Chicago eagle. [volume] (Chicago, Ill.) 1889-19??, 1908-03-21


$50. $40 and 341, gives the following
facts about Swift 4 Company, that
great corporation which the Board Of
Assessors could only discover $780,.
600 belonging to:
Swift & COmpany-Organlzed April
1, 1885.
Capital Stock, s5O,0OO.OO0. all Of one
class. Of the par value Of 500 per
ahare.
Dividends per cent per an
mum In quarterly dividends Of ~ per
cont, January, April, July and October.
Earnings-The report for the year
ending December 81, 1905, shows net
earnings were equal to - per cent
ON the capital Of $5O.00OOOO. After
payment Of the regular per cent
dividend, there was added to the sur.
plus account $2.5OOOO0. equal to 8 per
cent on the capital stock. increasing
the total surplus to $12.408.OO5. The
compnny's gross business was consld.
erabIy over 500. 100000 and the item
Of quick assets was increased $685..
T32.
The balance sheet Of December 81,
1900. shows n total Of assets on hand
Of s02,718.S47.
And this Is the concern that Is taxed
on one-fifth Of 100000!
The quick assets" Of this concern,
that IL. personal property available for
immediate use rs money, was listed as
follows on September 20. 1906:
Cash 3l0O,6O2
Accounts receivable 5000. 2O,33O,sOl
Inventory ........ ..s''.' Si'oo1'oe1
Stocks and bonds ........ 11,A0S,eOU
Total ............. ''$oo'oo9''so
The personal property Of this con-
Germ. increased from 81, los, 40 In
1904. to $40, 1907 In 1905. and from
the latter figure to $05.354. 100 in 1906
This Is exclusive Of the capital stock
Of $5OOOO.O0O.
Making a total of personal property
owned by Swift 4 Company In CHI
caro- at the beginning Of 1907 Of over
1ll6.OO0.O00.
And vet the Board Of Assessors value
its holdings ut only &3OOO!OOO ana taS
n ON one.fifth OF this amount.
What do you think Of thatF
Swift and Company, the corporation
should pay taxes on its $5O.O00'V
capital stock according to the laws o.
Illinois.
The assessors have listed IT. per
sonal holdings at only 100000.
Nor 10 this oil.
Swift and Company. Of Illinois, tina
great corporation capitalized for $780,
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 Its officers own In COL
poratlons outside the State?
Perhaps we may help them BY quot
lng the following list Of outside col
porations owned by Swift and Com
pany, of Illinois, according to the r.
port Of the United States Commission
err of Corporations:
Swift and Company, Of Maine. col
poratlon which sells the output Of Swift
and Company, of Illinois, In the Ne'
England States and parts Of New Yor
aud New Jersey, and owns a contro
ling interest In the firms Of the Swil
Beef Company, of Boston; G. =. an
u. G. Swift. Boston; G. +. Swift an
Company, Boston, and N. p. Hoil
and Company, Boston, Massachusetts
Swift and Company, Of West vi
ginla, which operates many branch'
In several different States for solllr
beef. pork. mutton. canned goods, et'
etc.
Swift and Company. Of New Yor
which controls 4 large number
branch houses In the State Of Ne
York, all doing q big business
Swift Fsrtililog Works. engaged
manufacturing fsrAlizers In the Sta
Of Georgia.
swift Refrigerator Transportatl'