Chicago eagle. [volume] (Chicago, Ill.) 1889-19??, 1908-05-02


$50. $40 and BAL, gives the following
facts about Swift 4 Company, that
great corporation which the Board Of
Assessors could only discover $780,.
600 belonging to:
Swift 4 Company-Organixed April
I, 1885.
Capital Stock, s50. 100000. all Of one
class, Of the par value Of 500 per
sbare.
blvidends--seven per cent per an.
mum In quarterly dividends Of IN per
cunt, January, April, July and October.
Earnings-The report for the year
ending December 81, 1909, shows net
earnings were equal to ~ per cent
on the capital Of &5O.000.O00. After
payment Of the regular Z per cent
dividend. there was added to the sur.
plus account $2.500.000. equal to 8 per
cent on the capital stock, increasing
the total surplus to $12, 400O06. The
company's gross business was conSid.
erabiy over $500 900 and the item
of quick assets was Increased $1b,653,'
732.
The balance sheet Of December 81,
1900, shows a total Of assets on hand
Of $92.710.S47. !.
And this 10 the concern that 10 taxed
on one-fifth Of 100000!
The "quick assets" Of this concern,
that Ia, personal property available for
immediate use as money, was listed M
follows ON September %, 1908:
Cash 3,10O.602
Accounts receivable ....... D,SSo'S4!
Inventory ........ ....... Sl'oo4'osS
Stocks and bonds ........ 11.40S,SOO
Total 800. go. 500, 1854, 720
The personal property Of this con-
Germ. increased from $42.10S,14O In
1904, to $40.s2O. DOT In 1905, and from
the latter figure to $05. 354, 720 In l0Oo'
This Ia exclusive Of the capital stock
Of $5O.OO0OOO.
Making total Of personal property
owned BY Swift 4 Company In CHI
cago at the beginning Of 1907 OF over
Sii5.OOO.O0O.
And vet the Board Of Assessors value
lts holdings ut only 100000 and tax
Il ON one-fifth OF this amount.
What do you think Of that3
Swift and Company. the corporation,
should pay taxes on its $0OOOOVOo
capital stock according to the laws OF
illinois.
The assessors have listed IT. per
sonal holdings at only $3.OOO.O0O.
Nor IL this all
Swift and Company, Of Illinois, that
great corporation capitalized for $780,
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
pany, OF Illinois, according to the re
port Of the United States Commission
er of Corporations:
Swift and Company, Of Maine, cor
poration which sells the output Of Swift
and Company. of Illinois, In the New
England States and parts OF New Yorl
aud New Jersey, and owns . control
ding interest In the firms Of the Swift
Beef Company, Of Boston; @. =. AM
q. G. Swift. Boston; g. 3. Swift AM
Company, Boston. and N. H. Holli
and Company, Boston. Massachusetts.
Swift and Company. OF West VII
glnia, which operates many branchs
In several different States for sellin
beef, pork, mutton, canned goods etc
etc.
Swift and Company. Of New Yorl
which controls q large number q
braach houses In the State OF Me-
fork, all doing q big business
Swift FsrlillaDe Works engaged I
manufacturing ter.AlIsess In the Stat
Of GEORGIA.
/. ssift Refrigerator Transportatio