And if this is to be the guiding principle, it is not consistent to exclude english

Actual crime will always be rare; but, as an uninspected manager of a great bank has the control of untold millions, sometimes we must expect to see it: the magnitude of the temptation will occasionally prevail over the feebleness of human nature.

│ │1901–02 │ 18,500,000 │ 15·987 │ 16·125 │ 15·875 │ ·250 │ │1902–03 │ 18,500,000 │ 16·002 │ 16·156 │ 15·875 │ ·281 │ │1903–04 │ 23,900,000 │ 16·049 │ 16·156 │ 15·875 │ ·281 │ │1904–05 │ 24,400,000 │ 16·045 │ 16·156 │ 15·970 │ ·186 │ │1905–06 │ 31,600,000 │ 16·042 │ 16·156 │ 15·937 │ ·219 │ │1906–07 │ 33,400,000 │ 16·084 │ 16·1875│ 15·937 │ ·250 │ │1907–08 │ 15,300,000 │ 16·029 │ 16·1875│ 15·875 │ ·312 │ │1908–09 │ 13,900,000 │ 15·964 │ 16 │ 15·875 │ ·125 │ │1909–10 │ 27,400,000 │ 16·041 │ 16·156 │ 15.

But it has been shown over and over again, that in a panic such securities can only be realised by the help of the Bank of England–that it is only the Bank with the ultimate cash reserve which has at such moments any new money, or any power to lend and act.

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