Perhaps the best exposition of the principles upon which these brothers conducted their commercial operations is found in the following letter from the elder to the younger, written on the 11th of March, 1815, upon the occasion of a visit to England by the latter on business for the firm:
My Dear Brother—I have thought best, before you go abroad, to suggest a few hints for your benefit in your intercourse with the people among whom you are going. As a first and leading principle, let every transaction be of that pure and honest character that you would not be ashamed to have appear before the whole world as clearly as to yourself. In addition to the advantages arising from an honest course of conduct with your fellow-men, there is the satisfaction of reflecting within yourself that you have endeavored to do your duty; and however greatly the best may fall short of doing all they ought, they will be sure not to do more than their principles enjoin.
It is, therefore, of the highest consequence that you should not only cultivate correct principles, but that you should place your standard of action so high as to require great vigilance in living up to it.
In regard to your business transactions, let every thing be so registered in your books, that any person, without difficulty, can understand the whole of your concerns. You may be cut off in the midst of your pursuits, and it is of no small consequence that your temporal affairs should always be so arranged that you may be in readiness.
If it is important that you should be well prepared in this point of view, how much more important is it that you should be prepared in that which relates to eternity!
You are young, and the course of life seems open, and pleasant prospects greet your ardent hopes; but you must remember that the race is not