On the record
I am told that the profits of the national banks are two or three times greater than those of the old State banks, which we did not hesitate to tax out of existence.
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gutenberg.orgCharles Sumner: “I am told that the profits of the national banks are two or three times greater than those of the old State banks, which…”
Editor's note · Context
He points out that national banks are reportedly making much higher profits than state banks, which were heavily taxed.
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Contrary to Christianity, but upheld by the Church, I. 54, 58.
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