"The 'Trust' was the only thing that saved the whole harvester business
from annihilation," said the ex-president of another independent company,
when I pressed him for his personal opinion, and promised not to use his
name. "The cold fact is really this," he added, "that the International
Harvester Company has bettered conditions for the farmer, for the
independent companies, and for everybody but itself."
"The big combine has never misused its power," said a third of the
International's competitors. "Now and then its agents make trouble, just
as ours do, no doubt. But the men at the top have always given us a square
deal."
So it is my duty to state that on the whole the Harvester Combine is a
good combination and not a bad one. I have found it radically different
from the get-rich-quick trusts that have been described in recent books
and magazine articles. It is not a monopoly. It is an advocate of free
trade. Its stock is not watered, nor for sale in Wall Street. And the men
at the top are very evidently plain, hard-working, simple-living American
citizens, who are quite content to do business in a live-and-let-live way.
They are not thoroughly reconciled, even yet, to being a merger. They
look back with open regret to the wasteful but adventurous days of
competition. Of the combination the elder Mrs. Cyrus McCormick finely
said:
"It was a hurt of the heart. Each of our companies was like a family. Each
had a body of loyal agents, who had been comrades through many struggles.
But the terrible increase in expenses compelled us to subdue our feelings
and to coöperate with one another."
"I am not a merger man myself," said William Deering, "although I believe
that the International Harvester Company has been a benefit to the
farmers."
Cyrus H. McCormick goes still further. He is a "trust-buster" himself, so
far as the over-capitalised and oppressive leviathans of business are
concerned. He said to me frankly: "Some of the hostility to our company is
inspired by worthy motives, growing out of the general opposition to the
so-called trusts." And when a North Dakota congressman proposed in 1904
that the International Harvester Company should be investigated, Cyrus
McCormick at once sent a message that amazed the Bureau of
Corporations--"Please come and investigate us," he said. "If we're not
right, we want to get right."
"Yes," said one of the highest officials of the Roosevelt administration,
when I asked him to corroborate this very remarkable story. "It is true
that from 1904 it has been the continued desire of the International
Harvester Company that we should investigate them. In fact, during the
last year (1907) they have urged us with considerable earnestness to make
this investigation."
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account