The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1894-09-17
DECREASED REVENUES

4 Failing Oh OF SIS 200. 900 for the I1rst
Two Weeks of the MoRth-ThS Cause
of It
WASHINGTON, D. O., Sept lG-Thc
revenues OF the government hRvO fallen
Of almost SIS. 900 900 iu round tlsuros for
the first fourteen days Of this month,
compared with the last half OF August.
The receipts from customs for the Arst
fourtoOn days OF this month amountod
to 81. 90. 900 In round numbers, against
g, $780, 900 for the laNl half OF August,
while tue receipts from internal revenuO
wero but $2,072, 900, compared with
so, ,O34, 900 for the latter hall Of August.
Tho loss is due to tho enormous sums
paid on the whisky which was with
drawn for consumption just before tho
new Raril act, increasing tho tax from
10 cents TO 81 10 per gallon, went into
effect August %.
The receipts from internal revenue
for the first IA days OF the month
dwIndled TO S2.972 ,OOO, about $500. 900
below the normal, and were not coun-
terbalanced BY tho increase In the ro-
ceipts from customs due TO heavy im-
portations under tho reduced rates i'm
nediately following the enactment Of
the new law. Tho cuStoms receipts ln-
creased about S3.O00,0OO. The receipts
from internal revenue arc now confined
almost entirely TO tho tax paid on beer,
cigars, cigarettes ane tobacco, and aver
ago abokt S250,000 por day, whereas the
normal rovenue from internal revenue
Ia about 500, 900 per day.
For the two months, July and An
gust, while 80 much whisky was being
withdrawn, tho receipts average over
100000 daily. The normal with.
drawal OF alcoholic spirits (both for tho
arts and potable spiritsl amounts 10
about $500, 900 gallons per month, aud
tho treasury department estimates that
about four months supply in addition
10 that for current use was Withdrawn
during July and August.
1t is not expected the receipts from
the tax on alcoholic spirits will reach
normal again before January l, 1895.
This will havo the effect II Is believed.
OF keeping the receipts Of tho treasury
down to about two.thirds Of normal, or.
In otbor words. to about so, ,O0O, OOO pOr
month until January l. tho normal rc-
ccipts averaging about S32,000.OO0 or
$S3,000,0O0. This estimate. 1t should be
stated, leaves out Of account any large
increase in importatlons arising from
the operations OF tho now tariff law.
Tho expenditures havO averaged
about S34. 900. 600, but without the sugar
bounty, which is now thing Of tho
past, thoy will be reduced to about
S3l, 100000. For tho next four months
II is estimated that tho receipts will be
about SIS, 100. COO and tho expenditures
about Sl24,00O,OO0. January !, how.
ever, tho collection Of the income tax
for the last six months Of the current
year will take place, and this will swell
tho receiptat to about $l00, 900, 900, sothat
at the beginning Of the noxt current
year tho troasury (wheu the receipts
will resume their normal 1gure) would
bc on tho wrong side Of tho ledger
about S24, 100000 on tho first half OF tho
current fiscal yoar.
There 10 10 be deducted from this.
however, 100000, which tho treasury
gained during July and August, leaving
not loss to the treasury for tho frat
half Of the fiscal year Of about sl7, ,0O0-
600.