must assume powers refused to it by its fundamental
law, -- and even then is exposed to the chance of
forming an absolute central government which sooner
or later is likely to fall into the hands it is strug-
gling to escape, and thus destroy the limits of its
power only in order to make corruption omnipotent.
Nor is this danger confined to America alone. The
corporation is in its nature a threat against the popu-
lar institutions spreading so rapidly over the whole
world. Wherever a popular and limited government
exists this difficulty will be found in its path; and
unless some satisfactory solution of the problem can
be reached, popular institutions may yet find their
existence endangered.

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