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Private bank, and by that monopoly of Royal Bank in depositary and Issue spheres has been broken. Kassenferajn were these banks Berlin
(Berlin Kassenverein) and Pommershe Privatbank (Pommersche Privatbank) in Stettin
(Stettin). At the moment of its establishment the royal has been rendered the Last
The help, subsequently in some cases it got support and from outside
However this stage of relative freedom has come to an end in 1833, when in
To the politician there was a turn on 180 degrees. Left then the law has put
Issue of all banknotes to bearer in dependence on the permission
The governments. It is necessary to notice that this law, actually appeared an interdiction,
Has been called by not so much interests of exclusive Royal Bank,
How much aspiration to clear away road for the reference of the state paper
Money which, for the first time having appeared during Napoleonic Wars, now should
Were to expand sphere of the influence. Even the Royal Bank has been switched on in
The prohibitive list, and, thus, all three banks of issue of Prussia
Have been compelled to stop release of the banknotes. This growth of restrictions on
Banking has actually coincided with the moment, when as a result of changes in
Industrial technology has already started to become ripe extreme force demand explosion on
Simultaneously with it banks began to appear in a number of other German
The states, however in all cases of the politician was restrictive. In Bavaria
Bank of the Mortgage and Calculations (Mortgage and Exchange Bank), based in 1835
Has begun the history in 1780, It was the first bank of issue founded in Bavaria, issue activity not engaged, though Royal Bank
Nuremberg (Royal Bank of Numberg), has received monopoly for issue activity,
This time not as a result of aspiration to provide a priority for banknotes
The governments, and because of fears that
The competition in issue sphere can appear dangerous; accordingly, fear
Before too great volume of issue has led to an establishment top it
Limit. The sense of the instruction on which banks should is less clear
To direct, at least, the three fifth funds to ground loans.
To the Leipzig Bank of Saxony (Leipzig Bank of Saxony), founded in 1838,
It has not been given any exclusive privileges, while
Restrictions for it have appeared so rigid. Instead of a maximum level
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