Kingsbury County independent. (DeSmet, Kingsbury County, S.D.) 1894-1929, 1911-09-29
HARVESTER TRUST
TO COMPLY WITH
iRULINC OF COURT
Giant Combine Plans to Reor.
ganiZe to Meet Demands
of High Tribunal.

Washington, Sept. 21.-That the gov.
eminent is ready to permit the Inter
national Harvester mpa volun-
tarily TO readjust its organization to
conform to recent interpretations Of the
Sherman law, became known today.
Pending the result OF q conference be-
tween Attorney General Wickersham
n attorneys for the company. the
threatened dissolution suit is being de-
iayed.
Negotiations looking TO an under
standing between the government and
the company. which were begun In
Washington last summer by Edgar A.
Bancroft, general counsel for the Har-
vester company, later We're continued
at C~edarhurst, L.. l.. where Attorney
General Wickersham has been spend
ing the summer They reached the
stage, it is said, where it will be neces-
sary for Mr.. Bancroft to refer the
question Of reorganization to the COM
pany's board of directors.
Rumors Of Prosecution.
Financial circles have heard per-
sistent reports that the government
was ready to bring an antitrust suit
against the company. Some papers
necessary for court proceedings were
prepared. The understanding here Is
that the government at no time has
been inclined to precipitate a suit, so
long as the company showed a dis
position to meet the demands of fed
eral authorities.
The attitude OF the board of direc-
tors OF the Harvester company Is ex-
partment of justice in about g month
The next regular meeting of the board
is scheduled to be held on October II.
The negotiations which Attorney
General Wickersham has been carrying
on with officials Of the Harvester com
pany do not constitute an entirely
new departure In federal regulation OF
corporations. In the case of the cleo
trical trust and that OF the Southern
Wholesale Grocers' association. the
corporations recently were permitted
to agree to the governments demands.
These agreements were put In the form
Of DEGREES which will be submitted to
the United States courts for approval.
IT is not known definitely that the
Harvester company will be able to
follow the course of the electrical
trust. or the Southern Wholesale
Grocers' organization, as opposition
may develop in the board of directors.
Four New Corporations.
Details Of the negotiations between
Messrs. Wickersham and Bancroft
" iIOk DtEIl GU L btGoillS pun
lie, although it is known that as one
condition to nonprosecution the gov
eminent insists on the business of the
trust being separated into the four
corporations which first composed IT.
They were the Mccormick Harvester
Machine company. the Deering Har-
yester company, the Milwaukee Har-
vester company and the Plano Manu-
featuring company.
These -four companies were the first
to be acquired by the international
Harvester company when it was
formed in New Jersey in 1902, and
capitalized at $3.50, 000, 900. Of which
5000 0 900 was paid in cash. The
other $50, 000. 900 of stock was issued
for real estate plants and physica,
inventories.
Chicago, Sept. 2O.-At the Offices OF
the international Harvester company
in Chicago, no official was found who
would discuss the report that the cor
poration was considering plans for a
reorganization. Tt was said that Cyrus
S. Mccormick and H. H. Mccormick
are in Europe, M that Clarence S.
Funk, general manager, and Edgar A.