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The cardinal maxim is, that any aid to a present bad Bank is the surest mode of preventing the establishment of a future good Bank.
Walter Bagehot
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Walter Bagehot
Age: 51 †
Born: 1826
Born: February 3
Died: 1877
Died: March 24
Businessperson
Economist
Engineer
Journalist
Political Scientist
Politician
Sociologist
Langport
Somerset
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Present
Surest
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Bank
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Cardinals
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But of all nations in the world the English are perhaps the least a nation of pure philosophers.
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We think of Euclid as of fine ice we admire Newton as we admire the peak of Teneriffe. Even the intensest labors, the most remote triumphs of the abstract intellect, seem to carry us into a region different from our own-to be in a terra incognita of pure reasoning, to cast a chill on human glory.
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In my youth I hoped to do great things now I shall be satisfied to get through without scandal.
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We see but one aspect of our neighbor, as we see but one side of the moon in either case there is also a dark half, which is unknown to us. We all come down to dinner, but each has a room to himself.
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The best history is but like the art of Rembrandt it casts a vivid light on certain selected causes, on those which were best and greatest it leaves all the rest in shadow and unseen.
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What impresses men is not mind, but the result of mind.
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No great work has ever been produced except after a long interval of still and musing meditation.
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A constitutional statesman is in general a man of common opinions and uncommon abilities.
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One cannot make men good by Act of Parliament.
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The characteristic merit of the English constitutions is, that its dignified parts are very complicated and somewhat imposing, very old and rather venerable, while its efficient part, at least when in great and critical action, is decidedly simple and modern.
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The Sovereign has, under a constitutional monarchy such as ours, three rights - the right to be consulted, the right to encourage, the right to warn. And a king of great sense and sagacity would want no others.
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No man has come so near our definition of a constitutional statesman - the powers of a first-rate man and the creed of a second-rate man.
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Nations touch at their summits.
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Dullness in matters of government is a good sign, and not a bad one - in particular, dullness in parliamentary government is a test of its excellence, an indication of its success.
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The real essence of work is concentrated energy.
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The purse strings tie us to our kind.
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