What President Lincoln foresaw on the dangers of corporations

image: bartleby

Here is a quote from President Lincoln on what he foresaw on the dangers of corporations after the Civil War:


"I see in the near future a crisis approaching that unnerves me and causes me to tremble for the safety of my country. . . . corporations have been enthroned and an era of corruption in high places will follow, and the money power of the country will endeavor to prolong its reign by working upon the prejudices of the people until all wealth is aggregated in a few hands and the Republic is destroyed."

-- U.S. President Abraham Lincoln, Nov. 21, 1864

(letter to Col. William F. Elkins)

Ref: The Lincoln Encyclopedia, Archer H. Shaw (Macmillan, 1950, NY)

full text here: http://www.ratical.org/corporations/Lincoln.html

sourced by: Rick Crawford, crawford@cs.ucdavis.edu