John Sherman said "Any reduction in the rates imposed a heavy loss to the owner of the stock on hand, while an increase operated as a bounty to such owner." @ PoliticalQuotes.com

On the record

Any reduction in the rates imposed a heavy loss to the owner of the stock on hand, while an increase operated as a bounty to such owner.

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Ohio

Source

Sherman explains the financial implications of changing tax rates on stock owners, highlighting the impact of taxation on business.

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The policy of this country ought to be to make everything national as far as possible.

Nothing is wanting but cultivation to make this a most delightful country.

We have done no wrong; we have no apologies to make, and no concessions to offer.

I wrote an adverse report, but it was suppressed in the committee.

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