412 



THE INDIA RUBBER WORLD 



[April 1. 1917. 



CONCLUSION. 

 It is now just a quarter of a century since the United Slates 

 Rulilier Co. commenced business. In that time it has steadily 

 Krown. In the last 15 years its business has increased hve fold- 

 thanks to the devotion of its working force. 



It. therefore, gives mc special pleasure to again refer to the 

 continued lidelitv and ability shown by the ofiiccrs, heads of de- 

 partments, those in charge of our Far Kastern plantations and 

 the other employes of the company and its subsidiaries. 

 THE TREASUKER'S REPORT. 

 VNITED STATES Rl-I!r:F.R COMP.VNY AND 

 SUHSiniARY COMPANIES. 

 Consolidated General I'.alance Sheet, Dcecmhcr 31, 1916. 

 ASSETS. 

 Proiicrlv. plant and investments, including rubber planlations. $130,187,628.57 

 Inventories, inanuf.actured good» and material. .$4S,530,397.M 



^-3sJ, 10. 123, /05. 23 



Notes aiid ioans reccivaule ^l'l^l-2?2-ll 



.Vccounls receivable •■■•■■ 26,0o2,/07.43 



Securities, ineludinug stock of United States 



Rubber Co. held by subsdiary companies 3,4M.65yj/ 



SinkinR fund cash in hands of trustees 509,h51.y3 



Miscellaneous 1.716,619.65 



Total Assets 



LIABILITIES. 



Capital stock, first preferred . ^''^'^^J'rnn'™ 



Capital stock, second preferred i?,AonZ 



Capital stock, common 36.000 ,000.00 



Capital stock. Rubber Goods Manufacturing Co. 



Preferred issued .... .$10,351,-400.00 



Owned by United States Rubber Co., de- 

 posited with trustees 



9,402,800.00 



Common issued 4 ..$16,941 



Owned bv United States Rubber Co., de 



posited ■ with trustees '°'''^° 



,700.00 

 ,100.00 



Minoritv Canadian Consolidated Rubber Co.. Limited, 



prcfei'red $,;«3,625; common $101,455 ........... •■■ 



Tcn-vear 6 per cent collateral trust sinking fund gold 



United States Rubber Co • • ^WAAA 



General Rubber Co. 5 Per cent debentures..... $9,000 

 Ten-year 5 per cent debentures. Eureka Fire 



Hose Manuficturins Co ,' i.' ' "T ' 



Fortv-vear 6 l^er cent collateral trust gold bonds, 



Canadian Consolidated Rubber Co., Limited. 

 Canadian Consolidated Rubber Co., Limited. 



5 per cent debentures 



Morgan & Wrisht 5 per cent debentures 5,000 



Mechanical Rubber Co., and New York Belting 



970 

 2,600 



stock, 



bonds, 



,000.66 



,000.00 



,000.00 



,000.00 

 ,000.00 



92,178,940.88 

 .$222,366,569.45 



$97,177,200.00 



948,600.00 



43,300.00 



385,080.00 



16,000,000.00 



anti Packing Co., bonds 



737,000.00 



Notes and loans payable ,■ ■ • • V \_ i'l'ooi' nn'i' i- 



Acceptances for importations of crude rubber.. $l.°9l,uyj.43 



Merchandise accounts payable 'oni =o2'5o 



.Accrued interest, taxes, etc .■ 80 1,52t).«0 



Reserved for dividends ■■- ••■••• 



Insurance reserve fund *,5S'^< i on 



Employe's accident fund • • 368,04 i.uy 



Reserve for depreciation 



Fixed surpluses (subsidiary companies) . 

 Surplus 



Total Liabili! 



Re«neetfullv submitted. 



W. G. Pabsons 



2n.RO7.0O0.O0 

 26.703,866.40 



9,218,788.49 

 1,223,040.00 



1,300,329.14 



5,000,000.00 



15,080,230.78 



28,479,134.64 



222,366,569.45 



. Treasurer. 



ANNUAL ELECTION. 



BOARD OF DIRECTORS FOR 1917. 



The annual meeting of the stockholders of the company was 

 held at \ew Brunswick, New Jersey, March 20, and the fol- 

 lowing directors were elected : 



Tames S. Alexander, New York City. 



Walter S. Ballon, Providence, Rhode Island. 



Tames C. Brady, New York City. 



Nicholas F. Brady. New Y'ork City. 



Middleton S. Burrill, New Y'ork City. 



Samuel P. Colt, Providence, Rhode Island. 



Harry E. Converse, Boston, Massachusetts. 



Edgar B. Davis, Brockton, Massachusetts. 



James Deshler. New Brunswick, New Jersey. 



Tames B. Ford, New Y'ork City. 



Francis L. Hine, New York City. 



Henry L. Hotchkiss, New Haven, Connecticut. 



William S. Kies, New York City. 



Tx-ster Leland, Boston, Mass. 



Samuel M. Nicholson. Providence, Rhode Island. 



Raymond B. Price, New York City. 



Homer E. Sawyer, New York City 



Charles B. Seger, New Y'ork City. 



William H. Truesdale, Greenwich, Connecticut. 



Tlieodore N. Vail, Boston, Massachusetts. 

 Klislia S. Williams. New York City. 



This list consists of the old board with three additions, 

 namely, James S. .'\lexander, president of tlie National Bank 

 of Commerce, New York City; William S. Kies, vice-president 

 of the American International Corporation, New Y'ork City; 

 and Charles B. Seger, vice-president and comptroller of the 

 Union Pacific system, New York City. These gentlemen are 

 practically those interested in the Kuhn-Locb banking group 

 whidi has purchased the recent new $60.(XK).000 bond issue. 

 These three men bring a new element into the board of directors 

 and will emphasize the undoubtedly valuable banking connec- 

 tion wliich the corporation has recently effected. 



ELECTION OF OFFICERS. 



The hoard of directors of the United States Rubber Co., elected 

 at the annual meeting of stockholders, rnet at the office of the 

 company. 1790 Broadway, New York City, March 22, and 

 organized by the election of the following officers for the 

 ensuing" year : 



Samuel P. Colt, president ; James B. Ford and Lester Leland, 

 vice-presidents; Raymond B. Price, vice-president in charge 

 of development department ; Homer E. Sawyer, vice-president 

 in charge of footwear department ; Elisha S. Williams, vice- 

 president in charge of mechanical departments ; Samuel Norris, 

 secretary ; John D. Carberry, assistant secretary ; W. G. Par- 

 sons, treasurer ; E. J. Hathorne. assistant treasurer. 



PRESIDENT COLT ENTERTAINS. 



On Wednesday evening. March 21. Colonel Samuel P. Colt, 

 president of the United States Rubber Co.. tendered a dinner 

 at the Metropolitan Club, New York City, to the directors 

 and operating staff , of the company and several New York 

 liankers and personal friends, the main object being to intro- 

 duce to the heads of departments and operating staff the three 

 newly elected directors, Messrs. ."Xlexander, Kies and Seger. 



The dining room was handsomely decorated, and a novelty 

 was that all these decorations were of rubber in its various 

 forms and colors, and the boutonnieres. which were artificial 

 flowers in natural colors, were also made of rubber. There 

 were about 60 guests. Speephes were made by Otto H. Kahn, 

 Homer E. Sawyer, William S. Kies, Senator Le Baron B. Colt, 

 Edgar B. Davis, Francis Lynde Stetson, Mortimer L. Schiff, 

 Victor E. Mitchell, K. C. and Dr. Ernest M. Stires. The 

 menus were decorated with photographs of the company's plan- 

 tations in Sumatra, each menu having a different picture. Dur- 

 ing the banquet Nahan Franko's orchestra furnished a very 

 artistic musical program. 



DIRECTORS OF LUMBER COMPANIES TO INSPECT PROPERTIES. 



.•\ party consisting of directors and guests of the Atlantic 

 Coast Lumber Corporation and United Timber Corporation, in- 

 cluding Colonel Samuel P. Colt, United States Senator Le Baron 

 B. Colt, of Rhode Island ; James B. Ford, John D. Carberry, W. G. 

 Parsons, J. N. Gunn, J. Cunliffe Bullock, Walter S. Ballou, Na- 

 thaniel Myers, Charles A. Emerson, Henry L. Hotchkiss and H. E. 

 Robinson, left New York City March 23 for Georgetown, South 

 Carolina, on a five-day tour of inspection of the various properties 

 in South Carolina in which they are interested. 



RUTHERFORD RUBBER CO. CHANGES. 



Recent changes in tlie Rutherford Rulilier Co., Rutherford, 

 New Jersey, forces include the appointment of J. J. White, 

 former manager of the New Haven, Connecticut, branch, as 

 manager of the branch at Cleveland, Ohio ; Charles Schoneman, 

 former manager, first of the Hackensack, New Jersey, and then 

 of the Baltimore, Maryland, branch, as division manager ; C. A. 

 Reynolds, in charge of all New England branches, and James 

 O'Hea, manager of the new Pittsburgh, Pennsylvania, branch. 



