Chicago eagle. [volume] (Chicago, Ill.) 1889-19??, 1908-03-07


$40. $40 and 341, gives the following
facts about Swift & Company, that
great corporation which the Board Of
Assessors could only discover $780,.
600 belonging to-:
Swift & Company-Organized April
I, 1885.
Capital Stock. s5OOOO.OO0. all Of one
class, Of the par value Of 500 per
share.
Dividends-Seven per cent per an
mum In quarterly dividends Of ~ per
cent. January, April. July and October.
Earnlngs-The report for the year
ending December 81. 1905, shows net
earnings were equal to II per cent
on the capital Of $5OOO0.OOO. After
payment Of the regular 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 $12.408.O05. The
company's gross business was consid.
erabiy over 500. 900. 900 and the item
1T quick assets was increased $15,553,.
T3c.
The balance sheet of December 81.
1900. shows a total Of assets ON hand
of $O?,718.S47.
And this IL the concern that Is taxed
on one-fifth Of $3.O0O,0OO!
The "Quick assets Of this concern.
that IN, personal property available for
immediate use as money, was listed as
follows OH September 20, 1906:
Cash ................... 3,l0O'OW!
Accounts receivable ....... 20,33O,S6l
Inventory ........ ....'. Sl'5o4'o1
Stocks and bonds ........ 1l,40S,SOo
Total ,............ 49,. SOS, 1854. 720
The personal property Of >this con-
Germ. increased from $42,10S,14O In
1904. to $40, 800, 907 in 1905, and from
the latter figure to $05.354,7 40 In 1905
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
Sll5OOO.OOO.
And vet the Board Of Assessors value
Its holdings Mt only $3.OOO,OOO and tax
II on one.hfth of this amount.
What do you think Of that?
Swift and Company, the corporation,
should pay taxes ON Its $5OWO'Ooo
capital stock according to the laws OF
Illinois.
The assessors have listed its per-
sonal holdings at only $3.OOO.OOO.
Nor Ia this oil.
Swift and Company, Of Illinois, that
great corporation capitalized for &c.,
100000 should pay taxes ON every dol
lars worth of stock 1t owns In foreign
corporations.
Has the Board of Review ever taken
any steps to ascertain how much the
corporation or Its officers own In cor
poratlons outside the Slater
Perhaps we may help them by quot
Ing the following list Of outside cor
porations owned by Swift and Com
many, of Illinois, according to the re
port Of the United States Commission
er Of Corporations:
Swift and Company, Of Maine. cor
poratlon which sells the output OF Swift,
and Company, Of Illinois, In the New
England States and parts of New Yorl
and New Jersey, and owns a control
llng interest In the firms Of the Swift
Beef Company. of Boston; G. +. ant
E. G. Swift, Boston; g. +. Swift ant
Company. Boston. and N. =. Holli
and Company, Boston. Massachusetts.
Swift and Company, Of West VII
Qlnla, which operates many branche
In several different States for sellin
beef, pork. mutton. canned goods. etc
etc.
Swift and Company, Of New Yorl
which controls large number
hraAch houses In the State Of Ne'
Fork, all doing big business
Swift FsrtilinDe Works. engaged
manufacturing isr1lisers In the Stat
of Georgia.
Swift Refrigerator Transportatio