We must have no carelessness in our dealings with public property or the expenditure of public money. Such a condition is characteristic either of an undeveloped people, or of a decadent civilization. America is neither.
The property of the people belongs to the people. To take it from them by taxation cannot be justified except by urgent public necessity. Unless this principle be recognized our country is no longer secure, our people no longer free.
Ultimately property rights and personal rights are the same thing.
Coincident with the right of individual property under the provisions of our Government is the right of individual property. . . . When once the right of the individual to liberty and equality is admitted, there is no escape from the conclusion that he alone is entitled to the rewards of his own industry. Any other conclusion would necessarily imply either privilege or servitude.
It is only when people can feel that their lives and the property which their industry has produced today will continue to be safe...that there can be...stability of value and...economic progress.
We need not concern ourselves much about rights of property if we faithfully observe the rights of persons.
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