Autumn of the 17th year of Chongzhen

Chapter 1002 The Evolving Bank
Now the Ming Dynasty regime is on the rise, and the reputation of the court has been good in recent years, so it is very easy to borrow money. It is even said that it is not only easy, but many people try to find ways to borrow money from the court.

It is risky to lend the bank's money to ordinary firms, but lending it to the imperial court is a profitable business. In particular, the largest shareholders of Wudehao are the Hengyang Wang family, the Liping He family, as well as the Chu faction bureaucrats, the five Loyal officers, these emerging nobles, control the court, and the Wudehao doesn't have to worry about the court not paying back the money.

The imperial court needed to borrow money, and the Wude Hao was willing to borrow money, but this matter was still rejected in the meeting hall.

Su Guansheng said that the meeting hall would not pass, not that he could not borrow money, but that he did not want to borrow money from Wudehao.

Without it, Wudehao lent money from Cantonese merchants and Chu merchants to the imperial court, and the interest paid by the court to Wudehao far exceeded the interest paid by Wudehao to the following firms.Once in and out, he made money. He was like a white wolf with empty hands, making money lying down, and other factions were naturally jealous.Everyone works so hard to make money, why you can make money by paying the bills, they naturally don't do it.

There are also reasons why the imperial court did not borrow directly from merchants.Because the power to borrow from is in the hands of the bureaucrats, ordinary businessmen have no channels and connections, so naturally they cannot borrow from the imperial court. If they want to make profits, they can only exchange power for money and lead the way through bureaucrats.

Second, merchants dare not lend directly to the court.Borrowing is equivalent to cutting off the bureaucrats' financial resources. If the officials procrastinate casually and practice Tai Chi, they can lose everything. Insurance.

This is the same reason that later generations of national debt are sold through banks.

Although the income of the businessmen is lower in this way, after all, insurance still makes money, and the government and businessmen collude and make a fortune together in harmony.

Wang Yan has always wanted to use the Wude to control the financial power and the economy of Ming Dynasty, so he tried his best to absorb some rich families from Jiangsu and Zhejiang, and wanted to integrate the bureaucratic group into one system.

Tang Wang and Lu Wang saw that Wang Yan passed through a Wudehao, so they pried their corners, so they each set up a bank similar to the Wudehao to kidnap their confidantes.

The Chu faction accounted for more than [-]% of the five virtues. Although Wang Yan gave up some benefits to the forces of Jiangsu, Zhejiang, Jiangxi, and Fujian, but after all, only a small number of them can be given away, and it is still not as much as Tang and Lu put on airs. .

Although the two banks are still very weak and don't have much harvest, the prospects are good. The two kings have channels and resources in the court. As long as they can get a share, there will be merchants who are willing to send money. The appearance of the German number.

Out of optimism about the future prospects, and because they can only eat soup after entering the Wude, many people turned back to support Tang Lu's two banks.

This time, the imperial court planned to borrow 500 million taels to attack the Kingdom of Jin, and the meeting hall immediately exploded.

The Tang and Lu factions immediately opposed it. Of course, what they opposed was not that they were not allowed to borrow money, but that they could not ask Wu Dehao’s family to borrow money. We also have money, so why not ask us to borrow money.

This time, Wudehao originally gave a three-point profit, and it would earn more than 300 taels. As a result, the other two banks with Tang Lu's background reduced the profit to two points, which was obviously more cost-effective. Can press down, and finally watched the fight go on, everyone did not make a profit, so Wang Yan came forward to mediate and reached a compromise. Wude got a share of 100 million taels, Tang Wang's Mingde, Lu Wang's Dingsheng, each divided [-] million taels.

This kind of competition, the imperial court is a bit more cost-effective, and it has lost tens of thousands of taels of silver. Many ministers with conscience have learned from it. The original request for the imperial court to borrow money in the future must involve more banks at the same time. The imperial court chooses the best conditions. Favorable persons, one or several lenders.

This time Tang and Lu easily earned tens of thousands of taels. Apart from being happy, they even coveted the Wude Hao, but it was useless for them to be envious.

Although Tang and Lu had long planned to use the Wude, but faced with such a monster, they couldn't do anything.

Now this interest group has become a cancer of the Ming Dynasty, constantly sucking the blood of the court.

Among them are the ruling Chu faction officials, the army, the local gentry, and the interests of various military and industrial companies, and this force is enough to overthrow the imperial court.

Even if King Tang and King Lu destroyed the Wang and He families, they would not be able to touch the Wude, they could only choose to integrate into the Wude, or create a new monster like the Wude to attract the forces behind the Wude .

The king of Tang and the king of Lu followed suit, each set up a bank, and then gave shares to the people around them, and used their resources and channels in the court to seek benefits and unite the people around them.

However, although the bank has been built, they want to make a profit, which is still far behind the Wudehao.

Although the Mingde and Dingsheng each received a share of 100 million, the money was not deposited into the household department, but placed in the Wude.

This made the Tang and Lu kings quite angry, but they had to do that, because even if the money was transported to the household department, the household department still had to transport the money to Wudehao, because directly depositing it in Wudehao could reduce a lot of transportation costs and losses.

The imperial court has to prepare for war and prepare materials. The food is transported by the merchants, and the weapons and equipment are mainly made by the merchants and workshops. These merchants currently use the Wude name for settlement, so the imperial court can only save money. Save it to Wude.

During the whole process, apart from Tang Lu's two banks transporting silver to Wudehao once, the 300 million silver in Wudehao was hardly touched, but the whole operation process was not affected.

Silver is a very heavy item. Every business has to hand over the supplies to the imperial court, and then take the cash back. Not only is it inconvenient to transport, but it also bears the risk of being robbed and hired bodyguards to escort it. Therefore, most of the businesses choose to store the silver directly in the Wude No. , When you want it, you can directly exchange it with a bank note, and in this way, the Wudehao has the right to settle the currency.

The money has not been moved in the warehouse, but the account has been transferred on the books, and the trade and loan have been completed.

While promoting business development, Wudehao has once again made a lot of money through intermediate settlement, and is rapidly expanding, evolving, and undergoing transformation.

Mingde and Dingsheng want to do this, but it is impossible. Apart from the fact that they do not have semicolons all over the country, they do not have a strict account reconciliation system, and they have experienced old accountants who can understand banknote codes and anti-counterfeiting. These excellent conditions In addition, there is no long-term accumulated reputation, and a large number of firms and workshops with business contacts, so at present, they can only make a small amount of money.

After the imperial court reached a loan agreement with the three banks, the silver was stored in Wudehao. The Ministry of War first began to allocate grain and grass. .

The Ministry of Industry placed orders with various workshops to make armor for the imperial court and rush to make winter clothes. The same was true. The money was transferred to the accounts of each workshop through the bank.

In this way, things were done much faster, and the workshops in various places that had just finished preparing for the Southwest War and thought they would take a break for a period of time started production again at full capacity.

The previous war in the southwest consumed a large amount of materials from the Ming Dynasty. Although the court agreed to He Tengjiao's plan, it did not mean that the war would start immediately.Especially in the direction of Shangyong, there is no preparation at all. It will take at least three months for the supplies and troops to arrive. In addition, the imperial court pacified Yunnan, recovered eastern Sichuan and southern Sichuan, and acquired thousands of miles of land at once. Officials were dispatched to clear the place and digest the fruits. It is estimated that the recovery of Sichuan will take at least until the Chinese New Year.

However, there is no need to worry, because the Kingdom of Jin lost more than 3 people, and it will not be able to recover in three or four months. It will take several months for Haoge to mobilize troops and deliver supplies.

(Thanks to Galford for the 1000 reward, thank you for the monthly pass and recommendation, there are more than 1000 chapters, and there is no testimonial, I promise not to supervise it)

(End of this chapter)