The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-06-20
Government Attorney Warns
Witness When He Takes the
Stand in Behalf of Inter-
national Harvester Co.
MAGNATE RELATES
HISTORY OF TRUST
Company Organized on a
Strictly Cash Basis and
There Was No Water in
Stock.

CHICAGO, June 19.-George W. Per
kins, former partner of the late j. p,
Morgan, took the witness stand for
the defense in the International Har
vester company antitrust hearing to-
day. Before tcstifying he was warned
by Attorney Grosvenor, representing
the government, that conditions under
which he testified did not give him i'm
munity from further prosecution.
"You have been subpoenaed by Ed
gar A. Bancroft of the International
Harvester company said Attorney
Grosevenor. "Both are defendants in
this suit. Out of 1900 witnesses you
are the first to be subpoenaed. In
view of this state of affairs, I wish to
inform you that your testimony here
does not give you immunity from any
further prosecution.
"In reply, will say that l was very
much surprised that 7 was not sub
poenaed by the government Of its own
volition," said Mr.. Perkins.
'But you recognize that your testi-
mony hero Is Of your own volition, and
entities you to no immunity" per-
sisted the government lawyer.
81 recognize that tho government
has been very discourteous to mo thus
far" responded the witness warmly,
and Attorney McHugh of the defense
began direct examination.
Born in Chicago.
Mr.. Perkins said he was born in Chi
cago.
fYou have lived some Of your life
| in the west7"
"Enough to familiarize myself with
| it. ] have Travelled much through the
| west in connection with the New York
| Life Insurance company"
"You observed in your travels some
thing Of agricultural conditions in this
countryf"
eyes, I did make such observa-
tions. +"
"Later you travelled in, EuropeT'
| "Yes.'
uAnd YOU observed the difference in
agricultural methods in this country
and those abroad7'
"Yes, did. We were vastly IN ad'
vance Of European methods
"Did you ever discuss this question
with any officials of the international
Harvester company"
Talk With Mccormick.
ayes. In June, 1902, had talk
with Mr.. Cyrus Mccormick as to the
possibilities Of the European field for
the sale of Harvester machinery, and
also as to the possibility Of financing
the Harvester company in connection
with pushing it's sales in this field
The possibility Of developing the har'
vester business in Asia as we'll as IN
Europe, I think, also developed in my
mind at that time.
! Questions here changed to the NIL
waukee Harvester purchase.
"Who was back Of this purchaser
nMr. Morgan was back of this pur
chase, and he alone. Neither Mr.. "
rus McC0TmlcK HoT amy VI tpo f"N
Cormicks had anything to do with it
except to advance as temporary loar
to Mr.. Morgan the 100000 which was
used in the purchase Of the option Oh
the eale of the company"
Questioning again changed to the
discussion of foreign sales
S'I was dealing i'll big things in New
York, and I did not believe that tht
going into foreign fields with the Nc
Cormick concern alone was big enougl
nroposition to be worth my while. j.
was then that the IDEA Of getting al
the harvester companies together came
to me. ] went among the different
large companies and my plan for
consolidation in tho matter OF foreign
selling was enthusiastically received ,
Named the Company.
"Who named tho International Ear
vester company9'
"I did. :"
"I wish you would tell why thu
name was chosen. -,
UThis name was direct outRrowtl
of our intention Of developing an IN
: ternational business. NY experience il
y tho New York Life Insurance compan,
], had been that our agents abroad ha!
o found that if they were able to ca!
y their firm an international life insur
anco' company tho International car
\ riod more weight thar New York,