November i, 1903.] 



THE INDIA RUBBER WORLD 



37 



^¥ 



Wft*** 



Published on the 1st of eaoh Month by 



THE INDIA RUBBER PUBLISHING CO. 



No. 150 NASSAU ST.. NEW YORK. 



HENRY C. PEARSON, 



EDITOR. 



HAWTHORNE HILL, 



ASSOCIATE. 



Vol. 29. 



NOVEMBER 1, 1903. 



No. 2. 



Subscriptions : $3.00 per year, 81.75 for six months, postpaid, for the United 

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COPYRIGHT, 1903, BY 



THE INDIA RUBBER PUBLISHING CO. 



Entered at New York Post Office as mail matter of the second-class. 



TABLE OF CONTENTS. 



1 

 Editorial : 



The Trusts not so Terrible 



The Brazilian Tax on Kubbi-r 



Bed, Blue, and Gieeu " L.aex " 



Report of a German Rubber Factory Company 



[Vereinigte Gummiwaaren-Fabriken, Harburg-Wien.] 



Advance in Rubber Goods in Europe 



Rubber Stocks, Prices, and Speculation 



[Illustrated with a Chart.] 



Madagascar Rubber in the Antwerp Market Emile Onuar 



Specific Gravity in Rubber Compounding 



, [With 4 Illustrations ] 



Steam Turbines in the Rubber Factory ..Ho hoi S. Kimball, s. B. 



[With 4 Illustrations ] 

 Attaching Wringer Rolls by Melting 1 lUuxtrab tt) 



Rubber Factory Appliances 



[With 4 Illustrations.] 



The India-Rubber Trade in Great Britain 



Uur Regular Correspondent 



Record of Rubber Culture 



The German Rubber Workman Abroad 



Rubber Industry in New Jersey 



New Goods and Specialties in Rubber Ulliis'rated) 



[The U. S. A. Liquid Pistol. A New Ho; Water Bottle. The Achilles 



Exerciser. The Hicks' Dress Shield. The Rubber Face Mask. 



Automobile Tires with " Friciion Plug." The " High Bin -er " Felt 



Legging. Perforated Mats with Molded Boiders. The Sherman 



Hose Coupling.] 



Recent Rubber Patents [American, British, German] 



Miscellaneous : 



Inventors in Akron Rubber Factories 



The Preparing of Crude Rubber 



Where the Catalogues Went 



India-Rubber Goods in Commerce 



Charles Good vear Twice Surprised 



Balata from Dutch (iuiana 



The Para Rubber Plantation Co 



The Obituary Record 



New Tax on Rubber at Manaos 



New Trade Publications 



News of the American Rubber Trade 



[With Two Illustrations.] 



The Trade in Akron Our Correspondent 



The Textile Goods Market 



Review of the Crude Rubber Market 



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61 

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 64 

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62 

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 66 



THE TRUSTS NOT SO TERRIBLE. 



T^HERE appears to be little attention given, in current 

 1 political discussions in the United States, to the idea, 

 at one time so widely ventilated, of governmental regula- 

 tion of Trusts, with a view to preventing them from gain- 

 ing control of the whole field of industrial production in 

 this country. A year or two ago there were many people 

 who seriously considered it the first duty of the government 

 to act promptly for the protection of the masses against the 

 Trusts. This journal has more than once hazarded the 

 opinion that before the attention of Congress could be con- 

 centrated upon this subject, some of the so called Trusts, 

 instead of needing to be curbed, would be in need of pro- 

 tection from falling down through sheer weakness. Re- 

 cent events seem to confirm this view. 



Lately the public has been treated to some sensational 

 testimony, in legal proceedings growing out of an attempt- 

 ed combination of shipbuilding concerns, the details hav- 

 ing been brought out more fully than in any like case in 

 the past, and the effect cannot fail to be to make investors 

 more cautious for awhile in regard to industrial securities. 

 Without questioning the motives of the first movers in the 

 proposed shipyards consolidation, it is plain that the ob- 

 ject of those who assumed control of the financial trans- 

 actions were not at all concerned about shipbuilding. 

 Their program was to manufacture certificates of stock 

 which it was hoped the public would buy, without asking 

 whether these shares represented anything of intrinsic 

 value. If, after their sale, the shares should prove worth- 

 less, the promoters who stood as vendors expected to be 

 able to avoid all responsibility. The public failed to be- 

 come interested, however, and the promoters now hold a 

 mass of " securities " of little value to them as capital. 

 Meanwhile the shipyards have not ceased to exist, and ef- 

 forts are being made to settle the question of ownership, 

 that orders for work now in sight may be utilized. 



Doubtless these disclosures will be recalled whenever, 

 for sometime to come, the public is invited to invest in 

 the capital of new industrial consolidations. And natural- 

 ly one effect will be to place a stigma upon Trusts in gen- 

 eral. Yet this shipbuilding case is entirely apart from the 

 Trust question. The real question is whether commodities 

 can be produced more economically by combining a num- 

 ber of plants than by operating them independently, and, 

 if so, whether the field is narrowed for small or individual 

 enterprises. The history of the attempted shipbuilding 

 Trust proves nothing whatever. under this head. In that 

 case certain persons of prominence in the financial world, 

 seeing a new movement on foot to combine industrial 

 plants, offered to " finance " the transaction, their pay to 

 be in the shape of some millions of dollars of promoters' 

 shares. Combining the shipyards might or might not have 

 been good business ; creating an excessive amount of pro- 

 moters' shares was very bad business, comparable to 

 "salting" a gold mine, or to hypothecating the same 

 warehouse receipts with two banks. It has been a great 

 blow to Trust development. 



But if public sentiment is less alarmed than formerly in 



