Chain Stores in America, 1859-1962

By Godfrey M. Lebhar | Go to book overview

CHAPTER XII
THE "DEATH SENTENCE" BILL

THE FIRST ATTEMPT to impose a punitive tax against chain stores on a national basis came in February, 1938, in the shape of a bill introduced by Representative Wright Patman, of Texas. It carried the names of more than 70 other Congressmen as "co-framers, co-authors and co-sponsors."

The bill, which was designated as H.R. 9464, was aimed primarily at the chains which operated in a number of States, but its provisions were drastic enough to have put many a chain out of business even though all its stores were located in a single State.

The tax imposed started at $50 a store on the tenth to the fifteenth store and increased progressively until all stores in excess of 500 would have to pay $1,000 each annually. But that was only the beginning! After the tax had been calculated on that basis, the amount was to be multiplied by the number of States in which the taxpayer operated.

just by way of example, the tax on the Woolworth Company in 1938 would have amounted to some $81,000,000 although its net profits that year amounted to only $28,000,000! With 1,864 stores in operation in 48 States and the District of Columbia, the tax would have amounted to $1,650,000 if all the stores had been operated in a single State, but because they were scattered all over the union, that sum had to be multiplied by 49, giving the tidy sum of $81,070,000. In the case of the A&P, with approximately 12,000 stores in 40 States at that time, the tax would have totalled more than $471,000,000!

-256-

Notes for this page

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items
Notes
Cite this page

Cited page

Style
Citations are available only to our active members.
Buy instant access to cite pages or passages in MLA 8, MLA 7, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

(Einhorn 25)

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Note: primary sources have slightly different requirements for citation. Please see these guidelines for more information.

Cited page

Bookmark this page
Chain Stores in America, 1859-1962
Table of contents

Table of contents

Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this book

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen
Items saved from this book
  • Bookmarks
  • Highlights & Notes
  • Citations
/ 432

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Buy instant access to cite pages or passages in MLA 8, MLA 7, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    Buy instant access to save your work.

    Already a member? Log in now.

    Search by... Author
    Show... All Results Primary Sources Peer-reviewed

    Oops!

    An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.