Morris tribune., 1913-03-14
INDEPENDENT" AGAIN
Harvester Co. Promoter Talks
Wild to Criticisms.
From Farm, Stock and Home =

| From Farm, Stock and Home -
F.. S. & H. is in receipt of the fol-
| lowing letter from South Dakota:
In the Feb. 18th issue OF F., S.
& q. appears an article under the
heading of Independent Harvester Co.
Affairs. For several weeks smooth
promoter of the Independent Har-
vester Co., assisted BY a prominent
farmer, has been canvassing this
community selling aforesaid stock at
$125. 90 per share.
The harvest of dollars has been
large, for the farmers have responded
nobly to this call to break the Inter.
national Harvester Co. Trust. and
now this article by F., S. & H.
AS the Independent Harvester agent
is still operating here took my copy
of F.. S. and H. to town with me to-
day and was lucky enough to find Mr..
Promoter and his helper in town.
| showed them your article and
asked them to explain. Their ex
1
that the International Harvester com
pany is responsible for that article and
that F., s. and H. is paid to publish
same. Another that F., S. and H,
sent some pinheaded kid to investi-
gate. and that is his write up. The
promoter says that F., S. and H. has
never had an opportunity to advertise
Independent Harvester company stock
as claimed. He says they do not sd..
vertise in any paper.
He also expressed doubt about there
being broker firm by the name Of
Dudley A. Tying & Go. or E. McNeal
& Co., both of Chicago. Also says
that if any. stock is offered on the
Chicago market it would be only now.
land then an odd share offered by some
one who has cold feet or is sore at
the company.
f. He also says the statement that
'an investigation into the affairs and
management of the company by 3
large group of stockholders is now
under way. is untrue. And conclud-
led by saying that F.. S. & q. will
mot hack mp the article. "a 1zsI4kel IN
Feb. 18th issue.
& I should be gaId to have you throw
any light that you can on this matter.
Would also like to have you tell If
lyon can if it is the old Plano plant
that they now have. Please publish
i thisrletteF together with an. answer in
F. S. & H.
/ Geo. J. FEothinger.
Ans. The international Harvester
Company never saw the article pub.
slElisbed in Es. and n. Feb. 18th.
neger reqd sted publication Of any
tters spertaining to it. and did moi
'fand never will be asked to pay one
cent for its publication. We think F.,
S. & H. is in better position tC
know whether an opportunity has evel
been given it to advertise the stock
of the Independent Harvester Com
pany than a stock salesnap. The
assertion that there are no such brok'
ers in Chicago as Dudley Tying & Co.
or E. McNeal & Co. is simply foolish.
Would F. S., & H. dare to make
letters like the ones published out o1
whole cloth? This also goes for the
assertion of the stock salesman thai
no Investigation is under way by &
group of stockholders. The origina
buildings of the Independent Har'
vester Co. was the old Plano pant, but
| several new buildings have been added
In this connection the following from
the Minneapolis Tribune. Feb 21.
shows still more smoke. Better ask
Mr.. Promoter to explain this next
time you see him.
"North Dakota bankers visiting ir
Minneapolis said yesterday that at the
meeting of the Northeast group of the
North Dakota Bankers association
{ it was agreed to ask the North Dakots
/ senate to investigate the business Of
the Independent Harvester company
for the purpose Of obtaining as much
knowledge as possible of an infant in
, dustry in which financial North Dakota
t is deeply interested.
5 The bankers say it was recently
4 brought out in some litigation thai
a the concern has issued $4,000, O0C
worth of stock, has taken notes for the
) stock and sold them at from 15 to 2C
j per cent discount. At that time in
formation was introduced regarding
$169, 900 worth of assets owned by
the company.
c. ns ~