio, will meet on November 10 to pass upon the proposal 

 of the directors to issue $1,000,000 preferred stock. President 

 Robinson of the company is quoted as stating that one-half of 

 this amount will be used for immediate additions to the plant 

 and the remainder for improvements to be made later. He states 

 that the company has more orders than can be filled, notwith- 

 standing the extensive enlargements recently made. 



THE NAUGATUCK CHEMICAL CO. DISSOLVES. 



At the special meeting of the stockholders of the Naugatuck 

 Chemical Co., called by order of the board of directors, and 

 held at the office of the company, No. 42 Broadway, New York, 

 on October 19, it was voted to dissolve the corporation. The 

 reason of this dissolution is is follows : The business of the 

 Naugatuck Chemical Co. is conducted exclusively in Naugatuck, 

 Connecticut, where the works are located. It was thought wiser 

 therefore to dissolve the New York corporation and to transfer 

 the assets to The Naugatuck Chemical Co., a Connecticut cor- 

 poration, formed some little time ago. 



A $766,300 RUBBER SUIT. 



Richard S. Kaufmann was recently granted by Justice Bijur 

 of the New York Supreme Court, leave to publish the service 

 of papers in the suit which Mr. Kaufmann has brought against 

 Gubbay & Co., Limited, of No. 16 Place Vendome, Paris, for 

 $766,300. Mr. Kaufmann gives his residence as Staten Island. 

 He declares that in April, 1910, Antune & Co., of Para, Brazil, 

 owners of great rubber forests, oflfered to sell their interests 

 to him for £842,500, equal to $4,083,700. Gubbay & Co., Mr. 

 Kaufmann declares, learned of this sale and offered to buy the 

 properties from him for £1,000,000, equal to $4,850,000. After 

 inspecting the balance sheets of the Antune Company for five 



years back the Gubbay Company, Mr. Kaufmann asserts, in- 

 formed him that they were satisfied and would purchase the 

 property. Three weeks later, he declares, the company suddenly 

 backed down on their proposition. 



Mr. Kaufmann is suing to recover the difference between the 

 price which he says he paid the Antune Company and the price 

 which, he alleges, the Gubbay Company oflfered him. 



THE GOVERNMENT WANTS ELECTRICIANS. 



The United States Civil Service Commission announces an 

 examination, to be held on November 22, 1911, for positions as 

 electrical assistants in the signal service-at-large in the War 

 Department. The salary attached to this position is $1,080 per 

 year. The subjects which will count in the examination are: 

 practical questions in electrical science, 20 per cent. ; practical 

 questions in construction and installation of electrical instru- 

 ments, 30 per cent. ; and training, experience and fitness, SO per 

 cent. Applicants should be familiar with the practical side of 

 electricity as applied to telegraph, telephone and kindred engi- 

 neering; and should be familiar with the equipment and methods 

 of installation of telephones, storage batteries, motor generators, 

 switchboards, wire and wireless telegraph apparatus. These ex- 

 aminations, which are open to all citizens of the United States, 

 will be held in a great many places all over the country, a list 

 of which can be obtained by writing the United States Civil 

 Service Commission, Washington, D. C. 



PERSONAL MENTION. 



Thomas H. Davis has become president and manager of the 

 Granite State Rubber Co., Manchester, New Hampshire. 



Ira J. Cooper, formerly with Morgan & Wright, has left that 

 company and formed the Ira J. Cooper Rubber Co., to be lo- 

 cated at Cincinnati, Ohio. 



Thomas G. Richards, president of the B. & R. (Beebe & Rich- 

 ards) Rubber Co., in company with Mrs. Richards and Mr. 

 and Mrs. Mahoney, recently took an extended automobile tour 

 through New York state. Mr. Mahoney is foreman of the pad 

 department of the factory. 



Ex-Governor A. O. Bourn, treasurer of the Bourn Rubber 

 Co., celebrated his birthday October 1, with a double dinner 

 party, one on October 2, and the other given the following day. 

 This division of the festivities was because of the large number 

 of friends the Governor wished to invite, whom it required two 

 dinners to entertain adequately. 



The Massachusetts State Board of Trade held its twenty-first 

 annual meeting with an accompanying lunch at the Hotel Ven- 

 dome on October 10. William H. Gleason, treasurer of the 

 Revere Rubber Co., Chelsea, Massachusetts, and Marsh G. Ben- 

 nett, general manager of Samuel Cabot, Inc., Boston, are promi- 

 nent members of this organization and are on the Committee 

 on State Legislation, the former representing the Rubber Club 

 of America. 



A. W. Warren, secretary of the Hodgman Rubber Company, 

 New York, has returned from Europe, where he spent a Fall 

 vacation in England, France and Germany. 



The families of two well-known rubber men were interested 

 in a wedding which occurred October 17 in the Universalist 

 Church, Maiden, Massachusetts, when Miss Ruth Barker, daugh- 

 ter of William E. Barker, merchandise manager of the branch 

 stores of the United States Rubber Company, was married to 

 George Kenyon, of the Kenyon Rubber Company, of Brooklyn. 



D. E. Beynon has been appointed superintendent of the Dunlop 

 Tire and Rubber Goods Co., Limited, Toronto, Canada, in the 

 stead of W. R. Blowers, resigned. 



