In Gao Pragmatic's view, the equity distribution case in Kaiping's three major factories for the sake of the military industry and private industry is not a commercial equity distribution in the ordinary sense, and it has a very strong characteristic of the times -- the combination of government and business, or to put it bluntly, the collusion between officials and businessmen. Of course, if he sees himself as a member of the bureaucracy, it seems more appropriate to call it a cliché-capital.

To explain this problem, we must first sort out the general situation of this equity distribution.

First of all, it should be noted that the equity of the Jinghua Kaiping Iron and Steel Plant in the three major factories was not divided by Gao Shizheng at all, and he was in charge of it himself, which was called absolute holding in the words of later generations, and it was "absolutely" to the point of 100% - of course, in order not to violate the law of the Ming Dynasty, these shares were all hung in Gao Xiaozhuang's name, as for Gao Xiaozhuang, even he was Gao Shishi's private property...... Anyway, Da Ming Law doesn't care about this.

The shares of Gao Pragmatic are all from Kaiping Coal Mine and Qianxi Iron Mine, of which Kaiping Coal Mine is 35% of the equity, and Qianxi Iron Mine is 40% of the equity, and the remaining shares of Gao Pragmatic can still be absolutely controlled - besides, there is no holding in this year, according to the general understanding at this time, but all the industries named "Jinghua" are Gao Pragmatic have the final say anyway, and the legal loopholes can be described as being poured into all directions.

In this equity distribution, if we simply calculate the total amount of book investment sent to them by Gao Shishi, many shareholders have actually taken a big advantage.

For example, the Chengguo government directly invested 20,000 taels, and Gao pragmatic gave their family 40,000 taels of shares, and this 1:2 ratio is a unified treatment at the national level; Correspondingly, the treatment of the marquis is slightly worse, the ratio is about 1:1.8, and the count is again, the ratio is 1:1.5.

On the whole, the participation of the nobles caused Gao Shishi to directly lose about 110,000 taels on the books.

But this time, not only Xungui participated in the shares, but also relatives and some civil officials joined, which is also the biggest difference from Gao Shishi's previous business.

There are three representative families in which the relatives participate in the shares: the Chen family, the Li family, and the Du family.

The reason why these three families are representative families is, of course, because the identities of the people behind them are different: the Chen family is the maiden family of Empress Chen, the Li family is the maiden family of Li Guifei, and the Du family is slightly different, it is the maternal uncle of Emperor Longqing - although Concubine Du Kang has passed away a long time ago, Longqing is very good to his uncle's family, and Gao Pragmatic also brought them with him by the way.

Due to the practice of the Ming Dynasty, the concubines and concubines are all from the families of low-level officials and low-level officers near Gyeonggi, so the conditions of these concubines' maiden families are relatively ordinary, and they can't take much real money to let them participate in the shares, so the conditions given to them by Gao Pragmatic are much better than those given to the nobles - the ratio is between one to five to one to ten.

However, there are only two families who really get the highest ratio of 1 to 10: Queen Chen and Li Guifei.

Chen Jingxing, the father of Queen Chen, was fifty-nine years old at the time, and he was a relatively honest person, and his family did not have much money to spare, but he also knew the reputation of turning stones into gold with high pragmatism, so he scraped together 800 taels to buy shares. Gao pragmatic gave him enough 1,000 taels, and then gave him 10,000 taels of silver, and Chen Jing was so grateful when he walked.

Li Guifei's family is different, although her father Li Wei is greedy, but because Emperor Longqing is still there at this time, Li Wei does not dare to go too far, so the current family resources are not very rich, only stronger than Chen Jingxing, and he made up two thousand five hundred taels. With a stroke of Gao Pragmatism's pen, the two thousand five hundred taels became 25,000 taels into the account, and Li Wei scratched his ears and cheeks, and praised Gao Pragmatism.

The most amazing thing about their family is that not only Li Wei has participated in the shares, but Li Wei's youngest son Li Wenjin has actually participated in a single share. The eunuch who ranked seventh in the imperial horse prison participated in a thousand taels of shares, and Gao Pragmatic did not care about their family's violations, and generously gave him 10,000 taels of silver as a share. Li Wenjin was overjoyed, and had a meal with Gao Pragmatic, and repeatedly assured Gao Pragmatic during the banquet: From now on, no one will want to say half a word about your Gao Yude in front of the noble concubine!

As for the civil officials' shareholdings, most of them are Gao Party and Gao Party allies, but they are all not so high status, the identity is not so sensitive, and the amount of equity participation is also small, perhaps for fear of being misunderstood by Gao Gong's character, the highest amount of equity participation is only 600 taels, all added together is not even 5,000 taels, Gao Pragmatic doubled their account.

And so on and so forth. Anyway, according to Gao Guoyan's calculations, Gao pragmatic lost more than 170,000 taels on this piece alone, close to 180,000 taels.

If you look at it this way, in terms of erosion, high pragmatism may have set a record in the history of the Ming Dynasty.

But did you really lose so much money? Of course not, Gao pragmatic accounting and Gao Guoyan accounting are different. Gao Guoyan is simply calculated according to the current market, but Gao Pragmatic is not.

In Gao Guoyan's calculations, the investment in Kaiping Coal Mine and Qianxi Iron Mine is calculated according to the current land price, which is obviously not accurate, because when Gao Pragmatic bought these lands, the price of these dilapidated and dilapidated land was quite cheap, and at that time, there were guards to help drive people out, and the price of many lands was simply negligible, so in the original most expensive project to buy land, Gao Pragmatic's actual expenses were far lower than the book expenses.

In other words, Gao Guoyan's 170,000 losses, the cost of buying land, which accounts for the lion's share, actually has a lot of water.

Speaking of labor costs, Gao Guoyan also counted the additional expenses of the mine protection team made by Gao Pragmatic into the labor costs, but Gao Pragmatic's own family knows his own family affairs, and Gao Pragmatic's expenses are subsidized by Gao Pragmatic, and he has never counted this expenditure into the mine, so there is a lot of water here.

If all of them are calculated, Gao Pragmatic will actually lose more than 80,000 taels - of course, it is not a lot, it is still an astonishing amount of money, but at this moment he can already bear it. Besides, in the later generations, high-quality assets will be listed to make money, and those people who buy original stocks, who are not buying at a low price and waiting for a rise?

But a more important question is: Is it true that the 80,000 taels of silver were lost at such a loss?

Of course not, Gao Pragmatic not only didn't feel a loss, but also thought that the 80,000 taels were very worthwhile, and many benefits that he couldn't buy at all, he had "bought" them now.

The advantage of this is that he has established an alliance of interests, an alliance of interests that can be called extremely powerful, both in front of the stage and behind the scenes. The imperial relatives and military ministers and nobles near the capital division were almost wiped out by him, and even the civil officials were involved in a lot under different guises.

With such a background, the promotion of the military industry and private industry is bound to be a great help, even if there may still be some civilian officials who oppose it, it will not hurt - the civilian clique as a whole is indeed not afraid of the emperor, but that does not mean that individual civilian officials dare to go against the entire Xungui clique.

For example, the shortage of personnel and occupation of the Beijing camp is so serious, everyone knows that it is a good thing done by the nobles, but why can't it be rectified until now? The civil officials kept talking about rectifying the Beijing camp, but no one went up to fire the first shot.

So the Xungui Group is a very amazing interest group, you say they are powerful, they seem to be more gentle and harmless than anyone else on weekdays, and they look like they are lying flat and laughing; You said that he was not powerful, no matter how awesome you were, the old ministers of the cabinet and the favored ministers of the inner court would not dare to stand up to them.

Some scholars in later generations have explained that the power structure of the dynasty has the shadow of the separation of powers, but in fact, to a certain extent, it is really not unreasonable.

As for the imperial relatives and relatives, especially the national relatives, it is actually difficult for them to be called a "group" alone, because under the Ming Dynasty's post-election concubine selection system, these families have no foundation, and they are nothing more than one dynasty or two dynasties. However, one or two dynasties is enough for Gao Pragmatism.

As long as Longqing still dies young, Empress Chen and Concubine Li will definitely be the targets of Gao Shi's struggle.