Chicago eagle. [volume] (Chicago, Ill.) 1889-19??, 1907-08-31

SulcuSO SecuCltles LUZ ivVs SiNcS
the following facts about Armour 4
Company, on page $50.
Armour 4 Company, organized un.
der the laws Of Illinois, April IA. 1900.
Capital stock, S2O.OOO,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 u also operated on a
large scale.
Although the capital alone Of this
great concern ls 100000 the asses.
sors could only find S?,5OO,OOO Of per-
sonal property belonging to 1t.
The legal tax on So0,OOOOOO Is $780,.
600.
The tax on sc.5OO.OOO is $4,000.
So the people lose In taxes on the
capital OF this concern alone S?i5.OOO
every year,
This makes total Of back taxes due
for five years. according to Supreme
Court rulings in othex cases. Of : '222'''
600.
This does not include the amount Of
taxes due present and back on the
stock Of Armour 4 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 $G0,oOO,OOO and
may exceed that sum, rs this corpora
ton. unlike Swift Il Company, does
not furnish Its figures to Chicago Sc
curitics.' Armour Il Company owns
great deal of stock in outside cor.
poratlons, every dollar Of which Is
taxable here In Chicago. Among Others
Armour 4 Company, OF New Jersey.
The following taken from pages POI
and o0o 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 transactlng
certain business which the Illinois corr
poratiOn was not authorized to trans
act. Armour 4 Company, Of New Jer-
sey operates practically all the branch
houses for the sale Of beef and other
packing house products supplied by
| Armour l. Company, Of Illinois. 1t also
owns the Armour packing houses at
Sioux City and Fort Worth. For con-
venience the accounts Of Armour x
Company, OF New Jersey are carried
on the books Of Armour & Company,
| Of Illinois. 10 ascertain the business
transactions Of the New Jersey cor
poration, It IL 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 genuine
one, having large actual assets OF Its
own, not a mere paper name. 1t has
no separate books and no profits sep
arate from those appearing in the ac
counts OF Armour & Company, Of I'LL
nois."
How long the people of Chicago vii
continue to pay high taxes while con
Germs like this escape as they do, i
problematical.
~A
Samuel McRoberts should tell nj
when called before the Board OF Re
view.
<acS>
VIII Corporation Counsel Brundas,
get after Armour, Swift and the res
Of the boys? Assistant Corporation
Counsel John w. Hill startled hi
hearers In the chamber where til
Board of Review was meeting by dc
claring that he has already secures
! sufficient evidence against wealthy ta'