Salt Lake Tribune | 1911-04-08 | Page 3 | Purpose of the New Implement Combine

PURPOSE OP THE NEW IMPLEMENT COMBINE Reorganization of Deere . Co. and Twenty-one Other Smaller Concerns. CHICAGO, April 7. The American Implement company, which raised its capital stock from 510.000,000 to $50.-000.000 $50.-000.000 tjodav and filed tho necessary certification cer-tification with tho secretary of state. Is a forming company for the reorganization reorganiza-tion of Deoro & Co- "nd twenty-one other smaller companies which it has bought out, paving therefor with its own stock. n. V.' Pcolr, attorney for Dcerc it Co., said today. . . . "This company was formed as a oasis of reorganization and it takes over the business of Deere Co.. the Marseilles companv mid one other company Intact, substituting Its charter for tho old one. which would have expired in 101S. Its stock la that of Deere & Co. and will bo used in buying out tho smaller companion- When this reorganization Is com-nlelo com-nlelo the iiam will be changed again from tho American Implement company tx) the old name, Deero & Co