Chicago eagle. [volume] (Chicago, Ill.) 1889-19??, 1907-09-07
Over Ninety.two Million Dollars Worth
of Quick Assets On Hand
Just Now.
Not to Mention Fifty Millions Of Dollars
in Capital Stock All Paying
Dividends,
And Yet the Board Of Assessors Gould Only
Find Three Millions to
Tax.

Company, anu Swift Live Stock Trans
portation Company, corporations Of the
State Of Maine.
Swift Beef Company. Limited, do
Ing business In Great Britain.
Swift Packing Company, selling
agents for Swift aud Company, Of iii.
nols, In Germany.
Swift and Company. Of Illinois, arc
said to own large blocks Of stock In
the Union Stock Yards Company, Of
Omaha. the Kansas City Stock Yards
Company, the Fort Worth Stock Yards
Company, the st. Joseph Stock Yards
Company and the st. Paul Union Stock
Yards Company.
Besides the corporations already
named, the Swifts are said to own and
absolutely control LIBBY. Mcneil and
Libby. OF Maine; John +. Squire and
Company, New Jersey corporation,
with big packing plant In Cambridge,
Mass, ana branches all over New Eng.
land; Boston Packing and Provision
Company, Of Massachusetts; New Eng.
land Dressed Meat ana Wool Company,
OF Maine; North Packing and Provision
Company, Of Maine; Sperry and Barnes
Company, Of Connecticut; Sturtevant
and Haley. Of Boston; =. Merwin Com.
pany, Worcester, Mass; Springfield
Provision Company, Springfield, Mass. {;
white. Percy ana Dexter Company,
Worcester. Mass; Halstead and Com
pany, New York; c. II. Davis and Co.,
Norwich. Conn.,: Bimbler. Van Wage.
ncn and Company. Newark, New Jcr.
sey.
The capital stock Of all OF the above
corporations being owned In Chicago.
Why don't the people Of Chicago get
the benefit Of It?
The Board of Review certainly ought
to get enough out Of them to enable
the city to equip q good street car line.
Armour and Company, a big Chicago
and Illinois corporation, owns great
deal Of stock In outside corporations.
Among others Armour aud Company,
OF New Jersey.
The following taken from pages 201
and 202 Of the report Of the United
States Commissioner Of Corporations,
tells US something upon this subject :
Tho New Jersey corporation was
formed for tho purpose OF transactlng
certain business which the Illinois
corporation was not authorized to
transact. Armour and Company, of
New Jersey operates practically all
the branch houses for the sale Of beef
aud other packing house products sup
piled by Armour and Company, Of I'LL.
nols. 1t also owns the Armour pack
Ing houses ut Sioux City and Fort
Worth. For convenience the accounts
Of Armour and Company, of New Jer-
sey are carried on the books of Armour
and Company, Of Illinois. To ascertain
the business transactions Of the New
Jersey corporation, 1t Is merely neces.
sary to take the accounts relating to
the branch houses and those relating
to the Fort Worth ana Sioux City
packing houses. The company, how
ever, Is Il genuine one, having large
actual assets of Its own, not mere
paper name. 1t has no separate books
ana 10 profits separate from those ap'
pearlng In the accounts of Armour and
Company, Of Illinois"
After reading the above from the
report of the United States Commits
siOner of Corporations, we would like
to ask where our Board OF Assessors
and Board of Review have been?
And then the following might claim
the attention Of the Board Of Review
Armour Car Lines Company-New
Jersey; $750,0O0 stock. Directors and
owners; ]. Ogden Armour and asso
ciates.
Armour Grain Company--New Jer
sey; 100000 stock. Directors and
owners: j. Ogden Armour and asso
clates.
National Packing COmpany-New
Jersey; $15,O00,O0O stock. Directors
and owners: ]. Ogden Armour, L. #
Swift, u. II. Swift, Edward Morris
Ira N. Morris, 7. ]. COnnOrs, Thomas