Business: Kingsley on Demagogs

President Darwin Pearl Kingsley of the New York Life Insurance Co. attacked the "foolish philosophy of the Declaration of Independence" before the 21st annual convention of life insurance presidents in Manhattan last week. As all men would be, life insurance men and social welfare leaders were startled. They listened eagerly to the rest of his speech:

"Men are not created equal and should no more have equal power in politics than they have in business; it's against nature. The rule of the demagog is a greater menace...

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