Show I PICTURES HARVESTER TRUST AS S GREAT BENEFACTOR I I Lawyer Declares Company Organized on Absolutely Honest Basis to Enter Foreign Fields ST. ST PAUL Minn Nov XO 1 Argument ment meat for tor tho the defense was continued by b- Jud Judge e W W. D. D McHugh of or Omaha when the tho hearing of the tho goC governments government's suit sur surto to dissolve the International harvester ester company as a monopoly in violation of tho the Sherman antitrust Jaw law was fas resumed in the tho United States court today The Tho defense expected to conclude its plea tomorrow William J. J McHugh cHugh of oC Omaha hn fighting fighting fight tight ing tb the fed federal ral suit for tor dissolution of or orthe the International Harvester company compan today in tho the United States district court pictured the harvester concern as ono one of ot the greatest educational and beneficial forces ever created in this country When Mr rr McCormicK to ew 2 ew York in 1901 1902 to enlist the services of the house bouse of or J. J P P. Morgan Co to aid him in getting capital to extend the foreign trade trado of the McCormick company com CaDI pany party he ho mulct met Geor George e W W. Perkins a aman aman arna rna man who was Avas invaluable in for exactly the sort of things Mr McCormick cCormick a de desired desired de- de sired he be declared Mr Perkins Perkins' training and experience experience experience ence as a western man with his headquarters headquarters head bead quarters at Denver for man many nany years lu hail had tl made him thoroughly familiar with mth the great agricultural situation in this country Then later Inter Mr Ir Perkins experience ex cx- in Europe had haden given en him a n comp comp-a comparative knowledge of agricultural s t condition condi tion thereIn there thereIn thereIn In discus discussing with ith Mr McCormick cCormick the tho European situation ho declared no DO noone ono one of the tho existing companies was strong trong enough in capital credits and men to properly and adequately realize tho he p possibilities s of the vast Vlist fore foreign field Then ho started out oot to get got inter- inter cst to form this concern enough and big biJ enough to into this field V Then Judge McHugh to told the epic pic of or the great r at harvester conc concerns concern's rn's organization organization organ organS and its expansion at homo home and sketching it as aI one of at the greatest great great- est cst factories in the tho settlement of the vast at reaches of Siberia and anti other remote remote re re- re mote moto countries s. s Ono hundred and twenty millions of oC capital were put into this concern he said eaid and of this amount one half of stock stocIe was issued for cash Tho other was put aside asido to cover the time properties of the various large concerns that went ent into it it Three million dollars was paid Mr Morgan as all a commission Even this 3 had bad tangible assets The company absolutely was or organized organized on aD an honest basis with ov every ry share of stock worth more than its face taco value Judge McHugh then the g governments government's gov v. v charge that tho subject of foroi foreign trade was an afterthought by bytho bytho tho officials of ot tho harvest company which began to loom largo about the time timo the tho federal suits wore were filed Bled Ho lIo declared that the naming of ot the I company was done doue particularly with a new to the matter of foreign trade |