1.20 The father of futures in the Northern Song Dynasty
When He Tixing saw that Earl Ying had confessed, he announced a temporary recess and asked Magistrate Li and Zhou to guard the back hall to discuss and conclude the case. The three of them entered the back hall, and Ximen Qing was waiting there as early as possible. As soon as the four of them held their hands, Ximen Qing smiled.
Said: "Brother Long Xi had a good fight today, but he gave me a lot of bad breath!"
Xia Tixing said with a smile: "Brother Siquan, don't worry about this little effort. It will make you and I look less than men!"
Zhou Xiu said bitterly: "It's a pity that Yun Lishou is gone!"
Ximen Qing then persuaded him: "The mountains and rivers will not change, but one day, we will meet him on a narrow road without evasion! At that time, the old and new accounts will be added up with interest, and he will know how powerful I, Ximen Qing, am! Brother Nanxuan, don't worry about this."
pregnant."
Li Zhixian laughed and said: "Today I have avenged brother Siquan, but tomorrow I will go to Siquanquan's house to ask for a wedding drink from brother Nanxuan!"
Xia Tixing laughed and clapped his hands: "That's right! I will go out and punish those gangsters so that we can prepare for the happy event! Brother Siquan, what do you think? If you want to be strict, I will punish these gangsters
They will be put in jail and the case will be finalized after the boss returns with a detailed document. If you don’t want to go to that trouble, you can pronounce the sentence in court and confiscate all their property!"
Ximen Qing nodded and said: "For such a trivial matter, if an official document is sent to the government and the magistrate is alerted, wouldn't it be a sin? It's better to just let it go like this! Even though Brother Longxi has all the belongings of these idiots,
I copied it and asked the brothers from the Punishment Yamen and the Guards House who contributed today to share it equally. Each of them probably has a few coins. Tonight, I will let go of another ox and pull up a cart of good wine so that the children can be well.
It’s a delicious meal, and they’re venting their anger on me, Ximen Qing.”
Li Zhixian nodded: "Good!"
Xia Tixing smiled and said, "That's it!"
After the discussion was decided, Xia Ti was sentenced and Li Zhixian was appointed. Zhou Shou went to the court again. A group of villains, those with minor injuries and those with heavy responsibilities, all fell down under the case. Ximen Qing's family members who came to protect him also knelt beside them to join in the count.
In front of all the people, He Tixing said in judgment: "The accuser, Ximen, a high official, is benevolent and considers his usual friendship. In addition, these villains have not succeeded in blackmailing, so they will no longer pursue the case and can be given a lighter sentence."
Pointing at a group of villains, He Tixing shouted: "Since the high official Ximen is kind and gentle, I will give you an advantage today! Logically speaking, everyone should receive a meal to close the case, but high official Ximen is compassionate.
, How can I not have good intentions? I will leave this message here. If you dare to cause trouble in the future, you will be punished for both crimes, and you will not be beaten to death!"
Immediately, he ordered the platoon troops to escort these villains and go to various houses to recover the stolen goods. This was related to the amount of money shared by the platoon troops. Who was willing to let these villains go easily? Each one scratched the ground three feet into the grass.
Milking cows, squeezing oil from stones, and rinsing the inside and outside of these little people's homes until everything was clean. Those who couldn't get it out were forced to sell their houses and land, or even their sons and daughters, leaving the whole family in ruins.
The chickens and eggs were beaten, the bones and flesh were separated, and driven by the miserable breath, the screams shook the sky. The people nearby looked at it and couldn't help but sigh: "Alas!", but they couldn't help but spit: "That's right!"
The poor man even recited a mocking song: "Don't deceive your heart. Justice will be revealed when it comes. Good and evil will be rewarded in the end. Just fight to come early or come late!"
After this setback, Sun Zizui, Xie Xi, and the rest became homeless dogs. They were in panic all day long. When they heard the word "Ximen", they all had a headache. Only Count Na Ying felt deep hatred and thought secretly: "Ximen Qing"
!Even if you are the reincarnation of Tianxing, Tianxing will still be ruined! One day, I will teach you how to do it, and then I will let you know how powerful Ying Er is!"
There are many such villains in the world. He hurts others, and it is natural for him to do so. But how can it be justified for others to offend him? Earl Ying is the number one among such villains, the leader among treacherous people.
He gritted his teeth against Ximen Qing and waited for an opportunity to take revenge.
Ximen Qing beat these villains up, and felt happy in his heart. He thought to himself: "Yue Niang has had enough of these villains that day, and today she will be happy when she hears that they have received retribution." Therefore, he just thought.
I wanted to go home to take care of the appointment of Zhou Xiu tomorrow. I said goodbye to Li, Xia and Zhou on Wednesday, and went home with Lai Baoxiao.
When I got home, I saw Laiwang. Uncle Fu, the man in charge of the herbal medicine shop, Bi Si had been waiting for a long time. It turned out that Laiwang had been auctioning the chef's cakes in front of the county government these two days, and not only people from Qinghe County were flocking to it.
Qian, even the wealthy people in the nearby counties and counties heard this and sent their families to bid on mules and horses. In two days, they easily earned more than a thousand guan.
Although the wind and sun made Laiwang people look tanned and thin, his face was still full of joy. He was deeply fascinated by the days of swinging a wooden hammer to make decisions for others. In the end, Laiwang said that because of the adoption of
Due to the purchase restriction strategy, wealthy people have complained a lot. We hope that the two star owners will be considerate of people's sentiments and accept their reservations.
After hearing this, Ximen Qing had an idea and ordered Di'an to bring pen, ink, paper and inkstone.
After getting it, Ximen Qing wrote four big words in the center on a large piece of paper - "forward contract", and then wrote the same text on the left and right - items to be bought and sold: merit cooking cakes; quantity: five
; Price: Each merit cake is worth one coin, five coins in total; Transaction date: A certain day, year, month, and date expected in the future.
After finishing writing, Ximen Qing took out his seal, stamped it in the middle of the paper, and folded it again to become a veritable riding seal. Then he looked at the confused Laiwang and Uncle Fu and said with a smile: "You guys come here.
Look, as long as you tear this piece of paper to the left and right, it will be a trading contract in two parts. The left copy will be left in the hands of Ximen's family as a record; the right copy can be held by the visitor after paying a deposit as a certificate. Wait.
When the delivery date of the cooking cakes comes, the buyer can come to my Ximen house to deliver the goods with the right couplet. They will make a pair on the spot. If the seals are correct, pay the full amount, take the merit cooking cakes and leave. We will recognize the seals and not recognize them.
Man! Isn’t it convenient to do this? By the way! Brother Wu Dao also needs to engrave a seal and put it in the middle of this paper. This can prevent counterfeiting and increase the merit power of the cake. It kills two birds with one stone and has the best of both worlds!"
Under the impact of this novel trading system, Lai Wang, Uncle Fu, and Ben Si were all dumbfounded and speechless. Uncle Fu was a mature man, so he asked cautiously: "Sir, you said that those who take the right couplet must pay
Security deposit, but I don’t know what this security deposit is?”
Ximen Qing explained: "The so-called deposit is the handling fee charged by our Ximen family. Otherwise, Ximen Qing would not be able to post all the expenses for pens, inks, paper and inkstones. Of course, this contract cannot be written like this. Just write that the deposit is
It is specially designed to fulfill the contract. If we cannot hand over the merit cakes by the end of the period, we will compensate you a hundred times!"
Uncle Fu broke the casserole and asked (Wen) what was going on: "How much should we charge for this deposit?"
Ximen Qing scratched his head: "This... put it aside for now, let's discuss it!"
Turning around, he saw Lai Wang looking depressed. Ximen Qing asked curiously, "Why are you so downcast?"
Lai Wang said with a bitter face: "If we have this 'forward contract', I won't be able to continue my auction business! Everyone has this piece of paper in their hands, and they can just come and get the cakes when the time comes.
How easy it is? Who would sweat all over just to auction off one or two cakes?"
Ximen Qing shook his head leisurely: "Wrong! What was auctioned at that time was not the cakes, but this contract!"
"Ah?!" Lai Wang and others looked at each other, and then they felt like they were waking up from a dream.
Ximen Qing did not expect that a rough contract he had just improvised would lay the foundation for futures trading in the Northern Song Dynasty. After his contract spread to the market in the Northern Song Dynasty, its influence continued to deepen, and more and more imitators followed. With various
The standardization of various forward contracts, coupled with the continuous improvement of the margin system, the hedging mechanism derived from the continuous transfer of standardized contracts among holders, and finally the unified settlement system established to standardize management, all continued to change the Northern Song Dynasty.
The futures market has been pushed to a new level.
In the end, Ximen Qing was actually elected as the "Father of Futures in the Northern Song Dynasty" by future generations. This honor was unexpected for him. This is exactly:
The flowing water went down the beach unintentionally, and the white clouds came out unintentionally. But I don’t know what happened next, and I’ll explain it next time.