Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1912-09-17
JONES TELLS Of SALE
To HAR!y!![es TRUST
i ,s " II Of Plano Company
usS IS Testimony in Fed
eral Suit.
GETS SUMMONS FROM GARY
Appears in New York and Meets
George W. Perkins.
TAKES STOCK IN NEW FIRM
Voting Power Of Shares Held by
Three Trustees.
CLARENSE FUNK ON THE STAND
Asserts Trust Owns All stock In
Four Companies and Buys
rAA
Appears in New York and Meets
George W. Perkins.
TAKES STOCK IN NEW FIRM
Voting Power Of Shares Held by
Three Trustees.
CLARENSE FUNK ON THE STAND
Asserts Trust Owns All Stock In
Four Companies and Buys
Products of other Plants
at Fixed Prices.

CHICAGO, Sept. 1s.--William H. Jones
of Foster, Cal, one of the vice presidents
of the International Harvester company,
testified today in the governments suit
for the dissolution of that corporation
under the Sherman antitrust law, thai
Id July, 1902, he went to New York ir
response to a telegram from President
Elbert H. Gary Of the steel corporation
and in consequence Of that visit the
Plano Manufacturing company was sold
to the harvester company. .
That was the year In which, the gov
ernment charges, the harvester company
formed a trust in restraint Of trade. Mr.
Jones was president Of the Plano COM
pany. capitalized at s500.0O0
His testimony was taken before Spe.
cial Examiner Robert S. Taylor, with
Edwin P. Grosvenor. special assistant
to the attorney general, appearing for
the government.
Talks to Perkins.
when received Mr.. Gary's telegram,
said Mr. Jones, II went to New York.
He took me to the office Of ]. P. Morgan
& Co., where he introduced me to George
w. Perkins. Mr.. Perkins asked me
whether l wanted to sell out. l told him
owuld on fair basis. didn't then
know to whom he wished me to sell, but
at the end of the month. after seeing Mr.
Perkins about fifteen times, was told
to whom, and I agreed to accept stock
in the new company for the Plano conf
pany. ! knew Mr. Perkins was trying
to get other companies. He said he al
ready had an option on Milwaukee
plant"
why did YOU sell to one Lane instead
Of to the new company asked Mr.
Grosvenor.
THAT was matter the lawyers ar"
ranged"
did you ever attend any Of the stock
holders meetings Of the Harvester COM
pany?'..,
y. My-stock was held for ten. years by
Mr.. Perkins. Charles Deering and Cyrus
H. Mccormick. the voting trustees"
Clarence Funk Testifies.
Clarence g. Funk, general manager OF
the Harvester company, testified the
company owned all the stock In the fol-
lowing companies;
International Flax Twine company, st.
Paul.
Wisconsin Steel company, of which H.
r. Perkins, the president, Is also a. div.-
sion manager In the Harvester COM
pany.
Wisconsin Lumber company, of which
H. F. Perkins is president
Illinois railroad company, Of which M
F. Montgomery, the president, Is head
fthe traffic department OF the Har-
yester company.
Mr.. Funk declared the Harvester COM
pany bought the product Of plants of COM
panies other than those in which It held
stock He said he often was called upon
to act as umpire to determine the prices
at which the International Harvester
company of America, the selling company,
was to pay for the products OF the Inter
national Harvester company Of New
Jersey, the producing company.
"It is true that the New Jersey com.
pany sells to the American company at
prices at which the American company