The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-08-14
To REDUCE EXPENSES.
Object Of One Newly Organized-Inter-
national Harvester Company.


NEW YORK. Aug. 13-The incorporators
OF the International Harvester Company,
articles Of Incorporation for which We're
filed yesterday IN Jersey city. to-day made
public a statement which says. in part:
The International Harvester Company
has been organized under the laws of New
Jersey. with capital stock of s12O.OOOOOO
10 manufacture and sell harvesting machin-
cry. II has purchased the property and
business of the following manufacturers:
The Mccormick Harvesting Machine Com
pany. Deering Harvester Company, Plano
Manufacturing Company. Warden. Bush
roll Giesner Champion, Milwaukee
Harvesting Company. The company is
capitalized on an exceptionally conserva-
tive basis. OF it's assets SS0.CO0OOO are in
cash working capital The company will
require no financing. and there will be no
offer of its stock to the public. all the cash
required having been provided by its stock
holders
After alludng to the prices of raw ma
terial and the possible consequent advance
in the price of harvesting machinery.
unless economies in existing condi-
tions of manufacture could be accom-
plished. the statement continues: THE
and the interests of the farmers are identi-
cal. An advance in the price of agricul-
tural machinery would injure the farmers
and react upon the manufacturers. But.
on the other hand. If existing conditions
continued an advance in price will he in
evitabIe. 1t thus became necessary that
either the prices had to be advanced or
substantial economies should be accom-
nIfSha1 In, fho
of the agricultural machinery. The man
agement of the company will be in charge
of gentlemen who have for years been
Identified with the business The company
will start with ample manufacturing facn-
ties. 1t has five fully-equipped manufac-
turing plants in the United States ami one
plant in process OF construction in Can
ada"
The officers Of the company are as fol-
lows: President. Cyrus H Mccormick.
chairman executive committee. Charles
Deering; chairman finance committee
George w Perkins; vice-presdents. Her
old F. Mccormick. Charles Deering w n
Jones J. j. Glesner; secretary and treas
urer, r. F. Howe; board of directors Cv-
rus Bentley. Z. d. Cravath. William Deer
ing. Charles Deering. James Deering F.
II. Gary J. J. Glessner. r. F. Howe. A. NJ.
Hyatt W. II. Jones. G. II. Mccormick II
F. Mccormick. s. Mccormick r NJ F'ow-
ler. c.. w. Perkins. y. b. Ream c. Steele
and i. D. Ward
The four companies not included in the
consolidation are d. NJ. Osborne & Co. OF
Auburn. y. Y; Johnstone Harvester Com
pany. OF Batavia. y. Y: Walter A Wood
Moving and Reaping Machine Company of
HOosick Falls. y. Y. and Adriance Plat
& Co. OF Poughkeepsie. y. Y Ii was an
nounced tonight on best authority that the
headquarters OF the new corporate would
be located in Chicago.
Auitman-MiIIer Company May Join.
AKRON. o.. Aug. 13.-Hon. George w
Krause. president OF the Aultman-M Miller
Company. makers Of the Buckeye mower
and reaper. said to-day, in regard To the
combine OF harvester manufacturers: Il
cannot say positively that the Akron COM
pany will join the combination. but I think
there is no doubt we will enter it. I know
very little about the matter at present
further than the fact that the combination
has been Incorporated. II probably will in
clude all OF the concerns interested in the
manufacture OF harvesting machinery and
farming implements in the country we
probably viii be called on by a representa-
tive OF the company in the near future
big company. and there is hardly any 6ouht
but that our concern viii sOoa become
. part Of the big combination"
CANTON. o.. Aug 13.-W a. Lynch. Of
the Aultman Company. successor to q
| Aultman & Co. at one time the 1argest
harvesting implement makers OF .he conn
try. says his company has not been i'm
vited into any merger. and he has no
knowledge or any OF the constituent com
panies In the New Jersey corporation The
company does not now make binders ana
psowers. That branch of the work was