The Paducah evening sun. [volume] (Paducah, Ky.) 1906-1929, 1907-08-15
HARVESTER TRUST
NEXT ON CARPET
Department of Justice Will
Proceed at Once with yigor.
History of Concern and First Com
plant Entered by United
states senator.
WHAT GOVERNMENT CLAIMS

Washington, d. c., Aug. 15.-It Is
now the harvest trust which Is to be
placed upon the legal grill by the lie
partment OF justice.
The fact was made public today
that Attorney General Bonaparte, at.
ter months OF consideration, has ar
rived at the conclusion that the In
ternatlonal Harvester company be-
longs TO the class of bad" trusts.
that n is a combination IN restraint
Of trade, and that II Is the duy of
the government to institute proceed
ings for its dissolution without de-
lay II is likely that the govern
meut's bill will include a petition for
the appointment of receiver in case
the allegations as to violation OF the
antitrust law are sustained.
The decision Of the attorney gen
era Is a direct result of the practi-
ca s. duas Investigation concluded By
agents OF the department of justice
and by Commissioner Herbert Knox
Smith of the bureau OF corporations.
M has been established to the salts
faction of the authorities that the
international Harvester company
controls more than 20 per cent. OF
the output of agricultural nipple
ments, harvester machines. etc; that
f. contains all the clements of a mo-
nopoly-patent rights. trade marks,
ownership Of plants. acquisition OF
plants which are or may develop in
to competitors. etc.
Company Formed in 1902.
The company has been in exist
ence on,y i've years. having been in
corporated under New Jersey laws In
August. 1902. It was formed by the
Of the Mccormick Har-
vesting Machine company, the Deer
ing Harvester company. Plano Man
company. Milwaukee Har-
yesting company, and the Warbler.
Bushnell ana Glessner company. At
the time the consolidation occurred
The company issued the following
The company IS capitalized upon
an exceptionally conservative basis.
or its assets $S0.OOO,0O0 are IN cash
working capital. The company will
require no financing ana there will
be no offer Of IT'S stock to the public.
an the cash required having been
provided by It's stockholders.
"The company has five fully equip
ped manufacturing plants in the
United states. the largest and most
complete OF their kind in the world,
and one plant now in process OF con
struction in Canada. Through its
in various parts of the
country it viii be able to make a
most economical distribution of its
products. 1t also owns
timber lands. coal, ore. blast fur
naces and steel properties. by means
Of which 1t should be able to accom-
plish important economies in the cost
of raw material"
About a year after its incorpora-
ton the company acquired control OF
the Aultman-Miller company o. Ak-
ron. Ohio. Later it secured posses
sion OF the Mesba ore properties or
the Deering Harvester company.
While capitalization is fixed at $12O.-
O0O, 900. estimates OF the value OF its
put 1t at less than one
fourths OF this sum.
Charges Made by senator.
Charges originally were made
against the harvester company by
Senator Hansbrough of North Dako-
Ia, who last summer made an inves-
tigation in the farming regious or
the northwest as to the practices OF
the combination. Senator Hans
brough Induced the senate to adopt
a resolution directing sweeping
governmental inquiry. his stated pur-
pose being to relieve the farmers
from the grinding extortlon" of the
combination. He declared the trust
controls not only the output and
price but is selling inferior machin-
cry"
There is reason to believe the evi-
lonce gathered by two governmental
sustained Senator Hans
brough in the Judgment of the au-