Rock Island daily Argus. (Rock Island, Ill.) 1886-1893, 1891-05-22
REVENUE MATTERS
Influence of the Mckinley Bill
on imports.
REDUCED RECEIPTS AT ALL PORTS.

The President Keeping Advised Of the
Financial Situation - Latest Treasury
Acknowledgement Mason Ex-
plains the Decrease in Receipts from
Liquors, Tobacco and OIeumargarine-
Death Of Judge Taft, aud sketch OF
His Career-Gen. Raum at the White
House-Omcial Notes
WASHINGTON CIT, May y The pres
iient l. taking active interest in the
financial condition Of the treasury, aui
has directed that be be furnished with an
estimate OF the probable revenue from all
sources for the next fiscal year. based on
the changes made by the last congress IN
the customs aud Internal revenue. The
r-sClt OF the changes are now becoming
apparent in the daily receipts OF tue
treasury department. The custom re-
csipts show a continued falling of: the
receipts from this source. by statement
issued at the treasury yesterday for the
first twenty days 10 NAY being less at the
port Of New York by 81. So, 934 than they
were Cor the corresponding period OF last
May. Tue same ratio OF decrease is re-
ported at other ports.
The surplus Stiu Crawling Up.
Internal revenue receipts also show a
decrease, but not so marked. The net
surplus in the treasury, despite the de-
crease In receipts, IS crawling up, the
Srsin from direct tax expenditures being
almost over, and at the close Of business
yesterday was more than SIS OoO. 90 The
treasury statement issued yesterday
show that the treasury held Nav 2Oth,
S262, 051, is3 in gold bullion and coin, be-
ing decrease since the first of the month
Of more than $l2, 90, 00J, and since the
firstof January OF more than So, 600 OOO.
Receipts from Internal Revenue. az
Mr.. Mason, commissioner OF internal
revenue, has prepared statement show
lug that for the month Of April, 1891. re-
CO pts from internal revenue decreased as
compared with April. 1890, g, 40 COS For
the ten months ended April 81 the in
crease in collections Of principal items
compared with the CORES ponding ten
months Of the preceding year was:
Spirits, g, As, 55s; tobacco, S434. S53: fer
mented liquors, - les. Os4; oleomargarine,
S239 80.
Hxp:aininz Decrease.
Commenting on the decreased receipts
during he past month Commissioner
Mason says: There Is a decrease in the
receipts for special taxes on rect. fiers.
Wholesale and retail liquor dealers, and
manufacturers OF stills for the month of
April ot g., 20, $50; on brewers and whole.
sale and retail dealers OF malt LIQUORS of
Sl.5. 42J; n manufacturers of and whole
sale and retail dealers IN oleomargar.ne of
slLssJ, making an aggregate loss from
these items Of 81, 81 ga This l. due 10
the fact that the last congress changed
the special tax year so a. to commence on
July instead OF May Collectors,
therefore, on May l collected only two
months taxess-:rom May l to July l.
instead Of twelve months taxes
VIII Do Better in June and July.
The total amount Of special taxes col
lected during the last fiscal year was s., g.
2S. 063 Congress. however, has repealed
all the special taxes relating TO cigars and
tobacco, thus taking of q, 5Ij.4s leaving
balance Of special taxes which would
have been payable the lst Of MAY. but for
this change in the law, of s.. ST. 6s2 So
that instead Of nearly So 900, OOJ b-iny due
on the 1T OF May there was. in fact. less
than $1,000 600 and As considerable part
Of the tax due on the 1st OF Nay was
paid in April there was a decrease in
special taxes for May Of 81, 3sI. cat This
Will be made up, however, in the months
Of June aud July, when taxes for the new
fiscal wear will be collected
4 Increase in Total Amount.
There is decrease in the amount col
lected from tobacco aad snuff as COM
pared with the amount collected during
the same months Of the last fiscal year.
This is dus to the change in the law re-
ducing the tax from eight to six cents
per pound. Notwithstanding all Of these
reductions there is still an increase in the
total amount collected of IS 800. 4s2 for
the ten months ended April 80 1891, as
compared with the same months of the
previous year"