278 



THE INDIA RUBBER WORLD 



IMakch 1. 1912. 



being ma 'e that it was ore wiiitli desired to .innex a rubber 

 shoe (!e.)art;rert. 



The flesi. ability of the scheme was i:npresse(l upon the stock- 

 Iioldcrs by poir.ting out that the preferred stock would be six 

 per cent, cumulative after the first year and that, being pre- 

 ferred, it would get dividends before the coinu'.on stock of the 

 company, and that this would furnish an incetitivc for a rapid 

 retirement of the Consumers' stock. It w.is claircl by the 

 attorneys that the new company would probably retire tlie mort- 

 gage, so that the lien would be of real vali'e and would bring a 

 return of 100 cents on the dollar. It is proposed, if the plan is 

 accepted, t ) retai'i Tcrrcnce .MoCarty as manufacturing 

 executive. 



A series of complicated court proceedings have followed in 

 the wake of the atte'iiptel reorganization. The first was a suit 

 by tlic .\tlantic Nrtioral I'.ank. of which Percy W. Gardner is a 

 director, to recove." tr t'o no'es, o:ie fcr $2,500 and the other 

 for $5,000. both made piyabie io tbe Cnnsu:-ers' Rubber Co. 

 tln^ee months af;e: d. tc, t''e lir<;t menticnsd b;ing dated .August 

 30 and the second -August 29 '9'1. 



The second suit ranie early in February. This time the At- 

 lantic Xational Park fled nn action against the Industrial Trust 

 Co. in the Superior Court seeking to recover $880.51 and $1,972.14, 

 respectively, on two notes, which the bank says it paid by mis- 

 take, unt knowirg, at the time, of the receivership appointment. 



In the meantime Isaac Varney & Sons' Co., of Fall River, 

 Massachusetts, attached Terrence McCarty's property in Bristol 

 for $2 000 in a suit, and almost on the same day the General Fire 

 Extinguisher Co., of Providence, gave notice in the town clerk's 

 office at Bri'tol that it liad a lien for $817 on Mr. McCarty's 

 belongings. 



To still further comiplicate matters the William L. Gough Co. 

 a New Jersey corporatirn with offices in New York City, secured 

 a writ of re levin from the United States District Court here, 

 the first in 20 years from that tribunal, in an effort to secure 

 payment on 4,3P8 pounds of crude rubber and seven cases, or 

 2.286 pounds of Palenberg gum, the tot.al value of which was 

 placed at $4,238. 



The writ was returnable on March 1, on whicli date Receiver 

 R. S. Emerson was cited to appear at the United States District 

 Court. 



Wire to su]irly the insulating department is to lie made in 

 that portion of the National India Rubber Co.'s plant made 

 vacant by the recent transfer of the druggists' sundries, mechan- 

 ical fabric and hose departments to a Clevelard mill It is ex- 

 pected that the recessary furn-ces and other apparatus will be 

 ready for the co^^-mence rent of operation about April 1. 



Orders were given on February 2 for locating the new de- 

 partment in one corner of the factory. As this will do away with 

 the necessity of purchasing wire from other concerns, it is ex- 

 pected that this feature of the industry will he greatly developed 

 later. 



The work of dismantling the departments which were sold to 

 Cleveland interests began on January 25 and by the latter part 

 of February, 60 carloads of machinery had been shipped. 



Bristol is a s''all town, and it was feared among the inhabi- 

 tants that the removal of the departments would work hardship. 

 This did not develop, however, as many of the 600 hands affected 

 were notified that they could obtain work in the shoe depart- 

 ments, if they should apply. They did, and the rubber shoe 

 output was increased soon afterwards from 750 cases to l.OOO 

 daily, divided among the departments as follows : tennis shoes, 

 150; gum shoes, 50; arctics, 50. A number of clerks and em- 

 ployes followed the departments to Cleveland. The depart- 

 ments moved had been in operation since 1868. 



A decided improvement in the rubber trade in Rhode Island 

 has followed the depression which was felt keenly toward the 



close of 1911 and the beginning of the new year. '1 his is par- 

 ticularly noticeable at the plants of the Woonsocket Rubber Co. 

 and the National India Rubber Co., the latter at Bristol, both of 

 which are now running full time. 



-After a shut-down of two weeks, which ended h'ebruary 12, 

 the .Alice and .Millville plants of the Woonsocket Rubber Co., 

 resumed, the former wdth 1,4C0 and the latter with 800 employes, 

 and since that time they have been running with full forces. It 

 V. as announced at the time of the re-opening that the prospects 

 for a continuance of full time operations are excellei'.t. and that 

 the only shut-down expected will be a short one for the annual 

 stock taking. 



* ■): * 



By diiection of Colonel Samuel P. Colt, president of the 

 United States Rubber Co.. George Schlosser, wdio has been 

 general superintendent of the Woonsocket Rubber Co. for sev- 

 eral years, will, in tlie future, have charge of the plant of L. 

 Candee & Co., New llaven, Connecticut, in addition. .A more 

 detiiled actornt nf Mr. Schlosser's career will be fov.nd in the 

 "Personal" colunm in ibis issue. 



Incidentally it may be mentioned that in addition to being a 

 successful mill s:;perinten'Jent, he is president of the Woon- 

 socket Y. M. C. .A. and is a vestryman at St. James Episcopal 

 Church, Woonsocket. 



Williar.i I. Rcsrikoff. foreman of the rubber department at 

 the Phillips lufulated Wire Co.'s plant. Pawtucket, for eight 

 ye^rs, resigned recently to take charge of a rubber garment con- 

 cern in Brooklyn, New York. .A number of -his friends and 

 fellow-v.o'kers gathered at his home for a farewell party and 

 presented him with several articles. 



* * * 



The B. & B. Fibre Corporation is the name of a company 

 chartered at the State House, Providence, on February 16 for 

 the purpose of engaging in the business of manufacturing, 

 biAing and selling rubber, fibre, rope, lining, oil rope, or any 

 of their by-products. The new company is to be capitalized at 

 $100,000. The incorporators are Frederick Burnham, of War- 

 wick; Gustav Braunlich and Willis H. Richardson, of Providence. 



The Rever; Rubber Co., the Providence plant of the United 

 States Tire Co., secured 28,347 square feet of land on the west 

 side of Eagle street, south of the corner of Valley street near 

 its plant during the early part of February. It is understood 

 that the land is to be held to provide for further expansion of 

 the plant. 



* * * 



-At a meeting of the board of directors of the Narragansett 

 Electric Lighting Co.. held February 6, Arthur L. Kelley, who 

 is head of the Mechanical Fabric Co., was re-elected president, 

 and Colonel Samuel P. Colt was again chosen to membership 

 iin the executive committee. 



On the last Sunday in January a new chantry and cloister to 

 St. Michael's Episcopal Church, Bristol, was dedicated as a 

 n-!emorial to Samuel P. Colt, Jr., who died a number of years 

 ago. It was presented by Colonel Colt. The structure is made 

 "f Portland stone and is of Gothic design similar to the church. 

 The church was founded in 1718 under the jurisdiction of the 

 .'^ee of London. 



* * * 



Airs. Mary .Ann Follett, 94 years old, widow of James Follett 

 and mother of Henry .A. Follett, paymaster of the Alice and 

 Millville Mills of the Woonsocket Rubber Co,, died at the home 

 of her son, 236 South Main street, Woonsocket, February 2. 

 iNlrs. Follett was born June 11, 1818, at North Stonington. 

 Connecticut. She had been a resident of Woonsocket for more 

 than 70 years, and was as well known as was her son. 



