Chicago eagle. [volume] (Chicago, Ill.) 1889-19??, 1907-11-09

OONUKU CCCvuVJtbeb IOT lbUSs VuHS5S
,s30. 340 and al, gives the following
facts about Swift & Company, that
great corporation which the Board Of
Assessors could only discover $1,000
40 belonging to-:
Swift 4 Company Organized April
], 1886.
Capital Stock, $4,000, 900. all Of one
class, Of the par value Of 500 per
share.
vidends-Sevcn per cent per an.
NUN In quarterly dividends Of ~ per
cont, January. April, July and October.
Rarnings-The report for the year
ending December 81. 1900, shows net
earnings were equal to ~ per cent
on the capital Of $500O0.O00. After
payment Of the regular Z per cent
dividend, there was added to the sur.
plus account S2,5OO.OO0. equal to 8 per
cant on the capital stock. increasing
the total surplus to $l2.400,O06. The
cOmpany's gross business was consid-
erably over 500. O0O,0 900 and the item
Il quick assets was increased $685..
7S2.
Tho balance sheet Of December 81,
1900, shows total OF assets ON hand
a $82,7l6,S47.
And this IL tho concern that IL taxed
On oue.hfth Of 9S,OO0.O00!
Tho .quick assets Of this concern.
that n. personal property available for
Immediate use ~ money, was listed %
follows ON September -. 1903:
[A4h .................. S'i0V'Oos
Accounts receivable ....... 28.3SO,s6l
Inventory ......... .'''''' sI'""'"s
StO(ks and bonds ........ ll,4!TtsVV
The personaI property OF this con-
,ccrn. Increased from $42.i9s.l4O In
1904. 10 80 ,s2O,087 in 1905. and from
the latter figure to $a5, 1854. 720 In 1906
This In exclusive Of the capital stock
Of SOO.O0O.O0O.
Making A total Of personal property
owned BY Swift 4 Company In Chi
casa ct the beginning Of 1907 Of over
Sl15,OOO.OOO.
Ana yet the Board Of Asseasors value
tn holdings at only $3,OOO,OOO ana tax
Il on onc-Afth Of this amount.
what do you think OF thatH
Swift and Company. the corporation
should pay taxes ON Its $SOOOO'Ooo
capital stock according to the laws OF
Illinois.
The assessors have listed lts per-
sonai holdings ut only $S,OOO.OOO.
Nor IL this all.
swift and Company, Of Illinois, that
vreat corporation capitalized for $780,
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
,,oratiOns outside the State!
Perhaps we may help them by quot.
Ing the following list OF outside cor
,orations owned by Swift aud Com
pany, OF Illinois, according to the re-
port of the United States Commission
or Of Corporations:
Swift and Company, OF Maine, cor
,orntion 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 firms of the Swift
Beef Company, of Boston; g. +. and
N. q. Swift, Boston; q. II. Swift and
Company. Boston, and N. II. Hollis
and Company, Boston, Massachusetts.
Swift and Company, Of West Vir'
g1nia, which operates many branches
In several different States for selling
beef, pork, mutton, canned goods, etc.
etc.
Swift and Company, of New York
wh.ch controls a large number OF
brhsch houses In the State of New
York, all doing big business
Swift Fertilizer Works, engaged ir
manufacturing fertilizers In the State
OF s~ecvse
Sw... refrigerator Transportation