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Are inadequate to demand. On the other hand, the volume of issue of Bank has already come nearer to
To the new top border, and the Bank, thus, has risen before a dilemma: or
To ask about the further increase in the top limit of issue, or to return to
To the old charter according to which the Bank has been obliged to repay the
Banknotes, the compulsory course would be excellent, but any restrictions on volume
Cumulative issue of Bank would lose the force. Only on reaching
Arrangements with exchequer concerning reduction of the credit
Obligations the Bank felt in sufficient safety, that
To return to former usages that, eventually, and it has been made in August
We have tracked, as France left political crisis of 1848 with completely
The centralised, exclusive bank system and one bank of issue.
Development of industrial revolution in France after 1850 rather distinctly
Has found out an acute shortage of credit institutions, and not only in a province,
But also in the Paris. There, where there were no the institutes intended for
Maintenance of the paper reference, accordingly there was no also a depositary
Bank business. Contrast with England, where the provincial was especially strong
Bankers with their knowledge of a local life and communications, at all without rendering any
Additional services, at least, have accustomed the cautious provincial to
To bank way of life. The Kursel-outer entrance hall especially underlined practically
Total absence in rural areas of France of any possibility
To borrow or lend, except as through the local notary. More
That, he also noticed "La Banque Libre", 1867 that the most part of year in
The order of farmers there were staying idle rests of a cash, as they
Received a gain for the crop sold by them and production stocks once in
Certain season, and expenses bore on much more regular
To basis and in a current concerning a long time interval. These rests
Could be deposited with local banks if the such existed, and
Are used for delivery of short-term loans. In a reality the rests simply
Were saved, and the savings saved up thus lay without business.
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