New-York tribune., 1902-08-14

HARVESTING MACHINERY COMBINATIONS
CHIEF AIM TO KEEP PRICES DOWN

The papers for the incorporation of the Interna-
tional Harvester Company, a combination of the
largest agricultural machinery manufacturing con
Germs in the United States, were filed yesterday in
the Hudson County Clerks Office. in Jersey City.
They had been filed Tuesday at Trenton. The
new corporation has capital stock of Sl20 00o0oo
Among the concerns merged are the Mccormick
Harvesting Machine Company. of Chicago; the
Deerirg Harvester Company the Warder. Bushnell
& GIessner Company Champion and the Milwau-
kee Harvesting Company.
The articles Of incorporation show tAe corporators
TO be Abram NJ. Hyatt of Allenhurst. n. J.. 100
shares; George w Hebard, of No. 120 Broadway,
this city 100 shares: Roland r. Dennis OF Auburn,
n Y 100 shares; Edward NJ. F. Miller, of No %
WaIl-st this city, 100 shares Robert S Green, Of
Elizabeth. y. j, 100 shares, and Erasmus M
Crayath of No so West Fortyfourth-st., this city.
100 shares.
The objects of the company include the manu-
facture and sale of and dealing in all kinds of har-
vesting machinery, tools and implements and tools
used in the manufacture of harvesting ana aSri-
cultural machinery. The stock is divided into
a0 Oco shares of the par value of 500 each. 1t Is
provided that any future time it is decided 20
increase the capital stock, then the aNV0"" OF
original stock shall become preferred stock entilie"
to receive per cent annual dividends The new
stock shall be common stock one OF the dliec'oi9
of the corporation said yesterday:
# is well known that the prices of raw ma
teriaIs used in the manufacture of harvesting ma ma
years and although the manufactu urers have hlt9-
erto avoided an advance the price OF their pod-
nets il has become apparent from the tNlStiIIs
conditions that higher prices would soon peCoille
necessity unless the methods OF mahuIactu
large economies accomplished. Ihe inter
Harvester Company hopes that through the eAttli-
sion of its business and the important economies
which II can effect the farmers OF the Uhleo
States NAV still have the advantage OF cheap Iidt
yestfng machinery. which has been one OF the I'M
portant factors in bringing about their present Pio
porous condition. 1t Is believed that the oPeI4oS
of the company will thus result in substantial nehe-
fit both TO consumer and manufacturer. -, :.
The MANAGEMENT Of the company VIII o1 III
charge who have for years peer ldei i mr..
with the business The company VIII start WIN
ample manufacturing facilities. It has hYe luIS
equipped manufacturing plants in the nlte9
States-the largest and most complete of their kind
in the world-and plant now IN process OF cor
struction in Canada. Through its warehouses III, III
various parts of the country II Will be aple 70 1e
most economical distribution of It's n1anuIdcI-
ured products. 1t also timber lands coal
ore. blast furnace and steel properties. by means
of which il should be able TO accomplish important
economies in the cost of its raw materials
The officers OF the company as follows: Presl-
dent Cyrus II. Mccormick; chairman Of the eXecu-
tive committee. Charles Deering; chsirma hnance
committee George W Perkins; ViCe-preslderts
Harold +. Mccormick, James Deering. Nhilam II.
Jones and John ! Glcssner; secretary ana treas
urer. Richard = Howe.
The members Of the board of directors are cyrus
Deering. James Deering Z. II. Gary John j Gless-
uer Richard z. Howe. Ahram NJ. Hyatt: Nliam
II. Jones Cyrus H Mccormick Harold + Nc
Cormck. Stanley Mccormick. Eldridge NJ Fowler
George W. Perkins. Norman r. Ream, charles
Steele and Leslie d. Ward.