The Kenosha telegraph. [volume] (Kenosha, Wis.) 1860-1888, 1874-11-26
Internal Revenue.

Commissioner of Internal Revenue Doug
lass reports that the receipts of the fiscal
year were $102, ga, TAT, or 80, 644, TAT in ex-
cess of the estimate. The estimate of the
current fiscal year is $107, 100000. The total
drawback on spirits, tobacco, and general
merchandise, for the past fiscal year, was
$52, 3i6-and for 1874, $35 495. No spirits
were exported for drawback during the last
year, and the quantity of tobacco was very
slight compared with the amount exported in
bend. The amounts refunded for taxes ille-
gally collected were $618,667 i'll 1873, and
$239, 749 in 1874. The receipts from distilled
spirits, for the fiscal year 1874, were $49, 444,-
900, net decrease of SO, 655, 201 The re-
ceipts from special taxes on rectifers and
dealers, show an increase of $799, Alb. The
production of spirits during the year was
69,372. 062 taxable gallons. The seizures
amounted in value to $476362. The amount
of distilled spirits remaining in warehouse,
Sept 80, for payment of tax, was $l2, ST. 096,
making decrease of SO, 240,6 13 from June
30. The amount remaining for export was
reduced in the same time from 2, 145, 010 gal
Ions to 1,049, TIA gallons.
The annual receipts from all sources relat-
ing to fermented liquors, for the year, were
$9,304,67 Receipts from tobacco, in all
forms, $3.50, 242, 1915, decrease of 81, 143, 427,
due to the closing cut of bonded warehouses
in the early part of the year, and the effect of
| the panic. From last November to the pres
ent time, there has been steady increase of
collections over any previous corresponding
period. The largest amount collected in any
| quarter was the first quarter of the present
| fiscal year, $40, 1872 54. The receipts of the
| fiscal year from this source are expected to
aggregate 1856, 000,0 00
! The production of tobacco for the first fiscal
year was 118, 548, 619 pounds, an increase over
the preceding year Of 2, LOT, 684 pounds. The
number of cigars, cheroots, ETC., on which taxes
were collected was 1885, 697, 408, or 70 662, $50
in excess of the previous year. The quantity
of tobacco removed without payment of tax
for expectation for the fiscal year was TO- 300 927
| pounds an excess of nearly three-quarters of
| a million pounds over the preceding year. The
| Commissioner considers it indispensably neces-
sary to control the movement of raw or leaf
| tobacco by continuance 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, $3,387, 100; adhesive stamps,
So, 1876, 844; penalties, 1854, 216 articles and
| occupations formerly taxed but now exempt,
| 1874, $50.
| The Commissioner extols the system of
abolishing assessorships, and leaving the
| whole matter with the Collectors as securing
more prompt payment and larger amount Of
| tax.
| The tax against banks and bankers realized
| $3,000,734 an increase of. $303, 013 over the
previous year, Notwithstanding the financial
disasters of the fall of 1873. The increase is
| largely due to the new system of assessment,
| the results of Which are still more apparent in
the increase of collections from special taxes.
For the last quarter of the fiscal year 1879
they amounted to $1,3O3, $50, while this year
they foot up $5,8j5;581 in the last quarter of
the fiscal year 1874.
The Commissioner suggests that the bureau
of engraving and printing thereafter upon
his requisition, furnish all stamps necessary
under the law, except proprietary and docu-
mentary stamps; and asks positive provision
from Congress upon the subject.
Should Congress wish to abolish stamps on
bank checks, ETC., perfumery, cosmetics pat
emit medicines, matches, etc, which yielded
last year $6, 1856, 844 but still be of opinion
the revenue cannot be diminished with safety,
the Commissioner says an equivalent could be
had by increasing the tax on spirits 10 cents
per gallon, which would yield $6, 957, 900, or 4
cents per pound on tobacco would yield 3d.
612, 900.