Year: 1872

| the business public. It will be largely confined
! to comment On the new system Of Internal
Revenue laws, which went into effect in July
last and comparative tables Of the receipts under
the same. The receipts of the first quarter
of the present year amount to nearly
$40,00o,00o, being largely in excess Of the
SUM anticipated. Both the Finance Committee
and Committee Of Ways and Means, at the last
session Of Congress, were agreed with the Secre-
tary of the Treasury that S105,o00,000, realized
from these sources, could meet all the wants OF
the Government. It is expected, however, that
the second quarter will show considerable fall
ing off from the first, as considerable sums were
realized from the fag ends Of the
old law, which have now become
wholly imperative. FROM $115, 900 to
S125,000,000 is the estimate Of receipts for the
present fiscal year. There has been heavy in
crease in the receipts from fe1mented liquors
and tobacco. The distilleries have increased be-
yond all precedent. This result Is explained by
the abundance Of the fruit crop this season.
The larger portion Of this increase is in the
Southern States. With regard to the brewing
interest, the Department experiences several
difficulties. The brewers we're not at all friendly
to the scheme Of regauging barrels,
especially those on the Pacific Coast. This
scheme involved the total abolition OF the one
third barrels, and where their use was continued
they counted them all Of the capacity Of one-half
barrel. Having taken such decisive steps in
this matter, however, the Department Will leave
this interest to obtain such relief IS is possible
from Congress- The Department estimates that
the tax On beer is collected within one-tenth Of
one per cent what is called for. However,
some influence is at work to force On brewers the
use Of patent attachment for cancelling the
stamp, which, it is claimed, will cost more than
the stamp. It is estimated that the cost Of in
Producing this scheme will cost something like
98,poo00. The Revenue Department is not in
favor Of this improvement, and if necessary will
make proper objections to Congress to
that effect: This may be counted on as
one Of the lobby schemes next winter. The
uniform tax imposed On tobacco is found to
work banefcial1y. It was claimed that under
the old system the difficulty Of classification Was
such that, in numberleas cases, the revenue Was
not only dafrauded, but that it was found I'M
possible to collect the legitimate taxes without
great expense. The new tax has been found to
work so we'll that no recommendations will be
made upon this subject at all.


THE CoLuRED CADET.


ALI the Government Departments have put
themselves to the trouble Of denying the truth
Of the alleged maltreatment Of Conyers, the ne
gro Cadet at Annapolis. While the contradic-
tions have been flashing over this country, the
Cadets put in last night and gave Conyers
another thrashing.


FoRHEY's PRESS.


The rumor with regard to the sale Of Forney'a
Press means simply this: One-haH interest in
the Weekly Press has been sold to party in
Philadelphia, the other half remaining with Col
onel Forney. Cameron has not bought tho pa
per, nor is itin an inpecunious condition On
account Of its opposition to Cameron; at least
30 say those who ought to know.