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