April 1, 1915.] 



THE INDIA RUBBER WORLD 



391 



the European war, our volume oi sales in mechanical and mi 

 ccllancous lines w;in still more adversely affected in the lasl live 

 months of tin- yeai 



The lire business, being villi in a period oi abnormal growth, 

 is less affected bj current business conditions, but undoubtedly 

 the advent "i" a war depression curtailed tire consumption, v 

 that tin- lasl five months of the year did nol compare .is favor- 

 ably .is tlii- lust seven months with the corresponding period oi 

 1913 I 'ur tire business for the year, however, sin.^s an ini reasi 

 m number • > f tires sold, although the value was less than i"i 

 t'ne previous year on account of reduction in selling pines 



mi i; RUBBER PLANTATIONS l\ SI MATRA. 



Despite the unsettled conditions thai have existed throughout 



the world since Xu^nst 1. 1914. the affairs of our plantation com 

 panies have progressed in an entirely satisfactorj waj Due to 

 ill, efficiencj ol the Dutch planting organizations ami the able 

 i,i operation of the Eastern staff of the General Rubbei I o., the 

 programme for the yeai has been sub tantiallj carried out with- 

 out interrupt i, hi 



The company at the present time has properties in Sumatra 

 aggregating 90,072 acres, of which 4_'.7_'5 acres are planted, 



which constitutes the largest group of rubber estates in the 

 world. During the past year the first shipments of rubber from 

 the company's plantations were received, and from this time on 

 the production of the estates should rapidly increase. 

 I III-: OUTLOOK 

 While at the moment there is nothing discouraging in relation 

 to our business, your president feels that the year 1915 is one 

 of uncertainty; and it may he considered good fortune if we are 

 able lo maintain ,,r t,, increase our volume of sales and profits 

 as compared with last year When the uncertainties caused by 

 the war shall have ceased, when we shall receive a substantial 

 part of our crude rubber from our Sumatra plantations, and 

 whin we shall have realized our anticipations from our devel- 

 opment and operating departments, w e full} expect to enjoy 

 prosperity greater than we have heretofore known. 



TREASURERS REPORT. 



United States Rupper Co. and Subsidiary I I 



ASS I I - 



Property, plants and investments, including rubber planta- 



IS $123,726,273.66 



iries, manufactured g ts and materials. $33,606, 740.57 



Casli 6.14 



Notes and loam receivabl !,032,750.86 



Accounts receivable 19.107.217.4.! 



ng I"' i. .1 United States 

 Rubbei * ". held by subsidia ■ i ompani, - 



Sinking tin,] cash in hands in trustees 446,708.30 



Miscellaneous 2,183.799.12 



71,200,146.00 



Total assets $194,926,419.66 



LIABILI LTES. 



Capita] stock, first pn Fe rred. . . 

 Capital stock, second pre! 

 Capital stock ci immon 



- ".ii4.600.00 



558,4 



'.'100.00 



Capital stock, rubber g,,,, .is Manufacturing I 



Preferred issued $10,351,400.00 



Owned by United States Rubbei Co. depoi 



ited with trustees 8,826.500.00 



Common issued $1 n. "41 .700.00 



Owned by United States Rubber < 



ited with trustees 16. SS 1 .700.(10 



$95,973,000.00 





60,000.00 



37,500.00 



489,215.00 



Subsidiary <<f Rubber Goods Manufactur- 

 ing Co 



Minority Canadian Consolidated Rubber Co.. Limited, stock, 



preferred $282,380., common $206,S35 



Ten-veai 6 pel cent, i ollateral Trust Sinking I und gold 



bonds United States Ruhher Co 17,000,000 00 



Ten-veai- 4'; per cent, debentures, General 



Rubber i ,, $9,000,000.00 



Ten-year 5 per cent, debentures, Eureka Fire 



Hose Manufacturing Co 970.000.00 



Forty-year 6 per cent. Collateral Trust gold 



bonds. Canadian Consolidated Rubber Co., 



Limited $2,600,000.00 



Less owned by subsidiary com- 

 pany ' ' 203,000.00 



2.397,000.00 



Mechanical Rubber Co and New York Belt- 

 ing & Packing Co.. bonds 852,500.00 13,219,500.00 



Notes and loans payable 



17,910,103.83 



k cceptanc, iporl I ,n06. 73 



Vli chai "' payable. 2,77.' 61 



" 



1,736, 6i 



! r.ce fund resi \ < 



fund 223.x 14. sr 



Rea mi ""I ■ 



I I' ' 'i iui pluses i subsidia i 



•Sin, .bis 20,005,322.75 



Total liabilities 



■ i n i In-, surplus $31 1,667.35 | -rtains i" minorit) stci 



CONSOLIDATED INCOME STATEMENT Ink nil-: YEAR ENDING 

 DEI EMBER . ; i. 



i inical and miscellam 

 1 ,, .I,,, i 

 i, mi oi manufacture, selling, genera] expenses ai I taxes... 71,590.343.31 



i Iperatii ■ ; 



i us. i discount allowed cusl foi i i 



ment nut i SI. 646." 



Deductions foi bad debl .'71,220.1 1 



Federal incomi tax 1914 170,371.12 



In, "in,' charge: 223,314.42 







Net income prior to interest charges -" 



Interest mi funded and floating debt 



\, i profits 57,868, 



Dividends United Statt - Rubbi : i o . . 



Dividends to minoritj stockholders Rubber 



o Is Manufacturing t ,, and subsidiary 



company and Canadian Consolidated Rubber 



C, . Limited an isidiar; compan; 



Surplus foi period 



Surplus, beginning " period $19,129, 



Addit ions t, pital 



-""I of -, 6 i" ' ' : ,"i" first preferred 



-lock 16,11 



Adjustments applicable i" prioi yeai (net).. (7,767.89 



19, 183,371.96 



Surplus Dec, nib, I II, 1014 



]■:, pectfullj submitted, W. < ■. Parsons, I i 



ANNUAL ELECTION. 

 BOARD OI I'IKk.i TORS I 'i IR 1915. 

 I he following Board of Directors was elected at the annual 

 meeting of the United States Rubber Co., March lo. all having 

 served before with the exception of Mr. Middleton S. Burrill, 

 who takes the place of Mr. D. Lorn, McGibbon : 



1. Walter S. Ballon. Providence. R. I. 



2. James (..". Brady. New York City. 



.i Nicholas F. Brady, New York t ity. 



4. Middleton S. Burrill, New York City. 



5. Samuel 1', ( "It. Providence, R. I. 



6. Harry E. Converse, Boston, Mass. 



7. James Deshler, Yew Brunswick. N. J. 



8. James B Ford, Xcw York ( it ] 



9. Francis L. Hine. New York City. 



10. Henrj I. Hotchkiss, Yew Haven. Conn. 



11. Arthur L. Kelley, Providence, R. I. 

 1_'. Lester Leland, Boston, Mass 



13. Samuel M. Nicholson, Providence, K. I. 



14. Raymond B. I 'rice. New York City. 



15. Homer E. Sawyer, Yew York City. 



16. William H. Truesdale, Greenwich, Conn. 



17. Theodore N. Vail, Boston, Mass. 



18. John D. Vermeule, New Y,,rk City. 



19. Elisha S. Williams, New York City. 



"I I li ERS. 



At a meeting of thi Board of Directors of the United States 

 Rubber I " held March IS at tin office of the company. 1790 

 Broadway, New York, all the officers were re-elected for the 

 ensuing year. They are as follows 



Samuel P, Colt, president 



lames B Ford, vice-president. 



Lester Leland, vice-president. 



Raymond B. Price, vice-president (Development Department). 



Homer E. Sawyer, vice-president (Footwear Department). 



Elisha S. Williams, vice-president (Tire and Mechanical De- 

 partment). 



Samuel Norris, secretary. 



W. G. Parsons, treasurer. 



E. J. Hathorne. assistant treasurer. 



John I). Carberry. assistant secretary. 



EXECUTIVE COMMITTEE. 



Walter S. Ballon, Nicholas F. Brady, Samuel P. Colt, James 

 B. Ford and Lester Leland. 



