Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-07-07
REDUCED REVEN UE S
Heavy Falling Of in the Internal Revenue
Receipts
rhe Normal Cor dlttOAs Will Probably
Not be Rest0red Before
January.

The revenues of the government have
fallen of almost s1a.OOhsOO in round figures
for the first fourteen days Of this month.
compared with the last half Of August.
The receipts frsm customs for the first
fourteen days Of this month amounted
to $9,227OOO Qn round numbers), against
Sc. 10000 for the last half of August while
the receipts from internal revenue were
but s2,972.OOO. compara with $40 6s4, 600 for
the latter half of August. The loss is due
to the enormous sums paid on the whisky
which was withdrawn for consumption Just
before the new tariff act. increasing the tax
from 30 cents to n.l0 per gallon, which
went into effect August %. The receipts
from internal revenue for the first four
teen days of the month dwindled to s2972-
900, about A,5O0,0OO below the normal and
were not counterba,anced by the increase
in the receipts from customs due to heavy
imTortat ations under the reduced rates i'm
mediatey following the enactment Of the
new law. The custom rec eipts increased
about S3,OOO,OO.
Where the Tax Comes From.
The receipts from internal revenue are
now confined almost entirely to the tax
paid beer cigars. cigarettes and to-
bacco, and average about $25UoD per day
whereas the normal revenue from internal
revenue Is about SJu,oo0 per day. For the
two months, July and August, while SO
much whisky was being withdrawn, the
receipts averaged over a million dollars
daily. The normal withdrawal of alcohol
spirits (both for the arts and pota Dle spir-
its} amounts to about S,Jtn,o@ gallons per
month, and the Treasury Department es-
Inmates that about four months supply III
addition TO that for current was with
drawn during July and August. 1t is not
expected that receipts from the tax on IL
cohOlic spirits Will reach normal again be-
fore January l. 1926. This will have the
effect. it is believed. of keeping the receipts
of the treasury down TO about two-thirds
of normal, or in other words 10 about $22,-
Un.WO per month unttl January l. the nor
NAL receipts averaging about thirty-two or
thirty-three million.
Increased ImportntfOns Not Consider
ed.
This estimate 1t should be stated, leaves
out of account any large increase in i'm
portations arising from the operations of
the new tariff law.
The expenditures have averaged about
s34.oo,OoO, but without the sugar bounty,
which is now a thing OF the past. they will
be reduced to- about Sl,n0,pUp. For the
next four months, therefore 1t is estimated
that the receipts will be about SSs.opo, ,Wn.
and the expenditures about Si24 ,dt'"n.
January |, however. the collection of the
II come tax for the last six months of the
current year Will take place, and this will
swell the receipts to about SlouWD,N', SO
that at the beginning OF the next current
year the treasury (when the receipts will
resume their normal Agures) would be on
the wrong side of the ledger about S24.uou-
pp on the first half sf the present fiscal
year. There is TO be deducted from this,
however SIOcO,pD. which the treasury
net loss to the treasury for the first half
of the fiscal year of about Slf,9S,oup.