New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-03-31
ELASTIC RUBBER CAPITAL.
STRETCHED OUT TO SjO,OOO,OO
THE UNITED STATES COMPANY WILL TRY TO
CONTROL THE WORLDS SUPPLY.

CONTROL THE WORLDS SUPPLY.
The United States Rubber Company filed articles
Of incorporation at tie County Clerks Office IN
Brunswick, y. j., yesterday. The capital IS
$50, ,OO0, 900. divided into 100000 shares OF
stock at 500 a share II will he by far the
largest company engaged in the manufacture oi
rubber goods in the world, and Will probably re-
suit in trust, although the ncorporatorS say
that it will not These are the incorporators:
William Barbour, of Barbour Brothers, Paterson
~ j.; J. Edward Simmons, president of the Fourth
National Bank of this city; John l. Waterbury
president of the Manhattan Trust Company;
William t. Trenholm, eX-Unted States Controller
and president of the American Surety Company
and John p Townsend, president of the hhlcKer-
booker Trust Company, The corpora'o'S
met Yesterday and elected the foHo"l"@
board of directors Mr.. Barbour Mr.. simmons
Mr. Waterbury, Mr. Trenholm, Mr.. lo"nsr""
Henry Steers president of the Eleventh wal"
National Bank: Robert NJ Galloway, president oi
the Merchants National Bank Charles +. lhay'r'
of Boston; T. Patterson, of Sawyer, Manning d"
Company. of Boston.
The company is incorporated ior hl'y Sc'''
and will probably soon control most ol thc r"'"'''
boot and shoe plants in the country. me Offices
Of the company will be in New-lorN' BOSTON anu
Chicago.
known importing houses in the business WIS
seen last night by Tribune reporter
Was not tho company formed for the purpose
Of abs,Ibing all the other companies in the buSl.
ness. and 50 being able TO control the market .
as;c, the reporter.
80: i; was formed for the purpose OF making
rubber boots and shoes on a large scale and by
improved processes, 80 that it could make better
goods .han are at present produced ami at cheaper
rates for the purchaser. | can positively assure
YOU that there is no intention Of attempting 10
control the market for the purpose Of increasing
the cost of the goods 10 the consumer. Every con
Germ i'm the business now makes from ',Ooo 10
o. 600 different kinds Of rubber boots and shoes
ta,inc into consideration the widths, qualities,
size, and styles This company will centre on
few kinds " goods and can make better ami
cheaper goods, and viii make more money ont of
them
win this have the effect of either killing or
absorbing the smaller companies ''
No. | don't think -. don't think 1t could
xiii all the other companes. ~ 10 absorbing
them. some of them | know. an not wanted.
But I'll tell You what this company can do with
such a big capital: it can buy mp the steamers
on the Amazon River in Brazil, which transport
tic crude rubber from the places where It is
gathered TO the coast II the company owned
tho-' steamers it would control absolutely the cN-
portatior Of crude rubber from Brazil and as
Brazil j., the greatest rubhcr-producng country of
the world. the United Stale, Rubber Company
would have things about it, OWN way
What plants are az present owned by the
company 90
The Ncw-Icrscy Rubber Shoe Company Of
Ncw- Brunswcl. This l. large mandatory.
Negotiations are almost completed tor the pur-