The Birmingham age-herald., 1913-06-20
Not Given Immunity From
Prosecution Under Testi-
inony Given
QUESTIONED AS TO
FOREIGN SALES
Tells of Uniting Harvester Companies
to Further Trade in Europe.
Plan of Consolidation
Explained


Perkins, former partner of the late J.
2. Morgan, took the witness stand for
the defense in the International Har-
yester company antitrust hearing to-
venor, representing the government,
that conditions under which he testified
did not give him immunity from pos
sible prosecution
"You have been subpoenaed by Edgar
A. Bancroft of the International Har-
vester company" said Attorney Gros-
venor. Both are defendants in this
suit Out of 1900 witnesses you are the
first to be sub poenaed. In view of this
state of affairs | wish to inform you
that your testimony here does not give
you immunity from any further prose-
cution.'
I'm reply l will say that | was very
much surprised that | was not sub
poenaed by the government of its own
volition,' said Mr.. Perkins.
but you recognize that your testi-
mony here is of your own volition and
entities you to no mmunity%' persist
ed the government attorney.
Very DiscOurteous
Il recognize that the government
has been very. discourteous to me thus
far responded the witness warmly.
and Attorney MacHugh of the defense
began direct examination. Witness said
he was born in Chicago, that he had
lived in the west enough to familiar
ize himself with it, had observed agri-
cultural conditions in this country and
in Europe. He said he had observed
that we We're vastly in advance of Eu-
ropean methods.
did you ever discuss this question
with any officials OF the International
Harvester company asked Attorney
Mac Hugh
Yes. In June. 1902, | had a talk
with Mr.. CYRUS Mccormick as to the
possibilities OF the European field for
the sale of machinery and also as to
the possibility OF financing the har-
vester company in connection with
pushing its sales in this field The pos
sibility of developing the harvester
business in Asia as we'll as in Europe
think also was in my mind at that
time"
NlOTSdH DdCh Vi IuTCudSe
Asked who arranged the Milwaukee
harvester purchase. he replied:
"Mr. Morgan was back of this bur
chase, and he alone. Neither Mr. Cyrus
Mccormick nor any OF the Mccormick S
had anything to do with it, except to
advance as a temporary loan TO Mr.
Morgan the 100000 which was used
in the purchase of the option"
Questioning returned to foreign sales.
Mr. Perkins said
Il was dealing in big things IN New
York. and ! did not believe that the going
into foreign fields with the Mccormick
concern alone was big enough PROPOSE
ton to be worth my while. 1t was then
that the idea of getting all the harvester
companies together came to me. / went
among the different large companies and
of foreign selling was enthusiastically
received"
Gave Company Name
"Who named the International Harves-
ter company
II did
II wish you would tell why this name
was chosen
This name was direct outgrowth of
our intention of developing an interna-
tonal business. My experience in the
New York Life Insurance company had
been that our agents abroad had found
that If they were able to call their firm an
international life insurance company, the
international carried more weight than
New York This determined our choice
of the word international Harvester
company"
There was provision for three voting
trustees. Why was that made?"
ITO make it so / could carry out the
plan for the things / had In mind, and
i