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Percent deduction on a low level with. 127 - 128, in the same place. In this connection in
Quality of alternative of Obri also suggested to address during crisis times to
To shareholders with an appeal to provide the additional capital, and to return them it
Back, when the need in him will disappear with. 172 - 173, in the same place.
- at all was not the supporter of freedom of occurrence in issue
Business with. 6, in the same place. It limited the requirements to establishment only one
Institute which would compete to Bank of France, and, thus, would result
To replacement of monopoly of the last on it in the same place, with. 115.
- wished to save monopoly, and, seemingly, that the reason of this desire was
Only belief in the royal privilege on stamping of coins with. 55, in the same place, and
Means, and on issue of banknotes. According to Obri, this position was one of
Basic axioms of political economy. The little later Eten Djuran
(Etienne Duran) "Encore la Question des Banques", 1865 underlined that
The exclusive right of the royalty to issue of paper money
Has led to that many countries have faced the catastrophic
Consequences of this issue. Thus, a monstrous error was to reproach
The theory of free bank business in miscalculations, the unique reason
Which there was an existence of the royal privilege.
The thought on a free banking associated in heads of many people with
Situation in which each passer became the emitter of banknotes. Complexities
References of banknotes of uncountable banks seemed them unsoluble, but quite
Probable danger was represented that it will be possible to unfair firms
To use a huge variety of banknotes, and people will be practically
Are deprived possibility to supervise quality of all banknotes which they are compelled
To accept. Similar arguments in favour of uniformity of bank issue
Were used by those from supporters of restrictions who have not managed to depart from
Purely political reasonings on the royal privilege. So, for example, Adolf
- 'it (Adolphe d'Eichtal) 1864, "De la Monnaie de Papier et des Banques
d'Emission " said that the state interferes with bank sphere with
To provide guarantees for the population, as possibilities of the holder
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