'.0 



THE INDIA RUBBER WORLD 



[November 1, 1916. 



on a vacation he became critically ill, and six weeks later suc- 

 cumbed. Mr. Sayles was a graduate of Yale University. He 

 entered the accounting department of the Republic Rubber Co. in 

 1910, and a year later was made purchasing agent. In business 

 and in social circles he was universally esteemed, and by his 

 kindness and genial spirit won many friends who deeply deplore 

 his death. 



A VETERAN IN RUBBER TIRE INDUSTRY. 



George D. Edwar<ls. manager of the Detroit (Michigan) 

 branch of the Kelly-Springlield Tire Co., .\kron, Ohio, died in 

 Detroit. October 4. Mr. Edwards had been in the tire business 

 over 20 years, dating back to his connection with the Rubber 

 Tire & Wheel Co.. the predecessor of the Kelly-Springlield com- 

 pany. 



EXPERT IN TIRE MANUFACTURE. 



Grover I. Myers, head of the pneumatic tire departmeiil of the 

 Firestone Tire & Rubber Co.,- Akron. O., died as the result of 

 an automobile accident last August. 



CANADIAN CONSOLIDATED EMPLOYES. 



The executives of the Canadian Consolidated Rubber Co., Lim- 

 ited, Montreal, Canada, have instituted an employes' thrift plan 

 to encourage money-saving among the emplo3-es of the company. 

 This plan gives any employe the privilege of placing with the com- 

 pany any portion of his or her wages or salary which can be read- 

 ily spared, for which the company will allow interest, to be added 

 monthly. When the amount reaches $100 or more it may, upon 

 request, be used for investing in government bonds or other 

 securities, the company giving every assistance in making this 

 investment. It is thought that this will be of real practical benefit 

 to the employes and that those who avail themselves of this privi- 

 lege will be better employes for the company and thus render the 

 benefit mutual. It will be interesting to see how many employes 

 will avail themselves of this practical opportunity. 



RUBBER SALESMAN IMPRISONED IN FRANCE. 



News has been received from Paris, France, that William C. 

 Silbermann, of New York City, was sentenced by the Correc- 

 tional Court to five years in prison and a fine of 500 francs, under 

 a charge of trading with the enemy. It is claimed that Mr. Sil- 

 bermann came to Paris with papers describing him as a repre- 

 sentative of the King Rubber Co., of Hyde Park, Boston, Massa- 

 chusetts, and on the strength of these papers he obtained several 

 important orders, but was finally denounced by a Serbian who 

 had known him in New York, and who said that he was acting 

 for Gottwik, Scheffer & Co.. dealers in druggists' sundries in 

 New York City. The senior member of the latter firm states that 

 Mr. Silbermann was never in its employ, and it was learned from 

 Maurice D. Kingsbury, manager of the King Rubber Co., that 

 Gottwik. Scheffer & Co. are the selling agents in New York City 

 ior the King Rubber Co., and that this firm recommended Silber- 

 mann as a good man to represent the rubber company abroad and 

 to handle sales of rubber gloves, etc.. made by the King com- 

 pany, to the English and French military forces. Mr. Kingsbury 

 is also reported to have said that, although Mr. Silbermann went 

 abroad some time last March he had made no report of sales nor 

 had he drawn any money on account of the King Rubber Co. 

 The case has been placed in the hands of the State Department 

 at Washington. 



ANNUAL REPORT OF THE INTERCONTINENTAL 

 RUBBER CO. 



A T THE annual meeting of the Intercontinental Rubber Co., 

 ^» Jersey City, New Jersey, held Octolier 2. Secretary Willard 

 P. Smith, in his annual report covering the year ending July 31, 

 1916, states that; 



Conditions in Mexico have not improved the past year, and 

 have been such that it has not been possible to operate the fac- 

 tory at all since the montli of .August, 1915. The prevailing 

 prices for rubber have been low, but a reasonable profit has been 

 realized from the sale of the stock remaining on hand at the time 

 of shutdown. 



Conditions on the Cedros Ranch likewise continued to be such 

 that it has not been possible to round up the stock, nor to make 

 an}' physical inventories. Gathering of guayule shr.ub, from 

 which tlie rubber is extracted, has also been entirely stopped. 



It has been possible to hold a meeting of the Directors of the 

 Compania Ganadera y Textil do Cedros. S. A., wlvicli owns the 

 ranch, and a small dividend from tjie prior earnings of that com- 

 pany was transferred to the income of the -Intercontinental Rub- 

 ber Company. The losses at the ranch from revolutionary dis- 

 turbances, however, have seriously r(;duced the pmfits derived 

 from former operations. -^ 



The balance sheet, which is reprinted below, shows net profits 

 and income from investments aniounting to nearly $540,000, as 

 compared with $240,000 for the preceding year, and the surplus 

 last July was nearly $523;000 larger than the same time the year 

 before. 



B.\L.\NXE SHEET— JULY 31. 1916. 

 Assets. 

 Investments in stock : 



Merged and subsidiaiy Comi»anies : 



By Cash S 2, 115, 321. 59 



By Stock issues 28,198,575.30 



Other Companies 387,970.00 $30,701,866.89 



Patents (exclusive of subsidiary Companies) ' 15,141.77 



.Accounts and Notes Receivable, etc. : 



Advances to subsidiary Companies.... $ 306,020.40 



Sundry accounts 48,807.55 354,827.95 



Investment Securities (market value) 1,231,355.00 



Cash 435,273.84 



$32,738,465.45 



LlABrl-lTIES. 



Capit.-il Stock: Common $29,031,000.00 



-Accounts Payable. Taxes accrued, etc. : 



Due to subsidiary Companies $ 14.140.04 



Sundry accounts < 8.469.70 22.609.74 



Reserve accounts 734,433.71 



Surplus ( as below) 2,950,422.00 



$32,738,465.45 



Sl'RPLUS .XCCOUN'T. 



Surplus .\ueust I. 1915 $2,427,077.39 



C^ross Profits on operations $ 42,995.95 



N'et Profits and Income from Invest- 

 ments, Interest, etc (after adjust- 

 ment of investment securities to cur- 

 rent market value 538,906.83 



$ 581,902.78 

 Less .Administration. Taxes, and General 



E.xpenses 45,914.32 535,988.46 



$ 2,963,065.85 

 Charges against Surplus-. 



Reserve against loans to subsidiary 



Companies 12,643.85 



Surplus, July 31, 1916 $2,950,422.00 



At the annual meeting of the board of directors, the following 



officers were elected: G. H. Carnahan, chairman and president; 



E. B. -Aldrich, vice-president ; W. P. Smith, secretary and 



treasurer. 



The State of Missouri probably produces more barytes than 

 any other in the Union. During 1915, barytes producers in this 

 state marketed 40,000 tons. This substance is extensively used 

 in rubber compounding. 



CONSOLIDATION RUMOR DENIED. 



U having been rumored that The B. F. Goodrich Co., .Akron, 

 Ohio, had completed plans to take over the Boston Belting Co., 

 President T. A. Forsyth of the latter company states that there 

 is absolutely no foundation for such report ; that the Boston 

 Belting Co. has not been sold to any interests, and that there 

 are m negot;c*icns with any pcrty having that end in view. 



