Chicago eagle. [volume] (Chicago, Ill.) 1889-19??, 1907-09-21

$50. $40 and 341, gives the following
facts about Swift 4 Company. that
grcnt corporation which the Board OF
Asscssors could only discover $1,000
600 belonging to-:
Swift 4 Company-Organized April
!, 1885.
Capital Stock, s5O,OOOOoO, all Of one
class. of the par value Of 800 per
share.
Dlvldends-Seven per cent per an.
num- In quarterly dividends Of tx per
cent January. April. July and October.
Earnings--Thc report for the year
ending December 81, 1000, shows net
earnings were equal to y 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 $4,000 equal to o per
cent on the capital stock, increasing
the total surplus to $l2.400.O00. The
company's gross business was consid'
erably over 500. 100000 and the item
Of quick assets was increased $lo,oo3''
732.
The balance sheet Of December 81.
1905. shows a total Of assets on hand
Of $O2.718,s47.
And this Ia the concern that ID taxed
on one-fifth Of 100000!
Tie quick assets Of this concern
that IL. personal property available for
immediate use as money, was listed as
follows on September %. 1909:
Cash ................. 3lOO'6v:
Aoeuunts receivable 10000. 20'SO'S0!
Inventory ...ss..xs s...... S!'sSs'o oa
Otpekg and bonda ..".... 11'4Vo'oO0
W0tal .,u.,s...ras.. ~. .$60,So4,7Sa
The personal property Of this con
cer,, Increased from x4:.10S,l4o III
1904, to $40.s2O.007 in 1905. and from
the latter figure to $65,354.720 In 1903
This Is exclusive of the capital stock
Of $5OOOO,OOO.
Making a total Of personal property
owned by Swift & Company In CHI
cago ut the beginning Of 1907 OF over
Sli5.OOO.OOO.
And vet the Board of Assessors value
its holdings ut only $3.OO0.OOO and tas
II on one.tifth OF this amount.
What do you think Of that?
Swift and Company, the corporation
should pay taxes on its $oO,OOO'O0'
capital stock according to the laws o.
Illinois.
The assessors have listed It's per
sonai holdings at only $3.O0O.OOO.
Nor IL this all
Swift and Company, Of Illinois. tina
great corporation capitalized for $50.
100000 should pay taxes on every DOL
lars worth Of stock 1t owns IN fore'g'
corporations.
Has the Board OF Review ever takel
any steps to ascertain how much til
corporation or Its officers own In cor
poratlons outside the State?
Perhaps we may help them by quot
iny the following list of outside col
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 Ma'ne' col
poratlon which sells the output OF Swlf
and Company, Of Illinois, In the Ne,
England States and parts Of New Yor
and New Jersey. and owns contro
ling interest In the firms of the Swlf
Beef Company, Of Boston; g. +. nm
+. C. Swift, Boston; G. +. Swift an
Company. Boston, and N. T.. Aoi''
and Company, Boston, Massachusetts
Swift ana Company, of West VII
ginla, which operates many branche
In several different States for sellin
beef, pork, mutton, canned goods, etc
etc.
Swift and Company. Of New Yorl
which controls large number
branch houses In the State of Ne
York, all doing big business.
Swift Fertilizer Works, engaged
manufacturing fertilizers In the Stat
Of Georgia.
Swift Refrigerator Transportatlc