The great enquete of 1865 is almost wholly taken up with currency matters, and mere banking is treated as subordinate.

And the accounts of the Bank of France show why.

The last weekly statement before the German war showed that the circulation of the Bank of France was as much as 59,244,000 L., and that the private deposits were only 17,127,000 L.Now the private deposits are about the same, and the circulation is 112,000,000 L.
So difficult is it in even a great country like France for the deposit system of banking to take root, and establish itself with the strength and vigour that it has in England.
The experience of Germany is the same.

The accounts preceding the war in North Germany showed the circulation of the issuing banks to be 39,875,000 L., and the deposits to be 6,472,000 L.while the corresponding figures at the present moment are--circulation, 60,000,000 L.and deposits 8,000,000 L.It would be idle to multiply Instances.
The reason why the use of bank paper commonly precedes the habit of making deposits in banks is very plain.

It is a far easier habit to establish.