Excerpt from The World's Work, Vol. 6: June, 1903
This is a new application of taxation. Not only will it bring an enormous addition to the revenue of New York City, but, more important still, it also (as the anti - trust law does) declares that corporations are within the power of the law. Like the great merger case, it has a moral value. This also will be appealed, but it is not thought that the decision will be reversed by the United States Supreme Court. It is doubtful whether the Supreme Court will find that it falls within its jurisdiction.
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