Report of the Hearing Before the Committee on Expenditures of the General Court of Massachusetts, on the Subject of Increasing the Tax on Savings ... the Evidence of Officers of the Sav - Hardcover

Massachusetts General Court

9780266614708: Report of the Hearing Before the Committee on Expenditures of the General Court of Massachusetts, on the Subject of Increasing the Tax on Savings ... the Evidence of Officers of the Sav

Hardcover

ISBN 10: 0266614701 ISBN 13: 9780266614708

Publisher: Forgotten Books, 2018

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Explore the argument for taxing savings bank deposits as property, and weigh the data, figures, and legal reasoning from a historic Massachusetts inquiry.

This edition presents the introductory argument, the evidence from bank officers, and the legislative committee’s report from 1871, focusing on whether savings deposits pay their fair share of public costs.

The material explains how Massachusetts treated the tax on savings banks, contrasts it with ordinary property taxes, and discusses exemptions, the composition of deposits, and the impact on depositors and the state treasury. It offers a window into the debates that shaped how banks and their customers contributed to public finance in that era.

Understand the question: should savings banks be taxed like other property or as a franchise?
See the statistics and testimony about deposits, exemptions, and potential effects on taxpayers.
Learn how bankers and legislators framed the balance between state revenue and bank operations.
Gain historical context for the role of savings banks in immigrant communities and regional finance.

Ideal for readers of historical monetary policy, financial history, and law, offering concrete arguments from an important mid‑19th century debate.

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