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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gutenberg.orgJohn Sherman: “Any reduction in the rates imposed a heavy loss to the owner of the stock on hand, while an increase operated as a…”
Editor's note · Context
Sherman explains the financial implications of changing tax rates on stock owners, highlighting the impact of taxation on business.
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More from John Sherman
Our country, our whole country, and nothing but our country" has been the watchword and creed of my public life.
If my life is prolonged I will do all I can to add to the strength and prosperity of the United States, but nothing to extend its limits or to add new dangers by acquisition of foreign territory.
The life of a civilian is in what he says or writes, that of a soldier in what he does.
During forty years of public life, though many able men have aspired to the office I hold, the people of Ohio, through their general assembly, have preferred me to represent them.
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