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Repayments in the bank which was at the bottom of superfluous issue, equals to a dale,

Shown to all the rest. is equal to a share

Banknotes of this bank in the cumulative reference., It would be more logical to assume that

Proportion, in which banknotes will be returned in each of banks the last, thus,

Are compelled to bear on itself a part of burden of superissue, and, wish to keep they

The reserves at former level, they had to reduce scales of the own Issues. As to bank-ekspansionista, it can and attempt further

On another's reserves. It is improbable that banks begin to be reconciled infinitely with loss

Spheres of the influence and waste of reserves, as, finished to the Logic limit, this process, eventually, will end with their exhaustion and Actual monopoly of bank-ekspansionista. Banks, thus, will be

Are simply compelled to follow to the politician of expansion with a view of self-defence. From here

Follows that if at least one bank dares at carrying out of a similar policy, It becomes general. To find out gold leak at early stages of development

Events it will not be possible, and the arisen considerable scales of superissue, in the end

The ends, will lead extremely to a serious crisis.

The sense of the thesis the Poppy-kulloha consists that at all bank-ekspansionist

It is subordinated to the control from outside conservative banks; on the contrary, the last

Are supervised by the first. It is necessary to notice that the Poppy-kulloh thus speaks

Exclusively about a presentation the population of banknotes to repayment, that is about that

The mechanism which invariably is late. After all superissue is capable to change

Rates of exchange only after it will affect structure of the prices and Manufactures, having sown thus crisis grains. The Poppy-kulloh, thus,

Completely ignored idea of Parnella about action of the mechanism of clearing.

The poppy-kulloh has put forward one more argument against freedom of employment to the issue

Business. It has been connected not so much with probable superissue in general, how much with

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Free Business Desktop Icons Free Business Desktop Icons is a collection of 10 ready icons to be used in commercial and personal projects, including software, webpages, blogs, and presentations. The images are free for personal, frequent and commercial use.

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