The evening world., 1904-04-12
For Regular Liquor Stores or
Hotels This Year the Price
viii Be $40 as Against $50
Last Season.
ONLY ONE CONCERN HAS
CUT BELOW THE RATE.
Fidelity and Casualty COM
pany's Representative De-
clares the Rate for Excise
Bonds Ought to Be $50.

The period OF worry which retail
liquor dealers have every year in re-
newing their liquor tax certificates 10
now at, hand and there Is the usual crop
OF rumors Of all kinds relating thereto.
At midnight on April 80 all liquor tax
certificates will expire and no liquor
dealer a legally do business after
that hour unless he has renewe hds
Hzertincate.
As yet. no certificates have been is
gued for 1904-5 at the Excise office at
Nc. 1 Madison avenue, but applications
are already being received as we'll as
the bonds required with each applica-
hon. On April p the office will begin
70 receive money and will issue c~ertif-
safes at once. Already. however, there
% considerable activity in the offices
Of the various interests connected with
the Excise department which centres at
No. / Madison
The rate for bonds for regular
liquor stores and hotels this year Is
so. Last veal II was $50, n the cut
of one-third Is the resurt OF n great
deal of agitation las tyear. There was.
In fact, an effort made to organize a
bonding company among the hduer deal
ers themselves.
It was reported that the promoters
Of the enterprise succeeded in getting
guarantees to the amount OF $4,000. This
was not enough, however. to induce the
insurance experts. whose assistance
had been expected. to take charge OF
the enterprise, and the scheme fall
through.
Net Rate $50, with No Rebate.
There was a great deal of objection.
also last pear because. AZ was alleged.
<cbates were given by nearly all OF tho
companies. These rebates went to the
brewers or to the brewers agents. II
was said. and 1t was reported at the
time that some of the companies al
lowed rebates on commissions to thu
amount Of one-third Of the premium.
This made q set rate OF $50. and that
IL the rate which Is prevailing this yoal
without any rebate. It Is indeed re
ported that some of the companies ere
giving rebates this yea also. In SONS
Gases as much as Is per cent. OF ~
premium. Only one company. however
has openly cut below the rate of $50.
This is the Federal Union Surety
OOmDnLy W AiiuluiiapSAAs hin 100
has entered the field for the first time
this year. The other companies and
the brewers agents as we'll appear to
have made q dead set against this COM
pany, and they are using their iniu-
ence to prevent Liquor dealers from
giving their business TO it
George II. Davis. to New York rep
resentattve OF h company. said to-
day that he was aware OF the fact that
the attack was being made, but he de-
ciared the Federal Union has more
O on deposit with the State than
any other company doing an excise
bond business in New York. with one
eception. The departmental deposit in
question is in Indiana. Liquor dealers
like to have strong companies on theii
bonds because they wish to have theii
assistance In the courts when an at
tempt Is mad to revok their GER
t~ilcates.
Cleveland Company Cuts Prices.
To the Bankers Surety Company o
Cleveland is credited the cut In price
primarily. The company entered IN
field in New York only last year; TAX
ing very conservative risks; Durlnl
the paSt year, however. they have beei
IN negotiation with the leading men il
The Liquor Dealers Association, and a
result the $50 rate was agreed on.
They also obtained the formal en-
dorsement of NJ. ]. Kane. president, ant
Nj. ]. Kenny, of the Liquor Dealers
Association. as we'll as the endorse
ment OF the president and secretary o
the district association in nearly all o
the districts throughout the County o
New York. This formal endorsement
with q list OF signatures. has bee
widely circulated and 1t was admittei
to-day by representatives OF other com
panies that the Bankers Surety Com
pany would In all probability cut heaV
ly into the business of the older com
panies this year.
H. L. Marsh Is the New York repro
Ientitive. He said to-day hat the com
pany would stick to the so rate ~strictl.
although It has been approached b,
Representatives OF other companies witt
O suggestion that a compact be formet
TO raise the rate. Gov. Herrick. o
Ohio, Is me Of the directors OF tn
company.
Mr.. McPeck. Of the Fidelity and Cas-
ualty Company. said that his com
pany was taking only first-class risk
this year. He declared tha the rat
for excise bonds ought to be $50 an
THAI there was no money in a genera