Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1874-11-21
INTERNAL REVENUE STATISTICS
Important Featares Of Internal Reve.
nue. CommsssioHer Douglass
Annual Report.

WASHINGTON, November l9 Com
missioner OF Internal Revenue Douglas
reports the receiDts Of the last fiscal
year at SiS2, ,644, 747, or 81 ga 747 in ex-
cess of The estimate. The estimate for
the current fiscal year is Sl07, 900 900
The total drawback on spirits, tobacco
and general merchandise for the past
fiscal year was S52,346, and for 1874,
s35, ,495. No spirits were exported for
drawback during last year, and the
quantity of tobacco was very slight COM
pared with the amount exported and in
bond. The amounts refunded for taxes
illegally collected we're S6lS 867 in 1873,
aud S299 749 ia 1874 The receip's from
distilled spirits for the fiscal year 1874
were $40 444 090, a net decrease of 81
| Cos, Isl. The receipts from special taxes
on recti6ers and dealers SHOW an in
crease of S799. 4l3. The production Of
spirits during the year was SO 572, ,062
taxable gallons. ThsseizHres amounted
in valve TO S476 1852. Distilled spirits
remaining in warehouse SeDtemb her S0th
for payment Of tax was u 577 ,096 gal
Ions, 8 decrease of 3. .z40,6I3 gallons
from June 30th the amount remaining
for export was reduced in the same time
from 2, 145. .0l0 gallons TO I,047, ia gal
Ions. The annual receip.s II N all
sources relating to fcrmented liquors for
The year amounted 10 50 800 679; re-
ceipts from tObaceO in all fDms, S33, 242 :
575-a decrease Of 81, I43 AZ, due TO the
closing out Of bonded warehouse in the
early part of the year and the effect of
the panic. From November TO the
present time there has oeen a steady in
crease or collections over any previous
corresponding period. The largest
amount collected for any qusrter was
the first quarter OF the present fiscal
year, being $40 1872, 754. The receipts for
the fiscal year from this source are eK-
pected to aggregate $26 600 COO The
production of tob tccO for the last fiscal
year was lis, ,54s SIG pounds, an increase
over the prece ing year Of 2,l07 5S4
pounds. The number Of cigars, cher0ots
etc, on which taxes were collected was
l SS6 607, 49s, or I9 662 S52 in ex-
cess Of The previous year The
quantity Of tobacco removed with
OUT payment Of taxes for exportstion
Tor the fiscal year wa 10 500, 927 pounds
an excess of nearly three-guarters of a
million pounds over the preceding year
The commissioner considers it indispen-
SADLY necessary to control the move
ment of raw or leaf-tObaceO, by the con-
tinUing the leaf clause Of the act of June
g, 1872. The receipts from other sources
were; bank deposits, sAviDgs-bank capi-
tal and bank circulation, So, 3s7, 100; ad-
hesive stamps, Sc, 136,G44, penalties,
S364, ZIG; articles aud 0ccu ,stions form-
erly taxed, but raw exempt. S764 $50.
The commissioner eXtOls the woTking of
the system abOlishing assessorships and
81
lect0r, as securing more prompt payment
and larger amounts of tax. The tax
against banks and bankers realized 50 i
600, Z34, an increase of S403, ,0l3 over the
previous year, Notwithstanding the
financial disasters of the fall OF 1873,
and is largely due to the new system Of
assessment, the results OF which are
still more apparent in tia rise from
collections from special taxes the last
quarter Of the fiscal year lS72, when they
amounted TO s., 800, $50. and S., $50, ,5Sl
in the last quarter Of the fiscal year,
1874. The commissioner suggests that
the bureau Of engraving and printing
hereafter, upon his requisitiOn, furnish
all stanlEs r.sessary under the law, eX-
cept proprietal sRd documentary, and
asks a positive "a -isiOn from congress
on the subject. 5ho1 congress wish
TO abolish the stamps on bank-cheeks,
perfUmery, cosmetics, patent medicines,
etc, which yielded laet year So, ,lS6. 844,
but still be OF opinion that the revenue
cannot be diminished with safety, the
commissioner says an equivalent canld
be had by increasing the tax on spirits
ten cents per gallon, which would &ield
81, ,957, 600, or four cents perpound on to-
bscco, which would Yield 81 6l2, 000.