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To intervention, but already as Minister of Finance, in 1848 have been given out
Concessions on opening of private banks of issue, and also the royal is received
The consent to establishment Shaffenhauzenshen Bankferajn as joint-stock company.
It some years later has based Diskonto-Gesselshaft.]
In smaller states very many banks of issue have been opened, and
Their banknotes have soon begun the reference in borders of Prussia and Saxony.
In these states banknotes small were released in comparison with
Papers of Prussian Bank of face value, and the government of Prussia has tried
To supersede them from territory of the country, having forbidden realisation of payments in banknotes
Other states for the sum less than 10 thalers. Saxony, Bavaria and Wurtemberg
Have followed to the same practice, however these laws had no effect,
As banks against which their action has been directed, have simply replaced
The banknotes face value in 1 thaler banknotes in 10 thalers.
The Prussian government has understood that the unique logic decision it
Problems there was an increase in issue in Prussia. It was possible to make it one
Their two alternative ways. Change of the legislation was one of them,
Regulating establishment of private banks, and another - centralisation
Bank system with transfer of the unlimited issue rights Prussian
Eventually, the compromise has been accepted. The government has given
The unlimited issue rights to Prussian Bank also has resolved to it release
Banknotes of low face value in exchange for carrying out of financial operation, which
The government regarded as rather favourable to itself, namely - switching
(Exchange) of half of all weight of the state paper money for the percentage
Further, some concessions have been made and in favour of private banks of issue.
Four more of them have obtained the permit to establishment, and abreast positions
The specification-bedingungena changes which have allowed private banks have been made
To consider promissory notes with two signatures, to open the
Representations to let out banknotes of small face value, and also to accept
Percentage contributions. Last concession concerning percentage deposits
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