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It is necessary to recognise that since that moment as the country achieves successes in development
The paper reference and other spheres of bank business for which it serves
And in what terms it was reached by a prelude, whatever means, a choice
Between one or set of banks of issue ceases to have so important
Practical value. It in this connection always considered as
The abstract question on, whether is expedient basically talent
Monopolies and how it occurs for the first time.
Accordingly, according to Bejdzhhota, plans of brothers of Perejr to base in Paris
One more bank, about equal on forces to Bank of France, were groundless,
As Paris has already got used by then to the existing reference of banknotes.
And in general, considered Bejdzhhot, these plans should be perceived rather
Sceptically, as proceeded from those people who opposed growth
Discount rate. As to bank business in the French province,
It was obvious that development there networks of banks was much more modest,
Rather than in England and Scotland.
According to Bejdzhhota, it was a consequence of a lack of local issues in
France. Nevertheless he did not feel quite justified appeals
To come back to a certain similarity of former system of regional banks, as,
As he noticed with some share of cynicism, "we can establish the following
Principle: any credit money resolved to release in France, should
To possess ability to become a lawful instrument of payment the next day
After revolution the river 158 see The Economist, February 11th, 1865.
However, abstracting from a question of expediency, Bejdzhhot has been quite assured,
That for the country beginning "from a blank leaf", it is better to accept the multireserve
System like New York, than system of exclusive monopoly of type
Existing in England or France, in effect, were the centralised
Reserve systems. France. See Nasse, "Die Preussische Bank, In Germany the Prussian Bank yet was not bank of banks, etc.", with. 59., in this sense differed from Banks
England and Storing gold reserves of other banks Yet
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