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Whenever depositors desired to withdraw money, they will grab the banknote towards the financial and you will change it to have coins Nineteenth Century Banking During the early 1800s, the us regulators didn’t printing paper money but alternatively minted metals named specie. The value of this type of coins is actually influenced by the value of the new material regarding coins on their own. Anyone wanted a rut to maintain their savings regarding silver and you will silver coins, so they kept all of them in finance companies, which had solid vaults or other procedures out of security. The lending …