, 1877-08-20

cIulfaleDt or identical. Consideration Il. ahcrc-
fore, next asked to this pint
Property being embodied ausf accumulated Ia.
hor. It ic@ntnct endowed, In nil pIaces whcrtthe
rights Of labor aFc recognized, With tho at
tr'h ties anil incidents Of titles or evi'
eession-tnehoate. legal, or equitable
which inhcrc In the property, follow It, and
form component part OF II wherever found.
Tue iact .hat the ownership, Interest, q !tls e
huntl-nutl-1ortCA9e title tn hts debtor's proper.
~ IN Illinois -can be cxilnG,isshcsi in thu real
and personal property Of the debtor; oy attach
tic debtor resides, md where ii. yi.ible, tanei:
o1o property has situs, also leads up to and
establishes as principle Of law, that tt. or IN.
tatnbrdnees are connected tra Ma os0ufr, buf u.
sit4oted, a, inetdeai. lorn' i.rf aud are tnte,e
arabic .frum u, and include the equitable Tie or
right eJ Ahe erriitor i, the dt5sor's 'osola and
fne"mb.rcd rro~r'p, tnt art not th<rtstf'.t prop
this subject by first defining property as
anything that / can bc bought and sold;
md then, since titlc-as, for example, 4 deed
Tan l'u hought and sold. accept the inference
ana'yze this definition and assumption. We
can. without doubt, sell aud deliver decd TO 4
farm but what Is sold In such Instances is the
farm; Including riEht.-a right to dominion
dominion ts pronerty. Let Us, therefore, carry
n9s property IN the ,t State whe,s i his and
Whefe Z ia1Gts. any teht or utle 70 inc same
deed, mortgage, a phrtncrshfrrfnterrstt or
any other form 81 title. cannot be thc property:
for me same thing certainty cannot 90 property
aw4 tepatata 9n s.ases a"a 1aftsoons' a,a ~
samc time. On the other hand, It It bc assumed
that tho title to the farm, wllatcser It may be,
ls the property: and rs such ean riehtfully he
taxed where itis, then 1t stands 10 fea;en that
ought not to be also reRanled a. property and
taxed III Illinois. - other words, II tho
tltlo 10 thc ,arm y ntopeftS,, Laen the
lasm Is not teaLS .4S IN !..nos n 49, unsess me
Mi 70 rciatS, Eoes ouG o. tho State II tne
pocket Of the inulvldnal Who WALKS OH with
tue tlt!o 70 y We nave all heatu OF sitel con.
centfatlon o. meat inat ~ lnas ls valoanie ~
s'ich concentration o. propcrty ~ y he,c ssiu.
p1sea 10 eometasne taf more remarkaoe. ana
ss n en o, a,rns au avE natov9 % 70 Q. oNen ~ ~ ~
at erh via ons steepc ~ % coat
poekSt, anu ,, iour.stoES nflek o'oGk' with
possibly lnhlpF!Vlc9c, 10 Inc otnef: II Is also
IMPORTANT 10 note that, while deed 70 realty,
xyess oa ill., ssye ssson
o. olar hiehest court f'.0enss ". deex' Lranen,
81 that ueon le pnt m "e1ccatcd contract"
on ne patt ol , tne erantor not 70 resume his
right N the thing granted; and therefore, II
she mny tax her citizens On dccis Of land in
other 'sta!es' ,,
Call titles property u We Ike, experience
when We como 70 deal with them as n'aiters OF
making Of no form Of title creates or produces
apy new property: bat simply indicates the
rights aud Interests OF parties ~ pre-cxsting
property; Enact such laws, also. tn respect, to
taxing titlcs rs We may experience WI! also
prove that taxes cannos bo practically levied on
imaginary th;nes ] Or !eea! notions, because u is
so,no physaGal aetuanty, ~ tne sense ot eaooH-
ied lapof, that must after al anL IN the emu,
pay oil taxes II Legislatures have the po"cr
ot creating Hat property Il, tmaRInary OF
fictitious property,-lt IS beyond their power to
maxe pay .a1es' tos notn,sa i less than omnipo
These vlows, II should DC understood, arc. how
ever, hcFcsics to some o. tue best think
ers ana wtitefs on pohtica1 economy anu
answer " to TIC assertion thnt II ,s "R'rhts and
titles are not property, for, Il they were, we
might make property oy making rights and
titles" rejo!ns; but ~ VIC 90 make propersy
dean!te1y' because @ we cannot sel tho titles IN;
definitely Inc whole question ID 2 question Of
The limits Of credit, that 10 a!l." but will W.:
0ds:o ssoa stop aa tnk wy We sann9t :ell
siIl!caa,um comes, Wien ese.y5oay ~ i 10 10 have s
everything ne wants wthout to'i, sell property,
tm e., the ecnse OF cmbod!ed lab9s, inloflnitcly.
Why not t'tles and crsaltsi Ihu answer 10
Gay for, an1 In lsgal and esonomte effect buy
tae phyMeat aetaanny OF r1Ent OF uominlon over
~ when the crsa,s or ttio represents, aud
,oLn.nE .n9s Mosc' !nc Ms9tneht onc nnuellasca
scparato a. from tao ,i.s e'nooo.ea laoor they
ato sunpoaoa 70 rnPacsentt nj ,S ne en- inc at
I :,,i raas q, oefee e. aRPsslas +
separate from an actually, on the arouud that
suGh Ute Was property becausc 40 WIS able to