They should not themselves be responsible for detail; if they do there will be two evils at once: the detail will be done badly, and the minds of those who ought to decide principal things will be distracted from those principal things.

There will be a continual worry in the bank, and in a worry bad loans are apt to be made and money is apt to be lost.
A subsidiary advantage of this organisation is that it would render the transition from private banking to joint stock banking easier, if that transition should be necessary.

The one might merge in the other as convenience suggested and as events required.

There is nothing intrusive in discussing this subject.

The organisation of the private is just like that of the joint stock banks; all the public are interested that it should be good.