We may congratulate ourselves that this cruel war, which has cost a vast treasure of blood and money, is almost over. But I see in the future a crisis approaching which fills me with anxiety. As a result of the war, corporations have become enthroned, and an era of corruption in high places will follow. The money power of the country will endeavor to prolong its rule by preying upon the prejudice of the people, until all wealth is concentrated in a few hands, and the Republic destroyed. I feel at this time more anxiety for the future of my country than at any time in the past, even in the midst of war.

Abraham Lincoln (1809-1865) American lawyer, politician, US President (1861-65)

(Spurious)

Variants:

I see in the near future a crisis approaching that unnerves me and causes me to tremble for the safety of my country [...] corporations have been enthroned, and an era of corruption in high places will follow, and the money power of the country will endeavor to prolong its reign by working upon the prejudices of the people until all wealth is aggregated in a few hands and the Republic is destroyed. I feel at this moment more anxiety for the safety of my country than ever before, even in the midst of the rebellion.

The money power preys upon the nation in times of peace, and it conspires against it in times of adversity. It’s more despotic than monarchy. It’s more insolent than autocracy. It’s more selfish than bureaucracy. [...] Corporations have been enthroned, and an era of corruption in high places will follow, and the money power of the country will endeavor to prolong its reign by working on the prejudices of the people until all wealth is aggregated in a few hands, and the republic is destroyed.

This is most often cited as being from a letter (1864-11-21) to Colonel William F. Elkins, a personal friend of Lincoln's. Other attributions included a message from Lincoln to Congress, or from other speeches, or in one case to a message from Lincoln from beyond the grave during a seance. It may be traceable to a pamphlet by the Caldwell Remedy Company (1888-05-10). It came to wide prominence during the 1896 presidential election, when the powers of corporations, trusts, and robber barons were under wide populist attack.

The quotation was researched and rejected by Nicolay and Hay, Lincoln's personal secretaries, as well as by his son, Robert Todd Lincoln. Further, Lincoln worked as a corporate lawyer on a number of occasions, and never seemed particularly concerned about corporations or their concentration of wealth. Nevertheless, the spurious quotation and variants regularly pop up in essays, speeches, and opinion pieces even today.

For more information about this quotation and its background (including much of the information above), see:

• Thomas F Schwartz, "Lincoln Never Said That," For the People (newsletter of the Abraham Lincoln Association), Vol. 1, No. 1 (Spring 1999).
• Did Abraham Lincoln Warn of the Tyranny of Capitalism? | Snopes.com.
• Essay (1939-11-06), "Sources of Traditional Quotations," Lincoln Lore," No. 552 (Bulletin of the Lincoln National Life Foundation).
• Getting Wrong with Lincoln | Origins.