its resultant establishment of the Hamburg Bank, has been already referred to.
In 1667 Hamburg freely joined the Zinnaische standard, according to which the mark of fine silver was coined into Page 385 10 1⁄2 thalers (= 31 marks 8 schillingen, Hamburger courant). She, however, hesitated to follow the German system in its change over to the Leipzig standard in 1690, and after an interim period of weltering disorder, during which the standard varied from 30 marks to 34 marks 8 schillingen per mark fine of silver, the State adopted in 1725 the so-called Lübeck standard (1 mark fine = 34 marks), as the Hamburger courant.
This standard had existed in Holstein from 1693. In 1788 and 1789 long and serious debates were held in Hamburg on the question of the substitution of a lighter (or lower) standard. And seventy