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THE INDIA RUBBER WORLD 



[Fkbruasy 1, 1917. 



The Annual Meeting of the Rubber Club of America, Inc. 



THE annual meeting of The Rubber Club of America, Inc.. 

 was held at 2:30 P. M., January 8, at the Waldorf- 

 Astoria, New York City. After the reading of the min- 

 utes of the previous meeting, the reports of the officers, covering 

 the club's many activities of the past year, were read and 

 adopted. 



SECRETARY'S REPORT. 



Since our last annual meeting the firm membership of The 

 Rubber Club of America, Inc., has increased to 231 firms in the 

 rubber and allied industries, which is an increase of 20 per cent, 

 and our associate membership has increased from 227 individuals 

 connected with the rubber industry to 242. 



During the eleven months covered by this report the executive 

 committee has held five meetings and the board of directors has 

 held one session. Numerous committee meetings have been held 

 at the association headquarters, where the directors' room is 

 always at the disposal of our membership and for meeting 

 purposes. 



The organization of several groups of manufacturers as 

 divisions of The Rubber Club of America, Inc., is very gratify- 

 ing, as is the affiliation of the Rubber Reclaimer.s' Club as a 



division. , , , , , . 



The annual mid-summer outing was held for the second year 

 at the Vesper Country Club at Lowell, Massachusetts, and the 

 attendance was over 300, and over 125 more than at the outing 

 the year previous. Special trains were run from Akron and 

 New York, and the outing was voted the most enjoyable of any 

 in the history of the association. 



The banquet of 1916 was held at the Waldorf-Astoria on the 

 evening following the annual meeting on February 2, 1916. The 

 attendance was nearly 300, which was a substantial increase over 

 the previous year. , , „ • 



Since our last annual meeting we have lost the following 

 members by death : 



Richard H. Linburg, president of the United and Globe Manu- 

 facturing Cos., died at Trenton, New Jersey, January 5, 1916. 



William Lyall, president of The Brighton Mills, Passaic, New 

 Jersey, died in New York City January 13, 1916. 



Charles Henry Arnold, of Arnold & Zeiss, died in New York 

 City February 30, 1916, 



John Hopewell, former president of The Reading Rubber Man- 

 facturing Co., died at Washington, D. C, March 28, 1916. 



George David Hazen, of The Hazen Brown Co., died at 

 Brockton, Massachusetts, April 13, 1916. 



Le Baron C. Colt, vice-president and general manager of The 

 National India Rubber Co., died at Bristol, Rhode Island, May 

 25, 1916. 



F. C. Breakspear, with A. G. Spalding & Bros. Manufacturing 

 Co., Chicopee, Massachusetts, died at New York City, June 2, 

 1916. 



James H. Seiberling, president and general manager of The 

 Indiana Rubber & Insulated Wire Co., died at Jonesboro, Indiana, 

 July 7, 1916. 



Robert J. Bowes, with the Lawrence Felting Co., died at Mill- 

 ville, Massachusetts, on September 11, 1916. 



Paul Schmidt, secretary of the Rubber & Guayule Agency, Inc., 

 died at Englewood, New Jersey, on September 13, 1916. 



Philip Braender, president of the Braender Tire & Rubber Co., 

 died at White Plains, New York, November 4, 1916. 



John Henry Flint, president of the Tyer Rubber Co., president 

 of the New England Rubber Club, 1905-1906, and director, 1902- 

 1905, 1905-1916, died at Andover, Massachusetts, on November 

 29. 1916. 



Consideration of the reports of four special committees was 

 then taken up. 



A UNIFORM CRUDE RUBBER CONTRACT. 

 First came that of the Committee on a Uniform Crude Rubber 

 Contract. H. Stuart Hotchkiss, chairman. As the result of long 

 deliberation, a set of rules for the regulation of the traffic in 

 crude rubber had been previously submitted to the membership 

 by mail for study, and was then discussed paragraph by para- 



graph and finally adopted as reprinted below, subject to later 

 amendments by the Executive Committee if found necessary 

 or desirable. By this action the Club did not take the position 

 of discouraging special contracts between manufacturers and 

 dealers, the idea being to provide a workable standard of rules 

 and definitions to govern in all cases where rubber is sold "un- 

 der the rules of The Rubber Club of America, Inc." It is the 

 belief of the Committee that the interests of the manufacturer, 

 the importer and dealer have been protected. The revised and 

 adopted draft follows : 



RULES. 

 All sales purporting to be made subject to the rules of The 

 Rubber Club of America, Inc., shall be considered as made sub- 

 ject to the following rules: 



1. Standard Qualities. Standard qualities consist of the- 

 following : 



(a) Hcvea First Crepe 



Hevea Ribbed Smoked Sheets 



Hevea Plain or Smooth Smoked Sheets and/or Biscuits 

 Hevea Unsmoked Sheets and/or Biscuits 

 to be understood as per standard samples on file with The Rubber 

 Club of America, Inc., at New York and at Akron, Ohio, said 

 samples to be renewed at least once every six months. 

 Para Standards — to be as understood in New York. 



(b) Other qualities — to be as described in sales contract. 



2. Other Qualities. Where a parcel of rubber is sold under 

 one of the standard descriptions or under a description superior 

 to the standard for a definite shipment, arrival, delivery, or on 

 the spot, and is found inferior in whole or in part, the buyer 

 shall have the option of rejection and the quantity so rejected, 

 whether the whole or any portion, shall not constitute a delivery 

 on the contract. Should the time for delivery have expired the 

 seller shall have ten days to replace the quantity rejected at the 

 original point of arrival or delivery in the United States of 

 America or at the port of New York, provided that such quantity 

 was in the opinion of the arbitrators a bona fide tender against 

 the contract. In case the seller does not replace, the buyer at his 

 option may cancel the contract, or buy and charge the difference,. 

 if any, to the seller. 



3. Where a parcel of rubber is sold with a description of quality 

 inferior to that specified in Rule 1, Section A, and upon delivery 

 is found inferior in whole or in part, then the buyer must accept 

 the same with allowance, provided such allowance in the opinion 

 of the arbitrators, be not more than two cents per pound on the 

 inferior portion : but should the parcel, in whole or in part, be 

 rejected, the seller shall substitute proper quality to fulfil his 

 contract at the original point of delivery in the United States of 

 America or Canada or at the Port of New York within ten days 

 from the time of rejection or within the time for delivery as 

 the case may be. In case the seller does not replace, the buyer at 

 his option may cancel the contract, or buy and charge the dif- 

 ference, if any, to the seller. 



4. The word "Ton" shall mean a ton of 2,240 pounds. 



5. Delivery Weights. Final delivery on any contract to be 

 within 100 pounds of the weight contracted ioi. but in any case 

 the nearest weight of the contract quantity that the average 

 weight of the packages of the final tender admits. But where it 

 is found impossible to deliver within 100 pounds, taking the 

 average weight of the packages tendered, any deficiency or excess, 

 shall be invoiced or invoiced back, as the case may be, at the 

 market price on the date of delivery. Should buyer and seller 

 fail to agree on the market valuation at such time, same is to be 

 fixed, without fee, by the Arbitration Committee. 



6. The words "about," or "more or less," when used to define 

 quantities contracted for, shall mean the nearest amount which 

 seller can fairly and reasonably deliver, but no excess or de- 

 ficiency shall be greater than 2% per cent. This rule shall apply 

 only on specific lots. 



7. Declaration of Vessels. After declaration, should the 

 vessel, or vessels, carrying any portion of a contract calling for 

 shipment or arrival be lost, such contract is to be cancelled t«» 

 the extent of the goods lost. 



Should the shipment not be declared by the seller prior to the 

 loss of the vessel carrying the shipment, such loss shall not 

 vitiate the contract or any part thereof. 



