Daming Crazy Emperor

Chapter 211 The money is rolling in
The Daming Bank officially opened, and the capital city, Jinling City, Huizhou Fucheng, Chizhou Fucheng, Jinan Fucheng and Hangzhou Fucheng are almost all covered with notices.

The current emperor personally decreed the establishment of the Daming Bank, and sent Jinyiwei and palace masters to guard the branches in various places. All gold and silver can be safely stored, and remittances in different places can also be negotiated at the door.

There are many details in the notice.

For example, the storage of silver taels is limited to one hundred taels, and no fee is charged for less than one hundred taels, while a storage fee of one tael is charged for every hundred taels of silver, which can be deposited for one year, and can be redeemed at any time with bank notes. Charge another one or two.

For another example, for the time being, only Beijing, Jinling City, Huizhou Fucheng, Chizhou Fucheng, Jinan Fucheng, and Hangzhou Fucheng are open to exchange cities. The exchange amount in these six places is limited to [-] taels. If it is less than [-] taels, it will not be charged. The exchange fee is the principal. half done.

What else is less than ten thousand taels?

Anyone who has dealt with private banks can understand these, and the storage and exchange charges are not high. Many merchants are already eager to try, wanting to deposit their own money in the bank opened by the imperial court, or to negotiate exchange in different places.

However, there is one item in the notice that makes people faintly worried.

This article is about banknotes. The notice even said that banknotes can be used as money, and you can pay directly with banknotes when doing business!

Everyone knows the jokes about the Daming banknotes. At the beginning, the banknotes could really be used as copper coins, but the later the banknotes became less valuable. Even, in the Zhengde and Jiajing dynasties, the banknotes became It has gradually become waste paper, and no one is willing to accept treasure money and sell things.

Nowadays, many people still have a pile of such waste paper in their homes!
It would be a big deal if banknotes, like banknotes, became a joke.

Because the maximum denomination of treasure banknotes is always the same, the most valuable time is equivalent to one tael of silver, and a bank note is 100 taels, many merchants cannot afford the loss of 100 taels!

As a result, almost every merchant will ask the treasurer of the bank after receiving the banknote, "Can this thing really be used as silver? What if it becomes waste paper?" and other questions.

At this time, the treasurer of the bank will reply, "If you are worried, you can come here and exchange it for cash immediately after receiving the bank note. We will cash it at any time. No matter who it is, as long as the bank note is okay, we will immediately exchange it for you. silver."

At the beginning, many merchants were skeptical.

Naturally, they would not wait until they received other people's banknotes to exchange them. They basically gave their own banknotes to their relatives and friends to exchange them.

Unexpectedly, they really didn't lie at all.

No matter who it is, as long as there is no problem with the bank note in hand, they will exchange it for cash immediately, no matter how many times you try it!
At this moment, someone finally started to do business with banknotes.

However, in the first few days, those merchants who received the banknotes ran to exchange for cash immediately.

Even if they just took the cash home and put it at home for one day, they would be willing to save an extra tael of silver the next day.

After a large number of merchants tried this repeatedly for nearly half a month, the business of Daming Bank began to explode.

What Fang San said is right, the war is in chaos right now, merchants are worried about keeping their silver at home, and as for taking tens of thousands or even 10 taels of silver to go to other places to do business, they are even more worried, like going to the execution ground .

Because robbers generally not only want money, but also life!
Now that's all right, with a bank established by the imperial court and with such a good reputation, everyone can't afford to deposit their money in it!
As for exchange, I didn't say anything, it must be the Daming Bank.

At this time, Luo Yangxing directed Jin Yiwei to drive ten wheeled boats to shuttle between the Beijing-Hangzhou Grand Canal and the Yangtze River day and night, and the news of the major semicolons was continuously transmitted back to the capital every day.

The deposits of the major semicolons skyrocketed, but the letter king Zhu Youjian was taken aback. After all, he was only a thirteen or fourteen-year-old child!
In the first few days, each semicolon’s deposits increased by several thousand taels or tens of thousands of taels every day, and he could take it calmly. Later, each semicolon skyrocketed by tens of thousands or even hundreds of thousands of taels a day. I can't take it anymore, there is too much money, what if I don't keep it properly?
He endured it for two days, and finally couldn't help holding the account book, and dragged the head of the country, Wu Yangchun, to Taichang.

Looking at the account book, Taichang couldn't help but nodded in satisfaction and said, "Well, it's a good job, and I remember it very carefully."

Zhu Youjian said in a panic: "Father, look at the past two days. The deposits of each semicolon are either tens of thousands of taels or 10,000+ taels. The six semicolons add up to increase in two days." I have nearly a million taels of deposit silver, what if something goes wrong!"

Taichang smiled slightly and said, "What are you afraid of for such a small amount of money? Don't worry, Jin Yiwei and Inner Palace Inspector Wu Xie supervise each other, and there are veterans who have retired from Liaodong guarding each other, and those big shopkeepers are watching, nothing will happen." It’s a problem. You are a person who does big things, and the deposits of Daming Bank may be tens of millions or even hundreds of millions of taels in the future, and you can’t panic when you see such a small amount.”

Ok.

Zhu Youjian tried his best to calm down, then nodded slowly and said: "I understand."

Taichang smiled slightly, and then said to Wu Yangchun: "Patriarch, this surge in deposits proves that the reputation of Daming Bank has gradually been established, and those small bank notes can be distributed."

At the beginning, in order to establish credibility as soon as possible, he did not order all denominations of bank notes to be released. There were only 100 taels of bank notes in the major semicolons. If you deposit 100 taels, you will be given a bank note. This is an easy operation. There is no need to talk nonsense, and the merchants are easy to understand.

If you release all the bank notes of one tael, five taels, ten taels, and 50 taels at the beginning, and then ask people, what kind of bank notes do you want, one hundred one taels, or twenty? Zhang five taels, or ten ten taels, or two 50 taels?

It is more troublesome to explain in this way, and it is easy to make merchants doubt.

Of course, it is different now that the reputation is established. Everyone is slowly starting to use bank notes, and there is naturally a demand for bank notes of various denominations. After all, not every item is worth exactly 100 taels.

Sure enough, the small-amount banknotes did not cause any disturbance after they were issued. Merchants everywhere have gradually become accustomed to using banknotes, and the deposits of major branches are still skyrocketing by tens of thousands of taels or even 10,000+ taels every day.

When the total amount of silver deposits in the six major colonies reached 1000 million taels, Taichang finally ordered the inner palace supervisor to go directly to Nanzhili to purchase grain with the bank notes.

Of course, he wasn't crazy enough to print an extra 1000 million taels of silver notes.

Because he is afraid of running on!

If the banknotes on the market become 2000 million taels, and the deposits of the major semicolons are only 1000 million taels, plus the principal is only 300 million taels, then it is possible that the banknotes cannot be exchanged for cash. The situation is getting worse, once a run occurs, the reputation of Daming Bank will be gone!

He also printed 100 million taels more, and asked the inner palace supervisor to take it to Nanzhili to test the water.

Sure enough, the 100 million taels of silver bills went down smoothly, and there was no problem in using silver bills to buy food, at least there was no problem in using silver bills in Yingtianfu, Chizhou Prefecture, and Huizhou Prefecture.

Now it's really a lot of money!
Not to mention anything else, just opening the semicolon can make a lot of money.

One semicolon is 50 taels of principal, that is to say, it is definitely no problem for him to print an extra 50 taels of silver notes for each additional semicolon, because the principal can also be used to exchange for silver notes, and there will be no damage at all. The case where cash cannot be exchanged.

You know, there are no fewer than twenty large cities along the Beijing-Hangzhou Grand Canal alone!

That is to say, as long as the bank of Daming Bank is opened all over the banks of the Beijing-Hangzhou Grand Canal, he can print an extra 1000 million taels of silver bills as emergency expenses.

(End of this chapter)