In addition to its value as illustrating the difficulties and defects that beset the development of a complex financial organization from the simpler forms of the city and the province, Roman finance is of special importance in consequence of its place as supplying a model or rather a guide for the administration of the states that arose on its ruins.
At the head of the financial organization of France, and exercising a general jurisdiction, is the minister of finance, who co-ordinates in one general budget the separate budgets prepared by his colleagues and assigns to each ministerial department the sums necessary for its expenses.
A.) Financial Organization The methods of financing railway enterprises, both new projects and existing lines, have been influenced very largely by the attitude of the state and of municipal authorities.
The grouping into classes and the privilege of exchanging property, granted to the contributor against any one whom he believed entitled to take his place, are marks of the defective economic and financial organization of the age.