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John C. Calhoun quoteJohn C. Calhoun [1782-1850] American Statesman
Quote rank: 301



Every dollar of tax imposed on our exchanges in the shape of duties impairs, to that extent, our capacity to meet the severe competition to which we are exposed; and nothing but a system of high protective duties, long continued, can prevent us from meeting it successfully. It is that which we have to fear.

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