[Note, this is why we need to 'open the states'] 'Capital is what men and women have saved. It is “what was left over from yesterday.” The man who has saved a dollar is a capitalist. If he has saved two dollars, he is a greater capitalist. If he has saved enough to give employment and opportunity to other men, he is a captain of industry. Most of the enterprises that require large capital investment are made possible by combining the savings of thousands of small investors. There are over three million investors in the stocks and bonds of electric light and power companies in this country alone. Our great railroad, street car, telephone, banking, and insurance companies are made possible by the small investments of many men and women. When we legislate against these companies, we are injuring millions of small investors. Wise indeed were the Fathers. They protected such as these in our Constitution.'
-GW Cartwright, Voice of America, 1925.https://remnantshighway.files.wordpress.com/2012/07/voiceofamerica-hilite4.pdf#limitation-of-wealth