Excerpt from Principles of Property
It is a consequence, perhaps it may be deemed even an advantage, of the transference of political power to a democracy that it compels a revision and restatement of the arguments and the ideas on which our social life has hitherto been content to rest. New minds bring in now theories, and the old accepted doctrines must be put in new lights if they are to 'satisfy those who come fresh to their consideration.
I have, therefore, thought it might be of some service to attempt to demonstrate, in the simplest manner, the fundamental principles of the doctrine of Private Property, first as regards Property in General, and next as regards Property in Land. I have then tried to show in each case the logical consequences of the principles thus established, as well as their limitations, and finally their practical application under existing conditions. The mischiefs that would follow from disregard of these principles are also pointed out.
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