Till then the People's Bank Company, having to conform to established custom and the requirements of law, and especially in order more effectively to invite citizens to join it, will provide itself with capital. Art. 10. The capital of the People's Bank shall be five million francs, divided into shares of five francs each. ... The company shall be definitively organized, and its business shall begin, when ten thousand shares are taken. Art. 12. Stock shall be issued only at par. It shall bear no interest. Art. 15. The principal businesses of the People's Bank are, 1, to increase its cash on hand by issuing notes; 2, discounting endorsed commercial paper; 3, discounting accepted orders (_commandes_) and bills (_factures_); 4, loans on personal property; 5, loans on personal security; 6, advances on annuities and collateral security; 7, payments and collections; 8, advances to productive and industrial enterprises (_la commande_). To these departments the People's Bank will add: 9, the functions of a savings bank and endowment insurance; 10, insurance; 11, safe deposit vaults; 12, the service of the budget.[200] Art. 18. In distinction from ordinary bank notes, payable in _specie_ to some one's _order_, the paper of the People's Bank is an order for goods, vested with a social character, rendered perpetual, and is payable at sight by every stockholder and co-operator in the _products_ or _services_ of his industry or profession. Art. 21. Every co-operator agrees to trade by preference, for all goods which the company can offer him, with the co-operators of the bank, and to reserve his orders exclusively for his fellow stockholders and fellow co-operators. In return, every producer or tradesman co-operating with the bank agrees to furnish his goods to the other co-operators at a reduced price. Art. 62. The People's Bank has its headquarters in Paris. Its aim is, in the course of time, to establish a branch in every _arrondissement_ and a correspondent in every commune. Art. 63. As soon as circumstances permit, the present company shall be converted into a corporation, since this form allows us to realize, according to the wish of the founders, the threefold principle, first, of election; second, of the separation and the independence of the branches of work; third, of the personal responsibility of every employee.[201] II. If once men are convinced that justice commands the change, then will "despotism fall of itself by its very uselessness."[202] The State and property disappear, law is transformed, and the new condition of things begins.