Chicago eagle. [volume] (Chicago, Ill.) 1889-19??, 1908-05-30

Chicago Securities" for 1907, pages
$50. $40 and 341, gives the following
facts about Swift & Company, that
great corporation which the Board Of
Assessors could only discover $1,000.
600 belonging to:
Swift 4 Company-Organized April
I, 1885.
Capital Stock, s50, 100000. all Of one
class, Of the par value Of 500 per
sbare.
Dividends-seven per cent per an.
mum In quarterly dividends Of IN per
csnt, January, April, July and October.
Earnings-The report for the year
ending December 81, 1908, 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 $500. 900. equal to 8 per
cent on the capital stock, increasing
the total surplus to $12'400,O06. The
company's gross business was consid.
erabiy over $500 O00. 900 and the item
Of quick assets was increased $685..
1872.
The balance sheet Of December 81.
1908, shows q total OF assets on hand
Of $02,718,S47.
And this IL the concern that IL taxed
ON one.nfth Of 100000!
The "quick assets" Of this concern,
that In, personal property available for
immediate use az money, was listed a.
follows on September 20, 1905:
Cash .................. 3'lVO'OSs
Accounts receivable ....... D,8SO,S0!
inventory ..... ...... Sl,6os'ot1
etocks and bonds ........ 11,496,SU
The personal property Of this con-
eern. increased from $42,10S, 40 In
1904. to S4o, $40, GOT In 1905, and from
the latter figure to e5,S54. 729 In 1905
This IL exclusive Of the capital stock
Of $50,O00.O0O.
Making total Of personal property
owned BY Swift & Company In Chi
caso at the beginning OF 1907 Of over
Oli5,000O0O.
And yet the Board Of Assessors value
tn holdines at only 100000 and tai
Il on one.6fth Of this amount.
what do you think Of that1
Swift and Company, ths corporation
should pay taxes on its $oO.OOOVVt
capltal stock according to the laws o.
Illinois.
The assessors have listed ID per
,onal 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 It owns In fore'g'
corporations.
Has the Board Of Review ever takel
any steps to ascertain how much tn
corporation or its officers own In col
porations outside the statsf
Perhaps we may help them BY quot
Ing the following list OF outside COZ
porations owned By Swift and Com
pany, OF Illinois, according to the n
port Of the United States Commission
or OF Corporations:
Swift and Company. OF Maine. . col
poration which sails the output Of Swift
and Company, Of Illinois. In The Me-
England States and parts Of New Yor
and New Jersey. and owns q contro
ling Interest In the Arms Of the Swii
Beef Company. Of Boston; @. =. an
Il. G. Swift Boston; g. y. Swift an
Company, Boston, and N. y. Holu
and Company. Boston, Massachusetts
Swift and Company. Of West vi
glnla, which Operates many branchl
in several different States for selllr
beef, pork, mutton. canned goods 81
etc.
Swift and Company, Of New Yor
which controls . large number {
traAch houses In the STATE Of Ne
York, all doing . big business
Swift ysstillasg Works. engaged
manufacturing lsSsilissrs In the Sta
OF Georgia.
swift Refrigerator Transportatit