300 



THE INDIA RUBBER WORLD 



[June i, 1908. 



Xct profits $3.553056.14 



Dividends 3.495,+48.oo 



Surplus for period $58,108.14 



Surplus April i, 1907 6,126,706.44 



Surplus March 31, iQoS $6,184,814.58 



JOHN J. WATSON, JR., Treasurer. 

 The accounts are verified by the company's auditors, Haskells 

 & Sells, certified public accountants, who find that the quick as- 

 sets of the company, on March 31, 1908, exceeded all the liabilities 

 other than capital stock and surplus accounts to the extent of 

 $12,066,403.61. 



THE ANNUAL ELECTION. 



The board of directors, nineteen members, was reelected. 

 The list is as follows, together with the number of terms for 

 which each member of the board has been chosen: 

 Walter S. Ballou, Providence, Rhode Island. [6.] 

 Elias C. Benedict, No. 80 Broadway, New York. [7.] 

 Anthony N.' Bradv, No. 54 Wall street, New York. [5.] 

 Samuel' P. Colt, Bristol, Rhode Island. [17.] 

 Harry E. Converse, Boston, Massachusetts. [11.] 

 Charles H. Dale, No. 16 Warren street. New York. [3.] 

 James B. Ford, No. 42 Broadway, New York. [17.] 

 J. Howard Ford, No. 42 Broadway, New York. [17.] 

 Frank S. Hastings, No. 80 Broadway, New York. [4.] 

 Francis L. Hine, No. 2 Wall street. New York, [6.] 

 Henry L. Hotchkiss, New Haven, Connecticut. [17.] 

 Arthur L. Kelley, Providence, Rhode Island. [3.] 

 Lester Leland, Boston, Massachusetts. [10.] _ 

 Homer E. Sawyer, No. 42 Broadway, New York. [3.] 

 Frederick M. Shepard, No. 787 Broadway, New York. [17.] 

 Francis Lynde Stetson, No. 15 Broad street. New York. [7.] 

 William H. Truesdale, No. 26 Exchange place, New York. [4.] 

 John D. Vermeule, No. 503 Broadway, New York. [12.] 

 John J. Watson, Jr., No. 42 Broadway, New York. [4.] 



The newly elected board met in New York on May 24 and 

 after organizing reelected the following officers and executive 

 committee : 



President — S.\muel P. Colt. 



First Vice President — James B. Ford. 



Second Vice President — Lester Lel.^nd. 



General Manager — Homer E. S.\wyer. 



Treasurer — John J. W.\tson, Jr. 



Assistant Treasurer — W. G. Parsons. 



Secretary — Samuel Norris. 



Assistant Secretary — ^JoHN D. Carberry. 



The executive committee consists of Samuel P. Colt, James 

 B. Ford, Lester Leland, E. C. Benedict, Walter S. Ballou, An- 

 thony N. Brady, and John J. Watson, Jr. 



A MAITEE or HISTORY. 



The following table, showing the amount of net profits of 

 the United States Rubber Co. and the amounts disbursed in 

 dividends since the organization of the company, has been com- 

 piled from the printed reports of the successive treasurers of 

 the corporation: 



Year Ending Net Profits. Dividends. 



March 31. 1893 ( [Not published.] 



March 31, 1894 I 



March 31, 1905 $2,716,370.00 $2,056,190.00 



March 31, 1896 2,339,790.60 1,552,040.00 



March 31, 1897 1,999,611.34 1,552,040.00 



March 31, 1898 2,070,750.41 1,552,040.00 



March 31, 1899 3,226,513.46 1,882.040.00 



March 31, 1900 3,007,887.54 2,828.680.00 



March 31, 1901 62,605.57 705,765.00 



March 31, 1902 deficit none 



March 31, 1903 1.594,908.16 none 



March 31, 1904 1,575,641.29 none 



March 31, 1905 3,761,922.63 1.882,040.00 



March 31, 1906 3,881,270.23 2,846,092.00 



March 31, 1907 4,590,382.72 3,485,956.00 



March 31, 1908 3.553.556.14 3.495,448-00 



The net profits reported above, prior to March 31, 1902, are 

 for the United States Rubber Co. alone, in its distinct corporate 

 capacity. In the year in which a deficit occurred, in the accounts 

 of the parent company, it is understood that in the aggregate the 

 business of the subsidiary companies would have shown a surplus. 

 For the subsequent years the figures are derived from con- 



solidated reports of the "United States Rubber Co. and Sub- 

 sidiary Companies," covering their toal income, but not includ- 

 ing details for the Rubber Goods Manufacturing Co.'s transac- 

 tions further than the dividends from the latter accruing to the 

 LTnited States Rubber Co. during the last three years. The 

 dividends paid in 1900-01 were declared in the first half of the 

 year, when the condition of the company appeared better than 

 later proved true, the net result being a reduction of the surplus. 



UNITED STATES RUBBEE CO.'S NEW BOSTON OFriCES. 



The Boston offices of the United States Rubber Co. and the 

 Boston Rubber Shoe Co. have been most desirably located for 

 several years past in the Converse building, at No. loi Milk 

 street, except that this is quite a distance from the shoe trade 

 center. With the idea of getting into the shoe district the offices 

 of these two companies have been moved to No. 140 Essex street, 

 corner of Columbia. These new offices are not only more con- 

 veniently situated for easy access by rubber jobbers, but they are 

 an improvement in other respects over any offices the companies 

 named have hitherto had in Boston. The occupy the entire 

 ground floor and the basement. The ground floor, about 65 x 100 

 feet, is practically one large room, being petitioned off into 

 various departments only by a railing. A wide aisle runs from 

 the center door almost the entire length of the building. The 

 first space at the left of the rail — about 25 x 65 feet — is given 

 over to the selling department, and is occupied by Messrs. Coe, 

 Jones, Wilson, Balderston, Phipps, Stevens, Palmer and Hill. 

 Back of this division the .American Rubber Co. have the sales 

 office of their clothing department, in charge of Mr. Eustis and 

 Mr. Gillett. H. E. Sawyer, general manager, Edward R. Rice, 

 manager of sales, are also provided with desks for use on the 

 occasion of their frequent visits to the Boston office. The most 

 interesting feature of the new office, however, is the space im- 

 mediately to the right of the entrance, which is devoted ex- 

 clusively to convenience of the jobbers. It is furnished with 

 desks, conference tables, comfortable chairs, telephone facilities, 

 and the like, for the use of visiting customers. Back of the 

 customers' room, at the rig ht of the main aisle, are private 

 conference rooms, and back of these is probably the finest rub- 

 ber sample room in the United States, 25 x 36 feet in size. 



COLCHESTER RUBBER PLANT BURNED. 



AFIRE at Colchester, Connecticut, on the night of May 13, 

 destroyed a factory property owned by the LTnited States 

 Rubber Co., which, though unused of late, was of no little historic 

 interest. In the spring of 1847 the rubber shoe manufacture 

 carried on by Nathaniel Hayward on a small scale at Lisbon, 

 Conn., was transferred to a joint stock company just formed, 

 under the name Hayward Rubber Co., which removed the busi- 

 ness to Colchester, and in that year the first of the buildings 

 just burned was erected. Included in the company were Mr. 

 Hayward, Henry Burr, and William A. Buckingham, all of 

 whom attained prominence in the trade, besides which Bucking- 

 ham, for nearly 40 years treasurer of the company, served ably 

 as governor of Connecticut and later as United States senator. 

 The Hayward Rubber Co. were licensees under Goodyear's 

 patents, and long ranked among the most important rubber foot- 

 wear concerns. 



The plant was taken over by the Colchester Rubber Co., organ- 

 ized by George Watkinson and incorporated in April, 1888, after 

 which a larger business was done for a while than in the best 

 days of the Hayward company. The Colchester company became 

 affiliated with the United States Rubber Co. in August, 1893, 

 and a year later the machinery was removed to other factories. 



The Editor of The India Rubber World was at one time 

 manager of another factory of the Hayward Rubber Co., at 

 Bozrahville, Conn., and later assistant superintendent at the 

 Colchester factory. 



