told, it shall, or shall not, be thus, or thus. He that takes in a
partner for a third, has a partner servant; he that takes him in for a
half, has a partner master--that is to say, a director, or preceptor:
let your partner have always a lesser interest in the business than
yourself, and be rather less acquainted with the business than yourself,
at least not better. You should rather have a partner to be instructed,
than a partner to instruct you; for he that teaches you, will always
taunt you.

3. If you must have a partner, let him always be your junior, rather
than your senior; by this I mean, your junior in business, whether he is
so in years or not. There are many reasons why the tradesman should
choose this, and particularly the same as the other of taking him in for
a junior or inferior part of the trade--that is to say, to maintain the
superiority of the business in his own hands; and this I mention, not at
all upon account of the pride or vanity of the superiority, for that is
a trifle compared to the rest; but that he may have the more authority
to inspect the conduct of his partner, in which he is so much and so
essentially concerned; and to inquire whether he is doing any thing, or
taking any measures, dangerous or prejudicial to the stock, or to the
credit of the partnership, that so if he finds any thing, he may
restrain him, and prevent in time the mischief which would otherwise be
inevitable to them both.

There are many other advantages to a tradesman who is obliged to take a
partner, by keeping in his own hands the major part of the trade, which
are too long to repeat here; such as his being always able to put a
check to any rash adventure, any launching out into bubbles and
projects, and things dangerous to the business: and this is a very
needful thing in a partnership, that one partner should be able to
correct the rash resolves of another in hazardous cases.

By this correcting of rash measures, I mean over-ruling them with
moderation and temper, for the good of the whole, and for their mutual
advantage. The Romans frequently had two generals, or consuls, to
command their armies in the field: one of which was to be a young man,
that by his vigour and sprightly forwardness he might keep up the
spirits and courage of the soldiers, encourage them to fight, and lead
them on by his example; the other an old soldier, that by his experience
in the military affairs, age, and counsels, he might a little