The present administration of the Bank is an attempt to manage a great, a growing, and a permanently continuous business without an adequate permanent element, and a competent connecting link.
In answer, it may be said that the duties which press on the Governor and Deputy-Governor of the Bank are not so great or so urgent as those which press upon the heads of official departments.
And perhaps, in point of mere labour, the Governor of the Bank has the advantage.

Banking never ought to be an exceedingly laborious trade.

There must be a great want of system and a great deficiency in skilled assistance if extreme labour is thrown upon the chief.
But in importance, the functions of the head of the Bank rank as high as those of any department.

The cash reserve of the country is as precious a deposit as any set of men can have the care of.

And the difficulty of dealing with a panic (as the administration of the Bank is forced to deal with it) is perhaps a more formidable instant difficulty than presses upon any single minister.