Chicago eagle. [volume] (Chicago, Ill.) 1889-19??, 1907-11-02

Chicago Securities" for 1907. pages
3a0. $40 and 341. gives the following
facts about Swift 4 Company. that
great corporation which the Board Of
Assessors could only discover $780,.
OO0 belonging to-:
Swift 3 Company-Or Organised April
!. 1886.
Capital Stock. 100000. all Of one
elas, q the par value Of 500 per
share.
Divisiends-seven per cent per an
nvm In quarterly dividends Of ~ per
csut, January, April, July and October.
nAnlneB@The report for tho year
ending December 81, 1908, dhows net
earnings were equal to ~ per cent
on the capital Of 95O.000.O00. After
payment Of the regular Z per cent
div1dsnd, there was added to the sur.
pIus account S2500.O00. equal to 8 per
cent on the capital stock. Increasing
the total surplus to 912,408.O06. The
company's groo business WAS cousid.
erably over 100000. 900 and the item
Of quick assets was incrsased $l6,S6S,'
782.
The balauce sheet of December 81.
1908, shows a total Of assets on hand
Of 9o0,7laS47.
Ard thls h the concern that ID taxed
on ene-nfth Of 100000!
The squick assets" Of this concern,
that H. personal property available for
Immediate me a. money, was listed an
follows IN September 20. 1905:
C1aah $3.50, 602
Accounts receivable ....... R.SSO.60l
Inventory ......... ....... 21,8S4,S74
0tOcks and bonds ........ 1l.@D6,SOO
Total ............. ..... ~d0,0Os'dxO
The personal property Of this con-
nern. Increased from ~, 106,14O In
1904, 10 90, S2O, DOT In 1906. and from
the latter figure to $e5, sb4,729 In 1908.
rhis 10 exclusive Of the capital stock
Of 100000
Making q total Of personal property
owned By SWIFT 4 Company In CHI
caeo At the beginning Of 1907 Of over
@ilkoO0.O0Q
Ana yet The Board OF Assessors value
its boldIau 1t only 100000 and tax
It on oue-afth VI this amount.
what do you think OF thati
Swift and Company. the corporation,
ahousd pay taxes On its SoO.O00O0O
capital stock according to the laws OF
Illinois.
The assessors have listed IL per.
soual holdings at only 100000.
Nor h this all
swift and Company, Of Illinois. that
great corporation capitalized for $780,
100000 should pay taxes on every DOL
lars worth Of stock It owns In foreign
corporations.
Has the Board Of Review ever taken
any steps to ascertain how much the
corporation or its officers own In cor.
l,oratiOns outside the State?
Perhaps we may help them By quot
Ing tho following list Of outside cor
porati0ns owned by Swift aud Com
pany, OF Illinois, according to the 70
port of the United states Commission
or of Corporations:
Swift and Company, Of Maine, a cor
loratiOn which sells the output Of Swift
ana Company, of Illinois, In the New
England States and parts Of New York
and New Jersey. aud owns a control
ling interest In the firms Of the Swift
Beef Company, of Boston; G. II. and
II. G. Swift, Boston; g. y. Swift and
Company, Boston, aud N. II. Hollis
and Company, Boston, Massachusetts.
Swift una Company, Of West vir.
ginia, which operates many branches
In several different States for selling
beef, pork, mutton. canned goods, ETC.,
etc.
Swift and Company. Of New York,
which controls large number Of
branch houses In the State Of New
York, all doing big business
Swift Fertilizer Works, engaged In
manufacturing fertilizers In the State
Of Georgia.
Swift Refrigsrator Transportation