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WELLS, DAVID AMES (1828—1898)

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Originally appearing in Volume V28, Page 514 of the 1911 Encyclopedia Britannica.
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WELLS, See also:DAVID See also:AMES (1828—1898) , See also:American economist, was See also:born in See also:Springfield, See also:Massachusetts, on the 17th of See also:June 1828. He graduated at See also:Williams See also:College in 1847, was on the editorial See also:staff of the Springfield Republican in 1848, and at that See also:time invented a See also:machine for folding See also:newspapers and See also:book-sheets. He then removed to See also:Cambridge, graduated at the See also:Lawrence Scientific School in 1851, and published in 1850—1865 with See also:George See also:Bliss (1793—1873) an See also:Annual of Scientific See also:Discovery. In 1866 he patented a See also:process for preparing textile fabrics. His See also:essay on the See also:national See also:debt, Our See also:Burden and Our Strength (1864), secured him the See also:appointment in 1865 as chairman of the national See also:revenue See also:commission, which laid the basis of scientific See also:taxation in the See also:United States. In 1866—187o he was See also:special See also:commissioner of revenue and published important annual reports; during these years he became an See also:advocate of See also:free See also:trade, and he argued that the natural resources of the United States must See also:lead to See also:industrial supremacy without the artificial assistance of a protective See also:tariff which must produce an uneven development industrially. The creation of a Federal See also:Bureau of See also:Statistics in the See also:Department of the See also:Treasury was largely due to Wells's See also:influence. In 1871 he was chairman of the New See also:York See also:State Commission on See also:local taxation which urged the abolition of See also:personal taxes, except of moneyed corporations, and the See also:levy of a tax on the rental value of dwellings to be paid by the occupant; and in 1878 he reported on New York See also:canal tolls. In 1877 he was See also:president of the American Social See also:Science Association. He died in See also:Norwich, See also:Connecticut, on the 5th of See also:November 1898. He edited many scientific See also:text-books, and wrote The Creed of the Free Trader (1875), See also:Robinson Crusoe's See also:Money (1878), Our See also:Merchant Marine (1832) , The Primer of Tariff Reform( 884) , See also:Practical See also:Economics (: 885), Principles of Taxation(' 886) , See also:Recent Economic Changes (1889).

End of Article: WELLS, DAVID AMES (1828—1898)

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