The government assumes complete charge of a job, and pushes it to a successful or unsuccessful conclusion, according to the extent with which its tradition or organization enables it to perform efficient work.

Moreover, there is a certain kind of official supervision of a private business which does not bring with it any divided responsibility.

Perhaps the best illustration thereof is the regulation to which the national banks are obliged to submit.

In this case the bank examiners and the Controller do not interfere in the management of the bank, except when the management is violating certain conditions of safe banking--which have been carefully defined in the statute.

So long as the banks obey the law, they need have no fear of the Treasury Department.