Word: assessing
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Dates: during 1920-1929
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...Bull Ring. Of these millions, over eleven and a half went in the week of Nov. 10, more than ever before save in the panicky May weeks of 1901. A total of 689 issues were dealt in-a new high for all time. Wall Street tried to assess the market's appreciation while the booming continued and the rough 'figures were: Total appreciation 3 billions...
...these, the "turnover" tax would assess every sale from the raw material to the final product at delivery. Since some articles pass through many more hands than do others, certain branches of industry must inevitably labor under a serious disadvantage. The "turnover" tax, moreover, would encourage the formation of combinations, to the exclusion of the small manufacturer and the middleman; it would tax concerns regardless of how profitable they are it is, therefore, not adapted to American business conditions. The retail sales tax, on the other hand, eliminates this difficulty by proposing to collect revenue upon the product...