ITEMS OF INTEREST September 30, 1911 Issue

ITEMS OF INTEREST

The government is ready to permit the International Harvester Company voluntarily to readjust its organization to conform to recent interpretations of the Sherman law. Pending the result of conference between Attorney-General Wickersham and attorneys for the company, the threatened dissolution suit is being delayed. The government, however, will not drop its proposed suit upon a mere agreement of the company to reorganize, but will insist that the reorganization come as the result of a decree of a circuit court, thus placing the company in the position of acting in contempt of court should it violate any of the provisions of the reorganization scheme. The corporation in all now owns and operates eleven works and four twine miles, exclusive of the works operated by its affiliated and subsidiary companies.

The trustees of the Connecticut Woman's College at New London, Conn., have received the one million dollars which Morton F. Plant, chairman of the board of trustees. gave the institution. The gift is in securities which have an interest-bearing value of at least four per cent, assuring the college of an annual income of forty thousand dollars. A gift of ten thousand dollars from Edwin Milner of Moosup was announced. This is the first donation toward a second million dollars which it is planned to raise. Of the one hundred and thirty-five thousand dollars raised by subscription in New London, eighty thousand dollars has been paid in.

Six prominent business men connected with the United Shoe Machinery Company have been indicted at Boston by the federal grand jury of the circuit court. All are charged with violations of the Sherman antitrust act in maintaining an alleged unlawful combination in restraint of trade. There are two indictments against each of the defendants, both charging that the six defendants have been working through the instrumentality of the United Shoe Machinery Company, which they have dominated and controlled in a way to make them as individuals criminally liable under the Sherman act.

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