Fisher Ames’ predictions were echoed by Britain’s Lord Thomas MacCauley, who wrote in 1857 to New York’s Democrat Secretary of State, Henry S. Randall:
“Distress … makes the laborer … discontented, and inclines him to listen with eagerness to agitators who tell him that it is a monstrous iniquity that one man should have a million while another cannot get a full meal …
The day will come when, in the State of New York, a multitude of people, none of whom has had more than half a breakfast … will choose a Legislature …
On one side is a statesman preaching patience, respect for vested rights, strict observance of public faith.
On the other is a demagogue ranting about the tyranny of capitalists … and asking why anybody should be permitted to drink champagne and to ride in a carriage while thousands of honest folks are in want of necessaries.
Which of the two candidates is likely to be preferred by a working man who hears his children cry for more bread?”