The times. [volume] (Richmond, Va.) 1890-1903, 1890-11-26
THE FEDERAL CAPITAL.
REPORT or INTERNAL REVENUE
COMMISSIONER.
in Virginia and North caro-
Iina-stamps Used-Assessments and EN-
peuses-Wfndom's Two Per Cent. Bond
scheme-Other Capital News.

WASHINGTON, Nov. % special. Inc
annual report OF the Internal Revenue Com
missioner, just out, shows that the aggre-
gate collections for the last fiscal year in
the Second Virginia district were Sl,923,-
1925: for the Sixth district. 81 ,j93, ,0s2.55.
Total, S3,Jl6, l95.49.
In North Carolina the collections were;
Fourth district, Sl,l69,65O2S; Fifth district,
81. .5s9. .s53.73. Total, $2,759,5O4Ol.
In connection with the Virginia report
there is "A statement that the two counties
OF Accomac and Northampton were c0nsoi-
idated with the Maryland district The
estimated collections from these t~o coun-
ties is $1,000, thus increasing Nirginlas
total by that amount, aud making IT 3d.
5ls, 1880.
For Virginia, returns were received from
oiG ci,,ar manufacturers who used 2,S0S, ~
pounds OF tobacco. and manufactured
65.G79,1lS cigars and 500, 10000 cigarettes.
Tobacco factories III, who used 0l,2 l,yi6
pounds Of Leaf tobacco, 80, 100 pounds OF
scraps, l0lH pounds Of stems, 3,lol,4%
pounds of licOrice, 2,61s,9Ol pounds OF sugar,
, 523 900 pounds of other materials. ana
manufactured and delivered AZ, i69,6O3
pounds of plug tobacco, 800 pounds OF nne-
cut chewing, 1885, 1876 pounds OF smoking
tobacco. lS9 654 pounds OF snuh ana Otner
kinds. The value of stamps used was
$500, l14.Oo.
NORTH CAROLINA.
This State has twenty-nine cigar iac-
tories. which used 2,420,262 pounds OF To-
baccO. made Z. .260, ,92j cigars and 6l9,O521OO
cigarettes. Two hundred and thirty
four tobacco factories used H.l3ieoO
pounds of leaf tobacco, 3l,'o2 pounds
Of scraps, ll5,0j9 POUNDS OF stems,
l,354l39 pounds OF licorce, 0oo,olo
rounds of sugar, 3S392s pounds oi other
materials; manufactured lI,@J2,oOO pounds
Of plug tobacco, 1882 pounds Of hne-cut
chewing, 5.lgs. .9j5 pounds OF smoking, o5,-
S2s pounds OF snuff, etc.
stamps used yaued at Sl,62l, ,fsil0.
STAMPS AND ASSESSMENTS.
The report Of the Fifth Auditor Of Che
Treasury under the head Ofinternal revenue
stamps and assessments charged and cash
deposited for the last fiscal year shows the
following:
Virg,1ia. - second district: Assess
ments. $794 26; stamps, 2,46l, ,O0J.4o assess
ments and stamps. 81, 4Gl, ssh: cash dt-
posted, 81 .922, ,j47.33. sixth district: As
sessments, S2l, ,220.73; stamps, $2,2626i'.si;
assessments and stamps, y, o,eOo.'Vi cash
deposited, Sl,jJ4,Oi9.3,.
For Virginia entire tue assessments were
S2j.Ol4.997; stamps, $4,I8.1il.l3; assess
ments and stamps, 81, l4o, iJO.44; cash de-
posted, $3.jl6. 6.j96.I0.
The expenses for the fiscal year were as
follows Second district, Si4,593.3l; sixth
district, S9s, 1ls.l6. Total, SIP, ,lll.53. These
expenses include salaries, rent, iuel, etc.
North CdrOtiHd.-FOurth district: As
sessments. $2L6SS.90; stamps, Sl4Oi,S2O;
assessments and stamps, 81, ,432, ,jOs9O; cash
deposited, SI.173.2iS.93. Fifth district: As
sessments. Sljj, ,26I.jI; stamps, ST. iO9924.0';
assessments and stamps, 1850. lo623; cash
deposited. Sl,jSj. .N9j.,2. Total for state:
Assessments, $i799jO.E; stamps, SELL
144.GS; assessments and stamps, Sj2J,,-
6gJ. 10; cash deposited, $2.lj9, l4i.Go.
Expenses for North Carolina, S2il ,6sS 40,
Of which Ss3,339. SO were for the fourth dis
trict, and SlsS 1852 for the fifth district.
CAPITAL NOTES.
The postofiice at Trammel Creek, Dicken-
son county, Va, has been discontinued.
The mail will 20 to StrattOn. The star ser
vice from EmpOria to White Plains will be
curtailed to end at Powellton, emitting
Jacksonville anu White Plains, from the 3Oth
instant ,..,
Virginia pensions granted to-day: VIII
liam If. Read, Norfolk; John {. Buchter
and william Gray, soldiers Home; James
II. Johnson, Richmond.
SECRETARY WINDOWS SCHEME.
1t is understood that at the Cabinet meet
ing the greater part OF the session was de-
voted 10 the consideration and discussion OF
Secretary Windom's proposition to relieve
the financial situation and furnish an
elastic currency by issuing per cent.
bonds convertible into legal tender notes
At their face value and accrued in
terest. TO be issued IN lieu Of the
outstanding per cents, which are 20 be
purchased at their market value. IL il pro-
posed that the new , per cent. bonds shall
not be available as security for national
bank circulation, but shall be employed for
the sole purpose Of giving elasticity to the
currency; that is, 1t is taken for granted
that when there may be glut
of money legal tender notes will
he taken 10 the Treasury and
converted into the two per cent. bonds.
When money is scare the bonds Will be pre-
| septed for redemption in legal-tender notes.
and so on indefinitely during the term OF
wears for which the bonds are ISSUED. lnti-
nation of this scheme has been given out in
advance Of the presentation OF Secretary
Windom's report 10 Congress, for the same
reason that his plan for the issue Of Treasury
notes upon the deposit Of silver bullion was
made public year ago some. time before IL
was submitted to Congress, and that is To
obtain the opinion OF tinanciers as 10 its
practicability.. Mr.. WINDOWS silver scheme
| failed to receive the endorsement Of Con
gress, but if the entire stock Of silver bul-
| fion in New York could have been convert
ed at once into legal-tender money at it,
market price during the recent stringency
| i'm the money market, IN accordance with
Mr.. W.ldOm's original plan, perhaps
| things might have turned out differently
although the effect OF this might also have
been discounted in advance. The intercOn-
yertible bond, bearing low rate of interest
was a part of the original platform OF the
| Greenback party, and II Is Significant fact
| that il should now be endorsed by an original
hard-mOney man like secretary WINDOW
| While an issue of such bonds on lien OF The
] outstanding per cents might impart elias
ticity 10 the currency, II used tor that
purpose. It would also afford facilities moi
now enjoyed by the bears for locking uI
money at positive profit.
INTERNAL REVENUE REPORT.
Commissioner John W. Mason, Of the In
ternal Revenue Bureau, In his report Of the
operations OF his office for the past year
says that the receipts from Internal revenue
amounted 10 Sli2,j9l, ,6J6. He estimates the
| receipts Tor the current hscal year AT slfJ'
| 600. 900. In this estimate reduction Ol
| s.. .OOO, 900 in tobacco receipts and Sl,5OO,O0t
| in special tax receipts is allowed.
The principal sources Of receipts on ac-
count OF revenue We're: Spirits, Sol,6ol 900
which was an increase OF SI,OO,OOO; 10
baccO, $33, 800, 600, an increase OF $1,000 COO
iermented liquors, S26, 100000, an increase
Of $2,2j0,0OO. The tax on oleOmargerint
manufactures decreased $4,000. The t0ta
increase from internal revenue over the
fiscal year lSo9l90 was Sll, 100000. so far
during the current fiscal year the receipts
| from all sources show an increase in in
ternal revenue over the nrst three months
Of last year Of s3,0OO,0OO.
The cost of the internal revenue service Il
stated at S4.095, 900, or 2.S2 per cent. Of th'
amount collected. The estimated expense
Of the service for next year is Si,262,OOJ.
THE SUGAR BOUNTY SECTION.
/ In his estimate Of expenses for next yea
/ lH~.nn.fccfanar Mason refQFG the bounfi