The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1875-11-25
OUR INTERNAL TAXES.
Over sIIO,OO0,00O Collected During the las
Fiscal Year.

Over Sic, 100000 Collected During the last
Fiscal Year.
The Commissioner of Internal Revenue in
lis annual report, just completed. makes q
comparison between the amount of revenue
collected in the United States during the year
s7ading March 81, 1874, and the amount collected
IA Great Britain. with less than oue-folrth our
population, under their excise Jaws, showing
'rlt the people OF the United States paid sl10.-
-7&5. 154,33 in currency. against slS3, 992, 756
e paid by the people of Great Britain in gold.
l'rom this he argues that those who find fault
with our system as oppressive and veNatiOus
lould modify their complaints, since Il given
s.nount oftaxesfrOm some source must be raised
defray the necessary expenses OF the Gov
.'inment, to discharge its obligations, and to
aaaintain the public credit
The report shows that the actual amount of
.rceipts into the Treasury from all sources from
tune 30, 1861, to June 10, 1874. exclusive of
Scans and Treasury notes. was as follows:
'ilStOms .....................Sl 1913. 10 367 81
tutcrnal Revenue............... J, 936, 32372o so
Direct Tax. 14,SlO lS9 ~
Public Lands. %, l5l, 95S O2
.iscelaneOtlS Observation-Disclosures. 236, 0S4 9S2 81
Premiums on Loans and sales
of Gold COn................~. 1872, 557, HI 46
Total ........"...............$4, 39o, 63S, 34 90
Commencing with the year 1866, there has
hnen a continuous repeal going on year by year
such internal taxes us were most oppressive,
at least as gave rise to most complaint, until
- present but few subjects of taxation remain.
she taxes are now levied upon distilled spirits,
imented liquors, manufactured tobacco, snuff
I'D cigars. upon articles embraced in schedule
pon such occupations, and upon banks, checks,
'.rposits, circulation and capital OF banks.
The receipts under the act Of March 3, 1875,
4!p to and inclusive of June 80, 1875, from the
.lferent articles subject to an increased tax,
"lich were distilled spirits, cigars, cigarettes,
;nd manufactured tobacco, were So, 203, $685..
he tax returned upon distilled spirits was
i,779, 799.S5. The Commissioner says it will
a,oubtless be matter of surprise that the in
creased amount realized from distilled spirits
,.rring that period March 3. 1875, to June 30,
SS75-Was so small. The explanation, however,
found in the fact that it became generally
i,nown through the proceedings in Congress
hat an increase in the rate of the tax would
probably be made, and distllers, in order to
,ealiZe the benefit of the increase, withdrew
from bonded warehouses, upon pay ment OF the
saXes at 70 cents a gallon, ., 430, Cpl gallons in
she month of January, 1874, and the enormous
.fuantity Of II ,504.356 gallons in February fol-
towing, leaving still n the bonded warehouses
4;ver .000 900 gallons of spirits on March g. 1879,
he day when the increase of the tax from 20 to
80 cents per gallon was made by Congress. By
aw these spirits were allowed, after bond was
.:iven, to remain in the distillery warehouse
enc year before withdrawal, and these spirits
have been and still continue to be placed on the
MARKET subject only to the former duty Of 70
eents per gallon. Had these spirits been sub
jected. like those manufactured after March 3,
1875, to q tax Of 80 cents per gallon, the differ
ence in the rates would have yielded to the
Treasury. after the entire withdrawal from
bond, at least 81, 100000.
The net amount of receipts from all sources
Of internal revenue during the last fiscal year
in the several States, is given as follows: