But experience soon demonstrated that, whatever might be the law in force, the revenues of the government would vary from year to year, depending, not upon rates of taxation, but upon the financial condition of the country.
Sherman notes that government revenues fluctuate based on the country's financial condition rather than just tax rates.
Share
More from John Sherman
Our country, our whole country, and nothing but our country" has been the watchword and creed of my public life.
It was settled by this war that we have a country limited in its powers by the constitution of the United States fairly construed.
Though my grateful thanks are due to them and have been often expressed, yet I have felt, as they do, that my duty was to the whole country.
Proud of Ohio, of its history and people, willing at all times to sound its praise in the sisterhood of states, yet, according to my convictions, the United States is entitled to my allegiance, and all parts of it should receive equal care…
Other voices in this conversation
