Such persons will have always seen business transacted a good deal despotically; they will have learnt the value of prompt decision and of consistent policy; they will have often seen that business is best managed when those who are conducting it could scarcely justify the course they are pursuing by distinct argument which others could understand.

All 'city' people make their money by investments, for which there are often good argumentative reasons; but they would hardly ever be able, if required before a Parliamentary committee, to state those reasons.

They have become used to act on them without distinctly analysing them, and, in a monarchical way, with continued success only as a test of their goodness.

Naturally such persons, when proceeding to form a company, make it upon the model of that which they have been used to see successful.

They provide for the executive first and above all things.