New states, and especially agricultural states, have not the same ability to pay direct taxes as older commercial and manufacturing states, having within them great cities with accumulated wealth, in the form of stocks, bonds and patents.
Sherman discusses the financial disparities between new agricultural states and older commercial states in terms of tax capacity.
Share
More from John Sherman
I believe that it will give a reasonable fair protection for the great industries of agriculture, manufacture, and commerce, which lie at the basis of the prosperity of this country.
This power in the hands of a few is at this moment the disturbing element in many of our great industries.
It is impossible for an American to visit Paris without enjoyment and instruction.
I would regard it as a public calamity to have the power of this House placed, directly or indirectly, under the control of this administration.
Other voices in this conversation
