Chapter 3 Bank

"Your Majesty, Queen Mother, now that the new version of the silver dollar has been approved, the next step is whether it can be printed in batches. Uploaded by netizens."

Seeing that the emperor and the queen mother were very satisfied with the silver coins that were printed now, Yue Su said while the iron was hot.

"What the Qing family said is absolutely true. The next step is to print in large quantities. This matter will be handled by the Qing family with full authority," Zhang Yan said.

"I obey the order." Yue Su agreed, then added: "The mass production of silver coins and silver horns is absolutely problematic. I can guarantee that within one month, five million taels of silver coins and silver horns can be produced.

. However, regarding the issue of exchange, it seems that we need to add an additional yamen. I have already thought of a name for the new yamen. It will be called the National Bank. I wonder what the emperor and the queen mother want?"

"Currency reform must be oriented to the whole country. It is indeed necessary to add an additional yamen. The name National Bank is indeed good, and the emperor has approved it. But... how many officials will this National Bank have, and what name should the chief officer give?" Zhang Yan

said.

"I believe that the chief officer of the National Bank should be called President. The rank of official residence can be determined by the emperor. There does not need to be too many officials below him. It is enough to appoint a few people in the household department to take charge of their affairs. Others can

, there is no need to have grades. However, in the future, when it is circulated and exchanged in all provinces in the world, it is necessary to open branches and appoint a group of branch presidents. Among these people, except for the branch presidents, the rest of the subordinates do not need to be given grades." Yue

Su said.

"Yes, Yue Qing will be the one to supervise it. As the first president of the National Bank, the Ai family thought that they should just appoint Yue Qing to take charge. After all, everything is handled by Yue Qing. If it were replaced by someone else, the Ai family would

Even the emperor will not be at ease. As for the grade, just like the Metropolitan Procuratorate, the president is designated as the third grade. When the national bank has been running for a period of time, Aiqing can recommend someone else to take the post." Zhang Yan said.

"Thank you, Your Majesty. Thank you very much, Queen Mother." The Queen Mother appointed Yue Su as the first president of the National Bank. After Yue Su thanked him for his kindness, he rarely reciprocated the favor. He then continued: "Your Majesty, Queen Mother, before printing currency

Matters of concern to the world cannot be handled by the National Bank alone. There are twenty-four yamen in the inner palace. I think it is possible to add a Mint Bureau and share the burden with the National Bank, which can also play a certain supervisory role.

.At the same time, we should also set up a censor within the National Bank to provide supervision."

Although this national bank has just been established and is not particularly eye-catching, Yue Su is aware of its great power. Therefore, he took the initiative to ask the inner palace to send someone to supervise it. After all, when coinage was being made, the inner palace supervisor also

There have been people.

Zhang Yan nodded and said: "What the Qing family proposes is that, just as the Qing family said, a mint bureau will be established in the inner palace. As for the eunuch who holds the seal, let... Zhao Zhi take over."

"Your Majesty, the Queen Mother is wise. Also, I believe that after the new currency is introduced, laws must also be issued. For example, making coins without authorization is the biggest crime and can punish the nine tribes." Yue Su suggested again.

"Yes, making coins without authorization is tantamount to rebellion and can lead to the annihilation of nine tribes." These days, making coins without permission is equivalent to stealing business from the imperial court. Of course, it must be severely punished and prohibited.

But having said that, the cost of making fake silver coins is not low. Unlike today’s pen and paper, which can be printed with paper, you must at least have a lot of silver on hand to make fake silver coins. People are not fools. They can tell whether they are silver at a glance.

You can see. Just like Yuan Datou, if you blow it, it can still make a sound. How can you cheat?

To put it bluntly, if you want to make counterfeit silver coins, first of all, you must be rich, and secondly, you must have certain connections. Now legislation has been enacted to make unauthorized coinage a felony, which can at least act as a deterrent to those who are capable of counterfeiting.

, before taking action, you must weigh it first.

Next, Yue Su began to get busy with the affairs of the National Bank. The first step was naturally to establish the national head office. What Master Yue had to do must be vigorous and resolute. He quickly selected a large house and started construction. Then

, We recruited people in the city to start branches. In such a large city of Beijing, it is not enough to have nearly a hundred branches. There must be one for every five or six streets at least.

Even though Mr. Yue had never worked in a bank in his previous life, he still knew something about it. With the help of a group of officials from the account department, it didn't take long for the bank to have a decent appearance. Yue Su was interested in developing deposit and withdrawal services.

But these days, gold and silver will not go moldy. People have some money at home and keep it all at home. Who will let others keep it? Therefore, it is really unrealistic to start this business now and can only put it away.

After one month, according to Yue Su's plan, five million taels of silver dollars and silver horns were all made. Yue Su ordered them to be distributed to various branches in Beijing to start the exchange, and also sent many accountants to supervise the exchange.

Accounts. With Mr. Yue as the president, who dares to take advantage of someone else's heart and dare to cheat? They all do it honestly, for fear that there will be something wrong with the accounts. It can be said that the imperial court has allocated 50,000 taels of silver dollars to you.

When the time comes, as much silver as you exchange out will be sent back to the head office.

Notices from the imperial court were also plastered all over the streets and alleys of Beijing and in various shops, ordering people and merchants to use currency customized by the imperial court for future purchases and sales. The original gold and silver could not be used again and had to be exchanged at banks. The imperial court was not at a loss.

Yours, one tael of silver is exchanged for one silver dollar, the weight is equal, and it is equivalent to one tael of silver.

Not only that, all the big and small yamen in Beijing, including spies from Dongchang and Jinyiwei, were dispatched to supervise overtly and covertly. The objects of supervision were all merchants. Anyone who dared to trade without custom-made currency would be punished as treason.

Now that the imperial court has said this, merchants and people should go to exchange currency with the attitude of giving it a try. When they go to the bank, they see that the newly issued currency is also silver, very beautifully made, and the portions are sufficient. What else?

If there's nothing to say, just exchange it normally. After all, the court didn't take anyone.

Merchants are actually happy to exchange it into a unified currency. In the past, when doing transactions, when giving more or less, the silver had to be weighed. Now that it is unified, there is no need to work as hard as before and use silver scissors to break the silver. Everyone is doing it.

Save worry and effort.

The capital is the largest trade center in the north, with countless merchants coming and going. If you want to do business here, you must exchange currency, otherwise no one will dare to do business with you. Even eating, drinking, and staying in a hotel without coinage is not good.

So, many foreign businessmen have to go to banks to exchange currency. Anyway, it's all silver, so foreign merchants have nothing to say, and everyone knows that it won't be long before everything is the same across the country. Now you can exchange it and get it.

My hometown is also something new.

The money exchange in the capital was like a flood. Whether you were a peddler or a dignitary, as long as you wanted to exchange money, you had to exchange it first. The five million taels of silver that were first issued were all exchanged within five days. Good.

Mr. Zaiyue had already made preparations. He has not been idle in the past five days. In addition to collecting the exchanged silver and continuing printing, he also allocated another one million taels of silver from the Ministry of Revenue to rush the work. He also suggested to the Queen Mother

, took out the internal funds and turned them into silver coins. She even told the Queen Mother that the silver exchanged would still belong to the royal family. This was a good way for Dauchi to make money. Of course, Zhang Yan was willing to immediately make money from the internal funds.

He allocated three million taels to Yue Su and printed money for me immediately.

There are many wealthy people in the capital, and there are countless people who have thousands of taels of silver at home. After exchanging them, they can at least exchange for more than 100 million taels of silver. Sometimes, the silver dollars in various branches are not enough to exchange in one day.

During the imperial currency reform, officials in Beijing were paid in silver dollars, and taxes were collected in silver dollars. No matter what you did, you had to use silver dollars. As a result, within two months, silver dollars became completely popular in Beijing.

Thousands of mint craftsmen worked day and night. In just two months, the imperial court produced a total of 30 million silver coins. Excluding labor and other expenses, the profit was 278%. In total, it made almost 90%.

One million taels of silver. Is there any business in the world that is more profitable than printing money? Even if it is not printing paper and pen, just printing silver dollars is enough.

The Queen Mother paid three million taels of silver as the cost, and earned more than one million with compound interest. She was smiling every day, and she admired Yue Su even more in her heart, so she simply increased investment and took out almost all her internal funds.

Okay, eight million taels of silver. Print money as hard as you can. If the people are not enough, hire more. If the molds are not enough, make them again.

If the city of Beijing can earn so much, how much will it earn if the whole country implements it?

Soon, Yue Su went to Beizhili and carried out the campaign in full swing in Beizhili. Beizhili governed eight prefectures: Shuntian, Baoding, Hejian, Zhending, Shunde, Guangping, Daming, and Yongping. Within the prefecture, there were two levels

There is one branch, and the branch president is one level lower than the local prefect. There are also ten first-level branches and forty second-level branches. The first-level branch president is Cong Qipin, and the second-level branch president is Cong8pin.

A county has one first-level branch, four second-level branches and ten third-level branches in the county. The president of the third-level branch is the ninth grade. Each town in the county, depending on the size of the town, such as a large town, has a second-level branch.

One branch has two third-level branches; in a small town, there are only one or two third-level branches.

At the same time as the development in North Zhili, Mr. Yue also sent people to South Zhili to open a first-class branch in Nanjing City. The president was Cong Sanpin. After all, it was a first-class branch in Nanjing and other provinces. The president gave

It is the fourth rank. South Zhili governs fourteen prefectures, namely: Yingtian, Fengyang, Huai'an, Yangzhou, Suzhou, Songjiang, Changzhou, Zhenjiang, Luzhou, Anqing, Taiping, Chizhou, Ningguo, Huizhou, and Beizhili

In the same way, they began to select locations to open banks. During the construction of the bank, silver, silver coins, silver horns, molds, and skilled workers were transferred from Beijing to Nanjing by water.

In the southern Zhili area, it is also difficult to carry out all the xng at once. Yue Su means to start in Nanjing first, and then spread to all prefectures. The first-level branch in Nanjing and the second-level branches in the subordinate prefectures have the right to make silver coins on their own.

But it requires the supervision of the imperial court, and supervisory censors and secret spies in Dongchang must be sent to every place.
Chapter completed!