Chicago eagle. [volume] (Chicago, Ill.) 1889-19??, 1907-10-12
The Small Taxpayers Are Very Much In.
terested in the Developments Of
This Great Wealth,
Yet the Chicago Assessors Gould Only Find
Two and One-half Millions
to Tax.

Chicago Securities for 1907 gives
the following facts about Armour 4
Company, on page $50.
Armour 4 Company, organized I'm.
der the laws Of Illinois, April IA. 1000.
Capital stock, $2O,OO0.0OO.
Property-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 Is
one Of the largest In the country. The
soap factory 10 also operated on q
large scale.
Although the capital alone Of this
great concern 10 $4,000! 900 the asses.
sors could only find $2.50O,O 900 Of per.
sonal property belonging to II.
The legal tax on $2O.OOO.0OO Is $780,.
900.
The tax on 100000 IL $4,000.
So the people lose In taxes on the
capital Of this concern alone &245, 900
every year.
This makes total Of back taxes due
for five years, according to Supreme
Court rulings In other cases, Of $l,225,.
900.
This does not include the amount Of
taxes due present and back on the
stock Of Armour & Company Of New
Jersey,
Armour car fines.
Hammond Packing Company,
National Packing Company,
Union Stock Yards Of Omaha,
And a number Of other equally val.
liable concerns owned by It.
Tho personal property Of Armour 4
Company, outside Of Its capital stock
mounts up towards $GO.OOO,O0O and
may exceed that sum, as this corpora
ton. unlike Swift 4 Company, does
not furnish Its figures to "Ohicago So.
curities." Armour & Company owns
a great deal of stock In outside cor
$orations. every dollar OF which Il
taxable here In Chicago. Among other
Armour 4 Company, Of New Jersey.
The following taken from pages ?0l
ana 202 Of the report Of the United
States Commissioner OF Corporations
tells us something upon this subject
".rhe New Jersey corporation was
formed for the purpose of transactina
certain business which the Illinois cor
pOratiOn was not authorized to trans
act. Armour l. Company, of New Jer
sey operates practically all the branch
houses for the sale of beef and other
packing house products supplied by
Armour 4 Company, of Illinois. 1t also
owns the Armour packing houses ri
Sioux City and Fort Worth. For con
venlence the accounts of Armour 4
Company, of New Jersey are carried
OH tho books Of Armour & Company
Of Illinois. TO ascertain the business
| transactions Of the New Jersey cor
poration, It Is merely necessary to take
tue uCtOuutS tVaut'hS w shV cs""Ss
houses ana those relating to the For
Worth and Sioux City packing houses
The company. however, Is genuine
one, having large actual assets of Ii
own, not a mere paper name. 1t ha
10 separate books and no profits sep
arate from those appearing In the &C
counts Of Armour 4 Company, Of I'LL
nOis."
How long the people Of Chicago wal
continue to pay high taxes while con
Germs like this escape 40 they do. |
pr0blematical.
~A
Samuel McROberts should tell al
when called before the Board Of RI
view.
~
Will Corporation Counsel Brundas
get after Armour, Swift and the rel
OF the boys? Assistant Corporate
Counsel John w. Hill startled b
hearers In the chamber where Ii
Board Of Review was meeting by d.
clarins that he has already secure
! sufficient evidences against wealthy IA