Putnam patriot., 1913-11-07
RADICAL STEP IN
 HhnHE0iL1 ; LII
Cove fnment Asks for Complete ShaItering of Rich Company
PERKINS HIT IN BRIEF
Stock Must Not Return to connbina. ton Heiders-Disintegrate the Bust ness and Establish Honest
 Harmony.

shington-Persons who have been seeking light on the policy of the Wilson Administration toward the dissolution of industrial corporations accused of having violated the Sher. man antitrust law will find it in a brief which Attorney-General Mickey, holds filed with the United States Dis. trict Court at St. Paul in the final argument of the suit to dissolve the International Harvester Company.
 In the case of the dissolution of the Union Pacific-Southern Pacific mer ger the Attorney-General took a strong stand against any distribution of the Southern Pacific stock which might result in its finding lodgment in the hands of large holders of Union Pacific shares.
 In the brief filed in the International Harvester trust case the Attorney. General diseloses that he will insist upon the strict observance of such a distribution also in the case of in. dustrial corporations.
 In fact, he urges in his brief that the court itself provide in it's decree against such distribution of the stock of the subsidiary companies as oc. cured in the Standard Oil and To. bacco trust dissolution cases.
 MT. McReynolds opposition to the dissolutions accepted by Mir. Wick ersham when he wes Attorney, General in the two latter cases has been known for some time He has contended hat a pro rata distribution of the stock of the subsidiary com. panies among the stockholders of the parent company resulted in a dissolu- tion that meant practically nothing and that bordered on sham.
 In the suit against the $40, 900 600 Harvester company Mr. McReynolds insists that the court shall order things in such way as to bring about a dissolution in fact as well as in theory. The brief says:
 Tn order that the plan may estab- fish condition in honest harmony with the law it is imperative that 1t shall disintegrate the busness of the principal defendant in such a manner that no two of the disintegrated parts shall be acquired by or come under the control of companies having com mon stockholders or companies other. wise under common control or iH- fluence.'
 This request by the Attorney Gen eral is interesting not only as reflect ing his views toward the proposed dis solution of tl< Harvester trust, but as indicating what his attitude is likely to be in seeking the dissolution of the United States Steel Corporation.
 The Attorney General in the brief filed asks that decree be entered at once against the International liar vester Company adjudging it to be an unlawful com mbination and monopoly
 "The continuance of the combina tion," says the brief, should be en- joined. The decree should then pro vide that unless the defendants sub nit to the court a plan for restoring bona fide competitive conditions and bringing about a situation in harmony with the true intent and purpose of the law within sixty days a receiver shall be appointed to take possession of all the property and business of the defendant corporations, who shall bring about such results under diree- tion of the court"
 Among other things the Attorney Generals brief says
 Under the undisputed facts the formation of the International liar. vester Company was not normal and natural development of the commerce in harvesting machines. 1t was the child of one not heretofore interested in the business, George w Perkins, banker and insurance man. who step ped in at an opportune time to bring the rival manufacturers together
 ''He and others by means of a com. bination in corporate form destroyed competition and intrenched monoGs oly."
 Tables made a part of the bria show that in 1912 the Internationa Harvester Company did S5 per cent of the business of the United Statei in grain binders, 73 per cent in now CTS. 92 per cent in corn binders, 7s per cent. in rakes and more than 6s per cent. in binder twine.
 The Principal Owners.
 When the International company was organized in 1902 the McCormicks and Deerings owners of the two larg- est companies entering the combna- tion. received 92,42S.000 of the total capital stock, this being r per cent of the total issue.