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Operations when their time has not come yet, - when yet have not ripened the trading
Conditions for similar activity. Accordingly, their successes, at least,
In a field of bill issue, have appeared rather modest. The first in the whole
The Berlin Royal Bank became successfully functioning bank of issue
-- The state bank based by Fridrihom Great. In 1765 Fridrih was
Not in a status to find the private capital; if it was possible to it, it has based
Private joint-stock bank. it is doubtful, what even this bank would appear
So successful those years, not be at its order of some deposits,
Fixed to it under the law charitable to the organisation, also means
Courts and namely trustee money, also do not belong to it management
Exchequer means. Having begun the activity as exclusive
The institute which was under fatherlike guardianship of the state and having with it close
Communications, the Bank remained that on all extent of the history. For the first time it
It was showed during Napoleonic Wars, when Bank from the government sanction
Has suspended monetary payments. Difficulties of bank spoke first of all
In scales of the loans given by it to the Prussian government; subsequently
It was aggravated with the losses suffered by Prussia as a result of the Tilsit World,
On which the country together with a number of the Polish territories has lost also the considerable
Parts of deposits under the mortgages, invested there bank. These actives
Have appeared completely lost for bank. It left war with enormous
By deficiency and upon termination of operations has been reorganised taking into account the military man
Experience, becoming nominally independent of Exchequer and the Minister of Finance;
However, its chairman, certainly, and remained state
The official accountable to the king.
Any special obstacles for creation of private banks, that lay
On a way of establishment of the joint-stock companies to any other sphere of business, in that
Time did not exist. In the twenties the last century in Prussia two have been founded
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