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Fiduciary issue each of them confined to an average level of the previous year, but, unlike the English banks, the Scottish have the right to issue banknotes and more than this fixed limit, to the extent that they were in a position to provide additional bank notes in gold, in addition to in the case of a merger of two banks, they held a right of fiduciary emissions in an amount equal to the sum of their individual emissions. The American economy is in a tailspin . Thus, no single amount of money that could be considered a decisive factor in determining their value. . A much better case in terms of more rigorous monitoring of the implementation of interbank payments as a result of frequent exchange of notes, to a large extent, this was the result of the proliferation Saffolkskoy system, as well as a consequence of the establishment of the New York Clearing House (New York clearing house) [established in 1855 g . Increasing profits in the constantly changing risks will be eliminated. What could make the bank issues its own currency when it is in such a situation, and when the commodityfargo home mortgage mortgage new well prices in the currency threatens to fall down? And how strong is the interest of the bank in the suspension of the price decline, if those circumstances also affect competing with financial institutions? . But for the issuer of currency, which must compete with other currencies, it would be a suicidal act, because it deprived him of the quality of the currency, which the people and wanted her to have. The nature of the global crisis arhivazhen from a theoretical and practical point of view. In 1841 - 1842 biennium. I am sure that many of the current leaders of banking will be unable to comprehend how any new system would be able to work, and will, therefore, to call it completely impractical and impossible. Eckstein [14], especially p. 45. To ensure the continued value of its currency, the bank must adhere to the following principle: never to increase its volume more than the overall amount that is ready to keep the public not to increase costs, carried out in this currency, and therefore does not push up prices expressed in its products.