The consumption of cigarets in this country possesses a double financial significance: 1) to the industry itself; 2) to the Government, since internal taxes upon them constitute an important source of revenue.
Ten years ago, U.S. cigaret production amounted to about 17 billion annually. For the coming year, production was, last week, estimated to reach 73 billion by Commissioner of Internal Revenue Blair, who stated that, this year, the tobacco industry would yield more revenue to the Government than all sources of internal revenue prior to 1914, or about $345,000,000. Tobacco taxes amount to $3.12 per capita. The U.S. leads in the...
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