Chapter 341: Not Enough Money Yet
The old man said with a smile that the bank would soon start the deposit and withdrawal business. Anyone who deposited money in the bank would receive interest. When the bank had money, it would lend it to merchants who needed money. The interest rate was guaranteed to be much lower than private, temporary loans, and there were also standardized contractual guarantees.
Everyone's faces immediately showed surprise.
These merchants had long heard that the money houses in Hanzhong, Guanzhong and Xinshi did this. Today they finally heard that the Rongcheng Bank in Chengdu was also going to do the same. They soon began to whisper and chatter among themselves.
At this time, Manager Qu, who was the president of the association, spoke up and asked everyone to believe that the court was thinking about us and that it could get things done.
He also encouraged these wealthy businessmen not to forget to give back to their hometowns after making money, and told everyone that a charity hall had been established in Chengdu and a welfare home for the elderly had been built. If friends were interested, they could contribute to the court's charity work.
Then several old men stood up and donated money for charity, which made Mr. Ding smile and be very happy.
After Zhao Yulin had dinner, he came back and saw that Ma Ling'er was in a bad mood. He asked what was wrong.
Ma Ling'er said that she had only been busy for two days to issue and exchange several million strings of money, but she didn't even earn any interest, so it was all in vain.
Zhao Yulin hugged the woman and said it was normal. As the new currency was issued for the first time as a paper currency, there must be a process of getting to know each other. She asked Ma Linger to announce the number of exchanged notes in the newspaper tomorrow and destroy the exchanged notes in public, because this batch of money notes were exchanged rather than issued. The total amount of currency in circulation in the market must be maintained so that the new currency will not depreciate. The only way is to destroy them in public to reassure the people.
The woman snuggled in his arms, nodded, and asked him: What should we do if Shisanpu continues to raise the exchange rate and speculate on money tomorrow?
Zhao Yulin thought about it and said that since they didn't make any money, they might continue to raise the price and create a hot spot to attract ordinary people to sell. The bank remained silent in the morning, discussed countermeasures at noon, and opened the market for adjustment in the afternoon.
When Huo Fenghuang saw the couple leaning against each other, she also came over to get close to them, leaning against them tightly and asking him if he was going to give red envelopes to the craftsmen in Jinguan City and then go to Jinguan City to start a fire.
Zhao Yulin felt uncomfortable being squeezed by the two girls, so he asked the two sisters to discuss carefully, and then got up to go to the study to do some work. Ma Ling pulled Fenghuang to help her come up with a plan.
The woman said: If this general were to take action, he would be beaten to a pulp and his ass would be pissed off...
That night, Zhao Yulin was defeated by Fenghuang, and the woman got up early in the morning to go out with Ma Ling to do her errands.
He went to the government office to discuss immigration to Luoyang with Du Fan. Du Fan said he knew that Luoyang was already stable and General Miao had already sent a letter requesting immigration.
The latest news is that the Shenwei Army has controlled the spread of the plague, cleaned up and buried all the garbage in the city, and most of the patients admitted to the hospital have been discharged.
With spring plowing approaching, Miao Gui hopes that more people will go to Luoyang for production and life.
Zhao Yulin asked him to contact the newspaper to spread the news that Luolang had been recovered, Luoyang was safe, and that there were large tracts of wasteland in Luoyang that needed a large number of people to cultivate the land, and to encourage a group of people to settle down there first.
He was very worried because there were a large number of prisoners who needed to be used. Zhao Yulin thought that they should be quickly reformed and settled in Luoyang, where they could grow crops and engage in production, which would require a large number of people to manage and supervise.
The two were still discussing when the maid came in and shouted, "Go out and see, Madam Ma Ling is going to burn the money."
He said he understood.
Du Fan looked at him in surprise and asked why he burned the money? It was all money.
Zhao Yulin said that the transfer department burned the old banknotes that were exchanged in the past two days. We will destroy as many banknotes as we issue new currency.
New coins cannot be over-issued at will, otherwise they will depreciate quickly like Qianyin, and even the backing of silver coins cannot stop it.
The two of them went out together and walked to the gate of the government office, where all the officials were standing there watching the fun.
Zhao Yan said with some distress that they were all money. We in Sichuan and Shu have not printed money notes in the past two years. If it weren’t for the issuance of new currency, the exchange rate of these old money notes would be higher than that of Lin'an in Jiangdong.
Cao Youwen was a burly man. He stood at the back and said that if we didn't burn these money notes, the people would definitely think that we were issuing real currency directly. In that case, the money notes would depreciate just like the new currency, which would mean that money would be worthless.
The square opposite was already crowded with people. Ma Ling also asked the common people to go up and check whether they were real money notes. After counting the number, a barefoot beggar drew circles on the pile of money notes with a torch, lit it and ran down the money note mountain. He found money notes stuck under his feet, and hurriedly raised his foot to grab the money notes and threw them into the fire.
Upon seeing this, Ma Linger loudly praised the man for his honesty and good work, and ordered the deputy envoy to reward Huazi with two strings of new currency.
The young man was delighted and ran away happily waving the new currency.
Zhao Yulin went back and continued to handle military affairs with Lao Cao.
At noon, Ma Ling came to report to the gentlemen: the craftsmen of Jinguan City have started to use the new currency, and from now on, all construction materials and salaries of Jinguan City will be settled in new currency.
When everyone saw that the issuance of new currency gradually opened up the situation, they all smiled.
However, Shisanpu raised the exchange rate of Qianyin again today. Yesterday, it suddenly increased by 1.2 cents, and today it increased by another 5 cents. Compared with their closing price before the New Year, it has increased by 7 cents.
Zhao Yulin felt a little unhappy after hearing this. These guys were really making trouble. He asked Ma Ling to go back and discuss with the shareholders. If they could increase their shares again, they could just raise their shares to be on par with them.
Ma Ling'er went to do it immediately.
Mr. Ding asked him why these people wanted to go against our bank?
Zhao Yulin said that Shisanpu definitely did not want to see the bank succeed, probably because they had not made enough money from the money they invested in Qianyin. A market that changed by nearly two cents in three days would definitely make people panic, as the fluctuations were too huge.
Mr. Ding said harshly that these people were too ungrateful and would not be satisfied until they got the right to issue new currency. If they were not given the right, they would come to make trouble.
Lao Cao glared at them with his leopard eyes and said that if they made him angry, they would be arrested and chopped to pieces.
Zhao Yan hurriedly said that was not possible, how could we arrest someone without evidence?
Fan Zhong also disagreed. He said that the New Song Dynasty emphasized rule of law, and arresting and punishing people must be based on reason and evidence.
Lao Cao immediately fell silent.
Zhao Yulin went to the study and wrote a note to his guard captain Xiao Chu, asking him to send it to Madam Ma Ling. Then he turned around and went to find Lao Cao to make him angry and see how he would deal with these rogues.
When Zhao Yulin went home, Huo Fenghuang had already arrived home. The woman happily told him that after receiving the news, she tricked Shisanpu. She asked Wu Yuqi to transfer 5 million strings of money from Shunfengsi's inventory, divided it into several decimal places and sent them to Shisanpu to exchange for cash. After the money was exchanged, it was taken away without leaving a single ounce in their shop.
He told Fenghuang not to move for the time being, and to take the silver to the treasury to exchange it for silver coins in a few days, as it was more convenient for Shunfeng Company to use silver coins when traveling all over the country.
At noon, Zhao Yulin asked Chu Yuxuan to pass on a note, asking Ma Ling'er to do this. Usually, when exchanging money at Thirteen Shop, customers would deposit their money in their shop and withdraw it when needed.
But if Zhao Yulin wanted to fight them, he would definitely not leave any of them behind.
Ma Linger came back and said tiredly that she was very busy today.
Zhao Yulin went over to give her a shoulder massage, and Huo Fenghuang personally brought her tea.
The woman took a sip of tea with great enjoyment before saying that the price of Shisanpu had increased by another 5 cents this afternoon, and it had increased by 1 cent within a day.
Our bank decided not to follow suit.
Her bank uniformly posted an 8% price increase at the close of trading, clearly showing no intention of catching up with the market price.
After a meeting, the shareholders decided not to follow.
Because even if the price increased, there were only a few people who came to exchange the coins, and most of the transactions were for a few strings of coins, dozens of strings of coins, or less than a thousand strings of coins.
This shows that the people are just watching the fun.
There is a rumor on the street that the number of money notes has decreased, and the government is destroying expired money notes. As there are fewer money notes on the market, the price will definitely go up.
Such exaggerated and outrageous rumors are either made up by ordinary people themselves or deliberately fabricated by people with ulterior motives to drive up prices.
Even though the currency only increased by one cent today, it was still ten coins. One string of coins in the Song Dynasty was worth one thousand coins, and ordinary people only earned two hundred coins after working hard all day.
He said that since it was decided not to raise the price, he should just ignore them and do his own thing.
After a while, Master Lu, Wu Yuqi and Dongmei came into the house together.
Lao Lu said that he had not come across such a big case for a long time, which was very interesting. The New Song Dynasty had been established for so long, but there were still people who blatantly spread rumors and disrupted the money market.
Wu Yuqi said that the older you are, the wiser you are. The master looks at problems differently and can find the breakthrough point quickly. Dongmei also smiled at Lu Youpeng, who is at the master level.
Lao Lu was praised by Wu Yuqi and said happily that he would prepare some food and have some wine. It had been a long time since he had a drink with his friends.
Fire Phoenix laughed and said that she was fine, and went to supervise the preparation of the meal herself.
Lao Lu said excitedly that although it was just Shisanpu, there was a lot of power behind it. He roughly estimated that the silver reserves of Shisanpu were definitely more than 10 million taels.
Zhao Yulin said cautiously that they were playing with money. There were many wealthy families in Chengdu, so they must have a lot of money. His idea was: since they dared to make a move, let's fight them and slowly empty the Thirteen Shop.
Lao Lu asked him how to take it out?
Ma Linger looked at him with full expectation, and asked him to speak quickly.
Zhao Yulin ordered the secret collection of money to be used to exchange for their silver. If everyone exchanged the silver for cash and took it away, the common people would surely follow suit and run on the bank.
These days they must be trying to raise the money and then sell their inventory to make money, so we will deliver the goods to their doorsteps and give all the money we have to Qian Fuxing.
When they find out that the silver is gone and they want to sell it out to reap the people, we will immediately announce that the bank will start deposit and withdrawal business, and the deposits will earn interest.
However, we only accept and deposit new currency, so ordinary people will naturally exchange their notes for silver, and then use silver to exchange for new currency to deposit money.
Because the new currency and silver coins are of equal value, the new currency is silver.
We will then spread the gossip and question whether Shisanpu has used up all the silver entrusted by depositors by spending so much money to buy the money.
Is there no more cash in Shisanpu?
What would the merchants and depositors who entrusted their silver to them for safekeeping think?
