Chicago eagle. [volume] (Chicago, Ill.) 1889-19??, 1907-10-12

Chicago Securities for 1907. pages
3Se. $40 and al. gives the following
facts about Swift 4 Company, that
great corporation which the Board Of
Asssssors could only discover $1,000.
900 belonging to-:
Swift 4 Company-Organlsed April
]. 1881.
Capital Stock. s50ooo.Ooo, all Of one
class, Of the par value Of 500 per
share.
Divldcnds-sevcn per cent per an.
nom In quarterly dividends Of ~ per
cent, January, April, July and October.
Namings-The report for the year
ending December 81, 1000, shows net
earnings wcrc equal to u per cont
on the capital Of s5O.000.O0O. After
payment Of the regular Z per cent
dividend, there was added to tho sur.
plus account $4,000. 900, equal to 0 pr
cent on the capital stock, increasing
the total surplus to &l2.400!O05. The
Soupany's groM business was consid-
erab,y over So00 900 and the item
Of QUICK assets was Increased $lo'oo3''
7S2. -,
The taiance sheet Of December 81,
1908, alAows q total Of assets on hand
Of >92.7l0,Sl7.
And this u the concern that IL taxed
on one-ffth Of 100000!
Tho 'quick aaets" Of this concern
that IL, pesponal property available for
immediate use a. money. was listed ~
follows On September 20, 1900:
Cash ..................$ 3lUV'Wps
Accounts receivable 5000. @,13OS6l
Inventory ....... ...'''' .I'"os
Stocks and bonds ........ llS4Oc'soV
Total ..........'' '''''$oo'""s''."
The personal property Of this con-
Germ. Increased from 4?,10S. 40 IN
1904. to $40.S2O.0 GOT in 1905. and from
the latter figure to $05, 1854. 7"O In 1905
This 10 exclusive Of the capital stock
Of 100000.
Making a total Of personal properly
owned by Swift 4 Company In Chi
caeo at the beginning Of 1907 Of over
S1l6yOO0O00.
Aud vet tho Board Of Assessors value
it, holdings ut only 100000 and tax
Il on one-hfth Of this amount.
what do you think Of thatf
Swift and Company. the corporation
al,ouid pay taxes ON Ito $oO!OOO'No
capital stock according to the laws Of
Illin0,A
The assessors have listed !ts per
sonai holdings at only 100000.
Nor 10 this oil.
swift and Company, Of Illinois, that
great corporation capitalized for $oo.
100000 should pay taxes ON every col
lars worth Of stock It owns In foreign
corporations
Has the Board of Review ever taker
any steps to ascertain how much tn
corporation or its officers own In cor
poratious outside the Slater
Perhaps we may help them by quot
ius the following list Of outside cor
uoratlons owned BY Swift and Com
Dany. OF Illinois, according to the re
mort OF the United States Commission
or Of Corporations:
Swift and Company, Of Maine, cor
Doration which sells the output OF Swif
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 6rms OF the Swif
Beef Company, Of Boston; @. =. an
u. @. swift Boston; q. 3. Swift an
Company. Boston. and N. d. Holli
and Company. Boston. Massachusetts.
Swift and Company, Of West WI
sinia, which operates many branche
In several different States for sellln
beet, pork. mutton. canned goods stc
etc.
ewift and Company. Of New Yorl
which controls Q large number {
branch houses In the State Of Ne
York. oil doing q BIG business
Swift ysrtlliser Works. sasaged
manufacturing fertilissrs In the Stat
Of Georgia.
Swift Rsfrigsrator Tsanportate