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By means of own subscription increased the bank capital in 10 times and received
Dominating influence in concern. The bank of France has been rather disturbed
Prospect of acquisition of the competitor in the name of Bank Sava, especially in the light of
That some lines of its business said that the competitor it will be
The worthy. The bank paid in Sava to investors percent on deposits, let out
Banknotes face value to 20 francs also accepted papers with two signatures, in that
Time as the Bank of France of percent on contributions did not pay, still did not let out
Banknotes face value less than 100 francs Bank
Has acquired the right to issue 50-frankovk bills; in practice it for the first time
Has used this right only in 1864, during time of history round Bank
Sava, at charter-party revision in 1857 also considered only the papers fastened by three signatures. Bank of France
Has put forward the protest about infringement of treaty obligations about maintenance
The government of privileges of Bank; besides, he has secured with the letter of the Minister
The finance in which the disapproval was expressed by the agreement government between
Brothers of Perejr and Bank Sava, and then has entered negotiations with the last, in
Which result that has agreed to withdraw the claims for the issue
Activity in exchange for indemnification payment.
This episode, together with increase in a discount rate to 8 % in 1864, has involved
Attention to a question of the theory of the monetary market, till that time not using
Special popularity. Purpose special became an immediate consequence
The commissions, called to understand with a policy of Bank of France. Isaak Perejr
Has published a lampoon in which demanded carrying out of such investigation, and
The emperor has received the petition signed by 300 Parisian businessmen, also
Demanding investigation on the basis of that fact that increase Bank
To France of a discount rate led to periodic return of a crisis situation.
At last, and the Bank has suggested to consider these requirements so that
To explain the position while the challenge has been thrown down to it.
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