Chicago eagle. [volume] (Chicago, Ill.) 1889-19??, 1908-01-25
Over Ninety.two Million Dollars Worth
Of Quick Assets On Hand
Just Now.
in Capital Stock All Paying
Dividends
And Yet the Board Of Assessors Gould ONLY
Find Three Millions to
Tax

Company, ana Swift Live Stock Trans.
portatlon Company, corporations of the
State Of Maine.
Swift Beef Company, Limited, do.
Ing business In Great Britain.
Swift Packing Company. selling
agents for Swift and Company, Of Ill.
nois. In Germany.
Swift and Company, Of Illinois, are
snid to own large blocks of stock In
the Union Stock Yards Company, Of
Omaha, the Kansas City Stock Yards
Company, the Fort Worth Stock Yards
Company, the st. Joseph Stock Yards
Company and the st. Paul Union Stock
Yards Company.
Besides the corporations already
named, the Swifts are said to own and
absolutely control Libby, Mcneil and
Libby, Of Maine; John r. Squire and
Company, q New Jersey corporation,
with big packing plant In Cambridge.
Mass. and branches oil over New Eng.
land: Boston Packing and Provision
Company, Of Massachusetts; New Eng.
land Dressed Meat and Wool Company,
Of Maine; North Packing and Provision
Company, Of Maine; Sperry and Barnes
Company, Of Connecticut; Sturtevant
and Haley. Of Boston; p. Merwin Com.
pany, Worcester. Mass; Springfield
Provision Company, Springfield, Mass. ;
White. Percy and Dexter Company,
Worcester, Mass; Halstead and Com.
pany. New York; c. II. Davis and Co...
Norwich. Conn; Bimblcr, Van Wage.
men and Company, Newark, New Jer.
sey.
The capital stock of oil Of the above
corporations being owned In Chicago.
Why don't the people Of Chicago get
the benefit Of It?
The Board Of Review certainly ought
to get enough out Of them to enable
the city to equip a good street car line
Armour and Company, q big Chicago
ana Illinois corporation, owns great
deal Of stock In outside corporations
Among others Armour and Company
or New Jersey.
The following taken from pages 20l
and 2O2 Of the report Of the United
States Commissioner Of Corporations
tells US something upon this subject
'.The New Jersey corporation wal
formed for the purpose Of transactinl
certain business which the Illinois
corpotatlon was not authorized Il
transact. Armour and Company, Of
New Jersey operates practically al
the branch houses for the sale Of beef
and other packing house products sup
piled by Armour and Company, Of I'LL
nois 1t also owns the Armour pack
Ing houses ut Sioux City aud For
Worth. For convenience the accounts
Of Armour and Company, of New Jer
sey are carried on the books Of Armour
ana Company, of Illinois. To ascertain
the business transactions OF the New
Jersey corporation, 1t IL merely neces
sary to take the accounts relating t
tho branch houses and those relating
to the Fort Worth and Sioux CIT!
packing houses. The company, how
ever, Is genuine one, having larg
actual assets Of Its own, not q mer
paper name. 1t has no separate book
and no profits separate from those az
pearlng In the accounts Of Armour am
Company, Of Illinois"
After reading the above from til
report of the United States Commits
sioner of Corporations, we would llk
to ask where our Board Of Assessor
and Board Of Review have been?
And then the following might clall
the attention Of the Board Of Review
Armour Car Lines C0mpany--Ne'
Jersey; $150.000 stock. Directors an
owners; ]. Ogden Armour and ass
ciates.
Armour Grain COmpery-New Je
sey; 100000 stock. Directors an
owners: J. Ogden Armour and ass
; ciateS.
National Packing Compauy-Ns
Jersey; S15.000y000 stock. Director
and owners; J. Ogden Armour. L.
Swift. D. r. Swift. Edward Morrl
! ls N. Morris. 7. ]. Connors. Thorn,