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Updated: May 2, 2025
But, as a rule, such money when deposited in London, for a considerable time remains in London; and so long as it does so, it swells the aggregate balances of the body of bankers at the Bank of England. It is now in the balance of one bank, now of another, but it is always dispersed about those balances somewhere.
Yet I have often thought, that, unless we can so far free ourselves from our own prepossessions as to be capable of bringing to a work of art some freshness of sensation, and receiving from it in turn some new surprise of sympathy and admiration, some shock even, it may be, of instinctive distaste and repulsion, though we may praise or blame, weighing our pros and cons in the nicest balances, sealed by proper authority, yet we shall not criticise in the highest sense.
Primarily, of course, a clearing-house is an innocent institution occupied with adjusting balances between banks, and has no relation to the volume of the currency.
The simplest telescopes were made only about two hundred and fifty years ago, and the earlier compound microscopes at a yet later date. Accurate balances and other forms of gauges of space, as well as good means of dividing time, such as our accurate astronomical clocks and chronometers, are only about a century old.
Of course, it produced results, it kept up the standards of decency and civilization and ideals; it was a weight in the balances on the side of right and good living; the clubs kept men from the public-house to some extent, and made it possible for boys to grow up with some chance on their side.
And she went deeper. She confessed the hatefulness of those weakening timidities, those servile states of soul, by which our social machine balances the insolences and cruelties of the strong its own breeding also; she felt herself guilty because of them; the whole of life seemed to her sick, because a young man, ill at ease and cowardly in a world not his own, had told or lived a foolish lie.
The wreckage of the Great Republic of the age would have been strown upon the sands of the political seashore relics of the disregard of the checks and balances established by the wisdom of its framers, in the fundamental law and all for the satisfaction of personal ambitions and the hates of factional animosities.
As we have learned more and more of them during the last fifty years, it has become more and more evident that this one little class of microscopic plants fills a place in Nature's processes which in some respects balances that filled by the whole of the green plants.
Go back to Florence! multiply through the city the loaves you gave last night with your own hand, in the dusk, when no man saw you and you shall be saved. It is not enough that Heaven open its doors to the thief that repented and the harlot that wept. The mercy of God is infinite, and able to save even a rich man. Do this; multiply the loaves whose weight you see weighing down my balances.
"This is the interpretation of the thing. Mene God hath numbered thy kingdom and finished it; Tekel thou art weighed in the balances and found wanting; Peres thy kingdom is divided and given to the Medes and Persians."
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