Borrow the day to change the day

"Your Majesty, I wonder if you've heard about the Jin merchant bank absconding with money?" Zhong Jinwei wasn't sure if Emperor Chongzhen knew about it. After all, you are the emperor of Ming Dynasty, and you usually have too many things to care about. Can this matter be possible? It's really hard to say when it reaches his ears.

Unexpectedly, Emperor Chongzhen recalled it for a while, then nodded and said: "I have heard this matter from Dongchang. Does Master Zhong mean the use of private funds to copy money from ticket numbers?"

After Emperor Chongzhen finished speaking, he was also amused by his absurd idea.His recent large sums of money income were actually obtained through atonement or confiscation of criminals' property, so he thought about this at the first time.

When Zhong Jinwei heard this, he also laughed.After a while, he said: "Of course not, Your Majesty, the confiscation of the proceeds is just a one-shot transaction. It is impossible for the court to raid the house every day. It’s just a breakthrough in the promotion of banknotes.”

Emperor Chongzhen smiled a little embarrassedly, and then asked: "Master Zhong, what is the breakthrough?"

"Your Majesty, do you think that the bank account has run away with the money now? Then those people who deposit the bank account and the bank will not trust the bank account and the bank. But some people can't do without the bank account and the bank. For example, those who do big business, it is impossible to carry a large amount of silver with them to go out to do business, let alone worrying about the insecurity caused by the money being exposed, the weight of the silver alone is enough."

Zhong Jinwei first analyzed the impact of the matter to Emperor Chongzhen, because only on this basis can we continue to talk.

Although Emperor Chongzhen had never done business or been out, Zhong Jinwei spoke plainly, so he could understand: "Master Zhong is right, you mean that the court accepts this business and replaces banknotes with banknotes. Want to promote it?"

When Zhong Jinwei heard this, he couldn't help secretly admiring Emperor Chongzhen's quick thinking, although he missed it, he was not far away.

Thinking of this, he smiled and said to Emperor Chongzhen: "My minister's suggestion is not very different from your Majesty's. It is to let all the bank accounts and banks of Daming pay a certain percentage of silver taels to Daming Royal Bank as a backup. One can solve this problem. Fleeing with the money or other reasons lead to the loss of the people who deposited money in the bank, and on the other hand, they can gather a large amount of silver to the Royal Bank of Ming Dynasty.”

Emperor Chongzhen was overjoyed when he heard it, and it was another way to get money, and it was a lot of money.

But he thought about it again, and asked with a doubtful expression: "Will they pay in this way? This is something that has never happened before. I'm afraid it will be said that the imperial court is blatantly oppressing the people?"

Zhong Jinwei nodded, but explained: "Your Majesty is thinking about it. In the past, it might have been extremely difficult to implement. But now that the Shanxi merchant bank has happened, it is easy. The court must grasp this point and spread the propaganda. This kind of risk. Then the court will come forward and require all bank accounts and banks to pay money to the Daming Royal Bank in order to cope with this situation. Public opinion must emphasize that this is the court’s consideration for the safety of the people’s funds, and there is no selfishness.”

If you do what Master Zhong said, maybe there is a way.In this way, the imperial court has a lot of money, especially in Jiangnan, where there are more money houses.According to what Master Zhong said, each bank pays a certain percentage of silver taels to the branch of the Daming Royal Bank in Yingtianfu, and based on this, vigorously promote banknotes, which will make a lot of difference.

Emperor Chongzhen thought of this, smiled, looked at Zhong Jinwei and praised: "Master Zhong is indeed a genius, and he can quickly get a solution to the banknotes from this matter."

When Zhong Jinwei heard this, he blushed a little, and said embarrassedly: "Your Majesty has praised you, these are actually only practiced by people of later generations."

After explaining for a while, he said to Emperor Chongzhen: "Your Majesty, if this matter is to be implemented, the Royal Bank of Ming Dynasty must be split up, or some things cannot be done by the Royal Bank."

"Oh, what's the explanation?" Emperor Chongzhen felt strange when he heard it. Isn't the Royal Bank of Ming Dynasty good?

"Your Majesty, it's like this. Daming Royal Bank is currently mainly engaged in the business of exchanging silver. In addition, it plans to do business such as lending, which is not much different from ordinary banknotes and banks. If there is a difference, Daming Royal Bank has court Even so, there are some veteran banks and banks that have a good reputation. If they are asked to pay the reserve fund to the Daming Royal Bank, they will have an excuse to say that if the Daming Royal Bank goes bankrupt The situation, how to deal with it, or similar reasons to carry out various boycotts and non-payment of reserves.”

What Zhong Jinwei said was actually giving Emperor Chongzhen face. What's the use of an endorsement from the court background?The reputation currently established is still the result of strict implementation of paper money that can be exchanged for silver at any time.

In terms of credibility, some veteran bank accounts and banks have much better credibility than the previous imperial court, so it is not unreasonable for them to boycott.

Emperor Chongzhen frowned and asked Zhong Jinwei, "Master Zhong, how do you think the Royal Bank of Ming Dynasty should be dismantled?"

When Zhong Jinwei said this, he felt a little bit lost in his heart.After all, he didn't study finance before, but just worked in a bank after graduation.I just know some things about finance, but not comprehensive.

But he knows that this matter must be done, although it is impossible to do it perfectly from the beginning, but what does it matter.Just follow the slogan of the old predecessors of later generations, cross the river by feeling the stones and do it.

What's more, with him here, at least he knows the approximate location of the stone.

Zhong Jinwei said to Emperor Chongzhen: "Your Majesty, all walks of life will establish their own industry associations and elect their leaders to strive for more benefits for the industry. The same is true for banks, that is, bank banks and money houses, and even more so. Urgent. Daming Royal Bank will be the leader of this bank and bank.”

"That's it?" Emperor Chongzhen was a little puzzled, he thought it should be a more complicated matter.

Zhong Jinwei understood the meaning of Emperor Chongzhen, and he explained: "It means this. The specific method is to remove the ordinary business of the Daming Royal Bank, no longer do those businesses, and only do the business of exchanging silver for banknotes. The bank manages all industries related to currency. In this way, it is logical to require all banks, bank accounts, and money houses in Daming to pay a certain percentage of reserves to the Royal Bank of Daming.”

Only now did Zhong Jinwei express his final idea, which is to treat the Daming Royal Bank as the central bank, separate it from ordinary banks, and supervise and supervise all financial institutions in Daming, so that this industry that can influence the country is finally controlled by the imperial court. hands.