Chicago eagle. [volume] (Chicago, Ill.) 1889-19??, 1908-04-04


$3.50. $40 and 341, gives the following
facts about Swift 4 Company, that
great corporation which the Board Of
Assessors could only discover $4,000.
900 belonging to:
Swift & Cempnny-Organized April
I, 1885.
Capital Stock. s5o.oooooo. all Of one
class, Of the par value Of 500 per
abare.
Dlvidends-Seven per cent per an.
nun In quarterly dividends Of ~ per
cent, January, April, July and October.
Earnings--The report for the year
ending December 81, 1000, shows net
earnings were equal to II per cent
on the capital Of $5O,OOO.O00. After
payment Of the regular Z per cent
dividend, there was added to the sur.
plus account $2.5OO.OOO. equal to 8 per
cent on the capital stock. increasing
the total surplus to $1?,400.OO5. The
company's gross business was consld.
ernbly over 500, 5000 and the item
of quick assets was increased $l5,5o3,.
732.
The balance sheet Of December 81.
1905. shows total Of assets on hand
Of $0?,716.S47.
And this Is the concern that is taxed
on one.fifth Of $3.OO0,O00!
The "quick assets" OF this concern,
chat IL, personal property available for
Immediate use us money, was listed rs
follows on September %, 1906:
Cash ................... 3,lVO,0V.
Accounts receivable ....... 20,33O,S0l
Inventory ......... ..... Sl,S34'oI4
Stocks and bonds ........ 11,40S,SOO
Total ............ .... $Uo3o4''.V
The personal. property Of this con-
Germ. Increased from $4?,10S, l40 In
1904, to $4O,s2O, DOT In 1905, and from
the latter figure to $65,354. 100 In 1901
This il exclusive Of the capital stock
Of $5O.OOO,OOO.
Making a total Of personal property
owned by Swift & Company In Chi
cago at the beginning Of 1907 Of over
Sll5.OOO!OOO.
And vet the Board Of Assessors value
its holdings ut only $3,0OO,OOO and tax
It on one.hfth OF this amount.
What do you think Of that?
Swift aud Company, the corporation
should pay taxes on Its $oO.Ooo'OOt
capital stock according to the laws Of
illinois.
The assessors have listed its per
sonal holdings at only $3.OOO.OOO.
Nor is this oil.
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 Its officers own In cor
poratlons outside the State?
Perhaps we may help them by quot
ing the following list Of outside cor
porations owned by Swift and Com
pany, of Illinois, according to the re
port Of the United States Commission
err OF Corporations:
Swift and Company, of Maine, a col
poration which sells the output Of Swift
and Company, of Illinois, In the Ne,
England States and parts Of New YOr
and New Jersey, and owns a contro
ling interest In the firms Of the, Swli
Beef Company, Of Boston; G. =. an
z. G. Swift, Boston; g. F. Swift an
Company. Boston, and N. =. Holl
and Company, Boston, Massachusetts,
Swift and Company, Of West vi
ginia, which operates many brancht
In several different States for selllr
beef, pork. mutton, canned goods, ett
etc.
Swift and Company, Of New Yor
wb!ah controls large number
hraach houses In the State Of Ne
York, all doing big business.
Swift Fsrtiliase Works, engaged
manufacturing fss.llizers In the Sta
Of Georgia.
Swift RefriperatOP TransDOrtati III