17/39 They were even preferred to the notes of the Bank of England, which at one time, in outlying country places, were looked on with distrust, a state of things which seems almost incredible to the present generation. That mutual business understanding, the credit which is the basis of all commerce of the present time, did not exist. Of course this only applies to the country and to country trading; the business men of cities were years in advance of the agriculturists in this respect. But so good was the reputation of the old Bank, even in those times, that its notes were readily accepted. It is, indeed, surprising what a reputation some of the best of the country banks have achieved. |