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Kind of one book, "Capital, Currency and Banking", in 1847] By the time of themIssue a definitive sentence to free occurrence in issue business
Has already been taken out by the Bank Law of 1844 Possibly, thereof articles
Wilson represented attempt more likely to analyse the nature and sources
Origins of system already accepted by then, rather than to make recommendations about
To its replacement alternative. The refutation of theories became an overall objective of articles
Monetary school. Exclusive monopoly position of Bank of England, according to Wilson, Underlay backlog of England from Scotland, especially considerable in sphere Depositary business cit. Article III. Erected to more solid basis and Inspiring the society has more than confidence of own stability, Scottish
Banks were a product of is excellent working mechanism of a free competition. In
Scotland never existed any restrictions on number of partners, Establishing bank firm, and more before an epoch of joint-stock companies
Firms necessarily consisted of a great number of widely known and rich people.
"It is not necessary to doubt that, - Wilson, - that, if not spoke
Legislative obstacles to education of the banks, the monopolies erected in interests
Bank of England, in the country, and both in capital, and in a province, for a long time already
There would be a set of large and succeeding joint-stock banks. It
Which bankruptcy periodically would help to avoid occurrence of the weak banks,
Called so considerable shocks. "Currency, " Capital, p. 282. and Banking " "Why, - Wilson, - while asked a society and legislative
Bodies are ready to refuse freedom restriction in sphere of depositary business,
They, nevertheless, consider as too risky business to authorise on Release of banknotes poste restante? Monetary school as the reason such Discrimination usually resulted that fact that issue of banknotes, unlike
Depositary activity, leads to growth of weight of an active money. Certainly,
Wilson as the representative of bank school, to agree with similar argument
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