INTERNATIONAL HARVESTER COMPANY, THE, for many years a leader in the manufacture of farm-operating equipment, and also a large manufacturer of farm and industrial tractors and motor trucks was originally formed in i9o2 under the laws of New Jersey, and acquired at that time the farm implement properties and businesses of a number of old estab lished concerns, notably the McCormick and Deering companies. In 1913 the company was divided into two organizations, the International Harvester Company of New Jersey and Interna tional Harvester Corporation, the latter taking over the foreign business and manufacture of tractors, motor trucks and other so called "new lines." In 1918 the two companies were reunited into the present International Harvester Company. Manufacturing plants and binder twine mills are situated at : Chicago (4) ; Can ton, Rock Falls, East Moline and Rock Island, Ill. ; Milwaukee, Wis. ; Auburn, N. Y. ; Chattanooga, Tenn. ; Fort Wayne and Rich mond, Ind.; New Orleans, La. ; Springfield, O. ; Chatham and Hamilton, Ont. ; Croix and Montataine, France ; Neuss, Germany; and Norrkoping, Sweden. The International Harvester Company leases iron mines in Minnesota and owns coal mines in Kentucky; it owns steel furnaces and rolling mills in South Chicago, to gether with a by-product coke plant.
There are about 25 subsidiaries which represent three main groups of activity : manufacture, selling and transportation. An other activity is the purchase and sale of Manila fibre in both the Philippine Islands and the United States. The company also owns a plantation in the Province of Matanzas, Cuba, for the production of sisal fibre for binder twine. As of Dec. 31, 1934, total current assets were $225,569,329.07, and total current liabilities $22,386, 818.18, leaving a net working capital of $203,182,510.89. Other financial statistics for the year ending Dec. 31, 1934 were: Net income $3,948,636.61; surplus for the year (deficit) total surplus, $40,622,312.17; and total assets The capital stock authorized is $ioo,000,000 7% pre ferred cumulative (par $ioo) and 6,000,000 shares of common (no par), of which on Dec. 31, 1934 there was outstanding $81, 672,40o preferred and 4,245,797 shares of no par common with a stated value of $169,831,880.00. The general offices of the com pany are at Chicago. (S. B. W.)