126 



THE INDIA RUBBER WORLD 



[January i, igo8. 



News of the American Rubber Trade. 



BOSTON BELTING CO.— ANNUAL. 



AT the annual meeting of shareholders of the Boston Belt- 

 ing Co., held Nov. 29, these directors were elected : 

 James Bennett Forsythe, J. H. D. Smith, Lewis M. 

 Crane, Charles H. Moseley, Francis H. Stevens, William H. 

 Furber, and George A. Miner. The board is the same as last 

 year, except that Mr. Miner, a director some time ago, suc- 

 ceeds Edwin A. Hildreth, deceased. The officers were reelected : 

 James Bennett Forsyth, president and general manager; J. H. D. 

 Smith, treasurer and clerk. Thomas Lang, one of the three 

 auditors, retires after ig years' service, and is succeeded by 

 Charles J. Upham. The balance sheet as of September 30, 1907, 

 stood as follows : 



ASSETS. 



Real estate — Lands and buildings $190,312.67 



Machinery 235.707.70 



Tools, furniture and fixtures 95,850.08 



Cash 22,947.44 



Bonds and notes and accounts receivable, investment 



account 701,956.85 



Merchandise 1,022,260.15 



Trade marks 100.00 



Sundries 800.00 



Total $2,269,934.89 



LI..\BILITIES. 



Capital $1,000,000.00 



Reserve Fund 800,000.00 



Profit and loss 381,934,89 



Notes payable 88,000.00 



Total $2,269,934.89 



The usual quarterly dividend of 2 per cent, was declared and 

 was payable on January i. 



SAFETY INSULATED WIRE AND RUBBER CO. 



It is announced that H. E. Huntington, widely known in rail- 

 way circles, has acquired a controlling interest in the $1,500,000 

 capital stock and $1,228,000 outstanding bonds of the Safety In- 

 sulated Wire and Cable Co., and C. E. Graham, Mr. Huntington's 

 representative in New York, has been elected vice-president of 

 the company. The Safety company some time ago joined the 

 combination known as the National Steel and Wire Co., one of 

 the branches of which, the National Wire Corporation, went into 

 the hands of a receiver early in the year and later was sold out. 

 The Safety company has a very large business, and has filled 

 extensive orders for the United States government. 



Everett Bertram Webster, president of the National Steel and 

 Wire Co., and a director in the Safety Insulated Wire and 

 Cable Co., died suddenly on December 2 at Jacksonville, Florida. 

 His home was at Lynn, Massachusetts. 



NEW COTTON DUCK MILLS. 



The Passaic Cotton Mills, at Passaic, N. J. [see The India 

 Rubber World, August i, 1907 — page 355], began operations on 

 December 5. The product of the plant is the finest grade of 

 cotton duck for fire hose and automobile tires and for other 

 mechanical purposes. The company own the Worcester Rubber 

 Tire Duck Co., in Massachusetts, which plant is still in opera- 

 tion, but will be shut down as soon as the new factory is able 

 to cope with the demand. Catlin & Co., of New York, are the 

 selling agents. George H. Hay, treasurer of the Fabrikoid Co. 

 (Newburg, N. Y.), is president; R. P. M. Eagles, of Catlin & 

 Co., is vice president ; Louis R. Cowdrey, also of Catlin & Co., 

 is secretary and treasurer, and the remaining directors are Frank 

 Ball and Charles E. Sampson. 



There is a movement on foot to organize a stock company 

 for the erection of a mill at Morristown, Tennessee, for the 

 manufacture of convertible cotton goods for the rubber and 

 linoleum trades, to be capitalized at about $150,000. 



RECOVERY FROM A FIRE. 



The Leather Tire Goods Co. (Newton Upper Falls, JNIassa- 

 chusetts) advise The India Rubber World that they have prac- 

 tically recovered from the effect of the fire in their plant which 

 occurred on Nevember 14. They are shipping goods and 

 rapidly catching up on orders that had got behind. The com- 

 pany manufacture the Woodworth patent detachable steel 

 studded leather treads for pneumatic t-res. The building burned 

 formed part of the plant of the old Newton Rubber Works. 



A fire in the asbestos works of The H. W. Johns-Manville Co., 

 Nos. 914-916 North Broadway, St. Louis, caused a loss to stock 

 reported at over $100,000, which is understood to have been fully 

 covered by insurance. 



NEW BUILDINGS AT STAMFORD. 



The new buildings of The Stamford Rubber Supply Co. 

 (Stamford, Connecticut) will be of reinforced concrete. The 

 main building is to be 50X122 feet and two stories high, with 

 a three story extension 18X62 feet, and a one story power 

 house 25X50 feet. The buildings will be well lighted and the 

 equipment the best to be had, the power plant particularly having 

 been designed with a view to the greatest possible economy in 

 working. It is understood that the factory will have some 

 features that are unique in the manufacture of rubber substi- 

 tutes, and the capacity will be several times that of the old 

 plant. 



RECEIVER FOR THE PARA RECOVERY CO. 



The plant and business of the Para Recovery Co., of Bayonne, 

 New Jersey, have been placed in the hands of a receiver, upon 

 the application of Robert E. Dearburg, filed on December 9. 

 The court appointed Pierre F. Cook, of No. i Exchange place, 

 Jersey City, who is referred to as being in this case a "com- 

 placent receiver." It is asserted that the assets of the company 

 are larger than the liabilities. The application for a receivership 

 was voluntary on the part of the company, being due to the 

 heavy drop in the price of the rubber in competition with which 

 their products are sold, and the current monetary stringency. 



HARTFORD RUBBER WORKS CO. 



E. R. Benson, who has been connected with The Hartford 

 Rubber Works Co. for several year.s, being latterly secretary, 

 has resigned to become identified with the Cadillac Motor Car 

 Co., at Detroit, INIichigan. 



The Hartford Rubber Works Co. have removed their Boston 

 business to larger premises in the Heard building. No. 817 

 Boylston street, which will be their only branch in Boston. 

 They had been situated for six years in Atlantic avenue, and 

 their reason for moving is to become more centrally located in 

 the automobile district. 



E. D. Robbins has secured an attachment against property 

 of The Hartford Rubber Works Co. to the amount of $150,000, 

 in a suit in behalf of Louis D. Parker, former president of the 

 company, who claims damages in connection with his retire- 

 ment from that office in 1904. 



The Hartford Rubber Works Co., in carrying out their annual 

 custom of giving a Thanksgiving turkey to every employe of 

 their Hartford factories, gave away this season more than four 

 tons of the "national bird." 



RECEIVERS FOB THE ELECTRIC VEHICLE CO. 



The Electric Vehicle Co., a New Jersey corporation formed 

 September 27, 1897, with $10,000,000 capital authorized (in- 

 creased later to $20,000,000) to manufacture autoinobiles, on 

 December 10 went into the hands of receivers in two states. In 

 New Jersey, in the United States circuit court, Halsey M. Bar- 

 rett and Harry W. Nuckles were appointed receivers, and in 

 New York, in the United States circuit court, Mr. Barrett and 



