The vow of poverty embraced an unqualified abjuration of all right to acquire or hold individual property, but granted the privilege of owning property in a corporate capacity. This privilege was, however, variously restricted by the terms of different monastic charters. The Carmelites and the Augustines were permitted to hold such an amount of real estate as would be sufficient for their support; the Dominicans were limited to the possession of personal property; while the Franciscans were not allowed to hold either real estate or personal property.
The vow of poverty assumed by the monks was adopted either from the instigations of an artful policy, to acquire wealth with the reputation of despising it, or from a conviction that poverty was a blessing and wealth an evil. If the first hypothesis is correct, the assumption of the vow was exceedingly reprehensible; if the second, it was absolutely absurd.

A condition of poverty, abstractly considered, is a matter of neither praise nor censure. It is sometimes a source of degredation; often of crime, and always of inconvenience and embarrassment. Its general tendency is to weaken in man his inborn sense of personal independence; to debase his mind with notions of fictitious inferiority; to degrade his social dignity by inducing sycophantic and obsequious habits; and to lead him to sacrifice his conscious equality to the demands of artificial rank. The incessant toil imposed by poverty on the energies of the poor obdurates their nature; and, allowing no interval for mental culture, permits nothing to interrupt or soften its tendency. The mortifying difficulties experienced by this class of society to obtain, by honest labor, a subsistence for themselves and their natural dependents, have sometimes led them to become depredators upon society, when their constitutional principles, unwarped by indigence, would have secured their obedience to law and their labors for the public good. Graces have been lost in brothels, and talents extinguished on scaffolds, which, had tolerable means protected against the cravings of hunger, might have added lustre to the female character, and heroes, statesmen and scholars to the scroll of fame. Poverty begetting despair, and despair destroying hope, the incentive to action, the powers of genius sunk into the torpidity of stupefaction, and the strength of a lion slumbered in the inactivity of a sloth. The chill which poverty breathes over the mind is as unfriendly to the unfolding of the intellectual germs, as the icy atmosphere of winter is to the fructification of vegetable seed. The poet or philosopher, hoveled in penury, without books or scientific instruments, with spare meals and gloomy forebodings, never creates his brightest gem, nor solves his profoundest problem. However sweetly Burns may sing or Otway melt, or however importantly other sons of indigence may have contributed to the augmentation of the volume of science and literature, yet the world has never heard their sweetest song, nor read their brightest period; for the groan of penury has marred the harmony of the one, and the tear of want has dimmed the lustre of the other.






