April 1. 1912.] 



THE INDIA RUBBER WORLD 



355 



THE REPUBLIC RUBBER CO. TYER RUBBER CO. 



At the annual stockliolders' meeting of the Republic Rubber The Tyer Rubber Co.. of Andover, Massachusetts, have placed 



Co., Voungstown, Ohio, held on the fourth Monday of January, the contract for the building of their new automobile tire factory 



the stockholders elected the same board of directors for the en- with the B. F. Smith Construction Co., of Pawtucket, Rhode 



suing year. The following ofliccrs were chosen : President, Island. Work will be begun at once, and it is expected that the 



Thomas L. Robinson; vice-presidents, L. J. Lomasney and L. T. mill will be producing tires by August 15, 1912. The latest and 



Petersen; secretary, C. F. Garrison;, treasurer, M. I. Arms, most modern machinery will be installed, and the highest quality 



second. The statement for the year showed a large increase in of goods manufactured. It will have a capacity of 600 tires per 



business, and the completion of a number of improvements to the day, and will employ about four hundred hands. Charles T. Main, 



plant. In addition to the new buildings completed in 1911, the of Boston, is the architect and engineer of this plant, 

 company u ill erect, during the year 1912, a five-story building, 



80 x 200 feet, which will be used for the finishing departments. but prices sometimes do come down. 



The new calender building will be in operation by the middle of -j-,,g New York "World," in a recent editorial, referring to 



the year. Tlie company has recently disposed of an additional j^^ threatened advance in the price of leather shoes, because 



$500,000 of preferred stock, which will bring its issued capital „{ ^^e increased cost of material and labor, contains this 



to $4,000,000. observation: 



OFFICERS OF THE REVERE RUBBER CO. "!' ^^ ^ poor rule that works Only one way. If there were 



At the annual meeting of stockholders of the Revere Rubber "'^casional examples of voluntary reduction of pnce, if the 

 Co., held February 26, 1912, the following directors were dulv consumer were sometimes given the benefit of decreased cost 

 elected : Charles C. Case, Samuel P. Colt, Homer E. Sawver, "r °^ economies of production such as might be applied in 

 Harrv E. Converse, James B. Ford. Lester Leland, Elisha S. this case, there would be less complaint when prices are 

 Williams ; and at the meeting of the board of directors for organi- ''aised by manufacturers on legitimate grounds 

 zat.on, held March 27, 1912, the following officers for the ensuing ^ut. manufacturers do occasionally reduce their prices, as 

 vear were duly elected: president, Elisha S. Williams; vice- ^^'^^ ""t^^^ ^"d commented upon in the March number of 

 president, Charles C. Case; treasurer, William H. Gleason : as- The Ixni., Rubber World, where it is shown that the re- 

 sistant treasurer, Albert Y. Tucker; secretary, William H. ""* decrease in the price of rubber footwear would aggre- 

 Gleasnn; assistant secretarv. John D. Carberrv. S^'e an annual saving to the consumer of about $5,000,000- 



i. e.. provided the retailer passes along the reduction that 



THE HOOD RUBBER CO.'S BALAKCE SHEET FOR 1911. COmeS tO him. 



Below is given a condensed balance sheet, as to December 31, 



1911, of the Hood Rubber Co., Boston, Massachusetts: rubbers for feathered shoes. 



Assets. -^ New York daily, among its highly important news re- 

 Plant $2,000,000.00 ceived by wireless telegraphy, recently gave the following 



Merchandise 954.166.83 interesting item to the effect that Parisiennes are to display 



Receivables : 1,511.037.31 the plumage of birds on their feet. The paragraph is as 



cf^ 'i y ' " Li' "^ V "^ij-r'Zionn follows: "The very latest note of elegance in footwear is 



Stock owned in other Corporations 487,378.09 -' ,.,,._,., 



Patents 1.000.00 declared to be shoes covered with birds plumage or the most 



■ elegant hues, gummed on to the leather. No color effect is 



$3,228,018.86 too gaudy for the coming season's shoe, and the iridescent 



Li.vBiLiTiES. plumage of the golden pheasant and the bird of paradise will 



Capital Stock. Common $1,000,000.00 decorate the low-cut, high-heeled shoes which will be worn. 



Notes Pavable ^."''"'^■::.\\-.\\:;.::.\\\\- ::.:::: S^Sro ibis plumage wm also be empWed" 



Surplus ' 1988 018.86 ^^ t'"s "S"*^' fashion of wearing feathers on leather shoes 



should ever obtain on this side of the water (as a matter of 



$5,228,018.86 fact, some of the enterprising New York stores have already 



I have examined the books of the Hood Rubber Co., and displayed this feathered footwear in their windows"), it will 



HEREBY CERTIFY that the Condensed Balance Sheet shown i,e incumbent upon manufacturers of rubber shoes to get in 



hereon states the true condition of the Hood Rubber Company, ^^^ ^^.-^^ suitable decorations for their products-as, for in- 



books. EdW D P. COMINS, , , r ■>• 1 1 ij 1 1 



Boston. .Mass.. as of December 31. 1911. as disclosed by its stance, the fine, glossy leaves of that familiar household plant, the 



Certified Public Accountant. Ficus Elastica Brooklyniensis. 



March 14. 1912. 



Hood Rubber Co. — Comp.\r.\tive Statement of Six Different Y-e.^rs. 

 The table below gives a comparative statement of the condition of the Hood Rubber Co., at intervals of three years, from 

 1897 — the first year after its formation — to the close of 1911. This table tells in succinct form a story of cogtinuous and exceed- 

 ingly rapid progress, the assets at the end of 1911 being nearly 11 times the assets at the end of 1897. 



Assets. 



Oct. 1.1897. Oct. 31.1900. Oct. 31.1903. Dec. 31. 1906. Dec. 31, 1909. Dec. 31, 1911. 



Plant $189,801.50 $555,000.00 $770,000.00 $1,300,000.00 $1,400,000.00 $2,000,000.00 



Merchandise 120,684.79 258.512.64 649.516.84 843.872.28 626,281.04 954,166.83 



Receivable 170.226.82 346.582.54 367,196.45 625,541.41 1.640.438.91 1,999.615.40 



Cash 16,459.19 35.068.23 68,771.81 118,930.01 233,998.91 274,236.63 



$497,212.30 $1,195,163.41 $1,855,485.10 $2,888,343.70 $3,900,718.86 $5,228,018.86 



Ll.XBILITIES. 



CapitaM Common $253,000.00 $750,000.00 $1,000,000.00 $1,000,000.00 $1,000,000.00 $1,000,000.00 



Stock I Preferred 1.000.000.00 1,500,000.00 



Debt 242.572.70 290.000.00 685.000 00 950.000.00 470.000 00 740.000.00 



Surplus 1,639.60 155.163.41 170.485,10 928,343.70 1,430,718.86 1,988,018.86 



$497,212.30 $1,195,163.41 $1,855,485.10 $2,888,343.70 $3,900,718.86 $5,228,018.86 



