Meaning: This quote by George Bancroft, an American historian and statesman, encapsulates the essence of democratic governance and the principles upon which it should be built. Bancroft's words emphasize the importance of a government that is founded on the will and participation of the people, rather than being controlled by a select few or being based solely on the possession of property. This concept reflects the fundamental ideals of democracy and the belief in the power of public opinion and individual freedoms.

Bancroft's assertion that "the best government rests on the people, and not on the few" underscores the democratic principle of popular sovereignty, which holds that the authority of the government is derived from the consent and will of the people. In a truly democratic system, the interests and welfare of the entire populace should be the guiding force behind governmental decisions and policies. This principle is also echoed in the idea of "government of the people, by the people, for the people," famously articulated by Abraham Lincoln in his Gettysburg Address.

The quote also highlights the importance of prioritizing individuals over property in the governance of a society. By emphasizing that a good government should be based on persons and not on property, Bancroft advocates for a system that values the rights and well-being of its citizens above material possessions or wealth. This sentiment aligns with the concept of egalitarianism and the belief that all individuals should have an equal voice and standing in the political process, regardless of their economic status.

Furthermore, Bancroft's emphasis on "the free development of public opinion and not on authority" speaks to the idea that a healthy and functional democracy thrives on the open exchange of ideas and the diversity of viewpoints within society. In a democratic framework, the free flow of public opinion and the presence of robust civil discourse are essential for fostering informed decision-making and holding those in power accountable. This principle underscores the significance of freedom of speech and the press, as well as the need for transparency and responsiveness from government institutions.

George Bancroft, as a prominent historian and political figure in 19th-century America, was deeply engaged in the study and promotion of democratic principles. He played a significant role in shaping the historical narrative of the United States and was a strong advocate for the preservation of democratic ideals. Through his writings and public service, Bancroft sought to impart the importance of civic engagement, individual empowerment, and the shared responsibility of citizens in upholding democratic governance.

In conclusion, George Bancroft's quote encapsulates the core tenets of democratic governance, emphasizing the primacy of the people's will, the value of individual rights over property, and the essential role of open public discourse in shaping a just and effective government. His words continue to resonate as a reminder of the enduring principles that underpin democratic societies and the ongoing pursuit of a more equitable and participatory form of governance.