444 



THE INDIA RUBBER WORLD 



[M.' 



"England has been generous to us in the past, and England 

 deserves well of us to-day," says Mr. Penny. "Civilization has 

 been saved from Germany, but it must now be saved from 

 poverty and economic shipwreck. The whole world looks to 

 America and America will not be found wanting." 



A RUBBER ENGINEERING SPECIALIST. 



GEORGE W. BuRRELL, works manager, who is now also second 

 vice-president of the Wellman-Seaver-Morgan Co., Akron, 

 Ohio, has steadily risen through his 21 years' service with the above 

 named rubber engineering company. 



Born in 1871, his early education was 

 secured at the public schools of Cleve- 

 land, Ohio. Leaving school at the age 

 of 14, he spent the next five years work- 

 ing in machine shops, mastering the 

 mechanical principles of the trade, 

 meanwhile studying at night to prepare 

 for college. In 1891 he entered Ohio 

 State University, taking a three years' 

 course in mechanical engineering. 



Thus having fitted himself both in 

 theory and practice, he entered the em- 

 ploy of the above-named company in 

 1898 as draughtsman. After three years 

 he was appointed inspector, and in the next two years was pro- 

 moted successively to chief inspector, assistant purchasing agent, 

 assistant secretary, and assistant works manager. For 14 years 

 he has held the last-mentioned position, his duties increasing 

 with the steady growth of the business, and in May, 1917, he 

 was made manager of works, and now has entire charge of the 

 company's works at Akron and Cleveland, Ohio. 



G. W. BuRRELL. 



FINANCIAL STATEMENT OF PLYMOUTH RUBBER CO. 

 The condensed balance sheet of the Plymouth Rubber Co., 

 Canton, Massachusetts, shows the following figures for the year 

 ended December 31, 1918: 



ASSETS. 

 Capital assets (at book value) : 



Real estatee. buildings, machinery, equip- 

 ment, etc $899,136.80 



Less reser\-e for depreciation 100,000.00 



$799,136.80 



Patents and trade marks 100,000.00 



Total capital assets $899,136.80 



Current assets: 



Cash in banks aftd on hand 105,230.47 



Accounts and notes receivable, after deducting estimated 



reserves for doubtful items, discounts, etc 319,298.64 



Inventory of merchandise, goods in process, etc 673,344.13 



Liberty bonds and war saving stamps. . . . $98,468.55 



Deduct unpaid instalments not due and 



payments by employes 62,570,35 35,898,20 



Total current assets $1,133,791.44 



Investmeent in treasuiy stock — 1,752 shares of the company's 



common stock at book value _. 171,800.00 



Sinkinc fund — cash available for retirement of preferred 



stock 2.975.31 



Deferred expenses for taxes, insurance, interest, experi- 

 mental work, and advertising 40,719.97 



Total assets $2,248,423.52 



LIABILITIES. 



Authorized. Issued. 



Caoital stock: 



7% cumulative preferred sLock, oar value 



$100.00 $500,000.00 $490,100.00 



Common stock, par value $100.00 1,000,000.00 1,000.000.00 



Total capital stock $1,490,100.00 



Current liabilities: 



Accounts payable 243,511.41 



Notes payable 350,000.00 



Accrued taxes, etc 9,836.64 



Total current liabilities $603,348.05 



Sinking fund reserve for preferred stock 6.775.3 1 



Surplus, after providing for dividend on preferred slock... 148,200.16 



Total liabilities, capital, and surplus $2,248,423.52 



The accounts of the company were audited by Patterson. Tcele 

 & Dennis, Boston, Massachusetts, who certified to the correct- 

 ness of the above figures. All doubtful items were verified as 

 far as possible through careful estimates, correspondence with 

 banks, consultation with the officials of the company, etc. 



W" 



WALLACE S. CLARK. 



\LLAiE S. Clark was born in Watertown, Xew York, 

 October 13, 1864. After preparing for college at Hop- 

 kins Grammar School, he entered the 

 Sheffield Scientific School of Yale Uni- 

 versity, graduating in 1885. He then 

 went to work for the Edison interests, 

 and has been with them and their suc- 

 cessor, the General Electric Co., ever 

 since. He took charge of the wire and 

 cable department of the General Electric 

 Co., Schenectady, New York, in 1892, and 

 at that time became interested in the 

 manufacture of rubber-insulated con- 

 ductors of electricity. Mr. Clark has re- 

 cently served as the chairman of the in- 

 sulated wire and cable division of the 

 War Service Committee of the Rubber Industry of the U. S. A. 



Sta 



STATEMENT OF THE INDIA RUBBER WORLD. 



ent of the owneiship, management, etc.. required by the .Ac 



of 



erse of this forn 





World, published 



itbly i ■ " " ' " " ' ' ' 



State oe New York, 1 ^^ , 

 County of New York. J-^-- 



Before me. a notary public in and for the State and county aforesaid, 

 personally appeared E. M. Hoag, who, having been duly sworn according 

 to law, deposes and says that she is the business manager of The India 

 Rubber World, and that the following is, to the best of her knowledge 

 and belief, a true statement of the ownership, management, etc.. of the 

 aforesaid publication for the date shown in the above caption, required 

 by the Act of August 24, 1912. embodied ' ■' ■•-"■- 



Regulations, printed on the re\ 



1. That the names and addresses of the publisher, editor, managing 

 editor, and business managers are: 



Publisher, The India Rubber Publishing Co., 25 West Forty-fifth street. 

 New York City. 



Editor, Henry C. Pearson, 83 Agawam Road, Waban, Massachusetts. 



Managing Editor. Henry C. Pearson, 83 Agawam Road, Waban, Massa* 

 chusetts. 



Business Manaeer. E. M. Hoag. 25 West Forty-fifth street. New York 

 City. 



2. That the owners are: (Give names and addresses of indi\'idual owners, 

 or, if a corporation, give its name and the names and addresses of stock- 

 holders owning or holding 1 per cent or more of the total amount of stock.) 



Henry C. Pearson, 83 Agawam Road, Waban, Massachusetts. 



gagees. and other security holders 

 t or more of total amount of bonds, mort- 

 gages, or otner securities are: (If there are none, so state.) None. 



4. That the two paragraphs next above, giving the names of the owners, 

 stockholders, and security holders, if any, contain not only the list of 

 stockholders and security holders as they appear upon the books of the 

 company but also, in cases where the stockholder or security holder appears 

 upon the books of the company as trustee or in any other fiduciary rela- 

 tion, the name of the person or corporation for whom such trustee is act- 

 ing, is given; also that the said two paragraphs contain statements embrac- 

 ing affiant's full knowledge and belief as to the circumstances and conditions 

 under which stockholders and security holders who do not appear upon the 

 books of the company as trustees, hold stock and securities in a capacity 

 other than that of a bona fide owner; and this aflSant has no reason to 

 believe that any other person, association, or corporation has any interest 

 direct or indirect in the said stock, bonds, or other securities than as so 

 stated by her. 



E. M. HoAG, Business Manager. 

 Sworn to and subscribed before me this 31st day of March, 1919. 

 [seal] Fredk. Sprenger. 



Notarv Public Westchester County, 

 Certificate filed in New York County, 

 Mv commission expires March 30, 1920. 

 New York Count; Clerk No. 186. Register's No. 10188. 



holdin 



F, R, HENDERSON & CO. OPEK LONDON HOUSE. 



F. R. Henderson & Co., crude rubber importers. New York 

 City and .\kron, Ohio, have recently established a London house 

 under the firm name of Henderson, Forbes & Co., Limited, with 

 offices at 11 Hart street, Mark Lane. The associates are David 

 S. Forbes, formerly with Harrison & Crossfields : John R. Mc- 

 intosh, who was also with the same finn in the Far East; and 

 Hanford M. Henderson from the New York office. 



