Publisher's Synopsis
Excerpt from Banking as a Public Service
My main purpose in addressing you is to urge - not merely because modern democracy is sure to demand it but because from any point of consideration it is the wisest course - that we bankers in the study of whatever reforms are necessary in the respective systems under which we work, think of our business as a more or less public service for the conduct of which we are somewhat responsible to the community in which we live as well as to our share holders. Oddly enough while I was preparing this paper I found the following from the introduction by Prof. Foxwell to the English edition of Prof. Andreades' History of the Bank of England. Prof. Foxwell had in mind banks of national importance, but the text will apply in some sense to all of us and with it I will close.
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