Yet, after all, self-interest rightly understood and regard for the interests of others, with an honest wish for their welfare, are not feelings mutually exclusive.

There is high authority for saying that "serving the Lord" is not incompatible with "diligence in business." It is quite possible to lay too much stress on the necessity for definite and formal sanctions to enforce agreements.

There are cases in which the enforcement of a definite penalty for a wrongful act or for breach of an agreement is very difficult, but in which the "sense of moral obligation," "respect for public opinion," and "reliance on principles of mutual consent" do regularly operate so strongly that the rules of conduct laid down are in fact observed.

On the Manchester Exchange thousands of agreements involving millions of money are made, the breach of which could not be made the ground of a successful action at law.

The number of cases of repudiation of such agreements is almost negligible.