THE INDIA RUBBER WORLD 



[May 1. 1916. 



REPORT OF RUBBER GOODS MANUFACTURING 

 COMPANY. 



THIC ScveiUccinh .Annual Report of the Rubber Goods Manu- 

 facturing Co., New York City, has been sent to the stock- 

 holders. The president's report describes the special conditions, 

 adverse the tirst part of the year, with a marked improvement 

 during the last four months of the year, and continuing up to 

 the present time. It also tells of the enlargement of the prin- 

 cipal tire plant. 



The treasurer's report gives briefly the assets and liabilities, 

 the net profits and dividends and the surplus at the close of the 

 year 1915. 



r.oth reports are given in full below : 



THE PRESIDENT'S REPORT. 



RlRBER (,IH1I)> M 



-■ACTURINX 



To THE Stcckholfiers 

 Co.: 



While the sales of the company, both in quantity and value, 

 were larger in 191.S than in 1914, the net earnings were less on 

 account of special conditions in the tire department. These ad- 

 verse conditions made themselves felt throughout the entire heavy 

 buying season, but from September on and continuing from Jan- 

 uary 1 of this year up to date a marked improvement has occurred 

 in the tire department. 



Still further expansion of our tire facilities has become neces- 

 sary owing to the rapid increase in this business recently, and on 

 account of these changes, necessitating the enlargement ni the 

 Morgan & Wright plant and the providing of additional working 

 capital needed for the larger business transacted, we issued dur- 

 ing the year and sold to the United States Rubber Co. $5,000,000 

 of 5 per cent debenture bonds of Morgan & Wright, maturin.s; 

 December 1, 1918. 



The report of the treasurer appended hereto gives the consoli- 

 dated general balance sheet and consolidated statement of the 

 Rubber Goods Manufacturing Co. and its subsidiary companies 

 for the fiscal year endnig December 31, 1915. 

 Respectfully submitted, 



Elisha S. Wilha.ms, President. 



the treasurers report. 



Sheet, December 31, 1915. 



Capital stock, preferred $10,351,400.00 



Capital stock, common 16.941,700.00 



Capital stock, subsidiary companies 3.,i00, 000.00 ?30.?93.1 OO.Oii 



Bonds of Mechanical Rubber Co., and New 



York Belting and Packing Co $791,000.00 



Debentures of Morgan & Wright 5.000,000.00 5,791.000.00 



Bills and accounts payable 10,667,700.24 



.Accounts payable to General Rubber Co 1.106,331.17 



Reserve for Federal income tax 31.605.65 



Reserve for accidents to employes Ill ,489. 14 



Fixed surplus (snl.sidiarv comraniesi 2.499.218.65 



S„r,,his . ■ 9,064,776.29 



Tot.al 1-ial.ilities $60,065,221.14 



Contingent liabilities for certain guarantees, which are offset by corre- 

 sponding contingent assets, are not included. 



CONSOLID.^TED SlMMARY OF INCOME AND PROFIT .\XD LosS FOR THE Ye.AR 



Ended December 31, 1915. 

 Earnings $2,037,744.68 



K.xiKnses of home office $108,664.59 



Interest on bonded and floating debt 700,644.18 



Federal income tax, 1915 31,605.65 840,914.42 



Net Profits $1,330,166.26 



• Dividends 1 ,268,432.00 



Surplus for the period $61,734.26 



Surplus, January 1, 1915 9,003,042.03 



Surplus, December 31. 1915 $9,064,776.29 



Kps|iectfully submitted, 



E. J. Hathorse, Treasurer. 



'Includes $205,000-00 ])aid minority interests in subsidiary companies. 



The officers remain the same as last year ; also the directors, 

 uitli the exception of Charles A. Hunter, resigned. 



PORTRAIT AND BUST OF GOODYEAR. 



.\ window display of interest to everyone connected with the 

 rubber business was arranged in the building of the United 

 States Rubber Co. at 1790 Broadway, New York City. The cen- 

 tral attraction was an oil painting of Charles Goodyear, which 

 was painted on a sheet of hard rubber, about 1850. by the cele- 

 brated artist, G. P. .\. Healy. This picture is considered the 

 finest portrait of Mr. Goodyear extant, .^t the left was the 

 bronze bust of Charles Goodyear, made by Tiffany & Co., which 

 usually stands in tlie directors' room of the United States Rubber 



Wi.\DO\s- Disi'lav of Goodyear Relics. 



Co., a replica of which adorns the railway station at Naugatuck. 

 Connecticut. Below was a very ornate piece of furniture, a desk or 

 table made entirely of hard rubber. This piece of furniture was 

 exhibited at the first Woild's Fair at the Crystal Palace in 

 London in 1851, and was afterward used as a desk by Charles 

 Goodyear. Besides this there were two canes, also made of hard 

 rubber, one of which was carried by Mr. Goodyear in 1855 and 

 the other was presented by him to Samuel Colt, grandfather of 

 Samuel P. Colt, president of the United States Rubber Co. Below 

 these, but not shown in our picture, were framed documents 

 proving the authenticity of the articles. 



