The struggle for the throne among nine princes—I really don't want to be the crown prince.

Chapter 199 Setting up a Bank and Attracting Deposits

In fertile fields, the annual yield of sweet potatoes is 1,500 catties!

Who are you looking down on?

This yield would be more acceptable if it were grown on barren, thin fields at the foot of the mountain.

However, the land that Nian Dongliang arranged for himself was all top-quality land!
What's more, the weather has been perfect these past few days, so there's no need for much care. These sweet potatoes are growing exceptionally well!
Shen Ye glanced at the sky; in about half a month, it would be almost autumn.

With the arrival of autumn, those sweet potatoes are almost at the end of their growing season.

Looking at Nian Dongliang, who was humiliated and died with a look of fear on his face, he said indifferently, "Old man, people can say whatever they want."

There's no need to take these idle rumors to heart!

"You just need to do one thing right now: send more people to guard that land for me. Don't worry about what anyone else wants to say."

Looking at the composed Crown Prince, Nian Dongliang had a thought: Could the Crown Prince's land really produce 1,500 catties of grain per mu?
If that's really the case, then...

As a county magistrate, Nian Dongliang had a deep understanding of the hardships faced by the people.

Although he had no shortage of food and clothing, he knew that many ordinary people were going hungry.

Let alone grain, even eating bran and wild vegetables would not be enough to fill our stomachs.

If one mu (unit of land area) could truly produce 1,500 jin (unit of weight) of grain, that would be an immeasurable act of merit!

"Your Highness, rest assured, I will personally lead men to guard the area over there and will absolutely not allow anyone to approach," Nian Dongliang assured him confidently.

Shen Ye waved his hand and said, "No need for that."

"Just arrange for capable people."

At this point, Shen Ye said, "I came to see you this time because I have something for you to do."

Nian Dongliang is already deeply tied to the Crown Prince, so he naturally welcomes the Crown Prince's arrangements.

He even hoped that the Crown Prince would assign him more tasks.

Only in this way can he solidify his position in the Crown Prince's eyes.

However, what the Crown Prince said next left Nian Dongliang feeling a bit dazed.

Let's find a place to open a bank in the bustling Qianmen area!

Although he didn't know what a bank was, it wasn't a difficult question for Nian Dongliang.

After all, he was the magistrate of Daxing County, so finding a place to open a shop was not an easy thing for him.

Moreover, this is a shop opened for the Crown Prince.

The prince can open his shop wherever he wants.

However, the crown prince's second request left him completely dumbfounded.

The bank has attracted three million taels of silver in deposits!

He was stunned when he heard the Crown Prince's words.

He really wanted to ask the Crown Prince, "What gave you such confidence that you believed I could obtain a deposit of three million taels of silver?"

Nowadays, even if people deposit their money in a money exchange, it's a long-established brand!

After all, these money shops have big bosses backing them up and years of reputation, and then they gradually attract deposits and slowly collect deposit commissions...

But you've come up with three million taels right off the bat. Even if I went to rob you, I wouldn't be able to get it!

He gritted his teeth, just about to tell Shen Ye about his difficulties, when Shen Ye said, "It seems a bit difficult for the elderly to attract these three million in deposits, but it's actually quite simple."

"First of all, let's name this bank Yuqing Bank!"

Upon hearing this name, Nian Dongliang felt a great weight lifted from his shoulders.

Just hearing the name, everyone could tell that this bank was backed by the Crown Prince. After all, everyone knew about Yuqing Palace!
Shen Ye named the bank Yuqing Bank because he actually had the idea of ​​bringing the bank under his control.

Although he knew his chances of winning the throne were slim, he was still happy to earn more money and live a more comfortable life.

In his view, opening a bank was a sure-fire way to make money.

As for the Ministry of Revenue's debt of three million taels, once the bank is established, it will be no big deal for Shen Ye.

Once the reputation of Yuqing Bank was established, it would not be an easy task even for Emperor Qianxi to take it back.

Shen Ye said this, then coughed and added, "As for the bank manager, that's me!"

The fact that the Crown Prince is the president of a bank, and specifically Yuqing Bank, is enough to convince many people.

However, a deposit of three million taels of silver is not so easy to obtain!

At the very least, he won't become a pillar of society in the future.

However, he had great confidence in Shen Ye, the crown prince.

The reason for this is Shen Ye's recent performance.

He originally thought that his uncle was doomed by the policy of merging land tax and poll tax.

While they might not be beheaded, losing their official positions was almost inevitable.

However, to his surprise, the Crown Prince's intervention not only turned his uncle from a universally condemned criminal into a pillar of the nation, but also transformed him from a criminal into a pillar of the state.

After all, the policy of merging the poll tax into the land tax will be implemented next.

Although many people hated their uncles with a passion that seeped into their very bones, they could only suppress their resentment.

After all, the policy of merging land tax and poll tax had already been decided, and to use it to impeach one's own uncle would only make things difficult for oneself.

The Crown Prince's methods are definitely not limited to this.

"You must explain clearly where the interest on bank deposits comes from. It is the interest on the debts owed by the Ministry of Revenue, which were secured by the salaries of those debtors."

Shen Ye looked at Nian Dongliang solemnly, his voice tinged with excitement, and said, "You need to mobilize the resources of the yamen runners and village chiefs around you..."

"...Tell them that the bank's deposit limit is only three million taels; they can only accept deposits up to that amount, and they won't accept any more..."

"...Also, give commissions to the yamen runners and village chiefs who bring in deposits. Do you know what commissions are? It means whoever brings in the most deposits gets the most benefits, just like selling insurance..."

In the heat of the conversation, Shen Ye almost revealed some things from his past life.

Nian Dongliang was listening intently when the Crown Prince suddenly stopped speaking, and couldn't help but ask, "Your Highness, what are you selling?"

"You don't need to worry about what to sell."

"Just remember to follow this method."

"Also, tell those yamen runners and village chiefs that they can find people to help them attract deposits, and they can also take a portion of these people's commissions..."

Nian Dongliang was completely confused and dizzy from what he heard.

What the crown prince said seemed simple, yet also profound; upon closer examination, it seemed quite reasonable.

But will this really work?

Can this debt of three million taels of silver really be converted into a deposit?

"Old man, please estimate the commission amount for me. Remember one thing: the commission amount cannot exceed the installment interest generated by the debt owed to the Ministry of Revenue."

At this point, Shen Ye patted Nian Dongliang on the shoulder and said, "I believe that with you, old man, taking charge, we can raise the three million taels of silver very quickly."

Although Nian Dongliang himself was not confident, seeing the Crown Prince's "I have high hopes for you" attitude, he could only bow his head and accept the order.

Is this really going to work?
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(End of this chapter)