July 12, 1940 MEMORANDUM: price The statement reflecting the Savage-Remington-Browning comparison on Standard Grade Automatic Shotguns for the years 1932 to Manager the Browning by Mr. prepared was inclusive 1938 of Company. Arms Mr. J. E. General Russell, Russell used as a basis for the Savage and Remington prices the printed catalogs of those which were handed to Mr. M, E&. Hoyt of the Miscellaneous companies, We are Bureau of Internal Revenue, Washington D. C. Division, Tax average the allowed be should we 619 Section under that contending Savage-Remington tax base on the theory that all three firearms are At the time Mr. Hoyt was furnished with this information, comparable. he needed. He the Remington and Savage catalogs in his possession, he has returned them to Mr. Russell at St. Louis. unless possi- of December has bly Company ing the Lana 1938, he The Government wholesale selling tax and in all of Ne believe that advised that it was exactly what have contended that the Browning Arms price should be used as a basis for assesstheir reports that figure has been used. the statement showing the basis of Offer in Compromise submitted to the Attorney General of the United States if there are on October 4, 1939 will be readily understood, however, addifurnish to glad be shall we it, regarding all at any questions . tional information paid upon We also believe that our statement showing excise taxes guns sold upon consignment and imported subsequently to June 18, 1932 will be readily understood. The Browning Arms Company at St. Louis prepared, and we are furnishing a copy of the statement, a detailed report from duplicate copies of invoices on file in the company's offices at St. Louis In other covering all sales from June 21, 1932 to September 30, 1935. words, the same period as was covered by the Government men. | The Arms Company, however, tied each month's sales into the general records of the company, balancing out and retaining by months in their files a It is believed that record in detail of all sales during the period. upon as being more relied be can supported, be can which this record, There is a difference of $13,155.00 accurate than the Government report. shows $958,740.93 whereas the report Government the two, the between The figures shown Browning Arms Company compilation was $945,585.93. data on reflecting computations our in used been in this report have the pending excise tax case. We are furnishing copy of a memorandum reflecting the data on the pending excise tax case which includes interest to June Another year's interest should be added to this statement 30, 1939.