Chicago eagle., 1908-02-01

"Chicago Securities" for 1907. pages
33D. $40 and 341, gives the following
fncts about Swift 4 Company. thnt
great corporation which the Board Of
Assessors could only discover S3.O0O..
600 belonging to:
Swift 4 Company--Organized April
!, 1885.
Capital Stock, s5O.OOO.OOO. all of one
class, of the par value Of 800 per
aharc.
Divldcnds-Sevcn per cent per an.
mum In quarterly dividends Of ~ per
cent, January, April. July and October.
Eainlngs--rhc report for the year
ending December n, 1000. shows net
earnings were equal to ~ per cent
on the capital Of S5O,OOO,OOO. After
payment Of the regular per cent
dividend. there was added to the sur.
plus account S2.5OO,O 900. equal to 8 per
cent OH the capital stock. increasing
the total surplus to $12,400OO5. The
c0mpany's gross business was c0nsld.
erably over $2OO.OOOOOO and the item
Of quick assets was increased $15.053,.
I3c.
Tho balance sheet Of December 81,
1906. shows u total Of assets on hand
Of $0o.71G.S47.
Aud this Is the concern that ls taxed
on one.ffth Of $3.O0O.OO0!
The "quick assets OF this concern,
that II. personal property available for
immediate use Us money. was listed as
follows on September %. 1909:
Cash ............... 3,1W,OV.
Accounts receivable $1,000. 20,33O.S6l
Inventory ......... ...... <l,oo7,oSf
Stocks and bonds ........ 11,40S,sOO
Total .......... .$O0,304,I:o
The personal property OF this con-
Germ, increased from $i2,10S,l4O In
1904. to Si0,soO,007 In 1905, and from
the latter figure to $65,354.720 In 1905.
This is exclusive of the capital stock
OF $5O.OOO,OOO.
Making a total Of personal property
owned by Swift 4 Company In Chi.
cago mt the beginning Of 1907 OF over
3l15,OO0OOO.
And yet the BOard Of Assessors value
Its holdings ut only $3OOO.O0O and tax
It on One-fifth Of this amount.
What do you think Of that?
Swift aud Company, the corporation,
should pay taxes ON Its $0O.OO0OOO
capital stock according to the laws Of
Illinois.
The assessors have listed Its per.
sonal holdings at only $3.OOO.OOO.
Nor Is 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.
porations outside the Slater
Perhaps we may help them by quot.
Ing the following list Of outside cor.
poratlons 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. a cor
poratlon which sells the output Of Swift
ana Company, OF Illinois, In the New
England States and parts Of New York
and New Jersey, and owns control.
ling interest In the firms of the Swift
Beef Company, of Boston; G. F. aud
u. G. Swift, Boston; G. +. Swift and
Company, Boston, and N. u. Hollis
and Company, Boston, Massachusetts,.
Swift and Company. of West vir.
glnia. which operates many branches
In several different States for selling
beef, pork, mutton, canned goods, ETC..
etc.
Swift ana Company, of New York,
which controls large number Of
hrhach houses In the State Of New
Fork, all doing q big business
Swift Fsrtiliase Works, engaged In
manufacturing fssAllzers In the State
OF GEORGIA.
Swift Refrigerator TRANSFORMATION