The banking business is declared a state monopoly.
2. All existing private joint-stock banks and banking offices are
merged in the State Bank.
3. The assets and liabilities of the liquidated establishments are
taken over by the State Bank.
4. The order of the merger of private banks in the State Bank is to
be determined by a special decree.
5. The temporary administration of the affairs of the private banks
is entrusted to the board of the State Bank.
6. The interests of the small depositors will be safeguarded.
* * * * *
_On the Equality of Rank of All Military Men_
In realisation of the will of the revolutionary people regarding the
prompt and decisive abolition of all remnants of former inequality in
the Army, the Council of People's Commissars decrees:
1. All ranks and grades in the Army, beginning with the rank of
Corporal and ending with the rank of General, are abolished. The Army
of the Russian Republic consists now of free and equal citizens,
bearing the honourable title of Soldiers of the Revolutionary Army.
2. All privileges connected with the former ranks and grades, also
all outward marks of distinction, are abolished.
3. All addressing by titles is abolished.
4. All decorations, orders, and other marks of distinction are
abolished.
5. With the abolition of the rank of officer, all separate officers'
organisations are abolished.
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