The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-08-16
FILLED WITH GOODS
NEW YORK BONDED WAREHOUSES;
CROWDED WITH MERCHANDISE.
Over Forty Millions Worth Ready to
BE Withdrawn Under the De-
crease of Customs Duties.

NEW YORK, Aug 15.-The 125 bonded
warehouses of the government in this city
are crowded from cellar to garnet with i'm
ported goods on which tariff duties have
not been paid. Deputy Collector Duryea, of
the warehouse division of the customs de-
partment, estimated that 100000 packages
are stored under bond awaiting the gen.
eral decrease in duties The import value
placed upon goods in bonded warehouses
on July 81 was $37,76S,1S5, which was an in
crease of s1O,OO0.O00 over the previous
months report. The first two weeks of Au-
gust have shown steady gain, so that there
is estimated to be over $4O.OOOOOO worth of
goods on hand. Deputy King, chief of the
withdrawal division, estimates that the gov
ernment will receive about s3O.OOO.OOO in GUS
toms duties by the withdrawal of the goods
now in bond in this city.
Among the innumerable articles held in
bond are 13.1SO.SOS square yards of wool
dress goods. with import valuation of
$2,454,S6O. One month previous the amount
was about half. showing that very large i'm
ports were made during July. OF tin there
are 1S.16O.657 pounds in bond which the new
bill admits free. The imports of this metal
doubled during July. The report of June 80
showed cloves 10 the value of $276,907 in
bond, while on July 81 the amount had in
creased to s426, ,s34 The bonded warehouses
contain 6,55S,946 pounds of cheaper grades
of tobacco. 1t has been a poor year for
champagne. but there is on hand $3.50
dozen quarts of champagne. valued at ST.
026,949, to which must be added a duty of
IS per dozen, even under the new BILL
There is article that will not remain
quietly waiting with the other goods and
that is whisky. To-day there commenced
the greatest activity ever known in the
trade. and money to pay the tax IS being
begged, borrowed and scraped together in
every possible way. Millions of dollars are
required to release the spirits now in bond,
and money will fairly run into the treasury
from the distillers and dealers. The new
law raises the tax from 80 cents to $1.10 per
gallon, and every whisky dealer in the
country is praying that the President will
put off signing the bill until the last mo-
ment. The rise is not objected to, but all
want time TO get out of bond the millions
of gallons now in storehouses.
DlstI4lers have been allowed TO keep
whisky in bond only three years, when the
revenue tax must be paid. but way was
found TO gain time The spirits were
shipped abroad, kept there awhile and
then reimported, thus gaining another
bonded period of three years. BY this
means New York warehouses hold large
quantities of whisky, while in Bremen,
hamburg and Bermuda there are hun
dreds of thousands of gallons awaiting re-
turn to this country. The distillery ware
houses OF Kentucky and Illinois hold the
majority of the product. There has been,
practically, no trade for a year, and the
accumulation is enormous. The Senate bill
increases the bonded period TO eight years.
The New York warehouses; on June 80.
held 1888 proof gallons Of whisky. BY
July 81, the amount increased TO 7cO,l50
proof gallons large shipments being
of the tariff change. Owing to the uncer-
tainty of affairs the payment of the tax
was left until the last moment. not only in
New York, but all over the country. The
first firm to get in line was Paris, Allen &
Co., who paid $4,000 into the custom house.
This one firm alone expects TO pay $4,000
OF the country Nearly 100000 whisky tax
will be paid in the New York custom house.
The Distillers' and Cattle-feeders' Com
pany, better known as the Whisky Trust,
will pay an enormous amount, Ii being es-
timated at over s5,OOO.OOO. report was
current in Wall street to-day that a loan
of that sum was being negotiated.
Dispatches were received to-day by Paris.
Allen * Co. from Kentucky. saying that
great rush was being made to get goods
out Of bond. "One trouble" said a men,
Der OF the firm. will be gauging. which
must, of course. be done before the tax
can be paid. We anticipated this and had
our goods gauged beforehand. as did many
others. but there will be hundreds who
cannot possibly get the work through in
time"
Sugar is another interesting article which
will be affected by the new bill. The Me-
Kinley law admitted raw sugar above l6
Dutch standard free. but a duty of 20 per
cent, with Il per cent. differential added, is
imposed by the Senate bill in lieu OF the old
bounty. The free admission did not tend
TO cause any accumulation of sugar In bond
until recently the stores and private ware
houses became so full OF the great trust 5
material that the incoming shipments were
sent TO the bonded warehouses under what
Is Known as the general law, which covers
everything brought into this country until
an h.a .frN.1
BY this means there has been piled up i'm
the governments care 7.42l,037 pounds of
raw sugar. This will have TO be hustled
out to escape the duty.
Mr.. wilson's statement In Congress that
thes trust had bought $112,OO0OOO worth of
raw sugar, and would make so. 600. 900 profit
out OF IL. was the first blow that has
succeeded In breaking the armor of secrecy
with which the corporation has surrounded
all its movements
Treasurer Searles sent a letter to Mr..