Chicago eagle. [volume] (Chicago, Ill.) 1889-19??, 1907-10-05
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 4
Company, on page $50.
Armour 4 Company, organized un.
der the laws Of Illinois, April II. 1900.
Capital stock. S20,O0O,OOO.
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 Il
large scale.
Although the capital alone of this
great concern Is S2O,OOO,OOO the asses
sors could only find $2.50O.OOO Of per-
sonal property belonging to 1t.
The legal tax OH S90,OOO.O0O Is $780,.
900.
The tax on $2,5OO.OOO Is $4,000.
So the people lose In taxes on the
capital OF this concern alone $2i5,OO0
every year.
This makes a total Of back taxes due
for five years. according to Supreme
Court rulings In other cases, Of 81, 225..
OCO.
This does not include the amount of
taxes due present and back on the
stock Of Armour l. Company Of New
Jersey,
Armour car lines,
Hammond Packing Company,
National Packing Company,
Union Stock Yards Of Omaha,
And a 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 SG0,OO0,OOO and
may exceed that sum, us this corpora.
ton, unlike Swift 4 Company, does
not furnish Its figures to "ChlcagO Sc.
curitles." Armour & Company owns
great deal Of stock In outside cor.
poratlons, every dollar Of which Is
taxable here In Chicago. Among Others
Armour Il Company, Of New Jersey.
The following taken from pages 2ol
ana DOB 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 transactns
certain business which the Illinois cor
poration was not authorized to trans
act. Armour 4 Company, OF New Jcr-
sey operates practically all the branch
houses for the sale Of beef ana other
packing house products supplied by
Armour 4 Company, of Illinois 1t also
owns the Armour packing houses at
Sioux City and Fort Worth. For con-
venience the accounts Of Armour 4
Company, Of New Jersey are carried
on the books of Armour 4 Company
OF Illinois. To ascertain the business
transactions of the New Jersey cor
poratlon, 1t Is merely necessary to take
the accounts relating to the branch
houses and those relating to the For
Worth and Sioux City packing houses
The company, however, Is a genuine
one, having large actual assets of 1T
own, not mere paper name. 1t ha
no separate books and no profits sep
arate from those appearing in the &C
counts Of Armour & Company, Of Iii
nois."
How long the people of Chicago vii
continue to pay high taxes while con
Germs like this escape as they do,
problematical.
~A
Samuel McRoberts should tell al
when called before the Board of Rl
view.
~GM>
VIII Corporation Counsel Brundag
get after Armour, Swift and the res
Of the boys? Assistant Corporatio
Counsel John w. Hill startled hi
hearers In the chamber where til
Board Of Review was meeting by d.
claring that he has already secure
sufficient evidence against wealthy tn