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They are too often made to serve the revenue-producing necessities of the issuing state, and for that reason probably, more than for any other, they are made as attractive as modern art applied to stamp production can make them.

This year, with its trade depression and its excellent maintenance of the revenue, has seen the vindication of free trade as a revenue-producing instrument; next year will see its triumph. I have no apprehensions about the Budget which is now before the Committee. As Mr.

For long the owner of a newspaper had for the most part been content to regard it as a revenue-producing thing. The editor was supreme in matters of culture and opinion. True, the editor, being revocable and poor, could not pretend to full political power. But it was a sort of dual arrangement which yet modified the power of the vulgar owner.

We must not, therefore, sit as strict judges of the offenders to our own prejudice, but rather see how by moderate chastisements we may be enabled to benefit in future by the revenue-producing powers of our dependencies; and we must make up our minds to look for our protection not to legal terrors but to careful administration. At present we do exactly the opposite.

Consecutively came a ramification of other revenue-producing properties. Once in motion, the process worked in the same admixed, interconnected way as it did in the amassing of contemporary large fortunes. It may be literally compared to hundreds of golden streams flowing from as many sources to one central point.

Mayor Seidel and City Clerk Thompson both promise that taxes will not be increased; the former points to the new resources from property that had escaped taxation and to the future rise in value of land the city intends to purchase, the latter refers to "revenue-producing enterprises which will relieve the burden of taxation rather than increase it."

The same line of argument which has been accepted by the courts as supporting the constitutionality of the special fund for local improvement purposes is no less applicable to special debts incurred for the purchase of revenue-producing public utilities, such as water works, lighting plants and street railways.

He offered his director-general all the concessions which the crown could give, all the revenue-producing elements of France in effect, all France itself, as security. In return he asked but the small privilege of printing for himself as much money as he chose and whenever he saw fit!