The Mitchell capital. (Mitchell, Dakota [S.D.]) 1879-1918, 1904-11-18
ANOTHER TRUST HAS
FARMERS BY THROAT
Agricultural Implements Con.
trolled by the International
Harvester Co.
HOW COMBINE WAS MADE
Banks Were Used to Force the LAST
Dangerous Competitor Out of the
Business. and All CompetI.
ton Is Ended.

chicago. NOV. GI.-farlnllS lnliie
ment dealers and country storekeepers
throughout the west are up in arms
against the recent action of the Inter
national Harvester company in at
tempting to prevent the sale of farm
implements except those of its own
manufacture. This action is the eul-
mination OF a series of steps which
have been taken since the International
Harvester company, otherwise known
as the Farm Machinery Trust. was pro-
noted by j. Y. Morgan & Co, some
three Years ago.
Until the formation OF the trust the
farmers benefited by the keen competi-
zion between the implement manufae-
turing companies, which kept down
prices. but nov all hat is being
changed, and the situation confronts
the farmers and the country dealers OF
either accepting the terms imposed by
the trust or making AN effort To COM
bine and fight.
The same problem was presented to
farmers by the Grain Elevator Trust
when they We're confronted with a
choice of either selling their grain at
whatever price the Elevator Trust
chose to offer or of finding some other
way TO get il to market. and the other
way WAS effectually closed by the grain
,aiI,o,d men md discriminating against
indi,-;1,,al f3,53,ars, sbfDr,anfs
This situation became SO oppressive
that the farmers combined among
themselves to- build their grain
,af,ssd si6e-f ,aelE nri[ileees and Ioca-
49, 49, ha 4r".bs No fornsars vent
~ - H. 49, 80 - H. t,,ras 30 no oranoar sits
ana compelled legislation whichAgaye
them at least nonlinally equal rights
c..s a. -.,e
S~o"fPSH"cs III s"s '.ess
The Farm Machinery Trust was
FORMED py a eoiholnatloh Oh Sae I5eei-
lnS iiaINtS1tl NVilP1HS' ~ ! i5ho
naliui11 . triS y ~. ~ Ma
ouaiiileii " Nllessael cutiP.ns ~, -
M"uhee iiaIN sstei coiHp'ns allu tas
!! noN ~ oa
DnleaSo, lness MeiTe Iittall@g q ui Se
-. - qf " 200 900 ~, 80 ~, 80,
a. A-V,VVv'VoV ~ e -
n :, I'LL ~ ne i nor1 eiie ii'e'
~ ~ 80 - Nna4arn 4,.
ao 81, concarns mn ref,,sed 10 an,or
tho t,,,st IVA 80 ono of tbasa conearns
- = -. VIZ otlIt 80
az q : q "a. - ar H., pap7' -! ttt
t hl4 =" nv
Tie,.o,,ah tic ,,,i6c,fop md h.,
;,a nao,saaI 49, a. ~ 80, Nj -.
,rra,,st nhtoinaG controI Of ms n .'
Endorsed by its principal competitors,
and insisted on immediate payment and
as n result the independent concern had
the choice OF going into a receivers
hands or of acceptin& the terms Offered
and selling out to the trust. Altogether
perfectly solvent a.l having almost
$2,0O0,0 600 OF assets n ore IMAM It's liabil-
tiles, Ii could NOT Use the cash re-
CURED To pay all its floating debt at
once n so was iced TO accede TO
the trust proposluoh ana sell out. Two
Smaller competitors We're then easily
bought out.
Grastng Contract.
Then having put il elf in the position
where it was the only concern in the
United States which manufactured all
kinds of farm implements, the Interna-
tional Harvester company prepared u
contract which, if accepted by the i'm
plement dealers n storekeepers, Will
drive every other implement manufac-
turcr out of business and viii give the
International Harvester company a
monopoly OF the hundreds of millions of
dollars Snent on farm machinery nnS
implements used throughout the United
states.
Ihis 1863 contract winch every dealer
and s~torekeeper must sign or not be
allowed TO handle any of the trusts