710 



THE INDIA RUBBER WORLD 



[SeI'IKML 



ing far below their respective intrinsic value based upon actual 

 addition to asset value over the last four years. 



Rubber and lire companies prospered during the war, and 

 their expansion still continues. The B. F. Goodrich Co. in- 

 ereased its working capital from $19,037,977 in 1914 to $43,024,619 

 in 1918, a gain of 125 per cent, and the surplus after dividends 

 was equivalent to $55.52 a share. The Goodyear Tire & Rubber 

 Co. increased its capital from $10,724,323 to $55,655,663, a gain 

 of 418 per cent, and the surplus after dividends was equal to 

 $146.44 a share. The Kelly-Springfield Tire Co. increased its 

 capital from $2,435,491 to $8,382,681, a gain of 224 per cent and 

 added $33.45 to the value of its common stock. The United 

 States Rubber Co. increased its capital from $41,423,828 to 

 $101,552,038, a gain of 145 per cent and added $82.70 to the value 

 of the common stock. A large part of the increase in assets of 

 the foregoing companies was due to new financing. 



Among allied trade firms there was also much expansion. The 

 Corn Products Refining Co. increased its capital from $8,996,186 

 to $23,896,300, a gain of 166 per cent, and the surplus after divi- 

 dends was $32.60 per share of common stock. The E. I. du 

 Pont de Nemours & Co. increased its capital from $35,132,736 

 to $186,001,738, a gain of 429 per cent, and added $154.16 to the 

 value of its common stock. The General Electric Co. increased 

 its capital from $104,624,462 to $189,302,514, a gain of 81 per 

 cent, and added $28.62 to the value of its stock. The Westing- 

 house Electric & Manufacturing Co. increased its capital from 

 $32,605,769 to $91,322,867, a gain of 180 per cent, but the value 

 of its common stock sustained a deficit occasioned by payment 

 of $15,688,992 ca.sh and stock common dividends. 



PERSONAL MENTION. 



J. K. Carr, who became vice-president and general manager 

 of the B. C. Tillinghast Rubber Co., Inc., 236 Market street, 

 Philadelphia, Pennsylvania, at the death of the late B. C. Til- 

 linghast, and who has ever since endeavored to combine with his 

 duties as salesman on the road those of managing the business, 

 has now retired, after 29 years on the road, and will devote 

 all his time to the management of the company, with which he 

 has been connected for 39 years. 



Charles Hess, Jr., salesman for the B. C. Tillinghast Rubber 

 Co., Inc., Philadelphia. Pennsylvania, will replace J. K. Carr 

 on the road. 



John W. Higgins, for two years general foreman of the ma- 

 chanical rubber goods department of The Federal Rubber Co. 

 of Illinois, Cudahy, Wisconsin, has resigned to accept a position 

 with the druggists' sundries department of The B. F. Goodrich 

 Co., Akron, Ohio. 



W. W. King and H. E. King of Typke & King. Limited, 

 Mitcham, England, dealer in rubber-makers' chemicals, were in 

 New York Cit>' recently. 



H. S. Doty, formerly chief chemist of the Manhattan Rubber 

 Co., and during the war a member of the Gas Defense Service, 

 is now with Frazar & Co., New York City, as head of the chem- 

 ical research department. 



Orlando F. Weber has been elected president of the National 

 Aniline & Chemical Co., succeeding William J. Matheson, who 

 has been serving as chairman of the board of directors and presi- 

 dent of the company since 1917 as a patriotic duty during the 

 war, and has now accordingly resigned. 



George B. Allan, Texas representative of the Yarnall-Waring 

 Co., Philadelphia, Pennsylvania, who has been located at Hous- 

 ton, Texas, will hereafter make his headquarters in Dallas for 

 the sale of "Yarway" fuel-saving specialties. 



Harry D. Benner has been appointed manager of the accessory 

 sales deoartment of The Federal Rubber Co. of Illinois. Cudahy, 

 Wisconsin. 



Frank C, Risselt, formerly with the Cameron Machine Co., 



Brooklyn, New York, has become idcntilicd with the Spadone 

 Machine Co., 126 Duane street. New York City, manufacturer 

 of vertical bias cutters. 



Ch.\rles T. D.\voi,. 



CHARLES J. DAVOL. 



CHARLES Joseph Davol, the president and treasurer of the 

 Da vol Rubber Co., Providence, Rhode Island, is the son of 

 the late Joseph Davol, who, in 1870, founded the great business 

 now conducted by that corpora- 

 tion. 



The subject of this sketch was 

 born in Brooklyn, New York, 

 April 14, 1868. He was edu- 

 cated in the public schools of 

 Providence, and in preparation 

 for a college course at Brown 

 University, attended Mowry & 

 Gofif's Ensign and Classical 

 School, graduating in the class of 

 1885. Meanwhile he abandoned 

 the idea of a professional life, 

 and, after several months of 

 travel, entered his father's fac- 

 tory, where he worked his way 

 through the various depart- 

 ments, thereby acquiring a 

 thorough knowledge of the de- 

 tails of both the manufacturing and executive branches df the 

 business, and was elected general manager. 



He was close confidant and assistant of his father during 

 the last ten years of the latter's life. At his father's death in 1909, 

 he was elected president and treasurer, which offices he continues 

 to hold. During the years he has had the management, the 

 business has steadily grown, the plant has been greatly enlarged, 

 its equipment thoroughly modernized and its scope of products 

 widened until it is claimed that the concern is the largest manu- 

 facturer in the world of fine rubber surgical, dental, station- 

 ers' and druggists' sundries, and special articles used in many 

 arts, crafts, and professions. 



Mr. Davol is a man of varied activities. He is an ardent 

 sportsman and dog fancier, and his estate, "Wildacres," at 

 North Kingston, Rhode Island, is a fine shooting preserve. 

 There also are the famous Wildacres Farm Kennels, noted for 

 their pure strain of pointers, setters, and beagles. Mr. Davol 

 is a member -of the Pointer Club of America and the English 

 Setter Club of America, the .Agawam Hunt Club and the Na- 

 tional Audubon Association of America. 



He is an enthusiastic yachtsman, and near his estate, in the 

 land-locked harbor at East Greenwich, Rhode Island, he main- 

 tains moorings for his palatial yacht "Paragon," of the powel 

 cruiser type. He is a member of no less than seven yacht clubs, 

 namely, New York, Eastern, Boston, Larchmont, Rhode Island, 

 Bristol, and East Greenwich. 



He is fond of travel, and having made two voyages around 

 the world, he is a member of the Circumnavigators' Club of 

 New York, besides the Rocky Mountain Club and the National 

 Geographic Society. As a descendant of early American set- 

 tlers he is prominent in the Society of Mayflower Descendents, 

 Society of Colonial Wars, Sons of the American Revolution 

 and the Rhode Island Historical Society. His affiliations with 

 business and local organizations include the Providence Athe- 

 naeum, the Commercial Club, the Economic Club, and the 

 Rhode Island Hospital Corporation. Besides all these he is a 

 life member of the Navy League of the United States and the 

 American Defense Society and a member of the National Com- 

 mittee. He is a director of The Rubber Association of America, 

 Inc., and chairman of the Rubber Sundries Division of that asso- 

 ciation. 



