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?. ' y HIGH. SWIFTS BR REM THE OPPOSITE PAGE XND BE CONVINCED ARMOUR'S BIG PUNT. Members of the Board of Assessors and Others Should Read About This Corporation. Members of the Board of Attestors and Others Should Know About' This Corporation. ;i'ii fRT REAL ESTATE TAX IS CMCFLW p - - V Its Capital and Its Enormous Profits as Set Forth by Itself. L Over Ninety-two Million Dollars Worth of Quick Assets On Hand ' Just Now. Mot to Mention Fifty Million! of Dollari in Capital Stock All Payinf Diridtndi, And Yot the Board of AneMon Gould Only Find Three' Million! to Tax. "Chicago Securities" for 1007, pages 830. 840 and 841, gives the following tacts about Swift ft Company, that ?reut corporation which the Board of Assessors could only discover 93,000, 400 belonging to: Swift ft Company Organised April 1 1885. '.Capital Stock, 950,000,000, all of one class, of the par value of flOO per bare. Dividend Seven per cent per an num la quarterly dividends of 1 per cunt, January, April, July and October. . Earnings The report for the year ending December 31, 1900, shows, net -earnings were equal to 12 per cent on the capital of 900.000,000. After payment of the regular 7 per cent dividend, there was added to the sur plus account 92,000)000, equal to 6 per cent on the. capital stock. Increasing the total surplM to 912,408,000. The company's gross business was consid erably over 9300,009,000 and the Item of quick assets was Increased 916.553,-. "732. , The balance sheet of December 81, 1000, Shows a total of assets on band of 902,710,847. And this Is the concern that Is taxed on one-flfth of 93,000,0001 ' The "quick assets" of this concern, that Is, personal property available for Immediate use as money, was listed as follows on September 20, 1000: Cash 9 3400,002 Accounts receivable 29,330.801 (Inventory 21,334,374 sStocka and bonds 11,408,800 Total 908,354.729 The personal property of this con oern, Increased from 942,198,140 In 1004, to 940,820,097 In 1008, and from the latter figure to 903,854,720 In 1000. This Is exclusive of the capital stock of 900,000,000. Making u total of personal property owned by Swift ft Compauy In Chi--cago at the beginning of 1007 of over 9118,000,000. And yet the Board of Assessors value rfts holdings at only 98.000,000 and tax Ht on one-flfth of this amount. What do you think of that? Swift and Company, the corporation, should pay taxes oa Its 900,000.000 capital stock according to the law of Illinois. The assessors have listed Its per gonal holdings at only 93,000,000. Nor Is this all Swift and Company, of Illinois, that great corporation capitalised for 900, 000,000 should pay taxes oa every del liar's worth of stock It owns In foreign corporations. Has the Board of Review ever taken ny steps to ascertain bow much the corporation or Its oflkers own In cor porations outside tne water Perbspa we ntey help tbesa 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 Ualted States Commission r of Corporations: , Swift and Goaspany, of Maine, a cor poration which sells tne output of Swift and Company, of. Illinois, In tne New England States and part of New York and New Jersey,- and owns n control ling Interest In the Arms of the Swift Beef Company, of Boston; O, F, and E, 0. Swift, Boston; 0. F. Swift and Company, Boston, and N. I, Hollls and Company, Boston, Massachusetts. Swift and Company; of West Vir ginia, which operates many branches In several different States for wiling beef, pork, mutton, canned goods, etc., etc, Swift and Company, of New York, ' which controls a large number of Vuseb houses in the State of New fork, fill doing a big business. Swift Tittmm 'Works, engaged In pmmirncturlng' fertilisers In the State of cGorRla. Swift Refrigerator! Transportation Company, anu Swift Live Stock Trans portation 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 Illi nois, In Germany. Swift and Company, of Illinois, .are said 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' aald to own and absolutely control Llbby, McNeil and Llbby, of Maine; John P. Squire and Company, a New Jersey corporation, with a big packing plant In' Cambridge, Mass., and branches all 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; Rtortevant and Holey, of Boston; P. Merwln Com pany, Worcester, Mass.; Springfield Provision Company, Springfield, Mass.; White, Percy and Dexter Company, Worcester, Mass.; Halstead and Com pany, New York; C. H. Davis and Co., Norwich, Conn.; Blmbler, Van Wage nen and Company, Newark, New Jer sey. ' " The capital stock of all of the above corporations being owned In Chicago. Why don't the people or Chicago get the benefit of It? The Board of Bevlew certainly ought to get enough out of thorn to enable the city to equip a good street car line. Armour and Company, a big Chicago and Illinois corporation, owns a great deal of stock In outside corporations. Among others Armour and Company, of New Jersey. Tho following taken from pages 291 and 292 of the report of the United States Commissioner of Corporations, tells us something upon this subject: 'The New Jersey corporation was formed for the purpose of transacting certain business which the Illinois corporation was not authorised to transact . Armour and. Company, of New Jersey operates' practically all the branch houses for the sale of beef and other packing bouse products sup plied by Armour and Company, of Illi nois. It also owns the Armour pack ing bouses at Sioux City and Fort Worth. For convenience the accounts of Armour and Company, of New Jer sey are carried on the books of Armour and Company, of Illinois, to ascertain the business transactions of the New Jersey corporation, it la merely neces sary to take tne accounts relating to the branch aoasea and those relating to tne Fort Worth and Sioux City packing nouses. 'The company, bow ever, la a genuine one, having1 large actual assets of Its own, not a mere paper name. It has no separate books and no profits separate from those ap pearing In the accounts of Armour and Company, of Illinois." , After reading the above from the report of tne United States Commis sioner of Corporations', we would like to ask where our Board of Assessors and Board of Review nave been? And then the following might claim the attention of the Board of Review: Armour Car Lines Company New Jersey; 9700,000 stock. Directors and owners; J. Ogden Armour and asso ciates, Armour Grain Company New Jer sey; 91,000,000, .stock. Directors and owners: J. Ogden Ajsawur and Asso ciates, (J National Packing Company New Jerseys $15,00000 stock.' Directors and owners: J, Ogden Armour,' L. F. Swift E. F, Swift, Edward Morris, Va N.jKArrts. T. J. Connors, TboasM MARSHALL FIELD & Marshall Field ft Company carry 910,000,000 Insurance, and are said to have outstanding accounts due them on the first of April of each year, when tax schedules are filed, of 98,000,000 In the wholesale and 93,000,000 In their retail store. Yet they are only taxed on 98.000,000. The 910,000,000 Insurance probably stands for 920,000,000 worth of prop erty and the 98,000,000 In outstanding accounts makes a total of 928,000,000. As the firm Is only taxed on 90. 000,000 by the assessors, these figures would show 922,000,000 escaping taxa tion. This 922,000,000 has to be made up somewhere, and It Is made by taxing the real estate of the small property owner to the limit Marshall Field ft Company have ab sorbed the business of so many scores of small dealers, and have occupied so much alley aud sidewalk space belong GOODRICH TRANSIT CO. The Goodrich Transit Company la a corporation organised under the laws of tho State of Maine. Capital stock, 9500,000. Every dollar's worth of this stock owned In Chicago Is taxable here. The Reviewers should call A W. Goodrich and ask blm who owns It Mr. Good rich ought to know and the people want to know. Who does tho fine work for tho Goodrich Steamboat gang at tho City Hall? It Is not generally known that the dock used by the great Goodrich inter eats Is city property. It Is at River street, with a aocic ironiage o ou. feet, with a depth ranging from no 10 43 feet. This dock Is the very State street or STATE In order to show the favoritism shown to Marshall Field ft Company In the matter of personal property as sessment, The Esgle subjoins a state ment of the personal tax assessment of that firm and that of other dry goods houses, together with the Insur ance carried by each on their personal E. Wilson, Arthur Meeker, S. Mc Roberts and L. A. Garten. The Board of Review should sum mon the following well-known dtlsens and interrogate them with reference to the amount of stock in foreign cor porations owned In Chicago, which they have knowledge of: J, Ogden Armour. ' Louis F. Swift John A. Spoor. Laurence A. Carton. Arthur Meeker. Mr, Swift and Mr.-Armour are both reported to be public-spirited. They should both be willing to help In this matter, ' They can, If they will, help a great deal by telling the Board of Review what they know. Mr. Armour Is a director In the fo lowlt,," corporations and the Board of THE PUBLIO BE D Dl ing to the public that the concern Is really a great public Institution of a certain kind. Then again, Marshall Field ft Com pany are In favor of a high pressure water system which will cost the tax payers millions of dollars to Install. But we do not hear of small men chants shouting for high pressure water system. The, collection of over 93,000.000 al leged back taxes against the estate of the late Marshall Field was urged upon the Hoard of Review by the Illi nois Tax Reform Association. Marshall Field, tho association In sists, never paid more than 10 per cent on bis fair share of taxes on his per sonal property. He was, It Is further charged, permitted to evndo the pay ment of over 92.000,000 taxes during the last eight years of bis life. "AH of this," the letter 'says, "was made fresh water commerce. It Is tho big gest aud best dock In the greatest city on tho whole chain of the great lakes. What do you suppose the Goodrich folks pay the city for this valuable property Only 95,000 a year rental ! From period to period tho lease has been renewed, WITHOUT ADVER TISEMENT, and always at tho same old figure. The last leaso or "agreement" was drawn up by the city bureau of com pensation. It is of date of May 1, 1000, aud runs for three years, or until 1000. The leasing by the city of the great Goodrich dock, east of Rush street bridge, for the paltry sum of 95,000 per vear, without advertising for bids, STREET property. The reader will note the difference betweeu the Field assess ment and the Insurance carried, und then figure out bow much taxation this "public spirited" concern escapes: Marshall Field ft Company Assess ment (8 addresses), 90,350,000; Insur ance, 910,000,000, Carson, Plrle, Scott ft Co. Assess- Review, If It wishes, can ascertain bow much stock be owns In each, or what Cblcagoans do own It, as It Is taxable: Armour car lines, Armour Grain Company, Central Leather Company, &. H. Hammond Company,' Hammond Packing Company, National Packing Company, United States Leather Company, Chicago, Milwaukee ft St Paul Rail way Company, Fort Worth Stock Yards Company, Fort Worth, Texas., Hutchinson Packing (&, Hutchinson, Kansas, Northwestern National Fire Insur ance Company, of Milwaukee, Wis. Omaha Packing Company, Prussian National Insurance Com pany, of Stettin Gormany, Mr, Louis F, Swift la iiiector In COMPANY. good by the smaller taxpayers of Chi cago to their great loss and Injury." Marshall Field ft Company are only valued at 90,000,000 by the as'sesiors, and taxed on one-flfth of It. In view of this fact It Is Interesting to note the Insurance carried by tbia firm, which Is as follows: State street section if 4,000.000 Wiibash avenue section .... 1,500,000 Wholesale 3,000,000 Madison street nno.OOO Fixtures 500,000 Warehouse, Polk street and the River 3,000,000 Total .' 910,000,000 These figures take no notice of 'hn fact that the Insurance Is. supposed to cover but 80 per cent of the real value, which would make the assessors' val uation appear about 914,000,000 shy of tho true figure. astounds everyone. In the opinion of ablo lawyers, the very fact that bids were uot advertised for Invalidates tho lease. This lease Is worth from 950,000 to 9100,000 a year to the city, as It Is tho very best dock property on tho whole chain of lakes. Several people would gladly bid 950,000 for it -If they were given a chance. This sort of business Is played out with the public aud the facts onco understood will arouse a storm of Indignation. The Goodrich gang have all their steamboats registered from Dulutb, Minnesota, from which port they "hall," although they do not run to It. It Is alleged that this crowd "ball" their vessels from Duluth to escape taxation In Chicago, aud yet Chicago furnishes them with police, fire and other protection. STORES ment, 91.083,748 ; Insurance, 92,450,000. Maudel Rrotbcrs Assessment, 9805, 000; Insurance, 91.050,000. Slegel, Cooper ft Co. Assessment, 9900,000; Insurance, 91.050,000. Rothschild ft Co. Assessment, 9425, 000; Insurance, 9555,000. Illllman's Assessment, 9250,000; In surance, 9500,000. the following. How much atock does be own? At all events be can give the Board of Review much valuable in formation: Union Stock Yards Company, Fowler Brothers, Limited, Llbby, McNeill and Llbby. National Packing Company, St Louis National Stock Yards Com pany. Swift's Refrigerator Transportation Company. Hollls Cold Storage Company, Illinois Cattle Gormany, Mechanical Manufacturing Company, South San FHiej '-and and In vestment Compaar. Springfield Provision Corapany. Swift's fc-rttllzer Works. Western Meat Company Tho Beef True W worse than aver. 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 Deyelopmenti of This Great Wealth, Yet the Ohioago Assessors Could Only Find Two and One-half Millions to Tax. "Chicago Securities" for 1007 gives tho following facts about Armour ft Company, on page 380. Armour ft Company, organized un der the laws of Illinois, April 14, 1000. Capital stock, 920,000,000. Property The plants controlled by the corporation are the packing bouses, fertiliser works, glue factory, soap fac tory and hair factory In Chicago, and the packing bouses In South Omaha, Sioux City, East St Louis and Fort Worth. The Importance of the pack ing bouses and plants controlled by the organisation Is known all over the civilized world. The glue factory Is one of the largest In the country. The soap factory Is also operated on a largo scale. , Although the capital alone of this (treat concern Is 920,000,000 the asses sors could only find 92,000,000 of per sonal property belonging to It The legal tax ou 920,000,000 Is 2S0, 000. The tax on 92,500,000 Is 935,000. So the people lose In taxes on the capital of this concern alone 9240,000 every year. This makes a total of back taxes due for five years, according to Supreme Court rulings in other cases, of 91.223, 000. This does not Include the amount of taxes duo preseut and back on the stock of Armour ft Company of New Jersey, Armour car lines, Hammond Packing Company, National Packing Company, Union Stock Yards of Omaha, And a number of other equally val uable concerns owned by It The personal property of 'Armour ft NEW YORK Six years ago Chicago pnld taxes on 9125,000,000 personal property. This Hum lias dropped 927,000,000 lu six years. Tho Chicago Assessors can only And ninety-eight millions of personal prop erty In Chicago, according to their us Beaumont of 1007. In Chicago the real estate pays al most the whole tax. In New York tho Assessors tax seven billions of personal property. In Now York tho rich personal prop erty owner pays most of tho tax. The total assessed valuation of Chi cago s aa follows: Real Kstate $340,841,700 Personal Proierty 98143,155 In contrast to this aw tho figures for New York city, which nro: Real Kstate 90,240,480,000 Personal Property 7,712,200,000 The following tahlo of Now York taxes Is Interesting In view of tho fine HERE'S THE RESULT. As a result of successful tax-dodging by rich corporations, Chicago real es tate pays nearly all the taxes, " A summary of the 1007 real 'estate1 and personal assessment's, assessed val uations, is as follows rl ' ' Real estate .'!'..'.. .9340,841.700 Pnrannnl nranertv ...1"....' '08.343.155' il. " '9445,184,015 The Assessors nnd Rovlewers could only find 908.000,000 worth 6f personal property In Chicago 'to'tax, or only' 90,- 1 1 I 1 '' I ilfl Tho Beef Trust Is doing' business at tho old BtnuiJ,und,iB.lfixiiWjUUdiiinnln talnlng n uniform prjco, fpr.mpnt III do, llanco ofl)thq,lu)mn,c,tp,i) of,$h,eiynU.cd. Company, outside of Its capital stock mounts up towards 900,000,000 and may exceed that sum, as this corpora tion, unlike Swift ft Compauy, doea not furnish Its figures to "Chicago Se curities." Armour ft Company own a great deal of stock In outside cor iwratlous, every dollar of which la taxable hero In Chicago. Among others Armour ft Company, of New Jersey. The following taken from pages 201 and 202 of the report of the United States Commissioner of Corporations, tells us something upon this subject: "The New Jersey corporation wa formed for tho purpose of transacting certain business which the Illinois cor poratlon was not authorized to trans act Armour ft Company, of New Jer sey operates practically all the branch bouses for the sale of beet and other packing house products supplied by Armour ft Company, of Illinois. It also owns the Armour packing houses at 8loux City and Fort Worth. For con yeulcnce the accounts of Armour A Company, of New Jersey are carried on the books of Armour ft Company, of Illinois. To ascertain the bualneaa transactions of the New Jersey cor poration, it Is merely necessary to tab the accounts relating to the braaas) bouses and those relating to tne Fort Worth and Sioux City packing bouses. The company, however, Is a genulna one, having large actual assets of Ma own, not a mere paper name. It baa no separate books and no' profits sep arate from those appearing In the ac counts of Armour ft Company, of Hit nols." How long the people of Chicago will continue to pay high taxes while con cerns like this escape aa they do, la problematical. HITS THEM time that tho personal tax dodgera union has In Chicago: ) The following table will show the real estate assessments lu 1008 for tho live boroughs of New York city: Manhattan aud Broux.... 94,301,070,050 Ilronx 300,087,730 Brooklyn . ... 1,181,221,010 Queens 217,008,775 Richmond 52.031,235 Total 90,240,480,000 Following .are tho figures of Now York's pvrsonal tax Hat for 1008: .Manhattan 93,501,000,000 Ilronx: 439,000,000 llrooklyu 1,320,000,000 Queens 291,000,000i Hlchmoml " 04,000,000 Total . . . , -. . .97,712,200,000 Chicago's personal tax list has fallen from 9125,000,000 to only 908,000,000 In live years. ' n 000,000 'more 'than, Swift ft Company nlono had on band on January Il6q7 according1 ' to "Chicago Securities," Pages 330 to ty. ,' M ', , I The( poor, real estate, owner baa, to binj-' n) the 'burden of supporting, the, government', of maktn'g lujproyouionte ami of protecting tho property nnd in te85 ftm tpx-rtodfiUm rlcb.iuvx xv Talk nuout a ''aluglo tax." The real eshjtu owners .of Chicago are'tboivlc- i horn ofi tlio'Uiost.lnlqultlousiBlngla tax ii .tho world.. in hn. wSi&iPccfno (Jpjirf, ,;WUen will tftp (Wi WJWtefc l,ft RMt Jn, toTuW coHinpttUyhhostlbunijJ.lui $ , 41 JC ! ttf 1 1 l VI fl A I), 'a )'t'tt 'l ' i , r 'Vi& . tf -R i. zi&&&&taM ;m mkuAA i-v. H iffi .!, V EKlEKi S.Xviu.