DS--1-., Issues 9-21

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U.S. Government Printing Office, 1940

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Page 11 - The act is in essence and on its face a complete regulation of boards^of trade, with a penalty of 20 cents a bushel on all 'futures' to coerce boards of trade and their members into compliance.
Page 10 - It is often applied, as a regulation of commerce. It is often applied, as a virtual prohibition upon the importation of particular articles, for the encouragement and protection of domestic products, and industry ; for the support of agriculture, commerce, and manufactures ; for retaliation upon foreign monopolies and injurious restrictions ; for mere purposes of state policy, and domestic economy ; sometimes to banish a noxious article of consumption ; sometimes, as a bounty upon an infant manufacture,...
Page 10 - Report of the New York State Commission for the Revision of the Tax Laws, by Paul R.
Page 10 - The absolute power to lay taxes includes the power in every form in which it may be used, and for every purpose to which the legislature may choose to apply it. This results from the very nature of such an unrestricted power. A fortiori it might be applied by Congress to purposes for which nations have been accustomed to apply it. Now, nothing is more clear, from the history of commercial nations, than the fact that the taxing power is often, very often, applied for other purposes than revenue. It...
Page 3 - But if you have an idea and I have an idea and we exchange these ideas, then each of us will have two ideas.
Page 11 - Court said: It is impossible to escape the conviction, from a full reading of this law, that it was enacted for the purpose of regulating the conduct of business of Boards of Trade through supervision of the Secretary of Agriculture and the use of an administrative tribunal.

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