a year of continued great depression in the industry of the country—rose to the large figure of $2,143,617. That this latter ratio of annual increase under the present rate of tax is likely to indefinitely continue is almost demonstrated by the fact that the popularity of fermented or "malt" liquors as beverages among the American people is unquestionably increasing; and also that large, seemingly, as is their present average per capita consumption namely, sixteen gallons the present per capita consumption of the people of several other nationalities is much greater that of the United Kingdom being estimated at thirty gallons; of England and Wales, thirty-six; of Belgium, thirty-two; of the whole of the German Empire, thirty-three; of Bavaria, sixty-two.
An important fact pertinent to the prospective consumption of beer and its permanent value as a source of national revenue is, that the cost of the materials used in its manufacture has decreased in comparatively recent years, in the United States, Great Britain, and probably in other countries characterized by its large consumption, to the extent of at least forty per cent;[1] and the advantage from this change which has accrued to British brewers was stated by the British Chancellor of the Exchequer, in May, 1895, to have been upward of ₤2,000,000 ($10,000,000) per annum.
From this decline in prices, and consequent reduction in the cost of production, the consumer has not been permitted to gain any advantage, the retail price of beer remaining substantially what it was.
All the resulting gains have been intercepted by those connected with the trade, and how well they have fared, some statistics recently given by the British Chancellor of the Exchequer, and which are probably equally applicable to the United States, sufficiently show. "In 1884-’85," he said, "the number of assessments to income tax from brewers was 2,446, and the whole of their profits assessed amounted to ₤6,316,000. Ten years later the number of brewers assessed for income tax was 2,274—show-
- ↑ In the United States the decrease in his branch of prices has been much greater, as shown by the following table of comparative prices in 1877 and 1897:
1877. 1897. Decrease,
per cent.Cents. Cents. Sugar (brown) lb. 9·5 2·81 70·4 Rice, Carolina lb. 6·5 4·0 38·5 Hops (import price) lb. 51·5 22·0 57·2 Barley (import price) bush. 76·2 37·8 50·4 Oats bush. 44·0 21·0 52·2 Maize bush. 60·0 28·5 52·5 Molasses (prime) gal. 54·0 24·0 55·5
