... plainly and practically applies to England, inconsequence of her habitual use of borrowed capital. As has been explained, a new man, with a small capital of his own and a large borrowed capital, ... danger. They are liable to lose them if the bank fail. Asall other bankers keep their banking reserve at the Bank of England, they are liable to fail if it fails. They aredependent on the management ... Nine-tenths of English statesmen, if they were asked as to the management of the Banking Department of the Bank of England, would reply that it was no business of theirs or of Parliament at all; that the...