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The management of investigation was carried out by the High council Agricultural
And Industrial Commerce (Conceil Superieur du Commerce de l "Agriculture et de
l "Industrie). Discussion has opened in February, 1865, having lasted till June 1866
When the initial enthusiasm already has appreciably died away. In a course
Discussions rose mainly two problems: first, whether was new
The policy of Bank consisting in increase of discount rates at the time of deficiency,
More preferably, than former, based on maintenance of the invariable rate
Percent, and whether, secondly, there was an existence of unique bank of issue
More preferably, than plural system of competing banks. In quality
Arguments of the party used certificates from almost all sources,
Though in some measure recognised competent of the given sphere. Results
Discussions have revealed a verdict of the majority in favour of Bank of France on both
This moment also can serve as a mark about the discussion termination in that measure, in
What it influenced bank practice; however in the academic
To environment discussion proceeded some more years until in the beginning 70
Years it has not appeared the superseded so-called bimetallic problem. On
To strange coincidence of circumstances, Kredi Mobile, the main author of charge,
Put forward against Bank of France, almost during the moment of that justification
It has appeared in rather difficult situation and only a year has been liquidated later.
Simultaneously how France consolidated centralised system,
Similar tendencies were observed and in the countries next to it. In Holland
The debate which has taken place in 1863 concerning the offer on replacement of monopoly of Bank
The Netherlands free trade in issue sphere have terminated in acceptance
Decisions in favour of monopoly preservation. In Italy centralisation strengthening
Issue business occurred in parallel to political association of the country.
The chapter V. The organisation of bank business in America: decentralisation in
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