Chicago eagle. [volume] (Chicago, Ill.) 1889-19??, 1908-01-18

800. $40 and 341. gives the following
facts about Swift 4 Company, that
ereat corporation which the Board Of
Assessors could only discover $780,.
600 belonging to-:
Swift 4 Company-Organized April
I, 1885.
Capital Stock. s5o.o0o,0oo. all Of one
clHss, Of the par value Of 500 per
Abare.
Dlvidends-seven per cent per an.
mum In quarterly dividends Of ~ per
cunt, January. April. July and October.
Earnlngs-The report for the year
ending December 81, 1909, shows net
earnings were equal to !? per cent
on the capital Of &50.O00.O00. After
payment Of the regular Z per cent
dividend. there was added to the sur.
plus account $4,000. 100. equal to 8 per
cent on the capital stock. increasing
the total surplus to $1?.400.006. The
company's gross business was consid.
erably over e200. 100000 and the item
Of quick assets was increased $685..
732.
The balance sheet Of December 81.
1905. shows q total Of assets on hand
Of 90. 710.S47.
And this 10 the concern that 10 taxed
on onenfth Of 100000!
The 'Quick assets" OF this concern,
that II. personal property available for
immediate use On money. was listed a.
follows ON September %, 1905:
Cash ................. 31OO,OV:
Accounts receivable ....... ?0,3SO66l
Inventory ..:.... ....... xlsSS4,3t4
Stocks aud bonds ........ 11.40S.SOO
Total ............ $500 U0,804,1:O
The personal property Of this con.
Germ, Increased from $42.l08,l40 In
1904, to $40, 620,007 In 1905, and from
the latter figure to @05,s54, 40 In 1905.
This ID exclusive Of the capital stock
OF $5OOo0.000.
Making q total Of personal property
owned BY Swift 4 Company In Chi.
cage at the beginning Of 1907 Of over
3ll5,0o0.O00.
Aud vet the Board OF Assessors value
its holdings at only 100000 aud tax
It on ons.nfth Of this amount.
What Do you think OF thatf
Swift and Company, the corporation
should pay taxes on II e5o,O00.O0Q
capital stock according to the laws Of
illinois.
The assessors have listed IT. per
sonal holdings at only 100000.
Nor 10 this all
Swift and Company, OF Illinois. thai
great corporation capitalized for $50.
100000 should pay taxes on every dol
lars worth Of stock It owns In forelgr
corporations.
Has the Board Of Review ever takes
any steps to ascertain how much tn
corporation or IT. officers own In cor
poratlons outside the Slater
Perhaps We may help them By quot
lug the following list Of outside cor
poratIons owned BY Swift and Com
pany, OF Illinois, according to the 70
port Of the United States Commission
or Of Corporations:
Swift and Company, Of Maine. COZ
poratlon which sells the output Of Swift
aud Company, Of Illinois. In the New
England States and parts OF New Yorl
and New Jersey. and owns q control
sIng interest In the Arms Of the Swift
Beef Company, Of Boston; @. 3. an
T.. @. Swift, Boston; q. =. Swift an
Company. Boston, and N. d. Holli
and Company, Boston. Massachusetts.
Swift and Company, Of West VII
ginia. which operates many brauchs
In several different States for sellin
beet, pork, mutton. canned goods. etc
etc.
Swift and Company. Of New Yorl
which controls . large number q
branch houses In the STATE Of Ne,
Fork, all doing . big business
Swift Tss(1llaog Works snsaged
manufacturing hsHlisers n The Stat
Of oaoGUiA
sw:S sefrissratos Ttanavortatio