New-York tribune., 1906-09-14
BIG RUBBER DEAL ON.
Z. s. Company .Absorbs Most I'm
pOrtdRt Concern IN EurOpe.

What may be a step in the working out of a
plan Tor obtaining control Of the worlds supply of
crude rubber is the arrangement announced by
Colonel Samuel P. Colt. president Of the United
States Rubber Company. who returned from Lon
don day OF two ago. having been made by
him for the absorption by his corporation of the
most important crude rubber concern IN Europe.
Besides doing the largest business in rubber
IN Great Britain and the Continent. the firm
or Alden. Symington q Co, OF London. has for
years represented important crude rubber interests
IN this city This firm has been dissolved and a
new company has been organized. under English
laws, 10 be known William Symington & Co.
Limited The capital Of the new concern will be
&,5ot"o. all OF which represents fully paid stock
and of which the United States Rubber Company
owns every share
London IS the centre OF the crude rubber indus
try for the civilized world. The two chief sources
OF supply for this product Brazil and Africa
Brazilian crude rubber is paid for through Lon
don, although it may have been purchased for
New York account. Heretofore the United States
Rubber Company and it's affiliated companies. like
other manufacturers Of rubber goods have paid
for their supplies Of the crude product largely by
means Of bankers letters of credit arranged
through London
The new company recently organized in London
will finance al the purchases Of crude rubber by
the United States Rubber Company. the Rubber
Goods Manufacturing Company and other COM
panies that may be owned or controlled by the
brothers. s p. Colt. Lester Leland and John ].
Watson. tr-, officers OF the United States Rubber
Company. and William H. Blackwell. who is as
ISOLATED with the latter corporation
In the board of the United States Rubber COM
pany are Francis Lynde StetsOn. personal counsel
OF }. Pierpont Morgan. and Francis L. Hne. vice.
president OF the First National Bank the relations
Of which institution with the Morgan house are
commonly understood 10 be close. Mr.. Morgan had
an interview year ago with King Leopold of Bel
gium. who controls the Congo Free State. one Of
the most important sources OF crude rubber. and
only day ago II reported from Brus-
sells that American syndicate in which Mr.. Nor
gan influential might take over the concession
OF the Anglo Belgian crude rubber combination in
the Congo Free State Within the week, also. the
news has been published here that Thomas F.
Ryan has recently had several interviews with
King Leopold Mr.. Ryan, according to common
report is already interested IN the crude rubber
situation, through the Continental Rubber Com
peny. which organized last winter TO manu-
factuTe rubber from the guaylle plant found in
Mexico. and IN which John d Rockefeller. tr., and
Colt were said 10 ba among his associates; that
although no direct afllation between the United
States Rubber Company and the Continental Rub
Der Company has been publicly announced. II
seems Wall Street by no means improbable that
the interests dominant in and friendly TO these two
corporations may be planning TO control the vast
rubber territory OF the Congo Free States. and
later control all Of the crude rubber
put