Though Bagehot never doubted the wisdom of his own decision to give up
the law for the life of commerce, he thoroughly enjoyed his legal studies
in his friend the late Mr. Justice Quain’s chambers, and in those of the
present Vice-Chancellor Sir Charles Hall, and he learnt there a good deal
that was of great use to him in later life. Moreover, in spite of his
large capacity for finance and commerce, there were small difficulties in
Bagehot’s way as a banker and merchant which he felt somewhat keenly. He
was always absent-minded about _minutiæ_. For instance, to the last, he
could not correct a proof well, and was sure to leave a number of small
inaccuracies, harshnesses, and slipshodnesses in style, uncorrected.
He declared at one time that he was wholly unable to ‘add up,’ and in
his mathematical exercises in college he had habitually been inaccurate
in trifles. I remember Professor Malden, on returning one of his Greek
exercises, saying to him, with that curiously precise and emphatic
articulation which made every remark of his go so much farther than
that of our other lecturers, ‘Mr. Bagehot, you wage an internecine war
with your aspirates’—not meaning, of course, that he ever left them out
in pronunciation, but that he neglected to put them in in his written
Greek. And to the last, even in his printed Greek quotations, the slips
of this kind were always numerous. This habitual difficulty—due, I
believe, to a preoccupied imagination—in attending to small details, made
a banker’s duties seem irksome and formidable to him at first; and even
to the last, in his most effective financial papers, he would generally
get some one else to look after the precise figures for him. But in
spite of all this, and in spite of a real attraction for the study of
law, he was sure that his head would not stand the hot Courts and heavy
wigs which make the hot Courts hotter, or the night-work of a thriving
barrister in case of success; and he was certainly quite right. Indeed,
had he chosen the Bar, he would have had no leisure for those two or
three remarkable books which have made his reputation,—books which have
been already translated into all the literary and some of the unliterary
languages of Europe, and two of which are, I believe, used as text-books
in some of the American Colleges.[12] Moreover, in all probability,
his life would have been much shorter into the bargain. Soon after his
return from Paris he devoted himself in earnest to banking and commerce,
and also began that series of articles, first for the _Prospective_ and
then for the _National Review_ (which latter periodical he edited in
conjunction with me for several years), the most striking of which he
republished in 1858, under the awkward and almost forbidding title of
‘Estimates of some Englishmen and Scotchmen’—a book which never attracted
the attention it deserved, and which has been long out of print. In
republishing most of these essays as I am now doing,—and a later volume
Public-domain text, read in full here on John Shaqi.
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