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Falling-off Of Revenue Receipts

Falling-off Of Revenue Receipts image
Parent Issue
Day
16
Month
November
Year
1877
Copyright
Public Domain
OCR Text

The rise and iall of revenue receipts - tbc rate of taxation remaining the samo - are believed by economista to give valuable iudicatious of the industrial condition of a country. If this be true, the times are getting no better in the Unitod States, despite the brief spurt of activity this f all. The following official figures obtnined from the Treasury Department show a heavy falling-olï of revenue from allsources: RECEIPTS FOR FIBST FOUR MONTH8 OF TÏIE FISCAL YF.AR 1877. Custom $43,823,H32 81 Juternal revenue 38,561, S28.4fï MiscelJancoiiR y,771;'J 17.51 lotái $97.156,178.81 RKCKU'TS FOR FIRHT FOL'R MONTns OF THE FISCAL Y All 1878. Customa 18,537,233.73 Interuftl revenue 37,920 2fi8 22 Mificcllancotifi (,831,192.12 ToUl 193,238,694.07 Here we see a decrense nnder every item. In the last four montha the customs receipts have been $286,399.11 less, the internal-revenue receipts $641,060.21 less, and the miscellaneous receipts 8!,940,025.39 less thnn in the corresponding four months of last year. In a country where the amount of revenueclirating is great but tincertnin, as exact inferences cannot be drawn from this decrease of revecue as would be possible in France or England, but coupled with othar potent facts it shows that tho ibility of the people to consume the various commotiities of comuierce is still decreasing. - Chicago Tribune,

Article

Subjects
Old News
Michigan Argus