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As them it would be possible to name, the central banks of the second order, in a heat
Crisis supported to firms with sound reputation in the same place, with. 357.
Partial renunciation of Wagner's ideas, once the were
Uncompromising adherent Bankfrajhajta, has marked the end of the active
Oppositions to the centralised bank system in Germany.
The chapter X. Discussion in England during the period after 1848
Our description of how sights at advantages and lacks varied in England
Free bank system in comparison with the monopolised system
Issue activity, has ended at jobs of James Vilsona,
Published in the late forties the last century. Since 1844, and can
To be and earlier, the unique question of the practical plan in England was formulated
As follows: whether it is necessary to impose restrictions on the size of issue in
Conditions of the centralised bank system? Actually a choice problem
Between free and exclusive issue activity it was discussed
Extremely seldom. Nevertheless, the discussion which has inflamed on this question among
Experts of continental Europe in the field of economy and the finance, could not
To remain completely not noticed by their English contemporaries.
The English economic literature of 50th years shows almost full
Neglect a problem of bank freedom. Links to this problem extremely
Are rare, and hardly probable it is possible to name something else, except pair the jobs devoted to it.
One of these jobs is the book of the professor of one of Irish
R.H.Millsa's universities (R. H. Mills), whose course of lectures devoted
To bank sphere, has been published by the separate edition 1857, Banking " and "The Principles of
Currency. It, in particular, told the following:" the mad
Scales of expansion and the counteraction of paper money are an inevitable consequence
The system having till now numerous supporters and which only recently
Was it is taken under the control... The system supposing existence in the country
Great number of banks of issue "in the same place, with. 70. To prove it
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