The direct deposit of taxes into the Royal Bank, combined with the payment of the salaries of officials in the Silver Notes of the Royal Bank, led to a rapid increase in the gold and silver reserves of the Royal Bank!

This has just started business, and the deposit of silver has already exceeded fifteen million taels of silver, and this number is still rising rapidly, when several persons in charge of the Royal Bank came to Li Xuan to report with the reports compiled from various places, Li Xuan could find that their voices were trembling.

There is no way, the ability of this Royal Bank to absorb gold is really amazing, it has only been open for less than a month, and there are already 15 million deposits, and if it is a year later, the scale of this deposit will not exceed tens of millions!

That's tens of millions, even if none of the money actually has one or two pieces of silver in the Royal Bank itself, but these silver are now in the hands of the Royal Bank, and considering the circulation and exchange issues, in fact, as long as the Tang Dynasty does not fail, the silver deposits in the Royal Bank will not be less, and there will be more and more!

This means that there is no need to pay interest on bank deposits in these years, and even deposits have to pay handling fees, otherwise, the Royal Bank does not know how much interest to give on so many deposits.

But to let so much cash in the treasury do nothing, this is definitely not in line with the rules of finance!

This money must be lent out to earn interest!

Even if 30% of these deposits need to be handed over to the central treasury of the Finance Department of the Ministry of Taxation as bank guarantee, there are still 70% that can be used for lending!

This money is lent out, but you can earn interest!

What's more, even if the Royal Bank lends money, most of the money released is silver bills, to put it bluntly, it's a piece of waste paper, and the silver is still in the Royal Bank.

In other words, as long as there is no run, the Royal Bank can use the gold and silver to issue several times more silver bills!

For the Royal Bank, the silver ticket is just a paper printed by itself, with anti-counterfeiting function, and you can print as much as you want, but in the outside world, this is money, and it can be exchanged for real money from the Royal Bank!

When they figured this out, they were all stupefied by themselves!

According to this operation, even if the run is prevented, the Royal Bank can issue 30 million or even 40 million silver bills with the existing more than 10 million taels of silver deposits, and even if it is bolder, it is not impossible to issue hundreds of millions of silver bills!

Li Xuan sighed a little at the surprise of these people from the Financial Department and the Royal Bank, these people's vision is still not wide enough, and their courage is still not big enough, it's just that they over-issue banknotes, which scares you, and over-issuance of banknotes is a small routine, and one day I start to play pure credit banknotes, I don't give any real money, I just use the printing press to print money, and if it is trillions, you must not be scared of the stroke!

The opening bank overissued banknotes, which was also one of the main reasons for Li Xuan to open the Royal Bank.

And the whole financial reform, in the final analysis, is still for money.

Who made the current Tang Dynasty poor jingling, Xuanping's three-year financial deficit has exceeded five million taels of silver, even if there is income supplement such as the income from the family, but it is not a long-term solution!

Because Li Xuan estimates that this war may have to last for a long time, it is impossible to end it in a year or two, even if the war is over, but there are still more places to spend money, Li Xuan has to do a lot of things, for example, after reunification, when the steam engine is also built, he will build railways, set up large industries, repair water conservancy, etc., these super-large-scale infrastructure construction, no matter which one is extremely expensive.

Relying solely on fiscal revenue, we don't know that it can only be started in the Year of the Monkey, so debt construction is a must.

As for debt construction, how can the financial debt be repaid!

Why should I pay back the money I borrowed if I have the ability?

Paying back a fart, at most, is just an interest, don't expect to repay the principal.

If you look at the American hooligans, you see when they have repaid their national debts, and the most fun is to borrow new debts to pay off old debts.

In order to play this kind of debt construction, a state-owned bank with strong financing capacity is a must, although the Royal Bank created by Li Xuan is not state-owned, but this is a royal asset, in fact, it is also a state-owned asset.

When Li Xuan was tossing the bank in the rear, the war on the Jiangxi front was also continuing, and after Li Chunjing captured the city of Luling in Ji'an, he rested for a few days, replenished new soldiers and ammunition, and continued to go north.

At this time, the news of the fall of Luling City also spread throughout Jiangxi and even Nanzhili, and after the news reached Nanzhili, it caused a shock, and the officials and gentry were panicked.

Zhang Yue, who was originally in Changsha, once again hurried to Nanchang with a large number of superintendents, and at the same time asked the border army and guards stationed in Nanzhili to assist in the defense!

Why are they so panicked, even afraid!

Because this matter is not simple, it is much more serious than the loss of Ganzhou last year!

Ji'an is the forefront of the Jiangxi Ming army against the puppet Tang thief army, and now that it is lost, it means that the puppet Tang thief army can directly enter Panyang Lake.

To the east, Fuzhou can be conquered, and to the north, Nanchang can be captured.

If the follow-up Fuzhou and Nanchang are also lost, what does that mean?

It not only means that most of Jiangxi will fall into the hands of the thief army, but also means that the puppet Tang thief army can enter the Yangtze River basin and then attack east to Yingtianfu.

That is the capital of the Ming Dynasty, the political meaning is not weaker than the Forbidden City, and the economic significance is also very significant, once Ying Tianfu is finished, the Beijing-Hangzhou Grand Canal can not be expected to be saved.

Without the main artery of the Beijing-Hangzhou Grand Canal, without the transportation from the south, the entire north will have to fall into turmoil!

So after getting the news of the loss of Ji'an, Zhang Yue immediately took tens of thousands of governors to Nanchang, and the Ming army in Nanzhili and even Henan began to flock to the north of Jiangxi like crazy!

However, Zhang Yue has not yet arrived in Nanchang, and the bad news from the front line is coming one after another!

On September 22, the puppet Tang thief army approached the Xiajiang River, and 3,000 defenders surrendered without a fight!

On September 26, the puppet Tang thief army entered Linjiangfu City, lost on the same day, 8,000 defenders were killed and wounded, and the next day, Chongren in the other direction was also captured by the thief army.

A few days later, the soldiers of the puppet Tang thief army arrived in Fengcheng and Ruizhou Mansion successively, and the defenders in these two places were also not many, and they were conquered successively.

On the fourth day of October, when Zhang Yue arrived in Nanchang with tens of thousands of governors, the thief army was less than thirty miles away from Nanchang!

But now, Zhang Yue still hasn't figured out how many pseudo-Tang thieves came to Nanchang!

The number of thieves thirty miles away from Nancheng is not much, only more than 3,000 people, and Zhang Yue does not think that this is the main force of the puppet Tang thief army, at best it is a forward or a partial division.

However, the number of pseudo-Tang thief armies reported from various places is extremely distorted.

In the early days, the number of puppet Tang thieves reported from Ji'an was 50,000, and then the puppet Tang thief army from Linjiang was reported to be 40,000, but almost at the same time, the defenders in the direction of Chongren also reported that they were attacked by at least 30,000 thieves.

Before the fall of Ruizhou, the defenders also sent back news that there were at least 20,000 thieves attacking Ruizhou.

There are tens of thousands in this place, and tens of thousands in that place, if these data are true, unless the pseudo-Tang thief army can fly, otherwise, their total strength is at least 100,000.

But is it possible?

When pigs fly!

It has been two years since he fought with the puppet Tang thief army, Zhang Yue didn't dare to say that he knew everything about the puppet Tang thief army, but the general situation can still be understood, and the total strength of the puppet Tang thief army is now more than 100,000 people, and it is scattered on several fronts, Jiangxi side, originally only more than 10,000 soldiers and horses.

Even if the puppet Tang thief army drew troops from other places to reinforce Jiangxi, it was only 30,000 or 40,000 at most, and it was absolutely impossible for an army of 100,000 to occur.

If there were 100,000 puppet Tang thief troops in Jiangxi, Zhang Yue didn't say a word, and immediately ordered the vast army of Huguang to launch a counteroffensive and kill Zhaoqing directly!

Therefore, Zhang Yue judged that the total number of puppet Tang thief troops in the direction of Jiangxi should be between 30,000 and 50,000, but the main force of these puppet Tang thief armies is still unknown.

Because the reports from various places were too chaotic, coupled with the delay in communication, it was impossible for Zhang Yue to summarize useful information from the battle reports from various places.

In the end, he could only order Nanchang and Fuzhou to defend the city to the death, and not to fight.

No matter how many puppet Tang thief army there are, no matter what the puppet Tang thief army wants to do, the most important thing now is to find the main force of the puppet Tang thief army, and when he finds the main force of the puppet Tang thief army, he can formulate considerable tactics.

After Zhang Yue's emergency transfer for most of the last half month, both Nanchang and Fuzhou can be said to have strong troops, and Fuzhou is mainly recruited by local forces, with at least 8,000 local recruits, in addition to 2,000 border army infantry, and another 20,000 guards to assist in defense, with a total strength of nearly 30,000.

And Nanchang, the army is even stronger, he personally led the supervision of 23,000 people, because of the urgency of the situation, he almost directly transferred half of the supervision of Changsha, and then the thousands of supervision standards that are being trained in the north of Huguang are all transferred.

In addition to the superintendent, there are 10,000 border troops, and it is worth noting that 3,000 of these 10,000 border troops are cavalry, and they are not ordinary cavalry, but elite cavalry of the border army.

10,000 border troops and 23,000 people, this is all Zhang Yue's confidence, especially the 3,000 border army elite cavalry and the 1,000 cavalry in the supervision, a total of 4,000 cavalry, this is a huge force that can influence the battlefield!

In addition to the above-mentioned main force of 33,000 people, there were 5,000 ordinary local recruits, as well as more than 40,000 guards and young men from all over the country.

The total number of troops reached nearly 80,000!

With such a heavy army in hand, and 4,000 elite cavalry, Zhang Yue is unwilling to simply defend the city!