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


D %: oi a. Cree. to r's 90 g
Coal, btuminous, per ton ............... -aia 90
Do, Blossb re- do. ............... AIS 90
Do, snowshos, do ................, ~ a 10 20
Lumber, common per /, 000 ..........2 5 90 80 90
Do, clear do go 90 a 90 90
Do ;sh;nslas............. soa ! SO SO
Lime, common per bbl.................. ooa . 80
water, lime, do. .............-.... "a oo
Rr Ga n oo1 Nv ..'......''.'..'..oo 90 % 90
: In evidence tha. even in November last whom
miles Of ri,usvio, wore isa@ me s"~aysd ~ss had
stopped noa q them ~ dcconnt Of he govsrnnirn' tdr.
per DAY Generally these were owned BY poor men,
who were greatly Oppressed BY the tax.
SUnnfR
In 1855 there were in venango county, Pa, TAI pro-
ducing and 1928 non-producng wells
rsricr ON PRODUCTIONS or TIE TAX on n'uDE-
number Of wells 10 3o69 The number Of wells not pro-
ducpg Is 32S, and OF these at least nth, 4o6,
w0aa yield on the average wo ave bsres each
per day 70 the present production From this additional
product, adopting the ratio Of Mr. Summer, Mr.. Frcw
sumption, paying government tax Of 50 pcr barrel,
loS barrels per day Of refined. Tho addi.
Of the revenue from crude, would be sa,72o
per day and for the OF three hundred and thirteen
working days $50 r .lso eer.,n sha. IL the
would be sunk on territory from which small but
munerating product could DO obtained. The hope OF
repute Of land oil land, induces many parties
keep on pump ng small wells at q loss-wouid further
the ooIntry must eventually BE- obtatned from pumping
wes yielding but few barrels per day. and legsating
these small wells out Of existence besides the wrong and
injury 70 their owners has direct tendency destroy
the entire on production OF the country, Of the
largest and most important branches Of its Industry.
The Commission have tho reported production Of
each OF the hundred and ninety-seven farms This
reported production. In thsr opinion Is from
ter ~ third In OF the actual steady production
But taking the reported production TO be the pro-
duction the following statement Ia approximately
rec. VI the iss farms only o. prod CO daily over 70
and the average daily production Of the producing wells
upon them In 40 barrels each.
Upon the remaining 81 OF the 81 farms there OIL
prod cng wells and the average yield for each well Is
10 20 barrels p r day.
~ entails loss the owner Of $40 per day II eyi.
dent that the oil producing business, whole, IL
losing business and no further asgament is needed 70
tax upon crude.
Il may be stated, however tn. unanimous opinIon
least obnoxious are those laid equally upon
tons OF capital and the unjust and obnoxious
o. prodaction, tend . increase % the poorer
classes tho expenses OF living In both OF
therefore, while the Commisson have proposed no i'm.
mediate reduction Of the tax refined OIL they have
expressed the opinion in their report thai here.
alter that tax should also he reduced
suxnER EEYiSEnms rRopucrs,s.
There are about one hundred and ninety -four rsnneres
In the United states laying duties amounting to
81, ,o23 II, ON lss7s, oo2 gallons Of refined
GKSrhAL VIEW
II important 10 ascertain, II possible the amopnts
Of petroleum that have reached market heretofore and
IN what shape and where they have been CONSUMED.
This Is question very dlcul, OF solution and any rc.
suits obtained must DO tax n as only approximate Tho
difficulty IL increased from peculiar. circumsfancea
Among which are the remotensss OF the oil region tho
Congregations resulting from speculation there
the ono land, and the disturbing influence Of a
and onerous excise system on the othr
husfn and fln Aafa
that We viii not attempt TO follow the inquiry farther
back than 1854
$42 s7s4eo The value OF that exported, crude and
fined, was 800 These values are obtained by
Of free sapea 10 New York FOR tho Year p''o
The total Of syde oil thus accounted for for the year.
$50 sI sgs being s Say product FOR 81, work
increase Of stock on hand OF which wc hayo reliable
estimate.
Tho following Ia approximate statement OF the oil
transported from the Pennsylvania oil regien by three
routes, In 1884, OF which part was renned:-
BY Atlantic and Great Western Railway ~ 775 600
By OIL Creek and Philadelphia and Ere Railway 100000
BY Allegheny river 10 Pttsburg- .......... 100000
For isos ws have a. abovs:-
Refined consumed In United Ststss ......... TIT 43l
Crude converted Into aid renncd ......... sossiI
Ths exports for lses leaving oat rse.duum and naph.
sa u the Of Which .sps ~.s assd
ga,rst
Re1ned, ooasuncd... ACKNOWLEDGEMENTS. r2o,t3l
Rsnnsd, sxpored.. Observation-Disclosures. ss2l Isl
Total 1855. ............... IA, o2s
Converted into refined. IAc, 100
Wssiss On ioais. ana a.,d my 1000
Erosss Of stocks remaining, say.......... $4,000
me amount q d. products and ii.i value: ! : TO-
lovss-
kenned.... ..........-. I'll, o23 e30,sss S7
Dutcs paid. ......................,.... 1,Tv<ozs
Crude: roo s2so.Iss
PhfhA.... ............. ~, 90 tA,Tp<
Residuam. ............ 2,70s ts,gss
n. y.las Of shs Oh ana oil piodaci. sipodsd was
The Total Of crude on shsv sccosnssaor for se year
ia SIS barrels being daily product Of 1873 bar
Ths following 10 an approximaio statement OF tho
numbsr of barrels Of ol reaned included Transported
nom The Pennsyivsnia oil ssg'ons IN Asss;-
ny Atlantic and Great Western Railroad. $50 ooo
by on Creek and fennsyivAniA and Eastern Ran 49,.
roea ssumssea...s.s. 700
~ Aieghany river.
49,, -
Afd three gallons per barrel FOR Increased ss: o. bar
rss owing 10 part 70 The forty nve gallon Limitation In
s aw and wo have for he number u barrels Of forty
Barrs
Transported by Three routes: :. p7s o75
kxccm Of stocksin on regions. ............ 10000
Tofai.. 0sf p23
fhis estimate docs NOT INCLUDE tc cousump'ion for the
pear In the OIL region.
. The Commission have been furnished by the Hon r
Rollins, Commissioner of Internal Rsssuue with the
foosinz Interesting table, showing fks cosctions on
Acnoart q the excise duty upon eruds cal of one dollar
six months from June o. les 10 January l. 1893 Tho
.ecgnfs OF coIiccfions Tor The SIN months D<s,pA
on, shows that fhs tan was NOT fully ooierfsd We
WI assume ths evaporation esrapinS Axsften 70 BE
sncs that the proportion was ueaxcr Add fri1<n par
'snt l55os7 bAfre, 70 ths Ola barrels psynA ibs
as sAd three ssiicns pr hsrs fov cross over fNv
Z IN svs..ss PREDICTION per d1y szfo sar.Is tiss