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banques: Banque de France, Banque de Savoie ", 1863; it has been established later,
What is the lampoon have been written by brothers of Perejr (Pereire)] concerning Bank business
- , and also the undertaken attacks to Bank of France. [See also Gustave
Marqfoy, "La Banque de France dans ses rapports avec le credit et la
circulation ", 1862. In this job it has been declared that in the Bank duty
France deduction of the prices for credits at invariable level enters by
Counteractions to any tendencies of growth of the market rate of percent for the bill
Changes of the credit policy.] by 1864 discussion has reached the peak.
Counterattack on lampoons and in general on conversations on pluralism, let even
In its truncated kind, it has been open by Victor Bonne (Victor Bonnet) ["La Liberte
des ftinques d ' Emission et le Taux de FInteret "in La Revue des Deux Mondes,
Tome XLIX for January, 1st, 1864]. Having considered old system of regional banks, it
Has come to a conclusion that in a situation of set of banks of a banknote of each of them not
Leave limits of some district. Everyone who wishes to make payment in
Other province, should address to banknotes of local bank that is interfaced
With the same problems which arise at foreign currency purchase
For foreign payments. Advantage of the unique emitter, thus,
Consists in that all these problems can be avoided, as a banknote
This emitter are accepted everywhere. This circumstance of Bonne
Has explained that fact that from the moment of liquidation of regional banks readiness of people
To accept banknotes has essentially increased, and the cumulative reference - has extended
In considerable scales. However, this argument against pluralistic system
Has been in practice deprived any sense as ignored that fact that on
To the law regional banks have been deprived any normal mechanisms of interchange
Banknotes. It has reproduced also the argument used in England after
Crisis of 1825: if there are some banks, position of each of them
Depends on position of another and if the panic in relation to one begins of
Them, it to some extent will mention also the others; if there is one
Bank, as Bank of France it has much bigger trust from outside
Societies that allows to avoid a panic and to make stabler
Functioning of all credit system.
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