Newark leader. ([Newark, Ohio]) 1917-1946, 1925-08-07
Plant Operations
Will Commence
inCouple Months
Eight international Union Heads
Have Promised Assistance
in Every Way
The Union Tire and
Rubber Company, OF
Mt. Vernon, Incorporate
ed under the laws of
Ohio April 81, 1925 is un-
doubtedly one of the
coming big institutions
of the state.

coming big institutions
of the state.
The authorized capital is $750,O00,
divided into $250,0O0 preferred and
$500,000 common stock. The heads
of eight international unions have al
ready been consulted and have prom
ised cooperation and assistance In
every way.
The Mt. Vernon plant was purchas-
ed from the directors of The MT. Ver-
non Rubber Co. Oh June 3Oth, the sale
being ratified by the stockholders on
July 10Th by vote of almost one
hundred percent. 1t was constructed
in 1920, at a cost of about 5000, 100000,
including equipment, but was never
operated, due to the fact that both
the Knox Co. and the Mt. Vernon Co.:
spent so much money for the sale OF
their stock and for officers salaries
that neither company had anything
left for operating capital.
The plant is one of the most mod
ern, both in construction and equip.
ment, in the world, with capacity OF
five thousand tires and tures' per
day, which can be doubled by the addl-
which the foundations are already in
stalled. 1t owns about thirty-five
acres of land, with ample water sup
plied from an artesian we'll, for all
its requirements, and is situated on
the Baltimore & Ohio Railroad, with
direct spur to the loading platform.
AS the factory has never operated,
estimates only can be given, but fig
ton of three hundred tires per day
it should clear about $75,000.00 per
year, or ten per cent on the entire
capitalization.
The factory is located just outside
the city limits of Mt. Vernon, with
police and fire protection afforded by
the city, as well as being equipped
with Globe automatic sprinklers
throughout, supplied from a water
tower of $4,000 gallons capacity.
The plant was paid for by issuing
preferred stock to the Mt. Vernon
Rubber Co., and assuming eighteen
thousand dollars of their liabilities,
payment of which can be extended
over a period of three years. The
purchase of this plant on these terms
was made possible by reason of the
fact that a large percentage of the
Mt. Vernon Co.'s stockholders are
Union men and with the success OF
the new company at heart.
AS there are about one million au-
tomobiles owned by union men in the
United States, using about three mil
lion tires annually, the maximum pro.
duction would not exhaust this fielC
alone. However, Union support is
not being depended upon exclusively
as the superior quality of the product
will lead to it's sale among all dis
eliminating motorists. Building tires
is no secret; it is simply question
of materials and workmanship, and il
is intended to use the best materials
obtainable in the output, and due tt
low overhead, low advertising cost
and the factory efficiency that always
follows the employment Of high-clas!
workmen. Real material can be usee
and the manufactured article at thu
same time sold at price approx
mately the same as the big com
panieS.
The working capital is all that il
necessary to raise. Stock is selling
at a cost of less than two percent, a!
the company is paying no commits
sions, giving no bonus and no promo
ton stock.
Large sums of money have beer
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