Posted by Jal-sd on August 12, 2020 at 08:23:33 from (142.0.9.52):
In Reply to: On this date... posted by DeltaSteve on August 12, 2020 at 07:09:55:
As I've read someplace, McCormick and Deering had been fighting each other so much over patent infringement & borrowing money for the lawyers from financier J P Morgan that his "venture capital" firm "owned" both companies. He basically got both McCormick and Deering together in a hotel room and made them form a new company so they could go "international" with the products they had. Morgan's management team was to run the new corporation for a minimum of ten years. As a result International Harvester Company became a global giant.
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Today's Featured Article - An Old-Time Tractor Demonstration - by Kim Pratt. Sam was born in rural Kansas in 1926. His dad was a hard-working farmer and the children worked hard everyday to help ends meet. In the rural area he grew up in, the highlight of the week was Saturday when many people took a break from their work to go to town. It was on one such Saturday in the early 1940's when Sam was 16 years old that he ended up in Dennison, Kansas to watch a demonstration of a new tractor being put on by a local dealer. It was an Allis-Chalmers tractor dealership,
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