Chicago eagle. [volume] (Chicago, Ill.) 1889-19??, 1907-10-19

330. $40 and 341, gives the following
facts about Swift 4 Company. that
great corporation which the Board Of
Assessors could only discover $780,.
OOO belonging to-:
Swift 4 Company--O Organized April
], 1886.
Capital Stock. s5O.OoO,OOO. all Of one
class. Of the par value Of 500 per
share.
Dividends per cent per an.
mum In quarterly dividends Of IN per
ceut, January. April, July and October.
Harnings-'The report for the year
ending December 81. 1909, shows net
earnings were equal to u per. cent
on the capital Of $5O.OO0.OO0. After
payment Of the regular Z per cent
dividend, there was added to the sur.
plus account $2,5OO.O00. equal to 8 per
cent on the capital stock. increasing
t1ie total surplus to &12. 408!O06. The
company's gross business was consid'
erabiy ever $500 900. 900 and the item
Of quick assets was Increased &16.oo3,'
732.
The balance sheet Of December 81,
1909, shows a total Of assets on hand
Of 9o2,7l6,S47.
And tisls ID the concern that ID taxed
on onc-nfth Of 100000!
The squick assets" Of this concern,
that H. personal property available for
Immediate use a. money, was listed as
follows o. September r. 1903:
CaSh .....................$ S,10O60.
Accounts receivable ....... D.3WeOi
Inventory ........ .'..''' si''sos
Stocks Snd bonds ........ ll'4SS'ooO
Total .......''.' '''' '$oo'""'''""
The parvoNsl property Of this con.
corn. Increased from $42.10S.140 In
1904. 10 az, O.O07 In 1906. and from
the iattrr figure to $85, 1854. 729 In 1905
This 10 exclusive Of the capital stock
OF $60.000000.
Naking total Of personal property
owned By Swift 4 Company IN Ch''
caso at the beginning Of 1907 Of over
$ii5,OO0O00.
Ara vt the Board Of ASSESSOR value
its holdings at only 100000 and tax
It ON oue-flfth Of this amount.
Wsat DO you think Of that7
swsft and Company. the corporation
should DAY taxes ON III $oo.VV0'VVt
c.pltal stock according to the laws Of
Iliinots.
T,he ameesors have listed In per
sonsi holdings at only $3,OOO.OOO.
Nor h this all
Svtft and Company, Of Illinois. thai
xrest CORPORATION capitalized for $50.
100000 should pay taxes ON every DOL
lars worth Of stock 1t owns In fore'gr
corporations.
Has the Board Of Review ever takeI
any steps to ascertain how much tn
CORPORATION or its officers own In cor
portions outside the State?
Perhaps we may help them by quot
inx the following list OF outside cor
poratIous owned BY Swift and Com
many. OF Illinois, according to the re
port OF the United States Commission
or Of Corporations:
Swift and Company, OF Maine. cor
ooration which sells the output Of Swift
aud Company, Of Illinois. In the Ne,
England states and parts OF New Yor
aud New Jersey, and owns contro
ling interest In the firms OF the Swift
Beef Company, Of Boston; @. y. an
n. q. Swift. Boston; @. y. Swift an
Company, Boston. and N. d. Holll
and Company. Boston. Massachusetts,
Swift and Company, OF West WI
g,nia, which operates many branche
In several different States for selliu
beef, pork. mutton. canned goods, ete
etc.
Swift and Company, Of New Yorl
which controls q large number
branch houses In the State OF Ne
York, all doing big business.
Swift Fertilizer Works, engaged
manufacturing fertilizers In the Sta
Of Georgia.
Swift Refrigeratos Vransportatlt