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cvi
Contents.
| Essay. | Page | |
| State tax-law (unless upon imports and exports) an unconstitutional usurpation of power, | No. XXXI. | 207 |
| k. "concurrent authority concerning taxation the only admissible substitute for an entire subordination of the States," | XXXII. | 208 |
| a. absurdity of denying the practical impossibility of coördinate authority, | 208 | |
| b. illustrations of its practicability, from Roman history, | 209 | |
| c. difficulties which will interfere with its execution less powerful than those which existed in Rome, | 209 | |
| d. purposes of a Fœderal revenue more extended than those which the State governments must provide for, | 210 | |
| A. "there ought to be a capacity to provide for future contingencies," | 210 | |
| B. there must be a capacity to provide for the public defence, | 210 | |
| C. for the payment of public debts, | 212 | |
| e. concluding remarks, urging that a delegation of concurrent authority was preferable to an entire subordination of the States to the Fœderal authorities, | 214 | |
| l. objection, "that the jurisdiction of the National government, in the article of revenue, should be restricted to particular objects," considered, | XXXIII. | 215 |
| a. it would oppress particular branches of industry, | 215 | |
| b. taxes would be unequally distributed, | 215 | |
| c. illustration from the proposed limitation of its jurisdiction to duties on imports, | 215 | |
| A. objections against a high tariff, | 216 | |
| a. it encourages smuggling, | 216 | |
| b. it renders other classes tributary to the manufacturing classes, who will hold a monopoly of the markets, | 216 | |
| c. it will force industry out of its more natural channels into those which are less beneficial, | 216 | |
| d. it will oppress the merchant in the payment of duties, | 216 | |
| B. the limitation proposed would be productive of inequality of taxation among the several States, | 216 | |
| C. the objection, "that the interest of the revenue itself would be a sufficient guard against an extreme tariff," considered, | 217 | |
| m. objection, that the House of Representatives cannot contain representatives of all classes of tax-paying citizens, considered, | 218 | |
| a. such a special representation of each class impracticable, | 219 | |
| b. merchants the natural representatives of the mechanic and manufacturing classes, | 219 |
