Chicago eagle. [volume] (Chicago, Ill.) 1889-19??, 1908-02-08

"Chicago Securities" for 1907. pages
$50. $40 and BAL, gives the following
facts about Swift 4 Company, that
grent corporation which the Board Of
Assessors could only discover $780,.
900 belonging to:
Swift 4 Company Organized April
I, 1885.
Capital Stock. s50.00o,000. all Of one
class, Of the. par value Of 500 per
SHARE.
Dividends-Sevcn per cent per an.
mum in quarterly dividends Of ~ per
cunt, 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 S5O.OOO.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 912.408O06. The
coiupany's gro0 business was consid.
erably over 600 000.0 900 and the item
Of quick assets was increased &l5,653,.
732.
The balance sheet Of December 81,
1908. shows q total Of assets on hand
Of 902,716,847.
And this 10 the concern that 10 taxed
on one-hfth Of $3,O00.O00!
The "quick assets" Of this concern,
that ID. personal property available for
immediate uae % money, was listed %
follows on September 20, 1905:
Caeh .....................$ 3,100.802
Accounts receivable ....... 21,8SO'S0i
Inventory ....... ...... El,SS4'0t4
Stocks and bonds ........ 11.4OS,SOO
Total ............. 80. sos. 3J4, 720
The personal property Of this con.
Germ, increased from &42,10 40 IN
1904, to GOT In 1905. and from
che latter figure to $05. S64. 7c0 In 1906
This 10 exclusive Of the capital stock
OF 100000.
Making a total Of personal property
owned by Swift 4 Company In CHI
caso at the beginning Of 1907 Of over
3il6.O00O00.
Aud vet the Board Of Assessors value
Ito holdings at only 100000 aud tax
Il ON One.nfth Of this amount.
What DO you think Of thatf
Swift and Company, the corporation,
should pay taxes on Ito $50.OOO.O0o
capital stock according to the laws OF
illinois.
The assessors have listed IT. per-
sonai holdings at only 100000.
Nor 10 this all.
Swift and Company, Of Illinois. that
great corporation capitalized for $780,
100000 should pay taxes on every DOL
lars worth Of stock It owns In foreign
corporations.
Has the Board Of Review ever taken
any steps to ascertain how much the
corporation or its ofhcers own In cor
porations outside the slater
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
or OF Corporations:
Swift and COMPANY, Of Maine. q cor
poration 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 . control
ling interest In the Arms OF the Swift
Beef Company, Of Boston; q. B. AMI
q. g. SWIFT Boston; @. 3. Swift and
Company, Boston. and N. q. HolliI
and Company. Boston, Massachusetts
Swift and Company. Of West VII
sinia, which OPERATES many brauche
In several different States tor GelllnI
beet, pork, mutton. canned goods stc
etc.
Swift and Company. Of New Yorl
which controls large number 0
hrAnch houses In the STATE OF Nev
Fork. all doing . big business
Swift Tsstlliaas Works engaged 4
manufacturing llrllissrs In the stat
OF Georgia.
Swift Refrigerator Transportatlo