Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1902-08-13
TWO MORE COMBINES
ShipbuiIdeFs and Harvester Max.
ers Have Organized Their
Respective Interests.
STATED PURPOSE OF THE FIRST
Build Ships Here for Foreigners to
Duy-Latter Has Capital
of $12O,OOO,OOO.

New York. Aug. 13.-The Trust
Company of the Republic has COM
pleted the payments for all the ship
building plants held under the options
of the United States Shipbuilding COM
pany, including the Bethlehem Steel
company; Union Iron Works, San
Francisco; Bath Iron Works and Hyde
Windlass company. Rath, Me-; East
ern Shipbuilding company, New Lon
don, Conn; Harlan q HollingswOrth
company, Wilmington, Del; Crescent
Shipyards, Elizabeth. n. J.; Samuel L.
Moore '& Son company, Elizabeth, \.
J., and the Canda Manufacturing COM
pany, Cataract, y. j. This consum-
mates the transaction, and the bust
ness organization will begin at once
by concentrating in different yards diff
ferent types of vessels and introduce
ing economies which are expected to
result in increased profits over those
of the independent companies before
they were brought together.
Object of the Combination.
Daniel Leroy Dresser. president of
the Trust Company of the Republic,
says: There have been TO negotiations
whatever between NickerS. Maxim &
I
building company" Nixon was asked
as to the report that the new company
had acquired the Nickers. Maxim &
Nickers plants in England. He said ::
"Our desire is to put American ship
building establishments upon such Il
basis that we can build foreign ships
here. No steps looking to taking in
English plants have been taken.'
Great Combine I'm Harvesters.
Trenton, y. j., Aug. 13.-The Inter
national Harvester company. with an
authorized capital of S120,OO0.000, was
incorporated here last evening The
company is authorized to manufacture
harvesting machines and agricultural
implements of all kinds 1t is under
stood that among the concerns inter
eSted in the syndicate is the McCor-
mick Reaper and Mower concern. of
Chicago. The articles provide that all
of the $120,000.000 of the capital stock
shall be common stock unless it shall
be decided to increase the company's
capital beyond those figures. In that
event the $120,0OO000 is TO become
preferred stock and the additional cap
ital is to be common stock. The In
cOrporatorS of the company are Alb
ram NJ. Hyatt. of AllenhurSt " T.;
George w. Hebard. New York; Row
land X. Dennis. Auburn " y: Ed
ward NJ s. Miller. New York: Robert
s. Green. Elizabeth. n. J.. and Eras-
tus NJ. Cravath, New York.
milwaukee Company in the Deal?
Milwaukee. Aug. 13-The Journal
says: The Milwaukee Harvester COM
pany of this city, has been sold TO
an eastern syndicate for $5.OO0.O00
cash. The deal was conSummated
through a prominent firm of local at
torneys, and the transfer made The
designations of the officers OF the old
companies were received ard accepted.
and the works will be in the posses
sion of the new officers within few
days. Just who the eastern capitalists
are could not be aScertained. but 1t is
thought that they are representatives
of trust. The information as to the
deal IS authoritative. The Milwaukee
Harvester company plant was brought
here from Beloit, Wis, in 1856 by Sen
ator Fred bennett and Assemblyman
L. Holden Parker. It's capital stock
was then 100000.