The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1909-04-20

COMPANY
SHOWS BIG
EARNINGS

|
Chicago AZ. April 2oThe report
Of the international Harvester com.
pany Cor 1905, made public today. Is.
strong evidence Or the proaperisy en-.
.iosea ag the agricultural interests Of.
the country during 4 year q gpneral.
business depression, AZ the report
shows, she salos % ihe Harvester
company drring that period were re-
duced but D tribe over 4 per cent
tempered with The previous year, the
total sales "a 1908 being g72.54I I'll.
as compared With sT8 2eG.8g0 h4 1901
Earnings.
Notwithstanding the reduction III
tlN volume Of business, the nc9 paO9ts.
show @ slight increase over lust
year, the earnings IN 1908 being
$S, SS5,6S2. az against 9SO8O,h 57 ia
1897, This IS s. little more than 4
per cent. on The total paid ~ capitul
The earnings were maintained largely
through careful economies IN manu-.
faeture aud distribution, and by ma,
terial %lessening '0f interest charges.
without any reduction III the WAGES
of the employees IN fact the average
Of wages being larger hi 1908 Than IN
IN prior var.
Financial Statement.
The %annnoial statement emphasizes
the ability and conservatism with
which the compang's affairs are man.
aged After providing for the dlyi.
dend Oh the preferred stock, the sur.
plus for the year was s4685.8s2.
During the year the company re-.
dnced It's current liabilities from s1g,
509.412 ~ sis,0G6. 0E2.--a net reduction
Of sb.44a. 800. II has continued its es-
tabliahed policy Of liberal expendi-
lures for experimental aud develop.
ment purposes. repairs and mainte.
nance. II expended et.e39. S44 for
plant maintenance and repairs. and
s7fS,b57 for experiments. patents, etc,
to increase the eiiesaaey aud duras
bility Of the Implements manufaes
tured.
Farmer Credits.
The report indicates the very large
working capital required III the man
uHacture Of agricultural implements
aud similar appliances. and the liberal
Terms OF credit extended to farmers.
or this total nhsets on December II.
1908, s9G3ti,s3O we're III farmers and
laenta' notes and accounts, and SAL.
6s7.O6e ~ raw materials. aEiahed pro.
ducts, etc.
Welfare Work ard Pensions.
The welfare work al its different
factories haa been continued and en-
largod by The company for the purpose
Of improving the mental and physical
wen belne of its employees.
Many improvements have been
made IN sanitation and ventilation at
ihe factories. aud the machinery IS
being constantly safeguarded Is avoid
accidents Opportunities for lnslrue.
tlon III practical mathematics, machan.
zeal drawing and other useful techni.
eal subjects are AFFORDED TO che em.
1loyees. Ntst rooms are provided at
he planta where Wamcn are employed.
The expenditures Cor thsee purposes
turing ne year were S4s.750. Besides
an appropriation Of 9250.90 MS a M.
eleug faf ats employees pension fund.
The employees Benefit Association.
orgNrized September i. 1908. on very
liberal teH9nai proved M immediate
s%acoe8s more than 7G per cent. Of
Ehe ahop employees having %f0luntafr
IL ialhed the association within 90
days after Is nreaniailosn. The com,
nanyA eonieihHtioa to this association
amounts 10 100000.
Anti Trust Proceedings.
in fefvfring io antitrust pr1ceed.
ings tho teport sags.
There seems 10 be o general
ohgnge ir sentiment upon the TRUST
question II favor of dealinE with the
large corporations according 10 their
conduct ami methods FATHER than BY
attempting 10 destroy them lndirlrlm-
mately betaase 0f their size. The
company has invited the fullest eS.
SANITATION Of tss business meth8do anu
Us treatment of competitors. agents
ind customers, III the litigation ii
KANSAS nnd Mlssohfi and III the IN
Fesllgati0u by the hureau of oorpur.
atlona. a iail and crank disclosure haB
heon madc % ail the farts connected
with its organization and business,
and all its records have been open to
Inspections ST Is believed that full
publicity ID Tho corporate AFFAIRS, fair.
neaa toward competitors and agents,
aud the selling Of It's goods absolutely
upon their merits and at reasonable
pfices. constitute tho Wisest and most
successful business policy and this Is
thn policy that has been and Is an.
forced upon eyeae officer and agent
~ every branch ff ne busineass
e4t 49, A-