Banking, ancient and modern ..together with full instructions as to the business methods of the Treasury Department at Washington, . un-controlled, and any person could issue bank notes, silver or copper the establishment of the Bank of Ireland, banking privileges weremuch curtailed. In 1797 the suspension of cash payment by the Bankof P^ngland was extended to Ireland, and the Bank of Ireland greatly in-creased its issue of bank-notes. Private banks sprung up all over thecountry, and they also swelled the currency until it became greatly de-. E. ROTAN. President First National
Banking, ancient and modern ..together with full instructions as to the business methods of the Treasury Department at Washington, . un-controlled, and any person could issue bank notes, silver or copper the establishment of the Bank of Ireland, banking privileges weremuch curtailed. In 1797 the suspension of cash payment by the Bankof P^ngland was extended to Ireland, and the Bank of Ireland greatly in-creased its issue of bank-notes. Private banks sprung up all over thecountry, and they also swelled the currency until it became greatly de-. E. ROTAN. President First National Bank. Waco. 29 predated. In 1804 there were fifty-seven banks in Ireland. In 1819but nineteen remained, and in 1827 there were but ten banks in all Ire-land. In 1821 a law was passed permitting joint-stock banks to be or-ganized, but none were founded until additionnal legislation in 1824 madethe restrictions less objectionable. Then the Northern Bank of Belfastwas organized. In 1825 the Provincial Bank of Ireland was started witha capital of ^^2,000,000. In 1834 the Agricultural and Commercial Bankoi Ireland was organized, but it went under in the crisis of 1836. In1864 the Munster Bank at Cork was established. It has over fortybranches, and pays 12 per cent dividends. On May 2 and 20,1716 the French Gov-ernment granted aconcession to J o h nLaw, a Scotchman,for the establishmentof a bank, of which hewas to be director andthe Regent its pro-tector. Injune, 1716,it began business witha capital of 6,000,000francs, and was author-ized to issue notes pa
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Keywords: ., bookcentury1800, bookde, booksubjectbanksandbanking, bookyear1895
