The sun. [volume] (New York [N.Y.]) 1916-1920, 1918-08-06
THREE TRUST SUITS
WON'T Be DROPPED
g. s. Steel, Reading and Corn
Products Cases to Be Fought
Out in Courts.
IF GOVERNMENT INSISTS
Harvester Settlement Does Not
Affect Other Concerns,
1t Is Said.
If GOVERNMENT INSISTS

International Harvester's deslre ;,
clear the decks so as to be able to vi,
In the business competition that Is A..
pected after the war was responsible n.
the settlement Of the antitrust suit. ar.
cording to a statement yesterday by m.
Of the concerns largest stockholders A,
the same time the business Of the H,-.
vester companies both here and In Can.
ada this authority described as "co,o,.
SAL
Executives Of the United States S,.s,
Corporation. the Reading Company and
the Corn Products Refining COMPANY
who could be seen declared YESTERDAY
that there was neither intention nor
prospect OF a settlement Of those su,,s
They pointed out that Harvester lost II,
suit in the lower court. whereas IN.
three companies won theirs and tina,
there Is no reason for a settlement q,
those cases. ''If there Ia any settlement
OF the Steel suit" said an executive
the Initiative will have to come from
the Government" At the same time ths
wires to Chicago were kept busy to ac-
certain the real reason for the Harvest.,
settlement
According to the Harvester stock
holder the competition to be met after
the war will be great and the company
will need its every resource to contest
this competition. The step Just taken
he said, is a measure of preparation
and removes a restriction that would
have hampered the company's efforts II
reconstruct its business in Russia Il
is true. according to this man. that the
company has abandoned voluntarily 4
legal position which IL expected couln
be maintained successfully before tho
Supreme Court. but the litigation would
have taken a year or two OF vital time
which the company can use to better
advantage in extending its business
Other leading stockholders acquiesced
yesterday in the point of view that the
settlement with the Government will Ia
of immense advantage to the Harvester
company, which gains more than 1t lose,
thereby. They forecast favorable vote
by the stockholders, when they meet IN
special session on September 10 to ratltv
the plan to reunite the two corporations
and combine the stock issues
Contrary to general impression Inter.
national Harvester now has real equity
in property in Russia. which neverth..
less, will need a great deal O, fresh cant
tai for reconstruction. Not less tina,
Sis 900 600 has been written off hv the
Harvester CORPORATION for losses in tina,
country. wipinp ont tho damage IN u,
full extent without allowance for SALVAGE
when some form OF stable eoverrrra,.
makes its appearance in Russi. Ona
Of n @ nurposes ~ this se.tIement Ia "a
have a free hand to nusb the recone,-,s,
| ton to n sneedv conclusion
There were renorts c,,rren+ ,,os.o-a,r
| that the international Iaryost. -
panv is short of cash and ,h,t ,ba w..
| Finance Cornorat;on and 80
would no, finance tho con,nan,, 90 r,r,
as tho dissolution sui, uog rondi,o
director oS tho Now Jersev ronona,,,. A.,
MED these renorts saving +bat w. ,,o,r.
pany's cash nosition is az good ,a,. a..
! il was at the close o. tho ya,- f., al.
dition the sale NJ tte "Oshorne " .., :.
| vaukee" and "Cbaunio,,, tr,d, ,,,,,.,,
| 90 500