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Quote by Salmon P. Chase

Author

Salmon P. Chase
Salmon P. Chase

Salmon P. Chase was a distinguished American statesman and lawyer who served as the 6th Chief Justice of the United States and as the 15th Secretary of the Treasury under President Abraham Lincoln. A leading figure in the Civil War, he was instrumental in the establishment of the National Banking System. He was a U.S. Senator from Ohio and a prominent advocate for the Union cause. more

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“If Congress sees fit to impose a capitation, or other direct tax, it must be laid in proportion to the census; if Congress determines to impose duties, imposts, and excises, they must be uniform throughout the United States. These are not strictly limitations of power. They are rules prescribing the mode in which it shall be exercised... This review shows that personal property, contracts, occupations, and the like have never been regarded by Congress as proper subjects of direct tax.”

“My agency in promoting the passage of the National Bank Act was the greatest financial mistake of my life. It has built up a monopoly, which affects every interest in the country. It should be repealed, but before that can be accomplished, the people will be arrayed on one side and the banks on the other, in a contest such as we have never before seen in this country.”

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