What is property? "Property is a thing or things subject to ownership; anything that may be exclusively possessed and enjoyed; chattels, lands, possessions." Gold, gold certificates, silver, silver certificates, United States notes, checks, drafts, promissory notes are all certainly within this definition.
H.D. MacLeod, the highest authority I know of on banking economics, says: "Property, therefore, in its true sense, means solely a right, interest or ownership, and consequently to call goods or material things property is as great an absurdity as to call them right, interest or ownership.
"To call goods themselves property is, comparatively speaking, a modern corruption, and we cannot say when it began."
Therefore, property is primarily and essentially the very things with which banking is solely concerned.
Will anyone deny that gold is property? Remember that when gold is shipped in large quantities, it is by weight and not by count.
Will anyone deny that gold certificates are property?
Will anyone deny that silver is property?
Will anyone deny that silver certificates are property?
Will anyone deny that United States notes are property?
Will anyone deny that promissory notes are property?