But no such plan would answer in England.

We have not been trained to care for logical sequence in our institutions, or rather we have been trained not to care for it.

And the practical result for which we do care would in this case be bad.

The governor of the Bank would be a high Parliamentary official, perhaps in the Cabinet, and would change as chance majorities and the strength of parties decide.

A trade peculiarly requiring consistency and special attainment would be managed by a shifting and untrained ruler.