The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1911-07-27
BY Associated Press.

Washington, July 26.-Another docu-
r,ant Of sensational interest, equal to
tba steel Plate Association agreement
rarartly produced, was laid before the
c+gnleV steel trust INVESTIGATING COM
,,fttee today. 1t was a report by Bur
Getta townsend to former Attorney
General Bonapare during the Roosevelt
sdministration on the international
Harvester Company, the so-called
trust.
statas steel Corporation allowed re-
hates Of So a ton to the harvester COM
rarv. and Mr.. Stanley declared that it
Indicated that the giant steel corpora
tion and the harvester trust were prac-
tiCaly one.
Attorney General Wickersham, sum-
roned as a witness this afternoon, tes-
tifed that he had never seen the Town
send report until today. He promised
that Townsend would testify later. He
did not know why the harvester case
was not pressed in 190S-09.
7 promised" he added, that the
case was held up pending the supreme
court decisions in the tobacco and
Standard Oil cases, involving the same
'' STILL INVESTIGATING.
Commissioner of Corporations Smith
said his department had been tnvestt-
eating the International Harvester
trust for several years and still had
men in the field in that work.
-Four Of the six men on the board 70
the International Harvester Company
are on the board of the Steel Corpora
ton are they not?" asked Chairman
Stanley.
"I think they appear as such in the
records" said the commissioner.
United States Senator Kenyon of
Iowa. former assistant attorney general,
said he recalled the Townsend investi-
cation of the International Harvester
Company.
Chairman Stanley, of the investi-
gators said he had evidence tending tC
show that the harvester company and
steel corporation are practically one"
The Townsend report" he added
charges that the steel corporation
gave the harvester company rebates o.
So ton" \
Senator Kenyon, amid objections by
Republican members of the committee
spoke up. saying:
Il wish to say that I always favored
Prosecutions in trust cases when evi.
edence was conclusive. When evidence
vas not conclusive, I favored further
investigation."
ASKED IL lie bCllCNCu LilS Wv AIs'SAiN
re0o-t was conclusive, Mr.. Kenyon sait
that he felt there should be some fur
ther Investigation made.
5000 FOR A SUGGESTION.
Mr.. Townsend, in his report, par
ticularly referred to the price paid t.
J. P Morgan & Co. in the harvester
deal. declaring that $4,000 is a very
high price for the simple service o.
suggesting to people how they car
agree in a legitimate transa action.
In explaining thefpurchase by the In
ternatonal of the u. NJ. Osborne & Co.
In 1903 for S4.00O,000, the Aultman
Miller & Co. for 100000 in the same
year, the Minneapolis Harvester Com
panv for $500 900 and the Keystone
Company for s460000, investigator
Townsend reported:
The manner Of these purchases anc
tha use made of the property show the
purpose Of the International Harvester
Company. Each of the purchases was
made secretly in the name of its di-
ractors or stockholders who held the
stock in trust for It. The Osborne anc
Keystone companies were operated fol
tine. ostensibly as independent com.
peting plants; the International Har-
rester Company concealed its owner
ship. Why? Was it not because they
were conscious that its disclosure
would give added testimony of theil
trust character and their trust
Methods?
Again. the Tultman- Miller & Co
and the Minnepalosi Company were
10th abandoned Immediately after the
1'rchase and the plants dismantled
The purchase of these plants coulc
Rave heen for no other purpose thar
10 destroy competition"
PEPOPT MADE IN 1903
representative Stanley introduced
INTO the proceedings a voluminous re-
Continued on Page Eighty