Happy bottled in bond day
One purpose of the Bottled-in-Bond Act was to create a standard of quality for Bourbon whiskey. Prior to the Act's passage, much of the whiskey sold as straight whiskey was anything but. So much of it was adulterated out of greed – flavored and colored with iodine, tobacco, and other substances – that some perceived a need for verifiable quality assurance. The practice was also connected to tax law, which provided the primary incentive for distilleries to participate. Distilleries were allowed to delay payment of the excise tax on the stored whiskey until the aging of the whiskey was completed, and the supervision of the warehouse ensured proper accounting and the eventual collection of the tax. This combination of advantages led a group of whiskey distillers led by Colonel Edmund Haynes Taylor, Jr. (creator of Old Taylor bourbon) to join with then Secretary of the Treasury John G. Carlisle to fight for the Bottled-in-Bond Act. To ensure compliance, Treasury agents were assigned to control access to so-called bonded warehouses at the distilleries.