Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1911-07-26
Townsend Report j. Presented.

Washington, July 26.-That charges
were made to former Attorney Genera!
BOnaparte during his term in Office.
that the United States Steel Corpora :
ton gave refunds Of S3 81 ton to the
harvester combine companies, was re-
| vealed today to the house steel
| trust investigating committee.
Representative Stanley, of Kentucky,
chairman of the committee, introduced
into the proceedings a volurninous re-
port on the harvester trust made to
Mr. Bonapar in 1903 by Burdette G.
Townsend special investigator of the
department. now assistant district at
torney Of Oregon.
MIR. Stanley announced that a sub
poena had been issued for Mr.. Bona
parte. who is now in Canada, and tina.
| an effort would be made to ascertain
from him and from other government
officials why there never was any
vester Company upon Townsend's s
charges.
Attorney General Wickersham was
suhpoenead to appear before the COM
mittee late today to identify the Town
send report and to testify concerning
the international Harvester Company.
Intimacy Of Corporation.
Mr.. Stanley also announced his in
tention of endeavoring to show q close
connection between the United States
Steel Corporation and the Information
al Harvester Company. and as a basis
for future inquiry he had read into the
record the names of the directors of
both corporations. the same being iden-
teal in many instances.
a feature of the Townsend report
which the steel inQuirers lay stress
upon Is as follows:
"The International Harvester Com
pany sells to the foreign trade at u
cheaner price than the domestic trade
| 1t sells machines of all kinds for ex-
port delivered at New York at the
| same price for which they sold to do
| nestle purchasers f. o. b.. Chjra 20.
This makes q difference of from SO to
SO machine"
MORGAN Services Como Ri-h.
Mr. Townsend in his rero~t rarticr-
1arv referred to the price paid to J.
p. Morgan g. Connanv in the harves-
! + er deal. declaring that 81 600 900 is n
very high price for the simple service
Of suggesting to peop'e how they can
agree in legitimate transaction
"Doubtless if PROCEEDINGS were instf-
| tuted AGAINST the Int International Har-
vester Company the manner Of it's de-
Fense will demonstrate that the fee
was earned" he said
In exolaining the purchase by the
| International Of the D. NJ. Osborne &,
COMPANY in 1909 for 81 600 900. the
Autinan- Miller & Companv for s700-
600 in the same year. the Minneapolis
Harvester Companv for 100000. and
thc Ecv:.one Co,uany for, si6O.0OO,
Investigate Townsend reported:
'"rhe manner OF these purchases and
the use made of the property shows
he purpose of the International Corn
panv. Each of the purchases was made
secretly in the name Of some OF it's di-
rectors or stockholders. who held the
stock in trust for It, The Osborne and
keystone companies We're both operat-
ed for some time. ostensihlv as indie
pendent competing plants. the Interna-
tional Harvester Compnnv concealing
it's ownership Why? Was not it be-
cause they were conscious that Its dis
closure would give added testimony to
their trust character and trust meth.
DDS?
Crushed Out Competition,
again the Aultnan Miller Com
rany and the Minneapolis company
were both abandoned Immediately ar
ter purchase and the plants dis
mantled The purchase OF these plants
could have been for no other purpose
than to destroy competition. One
million four hundred thousand was ex-
pended to acquire plants which it did