Omaha daily bee., 1914-08-13
HARVESTER TRUST
is GIVEN NINETY
DAYS TO DISSOLVE
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iron, steel and lumber from the Wis
consin Steel company and the Wisconsin
Lumber company, subsidiaries, which
were used to eliminate competition.
That the company used railroads under
its control TO obtain preference from con-
Meeting roads.
Origin of the Company.
The International Harvester company
was organized in New Jersey in 1902
Prior to that time. the government de-
clared. there were ten or twelve estab-
lishments competing in the manufacture
and sale of harvesting implements.
The alleged trust was formed through
the combination OF the Mccormick Har-
vesting Machine company of Illinois, the
Deering company OF Illinois. the Plano
Manufacturing company of illinois, wad-
der, Bushnell & Glessner company OF
Ohio and the Milwaukee Harvester.oorn.
pany.
The company was Incorporated in New
Jersey with a capital stock originally OF
$4,000 The control of the capital
stock was placed in the hands of three
voting trustees: Cyrus H. Mccormick,
Charles Deering and George w. Perkins,
who issued stock trust certificates to the
persons actually owning the stocks
Corporation to Take ADpeAa.,
CHICAGO, Aug. 1.-THE Harvester case
will be taken to the supreme court Of
tho United States as soon as possible, ac-
cording to- a statement made here today
by Cyrus II, Mccormick, president Of the
International Harvester company. Mr.
Mccormick said.
The adverse decision is a great disap-
pointment. AS I understood It is not
based on actual wrongs done in the con-
duct Of the business of the International
Harvester company, but on the elimina-
ton OF competition more than ten years
ago between the companies whose proper
ties were purchased by II.
The adverse opinion aoqults the COM
pany and Its officers and directors of the
charges of decentralization and unfair
and oppressive policies and practices.
1t does not sustain the charge made in
the petition OF the government but aban-
doned on tho argument. that the COM
pany had charged excessive or unfair
prices.
Aside from it's original organization
and the facts connected with it's purchase
OF competitive plants the opinion finds
nothing 20 be condemned In the history
OF the company's growth or in the man
ner or developing and carrying on its
business. The organization of the COM
pany and the purchase OF its plants were
acts done in the belief that the law was
being violated, after consultation with
coIapetent counsel OF the highest stand
ins.
The organization OF the company is
condemned by the majority OF the court
as violation of the sherman act, but
the company is not found guilty of having
violated the law In the conduct OF its
business or OF having injured its Gus
toners or it's competitors.
THE conclusion arrived at seems TO be
that the Harvester Is a good but illegal
trust Its business has been conducted
fairly ana the economies secured By its
organization have Injured TO the benefit
OF It's customers. the farmers. but never
theless a majority of the Judges hold its
existence is Illegal.
The decision Is by a divided court and
tho case viii not be ended until the SUI
preme court has said the last word. We
secured by the organisation OF the COM
pany and the methods adopted In carry
Ing on It's business will be made perma-
nent by tho final decision in the court Of
last resort. II may well be that that
court will hold the view expressed in the
dissenting opinion of Judge Sanborn."