Chicago eagle. [volume] (Chicago, Ill.) 1889-19??, 1907-12-21

"Chicago Securities" for 1907. pages
$40. $40 and 341. gives the following
facts about Swift & Company, that
grcut corporation which the Board Of
Assessors could only discover $4,000.
600 belonging to-:
Swift & Company--Orgnnized April
I, 1885.
Capital Stock, s50,0Oo,000. all Of one
class, Of the par value Of 500 per
share.
Dividends-Scvcn per cent per an.
mum In quarterly dividends Of ~ per
cont. January. April, July and October.
Earnlngs-Thc report for the year
ending December 81, 1900, shows net
earnings were equal to II per cent
on the capital Of $5O.O00.O00. After
payment Of the regular Z per cent
dividend, there was added to the sur.
plus account $500, 900, equal to 8 per
cent on the capital stock. increasing
the total surplus to &12.400.O06. The
company's gross business was consid'
erabiy over $500, 600. 900 and the item
Of quick assets was increased $685.
732.
The balance sheet Of December 81,
1000, shows total Of assets on hand
Of $0?,710,S47. .
And this II the concern that Ii taxed
ON one-fifth Of 100000!
The "quick assets" Of this concern
TINT ", personal property available Tor
immediate use as money. was listed %
follows on September 20, 1905:
Cash .................. 3'lVO'Oo:
Accounts receivable ....... D,33O.eOi
Inventory .....s .'.''''
Stocks and bonds ........ ll'4vo'oVV
Total .......''": ''''S'"'""'''
rb. personni property Of this con-
corn. increased from $4?,l0S.14O IN
1904. to $a0,sc0,O07 In 1905. and from
the latter figure to $05, 354, 7:O In loOo'
This IL exclusive of the capital stock
of s5O.OOO.OOO.
Making a total Of personal property
owned by Swift 4 Company IN Chi
caro at the beginning OF 1907 OF over
Sll5,OOOOOO.
And vet the Board Of Assessors value
its holdings ut only $3.OOO.OOO ana tax
II on one.tifth Of this amount.
what do you think Of thats
Swift and Company, the corporation.
.,,ould nay taxes ON its $5OOOOVVO
capital stock according to the laws Oh
Illinois. a.
The assessors have listed it, per-
sonal holdings at only 100000.
Nor Is this all
swift and Company, of Illinois. that
great corporation capitalized Tor soo:'
100000 should pay taxes on every ao''
lars worth Of stock 1t owns IN foreign
corporations.
Has the Board Of Review ever taken
sny steps to ascertain how much the
corporation or its officers own IN COT
porations outside the State?
Perhaps we may help them by quot
ING the following list OF outside cor
oorations owned by Swift ana Com
many, of Illinois, accoro'ns " sAo ~
mort Of the United States Commission
er of Corporations;
Swift and Company, OF Maine, a COT
porutlon which sells the output OF swift
and Company, Of Illinois, In the New
England Suites and parts OF New YORK
and New Jersey. and owns control
ling interest In the firms of the Swifl
Beef Company, Of Boston; g. y. ano
Il. G. Swift, Boston; g. +. Swift and
Company, Boston, and N. y. Hollis
and Company. Boston. Massachusetts,
Swift and Company. OF West vir
ginia, which operates many branches
In several different States for selling
beef, pork. mutton. canned goods, etc.
etc.
Swift and Company, Of New York
witch controls q large number o
nrAnch houses In the State OF New
Fork, all doing q big business
Swift Fsrtiliaar Works, engaged Il
manufacturing !s~<ilizers In the Stat
OF cecsOIa.
Sw.:.. refrigerator Transportation