Water Margin farming to become powerful

Chapter 354 Seigniorage is Big Business
Everyone didn't react when they heard the words, and they didn't understand how the issuing Jiaozi could make money other than the handling fee during the exchange.

Sun Xin said with a smile: "How much money do we have in the supervisory bank?"

Jiang Jing on the side quickly replied: "The money in the bank has exceeded 80."

This figure made everyone present quite proud.

You must know that Dengzhou's annual tax is only more than 20 guan, and the supervisory committee has 80 guan in the bank, which is not counted as the released money.

The money released by Supervisory Exchange Bank is the deposits of member dealers, and many of them have participated in the construction of various supervisory committees.

These funds will either be recovered with interest plus principal in the future, or will continue to generate profits. The financial situation of the Supervisory Committee can be regarded as quite healthy.

But Sun Xinyan nodded and smiled: "If we use the 80 yuan as the basis, how much money should we release?"

Tao Zongwang thought for a while and replied: "80 guan, in order to prevent others from being run on, at most 60 guan can be released."

"If it is calculated according to the 30 guan fee for cashing the usual money, if the 60 guan money can be released, the handling fee may be more than 1 guan by then."

Sun Xin just shook his head with a smile on his face. Everyone didn't understand it. They just thought Tao Zongwang was right and didn't understand what Sun Xin was laughing at.

He looked at Jiang Jing at the side, and saw Jiang Jing was frowning in thought, and sure enough, he widened his eyes and looked at Sun Xin after a while.

Sun Xin knew that he understood, and said with a smile: "Brother Jiang Jing, please tell me."

Jiang Jing took a deep breath and said in a trembling voice: "Since we have a principal of 80 guan, if only half of the people will take back the banknotes and convert them into cash, we can release 160 million guan. If some people will exchange the jiaozi into cash... we can release 800 million yuan!"

"How much?" Zou Run was dumbfounded, 800 million yuan, the commercial tax in the whole of Shandong was not so much last year... How could their small supervisory bank in Dengzhou release so much money?
Sun Xin nodded and smiled, "Everyone should know how big this business is."

Everyone took a deep breath together, and they finally understood why Sun Xin attached so much importance to the operation of the supervisory bank.

Sun Xin’s supervisory committee has a lot of projects, and now he can basically make money with project investment, and he has a lot of money. He has long wanted to open a bank. The money issued by these banks does not need to find projects, and directly invests in In the enterprises of the supervisory board, it will not be able to earn back in a few years.

It is reasonable that the entire Dengzhou has more resources and less money, and it is a waste of manpower to use copper coins of more than ten catties for transactions without banknotes. How much does a cart of hemp yarn weigh?There are not even as many vehicles transporting money to Dengzhou as there are vehicles transporting hemp yarn to Dengzhou.

Of course, Sun Xin will not reduce the deposit and issuance reserve to such a low position as [-]%. This is a once-in-a-lifetime opportunity. Directly printing paper can be used as money, as long as Sun Xin guarantees the credit of the bank through the supervisory board And to control this system, Sun Xin is confident that this system will never collapse, at least until his career grows bigger.

Soon Sunjiazhuang sent letters to all places in Dengzhou, calling all the supervisors who could go home to come back for a meeting. After three consecutive meetings, Sun Xin determined the preliminary task of the Bank of the Supervisory Committee to issue banknotes.

First, attract Zhao Ji as a shareholder of the Bank of the Supervisory Committee, occupying 5.00% of the share capital, and use tiger skin as a banner. This is the most important reliance for Sun Xin to issue banknotes.

Second, after a large number of statistics and calculations, the Supervisory Committee determined the reserve ratio for banknote issuance at 15.00%. The Bank of the Supervisory Committee and the Supervisory Committee use the same system, and the amount of banknotes issued by the bank must be reviewed and approved by the Supervisory Committee.

Third, issue small coins first.

The denominations of Jiaozi or Qiancai Bank in this era are very large, because small copper coins are easy to carry, and many people habitually use copper coins for small purchases, so Jiaozi only issue large denominations, and they are always ten. Hundreds of coins are naturally easy to cause a run, but it is not so easy if you want to get together a small amount of more than a dozen or so.

Fourth, use the power of the Supervisory Committee to guarantee the credibility of banknotes. From now on, the cadres of the Supervisory Committee will all use banknotes when paying their salaries, and all taxes within the Supervisory Committee must also accept banknotes and cannot be rejected.

The supervisory committee banks of each village must also ensure that all banknotes are exchanged at the shop, and can be exchanged for the corresponding amount of copper coins at any time.

These regulations were listed out in detail, plus various detailed rules, which were more than 50 pages long. Everyone read it carefully and expressed their admiration for it.

In fact, there is a natural demand for banknotes in this era. Otherwise, the Jiaozi market would not have spontaneously formed in Central Sichuan. After issuing banknotes, you don’t need to carry hundreds of thousands of catties of copper coins when you travel around. Expensive, even if there is an exchange fee, the issuance of banknotes has been unstoppable in history.

In the late Qing Dynasty in the history of Sun Xin’s previous life, with the convenience of transportation and the prosperity of commerce, a large number of institutions that issued private banknotes appeared naturally, and were later replaced by local banks. It can be seen that they can support so many local tyrants and bad students. The profits are so huge that this is simply a blue ocean market, and Sun Xin has the supervisory committee as his backer, so it is impossible to lose money if he enters it.

Compared with those landlords and local tyrants who dare to issue banknotes relying on grain from a granary, Sun Xin's four regulations and more than 50 pages of detailed rules are already well-prepared, and the banknotes issued are directly invested in the business of the Supervisory Committee. Too complex financial operations are required, and the risk can be controlled within a small range.

After confirming the detailed rules, Sun Xin quickly sent someone to contact Bianliang, and Zhao Ji's reply arrived soon.

Zhao Ji is only 34 years old this year. After talking with him a few times, Sun Xin can probably confirm that this guy is a lazy and fun-loving guy, with an artistic temperament.

To deal with this kind of person, it is enough to rely on deception and seduction, so Sun Xin emphasized the profit of the banking business in a very respectful tone in the letter, while other things were vaguely mentioned.

Sure enough, in Zhao Ji's reply letter, he was very interested in this high-profit business.

He didn't look carefully at what a bank is at all, and thought that Sun Xin was going to open a Jiaozi shop. This kind of business is basically a gray area, but in Zhao Ji's impression, he must make a lot of money, otherwise he wouldn't be so People in Duochuan still do this business even if it is against the law.

Sun Xin is a local local snake in Dengzhou. Zhao Ji felt that he would be able to do a good job in this business, so he agreed to become a shareholder in the letter.

Don't think this is some kind of unexpected tolerance. Zhao Ji has always promoted people who can give him money, regardless of high or low.

Zhu Xi was a rogue who sold medicine. Because he was able to amass money, he was appreciated by Zhao Ji. He was even able to raise private soldiers in Hangzhou City. When he saw someone with money, he would go straight into the house to rob it.

Hangzhou and Dengzhou are very different, and that is where the real prosperity of the south of the Yangtze River lies.

Don't think that Zhao Ji is a middle-aged man like the Jade Emperor in the TV series. Zhao Ji was only 23 years old when he promoted Zhu Xi to preside over the Suzhou Yingfeng Bureau's search for flowers and stones. He is only three or four years older than the current Sun Xin. To dare to do such a thing at the age of 23 is definitely a coddled and daring person.

In the letter, Zhao Ji directly agreed to take a 5.00% stake in Sun Xin's bank, and generously stated that he would use the Huangdian in Dengzhou as a mortgage.

According to the number reported by Sun Xin, 5.00% of the shares can be worth at least 3000 yuan. They have heard about Dengzhou Huangdian for a long time.

But even so, when Sun Xin took someone to clean up, he was still very happy.

This imperial store is just a dilapidated shop. I heard that Sun Xin is coming to take over, and the two eunuchs can take whatever they can, not to mention the gold and silver fine furniture and decorations, they wish they could even remove the plaques.

This store is nominally specialized in salt management, but there is not even a salt basket or salt scale left.

The warehouse is even more empty to run mice.

If this shop really went on sale in the market, no one would buy fifty guan, but Sun Xin could only think it was worth [-] guan, and he had to send away two eunuchs with a smile, and let them take away a few more. Cheng Yi, who was ten years old, watched the two leave in the car. Sun Xin had already scolded Zhao Ji in her heart, saying that one Buddha was born and two Buddhas ascended to heaven.

This is still a poor and remote Dengzhou, and Zhao Ji's imperial store is so exaggerated, he can completely understand why Fang Lahui was able to gather a crowd to rebel in Huashigang, where the most severe levy is in the south of the Yangtze River.

Sunjiazhuang.

Lao Chen walked through the market with his hands behind his back and a smile.He was the old farmer who brought Lu Zhishen to introduce the situation of Sunjiazhuang and took him to see the shadow puppet show.

When he is now in his early sixties, he is definitely considered an old man at this age, and most of them are already suffering from illness in bed, but Lao Chen has enjoyed some blessings in the past few years, so his body is still strong. Go to the field with a hoe to earn centimeters.

The rammed earth on both sides was installed, and large characters were written in white ash on the wall:
"Deep and thick buried to do a good job of tiller protection"

"Work hard to support Qingzhou"

"Fully support the issuance of protected banknotes"

Lao Chen looked at the door with his hands behind his back for a while, then nodded in satisfaction.

In fact, he can't read, but as long as he sees the propaganda of the Supervisory Committee, he is really happy.

Walking into the house with his hands behind his back, Lao Chen saw his daughter-in-law busy cooking there.

When Chen Wang saw Lao Chen coming in, he just called out "Father" and continued cutting vegetables without looking up.

Old Chen frowned slightly. In the past, if his daughter-in-law dared to neglect him like this, he would have lost his temper a long time ago.

But now thinking that his daughter-in-law also works in the textile factory, and has to go to the night shift after cooking, and her income is much higher than his, Lao Chen doesn't dare to talk too much.

After a while, the son also came back from the day shift. When he saw his father, he yelled with a smile all over his face, and Lao Chen nodded with satisfaction.

Both son and daughter-in-law work in the factory, and the family's income can be as much as usual every month, so life is always very nourishing.

Before the meal was ready, Lao Chen sat down on his seat and asked, "Did you pay out the money today?"

"Sent," the son took out a red ticket from his pocket.

Old Chen was stunned for a moment, then picked up the banknote that had always been printed exquisitely.

"what is this?"

The son smiled and said, "This is money, banknotes."

Lao Chen opened his mouth wide in shock, shaking the protection note in his hand.

"This light thing is money? Whose money is drawn?"

(End of this chapter)