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Show BIG TRUST A I BENEFICIAL ONE St Paul. Minn.. Nov 4. Judge Will-j Will-j iam D. McHugh of Onaba. fighting I the federal suit for dissolution of the International Harvester company to day in the I'niterJ States dls'rlct court pictured the harvester oncern as one oi the greatest educational ami iK-no ficial forces ever created in this coun try. ' When Mr. McCormick went to New York In 1902 to enlist the servi ices of the house of .1 I' Morgan & 'Co. to aid him In getting apital to extend the foreign trade of the McCormick Mc-Cormick company, he met C.-orge W Perkins, a man who was nvajluabli for exactly the sort of tiling Mr. Mccormick Mc-cormick desired. " he declared. "Mr I'erklns training and exrK-n ences as a western man with his h-?adf,ui'rters at Denver for man.. ears, had made him thoroughly fa ulllar with ih" c;reai agricultural sn nation in this country Then later Mr. Perkins experiences in Europe had given him a comparative knowl 'edge of acnculturn) conditions ther in discussing with Mr Mct ormick lie F.uropean situation he declared 'no one of the existing companies was strong enough In capital, credits and 1 men to properly and adequately reali-I reali-I Ize the possibilities of the vast foreign for-eign field Then h started out to get I interests to form this concern, stront enouich and big enough to go Into this i field." Then Judge McHugh told the epu-'of epu-'of the great harvester concerns or-j or-j ganizafion and Its expansion at home and abroad, sketching it ns one of the greatest factors in the settlement of the vast reaches of Siberia and other remote countries. "One hundred and twenty millions of capital were put Into this concern." he said, "and of this amount one-half, or sixty million dollars of stock, was issued for cash. The other sixty million mil-lion was put aside to cover the properties prop-erties of the various large concerns that went luto it. "Three million dollars was paid Mr Morgan as a commission. Even this . three million had tangible assets "The companx, absolutely, was or- ganlzed on an honest basis, with every ev-ery share of stock worth more than ; its face value " l Judge McHugh then attacked the governments charge that the sub-j sub-j ject of fore'gn trade was an after thought by the officials of the Harvester Har-vester company, which began to loom large about the time the federal suits were filed He declared that the naming of the company was done particularly with a ev to the matter of foreign for-eign trade. , oo |