Chicago eagle. [volume] (Chicago, Ill.) 1889-19??, 1908-02-15

Chicago Securities" for 1907, pages
$40. $40 and 341. gives the following
Tacts about Swift 4 Company, TINT
s2reat corporation which the Board Of
Assessors could only discover $780,.
900 belonging to:
Swift & Company-Organlzed April
I, 1885.
Capital Stock. s5o.ooo0Oo. all Of one
.class, Of the par value Of 500 per
'Ahare.
Dlvidends-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, 1900. shows net
earnings were equal to ~ per cent
on the capital Of &J0.000.O0O. After
payment Of the regular Z per cent
dividend, there was added to the sur.
plus account $2.5O0 900. equal to 8 per
cent on the capital stock. increasing
the total surplus to 12,408.O06. The
.compnny's gross business was c0nsid.
.erably over 9200.O00.000 and the item
OF quick assets was increased $685.
'v32.
The balance sheet Of December 81,
1000. shows total Of assets on hand
OF S02.7l6S47.
And this 10 the concern that 10 taxed
on one-fifth Of S3,00O.000!
The "qulck assets" Of this concern.
chat IL. personal property available for
vnnuedlate use a. money, was listed %
follows ON September 20. 1905:
Cash ................ SlvO'Ovs
Accounts receivable ....... D'SSO,e0i
Inventory ........ ....... .l,14'5I4
stocks and bonds ........ 11.40S,SOO
Total ,,........... go. .e8S, 1854, TO
The personal property Of this con.
.cern, increased from $4?.10S.14O' IN
1904, to 340.S20007 In 1905. and from
the latter figure to $05,35a.720 In 1908.
This IL exclusive Of the capital stock
OF s5O.OOO.OOO.
Making q total Of personal property
owned by Swift 4 Company In Chi.
caso at the beginning Of 1907 Of over
tli5.O00O00.
And vet the Board Of Assessors value
tts holdings ut only @S,OOO.OOO and tax
NJ On one-nfth OF this amount.
What do you think Of that3
Swift and Company. the corporation
,Should pay taxes ON Ito $5OOOOVO0
capital stock according to the laws Of
illinois.
The assessors have listed IT. per-
,sonal holdings at only $3.OOO.O0O.
Nor 10 this all
Swift and Company, OF Illinois. that
great corporation capitalized for $780,
100000 should pay taxes on every dol
sar's worth OF stock 1t owns In foreign
corporations.
Has the Board Of Review ever taken
any steps to ascertain how much thu
cerporatl0n or tn officers own In cor
Dorations outside the State?
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 aud 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
and New Jersey, and owns control
ling interest In the firms Of the Swift
Beef Company, OF Boston; @. =. an'
e. G. Swift. Boston; g. +. Swift ant
Company, Boston, and N. p. Holli
and Company, Boston. Massachusetts.
Swift and Company, OF West VII
GINA, which operates many branche
In several different States for sellin
beef, pork. mutton. canned goods. etc
etc.
Swift and Company, Of New Yori
which controls Z large number q
branch houses In the State Of Me-
York. all doing Q big business
Swift ysstiliass Works. engaged I
manufacturing tss1lisers In the Stat
.of Georgia.
Swift Refrigerator TranPortatio