In the beginning, that is to say in the beginnings out of which this modern era of the Western civilisation has arisen, with its scheme of law and custom, there grew into the scheme of law and custom, by settled usage, a right of ownership and of contract in disposal of ownership,--which may or may not have been a salutary institutional arrangement on the whole, under the circumstances of the early days. With the later growth of handicraft and the petty trade in Western Europe this right of ownership and contract came to be insisted on, standardised under legal specifications, and secured against molestation by the governmental interests; more particularly and scrupulously among those peoples that have taken the lead in working out that system of free or popular institutions that marks the modern civilised nations. So it has come to be embodied in the common law of the modern world as an inviolable natural right. It has all the prescriptive force of legally authenticated immemorial custom. Under the system of handicraft and petty trade this right of property and free contract served the interest of the common man, at least in much of its incidence, and acted in its degree to shelter industrious and economical persons from hardship and indignity at the hands of their betters. There seems reason to believe, as is commonly believed, that so long as that relatively direct and simple scheme of industry and trade lasted, the right of ownership and contract was a salutary custom, in its bearing on the fortunes of the common man. It appears also, on the whole, to have been favorable to the fuller development of the handicraft technology, as well as to its eventual outgrowth into the new line of technological expedients and contrivances that presently gave rise to the machine industry and the large-scale business enterprise.