Chicago eagle. [volume] (Chicago, Ill.) 1889-19??, 1907-08-10

$50. $40 and 341, gives the following
facts about Swift & Company, that
grent corporation which the Board Of
Assessors could only discover $780,.
900 belonging to:
Swift & Organized April
!, 1885.
Capital Stock, s5O,OOO,OOO, oil Of one
class, of the par value Of 500 per
share.
Dividcnds-Sevcn per cent per an.
mum In quarterly dividends Of tx per
cent. January, April, July and October.
EarnIngs-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 tho regular Z per cent
dividend, there was added to the sur
plus account $2,5OO.OOO, equal to 5 per
cent on the capital stock, increasing
the total surplus to $12,406.O05. The
cOmpany's gross business was c0nsld.
crably over 500, 100000 ana the item
of quick assets was Increased $685.
732.
The balance sheet Of December 81,
1905. shows a total Of assets OH hand
Of SO2,7l8,S47.
And this 10 the concern that IL taxed
on onc-fifth Of 100000!
The "quick assets Of this concern,
that IL. personal property available for
immediate use as money, was listed as
follows ON September 20, 1906:
Cash ................. $4,000"
Accounts receivable ....... 20,33OS01
Inventory $4,000. ..... 2l,33s,374
Stocks and bonds ........ 11,406,S0O
Total ........... ....$85,3 1854, TO
The personal property Of this con.
cern. Increased from $42,10s,14O In
1904. to 4O.S2O,007 In 1905, and from
the latter figure to sos, TO In 1900.
This IL exclusive Of tho capital stock
Of $SOOOOOOO.
Making a total Of personal property
owned by Swift 4 Company In Chi.
cago at the beginning Of 1907 Of over
$l15OOO.O0O.
And yet tho Board Of Assessors value
It's holdings at only 100000 and tax
It ON 0ne-fifth Of this amount.
What do you think Of that!
Swift and Company, the corporation.
should pay taxes ON its $5O,0O0.O0O
capital stock according to the laws Of
Illinois.
The assessors have listed it, per.
sonal holdings at only $3,OO0.O00.
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 II owns In foreign
corporations
Has the Board Of Review ever taken
any steps to ascertain how much the
corporation or IT. officers own In cor.
porations outside the statei
Perhaps we may help them BY quot
Ing 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. q cor.
poration which sells the output Of Swift
and Company, Of Illinois, In the New
England 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; q. r. and
r. @. Swift Boston; g. r. Swift and
Company, Boston, and N. ID. Hollis
and Company, Boston, Massachusetts.
Swift and Company, Of West Wiz.
ginia. which operates many branches
In several different States for ceiling
beef, pork, mutton, canned goods, etc.,
etc.
Swift and Company, OF New York.
which controls a 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 Refrigerator Transportation