Complex sentence: Miller began his work as governor with great soundness and caution, it was essential that the public should have complete faith in the new venture, and he was careful to avoid competition with the established banks which might be considered unfair.
Split into simpler sentences: Miller began his work as governor with great soundness and caution. It was essential that the public should have complete faith in the new venture, and he was careful to avoid competition with the established banks which might be considered unfair.