Across the U.S., liquor distillers, wholesalers and retailers last week heaved a mighty sigh of relief. After a long, bitter industry fight, the whisky business finally had a new set of excise tax rules. Under the Forand bill, which was last week signed into law by President Eisenhower, distillers no longer must pay the excise tax of $10.50 per gal. on liquor held in Government bond upon withdrawal or automatically after eight years of storage. They now may hold it up to 20 years without paying the tax.
When the Korean war came, many U.S. distillers, recalling World War...
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