Daily Republican. [volume] ([Wilmington, Del.]) 1874-1890, 1886-07-07
The Wilmington OH a. Leather Co.

L
The annual meeting of the WHINING
ton Oh & Leather Company, which Va
held on Tuesday afternoon at the o.ao,,
OF the treasurer, H. @. Conrad. Esu..
No. 913 Market street, was well At
tended by the stockholders, and the
greatest interest taken In the proceed
ings The minutes OF the last meeting
were read by Secretary B. r. jackson
and approved, after which President y.
James Belt presented his report. show
ing what has been accom- plished during
the past year. This was followed bv
the report of the treasurer, and that OF
the secretary, the latter giving a de-
tailed history OF the company and its
operations since its formation. The re
port OF Vice President DIR. West sho we'd
the difficulties under which the COM
pany labered at first in obtainino o
skilled labor to utilize the products OF
the porpoise, and congratulated the
stockholders on the fact that all these
dimculties have been overcome. and
the prospects OF the company are now
OF the most 1attering description.
Business Manager John Wainwright's
report reviewed the work done at Hat
teras Inlet, and described the modus
operandi of preparing the products for
market.
After the reports had been read and
accepted, Messrs. Belt, Wainwright,
West, Conrad and johnson were re-.
elected directors, and at the meeting
OF the directors held shortly after the
stockholders meeting adjourned, n
James Belt was reelected president,
DR.. West, vice president; Fl. @. Conrad.
Esq, treasurer; b. F. jackson, secre.
tary, and John Wainwright, business
manager.
The affairs OF the company have been
managed during the past year In the
| most economical manner. Buildings
have been erected near HAtteras In let,
the mcst improved machinery intro
duced. and skilled labor obtained for
the purpose OF tanning the hides, con.
sequently the company now has some
OF the finest porpoise leather ever manu-,
fsctured, and far superior to that i'm.
ported from England, or made at New
ark, N. j. Nearly all the so-called
porpoise leather imported, aud much of
that manufactured in this country, is
made from horse hides, or the skins of
white whales, which although they can
oe finished to closely initiate tile gen.
uine article, Is not possessed of the fine
grain or waterproof qualities which
makes the real porpoise leather 80 de-
slrable and in such great demand. The
Wilmington Oil & Leather Company
ls the only corporation in this country
that manufactures leather from moth
ing but the skins of this fish.
The oil Is also another important part
OF the product, and the greatest atten-
tion has been given to this branch. DR.,
West has, after series Of experiments,
succeeded In manufacturing medici-
nal oil which IT is belle ged will be
superior to cod liver oil IN all cases
where remedy combining phosphates
with nutritive matter is necessary.
There are three grades of blubber oil
for use In dressing leather or lubricat-
ing purposes, and jackson & Sharp,
with other firms who have tested 1t on
the machinery in their large manufac-
tories pronounce 1t equal, il not super
ior, to the best quality of sperm oil.
A very fine grade of oil TO be used on
clocks, watches and delicate machinery
Is made from the fat in and around the
jaws of the fish, samples OF which have
been forwarded TO the Waltham Watch
Company, who have endorsed it as the
best oil for the purpose ever brought to
their notice. A frst.class oil is also
made for sewing machines, and the
great value OF all these oils lies In the
fact that they are absolutely pure, and ,,
free from any mineral adulteration, /
which IL. more than can be said for the |
majority of the oils now in the market |
Another of the valuable products is
the fertilizer, which is made from the |
refuse, and has been found by actual
experiment to be equal to the best Peru
Wan guano as food for plants, or tor
reclaiming worn out lands. Samples
Of al these goods were shown, and
afforded the greatest satisfaction to all
present. Before the commencement Of |
the fishing season the company vii |!
erect additional works, and with the
Experience gained during this, the first
year, will be enabled to greatly increase
The returns. The stock liz now quoted
1t t25 per share, and it is barely possi-
ole that the company may be induced
TO offer few shares at that figure,