William Bennett Munro,
Social Civics
(1922)
“ All other forms of property are called personal property. Sometimes we distinguish between two kinds of personal property, tangible, which includes all goods and chattels, and intangible, which comprises stocks, bonds, mortgages, notes, deposits, and other obligations.The institution of private property is the basis of our whole economic system. No nation has ever enjoyed industrial prosperity for any length of time without recognizing the right of private property. Destroy this right and you take away what now constitutes the chief incentive to labor, saving, and industrial efficiency. ”
