"Tyrant, Satrap, Pharaoh, Khan, Caesar, Emperor, Tsar and Kaiser have left their sulphurous trail across the pages of history. Today in Europe they have new names.

In America we call the lesser rulers Business Leaders and Corporation Lawyers; the great ones are simple kings—oil kings, match kings, soap kings—hundreds of them. . . . History seems to indicate that in the end democracy has always been destroyed as the free competitive markets of capitalism have been overcome by predatory business practices. . . ."

These grandiloquent words last week rolled from the tongue of Willis Jerome Ballinger, a plump onetime...

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