Chicago eagle., 1908-03-14

CuIC0E0 CeCurltleo IOr lUUSs puBo0
800. $40 and 341, gives the following
facts about Swift 4 Company, that
great corporation which the Board Of
Assessors could only discover $3,O00-
600 belonging to:
Swift I Company-Or Organized April
4, 1886.
Capital Stock. s5o.oo0o 900. all Of one
-class, Of the par value Of 800 per
SHARE.
Dividends seven per cent per an.
mum In quarterly dividends Of ~ per
cont, January, April. July and October.
Earninss-The report for the year
ending December 81, 1908, shows net
earnings were equal to IL per cent
on the capithl Of S50.O00.O00. After
payment Of the regular Z per cent
dividend, there was added to the sur.
plus account @2,H00O00. equal to 8 per
cent on tha capital stock. increasing
the total surplus to e12.Ae6.006. The
.company's gros business was consid.
.erably over 600. .O00.0 900 and the item
of quick assets was increased $685..
v32.
The balance sheet Of December 81,
1908. shows total Of assets on hand
of $02. .710,e47.
And this ID the concern that 10 taxed
.on one.fifth Of 100000! M
The quick assets'' Of this concern.
chat IL, personal property available for
immediate use a. money, was listed a.
follows on September 20, 1905:
Cash h.....................4 3,100, ,002
Accounts receivable ....... 29.380,S0i
Inventory ......... ....... xlsSSs'oI4
Stocks and bonds ........ 11,40S,SOO
Total ............. 80. .466. .S64, ,720
The personal property Of this con-
cern, increased from e42.10S,140 In
1904, to S4O.s2O,007 in 1905. and from
the latter figure to $60 1854, ,720 In 1900.
This is exclusive Of the capital stock
Of $5O.OO0.0O0.
Making total Of personal property
owned by Swift 4 Company In CHI
cago at the beginning Of 1907 Of over
tll5,OO0,O00.
And vet the Board Of Assessors value
4ts holdings ut only @8.00O.000 and tax
1t on one-ffth Of this amount.
What do you think Of that7
Swift and COMPANY, the corporation,
should pay taxes on its $t0.O00O00
capital stock according to the laws OF
Jllinois.
The assessors have listed IT, per.
vonal holdings At only 100000.
Nor ID this all
Swift and Company, Of Illinois, that
Great corporation capitalized for $780,
100000 should pay taxes on every DOL
lars worth Of stock Il owns In foreign
corporations
Has the Board Of Review ever taken
any steps 70 ascertain how much thu
corporation or ID onicsrs own In cor
poratlons outside the statsi
Perhaps W may hslp them By quot
Ing ths following list Of outside cor
porations owned By Swift and Com
pany, OF Illinois. according TO the -
port Of ths Unitsd States Commission
er Of Corporations:
Swift and COMPANY. Of Maine. cor
poration which cells the output Of Swift
and Company, Of illinois, In the New
England States and parts Of New Yorl
and New Jersey, and owns Q control
ling interest In the firms OF the Swift
Beef Company, Of Boston; @. =. and
q. @. Swift Boston; q. =. Swift and
Company, Boston, and N. y, Hollil
and Company, Boston. Aassachusstta
Swift and Company. Of West VII
ginia, which operates many branche
In several different States for sslllnl
beef, pork. mutton, canned goods stc,
etc.
Swift and Company, Of New Yorh
which controls large number Q
trAache houses In the State Of Nsv
FORK, all doing . big business
Swift Fsrtiliole Works. engaged Il
manufacturing tsrAlisers In the stat
OF Georgia.
Swift Refrigerator Transportatio