Plutocracy is abhorrent to a republic; it is more despotic than monarchy, more heartless than aristocracy, more selfish than bureaucracy. It preys upon the nation in time of peace and conspires against it in the hour of its calamity.
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Address at Madison Square Garden, New York (30 August 1906), at a reception welcoming Bryan on his return from a year's trip around the world, published in Speeches of William Jennings Bryan, Funk & Wagnalls, (1909), p. 90