The morning news., 1894-08-15
BONDED LIQUOR.
a General Rush to Withdraw whisky
Before the New Rate Takes Effect.

a General Rush to Withdraw whisky
Before the New Rate Takes Effect.
Washington, Aug. a. - Reports re-
ceived at the treasury department. this
morning from whisky producing centers
state that there is great rush to take
whisky out of bond at the old rate Of 30
cents gallon before the tax of 81. 10 per
gallon becomes operatives AT most of the
large distilleries the whisky in bond has
already been gagged ready upon pay
ment of the tax, 10 be withdrawn. Con
sentative estimates place the amount of
WHISKY IN bond at gu, 900. 900 gallons
lhe average monthly consumption of
WHISKY Is between eight and nine million
gallons. Since the increased tax on
whisky was first put into the tariff bin,
receipts from Internal revenue have
largely increased. So far in this current
hsoal year-One month and a half-re-
celpts nave aggregated 1913, 7g5 600 against
S2O,s12, 900 for the corresponding period
last year. For this month they are 81 ,500,-
600 ahead OF the same period last year. 1t
is estimated that the total internal rev.
enGe receipts for this month will foot up
Ss3,UOO,OOO, because of the rush to with
draw whisky.
Until the new tariff bill becomes a law,
an opposite effect on the customs rev G.
nue. to that on the internal revenue will
be felt. Not since the tariff bill of 1883
passed have customs warehouses at the
great ports of entry, New York, Boston,
Philadelphia and Baltimore, been so
crowded with foreign goods awaiting the
ad ustment of tariff rates.
AS the new tariff bill makes n reduction
all along the line, none of the goods now in
custom bonded warehouses will be with
drawn until the President signs the new
bill or permits it TO take effect by the ten
days limitation. AS only goods absolutely
needed have been withdraw since the
tariff bill has been pending, its signature
by the President will be the signal for a
great rush TO withdraw goods and take
advantage OF the reduced tariff duties.
GENERAL RUSH.
Reports received at the treasury de-
department this morning from whisky
producing centers state that there is
great rush to take whisky out of bond at
the old rate of 80 cents gallon before
the new tax Of S1l0 per gallon becomes
operative. At most of the large distil-
leries whisky in bond has already been
gauged, ready upon payment of the tax
to be withdrawn, A. conservative esti-
mate places the amount of whisky in bond
at 60,OOO,00O gallons.
ACTIVE IN KENTUCKY.
Louisville, Ky, Aug l4.--The passing
Of the tariff bill has caused wonderful
activity in the whisky trade. For months
the disullers and dealers have been on
nettles. IL was after banking hours
when the news was received, yet in the
remaining hour in which tho office of the
collector Of internal revenue was open,
nearly 10000 gallons OF whisky were
taken out Of bond here and the cash re-
ceipts between and o'clock were $780,
900.
LIVELY IN OHIO.
Cincinnati. Aug. 14-The decisive
action Of congress on the tariff started
active operations in taking whisky out Of
bond here last night. The receipts In
this district average $4,000 a day at the
internal revenue Office, and yesterday
they exceeded $4,000. In Covington, Ky,
the increase was much greater