But their real constitution is not known.

No customer and no shareholder knows the names of the managing committee, perhaps, in any of these large banks.

And this is a grave error.

A large depositor ought to be able to ascertain who really are the persons that dispose of his money; and still more a large shareholder ought not to rest till he knows who it is that makes engagements on his behalf, and who it is that may ruin him if they choose.

The committee ought to be composed of quiet men of business, who can be ascertained by inquiry to be of high character and well-judging mind.