Publications Of National Monetary Commission Volume 20 PDF Download

This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1910 edition. Excerpt: ...times the amount when M. Pirmez made his report in 1872. This might not in itself indicate an increase of the charges by a corresponding ratio, but in other fields the increase in the burdens imposed upon the Bank showed a still larger proportion of increase. A special report on the services rendered by the Bank to the State was made by the governor to the general council on May 29, 1897, in which he declared that half of the great hall of the Bank was exclusively devoted to the public service, which required not less than a dozen wickets. Giving a graphic idea of the daily routine in the Bank, the governor continuedzl' "The other half of the hall is reserved to the operations of the Bank for its own account. There notes are exchanged for specie and specie for notes. There discounters come to return the receipts delivered in exchange for their documents; there also checks are settled, current accounts dealt with, and all drafts are paid. In spite of this multiplicity of varied services, the congestion is in general less than at the windows where operations are "Documents Ofiiciels: 1872, p. 35. b Documents Parlementaires: 1900, p. 220. carried on for account of the State. There, at the periods of the maturity of the coupons of the public debt, of the annuity bank (Caisse d'Annuites), of communal credit, and of the local railways, on the eve and the morrow of settlements for the Government, at the moment of pension payments, the influx is such that the guards established for supervision of the matter are compelled to insist that everyone take his place at the difierent wickets in the order of arrival. If, as often happens, there are added to these numerous operations the payments on account of the public...