New-York tribune., 1910-09-07
HARVESTER CO. 4 TRUST
International of New Jersey
Formed to DESTROY Competition.
SAYS MISSOURI OFFICIAL
G.. w. Perkins, G. II. MeCo emiek
and G. Deering Control Mower
and EinGer Business.

jefferson Citv NO. Sept. Special - ON
missioner Theodore Brace, in his repo te
the Supreme Court in the custer suit, dleo
to-day declared the International I22tF
vester Company Of New Jersey a rust -a11d
a, com bnation formed for the purpose 1id
with the effect of destroying competition III
the manufacture and sale Of harvestii II
machinery
The International Harvester Company &C
America is declared to be used merely as =
selling agent by the New Jersey company
in evasion OF the Missouri laws, which pro
hibiI the licensing Of the New Jersey con-
Germ by reason of its. enormous capital of
sl2u,0g0.C00
The subsidiary corporation. according to
Commissioner Brace, once had capital and
now has none. Its existence as q separate
corporate entity is a mere fiction to evade
the laws OF states whose policy is not 20
encourage such vast accumulation of
wealth and power in the hands of a few
as may injure the welfare and prosperity of
the many
The Commissioner found that the Nc
Cornick Harvester Company. the Deering
Harvesting Machine Company Warder.
Bushnell. GIessner & Co. the Plano Manu-
featuring Company. D. VI. Osborne & Co.
Company, the latter being a respondent,
were in active competition prior to 1a02.
In June, 1892 Cyrus H. Mccormick sought
the aid of George ". Perkins. OF J. P.
Morgan & Co. of New York, in relieving
competitive conditions from the manu-
facturers point of view According 10 the
findings. Mr.. Perkins soon perfected a plan
whereby the Mccormick company and
other named companies. except the Mil
waukee company, ostensibly sold their
properties 10 William c. Lane. Lane, the
found. pretended TO sell them
to the International Harvester Company.
The original companies received stock in
the new company The officers of the orig
inal companies. except the Milwaukee
Harvesting Machine Company, signed
practically identical contracts at the same
time in the office of the attorney of ]. P.
Morgan & 60. Morgan & 20. had previous
" purchased the Milwaukee, company.
Lane. the OsJensible purchaser of the orig
inal companies. the commissioner found,
was a fgurehead- The new comp any was
by former officers Of the old
as was the international Har-
vester Company of America.
The whole stock OF the New Jersey >cor-
poration was transferred to voting trust
of George w Perkins. Cyrus Il.
Mccormick and Charles Deering who now
have control until 1912. The commissioner ,
found that these men practically control
the mower and binder business. and have
potential control of other lines OF harvest
ing machinery in the United States
The so-called trust" the report says.
soon acquired the D. NJ Osborne Company, /
and operated it as an independent concern
for two years. Other companies acquired in !
1893 are the Columbia Cordage Company I
the Mexican Sissal Company, the Illinois
Northern Railroad Company. the Aultman- /
Miller Company, the Minnie Company and J
the Keystone Company. the last three
being manufacturers of harvesting ma /
chinery. In 1904 it acquired the Weber |
Wagon Company and patents of the Betten-