A trustee is held to something stricter than the morals of the market place. Not honesty alone, but the punctilio of an honor the most sensitive, is then the standard of behavior.
Interpretation
A trustee's ethical standards must exceed mere business honesty, incorporating high moral sensitivities.
This quote emphasizes that a trustee, or someone who is responsible for managing another's assets or interests, should uphold an ethical standard that is more refined and stringent than general market ethics. It suggests that honesty is not sufficient; instead, a trustee should adhere to the highest degree of honor and sensitivity in their conduct, reflecting a deeper moral obligation to those they serve.
In practice
During a legal seminar on fiduciary responsibilities.
Lawsuits are rare and catastrophic experiences for the vast majority of men, and even when the catastrophe ensues, the controversy relates most often not to the law, but to the facts. In countless litigations, the law Is so clear that judges have no discretion.
History or custom or social utility or some compelling sense of justice or sometimes perhaps a semi-intuitive apprehension of the pervading spirit of our law must come to the rescue of the anxious judge and tell him where to go.
The Constitution overrides a statute, but a statute, if consistent with the Constitution, overrides the law of judges. In this sense, judge-made law is secondary and subordinate to the law that is made by legislators.
There comes not seldom a crisis in the life of men, of nations, and of worlds, when the old forms seem ready to decay, and the old rules of action have lost their binding force. The evils of existing systems obscure the blessings that attend them, and, where reform is needed, the cry is raised for subversion.
Law never is, but is always about to be.
The judge is not the knight-errant, roaming at will in pursuit of his own ideal of beauty or of goodness.
Man is a part of the world, and his spirit is part of the spirit of the world. We are merely a peculiar mode of Being, a living atom within it, or, rather, a cell that, if sufficiently open to itself and its own mystery, can also experience the mystery, the will, the pain, and the hope of the world.
What you hear depends on how you focus your ear. We're not talking about inventing a new language, but rather inventing new perceptions of existing languages.
Memory is the scribe of the soul.
Temperance is simply a disposition of the mind which binds the passion.
I reject any religious doctrine that does not appeal to reason and is in conflict with morality.
What we call our data are really our own constructions of other people’s constructions of what they and their compatriots are up to.
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