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agricultural American amount Association average benefit capital cent claim clothing coal combination commission Company compete competition condition Congress consequently consumers cost cotton demand duty earnings effect employed England Europe expense exports fact farm farmer fifty figures foreign give given half hundred Illinois imported increased industries interests iron labor land less live lumber manu manufacturers Michigan million mills mines monopoly month natural nearly operatives organization paid party pauper Pennsylvania persons pound present profit prosperity protection protective system question railroad raise raw material reason receive reduction representatives sell ships statement steel supposed tariff thing thousand tion trade trust twenty United wages wealth week whole wool woolen York
Página 16 - Authority aforesaid, that from and after the twenty-fourth Day of June one thousand seven hundred and fifty, no Mill or other Engine for Slitting or Rolling of Iron, or any Plating forge to work with a Tilt Hammer, or any Furnace for making Steel...
Página 13 - To lay with one hand the power of the government on the property of the citizen, and with the other to bestow it upon favored individuals to aid private enterprises and build up private fortunes, is none the less a robbery because it is done under the forms of law and is called taxation. This is not legislation. It is a decree under legislative forms.
Página 13 - This power can as readily be employed against one class of individuals and in favor of another, so as to ruin the one class and give unlimited wealth and prosperity to the other, if there is no implied limitation of the uses for which the power may be exercised.
Página 27 - That below such rate discrimination may be made descending, in the scale of duties; or, for imperative reasons, the article may be placed in the list of those free from all duty.
Página 27 - That all minimums, and all specific duties, should be abolished, and ad valorem duties substituted in their place, — care being taken to guard against fraudulent invoices and under-valuation, and to assess the duty upon the actual market value. 6th. That the duty should be so imposed as to operate as equally as possible throughout the Union, discriminating neither for nor against any class or section.
Página 22 - ... the restrictive regulations, which in foreign markets abridge the vent of the increasing surplus of our agricultural produce, serve to beget an earnest desire that a more extensive demand for that surplus may be created at home...
Página 28 - A protective tariff is a question regarding the enhancement of the profits of capital. That is its object and not to augment the wages of labor, which would reduce those profits. It is a question of percentage and is to decide whether money vested in our manufactures shall, by special legislation, yield a profit of 10, 20.
Página 13 - Of all the powers conferred upon government that of taxation is most liable to abuse. Given a purpose or object for which taxation may be lawfully used, and the extent of its exercise is in its very nature unlimited. It is true that express limitation on the amount of tax to be levied or the things to be taxed may be imposed by constitution or statute, but in most instances for which taxes are levied, as the support of government, the prosecution of war, the national defense, any limitation is unsafe.
Página 12 - Constitutionally, a tax can have no other basis than the raising of revenue for public purposes, and whatever governmental exaction has not this basis is tyrannical and unlawful. A tax on imports, therefore, the purpose of which is not to raise revenue but to discourage and indirectly prohibit some particular import for the benefit of some home manufacturer, may well be questioned as being merely colorable and therefore not warranted by constitutional principles.