A retrospective journey into history is a driver in developing the ability to think analytically, compare, generalize and classify the studied materials. Such journeys acquaint a researcher with the methods of research of major problems and help choosing certain techniques, which are necessary for scientific cognition. Unfortunately, there is a serious defect in financial science, which is connected exactly with ignoring this kind of approach. The author points out that the history of economic doctrines has gained considerable development. Various schools and disciplines emerged at different stages of the development. However, there is a significant gap in the financial science development: it lacks a sovereign systematic course on the history of financial doctrines, which would unite the theories of money, credit, securities, financial benefits, taxes, etc. The paper provides a detailed description of the views of A. Cieszkowski, a Polish scientist and politician of the 19th century, on credit issue and methods, which can involve tangible assets of the State and private entrepreneurs (private real estate, State-owned land assets, shares, etc.) in the national economy. The paper emphasizes that the difference between the modern views on securitization and the theory of issuing rental vouchers backed by tangible assets is only in the terminology. The author comes to a conclusion that A. Cieszkowski's concept prevails.
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