On the record
Every consideration urged against taxing the bank directly may be urged against taxing the shares.
Source
gutenberg.orgEditor's note · Context
Sumner points out that arguments against direct bank taxation apply to share taxation as well.
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More from Charles Sumner
According to recent calculations, its annual cost is not less than a thousand millions of dollars.
It is larger than the entire profit of all the commerce and manufactures of the world.
I am opposed to a tariff for protection merely, and not for revenue."--Letter to John K.
Still further: every ship-of-war that floats costs more than a well-endowed college.
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