Sentence:  And the essential value and power of <WSD>Democracy</WSD> consists in this,—that it combines, as far as possible, power and organization ; THE SPIRIT, MANHOOD, "is at one with" THE BODY, ORGANIZATION. [....] <WSD>Democracy</WSD> is Government by the People. 
Meaning of the word marked with <WSD> tags:  Rule by the people, especially as a form of government; either directly or through elected representatives (representative democracy).