Mineral Point tribune. (Mineral Point, Wis.) 1869-1938, 1877-11-28
Report OF The Commissioner Of Internal
Revenue.
THE WHISKY BUSINESS.

A Washington dispatch, dated No
vember DIST, says the Commissioner
of Internal Revenue has handed
in his report TO Secretary sherman. 1t
shows during the last fiscal year 4 ,952
distillorics registered and 1910 operated
The net aggregate increase of receipts
from several sources relating TO distilled
spirits for the fiscal year, is 81 ,Oi3,344.
An abstract is given of reports of dis
trict attorneys for the fiscal yearshoNing
the whole number Of suits commenced,
5,S2S; suits decided in favor of the
United States, 1897 suits decided against
the United States, 605; suits settled or
dismissed 3,046; suits pending July lst,
1877, 6,0S5.
A statement is made showing falling
off in the total amounts assessed in the
year 1877 of $1,704, 1924 from the amount
assessed in the previous year, an amount
almost equal to the decrease of assess
ments of one single article of distilled
spirits seized or fraudulently removed
on which there was assessed III 1877
81 ,707, 300, less than in 1876, in which
year very large assessments were made
on account of the stupendous frauds
committed by distillers in various parts
of the country and discovered in the
latter part of the year 1873.
THE TAX on DEPOSITS,
capital and circulation of banks, &c. in
the fiscal year ended june 80, 1877, was
$93 49, less than in the previous year, a
decrease which must he accounted for
by the general depression of business
prevailing in the past year and to which
many banks, and particularly savings
institutions, were compelled to succumb.
1t should however, be remembered that
the amount reported in 1876 showed an
unusual increase (S2l1, 1922 Of tax on
the current banking business Of that
year over the previous years.
TIE AMOUNT ASSESSED on TOBACCO, SNUFF
AND CIGARS,
removed from the factory unstamped,
shows the large increase of S6l4, 100 over
the amount assessed in the previous
wear the amount so assessed III 1917
being about four times the amount as
sesscd in 1876, to-wit S419,3OS. 1t IS
true that assessments, cqualmg IN
amount this excess, were made against
certain manufacturers in Virginia and
North Carolina on tobacco alleged. to
have been fraudulently removed, nearly
fifteen months prior TO the date OF as
sessmcnts, and that additional evidence
was subsequently, filed upon which an
abatement of large part of assessments
was made Nevertheless, even after
making these deductions the value of
the safeguards provided 10y law, other
than that of afiiXing stamps Is demon
strated by the figures above given.
The total quantity of distilled spirits
in taxable gallons at seventy and ninety
cents tax placed in distiHcry ware
houses. Withdrawn thercfrom and re-
naming therein at the beginning and
close Of the fiscal hear ended June 30
1877 Is given at II, 143,3SS.
CAPITAL AND DEPOSITS OF BANKS.
Statements showing the gross amount
of the average capital and deposits OF
savings banks. other than national
banks. for the year ended May 1st 1876
and 1877 are given. Capital Of saving,
hanks 1876 S5,016G59; 1877, 81 ,965, 500;
capital Of banks and bankers 1876,
| soil ,634, $50; 1877, SLY ,215, 1888; deposits
of savings banks having capital 1876
sSS. POI SCI; 1877, $500, 30; deposits
Of savings banks having no capital 1876
sS451 100. 217: 1877, $50, 057 ,027; de
noaits of banks and bankers 1876, S4S3,.
45S 30: 1877, s475, 79O0S4; totals 1876
81 $50. 426 ,595; 1877, 81 ,591 ,OS6,5l9.
TOTAL COLLECTIONS FROM TOBACCO
for the fiscal year ended June 80 1877