...with the black marble which gives the fireplace the air of a miniature family vault, to suggest early Victorian commercial respectability, belief in money, Bible fetichism, fear of hell always at war with fear of poverty, instinctive horror of the passionate character of art, love and Roman Catholic religion, and all the first fruits of plutocracy in the early generations of the industrial revolution.

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Today we frankly recognize that democracy can be no more than aspiration, and have rule not so much by the people as by the cleverest people; not an aristocracy of birth, not a plutocracy of wealth, but a true meritocracy of talent.

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There is something to be said for government by a great aristocracy which has furnished leaders to the nation in peace and war for generations; even a democrat like myself must admit this. But there is absolutely nothing to be said for government by a plutocracy, for government by men very powerful in certain lines and gifted with the money touch, but with ideals which in their essence are merely those of so many glorified pawnbrokers.

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Of all forms of tyranny the least attractive and the most vulgar is the tyranny of mere wealth, the tyranny of plutocracy.

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