The sun. [volume] (New York [N.Y.]) 1833-1916, 1901-12-29
ATTACHES CRUDE RUBBER CO.
HEMPSTEAD RANK ACTS on A
PROTESTED $4,000 NOTE.

George watkinson q Co. OF Philadelphia
Jade the Note n the Company In
dorsed N-Onicer Of the Company
An attachment for 5000 was obtained
here yesterday against George watkinson
a Co., manufacturers Of rubber boots and
shoes at Philadelphia, and against the
Crude Rubber Company. whose Offices
are at Is Broad street. his city. In favor
OF the Hampstead Bank Of Long Island.
The attachment rs on a note made by
George Watkinson 4 Co. on Aug. 10, pay
able at Philadelphia or Dec. 2s. which was
Endorsed by the Crude Rubber Company
and which. It Is alleged, was not paid at
maturity and went TO protest.
The attachment was obtained on the
ground that George Watkinson a Co. are
residents of Philadelphia and that the
Crude Rubber Company is a Virginia cor
poration.
At the office Of the Crude RubberC Company
II was said yesterday that Paul De Lacy
Liebermann. the treasurer, had gone for
the day and that he was the only person
who could s~ayanything about the finances
Of the company. Henry Earle, the Vice.
President and general manager said that
he was about concentrating a big deal,
but he did not go into particulars about
It. A report was current In the rad that
the company was about 20 sell 100000 0
worth OF crude rubber. Mr.. Earle said
he was quite too busy trying to sell rubber
TO make any statement whatever concerning
the attachment or TO see areporter.
Mr.. Liebermann said last evening that
when he left his Office In the afternoon there
was no attachment, INC that 1t was absurd
70 get out an att achment against such a
corporation for SO small a sum. lie
said hat he knew OF the note given by
the Watkinson people and that II was not
paid, not because Of any pecuniary in
ability, but because OF a dispute over the
counts between the two concerns. lhe
attachment he pronounced a mistake
on somebody's part. As TO the report OF
the million-doilar deal. or m~illion-dollar
rubber sale, or Of a possible merger OF the
rubber company and the Philadelphia COM
Germ. Mr.. Liebermann aid that all SUCH
matters were purely private business ana
that he could gay nothing about them.
The Crude Rubber Company was organ
ICED on Feb. 20, 1897, with a capital stock
Of 81 600 900 of which 5000 600 is preferred
stock and $500 900 ominon stock. George
4. Dearborn became President OF the CON-
pany.
George Wat8inson 4 Co. Of Philadelphia,
began business there in 1895. and had a
very extensive trade. They we're not
In the Rubber Trust. They have done
a business, it il said, OF 81 ,ooo,0c 10 a year,
employing 100 hands in their large factory
at Philadelphia, and making a fine class
of goods. Their liabilities are reported
TO be about 100000, with assets OF
81 400, coo, consisting Of factory, plant. &C.
$4,000 free and clear; good accounts,
$3.50, 600; manufactured rubber boots And
shoes. sioo, 600: and crude rubber, 100000.
Ii was reported here yesterday that
the condition Of the Crude Rubber Com
pany might largely depend on how the
Watkinaon affairs turned out to stand
in Philadelphia, as il was reported that
the Crude Rubber Company b td indorsed
considerable WaViinson paper. some. OF
which has gono TO protest in Philadelphia
II was said that all other paper of the Crude
company. except the Watkinson paper,
would be taken care Of.