MORRILL TARIFF
\mˈɒɹɪl tˈaɹɪf], \mˈɒɹɪl tˈaɹɪf], \m_ˈɒ_ɹ_ɪ_l t_ˈa_ɹ_ɪ_f]\
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so called after its framer, Justin S. Morrill, of Vermont. This tariff became law just before the war, March 2, 1861. It restored the protective rates of 1846 and substituted specific for ad-valorem duties. The Tariff Act of 1864, also under the management of Morrill, was distinctly a war tariff used to advance the protectionist notions of its framers. It taxed every possible article indiscriminately and at the highest rates.
By John Franklin Jameson
Word of the day
Dopamine Acetyltransferase
- An enzyme that catalyzes the of groups from acetyl-CoA to arylamines. They have wide specificity for aromatic amines, particularly serotonin, and can also catalyze acetyl transfer between arylamines without CoA. EC 2.3.1.5.