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Charles Herbert Allen
Charles Herbert Allen (April 15, 1848 – April 20, 1934) was an American politician and businessman. After serving in state and federal elected positions, he was appointed as the first United States-appointed civilian governor of Puerto Rico when the U.S. acquired it after the Spanish–American War. He previously had served as Assistant Secretary of the Navy under President William McKinley. After returning to the U.S. from Puerto Rico, Allen headed for Wall Street and became a vice president of Morton Trust Company and its successor, the J.P. Morgan & Co., Guaranty Trust Company of New York. He formed the American Sugar Refining Company—a sugar syndicate which, by 1907, was the largest in the world. It owned or controlled 98% of the sugar processing capacity in the U.S. and was known as the Sugar Trust.Cesar J. Ayala, ''American Sugar Kingdom;'' University of North Carolina Press, 1999; pp. 45–47."Sold Beet Sugar Stock: President Allen Says Sugar Trust Tried to Conform to ...
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Charles Allen (Massachusetts Politician)
Charles Allen (August 9, 1797 – August 6, 1869) was a United States representative from Massachusetts. Early years He was born in Worcester, Massachusetts, on August 9, 1797, the son of Joseph Allen (congressman), Joseph Allen and grandnephew of Samuel Adams). Allen attended Leicester Academy (1809–1811) and Yale College (1811–1812) and studied law. He was admitted to the bar in 1821 and commenced practice in New Braintree, Massachusetts, New Braintree. He returned to Worcester in 1824 and continued the practice of law. On October 23, 1827, he was elected a member of the American Antiquarian Society. Career Allen was a member of the Massachusetts House of Representatives in 1830, 1833, 1835, and 1840; he also served in the Massachusetts State Senate in 1836 and 1837. In 1842, he was a member of the Maine-New Brunswick boundary commission created by the Webster–Ashburton Treaty that ended the Aroostook War. He was a judge of the Court of Common Pleas from 1842 to 1845 and ...
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Wall Street
Wall Street is a street in the Financial District, Manhattan, Financial District of Lower Manhattan in New York City. It runs eight city blocks between Broadway (Manhattan), Broadway in the west and South Street (Manhattan), South Street and the East River in the east with a length of just under 2,000 feet. The term "Wall Street" has become a Metonymy, metonym for the financial markets of the United States as a whole, the Financial services in the United States, American financial services industry, New York–based financial interests, or the Financial District. Anchored by Wall Street, New York has been described as the world's principal fintech and financial center. The street was originally known in Dutch language, Dutch as ''Het Cingel'' ("the Belt") when it was part of New Amsterdam during the 17th century. An actual city wall existed on the street from 1653 to 1699. During the 18th century, the location served as a slave market and Security (finance), securities ...
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Sales Taxes
A sales tax is a tax paid to a governing body for the sales of certain goods and services. Usually laws allow the seller to collect funds for the tax from the consumer at the point of purchase. When a tax on goods or services is paid to a governing body directly by a consumer, it is usually called a use tax. Often laws provide for the exemption of certain goods or services from sales and use tax, such as food, education, and medicines. A value-added tax (VAT) collected on goods and services is related to a sales tax. See Comparison with sales tax for key differences. Types Conventional or retail sales tax is levied on the sale of a good to its final end-user and is charged every time that item is sold retail. Sales to businesses that later resell the goods are not charged the tax. A purchaser who is not an end-user is usually issued a " resale certificate" by the taxing authority and required to provide the certificate (or its ID number) to a seller at the point of purchase ...
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Tariffs
A tariff or import tax is a duty imposed by a national government, customs territory, or supranational union on imports of goods and is paid by the importer. Exceptionally, an export tax may be levied on exports of goods or raw materials and is paid by the exporter. Besides being a source of revenue, import duties can also be a form of regulation of foreign trade and policy that burden foreign products to encourage or safeguard domestic industry. Protective tariffs are among the most widely used instruments of protectionism, along with import quotas and export quotas and other non-tariff barriers to trade. Tariffs can be fixed (a constant sum per unit of imported goods or a percentage of the price) or variable (the amount varies according to the price). Tariffs on imports are designed to raise the price of imported goods to discourage consumption. The intention is for citizens to buy local products instead, which, according to supporters, would stimulate their country's econom ...
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Revenue
In accounting, revenue is the total amount of income generated by the sale of product (business), goods and services related to the primary operations of a business. Commercial revenue may also be referred to as sales or as turnover. Some company, companies receive revenue from interest, royalties, or other fees. This definition is based on International Accounting Standard, IAS 18. "Revenue" may refer to income in general, or it may refer to the amount, in a monetary unit, earned during a period of time, as in "Last year, company X had revenue of $42 million". Profit (accounting), Profits or net income generally imply total revenue minus total expenses in a given period. In accountancy, accounting, revenue is a subsection of the equity section of the balance statement, since it increases equity. It is often referred to as the "top line" due to its position at the very top of the income statement. This is to be contrasted with the "bottom line" which denotes net income (gross reve ...
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Charles Herbert Allen, 1900
Charles is a masculine given name predominantly found in English and French speaking countries. It is from the French form ''Charles'' of the Proto-Germanic name (in runic alphabet) or ''*karilaz'' (in Latin alphabet), whose meaning was "free man". The Old English descendant of this word was '' Ċearl'' or ''Ċeorl'', as the name of King Cearl of Mercia, that disappeared after the Norman conquest of England. The name was notably borne by Charlemagne (Charles the Great), and was at the time Latinized as ''Karolus'' (as in ''Vita Karoli Magni''), later also as '' Carolus''. Etymology The name's etymology is a Common Germanic noun ''*karilaz'' meaning "free man", which survives in English as churl (James (< Latin ''-us'', see Spanish/ Portuguese ''Carlos''). According to Julius Pokorny, the historical linguist and Indo-European studies, Indo-Europeanist, the root meaning of Charles is "old man", from Proto-Indo-European language, Indo-European *wikt:Appendix:Proto-Indo-Eu ...
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Spanish–American War
The Spanish–American War (April 21 – August 13, 1898) was fought between Restoration (Spain), Spain and the United States in 1898. It began with the sinking of the USS Maine (1889), USS ''Maine'' in Havana Harbor in Cuba, and resulted in the U.S. acquiring sovereignty over Puerto Rico, Guam, and the Philippines, and establishing a protectorate over Cuba. It represented U.S. intervention in the Cuban War of Independence and Philippine Revolution, with the latter later leading to the Philippine–American War. The Spanish–American War brought an end to almost four centuries of Spanish presence in the Americas, Asia, and the Pacific; the United States meanwhile not only became a major world power, but also gained several island possessions spanning the globe, which provoked rancorous debate over the wisdom of expansionism. The 19th century represented a clear decline for the Spanish Empire, while the United States went from a newly founded country to a rising power. In 1895, C ...
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Secretary Of The Navy
The Secretary of the Navy (SECNAV) is a statutory officer () and the head (chief executive officer) of the Department of the Navy, a military department within the United States Department of Defense. On March 25, 2025, John Phelan was confirmed as Secretary of the Navy. By law, the Secretary of the Navy must be a civilian at least five years removed from active military service. The secretary is appointed by the president and requires confirmation by the Senate. History The position of Secretary of the Navy was created in 1798. It was a member of the president's Cabinet until 1949, when the Secretary of the Navy (and the secretaries of the Army and Air Force) were by amendments to the National Security Act of 1947 made subordinate to the secretary of defense. From 2001 to 2019, proposals to rename the Department of the Navy to the Department of the Navy and Marine Corps, which would have also renamed the Secretary of the Navy to the Secretary of the Navy and Marine Co ...
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George Dexter Robinson
George Dexter Robinson (born George Washington Robinson; January 20, 1834 – February 22, 1896) was an American lawyer and Republican politician from Chicopee, Massachusetts. After serving in the Massachusetts General Court and United States House of Representatives, Robinson served three one-year terms as Governor of Massachusetts, notably defeating Benjamin Franklin Butler in the 1883 election. After leaving office, his most famous legal client was Lizzie Borden, notoriously accused of killing her father and stepmother. She was acquitted in a highly sensationalized trial. Born in Lexington and educated at Harvard, Robinson taught high school before becoming a lawyer. He gained a reputation as a fine Parliamentarian while serving in Congress. As governor, he promoted the passage of civil service reform legislation and labor-friendly wage and dispute-resolution laws. He aligned with the state's industrial leaders against public health advocates, and banned discriminatio ...
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William Russell (governor)
William Eustis Russell (January 6, 1857 – July 16, 1896) was a lawyer and Democratic Party politician from Massachusetts. He served four terms as mayor of Cambridge, and was the 37th governor of Massachusetts, serving from 1891 to 1894. He was the state's second youngest-ever chief executive, and was the first Democrat since the American Civil War to serve more than one term in that office. Educated at Harvard and Boston University Law School, Russell practiced law in the family firm. He was politically a conservative Democrat, supporting the presidential campaigns of Grover Cleveland and the gold standard for the national currency. He gave a speech in favor of the latter at the 1896 Democratic National Convention immediately prior to William Jennings Bryan's Cross of Gold speech, and refused efforts to draft him as an opponent to Bryan for the presidential nomination. About a week later, he died quite suddenly at a fishing camp in Quebec; he was 39. He was viewed by ea ...
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United States House Of Representatives
The United States House of Representatives is a chamber of the Bicameralism, bicameral United States Congress; it is the lower house, with the U.S. Senate being the upper house. Together, the House and Senate have the authority under Article One of the United States Constitution, Article One of the Constitution of the United States, U.S. Constitution to pass or defeat federal legislation, known as Bill (United States Congress), bills. Those that are also passed by the Senate are sent to President of the United States, the president for signature or veto. The House's exclusive powers include initiating all revenue bills, Impeachment in the United States, impeaching federal officers, and Contingent election, electing the president if no candidate receives a majority of votes in the United States Electoral College, Electoral College. Members of the House serve a Fixed-term election, fixed term of two years, with each seat up for election before the start of the next Congress. ...
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United States Republican Party
The Republican Party, also known as the Grand Old Party (GOP), is a Right-wing politics, right-wing political parties in the United States, political party in the United States. One of the Two-party system, two major parties, it emerged as the main rival of the then-dominant Democratic Party (United States), Democratic Party in the 1850s, and the two parties have dominated American politics since then. The Republican Party was founded in 1854 by anti-slavery activists opposing the Kansas–Nebraska Act and the expansion of slavery in the United States, slavery into U.S. territories. It rapidly gained support in the Northern United States, North, drawing in former Whig Party (United States), Whigs and Free Soil Party, Free Soilers. Abraham Lincoln's 1860 United States presidential election, election in 1860 led to the secession of Southern states and the outbreak of the American Civil War. Under Lincoln and a Republican-controlled Congress, the party led efforts to preserve th ...
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