The sun. [volume] (New York [N.Y.]) 1833-1916, 1913-11-03
WILL BE- FILED TO-DAY
To Avoid "Sham" Dissolution
as i'm the Oil and To-
baccO Cases.
PERKINS HIT IN BRIEF
Document Says He Destroyed
Competition and Intrrnched
Monopoly.

NASHINGroN. Nov 2--Peisons wao
ha," been seeking light on the policy Of
the Wilson Administration toward the dis
solltion ot industrial corporations ac-
cuscd ~ having violated the Sherman
antitrust law will hnd it in a brief which
A,torney-G;eneral McReynolds will file to-
morrow morning with the United states
District Court az St Paul in the final
argumon, ~ the suit 10 dissolve the In
,ernational Harvester Company.
In the case of the dissolution Of the
Cn,nn Pacific southern lScihc merger
the Attorney General took strong stand
aea'nst any distribution Of the southern
Pacific stock which might result in its
finding lodsnent in the hands Of large
holders Of. Union Pacific shares.
In the brief 10 he filed in the Inter
national Harvester trust case the Attor-
ney-General discloses that he Will insist
upon the strict observance of such IA dis
:r!bu,ion also In the case OF industrial
corporations.
In fact. he urges in his brief that the
oourt itself provide in its decree against
siiliary companies as occurred in the
Standard Oil and Tobacco trust dissolu.
ton cases.
seeks q Real DissOlution.
Mr.. McReynolds's opposition to the
dissolutons accepted by Mr.. Wick
Srsham when he was Attorney
General In the two latter cases has
heen known for some time. He has con-
tended that a pro rata distribution Of the
stock OF the subsidiary companies among
the stockholders OF the parent company
resulted in a dissolution that meant prac-
tically nothing and that bordered on a
sham.
In the suit against the $I40, 900. 600
Harvester company Mr.. McReynolds in
sists that the court shall order things in
such "a way AZ to bring about a dissolu-
uon in fact AS we'll as in theory. The
orief says:
In order that the plan may establish
a condition in honest harmony with the
isw It IL imperative that il shall disin-
,-gratc the business OF the principal de-
fenddnt IN such Il manner that no two
II the disntegrated parts shall he ac.
luIled by or come under the control OF
companies having common stockholders
or companies otherwise under common
control OF influence
This request by the Attorney General
8 interesting not only as rejecting his
views toward the proposed dissolution OF
he Harvester trust hut Indicating
what his attitude is likely to be in seek.
ne the dissolution of the United States
Steel Corporation.
The AttorneyGeneral in the brief to be
"lcd asks that a decree be entered at
pnce against the International Harvester
Company adjudging it to be an unlsw.
iul combination and monopoly.
DisinteRratiOn Plan.
'The continuance of the combination" I"
sas the brief should be enjoined. The
decree should then provide that unless
The defendants submit to the court a
plan for restoring bona fde competitive
conditions and bringing about a situation
harmony with the true intent and pur-
Dos. of the law within sixty days a re-
cei,e' shall he appointed to take possess
sou OF all the property and business Of
lie defendant corporations, who shall
hrug about such results under direction
pi NE court"
Among other things the Attorney
G"ucral's brief says:
I udcr the undisputed facts the forma-
ton ~ the International Harvester Com
nan, ,,s No, a rormaI and n,,,,r.I do.
"l"nn"nt or the commerce In harvesting
e ma"hnes 1t was the child OF one not
Heretofore interested in the business.
Geo're W. Perkins, banker and insur-
an'r man who stepped in at an opportune
YIN" % bring the rival manufacturers
'"s''''r
~" ana others by means or COM
n""non IN corporate form destroyed
e''np"''t"n ana intrenched monopoly.
'' organization OF the in'erhat'oha'
Harvester Company In 1909 has been