Quotessence
Home / Quotes / Quote by Rutherford B. Hayes

Quote by Rutherford B. Hayes

“This is a government of the people, by the people, and for the people no longer. It is a government of corporations, by corporations, and for corporations.”

Quote by Rutherford B. Hayes

Author

Rutherford B. Hayes
Rutherford B. Hayes

Rutherford B. Hayes was the 19th President of the United States, born on October 4, 1822, and died on January 17, 1893. During his presidency, he focused on maintaining national unity and restoring the economy, implementing a series of reform measures. more

You May Also Like

“Third, DAFs (donor-advised funds) allow private foundations to avoid the public scrutiny that Congress wanted them to have. If a private foundation makes a direct donation to a hate group or other questionable charity, that information is available to the public through public disclosure of tax returns. But if the private foundation wants to avoid this disclosure, it can simply make a distribution to a DAF, then make the donation to the hate group from the DAF, and no one is the wiser.45 While DAFs do publish their distributions, they list them over thousands of pages, and the information is disconnected from any particular donor. 45. Charitable gifts to hate groups can have devastating effects both within and outside the United States. Proposed legislation in Uganda imposing the death penalty for homosexuals was supported by significant charitable donations from United States taxpayers, many of which came from donor-advised funds. — Lydia Namubiro, “Charity Loophole Lets US Donors Give Far-Right Groups $272m in Secret,” Open Democracy (July 5, 2023).”

“Crowley started painting in 1919 while in Greenwich Village, New York, Alesiter had extravagant tastes. By the time, he was a thirty-year-old, he had spent his inheritance. Nevertheless, he purchased the best quality oil paints that money could buy, for his new project, just as he always purchased the most expensive paper on which to write his written works. Crowley's image of Lam appeared as part of the Dead Souls art exhibition show of Crowley's art work in Greenwich Village, New York in 1919".”

“When the due diligence process fails to account for a holistic set of data, then the leaders are incapable of having a holistic sense of how successful the deal may be, and what chance of success the new entity may have.”

“Mossfon subscribed to a Google-like paid search service called World-Check to help identify PEPs ["politically exposed person"] and criminals. It also, not for the first time, sent a letter to its professional clients requesting that they conduct a customer review. There was little follow-up. It was a question of incentives. When scandals sporadically came to light, they always seemed to resolve themselves without undue harm to the firm. Meanwhile, business was booming. In 2005, the firm tripled the number of shell companies it created on behalf of banks. By the end of the year, Mossfon had more than seventy thousand active companies. To do the necessary due diligence on all of them would have been prohibitively expensive, and sometimes impossible. In a business predicated on secrecy, no one wanted to produce the information.”