45. 



THE INDIA RUBBER WORLD 



| May 1, 1915. 



REPORT OF RUBBER GOODS MANUFACTURING 



CO. 



Till h Annual Report of the Rubber Goods Manu- 



factui ted April S, 1915, was distributed to the 



stockhol that company the last of March. The report 



of tb. t, which i^ l;in i, and the report of the treasurer, 



;iven in full below : 



THE PRESIDENTS REPORT. 



u tiik Rubber G - Manufacturing 



Twi ns materially affected the am.. tun of our 



i he year 1914. The first was the lower level of tire 

 prices, which reduced the am. mm of sales, although the total 

 number oi tires sold was in excess of the previous year. The 

 ml business depression clue to the European 

 war. This affected our volume oi business in mechanical and 

 miscellaneous lines, these hues being very sensitive to general 

 nl and industrial conditions 

 Notwithstanding the reduction in our sales, our total profits 

 than the preceding year, owing to our 

 of increasing efficiency and reducing expenses. This has 

 been specially marked in the tire department, as we have made 

 very great decreases in the selling expenses and have adopted 

 a policy of concentration of factory production by which all 

 casings will be made at Hartford and Detroit only, and all 

 motorcycle and bicycle tires are concentrated in Indianapolis. 

 The rep. at of the treasurer appended hereto gives the con- 

 solidated general balance sheet and consolidated statement of 

 the Rubber Goods Manufacturing Co. and its subsidiary com- 

 panies for tin fiscal year ending December 31, 1914. 

 Respectfully submitted, 



Elisha S. Williams, President. 



THE TREASURER'S REPORT. 



IS MANUFACTURING CO. AND SUBSIDIARY 

 COMPANIES. 

 itD General Balance Sheet, December 31, 1914. 



ASSETS. 



iv, Plants and Investments $33,132,454.41 



Inventories, Mf'r Goods and Materials $",479,802.78 



Cash 3,115,153.38 



Mill- and Accounts Receivable 7,283,172.40 17,878,128.56 



Stock Owned in General Rubber Co $1,666,700.00 



Secur.i I 384,030.55 2,050,730.55 



Sinking Fund Cash in Hands of Trustee 446,708.30 



Miscellaneo 429,793.60 



Total Assets $53,937,815.42 



LIABILITIES. 



Capital Stork, Pieferred $10,351,400.00 



Capital Stock, Common 16,941,700.00 



1 Stock, Subsidiary Companies 3,537,500.00 $30,830,600.00 



Bonds of Mechanical Rubber Co., and X. V. Helling and 



Packing Co 852,500.00 



Bills and Accounts Payable 7,783,533.07 



Accounts Payable to General Rubber Co 2,813,746.54 



Reserve for Federal Income Ta\ 48,597.35 



Reserve for Accidents to I 106,577.78 



lies) 2,499,218.65 



Surplus .' 9,003,042.03 



Total Liabilities $53,937,815.42 



Contingent liabilities for certain guaranties, which are offset by corre- 

 sponding contingent assets, are not included. 



fmmary OF Income and I sd Loss for the Year 



Ended December 31, 1914. 



Earnings $2,804,625.96 



Income from In 141 ,669.50 



$2,946,295.46 



Expenses of Home Office $94,272.97 



Interest on Bonded and Flo: D 610.205.16 



Federal Income Tax, 1914 48,597.35 753,075.48 



Net Profits $2,193,219.98 



•Dividends 2,143,983.66 



Surplus for the Period $49,236.32 



Surplus and Working Capital, January 1. 1914. .$8,576,509.94 



Redemption Reserve Transferred to Surplus 377,295.77 8,953,805.71 



Surplus and W 1. December 31, 1914 $9,003,042.03 



Respectfully submitted, 



E. J. Hathorne, Treasurer. 



lilies $233,466.66 paid minority interests in subsidiary companies. 



Mil I '1Kb i H M<S AND OFFICERS OF THE RUBBER GOODS MAN 

 II \( |i RIM, i OMPANY. 



At the annual meeting of the Rubber Goods Manufacturing 

 Co., hcbl April S, the following directors were elected for the 



i g year: Walter S. Ballou, Nicholas F. Brady, Charles C. 



( ase, Samuel 1'. ( olt, James I'.. Kurd, Ernest Hopkinson, Charles 

 A. Hunter, Lester Leland, Raymond Li. Price, Homer E. Sawyer, 

 I li iha S. Williams. The only new member of the board is 

 Charles C. Case, who was elected in place of Frank W. Eddy. 

 il. . eased. 



The following were elected members of the executive com- 

 mittee: Walter S. iJall. .11, Nicholas F. Brady, Samuel P. Colt, 

 James II. Ford, Lester Leland, Raymond B. Price, Homer E. 

 Sawyer, Elisha S. Williams. 



One new office was added, namely, an additional vice-presi- 

 dent, to which position Charles C. Case was elected. The fol- 

 lowing are the company's officers for the coming year: Elisha S. 

 Williams, president: Charles A. Hunter, vice-president; Lester 

 Leland. vice-president; Charles C. Case, vice-president; Edward 

 J. Hathorne. treasurer; John I). Carberry, assistant treasurer; 

 Samuel Norris, secretary ; John D. Carberry, assistant secretary 



TRADE NEWS NOTES. 



It has been estimated, from figures given out at the recent 

 Boston automobile show, that the people of New England 

 during the present year will spend $58,500,000 on passenger 

 vehicles and parts; Of this amount, the estimate for tires is 

 $17,000,000 and for other accessories $4,500,000. The com- 

 bined purchases of tires and accessories in 1914 amounted 

 to $18,100,000. 



Tire manufacturers will be interested to know that the 

 Chicago board of aldermen has under consideration the estab- 

 lishment of a municipal motor omnibus system. The com- 

 missioner of public service has made a preliminary report on 

 routes, with estimates on vehicles and installment of the 

 system. The brief period required to put such a system in 

 operation, and thus relieve present congestion, is mentioned 

 in favorable contrast to the time that the construction of 

 subways or other rail lines would take. Such a system 

 adopted by the city of Chicago and working out satisfactorily 

 would probably lead to similar installations in many parts of 

 the country. 



The F. S. Carr Co., of Boston, which manufactures water- 

 proof materials for automobile tops, has opened a branch in 

 Detroit, at 971 Woodward avenue. 



Hermann Weber, New York representative of J. Schnur- 

 mann, of London, engaged in the scrap rubber business, has 

 moved his offices from 150 Nassau street to the Terminal 

 building, 30 Church street. 



Some tire purchases of more than usual size have lately 

 been reported, one of these being the purchase by the Ford 

 Motor Co. of 137 carloads of automobile tires, while another 

 was the purchase by a large bicycle manufacturer of 76,647 

 pairs of Goodrich and Diamond brands of bicycle tires. 



The Copithorne Rim & Tire Co., Inc.. has made arrange- 

 ments for the location of a plant at Attleboro, Massachusetts, 

 for the manufacture of quick detachable rims. The company 

 purposes the erection of a plant that will give work at the 

 start to about 500 men. 



The Perfection Tire & Rubber Co., of Chicago, has acquired 

 a site at Fort Madison, Iowa, for a manufacturing plant. 

 Work on the new buildings — the cost of constructing and 

 equipping which has been estimated at $90,000 — will be 

 rushed, and it is hoped to commence operations by August 1, 

 with an initial capacity requiring 200 operatives. 



At Calgary, in the Canadian Province of Alberta, machines for 

 vending chewing gum are under the ban of the law, being classi- 

 cs gambling instruments. 



