Chicago eagle. [volume] (Chicago, Ill.) 1889-19??, 1908-02-29


$50, $40 and 341. gives the following
facts about Swift & Company, that
great corporation which the Board Of
Assessors could only discover $780,.
600 belonging to:
Swift 4 Company-Organixed April
I, 1885.
Capital Stock. s5O.00O.O0O. all Of one
class, Of tho par value Of 500 per
Ahnre.
Divldends-sevcn per cent per nm.
mum In quarterly dividends Of ~ per
cent, january. April. July and October.
Enrnings-Thc report for the year
ending December 81. 1900, shows net
earnings were equal to ~ per cent
on tho capital Of &JO.O00.O00. After
payment Of the regular Z Tcr cent
dividend, there was added to the sur.
plus account $4,000. 900. equal to o per
cent on the capital stock. increasing
the total surplus to $12.408.0OS. The
compony's gross business was consld.
erably over $500. 900. 900 and the item
Of quick assets was Increased 916,563,.
732.
The balance sheet Of December 81.
1000, shows a total Of assets on hand
Of $02.7l0.S47.
And this 10 the concern that 10 taxed
on one.fifth Of 100000!
The "quick assets" Of this concern,
that il, personal property available for
Immediate usc as money, was listed as
follows on September 20, 1900:
Cash ................... 3,1OO.602
Accounts receivable ....... ?O.33O,eOi
Inventory ....... ...'.. <t'oo4'oss
Stocks and bonds ........ 11,4OS,SOU
Total ...........'' '$oO'oOS'so
The personal property Of this con-
Germ. Increased from s42.106, 40 In
1904, to $4O,S2O.007 In 1905, and from
the latter figure to sos 4.72o In 1906
This IL exclusive Of the capital stock
Of $5O,OOO.OOO.
Making a total Of personal property
owned by Swift 4 Company In Chi
caro at tho beginning OF 1907 OF over
lll5.OO0.OOO.
And vet the Board Of Assessors value
Ito holdings ut only $3.OOO.OOO ana taS
II on one.fifth OF this amount.
What do you think Of thatf
Swift and Company, tho corporation
should pay taxes on Id e6O.O0O.OO|
capital stock according to the laws o.
Illinois.
The assessors have listed IT. per
sonal holdings at only 100000.
Nor IL this all
Swift and Company. Of Illinois. tina
great corporation capitalized for $50,
100000 should pay taxes on every DOL
lars worth OF stock It owns In foreigl
corporations.
Has the Board Of Review ever takel
any steps to ascertain how much tn
corporation or its officers own In col
poratIons outside the Slater
Perhaps we may help them BY quot
Ing the following list Of outside col
porations owned BY Swift and Com
pany, Of Illinois. according to the n
port of the United States Commission
or Of Corporations:
Swift and COMPANY, Of Maine. . col
poratlon which sells the output OF Swif
and Company, Of Illinois. In the Me-
England States and parts Of New Yor
and New Jersey. and Gyms q contro
ling interest In the firms OF the Swil
Beef Company, Of Boston; @. =. an
r. G. Swift, Boston: q. =. Swift an
Company, Boston, aud N. d. Holll
and Company. Boston. Massachusetts
Swift and Company. Of West vi
ginIa, which operates many brauchl
In several different States for sellir
beet. pork. mutton, canned goods ets
etc.
Swift and Company, Of New Yor
which controls large number {
rraAch houses In the State OF Ne
York, all doing Q big business
Swift Fsrtiliaog Works. snsagsd
manufacturing ts.@lissrs In the Sta
OF Georgia.
Swift Refrigerator Tranportatlt