OCR Interpretation


The day book. (Chicago, Ill.) 1911-1917, April 30, 1912, Image 6

Image and text provided by University of Illinois at Urbana-Champaign Library, Urbana, IL

Persistent link: http://chroniclingamerica.loc.gov/lccn/sn83045487/1912-04-30/ed-1/seq-6/

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sion, the board of local improve
ments and the department of
finance.
JDlSSQLUTION GIVES
TRUST FINE-CHANCE
St Paul, Minn.April 30. -The
Harvester Trust, so long immune
from prosecution, at last js to be
given an opportunity to increase
its dividends, like the Standard
Oil and Tobacco Truststhrough
its dissolution by the United
States government.
Just about the same time as the
primary polls opened in Massa
chusetts, Joel M. Dickey, assist
ant United States District Attor
ney, filed a petition with Judge
K:. A. Willard, of the United
States District Court, asking for.
the dissolution of the trust and
itss&ven subsidiaries.
The fact that thihas happened""
jusfas the Massachusetts polls
opened is mentioned merely as a
carious coincidence. Of course,
the" two- events had nothing to do
' with each other if you don,'t
care what you say.
The defendants named in the
stiit filed by Dickey are:
International Harvester Com
oanv; Internatioriah Harvester
, Company of America5; Interna
tional Flax Twine Company;
Wisconsin Steel Co.; Wisconsin.
Lumber Co. Illinois-, Northern
Railway; Chicago West Pullman
& Southern Railroad Co. ; arid
4 Curys HMcCormick; Charles
Deering; James Deering; John J,
vaessner; wiuiamn. jones;iar
old F. McCormick; Richard F,
Howe; Edgar I?. Bancroft; Chas.
Steele; John A, Chapman; Elbert
H. Gary; Thomas D. Jones; John
P.. Wilson; William L. Saunders";
George W. Perkins.
Great outfit, isn't it?
The petition charges the trust
with using unfair meth'dds, inacf
curate an dmisleading state
ments; misrepresentations to in
duce competitors' agents to leave. ,
them; divers attempts to destroy
competitors by unfair methods;
selling below cost in certain lo
calities, v-
Thp petition shows tfce trus ,
was organized in 1902with a"cap- ,
ital of $120,000,000. Since then ,
mdre water has beeh adde3, so its ,
capital stock now stands at $1:80,-
000,000.
The petition also mentions that
Pierp Morgan and Companyi
drew a cqol $3,451,303 for 'Ser
vices rendered" fn organizing the
trust. s. s -r
Apparently the only one of: the
PlunderbShd -who wasn't in Ton
the harvester was John D. Rocke
feller. He probably horned in on.
the side. t
Probably not much -will be
heard about the suit after-the
Massachusetts primaries are over
-unless the Chicago Tribuneiits
up atid squalls about if, the Har
vester Trust being the Tribune's
pet trust.
:,1S J- - ,
New 3Tork April -30. One
hour aftei the filing of the gov
eiment 'sUil for thfc dissolutidn
of 4he Harvester Trust-at Mer
York,-Harvester stock went Hip
lyi points orf the New York market
t
y .
h.

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