The business of banking ought to be simple. If it is hard it is wrong. The only securities which a banker, using money that he may be asked at short notice to repay, ought to touch, are those which are easily saleable and easily intelligible.


Lombard Street: A Description of the Money Market (ed. 1873)

Walter Bagehot Quotes

The business of banking ought to be simple. If it is hard it is wrong. The only securities which a banker, using money that he may be asked at short...

The business of banking ought to be simple. If it is hard it is wrong. The only securities which a banker, using money that he may be asked at short...

The business of banking ought to be simple. If it is hard it is wrong. The only securities which a banker, using money that he may be asked at short...

The business of banking ought to be simple. If it is hard it is wrong. The only securities which a banker, using money that he may be asked at short...