Fayette County herald. [volume] (Washington [Washington Court House], Fayette County, O. [Ohio]) 1860-1???, 1874-11-26
Internac Revenue Receipts for
the Past Year.
WASHINGTON, Nov. 10

Commissioner OF Internal Revenue,
Douglas, reports the receipts of the
fiscal year at S1O2, ,644, ,747, or s., Oh,
TAI in excess of the estimate The
estimate of the current fiscal year is
S107 100000.
The total drawback of spirits, to
bacco and general merchandise for the
fiscal year was S52. 1856, and for 1874,
S35, ,49j. No spirits were exported
for drawback during the last year, and
the quality OF tobacco was very slight.
compared with the amount exported
in bond.
The amounts refunded for taxes IL
legally collected were $61S,GG in 1873
and S239, ,746 in 1874.
The receipts from distilled spirits
for the fiscal year 1874 were S49, ,444,-
| $50, a net decrease of s., ,655, ,2S1. The
receipts from special taxes on refiners
and dealers show an increase of $780,
413. The production of spirits dur
ing the year was 69,572, ,O62 taxable
gallons. The seizures amounted in
value to $476,362. The amount of
distilled spirits remaining in ware
honse Sept. Both, for the payment of
tax, was 2,577 ,096 gallons, a decrease
of 3,244, ,613 gallons from June Both.
The amount remaining for export was
reduced in the same time from 2,I44,-
010 gallons to l,O47,714 gallons. The
annual receipts from all sources rela-
ting to fcrmented liquors for the year
were S9,304,679.
Receipts from tobacco in all forms,
amounted to 33 3,242, 1915, a decrease of
I1,143,427, 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 4 steady increase
of collections over any previous cor
responding period. The largest amount
collected in any quarter was the first
quarter of the present fiscal year, So
162, ,754. The receipts for the fiscal
year from this source, are expected to
aggregate S36, 100000.
The production Of tobacco for the
last fiscal year was lis, ,548,6 ,619 lbs.
an increase over the preceding year
of 2,107, ,6S4 pounds. The number o
cigars, cherots, etc, on which take!
were collected was 1886, ,G97 ,49S, o
1862, S52 in excess of the previous
year. The quantity Of tobacco, re
moved without payment of the tax 10
) expectation, for the fiscal year
r amounted to 1O,8OO,927 pounds, a
! excess of nearly three quarters of {
million pounds over the proceeding
Y year. The Commissioner considers
indispensibly necessary to control tn
G movement of raw or leaf tobacco, b
J.. the continuance of the leaf cluses {
the act Of June 6, 1872
Receipts from other sources wert
> bank deposits, savings banks capita
!" and bank circulation, $685., 100; a(
hesive stamps, $6,136, ,S44; penalte
n $364,2 PIG; articles and occupation.
n formerly taxed but now exempt, $7G4
y $50.
The commissioner extols the WORK
4r ing of the system abolishing assessor
G. ships, and leaving the whole matte
T. with the Collector, as securing MOI
prompt payment and 4 larger amcur
Of tax.
* The tax against banks and banker
L. realized $3,000,734 an increase {
p $403, ,013 over the previous year, no
withstanding the financial disasters
the fall of 1873, and is largely due
the new system Of assessment, the 7
rs suits OF which are still more appare
~ in the rise from collections from sp
III cial taxes on the last quarter Of Il
ge fiscal year of 1872, when they amour
H. ed to SO, 3,303, $50, and to S., ,855, ,581
On the last quarter of the fiscal year
1874
The Commissioner suggests tn
ey the Bureau of Engraving and Prir
SO ing hereafter, upon his requisite
lie furnish all the stamps necessary und
,is the law, except proprietary and doc
=, mentary, and asks for positive pl
he vision from Congress upon the ST
lat ject. Should Congress wish to abe
its ish stamps on bank checks, etc, peri
,er merry, cosmetics, patent medicin
M matches, etc, which yielded, last We
w $6,136, S44, but still be Of the opini,
're tbatt he revenue. can not be diminish
TX with safety, the Commissioner says
vi equivalent could be had by increasi
Mo the tax on spirits ten cents per gallo
y. which would yield &6,957 900, or fc
~ cents pound on tobacco would VII
~ 81, 4,6I2 900