We stand equally against government by a plutocracy and government by a mob. 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.
Theodore Roosevelt (1858 - 1919)
Source: Letter to Sir Edward Grey, November 15, 1913
Shall we have recourse to the art of printing? But this has not destroyed property or aristocracy or corporations or paper wealth in England or America, or diminished the influence of either; on the contrary, it has multiplied aristocracy and diminished democracy.
John Adams (1735 - 1826)
Source: Letter to John Taylor, The Life and Works of John Adams, Boston, 1851, v. 6,
Each honest calling, each walk of life, has its own elite, its own aristocracy based on excellence of performance. . . . There will always be the false snobbery which tries to place one vocation above another. You will become a member of the aristocracy in the American sense only if your accomplishments and integrity earn this appellation.