The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-03-03

Asi4p barrels the product OF those moniha For tho
daiy production Of 1854 OF es23 barrels and the est
mated daily yield immediately before the discoveries In
rithole creek 1000 barrels per day That average
May 1865 aggregate Of 66l SAT barrels Tho total
production thus obtained for tho year 1895 VIII DO
2290 200 barrels Tho between that sum and the
sum obtained by the 1rst process 1911 6fI, tho Com
mission adopt as their estimate.
PRESENT DAILY PRODUCTION PETROLEUM.
The average number OF barrels paid for tho months
Of November and December, with the fifteen per cent
added gives daily production Of TO- od4 barrels II NO
add 10 30 per cent for the amount consumed fuel
waste at tho wells and loss by evaporation the present
yield may be stated approximately at i: 600 barrels per
observers who have reported TO tho the
results OF observations made on the ground. The
has been paid on few barrels In Missouri and California
The tablo also confirms the statements respecting tho
small yield In West Virginia and Kentucky These data
warrant tho following es, mate:-
Stpcs Barred Stuff BdrreI
pennsylvania ...ild as kentucky. ......... $50
Unlo. ;;....;.......' 2o -
The Commission have been loss obtain reliable
data from West Virginia and Kentucky, been
necessarily governed by the amount OF tax collected
They have Information Of about Ave thousand barrels OF
crude In the tanks IN kentucky, which they have also
taken into the account Their conclusion with tho
estimates OF the largest and best informed OF tho Plus
burg rehnes Thoy, however, think not improbable
that very ase increase Of production may take place
In these two States
Should Congress repeal tho duty upon crude petro-
hum tho production will probably be increased herein
ooio" ohinatcu now long the present prouuctoh VIII
continue purely matter Of surmise but, from present
appearancesand considering tho permanent character
OF the wells In Asa-n nabe & aTf,osc thai Il
vii alrdys be rtaoe for The ,oarts Of this country
should IT, however, como TO an end ample and per-
manent supply Of oil will DO obtained, bat at higher
prices from The shdLs and rich bifumnous Goals which
are found In almost all parts Of the United States aud In
the greatest abundance.
Without going into the details OF the calculation, tho
Commission give II as their opinion that the consump-
ton Of refined petroleum will increase rapidly In the
United StaIes particularly in tho Southern States
and that h the duty upon crude should be abolished The
revenue from refined at cnfy ees per gall may be
pcefed 10 dmousl 10 SIR lions Of lar per
The Commission decline TO recommend my change In
the duty upon napbtha at present advised dicul-
ties In collection OF the tax, and fraudulent evasons
might result from different duties upon that article and
upon illuminating oil.
They submit herewith the form Of BILL in accordance
with the recommendations made by them in the forogo-
Ing report.
Respectfully submitted by order OF and for tho United
States Revenue Commission
5. g. HAYES, Chairman Special Committee.
The bill proposed by the committee continues la force
the former tax refined petroleum, dc hut rcpeais
entirely tho tax on crude OIL