Chicago eagle. [volume] (Chicago, Ill.) 1889-19??, 1907-10-19
Enormous Holdings by Armour People in
Big Concerns Outside Chicago Attract
Much Attention.
The Small Taxpayers Are Very Much In.
terested in the Developments of
This Great Wealth.
Yet the Chicago Assessors Could Only Find
Two and One-half Millions
to Tax.

Chicago Securities for 1907 gives
the following facts about Armour X
Company, on page $50.
Armour X Company, organized un.
der the laws Of Illinois, April ii. 1900.
Capital stock, $2O,OOO.OOO.
propcrty-The plants controlled by
the corporation are the packing houses.
fertilizer works, glue factory, soap fac
tory and hair factory In Chicago, and
the packing houses In South Omaha.
Sioux City. East St Louis and Fort
Worth. The importance Of the pack.
Ing houses and plants controlled by the
organization Is known all over the
civilized world. The glue factory Ia
one Of the largest In the country. Tho
soap factory IL also operated ON u
large scale.
Although the capital alone Of this
great concern II $2O.O0O.00O the asses
sors could only Ind S2,500.OOO Of per.
sonai property belonging to It.
The legal tax on $2O,OOO,OOO is $780,.
OOO.
The tax on S2.5OO.0O0 Is $4,000.
30 the people lose In taxes on the
capital Of this concern alone &3S. 900
every year.
This makes total Of back taxes due
for i've years, according to Supreme
Court rulings In other cases, Of $685..
600.
This docs not include the amount Of
taxes due present and back on the
stock Of Armour & Company Of New
Jersey,
Armour car lines,
Hammond Packing Company,
National Packing Company,
Union Stock Yards OF Omaha,
And q number OF other equally val.
liable concerns owned by 1t.
The personal property Of Armour &
Company, outside Of Its capital stock
mounts up towards $0O,OOO,O0O and
may exceed that sum, as this corpora.
ton. unlike Swift 4 Company. does
not furnish it, figures to "Chicago Sc
curities." Armour & Company owns
a great deal Of stock In outside COR
porations. every dollar Of which IL
taxable here In Chicago. Among Others
Armour 4 Company, Of New Jersey.
The following taken from pages POI
aud 20? Of the report Of the United
States Commissioner Of Corporations.
tells US something upon this subject
1.-THE New Jersey corporation was
formed for the purpose Of transacting
certain business which the Illinois cor.
pOratiOn was not authorized to trans.
act. Armour 4 Company, Of New Jer.
sey operates practically all the branch
houses for the sale Of beef and other
packing house products supplied by
Armour & Company, of Illinois. 1t also
owns the Armour packing houses at
Sioux City and Fort Worth. For CON
venience the accounts OF Armour 4
Company, of New Jersey are carried
ON the books of Armour & Company
Of Illinois. To ascertain the business
transactions Of the New Jersey COR
pOration, 1t is merely necessary to take
the accounts relating to the branch
houses aud those relating to the For
Worth and Sioux City packing houses
The company, however, IL genuine
one, having large actual assets Of 1T
own, not a mere paper name. 1t ha
no separate books and no profits sep
arate from those appearing In the &C
counts Of Armour & Company. Of I'LL
nOis."
How long the people Of Chicago vii
continue to pay high taxes while con
Germs like this escape 40 they do.
pr0blematical
AA
Samuel McROberts should tell al
when called before the Board Of RI
view.
49,
: viii Corporation Counsel Brundas
get after Armour, Swift and the res
Of the boys? Assistant Corporate
Counsel John w. Hill startled hI
hearers In the chamber where til
Board Of Review was meeting by d.
claring that he has already secure
> sufficient evidence against wealthy ia