Omaha daily bee., 1910-04-22
INTERNATIONAL HARVESTER
COMPANY MAKES REPORT
EiEhry-sfx Million Donmrsf worth Of
Farm Machinery Dtsrrfbured
in One TenE.

CHICAGO. April l-rhs distribution
throughout the world or farm macninerv
and allied product agg-eEaring in value
81 n in the record Of the International
Harvester Company fur the season lag, as
shown BY its annual report Just issued
This Is an Increase az nearly % psr cent
ever the sales az 1865 which amounted to
EZzLm
That the prosperity OF this cumpHHv is
directly dependent upon the prosperity uf
the farmer is grzphiuaIlF shown by charts
ppended 10 the report giving the value "
the worlds production Of whear. corn. oaxa.
rye and harley which in IaH. reached the
enormous sum Of ~10E0a00a. an increase
NJ more than a-8AGN.a 40 over IsR Twenty
eight per cent or this amount was received
by the farmers Of the United States.
The earnings OF the company for 1873 SHOW
a fair return upun the capital invested. the
profits fur the year being 1A.&Z7M a Itrle
more than 70 per cent upon the present cap
ftaI STOCK. all OF which is fuiI paid by cash,
rsal estate and other tangible property No
stock was issued for patents or good viii
A significant item Of the compauy-s as
SETS is E7EZSS. invested in farmers and
agents notes This portion of the com
pnuv's working capital is. in effect loaned
70 fnrners and retail daalsrs- The farmers
ara thus enabled 70 buy machines for i'm
mediate use which they c1uld not purchase
wsra it not for the compauy-s puiicy Of
granting liberal terms OF credit
In addition. EzNa~ is inresred in raw
material machines in process OF mauufac-
tire and finished pr1ductz- The lar1sr ara
stored in all parts Of the world ready %
meet the varying deuands OF a trade which
- -
until the harvest is az hand
The esmpa has, during the last few
years. invested a large amount OF CAPT
tai IN improving and developing its newer
lines OF farm implements. sncs1 as wagons
manure sureaders. gasoline engines. cream
separauors. auto buggies and tractors Sales
in these lines aggregated, during the year
over 81. Ta6a and a considerable portion
az tha increased earnings hive been derived
from this soIrce.
The company retains It's place as an i'm
Burranr factor in The foreign trade NJ the
Uuired States. Its t1rsiEn business has in
creased almost 100 per cent since il be-
gan doing business. and in 1913 nsaChed the
sum OF over ESGaaR
The comuHuv's puliCv Of pruEr-shHrnE
has been Iarssly extended during the laar
year More than 80 employees are nuw
stockholders N the business. Thirrv-f1ur
thousand and ninefT-four shares Of STOCK
were subscribed for last year under a gem
srnus plan offered by the directors whereby
the employee could pay for stock in munrhlv
fnaraIImentz. and would receive. IN addi-
ion 70 the regular dividends. a special an
nual iva In addition % this distri-
button OF stock. the company mas -nnrnue
its established custom N setting aside a
certain sum. prupor1uned 10 its earnings
20 be distributed annually % employees WIN
! have rendered specially merfturinus service
The rsceuriy established pension FUND il
now EnZ ia. This fund. contributed en-
treIv by the company 10 Intended 70 mike
( permanent provision Tor employees VINO have
been long In the services and VIM should
retire from active work
The Employees Benefit association has
uuvsu a most successful department Of the
cumpanv's business Al the end Of sixteen
months Il hns 4@ member During this
period il has paid sut EZ In SICK, acct
dent and death benefits
The report states uiH- rae officers have
been given careful rtenunn to the subieGr
OF employers liability and compensation %
~e4nulnres for Industrial accidents with a
view II adopting q plan which would be
eatr both 70 the company ana its employee
} since the report was prepared this plan has
been made public and VIII be put in opera
uuu on NAY 1 nlh