Crossword Genius

Monarch ready to draw the line (5)

Ross

I believe the answer is:

ruler

I'm a little stuck... Click here to teach me more about this clue!

'monarch' is the definition.
(I've seen this before)

'ready to draw the line' is the wordplay.
I cannot really see how this works, but
'draw' could be 'rule' (ruling is a kind of drawing) and 'rule' is found in the answer.
A single letter 'r' remains which might be clued in a way I don't understand.
This explanation may well be incorrect...

Can you help me to learn more?

(Other definitions for ruler that I've seen before include "Graduated straight-edge" , "Aid for a straight line" , "Sovereign, for example" , "Royal" , "One in power" .)

I've seen this clue in The Globe and Mail.
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