通常在这些州法律允许任何人设立银行，前提是银行券的发行要有证券支持，证券由州银行主管部门保管。
Typically these laws allowed anyone to set up a bank, provided the issue of notes was backed with securities kept on deposit with the state banking authority.
如果有一个强大的中央银行，其管理层坚持谨慎地发行银行券，那么防止银行券的迅速膨胀则是可能的。
It is possible that a strong central bank with a management devoted to conservative note-issuing practices could have prevented the rapid note expansion.
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