The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1877-11-23
Report Of tho Com TN issfoncr Of inter
nal Revenue.

|. WASHINGTON, November 21.-Thc Com
missioner OF Internal Revenue has submit
ted his annual report to the Secretary OF the
Treasury. The report shows the total num-
|'ber OF distillerics registered and operated
during the tscal.ye ending June 81, 1877,
to be 4,510. The receipts from the several
sources relating to distilled spirits for the
same period were 257, 469, 1912, showing
net aggregate increase over the pre-
vious year OF S1,043,064.59. The total
collections from tobacco for the same
period were S4l, 1O6,546.92. A compa-
rative statement shows that while there has
been a decrease in collections from cigars
of S170,329. 0S,. there has been an increase
in collections from cigarettes OF 1924 ,995.7S.
From all the sources compared there is
shown to be an increase in the sum total
from collections Of S1,311 ,207.01. This is
the largest collection made in any one year
from tobacco since the present internal-rev-
enue law has been in operation. The total
production or manufactured tobacco and
cigars for the fiscal year ending June 30th
was 12T,5U1,14 pounds, showing an in
crease on the previous year OF 7,T04, 422
pounds.
A statement Of the average capital and
deposits OF banks shows the totals to be as
follows: Average capital. S211 ,G54, 5SG !;
average taxable capital, S1S6,0G0,5S3; ave-
rage deposits, S4S3, SIS, 242. a comparative
| statement shows Il falling off in the total
amount assessed in the year 1877 Of -, T04,-
32i.61 from the amount assessed in the pre-
vious year-an amount almost equal to the
decrease Of assessments Oh the single article
OF distilled spirits, seized or fraudulcntly
removed, OH which there was assessed in
1877 81, 707, 290.S0 less than in 1876, in which
year very large assessments were made
on account OF the stupcndous frauds COM
mitted by distillers in various parts Of the
country and discovered in the latter part OF
the wear 1875. The tax on deposits, capital
and circulation OF banks, &c, in the fiscal
year ending June 80, 1877, was 500, 437 less
than in the previous year-a decrease which
must be accounted for by the general de-
preston of business prevailing in the past
year, and to which many banks. and par
ticularly savings institutions, were COM
PEELED to succumb. 1t should be remem-
bered that the amount reported in 1876
showed an unusual increase Of the tax on
the current banking business Of that year
rover previous years. ..
The tax assessed on proprietary articles
removed from mandatory unstamped will
probably always remain small, but the APP
parent decrease of SS,964.34 reported this
year from the amount assessed in the pre-
vious year is partly accounted for by the
fact that the amount assessed on proprie-
tary articles in 1876 included items amount
ing to $7,1s6.97, which were assessed for
gas manufactured 1862 and subsequently,
and should have been assessed in pre-.
| vious years.
AS the taxes on legacies and SUGGESTIONS
and on incomes and dividends were abo-
lished, and as assessments thereon are only
made for transactions which had their orr
gin prior to the 1st OF October, 1879, ana
under the saving clause of the repeating
acts, the amounts so assessed must OF ne
cessity grow less every year, hence the de-
crease on legacies and SUGGESTIONS OF S61,-
1891, and OH incomes and dividends OF
S165, 206.4S.
The amount assessed on tobacco, snuff,
and cigars removed from factory unstamped
shows the large increase Of S314, 505.79 over
the amount assessed in the previous year.