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Wealth & Money Quote by Henry A. Wallace

"There are probably several hundred thousand if we narrow the definition to include only those who in their search for money and power are ruthless and deceitful"

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Wallace’s line has the clipped chill of a man trying to name a problem without sounding like he’s naming names. “Several hundred thousand” is an audacious figure: big enough to feel systemic, not just a handful of bad apples, yet bounded enough to avoid the paranoid sweep of “millions.” The real rhetorical move is in the qualifier. He doesn’t condemn ambition or wealth outright; he “narrows the definition” to those who pursue them “ruthless and deceitful.” That narrowing is a pressure valve, signaling reasonableness while still putting a target on a recognizable type: the operator who treats democracy as a marketplace to be gamed.

As a vice president speaking from inside the machinery of power, Wallace is doing something riskier than moralizing. He’s warning that the threat isn’t only foreign or overtly violent; it’s domestic, managerial, dressed in respectability. The phrase “search for money and power” implies a permanent class of seekers, people for whom politics is extraction. “Ruthless and deceitful” makes the behavior, not the ideology, the indictment. That’s subtext with consequences: it invites vigilance against methods (manipulation, disinformation, coercion), even when they arrive wrapped in patriotism or business pragmatism.

The likely context is Wallace’s mid-1940s alarm about authoritarian currents and plutocratic influence in American life. Coming from a New Deal progressive who understood both corporate power and wartime propaganda, the sentence reads like a preemptive rebuttal to complacency: you don’t need a coup to lose a republic; you just need enough skilled cynics working the levers for personal gain.

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TopicHonesty & Integrity
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Henry A. Wallace on Domestic Threats to Democracy
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Henry A. Wallace (October 7, 1888 - November 18, 1965) was a Vice President from USA.

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