Chicago eagle. [volume] (Chicago, Ill.) 1889-19??, 1907-08-03
Over Nineiy-two Million Dollars Worth
of Quick Assets On Hand
Just Now.
Not to Mention Fifty Millions Of Dollars
in Capital Stock All Paying
Dividends,
And Yet the Board Of Review Gould Only
Find Three Millions to
Tax.

Company, and Swift Live Stock Trans.
portation Company. corporations Of the
State Of Maine.
Swift Beef Company. Limited, do
Ing business In Great Britain.
Swift Packing Company, selling
agents for Swift and Company, Of iii.
nois, In Germany.
Swift and Company, Of Illinois, are
said to own large blocks Of stock In
the Union Stock Yards Company, Of
Omaha, the Kansas City Stock Yards
Company, the Fort Worth Stock Yards
Company, the st. Joseph Stock Yards
Company and the st. Paul Union Stock
Yards Company.
Besides the corporations already
named, tho Swifts are said to own and
absolutely control LIBBY, Mcneil and
Libby. Of Maine; John =. Squire and
Company, New Jersey corporation.
with big packing plant In Cambridge.
Mass. and branches all over New Eng.
land: Boston Packing and Provision
Company, Of Massachusetts; New Eng.
land Dressed Meat and Wool Company,
Of Maine; North Packing aud Provision
Company, Of Maine: sperry and Barnes
Company, Of Connecticut; sturtevant
and Haley. Of Boston; r. Merwin Com.
pany, Worcester, Masa: Springfield
Provision Company, Springfield, Mass. (;
White, Percy and Dexter Company,
Worcester. Mass. Halstead and Com.
pany, New York; G. II. Davis and Co..
Norwich, Conn; Bimblcr. Van Wage.
men and Company, Newark. New Jer.
sey.
The capital stock of all Of the above
corporations being owned In Chicago.
Why don't the people Of Chicago got
the benefit Of It?
The Board of Review certainly ought
to get enough out of them to enable
the city to equip good street car line.
Armour and Company, a big Chicago
and Illinois corporation, owns q great
deal Of stock In outside corporations.
Among others Armour and Company,
Of New Jersey.
The following taken from pages POI
and ?O2 Of the report Of the United
States Commissioner Of Corporations.
tells US something upon this subject 4:
'.rhe New Jersey corporation was
formed for the purpose Of transactlng
certain business which the Illinois
corporation was not authorized to
transact. Armour and Company, of
New Jersey operates practically all
the branch houses for the sale of beef
and other packing house products sup.
piled by Armour and Company, Of ILL.
nOls. 1t also owns the Armour pack.
Ing houses ut Sioux City and Fort
Worth. For convenience the accounts
Of Armour and Company, Of New Jer-
sey are carried on the books of Armour
and Company, of Illinois. To ascertain
the business transactions OF the New
Jersey corporation, 1t Is merely neces'
sary to take the accounts relating to
the branch houses and those relating
to tho Fort Worth and Sioux City
packing houses, The company, how
| cNcV, 10 ScuuiHc Ohct huNtuS IuTBt
actual assets of Its own, not mere
paper name. 1t has no separate books
and no profits separate from those ap
pearlng In the accounts Of Armour and
Company, of Illinois"
After reading the above from the
report of the United States Commits
sioner Of Corporations, we would LIKE
to ask where our Board Of ASSESSOR
and Board Of Review have been2
And then the following might CLAIM
the attention of the Board Of Review
Armour Car Lines Company-Nev
Jersey; $75O.OOO stock. Directors ant
owners; ]. Ogden Armour and asso
clates.
Armour Grain COmpany--New Jor
sey; $1,O0O,OOO stock. Directors an,
owners: j. Ogden Armour and asso
ciates.
National Packing COmpany-Ney
Jersey; $15,OOOOOO stock. Director
, and owners: j. Ogden Armour, l..
Swift, II. +. Swift, Edward Morris
! Ira N. Morris, Il. ]. Connors. Thoma