Till order
Cash orders , cash receipts, cash tickets, safe tickets, bank notes or bank notes were a common designation of the "state" banknotes of German countries and also of the private banknotes privileged by the state, especially in the 19th century. From 1874, the cash instructions were from the purely governmental Reich Treasury notes replaced. The cash orders had the following denominations and were mostly interest-free:
1, 2, 4, 5, 8, 10, 20, 25, 35, 50, 70, 100, 250 and 500 Taler or Gulden , also Mark Courant or Pound Banco.
On the one hand, these banknotes were issued by "state banks" which, however, were often organized under private law as stock corporations, similar to the later Reichsbank . The majority of their shares were then often in direct hands of the state, in the private custody of the ruling princes and largely in the hands of the big bourgeoisie. An exchange for silver Kurant coins , the silver standard currency at that time , was usually possible at any time and had to be made in full for the amount denominated in thalers or gulden at the request of the public.
There were also "pure" private central banks , which were also organized as stock corporations. The majority of the shares held by the big bourgeoisie, however, were also often in the private depots of the respective ruling royal houses. These private banks were known as slip banks . They were judged more suspiciously by the public because they were not subject to a state guarantee in the event of bankruptcy . That is why their banknotes were often heavily restricted by law in the other German countries. The private central banks, like the state banks, also had to exchange their cash receipts on request for bank-deposited silver currency coins in their main tills.
Example of a “state bank” as a stock corporation: Preussische Bank (later Reichsbank ).
Example of a “pure” private bank: Sächsische Bank zu Dresden .
See also
literature
- Heinz Fengler History of the German Central Banks before the introduction of the Mark currency , Heinrich Gietl Verlag Regenstauf 1992, ISBN 3-924861-05-6
- Heinz Fengler u. Authors Lexicon Numismatics . transpress publishing house for traffic, Berlin 1988, ISBN 3-344-00220-1