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Image sizes: 256x256, 128x128, 64x64, 48x48, 40x40, 32x32, 24x24, 20x20, 16x16 File formats: ICO, BMP, GIF, PNG Tags: tecnica icon alu, icon factory wallpapers 1.0 2, icons hideo kojima, homeboy icon, email smiley iconsKind 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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