Contemporary American History, 1877-1913Beard, Charles A. (Charles Austin)
History
Contemporary American History, 1877-1913
Beard, Charles A. (Charles Austin)
United States -- History -- 1865-1921
Senator Hoar, who claimed that he was the author of the Sherman
anti-trust law, says, however, that the act was not directed against
_all_ combinations in business. "It was expected," he says, "that the
court in administering that law would confine its operations to cases
which are contrary to the policy of the law, treating the words
'agreements in restraint of trade' as having a technical meaning, such
as they are supposed to have in England. The Supreme Court of the United
States went in this particular farther than was expected.[32] ... It has
not been carried to its full extent since, and I think will never be
held to prohibit those lawful and harmless combinations which have been
permitted in this country and in England without complaint, like
contracts of partnership, which are usually considered harmless."
The immediate effects of the Sherman anti-trust law were wholly
negligible. Seven of the eight judicial decisions under the law during
Harrison's administration were against the government, and no indictment
of offenders against the law went so far as a trial. During Cleveland's
second term the law was a dead letter. Meanwhile trusts and combinations
continued to multiply.
_The Income Tax Law of 1894_
In the debates over tariff reduction, silver, and paper money, evidences
of group and class conflicts were almost constantly apparent, but it was
not until the enactment of the income tax provision of 1894 that
political leaders of national standing frankly avowed a class
purpose--the shifting of a portion of the burden of national taxes from
the commodities consumed by the poor to the incomes of the rich.
The movement for an income tax found its support especially among the
farmers of the West and South and the working classes of the great
cities. The demand for it had been appearing for some time in the
platforms of the agrarian and labor parties. The National or Greenback
party, in its platform of 1884, demanded "a graduated income tax" and "a
wise revision of the tariff laws with a view to raising revenues from
luxury rather than necessity." The Anti-monopoly party, in the same
year, demanded, "a graduated income tax and a tariff, which is a tax
upon the people, that shall be so levied as to bear as lightly as
possible upon necessaries. We denounce the present tariff as being
largely in the interest of monopolies and demand that it be speedily and
radically reformed in the interest of labor instead of capital." The
Union Labor convention at Cincinnati in 1888 declared in its platform:
"A graduated income tax is the most equitable system of taxation,
placing the burden of government upon those who can best afford to pay,
instead of laying it upon the farmers and producers and exempting
millionaire bondholders and corporations."
Public-domain text, read in full here on John Shaqi.
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