The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1885-01-26
AN ARDENT ARTICLE.
The KENTUCKY WHISKY TRADE
he Present Condition of the Red Eye
Market-The Tabulated Statement
of Gallons shows That There
is "Millions in it,"


due reference TO the periodical revul-
lions of considerable violence in this
rade recurring at intervals Of seven o,
light years, and also noted that the
climax of a period Of depression was
cached in 1878, for two or three years
preceding which there had been re-
duced production, yet leaving stocks so
aeayy and sluggish that after becoming
involved in extensive embarrassments
he trade was finally compelled to seek
ellef from congress of several burden
,ome provisions of the law. Then upon
hepassage of the Carlisle bill, extending
he bonded period from one wear
three years, The trade in 1879 entered
pom period OF exceeding prosperity,
'hlch was further stimulated by the
eneral bouyancy developed in other
ranches OF commerce, resulting in the
apid extension of distillery capacity.
nd finally in great overproduction OF
me WHISTLES in lSS0-S2, leaving the
BUSINESS in the latter year very much
depressed by the weight of excessive
JOCKS. me production in Kentucky in
ne nscal year lSS0.Sl amounted to 81
69,W7 gallons, and in the fiscal wear
59-SO, to l5,ol3,279 gallons, showing an
Increase OF III per cent. Beginning
Nth the spring of 1882, there was very
,reat reduction of the scale Of manufac-
ure, and the efforts OF the trade were
directed toward arranging to carry, and
maturity, to pay the tax on
ne surplus, for which no inn
Mediate market could be found.
the. movement to secure an ex-
ension OF the bonded period having
allied, the holders of whisky resorted to
xporting the goods in bond to Ber-
nuda, Bremen and other foreign
countries to gain further time in which
o pay the internal revenue tax, and in
1852, and particularly in 1883, the trade
was for the most part very dull and de-
pressed. AS 10 the course of events
during 1884, careful sketch in the
Wine and Spirit Review notes that the
year will ever be memorable in the
vine and spirit trade of the United
states, having been throughout sue
'ession OF great trade events, for the
most part disappointing and disastrous.
During the year the prices Of fine whis-
Sies and domestic spirits touched the
lowest limits yet recorded, while the
comparative decrease in the importation
u wines OF all classes was unparalleled.
The agitation and defeat of a measure
If relief to the trade, the expectation of
WHISTLES in bend to foreign countries
rs substitute for the relief denied by
congress and the final collapse of the
largest dlstlliery establishment on this
continent, were some of the prominent
features of the year. But on the other
hand, the year 1884 seems to have wit
nessed the climax TO period of stagna-
llon IN whisky similar to that experi-
encod IN 1873. For above the unsatis-
factory features previously mentioned.
Inc TACT is prominent that the distrlbu-
ZION of Kentucky WHISTLES for consume
ion has been well maintained, if not
increased, while the policy of almost
Total suspension of distillery production
(enforced in 1852 has been continued,
Inese influences together combining to
reduce stocks nearer a healthy basis.
The following are the total stocks of
bourbon and rye WHISTLES remaining in
oond in the state of Kentucky on Janu-
airy !, 1855, according to seasons of pro-
auction, all WHISTLES distilled prior to
october, 1881, having been forced out of
bond for consumption or export.
DISTILLED. GAr1oxs
October, 1881, to March, 1882, inclu-
siVe. 10 1Gi 4as
April, 1882 to September, 1852, inclu
siye ,o., 80, .,s;a..:...:- 5,O5l ,ll2
slye. ;ss5 =. ;.,,., 1851 1853
siye ,;s;.;. 49,. 3,OO2, 40
sive Q0l 95o
April, 1881, to September, 1881, inclu. ''''''''
siye 100, :, -, ~. S,7l3,75l
sive................... .,',.-,,'-...D. 56777l
Total, orlginal gauge ...............9l 81 sG7
Less one-sixth leakage ........... 5,323,G3g
2o,Gis, POS
In addition to this bonded stock there
is an estimated supply off, PIC, 504 gallons
of bourbon and 100000 gallons rye
whisky, free or tax paid. Of Kentucky
brands at all points, and there has also
been exported in bond to date 100000
gallons, making the total supply of Ken
lucky WHISTLES 3s,32S7l2 gallons, with
which to supply the demand during the
next three and three-quarter years. The
review states the annual CONSUMPTION
Of these WHISTLES, according to the re.
bort OF the commissioner of internal
revenue, to have been for the year end
ng June so last. q 1851, 45l net gallons. or
alter allowing wide margin for the
product OF other states, making l0, 900 90,
net gallons safe basis as the annua
consumption OF Kentucky goods, thu
placing the requirements of the ensuin,
.hree and three-quarter years at 6O,0O6
wv gallons, against an existing suppl,
Of 3S.32S,7l2 gallons.
A new and encouraging feature affect
ing the trade is found in the modified
regu atoms just issued by the commits
sioner OF internal revenue, which tn
secretary OF the treasury, supported b.
the opinion of the acknowledgement, ha
approved. These new regulations Civ
the owner OF whisky seven month
from the date of withdrawal of his good
rom warehouse to obtain certificat
IF expectation. The relief granted b
this ruling, while eflecting a POSTPONE
ment OF the payment of the tas
vas, it is claimed, not d,
,ired solely for the purpose of prc
uring an extension of the bonded Dc
rod or 10 delay the government in tn
collection OF revenues due upon whisk
Intended for domestic consumption, bu
had for its object the facilitating of Ga
expectation OF goods by parties actin
In good faith, thus ameliorating thei
condition and saving them unnecessar
expense.
Now, while the whisky market wa
gradually righting itself by reason {
he long continued and very great cul
ailment of production aud the liberf
md steady consumptiye demand, tn
opinion just rendered by the attorney
General, extending the time for the co
ection of the tax for seven months, ha
impaired q further stimulus, and
Gems generally agreed that the revise
equations afford II decided relief 70 tn
Whole whisky interest while at the sam
lime working no detrimer
o the treasury, as yer
arge portion OF the whisky this
would have otherwise been exporte
viii now go into consumption here, th
government receiving the tax thereon
While, had expectation been forcoC
many contingencies might have oper;
ed to effect u reduction of the tax {
.bolition of the same before the rein
)ortation of the goods. The decisio
concerns the interests of the lluu,
'rade throughout The country, much
he whisky stored In Kentucky war
houses being owned by dealers outsiC
The state.
The Louisville Commercial, alludir
to a misconceplion Of certain newsp
pers In assuming that the relief ju
granted Is prejudicial to the interests