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THE INDIA RUBBER WORLD 



[September i, 1904. 



Jersey. The company will exploit a tire under United States 

 patent No. 761,847, granted to Millar. 



= Fibre Cushion Horseshoe Co. (No. 88 New Chambers 

 street, New York), June 26, 1904, under New York laws ; capi- 

 tal, $300,000, in $10 shares. Incorporators and directors for 

 one year: Lionel D. Saxton (president), F. B. Langan, and 

 John T. Langan. Formed to continue the business hitherto 

 carried on under the same name, of manufacturing Saxton's 

 fiber cushion horseshoe, which embodies a pad composed of 

 numerous plies of cotton duck, held together with rubber fric- 

 tion, strongly compressed, vulcanized, and so adjusted to the 

 metal shoe that the plies of duck stand on edge when touching 

 the street surface. 



= Manabo Manufacturing Co. (New York), July 18, 1904, 

 under New York laws ; capital, $300,000. Directors: Louis A. 

 Levy, No. 96 Water street, and Albert Veith, No. 622 Broad- 

 way, New York; Henry B. Corey, No. 1051 Prospect place > 

 Brooklyn. To manufacture a golf ball patented by Joseph A. 

 Manahan, of New York — No. 765,145, July 12, 1904. The pat- 

 ent claim is for " A ball comprising a core having a plurality of 

 channels communicating at their inner ends with each other, 

 an elastic covering for the core, and plungers operating in said 

 channels and adapted to engage such elastic covering." The 

 spherical core is wound with rubber thread and the cover is of 

 Balata. 



AN APPEAL IN RE FABER VS. FABER. 

 [See The India Rubi.kr World, August I, 1904 — page 394. J 



The firm of Eberhard Faber has filed an appeal to the United 

 States circuit court of appeals, from the decree of Judge Ray, en- 

 tered July 19, 1904, in the United States circuit court for the 

 southern district of New York, in the suit of A. W. Faber to have 

 the party first named enjoined from the use of certain designa- 

 tions in advertising lead pencils, erasive rubber, and rubber 

 bands. The appellant gives a bond for $25,000, in addition to a 

 bond for costs, and the injunction issued by virtue of the above 

 decree is suspended during the pendency of the appeal. This 

 does not, however, affect the operation of the terms of the de- 

 cree requiring Eberhard Faber to make an accounting of the 

 goods in his possession marked in the manner complained of. 



OUTING OF THE REVERE RUBBER CO. *S EMPLOYES. 



The fifteenth annual picnic of the employes of the Revere 

 Rubber Co. was held on Saturday, July 30, at Centennial 

 Grove, Essex, Massachusetts. The employes and their families 

 and guests, making a party of nearly a thousand, left Chelsea 

 in a special train of 15 cars at 8.15 A. M., and reached the grove 

 an hour later. The weather was delightful, and the program 

 arranged was carried out with entire success. The principal 

 feature was a baseball game, for a prize of $50, between two 

 picked teams from the factory. After a hotly contested match 

 of two hours the McLaughlin team defeated the Casey team 

 by a score of 14 to 8. Other events were : 



One hundred yard dash, with three prizes. — Winners : Joseph Casey, 

 first; J. Thornton, second ; D. Conners, third. 



One quarter mile run. — J. M. Patterson, first ; J. Casey, second ; J. 

 Thornton, third. 



One hundred yards married men's race. — D. Conners, first ;. C. 

 Crowley, second ; D. Carter, third. 



Three legged race. — J. Mahoney and E. Cronin, first ; J. Casey and 

 P. Thorpe, second. 



There was also a boys' race, girls' race, and potato race. But 

 what caused more amusement than all the others was an event 

 not on the program — a fat man's race, contested by a member 

 of the house of representatives (weight 400 pounds), a foreman 

 at the Revere factory (350 pounds), and an engineer at the fac- 



tory (250 pounds). The lawmaker won the race, but the 

 others consoled themselves with the fact that he had the ad- 

 vantage in point of years. Later there was rowing on the 

 beautiful lake, and the dancing pavilion was freely patronized. 

 At 6 o'clock the party marched from the grounds to the strains 

 of " Home, Sweet Home" played by the band, and within an 

 hour had arrived safely at Chelsea. Mr. J. S. Patterson, assist- 

 ant superintendent at the factory, saw the party start in the 

 morning, and Mr. F. W. Veazie, superintendent, spent the 

 afternoon at the picnic grounds. The company defrayed all 

 the expenses of the outing. The committee in charge consisted 

 of A. N. Smith (chairman), John Egan (secretary), P.J. Malley, 

 J. F. McLaughlin, James Casey, J. Baldwin, T. McLaughlin. 



FISK RUBBER CO. — REORGANIZATION. 



Proposals have been made to the creditors of this com- 

 pany, by the receiver, looking to a reorganization on the basis 

 of shares of a new company, to be incorporated to continue 

 the business, being accepted in payment of their claims. The 

 company was incorporated in the latter part of 1898 to acquire 

 the tire plant of the Spalding & Pepper Co. (Chicopee Falls, 

 Mass.), with $33,000 capital. A good business was done from 

 the beginning, but after the death of Mr. Noyes W. Fisk, presi- 

 dent of the company, in 1901, the assistance which he had ren- 

 dered in obtaining credits was lacking, with the result that this 

 statement was issued on October 15, 1903: 



The Fisk Rubber Co. has made an assignment to A. N. Mayo, of 

 Springfield, for the purpose of reorganization and increase of capital 

 stock. The assets are in excess of the liabilities, and it is expected that 

 all indebtedness will be paid in full. 



A statement made in connection with the assignment showed 

 assets of $232,587.09 and liabilities of $237,480.96. The busi- 

 ness of the company has since been continued uninterruptedly, 

 and it is stated that during the first six months following the 

 appointment of the receiver the profits earned aggregated $62,- 

 750. It is proposed, in case the reorganization plan is assented 

 to, to put it into operation not later than November t of the 

 present year. The proposals include stipulations regarding 

 the retirement of the stock to be issued to the creditors, which 

 is to be in 6 per cent, cumulative shares. 



THE GOODYEAR TIRE AND RUBBER CO. (AKRON). 

 This company filed in the office of the secretary of state of 

 Ohio on August 1 a certificate reducing its capital stock — all 

 common — from $1,000,000 to $500,000, and later on the same 

 date filed a certificate increasing its capital stock from $500,000 

 to $1,000,000— one half preferred. This transaction is explained 

 by the provisions of the Ohio statute under which common 

 stock can be changed to preferred stock only by such proced- 

 ure. The whole relates to the plan of reorganization of the 

 company submitted lately to its creditors [See The India 

 Rubber World, May 1, 1904 — page 288], who were invited to 

 surrender their claim for a prospective issue of bonds and a 

 new issue of preferred shares, the company to have the right 

 to redeem these securities at any time. The company was 

 originally capitalized at $1,000,000, but of this only one half was 

 issued, and the remaining shares were cancelled by the rein- 

 corporation. Of the new capital $500,000 is to be in 6 per cent, 

 cumulative preferred shares, "such stock to have a preference 

 in liquidation as well as in dividends." The plan involves also 

 $300,000 of 10 year 6 per cent, bonds, secured by mortgage on 

 the company's plant. 



END OF THE SOLID TIRE POOL. 

 The pool which has existed during the past twelve months in 

 solid and cushion rubber tires expired on September 1, as the 

 result of a decision reached at a meeting of manufacturers held 



