Political Quotes

Teddy Roosevelt: “The franchise is a necessary and inevitable element of value and is a proper subject of consideration in determining the…”

On the record
The franchise is a necessary and inevitable element of value and is a proper subject of consideration in determining the taxable value of the real property of the corporation enjoying it.
Said by
Teddy Roosevelt
Republican · New York

Editor's note · Context

Roosevelt argues that the franchise is a crucial factor in determining the taxable value of corporate property.

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