Democratic Sentinel, Volume 7, Number 32, Rensselaer, Jasper County, 7 September 1883 — INTERNAL REVENUE. [ARTICLE]

INTERNAL REVENUE.

Receipts Falling Off at the Bate of $36,000,000 a Tear. [Washington Telegram.] For the first two months of the fiscal year the revenues show a decrease, as compared with the same two months of last year, of 1130,123.291 The customs receipts showed an increase for July, but a large decrease for August The decrease for two months was >3,788.280. Internal revenue shows a reduction for two months of >6.248,808, and miscellan ous sources a decrease of >2,975,136. On the other hand, the expenses of the Government for the two months show an Increase of >4,795,566. The increased payments for pensions for two months are >7,870,647, and the dec. eased payments for interest are >2,0 £3,534. While the internal revenue appears to be falling off at the rate of >36,000,000 a year, it is said at the office the decrease will not exceed >3o,< 00,000, and may not exceed >25,000.000. The natural increase must be allowed for, and beside this there were very heavy purchases of tobacco stamps in May and June, which operate to reduce the receipts tor the first two or three months of this year. Manufacturers will soon be obliged to increase their purchases of stamps. There is another important element that has not been taken fully into account in estimating the revenue. The tax on 33,000, COO gallons of bonded spirits must be paid in the remainder of this fiscal year unle s the spirits are exported.. The Attorney General's opinion is not regarded as conclusive by the whisky men or internal-revenue officers, because it was ba ed on a suppositious case such as would not be likely to occur. It deters some from exporting, and, though others go on sending spirits abroad, the exportation is not heavy. Unless the bonded period is extended, it is probable that those spirits will materially Increase the Internal Revenue receipts The current manufacture of spirits is expected to yield about >50,000,000. The appropriations for the current year are >53,000, COu less than for the past year, but this does not show what expenditures will be. The appropriation for pensions for the current year is >80,000,000 less than for the past year, but it is evident that the expenditure in this direction will necessitate a deficiency bilL The following is the condition of the treasury: Gold com and bul i0n>204,150,028 Silver dollars and bullion 119,029,957 Frac ionai silver coin 27,818,180 United States notes. 53,917,724 Total>4o4 815,889 Certificates outstanding: Gold> 54,302,480 Silver 75,443,771 Cnrrency 12,005,000 Tne executive order consolidating the in-ternal-revenue colectlon districts, so far as it affects the following-named districts, was put in operation to-day; The Eighth Illinois and the D.siriet of Oregon. The Fifth district, New Mexico, will be transferred to the new Collector on the sth Inst. No date is yet fixed for the consolidating of the districts of California The executive order has been suspended so. far it relates to the districts in Wisconsin, and there will be no change in that State until after the President’s return.