An example, or rather a series of examples, which may be instructive for too optimistic a management, may be found in the treatment of real estate by banks and trust companies throughout the country, which for the most part do not show their real estate assets at any figure above cost, and, owing to liberal allowances for depreciation, frequently show them below cost.

The policy proper to a bank may differ, of course, from that of the ordinary business firm, but it is only natural for a banker from whom a concern borrows, to apply with more or less stringency the rule that "what is sauce for the goose, is sauce for the gander."