Wild North America 1846

Chapter 159 Immigrants
Due to the material, no matter whether gold coins or silver coins are minted, some alloys must be added, the ratio is about 1:9, and there will not be too much up and down, which is within a reasonable range.

A piece of silver coin consists of nine pieces of silver and one piece of copper. The minted silver coin is full of weight. Naturally, it is a real good silver coin. After years of honing, it will still have a high circulation value.

I'm afraid of being short-sighted. If a silver coin is mixed with copper and lead, the natural value will be greatly reduced.

The general public is not stupid, and they naturally have a fair balance in their hearts.

Unfortunately
In today's world, the governments of all countries are in the majority, and there are not many good coins that are sincerely minted. Bad coins are popular, and there are very few copper and silver coins that are full of weight. There are even many iron coins in the market, which is purely to fool people.

This is the case in the countries of Central and South America, and the same is true in the countries of East Asia. Is there more than one word for "chaotic"?

From here, Li Cha saw a huge business opportunity to vigorously promote Tang Yuan coins.

The Morenchi Copper Mine, which has world-class reserves, gave Richard enough confidence. He immediately decided to cast a large number of high-quality copper coins, which is the top priority of the current Finance Commissioner's Office.

Cast copper coins with high-quality brass produced in our own mines, ship them to the Qing Dynasty to obtain tea, porcelain and other in-demand materials, ship them to Fusang to obtain them, and ship them to the East Indies to obtain special products such as spices, coffee, rubber, cocoa, aluminum ingots, etc., and ship them to Mexico to obtain silver. Doesn't it mean huge profits?

these months

Sequoia Bank has continuously recovered various US dollars, British pounds, francs, and pesos in the market, and gradually determined the only circulation status of "Tang Yuan" in China.

In the future, the Datang Kingdom government will officially announce the abolition of other currency circulation when the time is right, and order domestic merchants and factory owners to exchange a certain percentage of old currency for new currency within a time limit.

It is still difficult to implement this at present, mainly because Datang Kingdom is facing the threat of a large-scale invasion by the United States, and some businessmen and factory owners in the private sector do not have enough confidence in Datang Kingdom, and are unwilling to take the risk of exchanging all new currency.

Faced with such a thorny issue, on the one hand, it is necessary to strengthen the promotion of the currency exchange policy, and on the other hand, take effective measures to set a deadline for exchanging the old currency for the new currency.

Overdue users will be charged with disrupting the financial market, and the police will arrest some, close some, and kill some to severely deter them, then everything will be OK.

In addition to various problems in currency issuance, Richard also focused on the transoceanic remittance business promoted by Sequoia Bank.

Due to the relative occlusion of transoceanic information and the geographical distance, the transoceanic remittance business launched by Sequoia Bank has higher charges, but customers are still flocking to it.

This is the only way for successful Chinese groups in North America to remit money to relatives in mainland China.

so far;

Sequoia Bank has established a total of ten branches in East Asia, including Jinmen, Weihai, Shanghai, Fuzhou, Guangzhou, Hong Kong, Saigon, Singapore, and Jakarta, and will soon set up its 11th Asian branch in Nagasaki, Fuso.

With the deepening of Sequoia Bank's influence in East Asia, the gold rush legend of North America's overnight wealth has also spread, attracting more and more Chinese immigrants to take the initiative to participate, forming a wave of immigration.

In order to meet the increasingly hot demand for immigrant ships on the North Pacific route, the two shipyards of Datang Kingdom Chang'an and Los Angeles, after testing the water and building several 1200-ton to 1500-ton iron steamers, ambitiously began to challenge the 3000-ton transshipment ship. The construction of foreign immigration ships has achieved certain results.

Everyone is optimistic about this North Pacific route full of hope and money. This northern route from Weihai via Midway Island, Oahu Island to Seattle has gradually become a golden channel that is not inferior to the Atlantic route.

I have to admire the vision and business courage of overseas Chinese.

The dozens of 1200-ton steamers built by Chang'an Shipyard and Los Angeles Shipyard were basically purchased by Chinese businessmen in partnership, and they were immediately put on the routes from Chile to Los Angeles, Cuba to Los Angeles, and Uruguay to Los Angeles in Central and South America.

When going to South America, the cargo hold is full of whiskey, steel products, locally produced food, copper coins, clothing and other materials. When returning, it is full of guano, Chinese immigrants, and the offshore trade between the two ends makes a lot of money.

Many people have set their sights on the more profitable trans-Pacific northern golden route. Newly established Chinese shipping companies have popped up one after another, ordering 3000-ton immigration ships from Chang'an Shipyard and Los Angeles Shipyard, gearing up for a big job.

For the enthusiasm of Chinese businessmen, Li Cha fully encouraged the attitude. Sequoia Bank will provide some loans according to the size and qualification of the shipping company, and the port terminal will also provide certain convenience.

The more the merrier.

In the new wave of Chinese transoceanic immigration, the Pacific Shipping Company owned by the royal family is the mainstay of the leader.The private shipping company is a useful supplement, which will boost the popularity and rapid development of the North Pacific golden route.

After discussing a few important issues, Li Cha felt the growing momentum of the immigration work, and his mood became happier. He tapped the coffee table lightly with his fair fingers, and said after some consideration;

"Mr. Allen, I mean is it possible to open a mortgage loan business for Chinese immigrants to further encourage cash-strapped Chinese immigrants to North America?"

"Immigration mortgage business... what does His Majesty mean?" Alan-Maupassant had some guesses in his mind, but he was still not sure.

"It means that Chinese immigrants sign a bonded labor mortgage agreement ranging from 3 to 5 years in exchange for a boat ticket to North America. This is the long-term solution.”

"That's it... In this way, the bank may take some additional risks, such as the death of the mortgagor, escape from monitoring after entering the kingdom, depraved debts, etc., which are high-risk and high-interest businesses!" Alan Maupassant's expression Obviously hesitant.

"The interest rate should be kept as low as possible, within a range that immigrants can bear, such as no more than 10%. Otherwise, this good policy of encouraging immigration will become a heavy burden for squeezing Chinese immigrants. This has to be considered."

"Your Majesty, as the specific operator of Sequoia Bank, I have to consider the interests of the bank itself and the majority of shareholders. The bank can carry out the mortgage loan business for immigrants, but due to risk considerations, it may be difficult for the interest rate to be lower than 13%."

"13% is too high." Li Cha shook his head, picked up the tea and took a sip, then put down the teacup in his hand, and said with a serious look in his eyes;

"You can't treat all Chinese immigrants as gold diggers who got rich overnight. Most of them are under great pressure from immigrant loans. They can only work in factories or engage in some crafts to save the money from their teeth, so The interest rate cannot be too high, the upper limit is 10%.”

"Your Majesty... If this is the case, Redwood Bank will take huge risks."

"Well, the bank can cooperate with the Pacific Shipping Company in the early stage, and they will provide more secure immigration conditions and try their best to reduce the death rate of maritime transportation. This is one aspect." Richard said while thinking;

"As the backbone transportation company of the North Pacific route, the immigrant ships of the Pacific Shipping Company have a large tonnage and a good riding environment, and the relative immigrant mortality rate will not exceed 10%.

Next Step

The kingdom will try its best to reduce the death rate of transoceanic transportation from two aspects.

On the one hand, strengthen the screening and selection, try to avoid the Chinese immigrants who are weak, highly emotional, opium addicted and infected with diseases to board the ship, and strengthen intensive care through various methods to reduce the mortality rate.

The second aspect is to improve living and nutritional conditions on board, strengthen sanitation measures, and must reduce the death rate of immigrants transported across oceans to below 5% or even 3%. This is a hard goal.

After these Chinese immigrants who have signed a mortgage loan contract arrive in North America, the government will take measures to restrict their purposeless flow and reduce the risk and rate of bad debts in the form of a special residence permit.

Another one is that the government will use police stations, courts and other judicial forces to protect the rights and interests of bank debts, and focus on cracking down on some rogue Chinese immigrants as an example to others.

In this way

Under the control of the number, it should be able to greatly reduce the risk of bad debts borne by the bank. Does Mr. Allen think so? "

"Your Majesty, if these policies can be put into place, the bank is confident that the interest rate on immigration loans will be reduced to below 10%, and it will fully cooperate with the government's administration."

"Okay, great, this is the result I want, hahahaha..." Li Cha finally couldn't help laughing heartily after getting a satisfactory answer.

"Your Majesty loves the people like a son, and we are ashamed to do so!" Alan-Maupassant gave a rainbow fart without losing the opportunity.

Li Cha smiled lightly, no one in today's feudal monarchy thinks so carefully, and considers the people so intimately.

As a senior house slave in his previous life, Li Cha knew this very well, and he was unwilling to sacrifice the interests of Chinese immigrants to help some big companies and big banks, even companies directly under the royal family.

A gentleman loves money, and there is a proper way to get it!

Richard is convinced;

The government of the Tang Kingdom has adopted a series of policies to benefit the people. The people who have received tangible benefits can truly experience that the sense of happiness and belonging is greatly improved. This is the most important benefit.

What is a little money?
The financial situation of the royal family reported by Financial Commissioner Wang Yuanqing clearly reflects the characteristics of grasping the large and letting go of the small. With the rapid expansion of the number of immigrants, there are many factories and enterprises. .

In the past 1847, the American River produced a total of 347 million ounces of gold, worth 7000 million Tang yuan, and it was the largest economic output of the Tang Kingdom.

1848 Q1
The total output value of various industries of the Datang Kingdom has approached the gold mining industry, and it has become the economic pillar for the Datang Kingdom to be able to keep pace with the gold mining industry, which is very illustrative.

as superior

Li Cha knows that more and more Chinese immigrants are the foundation of the Tang Kingdom. The larger the population, the stronger the foundation, and the deeper the kingdom's heritage, the more difficult it will be for Americans to shake.

Looking forward to 1848, by the end of the year, the population of the Tang Dynasty will exceed the 100 million mark, and the Kingdom of Tang can be regarded as the first step in North America.

Looking at the increasingly prosperous North American immigration routes, Li Cha's heart was filled with unspeakable joy. The Kingdom's government's primary job is immigration, and the top priority he always pays attention to is also immigration.

(End of this chapter)