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Updated: May 10, 2025
The chief aim of the law is to secure honest valuations of all dutiable merchandise and to make these valuations uniform at all our ports of entry. It had been made manifest by a Congressional investigation that a system of undervaluation had been long in use by certain classes of importers, resulting not only in a great loss of revenue, but in a most intolerable discrimination against honesty.
Wilson. Nevertheless, I still believe that ignorance and undervaluation of America was a stronger influence. At least I cannot conceive that all the authorities concerned would have voted for unrestricted submarine war if they had been firmly convinced that the United States would come into the war with all her military and economic power.
A tax on tea and coffee is shown by the experience not only of our own country, but of other countries, to be easily collected, without loss by undervaluation or fraud, and largely borne in the country of production.
But if the two systems of measurement applied to the sun be used to determine the heat of a solid body rendered incandescent in this flame, it comes out, by Newton's mode of calculation, 45,000° C.; by Dulong and Petit's, 870° C. Both, then, are justly discarded, the first as convicted of exaggeration, the second of undervaluation.
Fulkerson didn't appreciate you to the utmost." "I think I came pretty near an undervaluation in that Lindau trouble. I shall always wonder what put a backbone into Fulkerson just at that crisis. Fulkerson doesn't strike me as the stuff of a moral hero." "At any rate, he was one," said Mrs. March, "and that's quite enough for me." March did not answer. "What a noble thing life is, anyway!
One of the most curious features in the relation of literature to life is this, that while poetry, the production of the poet, is as necessary to universal man as the atmosphere, and as acceptable, the poet is regarded with that mingling of compassion and undervaluation, and perhaps awe, which once attached to the weak-minded and insane, and which is sometimes expressed by the term "inspired idiot."
He had ever admired and venerated he said the character of the beautiful and fascinating Judith O'Calligan, who had alone, and by her unassisted merits, removed from his character that tendency toward contempt and undervaluation of women, which, he was mortified to say, he had been induced to feel from an early disappointment in love.
Fulkerson didn't appreciate you to the utmost." "I think I came pretty near an undervaluation in that Lindau trouble. I shall always wonder what put a backbone into Fulkerson just at that crisis. Fulkerson doesn't strike me as the stuff of a moral hero." "At any rate, he was one," said Mrs. March, "and that's quite enough for me." March did not answer. "What a noble thing life is, anyway!
"Oh, pshaw, Ann; you do not mean that my simple-hearted brother, Joseph Putnam, ever planned and carried out a subtle scheme of that kind?" said honest Thomas, with an older brother's undervaluation of the capabilities of a mere boy like Joseph.
These discriminations could be overcome by assessing a duty in ad valorem terms, but this method is open to the objection, first, that it increases administrative difficulties and tends to decrease revenue through undervaluation; and, second, that as prices advance, the ad valorem rate increases the duty per pound at the time when the consumer most needs relief and the producer can best stand competition; while if prices decline the duty is decreased at the time when the consumer is least burdened by the price and the producer most needs protection.
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