Chicago eagle. [volume] (Chicago, Ill.) 1889-19??, 1908-01-04

''CnlC0RO securities tOr 1UUl, p0HeS
$50. $40 and 341, gives the following
facts about Swift 4 Company, that
great corporation which the Board Of
Assessors could only discover $780,.
600 belonging to:
Swift & Company-Organlzed April
/, 1885.
Capital Stock, $4,000, 900. all Of one
class, Of the par value Of 500 per
share.
ividends-Seven per cent per an.
mum In quarterly dividends Of IN per
cent, January, April, July and October.
Earnings-The report for the year
ending December 81, 1000, shows net
earnings were equal to u per cent
on the capital Of $50.OO0.O00. After
payment OF the regular Z per cent
dividend, there was added to the sur.
plus account $?.5OOO0O. equal to 8 per
cent on the capital stock, increasing
the total surplus to 81, 400.OO6. The
company's gross business was consid'
erably over $500. 100000 and the item
Of quick assets was increased $16,Oo3,'
732.
The balance sheet Of December 81,
1000, shows total Of assets ON hand
OF $0?,710,S47.
And this Is the concern that 10 taxed
on one-fifth Of 100000!
The "quick assets Of this concern
that In, personal property available for
immediate use as money, was listed as
follows on September 20, 1903:
Caah ..................: o'IoV'ooc
Accounts receivable ....... 20,33o'eOi
Inventory ......'. ''''''' s. CO
Stocks and bonds ........ ll'aVo'ooo
TOt0l ........sssss ssss'$Vc'o"s'~"
The uersonal property Of this con-
corn. Increased from $42.10S,l 4O IN
1904. to $40, $780, O7 in 1905. and from
the latter figure to sos ITO In looo
This il exclusive Of tho capital stock
OF $5O.OOO.O0O. ...,.,
Making total Of personal property
owned BY Swift 4 Company In chi
caso at the beginning Of 1907 OF over
1ll5.OOO.OOO.
And vet the Board Of Assessors valve
its holdings ut only &S.OOO,OOO ana 'aA
II on one.tifth Of this amount.
What do you think OF thatF
Swift and Company, the corporation
sl,ould nay taxes on its $oo.WO"N
capital stock according to the laws o.
The assessors have listed it, per
.onal holdings at only $3.OOO.O00.
Nor Ia this oil.
Swift and Company, OF illinois, ina
xreat corporation capitalized for $oo.
100000 should pay taxes on every ao'
lars worth Of stock 1t owns IN 1ore's'
corporations. .,,o,
Has the Board of Review ever take'
any stems to ascertain how much TN
corporation or Its officers own IN COZ
poratlons outside the Slater
Perhaps we may help them BY quot
,ng the following list Of outside cor
ooratlons owned by Swift and Com
nany. OF Illinois, according to the re
port of the United States Commission
err Of Corporations:
Swift and Company, Of Maine, COZ
porution 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 firms OF the swif
Beef Company. of Boston; g. II. an
y. G. Swift, Boston; G. +. Swift an
Company, Boston. and N. p. Holli
and Company. Boston. Massachusetts,
Swift and Company. OF West VII
ginia, which operates many branche
In several different States for seitin
beef, pork, mutton, canned goods. etc
etc.
Swift and Company, Of New Yorl
which controls a large number q
nranch houses In the State OF Me-
fork, all doing q big business
Swift gsralisae Works. engaged !
manufacturing fsrilisers In the Stat
Of osea0Ia,
Sw:s. ssfriserator Ttanssortatio