Chicago eagle. [volume] (Chicago, Ill.) 1889-19??, 1908-04-11

SulCVRO SeCurItIeS IOT lvWSs DukeS
$50. $40 and 341. gives the following
facts about Swift & Company, that
great corporation which the Board Of
Assessors could only discover $1,000
600 belonging to-:
Swift & Company-Organlzed April
I, 1885.
Capital Stock, s5O.OOO.OOO. all Of one
clnss. Of the par value Of 500 per
Stare.
Dlvidends-Seven per cent per an.
nun In quarterly dividends Of ~ per
cent, January, April. July and October.
Earnings-The report for the year
ending December 81, 1905, shows net
earnings were equal to II per cent
on the capital Of $5O.OOOOOO. After
payment Of the regular Z per cent
dividend. there was added to the sur.
plus account $2.5OO,0O0. equal to 8 per
cent on the capital stock. increasing
the total surplus to $12.408.O05. The
company's gross business was consid.
erably over 500, 100000 and the item
Of quick assets was increased $685.
T32.
The balance sheet of December 81,
1905, shows total Of assets on hand
Of So. 716,S47.
And this Is the concern that Is taxed
on One.ffth Of $3,OO0,O0O!
The "quick assets" Of this concern,
that Is. personal property available for
Immediate use as money, was listed rs
follows on September 20, 1905:
Cash $4,000?
Accounts receivable ....... 20.33O 1901
Inventory ......... ...... 2l,334'0t4
Stocks and bonds ........ 11,40S,SOO
Total ............. go. .$65. 354, 80
The personal property OF this con'
Germ, Increased from $40 10S.14O In
1904, to $4O,S2O007 in 1905. and from
the latter figure to $05,354, 720 In 1000.
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 at the beginning Of 1907 Of over
Sll5.OOO00O.
And vet the Board Of Assessors value
its holdings ut only $3.OOO.OOO and tax
It on One.fifth Of this amount.
What do you think Of that?
~6
Swift and Company, the corporation,
should pay taxes on Its $5O.OOO.OOO
capital stock according to the laws OF
Illinois.
The assessors have listed IT. per-
sonal holdings at only 100000.
Nor 10 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
poratlons outside the Slater
Perhaps we may help them by quot
Ing the following fist Of outside cor
porations 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
and Company, Of Illinois, In the New
England States and parts Of New YOrl
and New Jersey, and owns control
ling interest In the firms of the Swift
Beef Company, Of Boston; g. =. ant
Il. G. Swift Boston; @. E. Swift ant
Company, Boston, and N. q. Holli
and Company, Boston, Massachusetts,.
Swift and Company. Of West Wiz
glnia, which operates many branche
In several different States for sellin
beef, pork, mutton, canned goods. etc
etc.
Swift and Company, Of New Yorh
which controls a large number o
branch houses In the State Of New
York, all doing q big business
Swift Fertiliase Works. engaged 4
manufacturing fsrllizers In the Stat
of Georgia.
Swift Refrigerator Transportatio