But as the Pujo Committee finds “the so-called control of life insurance companies by policy-holders through mutualization is a farce” and “its only … - Louis D. Brandeis

The statement of Mr. Justice Holmes of the Supreme Court of the United States, in the Oklahoma Bank case, is significant: “We cannot say that the public interests to which we have adverted, and others, are not sufficient to warrant the State in taking the whole business of banking under its control. On the contrary we are of opinion that it may go on from regulation to prohibition except upon such conditions as it may prescribe.

What I have desired to do is to make the people of Boston realize that the most important office, and the one which all of us can and should fill, is that of private citizen. The duties of the office of private citizen cannot under a republican form of government be neglected without serious injury to the public.

We can have democracy in this country, or we can have great wealth concentrated in the hands of a few, but we can't have both.