Wednesday, September 19, 2007

James Madison, “Property,” 1792...

"...“Property,” - This term in its particular application means “that dominion which one man claims and exercises over the external things of the world, in exclusion of every other individual.”

"In its larger and juster meaning, it embraces every thing to which a man may attach a value and have a right; and which leaves to every one else the like advantage. In the former sense, a man's land, or merchandize, or money is called his property*...."

"...He has a property very dear to him in the safety and liberty of his person...."

"...Where an excess of power prevails, property of no sort is duly respected. No man is safe in his opinions, his person, his faculties, or his possessions...."

(Read whole article here).

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