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[See Political Economy Club: Minutes of Proceedings ", Vol. VI, February 6th,
1826 (p. 39)] to discussion of a question on, whether "it is impossible to provide the reliable
Currency by granting to bank business of absolute freedom
From any intervention from outside a legislature ". Subsequently
The same question in this or that kind rose yet once. [In the same place, May
4th, 1829 (the river 33); January 13th, 1831 (p. 220 - 221); March 1st 1832 (the river
231 - 232); May 3rd, 1832 (the river 39).] Parnell persistently defended the thesis that
The right to issue of banknotes should not be monopoly of Bank of England and that as
London, and provincial banks should have an easy approach to
Issue activity. However three from among most outstanding researchers
That time - Tuk, J. U.Norman (G. W. Norman) and a poppy-kulloh (MacCulloch) -
Rejected this point of view.
- defended idea of free bank business in a lampoon,
Written to 1827 ["Observations on Paper Money, Banking and Overtrading,
including those pans of the evidence taken before the Committee of the House
of Commons which explained the Scotch System of Banking. "] Performances
The Scottish bankers before the House of Commons in 1826 [Committee of the House of
Commons on Scotch Banking] have drawn attention of Parnella to existing in this
And payments of a net debt of banknotes resulting it. Such
Practice, considered Parnell, had paramount value for the free
Bank system also was extremely a control effective remedy over
In issue volume. He asserted that in the conditions of freedom any bank
It is interested not only in deduction in certain borders of the own
Issues, but also and in use of the power available for it for prevention
Excessive inflating of the reference by papers of any other bank [in the same place,
With. 86 - 87]. Daily banks receive from the clients of a banknote of other banks,
In the form of deposits or through return of credits; thus any bank has not wanted
Again to put in circulation another's banknotes to the detriment of own, and has preferred
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