March i, 1904.] 



THE INDIA RUBBER WORLD 



185 



RUBBER PLANTING INTERESTS. 



T 



BATAVIA COMPANY. 



[Plantation " Batavia," near Santo Domingo, in the district of Culcatlan, slate of 

 Oaxaca, Mexico. Office : Wells building, Milwaukee, Wisconsin. See The India 

 Rubber World, August I, 1903 — page 373. J 



'HE president of the company Ceylon E. Lyman, on Jan- 

 uary 26. started for Jamaica to visit a rubber plantation 

 there, meaning to return by the company's estate. On 

 February 15 the inspector chosen by the shareholders 

 — Ben L. Edgarton, of Oshkosh, Wisconsin — was to start on 

 his inspection tour. C. M. Kendall, general agent, informs The 

 India Rubber World that they now have 20,000 rubber trees 

 growing, from three to four years old, with 70,000 seedlings 

 ready for transplanting, and that they expect eventually to have 

 4000 acres in rubber. The company is now one year old, hav- 

 ing acquired an estate on which planting had begun. The com- 

 pany's Bulletin No. 4 states that they expect the 20.000 trees 

 mentioned to be productive by 1907. Recently seeds of twenty- 

 five different tropical plants have been obtained from Ceylon 

 with a view to testing their economic value in Mexico. 



THE SAN MIGUEL PLANTATION CO. 



[Hacienda "San Miguel," state of Vera Cruz, Mexico. Office: Chamber of 

 Commerce building. Chicago. See The India Rubber World, April l, 1903 — 

 page 226.J 



The plantation of this company has been visited during the 

 month by Richard Walsh, president, and H. E. Rose, secretary 

 and treasurer and general manager of the company, and others 

 from Chicago and Toledo, Ohio, who are interested in it. The 

 party includes Dr. L. J. LifTering, of Toledo, who is making the 

 annual inspection in behalf of the shareholders. Mr. Rose in- 

 formed the Mexican Herald that 520 acres had been planted in 

 rubber and 500 acres in sugar cane. There had been sold to a 

 neighboring sugar mill, for their first year, 20,000 tons of cane 

 for $40,000, gold. It is intended to increase the acreage of rub- 

 ber and sugar each to 1000 acres. 



COSTA RICA RUBBER CO. 



[Plantation, San Carlos, Costa Rica. Office: No. 203 Currier building, Los 

 Angeles, California.] 



This company has been reorganized since its first mention, 

 as the Costa Rica Development Co., in The India Rubber 

 World of May i, 1902 (page 254), the principal officers remain- 

 ing the same. There are now owned 2500 acres of land be- 

 tween the San Carlos and Tres Amigos rivers, in Costa Rica, 

 and 60 miles from Greytown, Nicaragua. The company now 

 have 25,000 two year old rubber trees and 15,000 one year old 

 trees growing, with 100,000 trees in the nursery, besides 5000 

 two year old cacao trees, and 15 acres in tropical fruits. An 

 official of the company writes to The India Rubber World 

 that the company was formed bybusiness men of Los Angeles 

 on the solid plan of " put your hand in your own pocket, and 

 pull out the dollars to work with," which has been followed to 

 the present time, with such satisfactory results that, in view ol 

 the ultimate success which they feel is assured, they are now 

 offering some of their treasury, stock to the public, to obtain 

 funds for further development, the idea being to continue 

 planting until the whole estate has been covered. Already 

 plans are under way for forming a nursery of 300,000 rubber 

 plants this year in addition to the transplanting which has 

 been arranged for.==At the second annual meeting of share- 

 holders, at the office in Los Angeles, on February 8, the fol- 

 lowing directors were reelected: L. W. Blinn, H. Jevne, Octa- 

 vius Morgan, A. C. Harper, B. A. Benjamin, E. B. Merrill 



R. H. Wilkinson, and C. S. Hogan, and F. B. Hudson was 

 elected in place of W. B. Raymond. The secretary, C. S. 

 Hogan, made a favorable report on the condition of the com- 

 pany, and the treasurer, E. B. Merrill, reported enough funds 

 on hand to assure the carrying out of this season's plans, with 

 only one-fifth of the capital stock of $500,000 sold. 



ORIZABA RUBBER PLANTATION CO. 



[Plantation " Chival." Salto de Agua, stale of Chiapas, Mexico. Office : No. 2rs 

 Dearborn street, Chicago, Illinois. See The India Rubber World, August i, 

 1902— page 2j>] 



A financial statement of this company, for the year ended 

 November 30, 1903. appears in their bulletin, Chiapas News, for 

 February, amounts being expressed in Mexican silver. Re- 

 ceipts were $88,000.48 and expenditures $83,837.10. Labor, sub- 

 sistence of laborers, and salaries cost $54,038.26. For merchan- 

 dise for the company store $13,670.92, was expended, and 

 store sales reached $11,151.72. Store profits to September 30, 

 amounting to $2001.89, were applied to dividend account, to- 

 gether with $3000 derived from the sale of corn. Certificate 

 holders were paid a 5 per cent, dividend on December 15, 

 amounting to $4207.22.==The annual inspector chosen by the 

 stockholders is Howard Little, of Newton, New Jersey, who 

 should now be on the plantation. President James B. Sanford, 

 of Chicago, is also in Mexico. 



CHIAPAS RUBBER PLANTATION CO. 



[Plantation " San Luis," near Palenque, department of Palenque, state of 

 Chiapas, Mexico. Offices: Crocker building, San Francisco.] 



This company has been referred to frequently in The India 

 Rubber World as the Chiapas Rubber Plantation and In- 

 vestment Co., under which name it was incorporated in Cali- 

 fornia, July 7, 1899. On December 12 last, circular letters were 

 sent to all the investors in the company, in relation to reor- 

 ganizing under the shorter name printed above. The re- 

 sponses were so favorable that it has been decided to carry out 

 the new plans, pursuant to which a new corporation has been 

 formed, under the laws of Arizona, with 25.000 shares of capi- 

 tal of the par value of $200. The old company has sold its 

 plantation to the new for 17,500 shares of the capital of the lat- 

 ter, leaving 7500 shares of the new company in the treasury. 

 The old company will remain in existence until it shall have 

 purchased all of its outstanding harvest certificates of the stock 

 of the new company. The reason for the change is explained 

 as follows : Under the original plan the holders of harvest cer- 

 tificates would be entitled, by the time the rubber plantation 

 became productive, each to take his interest in the form of a 

 proportionate amount in acreage of the lands. Realizing that 

 such division of the property might not lead to the best and 

 most economical management in the end, the plan was pro- 

 posed of conveying the property to a corporation in which all 

 the certificate holders should be stockholders, with a perma- 

 nent title in an undivided business, under the control of ex- 

 perienced men in permanent positions, and uniform dividends 

 to all the investors. But if every stockholder should take a 

 parcel of the land and have it cultivated through his own agent 

 or employes the total cost would be greater, and the possible 

 profits largely diminished. Another point made was that much 

 of the land in the large holdings of the company is not suited 

 for rubber, while the old plan of organization did not permit 

 the company to plant anything but rubber. The land is well 

 adapted for cattle raising, for which interest a good market 

 exists, and on the advice of the resident manager it is proposed 



