Internal-revenue Receipts.
The reeeipts of internal reverme for tho iiecal year ending the SOth of Jiiue, rench $119,000,000. Last yoar they were $117,000,000. The inerease of $2,000,000 is largely owing to tlio breaking up of illieit ilistilling and to the more vigorotie collectiou of tito whisky tax. ïlu! estímate of reeeipts for the present ycar wus $120,000,000. This sum, tho Comuiissicmer thinks, wotild liave been cxceedwl b.y about $2,000,000 if it had not been for the imcertainty oecusioned b,v tlie proposition of Cougrc s.s to reduce the tax on spirits. Themanufacturers ourtailed fcheir produetion and withdrew trom bond only such qiantities as wcre acfcualiy requiral by the demand. This policv, pursued lor two or three months, resulted in serious loss to
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Old News
Michigan Argus