[Lombard Street: A Description of the Money Market by Walter Bagehot]@TWC D-Link bookLombard Street: A Description of the Money Market CHAPTER VIII 37/46
Important business can only be sufficiently discussed by persons who can say very much what they like very much as they like to one another.
The thought of the speaker should come out as it was in his mind, and not be hidden in respectful expressions or enfeebled by affected doubt.
What is wanted at the Bank is not a new clerk to the directors--they have excellent clerks of great experience now--but a permanent equal to the directors, who shall be able to discuss on equal terms with them the business of the Bank, and have this advantage over them in discussion, that he has no other business than that of the Bank to think of. The formal duties of such a permanent officer could only be defined by some one conversant with the business of the Bank, and could scarcely be intelligibly discussed before the public.
Nor are the precise duties of the least importance.
Such an officer, if sound, able, and industrious, would soon rule the affairs of the Bank.
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