Salmon P. Chase

Biographical details

Portrait of Salmon P. Chase Salmon P. Chase Veazie Bank v. Fenno — Opinion of the Court

The power to tax may be exercised oppressively upon persons, but the responsibility of the legislature is not to the courts, but to the people by whom its members are elected. So if a particular tax bears heavily upon a corporation, or a class of corporations, it cannot, for that reason only, be pronounced contrary to the Constitution.
But there is another answer which vindicates equally the wisdom and the power of Congress.
It cannot be doubted that under the Constitution the power to provide a circulation of coin is given to Congress.
Source: Wikisource

Portrait of Salmon P. Chase Salmon P. Chase Van Allen v. The Assessors — Concurrence

So, if for the time the property of the shareholder is placed beyond his direct control, and converted into property of the association, how can that circumstance affect the intrinsic character of his shares as shares of the whole corporate property? How can a man's shares of any property be the subject of valuation at all if not with reference to the amount and productiveness of the property of which they are a part?
Source: Wikisource

Portrait of Salmon P. Chase Salmon P. Chase License Tax Cases — Opinion of the Court

But such a scheme of taxation applied to communities whose exclusive and paramount legislation proscribes the taxed pursuit as common and public nuisances, imputes every step in such pursuit as a crime, and punishes every transaction out of which the tax is raised by fine and imprisonment, and requires every grand jury to be specially charged to inquire into every perpetration of these crimes, is an absurdity.
Source: Wikisource

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