Free Alcohol. Hearings ... February-March, 1906
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Secretary Shaw. You put this bill in operation on the 1st of July, 1906; you and I will agree that the farmer will not get to using very much of this product for his gasoline engine before the 1st day of July, 1907, and you have then postponed it a year. I am so favorable to this proposition that, rather than see this thing defeated now — and you do not know when you will get it in as good shape as now — I would say a delay of one year is not worth batting an eye over.
Mr. Clark. Now, it has be...en variously estimated here as to what the consumption would be, and the lowest consumption that anybody who attempted to get at it estimated was 50,000,000 gallons a year, and the highest guess as to the amount of consumption in the next two years was 200,000,000 gallons in a year. Now, for convenience, take the lowest estimate of 50,000,000 gallons, and a tax of 1 cent per gallon would raise $500,000 a year revenue, and that is as much as the superintendence of this thing would be likely to cost.
What to read after Free Alcohol. Hearings ... February-March, 1906?
You can find similar books in the "Read Also" column, or choose other free books by United States. Congress. House. Committee On Ways And Means to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Secretary Shaw. You put this bill in operation on the 1st of July, 1906; you and I will agree that the farmer will not get to using very much of this product for his gasoline engine before the 1st day of July, 1907, and you have then postponed it a year. I am so favorable to this proposition that, rather than see this thing defeated now — and you do not know when you will get it in as good shape as now — I would say a delay of one year is not worth batting an eye over.
Mr. Clark. Now, it has be...en variously estimated here as to what the consumption would be, and the lowest consumption that anybody who attempted to get at it estimated was 50,000,000 gallons a year, and the highest guess as to the amount of consumption in the next two years was 200,000,000 gallons in a year. Now, for convenience, take the lowest estimate of 50,000,000 gallons, and a tax of 1 cent per gallon would raise $500,000 a year revenue, and that is as much as the superintendence of this thing would be likely to cost.
What to read after Free Alcohol. Hearings ... February-March, 1906?
You can find similar books in the "Read Also" column, or choose other free books by United States. Congress. House. Committee On Ways And Means to read onlineMoreLess
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