I 'i I EMBER 1. 1914.| 



THE INDIA RUBBER WORLD 



11" 



trade relations with the republics to the south- diffi- 

 culties in financing, in the commercial traditions and 

 customs of the South Americans and in their national and 

 racial differences from ourselves have been discussed 

 at considerable length in these columns, lint thru- is 

 one pitfall that has trapped unwar) exporters in the 

 past, and which will undoubtedl) continue to claim 

 still further victims, thai can easily ho avoided. 



Under the laws of most of the South American re- 

 publics a trade mark becomes the propert) of the man 

 who first enters it for registry, without any regard 

 whatever to the ownership of the goods on winch the 

 trade mark appears or the length of time it may have 

 been in use. To illustrate,- -If an American manufac- 

 turer, after a great expenditure of time and money and 



effort, succeeds in getting a markel for In- g Is, let 



us say in Argentina, and the Argentine dealer t.i whom 

 he entrusts the distribution of his merchandise — or, as 

 a matter of fact, any other dealer- -registers the trade 

 mark, he can effectually estop the American manufac- 

 turer from marketing his goods in that country through 

 any other agent than himself. This is not a theoretical 

 situation, for it has occurred in a number of instances. 



Once this pitfall is seen, the remed) is of course 

 simple, namely, — that the American manufacturer, he- 

 fore he enters into any trade ms in an) South 

 American country, should register his trade mark in 

 that country in his own nana- and avoid the anomalous 

 and most unhappy position of being the owner of the 

 goods but having the trade mark of these vj>"ds. and 

 with it the absolute control of their sale, fall into alien 

 and often h< istile hands. 



< Ine thing is extremel) probable. If Germany wins, she 

 will possess ever of Africa from the Strait of 



Gibraltar to the < ape of G 1 Hope. With England, 



I rani and Belgium she is at war. Italy must be pun 

 ished for her failure to maintain the Triple Alliance anil 

 Portugal for her announced readme-- to support England 

 when called upon. This accounts for all but Spain's in- 

 ificam possessions and the little states of Liberia and 

 Abyssinia, which would wait their turn with such 

 animit) as might be possible. It is not likel) that Ger- 

 man) would care for an Indian problem just yet. 



( >n the Other hand, if Germany loses -he is likely to 

 lie stripped of ever) fool of her possessions outside of 

 Europe, and they would he divided, of course, between 

 France and England. Kaiuchau, on the coast of China, 

 which Japan lately captured from Germany, will. 



. b( returm I to it- original owner, if Germany is 

 defeated. Bui if tin latter win-, Japan will come in for 

 a bad quarter of an hour, in which China will share. An 

 even more momentous question would arise for the 

 United State- if Germany should win and should demand 

 possession of some or all of the West Indian possessions 

 ii lii-'and and France. 'I he Monroe Doctrine would 

 require the United Stat. the coming of 



another strong European power a- a neighbor. But 

 German) does not recognize the Monroe Doctrine and 

 a higfrh interesting situation would arise. 



WHAT THE LOSERS WILL HAVE TO PAY. 



WHETHER the end comes soon or late, of the most 

 stupendous war the world has ever seen, some- 

 body will have to pay. It is not going to end in a love 

 feast and embraces all around. The governments and 

 peoples in this struggle are grimly in earnest, and when 

 the loser sit.- down at the council table with the plenipo- 

 tentiaries of the victors he must prepare himself for 

 some very unpalatable demands. The material losses of 

 all contestants have been stupendous and. whatever the 

 loser or neutrals may saw the victor will not he hack- 

 ward in demanding compensation. 



Passing considerations of money indemnities and 

 changes in the map of Europe, the question of interest 

 to readers of The India Rubber World is what is 

 ine to be done about the colonies of the warring nation-. 



Till INCORPORATION l\ I1IK EASTERN STATES OF NEW 



companies having a capital of one million dollars or 

 over represented for the month of September an ag 

 gate capitalization of fifty-four million dollar-, litis was 

 an increase of four million over August and of twelve 

 million over September of a year ago, but it is materially 

 below the avi i for the last t ; rs. lor the 



twelve months of 1912 and for the first live months of 

 1913 the monthl) capitalization of new con- only 



twice fell belo ne hundred and titty million mark, 



the average being well over two hundred million dollars 

 a month. There was a marked falling off in June of 1913 

 twice since that time ha- the monthly ag 

 hundred million, 

 i the first nine month- of the present year the total 

 capitalization of new corporations of a million and over 

 in the eastern states was six hundred and seventy-two 

 million dollars, which i- hut slightly over one-half of the 

 amount for the same period in tb nig year and 



much over one-third of the aggregate for the same 

 d in 1912. The new capitalization during the pres- 

 ent year ha- avei iged a little less than seventy-five 

 million dollars per month, which, though low in com- 

 on with recent years, is undoubtedly quite high 

 Ugh to harmonize with present conditions. 



