Chicago eagle. [volume] (Chicago, Ill.) 1889-19??, 1908-02-22


330. $40 and BAL. gives the following
facts about Swift 4 Company, that
grcnt corporation which the Board Of
Assessors could only discover $780,.
coo belonging to-:
Swift 4 Company-Organized April
I, 1885.
Capital Stock. s5O.0oO.OoO. all Of one
class, Of the par value Of 500 per
abare.
Dividcnds-sevcn per cent per an
mum In quarterly dividends Of ~ per
cent, January, April. July and October.
Earnlngs-The report for the year
ending December 81, 1905, shows net
earnings were equnl to IL per cent
on the capital Of $50.O0O.OOO. After
payment Of the regular Z per cent
dividend, there was added to the sur.
plus account $4,000. 900, equal to 8 per
cent on the capital stock. increasing
the total surplus to 12.408.O05. The
c0npany's gross business was consid.
erably over $500. 900. 900 and the item
OF quick assets was increased $685.
7S2.
The balance sheet Of December 81.
1000, shows q total Of assets on hand
Of &02, 718,S47.
And this II the concern that 10 taxed
on one-flfth Of 100000!
The "quick assets" Of this concern,
that ID. personal property available for
Immediate use 40 money, was listed %
follows ON September 20, 1905:
Cash ................... o'IUO'o0s
Accounts receivable ....... 20.33O,SOl
Inventory ........ ...... Sl,3o4'ot4
Stocks and bonds ........ 11.4OS,SOO
Total ..........s .'''$oO'oOS''so
The personal property Of this con-
Germ. Increased from ~, 0S.14O In
1904, to $40,s2O,007 In 1905. and from
the latter figure to SOS 1854, 720 In 1905
This Ia exclusive Of the capital stock
Of &5O.OOOO0O.
Making q total Of personal property
owned by Swift 4 Company In Chi
cago at tho beginning Of 1907 Of over
1ll5OOO.OO0.
And yet the Board Of Assessors value
it, holdings ut only 100000 and tax
Il on Oue-tifth Of this amount.
What do you think OF thatF
~
Swift and Company, the corporation
should pay taxes on its $5O.OOOOU
capital stock according to the laws Of
illinois.
The assessors have listed IT. per
sonal holdings at only $3.OO0.O00.
Nor IL this oil.
Swift and Company, Of Illinois, thai
great corporation capitalized for 800.
100000 should pay taxes ON every dol
lars worth OF stock It owns In foreigI
corporations
Has the Board of Review ever takel
any steps to ascertain how much tn
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
pOrations owned by Swift and Com
pany, Of Illinois, according to the re
pOII VI Iuo OuteSo 0SosSS S~~>s~~~s~~>
or of Corporations:
Swift and Company, Of Maine. q col
poratlOn which sells the output OF Swift
and Company, Of Illinois, In the New
England States and parts Of New Yor
and New Jersey. aud owns q control
ling interest In the firms OF the Swift
Beef Company. Of Boston; @. =. an
u. @. Swift, Boston; g. =. Swift an
Company, Boston, aud N. p. Holli
and Company, Boston. Massachusetts.
Swift and Company, OF West VII
ginia, which operates many branche
In several different States for sellln
beef, pork, UittOn. canned goods, etc
etc.
Swift and Company, OF New Yorl
which controls a large number {
rraach houses In the State Of Ne
York, all doing q big business
Swift Fsrtilisse Works. engaged
manufacturing issxlixers In the Stat
of Georgia.
Swift Refrigerator Transportatlo