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Revenue declines noted in Capers report on liquor taxes
In Washington on December 13 Commissioner John G Capers reports a marked drop in internal revenue receipts for the last fiscal year by 17 998 072 dollars and a further decline of 7 262 208 dollars for the first three months of the current year. Full year revenue is estimated at 250 000 000 dollars, down 1 655 000 from last year. Distilled spirits production fell by 126 999 740 tax gallons, down over 41 000 000 from the prior year, attributed to prohibition movement high grain prices and distillers curtailing output. An offer from Wim Silver & Co promises free engraving on purchases with a monogram or initials.
MENTIONED IN THIS ARTICLE
Washington
John G. Capers
Internal Revenue Bureau
Prohibition Movement