The essential difference between a monarchy and a democratic republic is reduced to the following: In a monarchy, the bureaucratic world oppresses and plunders the people for the greater benefit of the privileged propertied classes as well as for its own benefit, and all that is done in the name of the monarch; in a republic, the same bureaucracy does exactly the same thing, but in the name of the will of the people. - Mikhail Bakunin, Statism and Anarchy


An officer entrusted with the treasures or money either of a private individual, a corporation, a company, or a state.

It is his duty to use ordinary diligence in the performance of his office, and to account with those whose money he has.


The place where treasure is kept the office of a treasurer. The term is more usually applied to the public than to a private treasury.