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One or two once a week, and in relations with public the principle was established

Opennesses. Existence of similar rules was considered by Wagner as the phenomenon, quite Compatible to idea of absolute "Bankfrajhajta". As to other rules, Often joining in the bank legislation, for example, the control for Activity of banks, fixings of proportions of issue in relation to the sizes The banking capital or fastening of certain forms of maintenance of bills,

That their Wagner considered incompatible with principles of absolute "Bankfrajhajta".

However if full freedom not to take too literally, it was possible and To agree on some of these rules.

As well as Mihaelis, Wagner did a special emphasis on necessity of fast liquidation

Insolvent banks. If the banknote shown to repayment could not

To be paid at the main office of the bank which has given out it or in its branches and

Branches on places and during a short interval of time (for example, three days,

As Wagner offered) the bank still was able not pay on the

To obligations, any creditor of this bank should have the right to address in

Court with the requirement about its liquidation. The unique justification for bank could

To serve only force-majeur circumstances, as, for example, foreign aggression

In the same place, with. 634. Wagner minded to Mihaelisu in a question on what of types reserve The requirements shown to bank issue, it is better - continental, it German ("Dritteldekung" - "Dritteldeckung", or metal Maintenance at a rate of one third of issue), or the system Drank (the fixed

Wagner preferred "Dritteldekung". Even recognising that a choice of value for

This specification (one third) it is absolutely any, he nevertheless considered such

The approach much less rigid, rather than system the Saw or the American system

Depositions of bonds.

Speaking about experience which Germany has taken from events the 1866 which have forced

Of many to pay attention to advantages of system of the central bank and To agree with arguments of its supporters, Wagner recognised that such Advantages have really been shown. Nevertheless, he considered, What is the advantages not so necessarily are advantages Exclusively exclusive and exclusive central bank. Not only Prussian Bank, but also close to it on scales banks, such as banks Frankfurt, Leipzig and Bremen, and also smaller central banks, or,

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