Solomon sat in front of Jindellberg again, but this time he was far more than him in the room, and there were other merchants.

These merchants are currently members of the Mercantile Exchange Management Committee at home, and together with Jindellberg and Derek, they hold the power of the Mercantile Exchange.

After hearing Solomon's words, Jindellberg smiled and said, "I am very happy that His Majesty the King invites us to enter the Parliament to discuss politics together. However, our personal abilities are limited and I am afraid that we still cannot provide the loans needed to support the war."

Other committee members also began to talk, some said, "Yes, Mr. Solomon, no, it is our young Sir Solomon. We have listened to you and paid taxes to the Kingdom. This is the limit of our ability. Next we should enjoy the benefits of paying taxes. How can we make us pay for it again?"

"Mr. Solomon, I am very grateful for everything you have fought for us. This is what I want to say. You have also seen that we paid taxes, but the protection given to us by the Kingdom is not enough. Of course, I have also seen that the Kingdom has worked very hard, but I want to say that this is not enough, this is not enough, do you understand? We hope that the caravan can walk freely anywhere in Yugudlar." Someone shouted with his arms waving.

Solomon listened to the merchants with great grace, even if they were dissatisfied and complained.

"Melligans, it is my dream to enter the parliament. Think about it. If we can sit in, we will be on par with the nobles in the future." A fat businessman said with a little stuttering.

The thin businessman he called Meligans next to him sneered, "Of course, I hope, too. But this is not enough to make me take out more money. If you like, you can donate some more money to His Majesty and see if he will allow you to enter the parliament alone."

"Sir Solomon, can you help us report it to His Majesty? We paid taxes, but the security guarantee for us is not enough. Just before this time, I was attacked by the army. Do you know, although I was lucky and fled under the cover of the guard, my guard suffered a great loss." Someone squeezed into Solomon and shouted.

This aroused an idea from other merchants, so someone followed, "Yes, Mr. Solomon, I heard from the president that you refused to help us again, why? We sincerely hope that you can stand up and lead our guard."

Someone started, so the second and third ones turned the topic to this, and most of them clearly stated that they were willing to hand over the private guards in their hands to Solomon for unified command, specifically responsible for the safety of merchants and the smooth flow of trade routes.

The war in Yugudlar became more and more intense. Fortunately, after paying taxes to the king, the merchants were protected by their team and their trade routes were expanded. However, soon with the fierce resistance of the indigenous people and the conflict of interests of the same Keos nation, Asturias' protection for merchants could only be guaranteed to be in the original trade zone and could no longer be protected in the areas where merchants expanded or needed them.

Of course, the merchants were not very satisfied with this, but there was nothing we could do about it. So the unwilling merchants began to hire some private guards, and the more they earned, the size of the guards began to rise.

The guards of one or two squads are not particularly powerful, even if the mercenaries are capable of comparable to Wolf or Rhine.

A large group of fully armed Wolf is definitely an invincible elite in the Black Rock plane and can sweep across, but when placed in a silver-level plane like Yugudlar, it can only be considered elite soldiers at most.

Merchants can realize with a shrewd mind that they should gather their guards together, just like gathering five fingers together and clenching them into fists, so that they can play a greater role. However, although they have a shrewd vision and mind, they lack a trustworthy military wizard.

Trust, military wizards are indispensable.

Especially the former, military talents, the people they hire may not be able to find a few suitable commanders, but no captain or deputy captain of the guard team can satisfy all merchants.

Innately, merchants would think that the commanders selected from them would give priority to their own commissioners and handing over the warriors they hired to them is spending their own money to help others.

To meet two conditions at the same time, the most suitable candidate in their eyes was Solomon, but he was rejected once very early.

After Solomon won the chess championship this time, the topic was talked about by merchants again.

"Sir Solomon, think about it again. Accept our invitation. If you agree, the commission can be negotiated. If you are really unsatisfied, we can even promise you that each person will give you three percent of the profit." Jindellberg said.

The conditions proposed by Jindellberg this time are amazingly generous. You should know that although each person only pays five percent of the profit, the commodity exchange now employs at least hundreds of merchants in the Guard. Including, Solomon's pure profits are higher than those of a single merchant.

"Everyone, I really want to cooperate with you, but I want to remind you that if the kingdom loses in this war, your interests may not be guaranteed." Solomon glanced at the merchants.

The merchants suddenly became quiet, and they understood what Solomon meant that if Asturias lost in the war, it meant that their merchants would lose the market in Yugudlar and Faroción, and even the workshop owners in China would not have a good time, because the merchants traded their own goods from them.

Of course, this is not impossible to avoid. For example, merchants can go to other countries, but in this case, it is not without cost.

Changing the family first means that the reputation and goodwill generated by the investment in Asturias will be temporarily useless or seriously discounted in a foreign country. It is impossible to rebuild a connection in a foreign country without cost, or even costly, because people know that you were a businessman in Asturias before.

Only those with strength are qualified to change their families. More small and medium-sized businessmen may not even have this qualification because their large amount of wealth has been rooted in their own country.

"But, jazz. It's not enough to just let us enter the parliament. The nobles will only give us a chance to hear it at most." Jindellberg raised his hand and signaled the noisy merchants to stop first.

"Yes, we don't want the Kingdom to fail in war. After all, this is related to our vital interests, but how can we believe that the Kingdom will pay us back the money in the end?"

"So I thought of a solution for everyone." Solomon, "and, if everyone agrees with this method, I am willing to put the money in with everyone and lend it out."

"What's the solution?" The merchants heard that Solomon was not just convinced them, but lent the money to them themselves, and they were a little confident.

Solomon began to speak out his plan.

Solomon's plan was to set up a bank that allowed a lot of people to invest money in this bank as principal, so that the capital could be strong enough and enough money to borrow in the shortest time.

But at the same time, because there are so many people, the risk shared by each person will be smaller. Of course, this means that the benefits will be diluted, depending on what they think. But the current problem of merchants is that they are worried about risks, so the number of people will make them more confident. Otherwise, they will only let more than a dozen members of the commodity exchange management committees here borrow money. Not to mention that they cannot support the number, even if they can continue, it will be a risk of losing all their money.

The advantage of this is that because of this bank, merchants also share the interests and risks, they form a rope.

Merchants have always been very loose. In the past, only guilds were close, but because the leaders of merchant guilds often curry favor with the great nobles who could bring them huge business opportunities, and ignore the interests of small and medium-sized merchants, this closeness is also very limited.

Commodity exchanges should be said to be a better start, expanding the contact between merchants.

Next, let’s talk about this plan. After the bank is established, the interest on borrowing money is 10% annually, which is not high, and is only slightly higher than the current loan interest of Franklin Bank.

By the way, the interest rate of the Franklin St. Continent branch has become a weather vane in the city, because there are too many goldsmith banks paying tribute to him and his every move now has an impact on the imitators in the city.

Compared with usury, the annual interest rate is even less high. It is so low that it makes people laugh and will definitely satisfy the borrower.

The bank will charge an administrative fee of 500 Misin coins per year, which will be mainly used to pay wages to recruit employees and to pay for the rental fees of the venue.

And there is something that can definitely satisfy the royal family, so you don’t even have to pay back the money directly.

It was fine before, but at the end, the merchants were all stunned.

The royal family is absolutely happy without paying back the money, but what else does the merchants need to pay for? Isn’t this a cheating person?

Solomon explained calmly that he didn't have to pay back the money directly, of course the bank had to have some benefits.

And these benefits actually ensure that merchants can actually recover their loans and get additional benefits.

That is to issue bank bonds and expand the function of bank bonds, to be precise, to be precise, bank bonds are banknotes.

The currency is very chaotic now, and copper coins are withdrawing from circulation. Silver coins and gold coins are used the most, but the latest and most popular ones are undoubtedly Mithril coins.

But there is a problem with mitril silver coins, or even gold coins, that is, output, which often limits the circulation of currency and causes a shortage of money.

Not every city is as lucky as the City of Freedom, where it can dig a Misilan mine next to it and successfully eat half of the profits.

Even so, Franklin Bank of Liberty City issued bank vouchers.

Bank vouchers can be exchanged for unlimited designated currency and currency quantity, which is somewhat similar to the receipts of goldsmiths in the past.

What Solomon wanted to achieve was to greatly expand the function of bank coupons. Whether it was the receipts issued by goldsmiths in the past, they could be used to directly replace cash when merchants paid for the goods.

Solomon's plan was to further banknote the banknotes, specifically, to deduct the loaned money in Misinian. After borrowing the money, the bank has the right to issue banknotes of equivalent value. These banknote kingdoms must recognize that they have unlimited legal obligations and can even be used to pay taxes to the kingdom or feudal lords.

In this way, the kingdom does not have to pay back the money, and the bank vouchers issued by the bank can also be used for a lot of purposes, so there is no need to worry about whether to pay back the money or not.

But there is a prerequisite for this plan, that is, the person who borrows money is a kingdom, not a royal family or a nobleman.

This is very important, and to achieve this, objectively, it is to help the royal family further consolidate and strengthen the royal power, so Edward finally agreed to let Solomon try it. (To be continued...)
Chapter completed!