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THE OHIOAQO EAGLE, SATURDAY. SEPTEMBER 7, 1007. WHY REAL ESTATE TAX HIGH. SWIFT'S BIG CONCERN. Members of the Board of Review and Others Should Know About This Corporation. ARMOUR'S BIO PLANT. -- ni.i Members of the Board of Review and Others Should Read About This Corporation. IS 7 lV ) I 111 ft k I ' l" ts Capital and Its Enormous Profits as Set Forth by Itself. Over Ninety-two Million Dollars Worth of Quick Assets On Hand i Just Now. Hot to Mention Fifty Millions of Dollars in Capital Stock All Paying Dividends, And Yet the Board of Assessors Could Only Find Three Millions to Tax. "Chicago Securities" for 1007, pages 839. iMO nml 841, give the following facts tilKittt Swift & Company, that great coriiorntlon which tho Hoard of Assessors could only discover $3,000, 000 belonging to: Swift & Company Organized April 1, 1SS.-I. Capital Stock, $50,000,000, nil of ono class of tho pnr'valuo of $100 per share. Dividend Seven per cent per mi lium In quarterly dividends of l1)! per cent, January, April, July and. October. F.n rninss Tho report for tho year cndlmr December 31, 1000. Hhows net earnings were equal to 12 per coat on tlie capital of $50,000,000. After payment of tho regular 7 per cent dividend, there wan ndded to tho sur plus account $2,500,000, equal to 5 per cent on tho capital stock, Increasing tho total surplus to $12,400,00.-.. Tho company's gross business was consld eralily over $200,000,000 mid tho Item of quick nssots was Increased $15,553, 732. The balnnco sheet of December 31, 1000. shown n total of nssots ou hand of $!2.71,S47. And this Is tho concern that Is taxed on one-fifth of $3,000.0001 Tho "quick assets" of this concern, that If. personal proporty nvnllablo for Immediate uso as money, was listed ns follows on September 29, 1000: Cash .....' 9 3,100,092 Accounts recolvnblo 20,330,801 inventory 21,331,374 Stocks and bonds 11,403,800 Total $05,331,720 The personal proporty of this con cern, Increased from $12,108,110 In 100-1, to $10,820,00" In 1003, and from tho latter figure to $05,351,729 In 1900. This Is exclusive of tho capital stock of $50,000,000. Making a total of personal property owned by Swift & Company In Chi cngo at tho beginning of 1007 of over $115,000,000. And yet tho Hoard of Assessors vnluo Its holdings at only $3,000,000 nud tax It on ono-llfth of this amount. What do you think of thnt? Bwlft nud Company, tho corporation, should pay taxes ou Its $50,000,000 capital Btoek nceordlng to tho laws of Illinois. Tho assessors hnvo listed Its per sonal holdlugs nt ouly $3,000,000. Nor Is this all Swift and Compauy, of Illinois, that front torporatlon capitalized for $50, 000.0C0 should pay taxes ou every dol lar's worth of stock It owus lu foreign corporations. Huh tho Hoard of Review over taken any steps to ascertain how much tho corporation or its olllcers own lu cor porations outside tho Stnto? Perhaps wo may help them by quot lug the following list of outsldo cor porations owned by Swift and Com pany, of Illinois, according to tho re ,!ort of tho United States Commission or of Corporations: Swift and Conipanj, of Maine, a cor poration which sella tho output of Swift and Company, of Illinois, lu tho Now Unglnud States and parts of New. York and New Jersey, and owns n control ling Interest In tho linns of tho Swift llecf Company, of Boston; G. F. and H. C. Swift, Boston; 0. F. Swift and Comiinuy. Boston, and N. 13. IIollls and Company, Boston, Massachusetts. Swift and' Company, of West Vlr gluhi, which operates many branches lu sovernl different States for selling beef, pork, muttou, canned goods, etc., etc. Swift and Company, of Now York, which controls a largo number of branch houses In tho Stnto of New York, all doing n big business? Swift Fertilizer Works, eugnged 'In manufacturing fertilizers In tho State of Georgln. Swift Rcfrlgorator Transportation i ,fri.lftAyfr,fltiailHiifltiviril Company, nnu dwlft Llvo Stock Trans portation Company, corporations of tho Stato of Maine. ' Swift Beef Company, Limited, do ing business In Great Britain. Swift Packing Company, selling agents for Swift nud Company, of Illi nois, In Germany. Swift and Company, of Illinois, nro said to own largo blocks of stock In tho Union Stock Yards Company, of Omaha, tho Kansas City Stock Yards Company, tho Fort Worth Stock Yards Company, tho St. Joseph Stock Yards Company nud tho St. Paul Union Stock Yards Company. , ..V....V.. "" ...,,. ....W..O ........... named, tiio swirts nro sani to own nnu absolutely control Llbtiy, McNeil and I.lbby, of Maine; John 1'. Squlro nlid Company, n New Jersey corporation, with a big packing plant In Cambridge, Mass:, and branches all over Now Eng land: Boston Packing nud Provision Company, of Massachusetts; Now Hug land Dressed Meat nud Wool Company, of Maine; North Packing nud Provision Company, of Maine; SKrry and Barnes Compauy, of Connecticut; Sturtcvant and Haley, of Boston ; P. Mcrwlu Com pany, Worcester, Mass.; Springfield Provision Company, Springfield, Mass. ; White, Percy and Dexter Company, Worcester, Mass.; Ilalstcad and Com pany, Now York ; C. II. Davis nud Co., Norwich, Conn.: nimbler. Van Wago uen nnd Compauy, Newark, Now Jer sey. Tho capital stock of all of tho nbovo corporations being owned In Chicago. Why don't tho peoplo of Chicago get tho benefit of It? Tho Board of ltovlow certainly ought to get enough out of them to cnahlo tho city to equip a good street car Hue, Armour and Company, a big Chicago and Illinois corporation, owns a groat deal of stock In outsldo corporations. Among others Armour nud Company, of Now Jersey. Tho following taken from pages 201 and 202 of tho report of the United States Commissioner of Corporations, tells us something upon this subject: "Tho Now Jersey corporation was formed for tho purposo of transacting certain business which tho Illinois corporation was not authorized to transact. Armour nud Compauy, of Now Jersey operates practically all tho branch houses for tho sale of beof and other packing houso products sup plied by Armour nud Company, of Illi nois, It also owus tho Armour pack lug houses at Sioux City and Fort Worth. For convenience tho accounts of Armour nud Compauy, of Now Jer sey nro carried on tho books of Armour qnd Company, of Illinois, To ascertain tho business transactions of tho Now Jersey corporation, It Is merely neces sary to take tho accounts relating to tho branch houses nnd thoso rotating to tho Fort Worth and Sioux City packing houses. Tho company, how over, Is u gcnulno one, having largo actual absets of Its own, not a mcio paper name. It has no separate books ami no prollts separata from thoso ap pearing lu thu accounts of Armour and L'niuiiiiiiv. nf Illliinln." ' 1..,.. , .... .... .... After reading tho nbovo from tho report of tho United States Commis sioner of Corporations, wo would Hko to ask where our Board of Assessors and Board of Itevlow havu boon? And then tho following might claim tho attention of tho Board of Itevlow : Armour Car Lines Company New Jersey; $750,000 Steele Directors nnd owners; J, Ogdcu Armour nnd asso ciates. Armour Grnlu Company Now Jer sey; $1,000,000 stock. Directors nnd owners: J. Ogdeu Armour and asso ciates. National Packing Company Now Jersey; $15,000,000 stock. Directors nnd owners: J, Ogdon Armour, L. F. Swift, 13. F. Swift, Edward Morris, Ira N. Morris, T. J. Connors, Thomas rjgj&LVj?.i&tULuu,.,.yhiw w -. MARSHALL Marshall Field & Company carry $10,000,000 Insurance, and nre said to have outstanding accounts duo them on tho first of April of each year, when tax schedules are illed, of $5,000,000 lu tlio wholesale nud $3,000,0O( In their retail doro. Yet they aro only taxed on $0,000,000. Tho $10,000,000 Insurance probably FtnndM for $20,000,000 worth of pro; crly and tho $8,000,000 In outstanding accounts makes a total nf $2S,000,000. Ah tho linn Is only taxed on $0, 000,000 by tho assessors, these 11 pin would show $22,000,000 esenplug taxa tion. This $22,000,000 has to bo inndo up somewhere, nud It Is made1 by taxing tho real estate of tho small property owner to tho. limit. Marshall Field & Company hnvo ab sorbed tho business of so many scores of small dealers, nnd hnvo occupied so much alley nnd sidewalk space belong H. Wilson, Arthur Meeker, S. Mc Ilobcrts nud L. A. Cartou. The Board of Itevlow should sum mon tho following well-known citizens nnd Interrogate them with roforeuco to tho ninouiit of stock In foreign cor porations owned lu Cldcugo, which they have knowledge of: J, Ogdcu Armour. Louis F. Swift. John A. Spoor. Luurcuco A. Carton. Arthur Meeker. Mr. Swift and Mr. Armour aro both reported to be public-spirited. They should both bo wllllug'to help In this matter. They cau, if they will, help n groat deal by telling the Board of Itevlow what they know. Mr, Armour Is n director in tho fol lowing corporations and tho Hoard of Itevlow, If It wishes, can ascertain how much stock ho owns lu each, or what Chlcngoaus do own It, as It Is taxable : Armour car lines, Armour Grain Compauy, Central Leather Company, G, II, Hammond Company, Hammond Packing Compauy, National Packing Company, United States Leather Company, Chicago, Milwaukee & St. Paul Hall way Company, Fort Worth Stock Yards Company, Fort Worth, Texas. Hutchinson Packing Co., Hutchinson, Kansas, Northwestern National 'Fire Insur nnco Company, of Milwaukee, Wis. OiiiiiIiii Packing Company, Prussian National Insurauco Com pany; of Stettin Germany. Mr. Louis F, Swift Is a director in tho following. How much stock does 1 ho own? At till events ho cm glvo tho i Board of ltovlow much valuable In I formation: Union Stock Yards Company. Fowler Brothers, Limited. Llbliy, McNeill and Llhby. National Packing Company, St. Louis National Stock Yard Com pany. Swift's Itofrlgerator Transportation Company. IIollls Cold Storngo Company. Illinois Cattlo Company. Mechanical Manufacturing Company, South San Francisco Laud nml In vestment Company. Springfield Provision Company. Swift's Fertilizer Works. Western Moat Company. Millions of dollars that belong In tho public troasury havo been wrong fully withhold from tho people's uso by derelict olllclnls to uso no stronger gj&sfr Att.iWiliihi, i,,i, iJMtWw'iVttM t. THE PUBLIO BE D Dl FIELD & ing to the public tbnt tho concern Is really a great public Institution of a certain kind. Then again, Marshall Field & Com pany are In favor of n high pressure water system which will eot tho tax payers millions of dollars to Install. But we do not hear of small liter (.hauls shouting for high pro.-sure water system. The collection of over $.'1,000,000 ai. Icged bark taxes against the estate 'of the late Marshall Field was urged upon the Beard of Itevlcw by the Illi nois Tax Reform Association. , Marshall Field, the association In hlsls, never paid more than It) per cent ou his fair share of taxes ou his per sonal property, lie was, it In further charged, permitted to evade the pay ment of over $'.'.000,000 taxes during the last eight years of his life. "All of this," the letter says, "was made term. Thoso millions would glvo us plenty of money to double our police force; would give our llromcn eight hours work a day ; would provldo ono full seat for every child desirous of attending Uto public schools and would provldo n largo number of kindergar tens, public baths and other public llOCOsSltlCS. Tho Armour Tank Lino carries grcaso to most of tho soap makers of the country outsldo of Chicago. It Is n big thing In Itself, and should not forget tho (tax collector. Tho Board of ltovlow must mnko tho packing Interest pay Its Just sharo of the taxes. Heal estate taxes are ery high nnd will stay high for tho next four years. Tho rich tax dodgers, who got out of paying their Just personal taxes aro responsible for this, Perhaps tho Board of ltovlow will do urUilug this year with tho tax matters mentioned on tho second pngo of this paper. But you can bet ou ono thing without fenr of losing and that Is, that beforo this light Is over twenty millions of back taxes will bo collected by tho people. F. cry small shop keeper and every mechanic who has a ltttlo saved has to pay taxes upon that little. But rich holder of stocks In outsldo corpo rations escape Scott free. Hqual nnd Just taxation with no dodging ou tho part of rich stockhold ers Is what tho peoplo demand. When ono thinks of tho fact thnt tho packets hnvo raised tiio prlco of food ou every man, woman and child In the country, tho wonder Is that nny olllclal would havo tho temerity to over look their taxes. Tho Armour estate assessed on $100,000 and tho Field estate on over $10,000,000 makes quite a contrast. Tho I'aglo will keep up tho fight for honest taxation, If It takes .years to bring about reform. If that big Armour estate, estimated at ono tlmo nt $25,000,000 has boon dis tributed In Chicago, tho result does not show on tho tax books. Tho recent groat lucreaso in the lC-fetA,,yuki . COMPANY. good by the smaller taxpayers of Chi cago to their great Kiss and Injury." Marshall Field & Compauy arc only valued at $0,000,000 by the nssesiors, nnd taxed ou oue-llfth of It. In view of this fact, It Is Interesting to unto the Itmirnnco carried by this llrm, which Is as follows: Stato street section $1,000,000 Wiibnsh avenue section .... 1,500,000 Wholesale 11,000,000 Miidhou street 500,000 Fixtures 500,000 Warehouse, Polk street and tlio Hhor .1,000,000 Total $10,000,000 These figures take no notice of ho foot that the Insurance Is supposed to cover but SO per cent of the real value, which would make the assessors' val uation appear about $11,000,000 shy of tho truo figure. i prlco of meat alone, ought to hnvo fur- I titulirul tte tiitntrnHri tltlt nnntmli niAiinn MICTIIl UlU ivnvt M till VIlVfMftlt iAWIIVJ to pay their taxes upon all of their personal property holdings, stocks, bonds and everything else. We nro surprised at tho Swifts and Armours hesitating a tulnuto nhout handing over millions lu taxes. Just 2 cents a iwund ou sparo ribs alono ad vanced lu prlco at tho right time, would realize n fortune In n day. Tho poor man and tho man in me dium circumstances must bear tho tax burdens. The rich corporations and their stockholders oscnpe. What Interest has always derived tho greatest benefit from the police forco lu times of strikes? Tho packing Interest, of course. And yet this In terest owes over twenty millions of dollars to tho peoplo for back taxes. Tho Board of Review will be held to a strict accountability for Its fall uro to mnko outsldo corporations own ed by Chicago packers, pay their Just sharo of tho taxes. Tho peoplo aro talking more nnd moro about Armour and his taxos. Lako Forest Assessments havo been made public. .Miss Helen Culver leads with $0111,000 worth of porsonnl projwrty. Dolnvun Smith Is second with $115,000. Carter II. IFtzhugh Is third with $100,000. Where, oh, where, is Louis F. Swift? Can It bo possible that ho Is among thoso who "also ran"? What Interest derives tho greatest beiiolit from tho sewerage system of Chicago? Tho packing Interest, of course. It pours n perfect ocean of filth Into tho sewers leading to the south brunch of tho river. Why was tlio great 30th Btreet sower built at a cost to tho peoplo of millions of dol lars? It was built to relievo tho South Branch nf filth from tho packing houses. And yet tho packing Interests have not paid that twenty millions of bael$ taxes Into tho people's treasury nud ovldcutly do not Intend to pay up. How havo tho packing Interests man aged to got so many representatives on grand Juries In tho past? This Is n questlou thnt la frequently nsked. How Armour nud Swift would hall n war with Japan I Tho market for canned goods would get a great boost av-Ulntli'T J- eWij(vAA.m J-Aj-. -trij Its Twenty Million Dollars of Capital Stock and Its Many Holdings. Enormous Holdings by Armour People in Big Concerns Outside Chicago Attract Much Attention. The Small Taxpayers Are Very Much In. terested in the Developments of This Great Wealth, Yet the Chicago Assessors Could Only Find Two and One-half Millions to "Chicago Securities" for 1007 gives tho following facts about Armour & Company, ou page USO. Armour & Company, organized un der tho laws of Illinois, April 11, 1000. Capital stock, $20,000,000. Property Tho plants controlled by tho corporation aro the packing houses, fertilizer works, gluo factory, soap fac tory nud hair factory lu ClUcago, and the packing homes In South Omaha, Sioux City, Hast St. Louis and Fort Worth. Tho Importance of tho pack lug houses and plants controlled by tho organization Is known nil over tho civilized world. The gluo factory Is ono of the largest lu the country. Tho soap factory Is also operated ou u large scale. Although tho capital nlouo of this ..'rent concern Is $20,000,000 the asses sors could only llnd $2,500,000 of per sonal property belonging to It. Tho legal tax on $20,000,000 Is $2S0, 000. Tho tax ou $2,500,000 Is $:55,000. So tho people loso In taxes ou the capital of this concern alone $215,000 every year. This makes a total of back taxes duo for llvo years, accord lug to Supremo Court rulings lu other cases, of $1,225, 000. This docs not includo tho amount of taxes due present nud back ou tho stock of Armour & Company of Now Jersey, Armour car Hues, Hammond Packing Company, National Packing Compauy, Union Stock Yards of Omaha, And n number of other equally val uable concerns owned by It. The personal property of Armour & Company, outside of Its capital stock mounts up towards $iX),000,000 nnd may exceed that sum, as this corpora tion, unlike Swift & Company, does not furnish Its figures to "Chicago Se curities." Armour & Company owns a great deal of stock lu outsldo cor porations, every dollar of which Is taxable hero lu Chicago. Among others Armour & Compauy, of New Jersey. Tho following taken from pages 201 nnd 202 of tho report of tho United States Commissioner of Corporations, tells us something upon this subject: "Tho Now Jersey corporation was formed for tho purposo of transacting certain buslne-s which tho Illinois cor poration was not authorized to trans act. Armour A: Company, of New Jer sey operates practically all tlio branch houses for tho sale of beef and other packing houso products supplied by Armour k Company, of Illinois, it nUo owns tho Armour packing houses nt Sioux City nnd Fort Worth. For con venience tho accounts of Armour & Company, of Now Jersey nro carried on tho books of Armour & Compauy, of Illinois. To nscortalu tho business trnmactlous of tho New Jersey cor potation, It Is merely necessary to tnko tho nceounts relating to tho branch houses nud thoso relating to tho Fort Worth nnd Sioux City packing houses. Tiio company, however, Is a gonultto one, having largo actual assets of Its own, not it moro paper name, It has no separate books nml no prollts sep arate iroiu thoso appearing lu tho ac counts of Armour & Compauy, of 1111 noK" How long tho peoplo of Chicago will contlnuo to pay high taxes whllo con cerns Hko this escape ns they do, is pioblcmatlc.il. Samuel Mcltoborts should toll all when called beforo tho Boaid of He view. , Will Corporation Counsol Brundngo get after Armour, Swift nnd tho rest of tho boys? Assistant Corporation Counsel John W. Hill startled his hearers ,ln tho chamber whero tho Board of Rcvlow was mooting by de claring that ho has already secured sulllclcnt ovldcnco against wealthy tax Tax. dodgers in Chicago to warrant him la going beforo the grand Jury upon fif teen minutes' notice. "Tim mrimrn t Ion rVit ! mA in. tends to keep u stenographer In at tendance at tho sessions of the Hoard of Itevlow from now on," declared Mr. Hill. "That stenographer will be used, for fcocurlng n voibatlm record of per sons of wealth who mako statements beforo tho board lu supjiort of a claim, for reduction of their taxes. "It Is ti hard ptoblem to decldo Just where to boglu, because nearly every body scents to think lightly of their oaths when they come to discuss the value of their petsounl property with taxing olllclnls. However, It Is a fact that I already lws-css evidence sulu cleut to Justify mo lu apjiearlug before the grand Jury In llfteen minutes. It l. n K highly probable that tax dodg lug will bo brought beforo tho ntteu tlou of the grand jurors before thopr cut hinrlug ends." In tlio meantime, the poor real estate owners of Chicago nro getting the fol1 beuetlt of tho tax dodging tactics till, llll ttlllsi.i.l.j... 1, . A A. were never so high lu Chicago's hls-1 lory, 'lite itoor man must pay, bat the rich fellow csc.iies with his untaxed fortune. Henry P. Darlington should glvo ap what ho knows when tlio Board of Itevlow usks him. One of tho tuxltig olllclnls of Cook: County says that It ts discretionary with taxing olllcers as to wliar, they shall tax. Is It? Who gavo thorn this discretionary power? Not tho laws of Illluols. J. Ogdcu Armour would mako a stnrtllug nud valuable Hoard of Ue vlow witness. Arthur Meeker could toll tho Board of ltovlow who owus stock In Chicago, In tho following coriwratlons, of which ho Is a director: Union Stock Yards. Chicago Junction Hallway. G. H. Hammond Company. National Packing Company. Peoples' Trust & Savings Bank. Tho packers havo been buying cattle "subject to iost mortem." They will H)on llnd out that they havo been pay ing taxes subject to post mortem nnd that tho people uro about ready to hold tho examination. Sam. Mcltoborts and J. Ogdcu Ar iiiour nro good names to conjure by nnd plenso don't forgot Louis F. Swift. Arthur Meeker should furnish tho facts when questioned by the Hoard of He view. Don't forget that boforo this fight Is ovor, that over twenty millions of dollars lu back taxes will havo been collected. Laurence A. Carton would Iks nit cvccllcut man for tho Board of Ite vlow to consult. What Interest deserves tho most ben efit from tho Uro department? F.very body knows that It Is the packing In terest. Why, then, should tho packing Interest keep back tho twenty mllllotm of dollars In taxes belonging to the peoplo? Louis F. Swift would not hnvo to toll unythlu? about Lako Forest as sessments If cnlled beforo tho Board of Uo low, Ho could Just tell what Iw knows about personal property owned In Chicago.