Chicago eagle. [volume] (Chicago, Ill.) 1889-19??, 1907-11-16

Chicago Securities" for 1907, pages
$50. $40 and 841. gives the following
facts about Swift 4 Company, that
great corporation which the Board Of
Assessors could only discover $780,.
600 belonging to:
Swift 4 Company-Organlxcd April
/. 1886.
Capital Stock, s50,OOO.OOO. all Of one
class. Of the par value Of 500 per
share.
Dividcnds--Seven per cent per an
NUN In quarterly dividends Of TX per
cent, January. April, July and October.
Earnings-The report for tho year
ending December 81, 1905, shows net
earnings were equal to u per cent
on the capital Of s5O.0OOO0O. After
payment Of the regular Z per cent
dividend, thore was added to the sur.
plus account $2,5OOO 900, equal to 8 per
cent on the capital stock, increasing
the total surplus to $12.400.OO0. The
company's gross business was consid.
erably over &2OO. 900. 600 and the item
Of quick assets was Increased $)6,5o3.'
7S2.
Tho balance sheet Of December 81,
1905, shows a total Of assets on hand
Of $02,7l0,S47.
And this Ii tho concern that u taxed
on one-fifth Of 100000!
The "quick assets Of this concern.
that ID, personal property available for
immediate uss a. money, was listed 40
follows ON September 20. 1905:
Oash 800. 002
Accounts receivable ....... D.38O'so!
Inventory ........ ....... Sl'So4'ose
Stocks and bonds ........ 1l.40S,SOo
Total go. .$65. 1854, 720
The personal property Of this con-
Germ. Increased from $42.lOS,l4O IN
1904, 70 >lo.s2O.007 In 1905. and from
ne latter figure to $05. 1854. TO In 1905.
This ID exclusive Of the capital stock
e $SO.OOO.0OO.
Making a total Of personal property
owned By Swift 4 Company In CHI
caso 1t the beginning Of 1907 OF over
3ll6,0O0.OO0.
And yet the Board Of Assessors value
IL hosdsuss ut only $4,000 900 and tax
N a Oue-Afth OF this amount.
what DO you think Of thatf
~0
Swift and Company, the corporation,
ahousd pay taxes on is $oO.OOO'ooo
csnatsl stock according to the laws OF
Illinois.
The assessors have listed its per-
sonai holdings at only $8,OOO.OOO.
Nor 10 this all
Swift and Company. Of Illinois, that
crest corporation capitalized for $780,
100000 should pay taxes on every dol
Mrs 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
porations outside the statei
Perhaps No may help them by quot.
Inv the following list Of outside cor.
porstiOns 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
poratiOn which sells the output OF Swift
and Company. Of Illinois, In the New
Nngland States and parts OF New York
and New Jersey. and owns Q control
ling interest In the Arms Of the Swift
Beef Company, Of Boston; @. 3. and
n. @. Swift, Boston; q. =. Swift and
Company. Boston, and N. q. Hollis
and Company, Boston. Massachusetts
Swift and Company. Of West Wiz.
ginia, which operates many branches
In several different States for selling
beet. pork. mutton. canned goods. etc..
etc.
Swift and Company, Of New York.
wAich controls Q large number Of
NrAach houses In the State Of New
Fork. all doing Q big business
Swift Fsst1l1nB Works. engaged In
manufacturing Ss-1lissrs In the State
o. 0soGUA.
Sw.::: ssfrissrator Transportation