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It would appear in regular intervals distributed on all bank system. Those Complexities, on which Zhjuglar has paid attention as to a priority problem, Were faster decided, rather than real, and in no way they were not
The sufficient reason of existence of the institutes allocated with such privileges
And such exclusive position, as Bank of France. It in practice was
The supporter of the mixed system in which the issue rights would be given
To competing banks but in which, at the same time, would exist and possessing
Control functions the central bank. All it should look as
Something an average between free bank business in the pure state and system with
The unique exclusive monopoly which was fashionable in France of those
What communication between school of supporters of free bank business and
Bank school on the one hand, and also between adherents
The centralised bank system and monetary school with another? Naturally
To assume that in both cases this communication is rather close. That
The majority of supporters of freedom simultaneously were also adherents
The bank school denying possibility of superissue of banknotes until
Their convertibility in gold was supported, it was especially appreciable in France.
- , Horn, the Kursel-outer entrance hall, the Cook and Manneken were among the most convinced
Theorists of bank school. It made an exception. It was
The representative of the most conservative wing of monetary school, not simply
Leaving for the established limits, it should be provided completely with gold, and
Supported freedom of bank business only owing to enough strange argument,
Resulted by us earlier and saying that such system in itself
Would destroy bank issue.
Accordingly, belief in postulates of school of the centralised bank system
It was usually accompanied also by support of principles of monetary school. An exception here
Made to the Purchase which did not accept an establishment of any limits
Bank of issue.
Simultaneously with it among opponents of the unlimited issue rights of Bank
France discussion about relative advantages of fixation inflamed
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