Whatever one may think of the motives which caused so many combinations in the early years of the twentieth century, there is no question that irresistible economic forces compelled these great harvester companies to get together.
Quick profits in the shape of watered stock had nothing to do with the formation of the International Harvester Company.

All the men who controlled these enterprises were individualists, with a natural loathing for trusts, combinations, and pools.

They wished for nothing better than to continue fighting the Spartan battle that had made existence such an exciting pastime for more than half a century.

But the simple fact was that these several concerns were destroying one another; it was a question of joining hands, ending the competition that was eating so deeply into their financial resources, or reducing the whole business to chaos.

When Mr.George W.Perkins, of J.P.