They still wanted a lot of changes to allow more freedom, restrictions and more transparency... just not necessarily a formal republic.
Think about this - in CATO's own Human Freedom Index half of the top 16 countries are monarchies.
1 New Zealand - monarchy 2 Switzerland - republic 3 Hong Kong (definitely not going to be in #4 now) 4 Canada - monarchy 5 Australia - monarchy 6 Denmark - monarchy 6 Luxembourg - monarchy 8 Finland - republic 8 Germany - republic 10 Ireland - repulbic 11 Sweden - monarchy 11 Netherlands - monarchy 13 Austria - republic 14 United Kingdom - monarchy 15 Estonia - republic 15 United States - republic
Napoleon I, Emperor of the French (1804–1814)
Louis XVIII, King of France (1814–1824)
Charles X, King of France (1824–1830)
Louis Philippe I, King of France (1830–1848)
Napoleon III, Emperor of the French (1852–1870)
Napoleon III would like a word with you.