Chicago eagle. [volume] (Chicago, Ill.) 1889-19??, 1907-10-05

OuIC0RO ScCUTItteS IOr lUVGs vuSeS
IN. 3a0 and 341, gives the following
fncts about Swift & Company, that
Hrcrt corporation which the Board Of
Asscssors could only discover $780,.
600 belonging to:
Swift 4 Company-Organized April
!, 1885,
Capital Stock. s50.OOO,0O0, oil Of one
ciam. Of the par value Of 500 per
share.
Divklcnds--sevcn per cent per nm.
mum In quarterly dividends Of ~ per
cent. January. April. July and October.
E.arnings-The report for the year
ending December 81, 1905, shows net
earnings were equal to 12 per cent
on the capital Of $5O.OOO!O0O. After
payment OF tho regular Z per cent
dividend, there was added to the sur.
Plus account $2,50O.O0O, equal to 0 per
cent on the capital stock. increasing
the total surplus to $1?.400.OO5. The
eo,npany's gross business was consld'
srabiy over 500. 900 and the item
Of quick assets was Increased $10,553.'
Ts2.
Tho balance sheet Of December 81,
10OG. shows a total OF assets on hand
Of $ae,718,S47.
And this IL the concern that Il taxed
On one-Hfth Of 100000!
Tho 'quick assets Of this concern,
that In. personal property available for
immediate use as money, was listed as
follows on September 20, 1906:
Cash 3lV,0V2
Accounts receivable ....... ?O,33O.eOi
Inventory ..... ..'.''' sI'"1'"
St,rkx und bonds ........ 1l.4os'sVo
To,ni .... 80. 500. 3ol, ia
Tho personal property Of this con-
ecru, Increased from $3?,l0S,lio III
1904. to $i0,S2O.O07 In 1905. and from
the latter figure to sG5.33i,79o In 1900
This Is exclusive Of the capital stock
OF $a0yOOO.OOO.
Making a total Of personal property
owned by Swift 4 Company In Chi
earo ut the beginning Of 1907 Of ove'
Sll5yOO0,OO0.
And vet tho Board Of Assessors yalu'
M holdings ut only 100000 ana ta'
n on one.fifth Of this amount.
What do you think Of that3
Swift and Company. the corporation
should pay taxes ON Its $oo.Ooo"V
eaDltal stock according to the laws o
Illinois.
The assessors have listed Its per
soual holdings at only $3,OOO'O0O.
Nor Ii this all.
swift and Company, Of Illinois, tina
sreat corporation capitalized for soo
100000 should pay taxes ON every dol
Lars worth Of stock 1t owns In fore'g
corporations.
Has the Board of Review ever take
any stcps to ascertain how much tn
corporation or Its officers own In col
porutions outside tho State?
Perhaps We may help them by quo
iny tho following list Of outside col
variations owned by Swift and Con
oany, Of Illinois, according to the r.
mort Of the United States Commission
or OF Corporations:
Swift and Company, Of Maine, Co
pora,lon which sells the output OF Swil
and Company, of illinois, In the Ne
England States and parts OF New for
ana New Jersey. and owns contro
ling Interest In the firms OF the Swi
Beef Company, of Boston; G. i. an
n. G.. Swift Boston; G. i. Swift al
Company. Boston, and n. u. Holl
and Company, Boston, Massachusetts
Swift and Company, of West VI
rinia, which operates many branch
In several different States for sellil
beef, pork, mutton. canned goods, ct
etc.
Swift and Company, of New Yor
which controls large number
branch houses In the State OF Nc
York, all doing a big business.
Swift Fertilizer Works, engaged
manufacturing fertilizers In the Sta
of Georgia.
Swift Refrigerator Transportati