The Supreme Court of the corporate United states decides Pollock v. Farmer’s Loan and Trust, declaring the federal income tax to be unlawful.

       NOTE: The lower impost provisions of the Wilson-Gorman (revenue) Tariff are allowed to stand.

       [restored 5/21/2022]

       The Supreme Court of the corporate United states decides United states v. E.C. Knight, declaring as unlawful federal regulation of intrastate commerce.

       [restored 5/21/2022]

Subsequent Events:

7/10/1896                   7/24/1897                   5/31/1904                  6/16/1909

Authority:

References:

Calvin D. Linton, ed., The Bicentennial Almanac: 200 Years of America, 1776-1976, (Nashville, Tennessee: Thomas Nelson, 1975), 242.

Current U.s. National Debt:

$36,167,124,467,492

Source