The true northerner. [volume] (Paw Paw, Mich.) 1855-1920, 1874-11-27
Internal Revenue.

Commissioner of Internal Revenue Doug
lass reports that the receipts Of the fiscal
year were $102. ,747, or q, GA TAT in ex-
cess OF the estimate. The estimate of the
current fiscal year is S107, 900, 900. The total
drawback on spirits, tobacco, and general
merchandise, for the past fiscal year, was
S52 3l6-and for 1874, S3., 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 $6l8,667 III 1873, and
$3.50 TAO in 1874. The receipts from distilled
spirits, for the fiscal year 1874. we're $49, 444,
09O, a net decrease of S2,655, 281. The re-
ceipts from special taxes on rectiiers and
dealers, show an increase of 5799,41 The
production of spirits during the year was
90, 372.062 taxable gallons. The seizures
amounted in value to Si76, 1862. The amount
of distilled spirits remaining in warehouse,
Sept. 80, for payment of tax, was s12, 81, 096,
making decrease OF 80, 240,6l3 from June
80. 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
S9,304, 679. Receipts from tobacco, in all
forms, $50, 242, SIS, 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, 162, 754. The receipts Of the
fiscal year from this source are expected to
aggregate S36, 000 900.
The production OF tobacco for the first fiscal
year was lis, 548, 619 pounds, an increase over
the preceding year OF 2, 107, 6S4 pounds. The
number of cigars, cheroots, etc, on which taxes
o,l1o nt.aI ~
in excess of the previous year. The quantity
of tobacco removed without payment of tax
for expectation for the fiscal year IL, 300 927
pounds, an excess of nearly three-quarters of
million pounds over the preceding year. The
Commissioner considers it indispeusably 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, S3,387, l00 adhesive stamps,
90, 1876, S44 penalties, 1854, ZIG; articles and
occupations formerly taxed but now exempt,
5764,8S0.
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
$4,000, 734, an increase OF 1908, 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 1872
they amounted TO S1,303, $50, while this year
they foot up S5,S 1881 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
ent medicines, matches, etc, which yielded
last year Sc, 1876, S4i, 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 sc, 957, 900. or
cents per pound on tobacco would yield :4,-
612, 900.