Chicago eagle. [volume] (Chicago, Ill.) 1889-19??, 1907-08-17
Enormous Holdings by Armour People in
Big Concerns Outside Chicago Attract
Much Attention.
The Small Taxpayers Are Very Much In.
terested in the Developments of
This Great Wealth,
Yet the Chicago Assessors Gould Only Find
Two and One.half Millions
to Tax.

Chicago Securities" for 1907 gives
the following facts about Armour &
Company, OH page $50.
Armour & Company, organized un.
der the laws Of Illinois, April ii, 1000.
Capital stock, S2O,OOOOOO.
Property--The plants controlled by
the corporation are the packing houses,
fertilizer works, glue factory. soap fac.
tory and hair factory In Chicago, and
the packing houses In South Omaha.
Sioux City, East st. Louis and Fort
Worth. The Importance of the pack.
ing houses and plants controlled by the
organization Is known all over the
civilized world. The glue factory Is
one of the largest In the country. The
soap factory Is also operated on a
large scale.
Although the capital alone Of this
great concern Is ?O.OO0.0 900 the asses.
sors could only find $?,50O,OOO Of per.
sonal property belonging to 1t.
The legal tax on S2O,OOO,OOO Is $780,.
600.
The tax on s2,5OO.OOO Is s35.OOO.
So the people lose In taxes Oh the
capital OF this concern alone $2i5,OOO
every year.
This makes total Of back taxes due
for five years. according to Supreme
Court rulings In other cases, Of $l.2?o,.
600.
This does not include the amount Of
taxes due present and back on the
stock Of Armour & Company Of New
Jersey,
Armour car lines,
Hammond Packing Company,
National Packing Company,
Union Stock Yards Of Omaha,
And q number OF other equally val.
liable concerns owned by 1t.
The personal property Of Armour 4
Company, outside Of Its capital stock
mounts up towards $GO,oOO,OOO and
may exceed that sum, as this corpora
ton, unlike Swift 4 Company, does
not furnish Its figures to "ChicagO Sc
curlties." Armour 4 Company owns
a great deal of stock In outside cor.
porations, every dollar Of which Is
taxable here In Chicago. Among others
Armour 4 Company, Of New Jersey.
The following taken from pages 20l
ana 202 Of the report Of the United
States Commissioner Of Corporations,
tells us something upon this subject:
''rhe New Jersey corporation was
formed for the purpose OF transactins
certain business which the Illinois cor.
poration was not authorized to trans.
act. Armour l. Company, Of New Jer-
sey operates practically all the branch
houses for the sale Of beef and other
packing house products supplied by
Armour & Company, Of Illinois. 1t also
owns the Armour packing houses ut
Sioux City and Fort Worth. For con.
venlence the accounts of Armour &
Company, of New Jersey are carried
OH the books of Armour 4 Company,
Of Illinois. To ascertain the business
transactions Of the New Jersey cor
poration, 1t Is merely necessary to take
the accounts relating to the branch
houses and those relating to the Fort
Worth and Sioux City packing houses
The company, however, Is genuine
one, having large actual assets of Its
own, not mere paper name. 1t has
no separate books and no profits sep
arate from those appearing In the &c
counts of Armour 4 Company, OF I'LL
nOls.'
How long the people Of Chicago vii
continue to pay high taxes while con
Germs like this escape rs they do, Ii
problematical.
~0
Samuel Mcl,Oberts should tell al
when called before the Board Of Re
view.
%S~
viii Corporation Counsel Brundagt
get after Armour, Swift and the res
Of the boys? Assistant Corporation
Counsel John W. Hill startled ln'
hearers In the chamber where TIN
Board Of Review was meeting by de
claring that he has already secures