The discrimination in favor of banks of circulation ran through all the tax laws, while other corporations, such as railroad companies, insurance companies and the like, were subject to heavy taxes.
John Sherman: “The discrimination in favor of banks of circulation ran through all the tax laws, while other corporations, such as…”
Editor's note · Context
Sherman critiques the tax laws that favor banks over other corporations, highlighting a significant issue in financial regulation.
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It was settled by this war that we have a country limited in its powers by the constitution of the United States fairly construed.
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