New-York tribune., 1913-06-20
PERKINS SHOWS ANGER
At HARVESTER HEARING
Says Government Has Been Dis
courteous When Told He Is
Entitled to No Immunity.
TELLS OF FORMING TRUST
Financier Didn't Believe That
Entering Foreign Field with
Mccormick Concern Was
Worth His While.

Chicago. June 19.--When George W.
Perkins, former partner Of the late j. +.
Morgan. took the witness stand for the
defence in the international Harvester
Company antitrust hearing to-day he
was warned by Edwin p. Grosvenor, spe-
cial assistant attorney of the Department
of Justice. that conditions under when
he testified did not give him immunity
from possible prosecution.
"You have been subpenaed by Edgar
A. Bancroft. Of the International Harves-
ter Company" said Attorney Grosvenor.
Both are defendants in this suit out
of twelve hundred witnesses YOU are the
first to be subpenaed. In view Of this
state Of affairs / wish 10 inform you that
your testimony here does not give you
immunity from any fu-Ther prosecution"
"In reply / will say that l was very
much surprised that ! was not subppnaed
by the government OF it's own volition,'
said Mr. Perkins
But you recognize that your testi-
mony here is Of your own volition and
entities you to no immunity persisted
the government lawyer.
81 recognize that the government has
been very dscourteous 10 me thus far,
responded the witness, warmly, and Mr..
McHugh. Of the defence, began the direct
examination. The witness said he was
born in Chicago. that he had lived in the
West long enough to famiiarize himself
with II and had observed agricultural con-
ditions in this country and Europe. He
said he had observed that We were vastly
In advance Of European methods.
Had Talked with Mccormick.
Did you ever discuss this question
with any officials Of the International
Harvester Company" asked Mr.. Nc
Hugh.
Yes; in June. 1902. | had a talk with
cyrus Mccormick as TO the possibilities
Of the European field for the sale OF har-
yester machinery and also as TO the pos
sibility Of financing the harvester COM
pany in connection with pushing its sales
in this field. The possibility OF develop
ing the harvester business in Asia, as
well as in Europe | think. also developed
IN my mind a that time"
Asked who arranged the Milwaukee
harvester purchase. he replied:
Mr. Morgan was back Of this pur-
chase, and he alone Neither cyrus Nc
Cormick nor any Of the McCormicks had
anything TO do with II except 10 advance
as a temporary loan 10 Mr. Morgan the
10000 which was used in the purchase
OF the option on the sale of the COM
pany."
Questioning then returned TO foreign
sales Mr. Perkins said:
Il was dealing in big things in New
York, and I did not believe that the
going into foreign fields with the Nc
Cormick concern alone was a big enough
proposition 10 be worth my while IL was
then that the idea Of getting all the har-
yester companies together came 10 me.
went among the different large COM
panies and my plan for a consolidation in
the matter OF foreign selling was enthu-
siastically received
Who named the International Harves-
ter Company
II did"
II wish YOU would tell why this name
was chosen"
Tells Of Choice Of Name.
This name was A direct outgrowth Of
our intention OF developing an interna-
tional business. Ny experience in the
New York Life Insurance Company had
been that our agents abroad had found
that II they were able 10 call their firm
an international life insurance" company
the international carried more weight
than New York This determined our
choice Of the word international in the
harvester COMPANY
There was provision for three vot-
ing trustees. Why was that made?'
To make certain | could carry out the
plan Of the things l had in mind and
which have related. The directors were
chosen by myself with the same end in
view"
why did you acquire the Osborne
plant and who acquired it,
Il did. personally. II was so located as
20 make a good point for distribution to
foreign markets"
You were in very close relation with
Mr.. Morgan?'
''Yes. sir. was in close touch with him
on all points of the business"
Did you ever know Cyrus Mccormick
and Mr.. Swift. an attorney. TO visit Mr.
Morgan
NO. sir: never And II they had l
Before I ~, -