Banking, ancient and modern ..together with full instructions as to the business methods of the Treasury Department at Washington, . al of 10,-000,000 francs. The earliest Swissbank of issue is thatof St. Gall, which datesfrom 1836. At theend of 1869 there werenineteen issuing banksin the Swiss Confed-eration. There arenow thirty-three legal-itcd banks of 1885 their averagecirculation of noteswas $23,822, are 325 savingsbanks, the deposits in1882 being $47,547, There arealso 162 other banksof dcp(jsil, of a private nature. Although the oldest
Banking, ancient and modern ..together with full instructions as to the business methods of the Treasury Department at Washington, . al of 10,-000,000 francs. The earliest Swissbank of issue is thatof St. Gall, which datesfrom 1836. At theend of 1869 there werenineteen issuing banksin the Swiss Confed-eration. There arenow thirty-three legal-itcd banks of 1885 their averagecirculation of noteswas $23,822, are 325 savingsbanks, the deposits in1882 being $47,547, There arealso 162 other banksof dcp(jsil, of a private nature. Although the oldest Italian bank dates from 1622—theMonte de iashi, in Siena—the National Bank of Italy has a history datingonly from 1850, it having been organized b\ consolidating the Bank ofGenoa, founded in 1844, and the Bank of Turin, founded in 1847. Atits organization a sum was to be paid for Ciovernment superintendence, andit agreed to advance tt) the State a sum of not over 18,000,000 lire, securedby a deposit of public stocks or treasury bonds bearing 3 per cent interest,or less if the market rate was lower than that. Three bank seats and. LO(;.\N C. Ml KK\^ .Vice-President American National Hank, Louisville, Ky. 33 four biiinch banks were established, ami the capital, originally 40,000,000lire, is now 200,000,000 lire. It has numerous branches, and its circula-tion is national. In April, 1874. the Ciovernment restricted the right :^ bank-notes to six banks: The National Bank of Italy; the Nati-«inal Tuscan Bank, or<^anized in 1857; the Roman Bank, 1850; theTuscan Bank of Credit, i860; the Bank of Naples, 1816, and the Bankof Sicily, 1843. This law authorized the Bank of Naples to increase , by 1885, to 48,750,000 lire, and the Bank of Sicily to 12,000, National Tuscan Bank had a capital of 30,000,000 lire; the RomanBank, 15,, and the Tuscan Bank of Credit, 10,000,000. By this law these six bankswere organized intoa union, which, if re-quired, s
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Keywords: ., bookcentury1800, bookde, booksubjectbanksandbanking, bookyear1895
