I am Emperor Wanli

Chapter 86 The overwhelming wealth

"His Royal Highness has pointed out a clear path for us, which is to establish a bank and issue bills of exchange."

Yang Jinshui’s words stunned everyone.

Someone asked hesitantly, "Eunuch Yang, a bank? Did it evolve from the former Tangjin Bank? Does it specialize in silver business?"

"Yes, it evolved from the former Tangjin Bank. You can say that it specializes in silver business, but according to His Royal Highness, it is called the silver root business."

"Money business? What does money mean?"

"Haha, it sounds complicated, but it's actually very simple. To put it bluntly, it's just silver. But this silver is not ordinary silver. It's silver that is used as currency and is used as an intermediary for everyone's transactions."

The more I listen, the more confused I become.

Someone cupped his hands and went straight to the point: "Eunuch Yang, what exactly is this rule?"

"Does everyone know about the Ming Dynasty's treasure notes?" When Yang Jinshui said this, everyone's face changed drastically.

It’s over. No matter how things turn out, His Royal Highness the Crown Prince will continue the shameless methods of his ancestors and issue treasure notes.

The damn treasure notes, in name only, were used as money, but in reality they were just bone-scraping knives, desperately plundering the people's money.

During the Hongzhi period, this thing was almost like waste paper and even the government did not recognize it.

Anyone who uses banknotes to buy things nowadays will be beaten out.

It only goes in and never goes out.

The government is only responsible for issuing the money, not for collecting it back.

There was no reserve fund, and it was all based on the government's will. It would be issued when there was a shortage of money. Later on, even the Ministry of Revenue didn't know how many denominations had been issued.

The most immoral thing is that the government uses it to pay military salaries, purchase supplies and exchange for gold and silver, but the people are not allowed to use it to pay taxes. It's really too bad!
This made the common people hate the Ming Treasure Notes so much that when they heard Yang Jinshui mention this thing, they thought that the Crown Prince was going to use his ancestral craftsmanship to issue another wave of Ming Treasure Notes, and they all looked unhappy.

Yang Jinshui saw through their thoughts and smiled: "Your Highness knows the shortcomings and dangers of Ming Baochao better than you do.

He wanted the Ming Dynasty to flourish and the people to be rich, so he certainly would not kill the goose that lays the golden eggs. His method was to build a bank and issue bills of exchange.

You transport a shipload of tea from Huguang to Shanghai and sell it directly to Deshengmao, following the market price, and get 5,000 taels of silver. Deshengmao does not pay you directly, but gives you a bank draft for 5,000 taels of silver.

With this bill of exchange, you can buy spices shipped from the South China Sea, silk from the Southeast, and glass. When you pay, just take out the bill of exchange and use the money to deduct the money.

If there is any extra money, you can exchange it for full silver at the bank's Shanghai branch, or you can take it back to Huguang and exchange it for full silver at the Wuchang branch."

Everyone was stunned. There was such a good thing!

Yang Jinshui continued, "The purpose of His Royal Highness setting up a bank is first to reduce the transaction costs of everyone doing business and improve transaction efficiency.

To put it simply, issuing bills of exchange means providing a bank-guaranteed note based on silver for everyone to use in transactions.

When a transaction is made, it is a piece of paper that accompanies the transaction. When the transaction is completed and the payment is settled, it is the account book for everyone to settle the cash. You are all experienced in doing business, and I think you all understand the deep meaning of this. "

Everyone was whispering and talking quietly.

"If that's the case, it will save a lot of trouble for everyone."

"Yes. It's really easy if we use a money order."

"But is this bill of exchange reliable?"

Yang Jinshui listened to the discussion and said, "This bank is called Huijin Bank. The Coordination Bureau invested 2 million taels of silver, accounting for 40% of the total. Xingruixiang, Deshengmao, and Lianshengxiang each invested 500,000 taels of silver, accounting for 30% of the total.

There were still 30% of the remaining shares, and 10 companies were invited to invest, with each share offering 150,000 silver coins. Real money, not a cent less, as the foundation of Huijin Bank.

Each of the fourteen owners sent a representative to form a board of directors to preside over the overall affairs of Huijin Bank.

Recruit more talents, appoint them as managers, and run Huijin Bank."

When everyone heard this, their eyes lit up.

"Eunuch Yang, is this Huijin Bank a privately-owned bank?"

"Private!"

"Return to the Imperial Governor?"

Yang Jinshui said calmly: "Imperial Governor? I represent the Coordination Bureau, isn't that enough? Do you want the Emperor to send someone?" "No, no, we will feel at ease with Eunuch Yang in charge."

"Yep!"

An attendant hurriedly walked up to the city wall and handed a document to Yang Jinshui.

After reading it, Yang Jinshui's face, which had been as silent as water, showed surprise. With trembling hands, he raised the document and spoke in a hoarse voice.

"Just received the imperial report! The Emperor appointed Prince Yu as the Crown Prince, and Prince Yu's son as the Crown Prince!"

Everyone was stunned for a moment, and then fell into ecstasy.

"Everyone, the emperor wants to pass the Ming Dynasty to His Royal Highness, and we are the Crown Prince's foundation! You must accept this overwhelming wealth with all your heart!"

As soon as Yang Jinshui finished speaking, a boss jumped up and said, "I have deposited 150,000 taels of silver at Huijin Bank. It will be delivered tomorrow."

"I have made an investment in Yue Ningxing Bank. I will take it right away!"

"I voted for Ningfengfu"

At the Mengjin ferry in Henan Province, in a pavilion overlooking the river, Yang Bo and Gao Gong sat in it, looking at the rolling Yellow River, feeling filled with emotion.

Gao Gong raised his wine glass and spoke loudly.

"Mr. Wei Yue, I, Gao, have done you wrong in the past. Please forgive me. With this glass of wine, we can forget our grudges and laugh it off!"

Yang Bo seemed to have aged ten years. He raised his wine glass and replied, "Mr. Xinzheng, you are too polite. What grudges could there be between you and me? Let's forget all grudges with a smile!"

The two of them had a drink together.

Yang Bo sighed, "After returning to my hometown, I fished day and night, played with my grandchildren, and lived out my life in peace. I no longer thought about anything else. Lord Xinzheng, you are different. You are just dormant for a while."

Gao Gong stood up, walked to the edge of the pavilion, stood with his hands behind his back, and looked at the rolling Yellow River, and said angrily: "This time, the Jin Party was suddenly hit by a disaster. First, the remnants of Hu Zongxian's Yan Party are still determined to destroy us! Second, Xu Shaohu, the old fox, is behind the scenes fanning the flames.

"As long as I am in the cabinet, he feels like a thorn in his side. He wants to get rid of me as soon as possible!"

Yang Bo shook his head and advised: "Duke Xinzheng, the Jin Party is no longer the same as before. They are too closely connected with those profit-seeking Jin merchants.

This sudden disaster was not caused by a villain, but rather by my own ignorance, and someone caught me. As for Lord Xu, ah, Lord Xinzheng, you are still too impatient. "

"Am I impatient?" Gao Gong turned around abruptly and looked at Yang Bo. "I understand what Lord Wei Yue meant. It's nothing more than that Lord Xu has been the second in command for a thousand years. Now that he has finally become the Prime Minister, he must enjoy himself. Wait a few years, and when Prince Yu ascends the throne, he can hand over the cabinet to me steadily. Is that what you mean?"

Yang Bo didn't say anything, which was tantamount to his agreement.

"Only Mr. Yue, I can wait, but the Ming Dynasty cannot. Yan Song and his party have controlled the government for twenty years. The Ming Dynasty is in a state of desolation, and people's livelihood is declining. Where can there be peace in the southeast, the nine borders, and the southwest?
When the Yan Party was in power, Xu Shaohu pretended to be deaf and dumb and was hypocritical. After defeating the Yan Party, he did not work hard to create new things and get rid of the old and eliminate the malpractices. Instead, he pretended to "return power and blessings to the master", "return government affairs to the various departments", and "return the use and punishment of rewards to public opinion".

Seeking reputation and fame!

Do you really think that all the officials in the court are blind? Lord Wei Yue, the Ming Dynasty has waited for twenty years and finally waited for this day, and you still ask me to wait!
I can’t wait even one more day!”

Yang Bo smiled bitterly and said, "You couldn't even wait for a day, but now you have to wait for several more years!"

Gao Gong was speechless and could only sigh.

An attendant ran over and handed over a court report.

Yang Bo took it and looked at it, his face changed.

"Duke Xinzheng, the emperor has appointed a crown prince."

"What?" Gao Gong was shocked. "The emperor is superstitious about what the Taoist priest said. For twenty years, he has not mentioned the appointment of a crown prince. He even issued a strict decree, saying that anyone who dares to discuss the appointment of a crown prince will be killed.

Why did you suddenly appoint a crown prince? "

"His Royal Highness Prince Jing has passed away."

Gao Gong was stunned for a moment, then shook his head, "There must be other reasons."

"In addition to appointing Prince Yu as the Crown Prince, the Emperor also appointed Prince Yu's son as the Crown Prince!"

"Crown Prince!"

Gao Gongquan understood everything. He turned around with his hands behind his back and looked at the Yellow River flowing in the distance. His eyes were deep and he sighed leisurely.

(End of this chapter)