James Madison Quotes


There is an evil which ought to be guarded against in the indefinite accumulation of property from the capacity of holding it in perpetuity by...corporations. The power of all corporations ought to be limited in this respect. The growing wealth acquired by them never fails to be a source of abuses.


Citations

Madison, James. "Detached Memoranda." The Papers of James Madison: Retirement Series, vol. 1, edited by David B. Mattern et al., University of Virginia Press, 2009, p. 602.

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James Madison
James Madison
  • Born: March 16, 1751
  • Died: June 28, 1836
  • Nationality: American
  • Profession: President

James Madison Jr. was an American statesman, diplomat, expansionist, philosopher, and Founding Father who served as the fourth president of the United States from 1809 to 1817. He is hailed as the "Father of the Constitution" for his pivotal role in drafting and promoting the Constitution of the United States and the United States Bill of Rights. He co-wrote The Federalist Papers, co-founded the Democratic-Republican Party, and served as the fifth United States Secretary of State from 1801 to 1809.