Chicago eagle. [volume] (Chicago, Ill.) 1889-19??, 1907-10-26

"Chlcae0 Securities" for 1907, pages
49,. 80 and 341. gives the following
facts, about Swift 4 Company. that
great corporation which the Board Of
Assessors could only discover $780,
600 belonging to-:
Swift d Company--Organl1ed April
I, 1885.
Capital Stock, s5ooo0.ooo. all Of one
class, Of the par value Of 500 per
share.
Dividends sevcn per cent per an.
mum In quarterly dividends Of TX per
cent, January. April, July and October.
Harnings1The report for the year
ending December 81. 1905, shows net
earnings were equal to II per cent
on the capital Of $5OO00.O00. After
payment Of the regular Z per cent
dividend, there was added to tho sur
plus account $4,000. 900. equal to 8 per
cent on the capital stock. increasing
the total surplus to &12.408.O00. The
company's groH business was consid.
erably over 800 900 and the item
At quick assets was increased $1b,663,-
T82.
The baiance sheet q December 81.
1909, shows Q total Of assets on hand
Of )o2,7lo,S47.
And this 10 the concern that 10 taxed
On oue-nfth Of 100000!
The "quick assets' Of this concern,
that IL personal property available for
munediate uae "a money, was listed ~
follows on September 70. 1905:
Cnsh ...........$ 3,10O.002
Accounts receivable ....... 2B,33O.eo!
Inventory ...... ..:' si'oo1'"s
Stocks and bonds ........ ll.48e'oU
rotsi go. SOS, 364,7 10
The personal property Of this con-
corn. Increased from $42.l9S.14O In
1904, to $4O.s2O.007 In 1905, and from
the latter figure to $05.S54,720 In 1ooo'
This 10 exclusive Of tho capital stock
Of 100000.
Making a total Of personal properly
owned BY Swift 4 Company In Chi
case at the beginning Of 1907 OF over
3li6OOO.OOO.
Ara vet the Board Of Assessors value
ia holdings ut only 100000 and tax
It on one-ffth Of this amount.
what do you think Of thatf
SWIFT and Company, the corporation,
slouid pay taxes ON i0 $oO,VOO'Vo
cnpita, stock according to the laws OF
Illinois.
The assessors have listed its per-
sonal holdings at only &3.OOO.OOO.
Nor IL this all.
swift and Company, Of Illinois. that
treat corporation capitalized for $oO.'
100000 should pay taxes on every dol
lars worth Of stock 1t 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 Slater
Perhaps we may help them by quot
ing the following list Of outside cor
uorations owned by Swift and Com
many. Of Illinois, according to the re-
port OF the United States Commission
or Of Corporations:
Swift and Company, OF Maine a cor
poration which sells the output Of Swift
and Company, Of Illinois, In the New
England States and parts of New Yorl
and New Jersey, and owns control
ling interest In the Arms Of the Swif
Beef Company, Of Boston; @. y. ant
y. q. Swift, Boston; g. r. Swift ans
Company. Boston, and N. d. Holli'
and Company, Boston. Massachusetts.
Swift and Company, Of West VII
sinla, which operates many branche
In several different States for sellln
beet. pork. mutton. canned goods. etc
etc.
swift and Company. Of New Yorl
which controls q large number Q
branch houses In the State Of Ne'
York, all doing big business
Swift Fertilizer Works, engaged I
manufacturing fertilizers In the Stat
Of Georgia.
Swift Refrigerator Transportatio