The New York herald., 1921-02-18
IN STORAGE.
MAY Be REMOVED
Treasury. Clearing Court De-
cision, Permits Inheriting
Of Rum Also.
MERCY FOR BREWERS
Revenue Bureau Denies
Charges of Billions Of Loss
OH Trade Mark Ruling.
Special Despatch to THE New YORK HERALD.
New York Herald Bureau.
Washington, ID. c., Feb. ~.

| Special Despatch TO THE New YORK HERALD
| New York Herald Bureau.
Washington. ID. c., Feb. II.
! Members Of clubs and New York
! dwellers in hotels and apartments who
had to have outside storage for their
liquid refreshments when the Eight
eenth Amendment was adopted will
be greatly cheered BY new regulations
of the Treasury Department holding
nor only that such outside storage IL
lawful possession but that beverages
| may be lawfully inherited and moved
! to a new habitat.
The new Treasury regulations inter-
pret the Supreme Court decision in
| the case OF Street VS.. Lincoln Safe De-
| post Company and Daniel l.. Porter
in which it was held that Mr.. Street
could regain actual possession of his
liquors stored with the safe deposit
company.
Coincident with these regulations the
Treasury sent letters Of warning TO
stockholders in breweries seized for the
manufacture and sale OF beverages with
more than one-half of one per cent. OF
alcohol offering them opportunity ito
clean house." discharge guilty officers
and employees and continue a legal
business
At the same time officials Of the In
ternal Revenue Bureau denied charges
by Senators Smoot (Utah) and Freling-
huysen IN. j. that billions Of dollars
iii tax money would be lost to. the Gov
ernment by tentative ruling on
methods OF determining value and loss
of Intangible assets In business. The
bureau made public recommended tions Of
the tax board advisers recommending
that the loss OF trade marks and good
wills be reckonod as high az 20 per cent.
In tho case OF breweries and liquor
houses because Of the Eighteenth
Amendment and peculiar conditions.
Treasury officials stated that the tax
loss TO the Government. according to
careful estimates. would not exceed
$4,000 600 or 100000 Tho recon-
mendations OF the board have not vet
been put into final form. but brewers
and dealers have filed notices of claims
Of abatement for the loss OF trade
marks. good will and other consider
ations.
The regulations as result OF the
Street case are IN part: intoxicating
liquor lawfully acquired by the owner
thereof prior TO January II, 1920. for
beverage purposes and on that date
located In the dwelling of such owner
or held by him out Of bond. fully tax
paid at the beverage rate In any place
OF storage. may be possessed by him
without a permit In his private dwelling
or In a place OF storage. The term
private dwelling" shall be construed
to include tho room or rooms used anu
occupied. not transiently. but solely as a
residence In an apartment house, hotel
or boarding house.
Cpon the death OF person owning
and lawfully In possession of intoxicat-
ing liquors for beverage purposes. bene-
ficiaries or persons acquiring title to
such liquors under the will Of or by
descent from the late owner may like
wise possess such liquors for beverage
purposes without permit.
Liquors held in bond may not be with
drawn for beverage purposes. nor may
liquors withdrawn. purchased or pro-
cured under any permit covering the dis
position or use OF such liquors for nom
beverage purposes be diverted to bayer-
age use.
Liquor lawfully possessed for beverage
purposes may be used only In the pri-
vate dwelling OF the owner while the
sannc IL occupied and used By him as his
dwelling only for the personal consump-
tion OF the owner thereof and hts fam
ily residing In such dwelling and OF
his bona ddc guests when enterta ned
by him therein.