Belmont chronicle. [volume] (St. Clairsville, Ohio) 1855-1973, 1874-11-26
Receipts ofthe Last Fis-
cal Year.

WASHINGTON, November 19.-Com-
missioner of Internal Revenue Doug.
las says: The receipts of the last fiscal
year were $l02, ,644 ,747, or s2,649, TAT in
excess of the estimate. This estimate
of the currant fiscal year is $1O7 900 900.
The total drawback on spirits, tobacco
and general merchandise for the past
fiscal year was So, ,346, and for 1874
$35, ,495. No spirits were exported for
drawback during last year, and the
quantity of tobacco was very slight
compared with the amount exported
in bond; amounts refunded for taxes
Illegally collected were $618, ,667 in 1873,
and S239, 749 in 1874; receipts from dis
titled spirits for fiscal year 1874 were
$49, IA ,o90, net decrease of s., ,655, 81;
the receipts from special taxes on recti-
tiers and dealers show an increase of
$799, Alb; the production of spirits dur
ing the year was $69, ,572, ,062 taxable
gallons; the seizures amounted in value
to S476,362.
Distilled spirits remaining in the
warehouse September 30Sh for pay
ment of tax was 12,577, ,096 gallons, a
decrease of 8, ,240,613. From June 30th
the amount remaining for export was
reduced in the same time from 2, ,145, oil
gallons to 1,047,714 gallons. Annual
receipts from all sources relating to fer
mented liquors for the year 9,3O4, ,679.
Receipts from tobacco in all forms 3d.
242, ,875, decrease of 1,143,427. due to
the closing out of bonded warehouses
in the early part of the year, and the
effect of the panic. From November
to the present time there has been a
steady insrease of collections over any
previous corresponding period. The
largest amount collected during any
quarter was during the first quarter of
the present fiscal year,-Sl0, 1872, 754.
The receipts for the fiscal year from
this source it is expected will aggregate
Sc, ,O0O,0 900. The production of tobacco
for the last fiscal year was 11S, ,54S,61
pounds, and increase over the preced-
ing year of 2, 107 ,6S4 pounds. The num-
ber Of cigars, cheroots, &C., on which
the taxes were collected was 1886, ,697, :
1873, or 79, ,662, $50 in excess of the pre-
vious year. The quantity of tobacco
removed without payment of tax for
expectation for the fiscal year was TO-
500, ,927 pounds, and excess of 100000
pounds over the preceding year. The
Commissioner considers it indispen-
sibly necessary to control the move
ment Of raw or leaf tobacco by a con-
tinuance of the leaf clauses of the act of
June 9th, 1872. The receipts from
other sources " ere: Bank deposits, saw
ings banks, capital and bank circula-
ton, Sd, ,3S7 100; adhesive stamps, &c.
136, ,S44; penalties, $364, PIG; articles and
occupations formerly taxed but now
exempt, S764, $50. The Commissioner
extOls the working of the system of abo-
fishing assessorships and leaving the
whole matter with the collectors as
securing more prompt payment and a
larger amount of tax. The tax against
banks and bankers realized $1,000, ,734,
an increase of S403, ,0l3 over the previ-
Gus year; Notwithstanding the financial
disasters of the fall of 1873, and it is
largely due to the new system of assess
ment. the results of which are still
more apparent in the rise from cOllec-
tions from special taxes the last quar-
ter of the fiscal year of 1872, when they
amounted to s., ,303, ,539, to S., ,855 ,5S1 in
tht last quarter of the fiscal year of
1874.