Short story:
1. There are so many kinds of notes (same as money) cieculated in the market. The government take action to prohibit this situation.
2. The local bank in each city need have corresponding capital to maintain operation.
Some banks willing to change to be a part of national banks, some don’t. for those who not willing to do so the government set a high tax rate. Then they all change from their own bank note to check.
Up to this point 到目前为止
to say nothing of 更不用说
do away with 废除
shifted over to 转向,转变重心