Arizona republican., 1917-12-16
GOODYEAR COMPANY SUCCESSFUL DURING
 SEASON JUST PAST

In common Nltn the per1OrmanceS or former years, the annual meeting of the Goodyear Tire & Rubber com pany, Akron, O., developed the fact that the past years business was the most successful in volume and profits, of any year in the company's history Gross sales jumped from $63,O00 900 to s111,000,0 900 and net profits from ST. 003. 330.09 to $14,044, ,20610-an increase of "A per cent in volume and 100 per cent in profits. And of this volume less than one per cent was contributed by direct war business.
 President F. A. Seiberling, in his report to stockholders, stated that plant extensions under construction a year ago had been completed, nearly doubling its productive capacity, and providing facilities for several years to come.
 ITO provide for these extensions" !" he said, "the directors during the year increased the fixed capital of the com- pany by the sale of s7,500,000 pre- ferred stock and $3,37200O common stock. The companys good will, grow ing out of satisfactory trade relations with over 10000 customers and more than a million users of it's products, is steadily increasing in value and constitutes it's most valuable asset though not listed in our balance sheet And the patents trade marks, designs etc, although worth millions of dollars | to us are listed on our statement al but s100
 We have earned the past year, sub- | ject to deductions for federal tax 611a for the common stock of this company-the highest record we have ever made.
 We have been cooperating closely with the government in supplying what needs we could, because we fel that it was our duty to measure up tC our opportunities in this respect, anC we are going to support the govern | ments program in the rubber line tt our limit
 All of the directors were reelected as follows: F. A. Seiberling, c. " Seiberling, G. NJ. Stadelman, F. H Adams, P. W. Litchfield, H. B. Mantol and J. P Loomis. The directors il turn elected the following officers: F A. Seiberling, president and genera manager; C. w. Seiberling, vice presi dent and manager of purchases; G. M Stadelman, vice president and mana ger of sales: P. W. Litchfield, vic president and factory manager; A. F Osterloh, secretary; w. E. Palmer treasurer and assistant secretary; F J. Blackburn, second assistant treas urer
 But one change was made in the lis of officers-tne election of W. E. Pal mer, as treasurer, succeeding F. | Adams, who retires from that offic' although retaining his membership o the board of directors. The electio of MT. Palmer brings to the treasurer office an employe, whose connectio with the company covers almost th entire period of Goodyear history, an emphasizes the success that can be al tained in our big corporations todd through constant application and Joy alty. For he has advanced from $5( a-month clerkship to the treasurershi of a concern doing more than S100 100000 worth of business in a sing year, by sheer merit-Without a pu other than that of hard work and re- ability. AS secretary to the board directors ever since it's organiZatio he has handled practically every b. financial matter that the company h; , | transacted.
 Goodyear men are agreed that u company's policy of mixing the be materiable obtainable with the mo Skillful workmanship that can be ma shalled, will make for a larger volun of business the coming year, notwitl standing the uncertainties of war tn
 may face the country. The Goodye; policy is to keep in tune with the go'
 ernment's program.