The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-01-30

part, moreover, remained uncolected on December i
1895. The additional collections made 10 be made
since that period viii, in the opinion Of the Commits.
soner further augment the receipts for tho income
the future with nv shnnaes s %
the Commission believe that government may safely
rely on an annual revenue from this source Of about hfy
| RANKS
From the excise on banks and railroads the amount
the Commission the collection OF similar amount
| Tor the immediate future.
The receipts nom refined PETROLEUM and coal oil since
1868 have been as follows;- !. n.tsa aag VA e
l isss $40 96s %
1865 2ia II
For the first quarter tho Asci year ending juno 90
nnod petroleum ana coal oil were $500 iii o. for the
corresponding quarter O. 1894 the receipts were $50
The tax upon petroleum was ten cents por gallon, and
upon OIL distilled from coal exclusively EIGHT cents until
June 30 1894 after which the rates twenty and ~
BY the amended aci Of March 8 1895, duty was i'm
posed o. one dollar each barrel Of crude petroleum Of
forty Ave gallons The amount received from the lime
the tax wont into effect until INC slose Of the fiscal year
when viii Be- fcna din n detail Il ss special report NO
ON this subject the Commission recommend that the tax
nus mrcsod on crude petroleum be repealed and that
benzolo, &C., b, retained as at present
they are alsoof the opinion that when the Of all the
ing coal shals have been more fuy developed that
win be possible for the government q derive much
larger revenue from these articles with much lower
rate Of excise than Is now imposed
For the next fiscal year tho Commission believe that
refined coal oil and petroleum.
NAVAL STORMS. rg
Under the present excise law, Of twenty four
per gallon is imposed upon spirIis Of tnrpentne
and ok pcr cent nd vslorem rosin Owing 10 the
fact that the principal portion OF these productions
manufactured In sections Of the country OVER which the
revenue laws have not, until recently, been enforced
the revenue derived from the has been nconsder
1895 having been but 81 46I g.
IL represented to the Commission that the tar at
present imposed upon rosln and distilled turpentne Is
articles from the United States, 10 grcat extent, con
trolls the prices Of the world they are the opinion that
the tax spirits Of tnrpcntpc and rosin should not be
wholly remitted, and that drawback their export
TO foreign countries be allowed
The product OF turpentlne distilled In 1900 was returned
6y me census az l2,174s5l gallons and OF rosin at
l2o o09 barrels At tho present rate " twenty.four
cents per gallon the turpenne prodpct Of 1880 would
yield . revenue OF about thrcs millions Of dollars
.saSsl eSg and assuming he valuation Of the rosin
revenue from this source at six per c. Mt ad valoren
would yield zl3s 600 II is evident therefore that
nestle and foreign demand likely to he very consider
ane ana wil fall in part upon the foreign consumer
f ros me unre the Commission estimate the revenue
tr0m these articles ut two millions OF dollars.
III ucEvsFs
The receipts from licenses for the several years during
which the Internal revenue system has been In operation
-
lsot .f6,S2417k AZ
,ocs ~
With the extension OF tho revenue laws large
ton OF our country wherc they before imperative
win hereafter in rrgsrd the Icyying and
collecting Of The excise upon clothing and other articles
from this source viii unaoupssdy be much aasmenied;
and the Commissions sssunse Aflesn mIlioss Of dollars
ee receipts dor tho nssai yesE endns Jane 30 1867
year year Isas rom tho came source, wem e2,iJs,sos
: ~ $3.50 ats 4. tsra sr,xrs sa
With such small expenss, ADD With comparatively -
aie frApd, and which in shs future augmented
country ss than dcrivaps nom sianpa Tho following
are te receipts which have hitherto aeesued from This
Yisssi yszr 1854 - =
Fiscal year 1868. III x,JS2 ~
Our adhesive revenna stamps now embrace eight
different classes sizss ard thrtytvo denominations
varying from one cent TO Two hundra dollar ,ney
believed 10 every guarantee against counterfeit
Ing which the best ski aud knowledge can afford To
this @clrY be pded the safeguards VI cumming
and especially pefsaion processes necessary 20 perfect
every stamp and requiring costly and peculiar machinery
quite encctay -tbe engraved currency while lttle
Or no farue. ~haevcro Is utornnce are afforded him;
their usc Furthermore pochc, aud their value bears
no comparison With the ca Us which may b. nas.e BY
fraudulent Issue OF tho national currency These state
nnd practical cxcmpioea'ion in the feet that We
have yet 10 bear fs, successful cosnfec, Of
adfesive revenue stsu.a
me ,.nid Irrs~.ss M hs rsxen,. race from s,aups
a owus m ! coasdsrsble degree 20 The recent require
msns q law whereby receipts az money (over twenty
required 70 b. stampsd; bot q the same time nafn-
ri advanco In business throughout the country
greater familisrty Of the people with the aw and it,
more rigid snfoscemsus By the government have poe.
cruly contributed swell The receipts from this source
OF u slamps Thus mr. consumed, u appears from
rspos 49, % the commission BY the government con
rsctc Tor The manufacture OF stamps that Sly
Of the enere Consumption CONSIST ~ The two cent bank
check and reccpt stamps; the varcus propnctoy
smpa and Of the cent stamps required 70 be AIMED
n matches.
The most Important results IN This department OF the
revenue therefore, Gov from the smallest stamp taxes
universally dinnscd Thus one third ~ We revenue re.