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Head VIII.it in France and BelgiumBy then, as disputes in England have already ceased, and the question was practically
It is closed, discussion in France has started to find only the outlines. Michel Shevale travelling across America in 1833 - 1835, was the first, who
Has paid attention to backlog of bank sphere of France, especially in comparison
With the United States. as in England, So developed, the United States. We in this respect all
Still we are in a barbarity status. "(Vol. II, "Lettres sur FAmerique du Nord"; 1836. "Still it is a lot of
Time should pass until while we will have a credit system and p. 248). Shevale were found by those
The moment when public consciousness of America more all occupied a question about
To bank system. It was the supporter of preservation of Bank Connected
States also considered that France only would win, having added to the arsenal system,
Similar to a network of Bank of the United States, switching on twenty five its branches
the Letter IV, In the same place.
Statements of Shevale about backwardness of bank sphere in France were echoed also by Keri,
Described beneficial influence of a free competition. The representative Opposite opinion on freedom consequences Kondi Pare was in France.
The translator of its book the book has been translated into French L.Lemetrom (L.
Lemaitre) in 1840 under the name "Traite des banques et de la circulation"
Has involved it as the certificate of bitter fruits of a competition in a banking and
The superiority of restrictive systems like the French.
All attempts to offer an explanation of expediency of monopoly for bank issue
Were anyhow reduced to instructions on the state exclusive right To print money. Such approach, in particular, has been shown Tseshkovsky (Cieszkowski) in its book 1839, "Du Credit et de la Circulation", like
The devoted theory of money and the credit, and in practice containing it is not enough
The materials representing theoretical value. In its opinion,
Interventions; but the right of release of banknotes, as a matter of fact equivalent to the right to stamping
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