Jasper County Democrat, Volume 4, Number 12, Rensselaer, Jasper County, 29 June 1901 — A Limited Monarchy. [ARTICLE]

A Limited Monarchy.

, In a high school examination paper, In reply to the question, “What is a limited monarchy?” was written: “A limited monarchy is a government by a king, who, in case of bankruptcy, would not be responsible for the entire national debt. You have the same thing in private life in limited liability companies.” —Kansas City Star.