Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1911-07-27

j. Townsend report and to testify con.
, corning the International Harvester
company.
Mr.. Townsend's report was exhaus.
tive, going into the entire history Of
the Harvester company involved and
in the organization of the Internation-
z; al in 1902, the transaction being d.
} rected and guided by ]. P. Morgan Il
Co. The steel committee will call at
i tention to the forming of the steel
trust the year before.
The Townsend Rencrt
i A feature Of the Townsend report
which the steel inquirels Iay ..4~ss
upon is the following:
The International Harvester COM
pony sells to the foreign trade at a
cheaper 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 are sold
to domestic purchasers from Chicago.
This makes difference of from Sc to
SIG machine
II was surprised to learn, while in
vestigating this subject that the steel
trust refunds to harvester companies
So per ton for all steel used in the
manufacture of machinery exported, |
thus giving the same result as if the |
steel had been imported, the import
duty paid, and afterwards refunded I'M
der the drawback law; indicating that
steel can be prof1tably produced in this
country and sold at the foreign price.
It justifies small difference between
the domestic and foreign prices, but it
would amount to only few cents for
each machine and in no way explains
the difference indicated above"
Mr.. Townsend detailed many other
charges Of violations.
II have learned" he said, ''of many
alleged dishonest acts Of the Interna.
tional Harvester company, such as
legislature bribery, tax lodging, etc.,
some based on apparently authentic
information, some on rumor.''
These matters he submitted to en-
able the attorney general to determine
there has been a violation OF
the antitrust law.
In my judgment" the report con-
cludes, the facts concerning the or
ganization Of the International ,Harvs.
ter company constitutes violation OF
the antitrust law.
Harvester Company Raped.
Mr.. Townsend In his report particu-
larly referred to the price paid to J. p.
Morgan & Co., in the harvester deal,
declaring that $4,000 is very high
price for the simple service of suggest
ing to people how they can agree in
legitimate transaction. !
Doubtless IL proceedings were in {
stituted against the International {
Harvester company, the manner of its
defense will demonstrate that the fees
were earned" he said
In explaining the purchase by the In
ternational of the D. M. Osborne and I
company in 1908. for 100000, the {
Aultman-Miller and company for
100000 in the same year, the Minnea-
apolis Harvester company for $780,
900 and the Keystone company for
$460,000, Investigator Townsend re.
ported:
"The manner of these purchases,
and the use made Of the property
show the purpose of the International
was made secretly, in the name OF
who held the stock in trust for it..
oanies were both operated for some
,etiting plants, the International Harv.
ter company concealing its owner
hip. Why? Was it not because they !,
we're conscious that It's disclosure j.,
would give added testimony of their :,
rust character and trust methods? !
again, the Aultman-Miller company !,
Ind the Minneapolis company were :
10Th abandoned Immediately after =
purchase and the plants dismantled :,
The purchase Of these plants could :
lave been for no other purpose than :
o destroy competition. One million, :
our hundred thousand dollars was Iex- :
pended to acquire plants which it did :,
lot intend to use but simply to des-
roy.
Bear in mind that in all Of these
transactions all patent rights were &C. 8
Iuired and still are retained by the In
irrational Harvester company" t
Mccormick 10 Silent. II
Chicago, Jnuly 26.-At the general t
ffices of the International Harvester
in Chicago, 1t was said that !,
'yrus Mccormick, president Of the :.
is in Europe. Harold F. =
1cCormick. vice president of the :.
declined to discuss the -
harges at this time. -
ured OF Kidney and Liver Trouble. o
This Is to certify that am we'll and
trong again. l was so weak and felt "
o badly that l could scarcely walk z
low am doing my own farm work, u
hanks to DR.. Shallenberger the Chi f,
DC Snocio1ist c