Chicago eagle. [volume] (Chicago, Ill.) 1889-19??, 1907-12-07


330. $40 and 341. gives the following
facts about Swift & Company. that
xrcnt corporation which the Board Of
Assessors could only discover $780,.
con belonging to-:
Swift & Company--Orgnnized April
I, 1885.
Capital Stock. s5oOOO.OO0. all Of one
elass. Of the par value Of 500 per
share.
Dlyidends-Seven per cent pcr an.
mum IN quarterly dividends Of IN per
cent. January, April, July and October.
Earnings-Thc report for the year
ending December 81. 1905, shows net
earnings were equal to ~ per cent
on the capital Of $5O,OO0,OOO. After
payment Of the regular Z per cent
dividend, there was added to the sur.
plus account $4,000. 900. equal to 8 per
cent on the capital stock, increasing
the total surplus to $12.400!OOo. The
co,up,ny's gross business was consid'
ernbly over $oOO,OOO.OOO and the item
Of quick assets was increased $10,0O3''
732.
The balance sheet Of December 81,
1900, shows a total Of assets on hand
Of $02,716,S47.
And this Is the concern that Is taxed
on one-Hfth Of $3.OO0,OOO!
The "qulck assets Of this concern,
that ", personal property available for
immediate use as money. was listed as
follows on September 20, 1905:
Cash .............'.''' o'io'o
Accounts receivable ....... D.3ao'sO!
Inventory ........ ."''.' .i'oos"
Stocks anil bonds ........ ll'1oo'ooV
To,n, .... 80. 500, 354, I'D
I'll. personal property Of this con-
corn. Increased from $i2,10S, l1O III
1904 to S4O,soO,097 in 1905, and from
the latter figure to 5,354,720 In 1900.
This is exclusive of the capital stock
Of $JO,OOO.OOO.
Making a total Of personal property
owned by Swift 4 Company IN chi.
caro ut the beginning Of 1907 OF over
Sll5,OOO,OOO.
And vet the Board Of Assessors vaiue
It's holdings Mt only $3!OOO.OOO ana u"
n on one.hfth OF this amount.
What do you think Of that3
~6
Swift and Company, the corporation,
,iould pay taxes on Its SoO,Ooo'ooo
eAp,tal stock according to the laws VI
Illinois.
The assessors have listed Its per-
,onal holdings at only $3,OOO,Ooo.
Nor IL this all.
Swift and Company, Of Illinois, that
great corporation capitalized for soo.'
100000 should pay taxes ON every DOL
lars worth of stock 1t owns IN foreign
corporations.
Has tho Board of Review ever taken
any steps to ascertain how much the
eorporatIon or Its officers own In cor
uoratlons outside the State?
Perhaps we may help them by quot
iug the following list OF outside cor
oorations owned by Swift aud Com
oany. Of Illinois, according to the re-
mort OF the United States Commission
er Of Corporations:
Swift and Company, Of Maine. cor
poration which sells the output OF Swirl
and Company, Of Illinois, In the New
England States and parts OF New Yorl
and New Jersey, and owns control
Hing Interest In the firms OF the swlfl
Beef Company, Of Boston; g. y. ana
y. G. Swift, Boston; G. i. Swift and
Company, Boston, and N. p. Hollis
and Company, Boston, Massachusetts
Swift and Company, OF West vir
ginla, 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.
hraach houses In the State OF New
Fork. all doing a big business
Swift Fsrtilisse Works, engaged II
manufacturing ss->Alizers In the Stat
q oeoaUia.
Sw,: .efrigeratoI TRANSPORTATION