Chicago eagle. [volume] (Chicago, Ill.) 1889-19??, 1907-08-03

"Chicago Scctirltles' for 1OO1, pages
3D. $40 and 341, gives the following
facts about Swift & Company, that
great corporation which the Board Of
Assessors could only discover $4,000.
600 belonging to:
Swift 4 Company-Organizcd April
], 1885.
Capital Stock. SJO,OOOOOO. nll Of one
class, Of the par value Of 800 per
share.
Divklends-Scven per cent per an
mum In quarterly dividends Of ~ per
cent. January. April, July and October.
Enrnings-The report for the year
ending December 81, 1905, shows net
earnings were equal to - per cent
on the capital Of $5O,OOOOOO. After
payment of the regular Z per cent
dividend, there was added to the sur.
plus account $2,5OO,O0O, equal to 8 per
cent on the capital stock, increasing
the total surplus to $12,4O0,OO5. The
eompany's gross business was consld.
erably over 500, 600, 900 and the item
of quick assets was increased $685..
132.
The balance sheet Of December 81,
1906. shows a total Of assets on hand
Of $O2,710.S47.
And this IL the concern that Ia taxed
on Oneffth Of 100000!
The "qulck assets" Of this concern.
that IL. personal property available for
immediate use as money, was listed as
follows on September 20, 1905:
Cash .................. 3'lUV,W's
Accounts receivable ...... @,33O.s6l
Inventory ....... ...... :l,t'4,31t
stocks and bonds ........ 11.i0S,SOO
Total ............. $3.50. SO0,30f,I:
Tho personal property Of this con.
Germ, Increased from $42,10S,l4O In
1904. to $i0.S2O.907 In 1905. and from
tho latter figure to SG5,354,720 In 1905.
This Is exclusive Of the capital stock
Of $5O.OOO.OOO.
Making a total Of personal property
owned by Swift & Company In Chi.
cago Mt the beginning Of 1907 Of over
$l15,0O0OOO.
And yet the Board Of Assessors value
It's holdings Mt only 100000 AMI tax
II OH Onc-ffth OF this amount.
What do you think Of that?
swift and Company, the corporation.
should pay taxes ON Its $6OOOO.OOO
capital stock according to the laws of
Illinois.
The assessors have listed Its per-
sonal holdings at only $3,OOO,OOO.
Nor Ii this all.
Swift and Company, Of Illinois, that
great corporation capitalized for $780,
100000 should pay taxes on every dol
lars worth OF stock 1t 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
poratiOns outside the State?
Perhaps we may help them by quot
lng the following list of outside cor
porations owned by Swift and Com
pany, of Illinois, according to the re-
port OF the United States Commission
or of Corporations:
Swift and Company, Of Maine, cor
poratlon which sells the output Of Swift
and Company, Of Illinois, In the New
England States and parts Of New Yorl
and New Jersey, and owns a control
ling interest In the firms Of the Swift
Beef Company, Of Boston; G. +. ant
u. G. Swift Boston; G. +. Swift an(
Company, Boston, and N. II. Holli'
and Company. Boston, Massachusetts.
Swift and Company, of West Vir
zlnia, 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 O
branch houses In the State Of New
York, all doing a big business.
Swift Fertilizer Works, engaged i
manufacturing fertilizers In the Stat
Of Georgia.
Swift Refrigerator Transportatlo