"Running a republic under the economic laws of a monarchy must of necessity result in producing the same conditions - great wealth for some and great poverty for the rest. This may be a government by the people, but it certainly is no longer a government for the people. Heretofore individual greed has had full swing in the United States, and naturally enough the ablest returned in possession of everything worth grabbing. And naturally enough, too, if a republic means a country owned by all its people, it cannot be a republic if it is owned by only a few. All the power of a country is bound to be in the hands of those who own it. If its wealth is in the hands of a few, its power is there with it.In the hands of a few it must be, if it would be a kingdom or empire. "