1. Editorials.
- Subjects
UNITED States history, 1865-1921 ,UNITED States economy ,TAX evasion ,TAXPAYER compliance ,MARITIME law ,INTERNATIONAL trade ,FREE trade ,TOBACCO farmers - Abstract
This article presents information on economic conditions of the U.S. The magnitude of the fraud sought to be perpetrated on the taxpayers of the United States by the shipping-subsidy bill, can be best understood by making a comparison of the sums actually appropriated by Great Britain. For these payments, the admiralty have the first call on the ships, at much lower rates than they would have to pay if the boats were chartered in times of emergency, and they have also the first call on other ships belonging to these companies for which no subvention is paid. The alarm of some of the Connecticut farmers who grow tobacco over the possibility that free trade may be established between this country and Porto Rico, illustrates once more a perennial characteristic of protected industries. The acuteness of the alarm in the case referred to, may be gauged by the fact that the value of the tobacco crop of the United States, according to the returns for 1896, was $24,258,070, taking as approximately correct the returns of the U.S. Agricultural Department
- Published
- 1900