To the security of this right, certain regulations, as to the modes and conditions of enjoying the secondary rights, or in other words, of holding property, are necessary. Not, indeed, as to the quantity, but the freedom of acquisition, use, and disposal. To give to any individual, or class of men, a monopoly, an exclusive right of acquisition in those things, which nature has made the subjects of property, to perpetuate, and render them unalienable in their hands, is an exclusion of the rights of others. It is a violation of the equal rights of man. Inequality of property, in the possession of individuals, is not directly, nor by inevitable consequence, subversive of genuine liberty.
Riches are the fruit of industry.
Honor the fruit of merit. Both ought, as to their continuance, and the influence which attends them, to be left to the conduct of the possessor. If a man, who, by industry and economy, has acquired riches, become indolent, or profligate, let him sink into poverty. Let those who are still industrious and economical, succeed to his enjoyments, as to their just reward. If a man, who, by noble and virtuous actions, has acquired honor, the esteem of mankind, will behave infamously, let him sink into contempt.