Chicago eagle. [volume] (Chicago, Ill.) 1889-19??, 1908-04-18

Cnlc0RO securities Tor 1UUI, pages
33O. $40 and 341. gives the following
facts about Swift 4 Company, that
great corporation which the Board Of
Assessors could only discover $4,000.
600 belonging to:
Swift 4 Company-Organized April
], 1885.
Capital Stock. s5O.OOo.OOO. all Of one
class. of the par value Of 500 per
shnre.
Dlvldends-Seven per cent per an.
mum In quarterly dividends Of 1M per
cent. January, April, July and October.
Earnlngs-The report for the year
ending December 81. 1900, shows net
earnings were equal to ~ per cent
on the capital Of $5O.OOO.O00. After,
payment Of the regular Z per cent
dividend, there was added to the sur.
plus account $2,000.O0O. equal to 3 per
cent on the capital stock. increasing
the total surplus to $1?.400!O00. The
company's gross business was consld.
erably over 500. O0O. 900 and the item
Of quick assets was increased $685..
1872.
The balance sheet OF December 81.
1905. shows total OF assets on hand
Of $O2.718.S47.
And this is the concern that Is taxed
on one-fifth Of $3,OOO.000!
The 'quick assets" Of this concern.
that Ia. personal property available for
immediate use rs money, was listed rs
~usI~,. "a, onnkn,nLAs, 10(Ms
Cash .................. 3'lOO'OV.
Accounts receivable ....... D,33O,SOl
Inventory ....... ....... .l,oS1'os1
Stocks and bonds ........ l1,4OS,SOV
Total ............ ..... $OO'dOs'':"
The personal property Of this con-
Germ, Increased from 81, 10S.14O In
1904, to $40, s2O.907 In 1905. and from
the latter figure to $05.354. 40 In 1901
This il exclusive Of the capital stock
OF $5O.OOO.OOO.
Making total Of personal property
owned by Swift 4 Company In CHI
cavo ut the beginning Of 1907 OF over
tl15.O0O.OOO.
And vet the Board Of Assessors value
its holdings ut only $3.OOO,OOO and tax
II on one.tfth Of this amount.
What do you think of that9
Swift and Company, the corporation,
should pay taxes on Ito $6O!OOO.OOO
capital stock according to the laws OF
Illinois.
The assessors have listed it, per.
.sonal holdings at only $3,OO0.Oo0.
Nor IL this oil.
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 thu
corporation or Its officers own IN cor
poratlons outside the State?
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
port Of the United States Commission
er of Corporations:
Swift aud Company, Of Maine. q 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. =. an
Z. G. Swift, Boston; q. r. Swift an
Company, Boston. and N. p. Holli
and Company. Boston. Massachusetts
Swift and Company, Of West VII
ginia, which operates many branchs
In several different States for sellin
beef, pork. mutton, canned goods. etc
etc.
Swift and Company. Of New Yorl
which controls q large number q
branch houses 10 the STATE Of Ne
York. all doing big buSinssa
Swift Fsstilinsg Works Engaged
manufacturing fssllisers In the Stat
of Georgia.
Swift Refrigerator Transportatio