The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1913-12-17
OSBORNE OPTIMISTIC
IN ANNU AL REPORT

tions. s4o.ooo,ooo; individuals, sos, 0oo,-
900; total OF sl05.ooo,ooo
The objects OF internal taxation
producing the largest amounts OF In
ternal revenue during the past fiscal
year are distilled spirits. exclusive of
special taxes, Si5I.5t2.o6i.75; rcrrnented
liquors. exclusive Of special taxes. 500
24J.54i manufactured tobacco. s76,7Ss, :
424.75
Tho States in which the larges, col
lections Of internal revenue taxes were
made during the fiscal year 1913 are:
Illinois. s5s,3o2. sol3s; New York. s47.-
25o,4ie.si; Kentucky. sS5.2oo,oos.4 In
diana, ~ '2a,jcjs g.: Pennsylvania, SIS,
. 959.53o.Gs. Ohio, S25.lG9,s57.10.
The fiscal year 1919 witnessed .
record production and a record with
drawal OF distilled spirits :; substan-
tai increase In the production of fer
mcntcd liquors, an increase in the
amount Of tobacco and snuff manu-
iacturod, also in the number OF large
cigars. and "a phenomenal incr .ase In
small cigarettes, Il considerable in
crease ia the production OF cleo
margarine. and q very large increase in
corporation tax assessments and col
!cctions.
I'm The fiscal year 1912. the total
production oil distilled spirits was 1S7.
i,aoh gallons. IN 1919, ia3. G0G,25S gal
| Ions, AN Increase OF 6,o3i.45O gallons
In 'he fiscal Year 1912. l35.s26.7Ss gal
ions OF 'aN-paid spirits were with
drawn IN 1913, li3,220.0j6 gallons, an
increase Of 7293267 gallons
The three States having tho largest
pT"uuction OF distilled spirits during
inc past fiscal year are: Illinois. a.
yoi,@%' gallons; Kentucky. 4S4Oi,s4o;
indiana @s.15s.3lG gallons
The five states which produced tho
iarSest quantity Of fcrmentcd liquors
arc: New York. l3.95G,s5s barrels.
pennsylvania. 7359.5O9 barrels: Mi
nois, 665t.S23 barrels Wisconsin,. 3.
'i'I'' barrels; ohio, 5,l50.lS7 barrels"
Virginia Is second.
Taking up further the "ph.nonnp,l
increase IN small cigarettes" the re-
port states that New York leads in tho
production of collin nails" weighing
less than three pounds thousand with
..SV5.72s,C1G for tho calendar year 1910
Virginia - second with 2.5SG.596.1SO
me total leapcd in twelve months from
iO'isa,321,lol to 13,l57,093.5l5, while M
inc same time the production of cigars
fell OF considerably.
small cigarettes" included almost
al made Pennsylvania leads New
orr IN the manufacture OF cigars
weighing more than three pounds per
Thousand while Maryland is ahead
In the making Of smaller weeds,
N"r'h Carolina leads IN smoking to-
bacco.
There were in operation during tho
calendar year 1912, 2o,555 cigar fac
tories and 46? cigarette factories. this
being a decrease or TO cigar factories
ana cigarette factories. There were
'lSo registered ..527 establishments
producing manufactured tobacco. ~
producing snuff. i.40T dealers in lear
tobacco ana SS3 retail dealers In lear
tohacco in the United States
The total number OF CORPORATIONS
ming returns for the calendar year
1917 Is Soa.SSG, an increase OF 1G,0sl
over the calendar year 1911. the per
centagc of Increase being $50
The growth in the number OF cor
porations in the United States is i'm
Dictated by the number OF returns Inads
by those engaged In business for pro
ft which for the year 1909 was 262, 400;
for 1910, 27o,20:: for 1911, 2SS.352. and
for 1912. 05.336
The 3o5,336 corporations rendering
returns for the calendar year 1912 re-
port capital stock OF $61.73S. oo7.73O.5
They report bonded and other indcbt-
edness of S34,Ii9.5lG, 35363. and an ag-
GrcSate net income of S3.S32.150,41O92
The Increase in capital stock in 1912
over 1911 Is Sl,G7l.0SS, S051o. while the
amount OF bonded and other indebted
ness shows an increase Of S2.5S5.97S.-
3o".23. Tie net income reported shows
AN increase Of S6lS.4i3,1631O.
The total number Of returns filed
for 1912 was 305.336. while the num-
Der OF corporations having "a not in
come in excess OF $4,000 was 6I1l6. or
2O.0l per cent.
The report ends with the statement
that there were no taxes collected OH
opium. importation of which is pro-
hibited. but opium put up for medicinal
purposes can be easily secured, and the
process Of its manufacture into smok-
ing opium is simple, and can be
carried on so easily that considerable
Illicit manufacturing continues"