Mineral Point tribune. (Mineral Point, Wis.) 1869-1938, 1874-12-03
Internal Revenue Report.


WASHINGTON, Nov. 10. a.
Commissioner of Internal Revenue
Douglass reports receipts for the last
fiscal year at $102, 644, 747, or $2,644,747
in excess of the estimate. The estimate
Of the current fiscal year is $107 900, 900.
The total drawback on spirits, tobacco,
and general merchandise for the past
fiscal year was $52346, and for 1874,
$50, 495 No spirits were exported for
drawback during the last year, and the
quantity of tobacco was very slight CON-
pared with the amount exported in bond
The amounts refunded for taxes illegally
collected were $61S,667 in 1873 and
$3.50, 749 in 1874. The receipts from dis
titled spirits for the fiscal year of 1874
were $49, 444 900, a net decrease of 3d.
655, $50. The receipts from special taxes
on rectifers and dealers show an increase
of $799,413. The production of spirits
during the year was 69,572 ,O62 taxable
gallons. Seizures amounted in value to
$476,362 The amount of distilled spirits
remaining in warehouse Sept. 30, for
payment of tax, was $12, SIT ,O96, making
a decrease of $3,240,613 from June 30.
The amount remaining for export was
reduced in same time from 2,145,0l0
gallons to 1,047,714 gallons.
The annual receipts from all sources
relating 10 fermented liquors for the year
were $9,304 ,679
Receipts from tobacco in all forms,
$50, 242, S75, a decrease of 81 ,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 steady in
crease Of collections over any previous
corresponding period. The largest
amount collected in any quarter was the
first quarter of the present fiscal year
SIC, 1862, 754. The receipts of the fiscal
year from this source are expected to ag-
gregate $36,0O0,0O0
The production of tobacco for the last
fiscal year was 1S,548,619 pounds, an in
crease over the preceding year of 2,107,-
6S4 pounds. The number of cigars,
cheroots, ETC., on which taxes was col
lected was 1,sS6,697, 49S, or 1868, 1852 in
excess of the previous year The quantity
of tobacco removed without payment of
tax for expectation for the fiscal year was
1O,S00, 1927 pounds, an excess of nearly
three-quarters of million pounds over
the preceding year.
The Commissioner considers it indis-
pensably necessary to control the move
ment of raw or leaf tobacco by the con-
tinuance of the leaf clauses of the act of
June 6, 1872.
The receipts from other sources were
Bank deposits, savings banks, capital
and bank circulation, $685., 900; adj
hesive stamps, $6,136,S44; penalties,
1864, 216; articles and occupations for
merly taxed, but now exempt, $764, $50.
The Commissioner extols the working
of the system abolishing Assessorships
and leaving the whole matter with the
Collectors as securing more prompt pay
ment and a larger amount of tax
The tax against banks and bankers
realized $3,0O0,734, an increase of $4O3,-
0i3 over the previous year, notwith-
standing the financial disasters of the
fall of 1878, and is largely due to the ne "
system of assessment, the results Ct
which are still more apparent in the rise
from collections from special taxes the
last quarter of the fiscal year 1872, when
they amounted to $3,303,539, against
So, S55,5S1 in the last quarter of the fiscal
year 1874
The Commissioner suggests that the
Bureau of Engraving and Printing, here
after, upon his requisition, furnish ali
the stamps necessary under the law ex-
cert proprietary and documentary, and
asks positive provision from Congress
upon the subject.
Should Congress wish to abolish stamps
on bank checks, etc, perfumery, cos
metics, patent medicines, matches, etc,
which yielded last year Sc, 1856, S44 (but
he is still Of opinion that the revenue
cannot be reduced with safety, the Com.
missioner says an equivalent could be
had by increasing the tax on spirits ten
cents per gallon, which would yield S..
951 900, or four cents a pound ON tobacco
would yield $4,612, 900.