712 



THE INDIA RUBBER WORLD 



[Septemder 1, 1919. 



UNITED STATES RUBBER CO. TO INCREASE 

 CAPITAL STOCK. 



AT A MEETING held August 7, 1919, the directors of the United 

 Slates Rubber Company voted approval of several important 

 recommendations of the chairman, Colonel Samuel P. Colt. A 

 meeting of stockholders for ratification will be held at New 

 Brunswick, New Jersey, September 9, 1919. Chief among the 

 recommendations was an increase in the capital stock to $100,- 

 000,000 first preferred, $200,000,000 common, a total of $300,- 

 000,000, and the retirement of the second preferred, the greater 

 part of which has already been acquired by the company. 



The present authorized capitalization is $70,000,000 first pre- 

 ferred, $10,000,000 second preferred, and $40,000,000 common, a 

 total of $120,000,000. Of this there is now issued and outstand- 

 ing $63,022,100 first preferred, $403,600 second preferred and $36,- 

 000,000 common, a total of $99,425,700. 



During the past five years the capital stock has remained sub- 

 stantially the same, while the volume of business transacted by 

 the company has been increased in round numbers as follows: 

 $83,000,000 in 1914; $92,000,000 in 1915; $126,000,000 in 1916; 

 $176,000,000 in 1917; $215,000,000 in 1918. 



The indebtedness of the company was funded in 1917 nito 

 long-term 5 per cent bonds. Surplus earnings for the years 1917 

 and 1918 were equivalent each year to about 30 per cent on the 

 common stock, and the earnings for the first half of 1919 have 

 been substantially the same as for the first half of 1918. 



For the past two years the company has been unable to meet 

 the demand for its tires, and notwithstanding the fact that its 

 capacity has already been substantially increased, further con- 

 struction has been authorized which will require in the neighbor- 

 hood of $15,000,000 for its completion, and which will double the 

 present capacity. 



As the amount of the present outstanding common stock com- 

 pared with the property of the company is relatively small, it is 

 proposed that $36,000,000 of additional common stock be issued 

 and offered to present common stockholders at par, in order to 

 provide ample capital to meet the enlarged business of the com- 

 pany without the application of so large a proportion of earn- 

 ings for that purpose as has been the case the past few years. 



It is also recommended that dividends at the rate of 8 per 

 cent per annum be paid upon the common stock beginning in 

 October ne.xt, and further, that an e.xtra distribution, either in 

 stock or in cash, such as may be warranted under all conditions, 

 be made early in 1920 to common stockholders. 



The money to be obtained from the increased issue of stock 

 will be used : 



(n To pay off all current indebtedness that can be paid 

 ,f= n^vahlc and arrentances will always exist). 

 _ _;igned 

 cip.vlly Tor the 



able and acceptance 

 of the produ 



(3) For extension of rubber plantations in the East, and 

 to facilitate the carrying of stock under profit sharing for 

 benefit of employes. 



NEW" INCORPORATIONS. 



12, Riddle Block No 

 tubes «.nd pneumatics. 

 Dka Tire Co., July 28 (New Jersey) 



To 



Agent 



$125,000. D. L. Powers, prcsi- 

 ■ street; r. <j. Ilasselman, vice-president and treasurer, 

 •: H. P. Messlor, secretary, 332 Mercer street— all of 

 ',. Principal office, 26 West State street. Trenton. New 

 hargc. M. G. Buchanan. To sell pneumatic tires and 



F trite (farter Co., July 25 (Massachusett.s), $25,000. B. Hochberg, 23 

 inston Road. Dorchester; A. I. Karpas, 451 Walnut avenue, Roxbury; 

 Raymond, 255 Chestnut street, Chelsea— all of Massachusetts. Principal 

 r,.e, Boston, Massachusetts. To manufacture "Fitrite" garters. 

 Forslcr Tire & Rubber Co., The, May 18 (Ohio). $1,000,000. H. Fo 

 nsKlenl and treausrer: W. E. Davis, vice-president 

 _ of sales; M. .Schuller, E. 

 ncipal office. Millersburg, 



Auau 



Miller, directors. 



and general 

 F. Crites and W. A 

 hio. To manufactur 



llaid Rubber Mills, 

 159 West 105th stree 

 York City; O. Maure 



Highl; 

 lohin, : 

 .>00 Ec; 



East Orange, N 

 York City. Pri 

 agent in chaige 

 auicmohile tires, 



Kellev Tiie 

 4243 Kuitli I:. 

 2330 l^ast ( 1 



., InlN I. >. I vl, $.100,000. A. C. Doig, 

 L. .Mill, h, \\ i t l('3d street, both of New 



16 .^Mh MiLci, iii.Mjklyn, New York. Principal 

 enue, Trciituu, Xcvv Jersey. To purchase, sell, 

 rubber. 



... Inc.. August 15 (New York), $15,000. J. L. 

 r. W. P.ecker, 296 Sumner Place; F. L. Kuhn, 

 jlTalo, New York. Principal office, Buffalo. New 



p., June 28 (N'rw Jersey), $125,000. W. E. Gilmore, 

 i-I. M. iM-iend, M5 South .'\rlington avenue, both of 

 jrsey; J. E. Salomon. 190U Lexington avenue. New 

 office. 16-22 Lawrence strr;et, Newark, New Jersey; 

 M. Friend. To buy, ?ell, manufacture, and deal in 



:ust 8 (Delaware 

 . Brown, 17 Sout 

 all cf Philadelphi; 

 ling, Philadelphia. 



$1,000,000. J. Kelley. 

 Eighth street; A. Potter, 

 Pennsylvania. Principal 

 Pennsylvania. To carry 



H. S. Wilhei 



c.id Co.. The, Tun 

 , H. Goldstein, K. 

 Tennessee. To d 



18 (Tennessee). $20.0l 

 .. McKenzie, L. Golds 

 al in and retread tires 



Po.il 



. To 



igust 8 (Delaware) authorized 

 ^ihie. T. L. Croteau; S. E. 

 ^are. Delaware agent, Corpo- 

 ding. Wilmington, Delaware. 

 goods of al! kinds. 



Tire & RublH- 

 111, 30 La.st 42 

 ij— all of Nc 

 York City. 



es .and rubbe 



Inc., August 1 

 eet; E. M. Dodi 

 rk City 

 reet, N 



Majestic Tire & Rubber Co., 

 Syfcis, president; E. B. Oscars 

 trc^suicr; J. B. Hilliard. sup. 

 cipal office, Indianapolis. India 

 .Master Tire & Rubber Co. 

 Ruston, president 2iid general ; 

 factory manager: F. C. Vail, 

 treasurer and credit manager; 

 506 Schwind Building, Dayton, 



Rubber Corp.. The, July 30 (Delaware, $1,000,000. M. L. 

 vin, W. G. Singer— all of Wilmington, Delaware. Delaware 

 Registration Trust Co., 900 Market street. Wilmington, 

 anuiacture, buy, sell and deal in all kinds of rubber tires. 

 Co., July 25 .(Delaware), $LOO0,000. F. Giles, 



3 (New York), $2,600,000. 

 !e and F. H. Berg, both of 

 ipal office, 254 West 57th 



le, April 14 (Indiana), $250,000. R. H. 

 ce-president: O. C. Pantall, secretary and 

 tendent and production manager. Prin- 

 To manufacture cord tires and tubes. 

 he, August 2 (Ohio), $300,000. W. B. 

 ager; G. H. Witsaman, vice-president and 

 retary and sales manager; H. G. Egbe 

 baugh, attorney. Prin ' * "" 

 manufacture cord tire 



N. Br 





Newark 

 Rogers, L 

 agent, De 

 Dclawdie. 



Oldham 

 M. M. L . 

 agent. Colonial Chai 

 manufactu; 



N. Je 



of Wiln 

 927 Maiket stree 

 !e. and deal in all 



'"^^ 



Dela 



Dela 



Armoicord Tire Co. of New England. July 9 (Maine), $200,000. D. O. 

 Campbell, pesident and treasurer; G. W. Camobell, vice-president; , F. 

 Arnold, secretary; R. E. Hall, clerk. Principal office, SangerviUe, Maine. 

 To manufacture and deal in rubber tires, tubes, etc. 



Atlas Tire Co., August 13 (Delaware). $100,000. H. E. Harper. W. C. 

 Hildebrand. both of Zelienople; C. C. Meeder, Pittsburgh— all of Pennsyl- 

 Tania. Delaware agent. Capital Trust Co. of Delaware, E 

 To manufacture, buy and sell automobile tires and 



Bailey Rubber Heel Co., May 22 (Massachusetts), $75,000. M. Shuman, 

 1435 Commonwealth avenue, Boston; D. Barkin, 501 Shirley street, 

 Winthrop; R. A. Jordan. 55 Saltonstall Road. Haverhill— all in Massa- 

 ckuselts. Principal office, 52 Chauncey street, Boston, Massachusetts. To 

 manufacture, buy, and sell rubber heels and soles and rubber goods of 

 aU kinds. 



Eergougnan Rubber Corp., August 1 (Delaware), $1,500,000. R. C. 

 Bergougnan, chairman of the board of directors; H. H. Coleman, president; 

 J. Greuier, vice-president and secretary; W. Clapp, treasurer; M. Leon, 

 general counsel. Principal office. Trenton. New Jersey. To man 

 and sell tires and other rubber products. 



Cascade Tire S- Rubber Co., The. June 7 (Ohio). $1,000,000. 

 Mart, president and general manager; F. M. Sharp, secretary and tr 



Delaware. 



J. W 



Co.. 927 Maiket street. Wilmington. Delaware. To 

 ds of tires. 



Owen Tire & Rubber Co.. February 10 (South Carolina), $25,000. W. C. 

 Owen, president; J. C. Self, vice-president; W. O. Self, secretary and treas- 

 uici. t-nncipal office, 714 Flatiron Building, Atlanta, Georgia. To carry 

 ou the business of jobbing tires and accessories. 



Pike Manufacturing Co., Inc., The, August 6 (Delaware), $100,000. 

 C. B. Bishop, A. M. Fox, A. S. Bishop — all of Wilmington. Delaware. 

 Delaware agent. Delaware Charter Co., 900 Market street, Wilmington, Dela- 

 ware. To manufacture and deal in hose supporters. 



Pioneer Rubber Co., Inc., August 13 (New York), $50,000. R. J. Cronan, 

 50 Prospect Place; F. X. Brosnan, 146 West 74th street; D. Straus, 60 

 Wall street— ail of New York City. 



Pneumatic Rubber Heel Corp., July 21 (Delaware), $1,250,000. R. A. 

 V.ln Voorhis, 205 Union street, Jersey Citv, New Jersey; A. R. Oakley, 

 Pearl River; W. E. Schiels, Jr., 51 Division avenue, Brooklyn— both in 

 New York. Delaware agent. Registrar & Transfer Co.. 900 Market street. 

 Wilmington, Delaware. To manufacture, purchase, and deal in rubber heels, 

 tiles, etc. 



Vyiair.-id Tir 



ity. To 1 



& Rubber Co., Inc., August 

 heim, W. Loewenthal— all of 



and tubes for automobiles. 



J fact 



Rcbcr Rebuilt Tire ( 

 S. E. Dill; A. M. Hoo 

 Corporation Trust Co. 

 ware. To manufacture 

 and lubes, 

 • Rebuilt Ti.t 



:o., August 6 (Delaware), $30,000. T. L. Croteau; 

 /en— all of Wilmington, Delaware. Delaware agent, 

 of America. Du Pont Building, Wilmington, Dela- 

 , rebuild, retread, vulcanize, and repair rubber tires 



e. Long Isi; 

 E. Gollubier 



5 (New York). $10,000. C. D. Nolen, 475 

 d City; E. L. Blessingtnn. 131 Fifteenth 

 407 Westervelt avenue, Staten Island— all 



