Chicago eagle. [volume] (Chicago, Ill.) 1889-19??, 1908-05-09

"Chicago Securities" for 1907, pages
$40. $40 and 341. gives the following
facts about Swift & Company, TINT
great corporation which the Board Of
Assessors could only discover $780,.
600 belonging to:
Swift 4 Company-Organlzed April
!, 1885.
Capital Stock, O.OO00 900. all Of one
clnss, Of the par value Of 500 per
sbare.
Dlvidends-seven per cent per an
mum In quarterly dividends Of IN per
CONT. 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 S50.000O00. After
payment OF the regular Z per cent
dividend, there was added to the sur.
plus account $4,000, 900. equal to 8 per
cent on the capital stock. increasing
the total surplus to 81. 6,OO6 The
company's gross business was consid.
erably over $500, 900. 900 and the item
Of quick assets was Increased $1b,568,'
T32.
The balance sheet Of December 81.
1905. shows total OF assets on hand
Of $O2,71O,S47.
And this IL the concern that 10 taxed
on one.ffth Of $3O0C,v00!
The quick assets Of this concern,
that In. personal property available for
immediate use as money. was listed ~
follows on September 20, 1906:
Cash .................. alvV'oVs
Accounts receivable 5000. "0,33O,S0l
Inventory ...... ......s Si'oo1'oe1
Otocks and bonds ........ 11,4Vo,oUU
Total ............ ...$0o,3o4,d2u
The personal property Of this con-
Germ. Increased from 42,108, 14O In
1904. to $40, $780, GOT In 1905. and from
the latter figure to &05, 1854, 720 In 1900
This Ia exclusive Of the capital stock
OF $5O,OOOOOO.
Making total Of personal property
owned by Swift & Company In Chi
caso at the beginning Of 1907 Of ove'
Ili5OOO.O0O.
And vet the Board Of Assessors value
lts holdings ut only 100000 and tai
It on. one.dfth Of this amount.
What do you think OF that3
Swift aud Company. the corporation
should pay taxa on its $6O.O0OOW
capital stock according to the laws o.
Illinois.
The assessors have listed IL per
sonal holdings at only 100000.
Nor 10 this all
Swift and Company, Of Illinois. tina
great corporation capitalized for $50
100000 should pay taxes on every dol
lars worth Of stock 1t owns In foreigl
corporations.
Has the Board Of Review ever takel
any steps to ascertain how much tn
corporation or Ito officers own In COL
porations outside the Slater
Perhaps we may help them BY quot
Ing the following list Of outside Col
porationy owned by Swift and Com
pany, Of Illinois, according to the n
port OF the United States Commissior
er Of Corporations:
Swift aud Company. OF Maine. q col
poration which sells the output Of Swift
aud Company. Of Illinois. In the Me-
England States and parts OF New Yor
aud New Jersey, and owns q contro
ling interest In the firms Of the Swil
Beef Company, Of Boston; @. =. an
u. G. Swift. Boston; q. =. Swift an
Company, Boston, and N. d. Holl
and Company. Boston. Massachusetts,
Swift and Company. Of West vi
Glnia. which operates many branch'
in several different States for ssllir
beef. pork, mutton. canned goods OF
etc.
Swift and Company. Of New Yor
which controls . large number
branch houses In the State Of Ne
fork, all doing . big business
Swift Tsstiliaog Works, engaged
manufacturing h.2lisers In the Ste
Of Georgia.
Swift Refrigerator Transportati'