Allowances were deposited in a central bank, with elected officers.
There is just this chance, the rumours about the Central Bank may be false.
Mr. Wilton's case was rendered far worse by the loss of a large private income derived from shares in the Central Bank.
With these funds the central bank was to purchase state bonds, devoting the interest to redeeming the notes of the national banks.
The lack of a central bank and of a rediscount market is to a degree compensated by unity of action among the banks.
But as a central bank could not be a part of the only plan discussed or considered, that troublesome question is eliminated.
During the 70s, the recently appointed governor of the central bank was imprisoned and a minister committed suicide.
Each affiliated person's account is thus kept to date, and this as much for the Central Bank as for the person affiliated.
If all the people of a city kept their money in one central bank there would be no need of a clearing-house.
Japan first copied the national banking system of the United States and after trial abandoned the same for a central bank.