But a further analysis will, as I believe, show that this conclusion is entirely false; that the bankers' deposits are a singularly treacherous form of liability; that the utmost caution ought to be used in dealing with them; that, as a rule, a less proportion of them ought to be lent than of ordinary deposits.
The easiest mode of explaining anything is, usually, to exemplify it by a single actual case.

And in this subject, fortunately, there is a most conspicuous case near at hand.

The German Government has lately taken large sums in bullion from this country, in part from the Bank of England, and in part not, according as it chose.

It was in the main well advised, and considerate in its action; and did not take nearly as much from the Bank as it might, or as would have been dangerous.

Still it took large sums from the Bank; and it might easily have taken more.