"I laugh, the Red Turban Army was defeated at your hands, the Red Turban Army is very disciplined, and Your Excellency does not listen to the orders of the commander. Aren't you afraid of regrets? Cao Cao said.

"I laugh at myself, I might as well do it myself, and get your hands dirty. Hahaha. Cao Cao laughed.

Zhang Li and the others turned pale, killing him was not Zhang Li's idea, but the casualties were too great, and most of the Second Brigade came from the Yellow Turban Army. In the face of such heavy casualties, many people are not convinced. Huangfu Song can't move, but a middle-level officer like Cao Cao can.

"Sir, should we think again?" The staff officer was persuaded worriedly.

"This is how it was decided. Find him a good place, you're a man. But there was no way, the brothers were very unconvinced, and as their commander, I had to think about my own men. Zhang Li said.

Cao Cao just nodded, indicating that he understood. And then they were taken down.

"Sir, if you kill prisoners of war like this, if the commander knows about it, you will definitely be taken down. In that case, it's very bad. A staff officer said worriedly.

"I know. As long as the chief doesn't know about it, it's fine. Deal. Go back and train recruits like Kuroko. What's this? Zhang Li said. The staff officer looked at the departing commander and could only stomp his feet, expressing helplessness. It's a mistake, a serious mistake, and such a mistake will have very bad consequences for them. But his own commander didn't care about anything.

On the official road to the battlefield, Shang Wu and Jia Xu had to dismount, one was to let the horses rest, and the other was that this road was very difficult to walk, and it was impossible to speed up at all.

"It's time to fix the official road here." Shang Wu said to Jia Xu.

"Hmm. It's true, the wheelbarrow that comes to play makes it difficult to walk on the official road here, but it still needs to be maintained after repair, which is a lot of money. Without so much money, how could we do such a good thing. Jia Xu said embarrassedly.

"Hmm. It's difficult, it's hard to get on the word money. The development of the base area needs money, the construction of factories needs money, and more and more cities are needed, and money is also needed to develop and extend into cities. Shang Wu said.

"How's it going?" Jia Xu asked Shangwu.

"What's the matter?" Shang Wu asked Jia Xu puzzled.

"It's about the new bonds, and if we can use the new bonds, I think a lot of problems can be solved. According to my thinking, at the moment our assets are very good, but the only way to make up for the large amount of liquidity is to use such things on the issue of red tickets, and the financial center must be relocated to our side. In this way, a large number of materials can be quickly gathered to us to form a new development center. Jia Xu said to Shangwu.

"Hmm. It seems that this is the only way to go. Moreover, His Majesty the Emperor is extremely disgusted with red tickets, so why don't we issue black tickets. Shang Wu said.

"Black tickets?" Jia Xu asked Shang Wu curiously.

"That's right, the black ticket is the commercial ticket, didn't we want to improve the military uniform before, okay, let's start from here to improve. Black tickets are commercial tickets, and since the construction of our base area, commercial tickets must be issued. The denomination should be large in the first place. Commercial land is different from agricultural land. Values naturally differ. Shang Wu said.

"Tell me about it." Jia Xu habitually took out his notebook, and what he took was not a problem, but charcoal.

"Hmm. Quite simply, I think the first thing to do is to build a commercial center in Handan, that is, a commercial district, where the tariffs are extremely favorable, ranging from zero to five percent at the highest. In addition, for some of our enterprises, we also take the form of export tax rebates, such as cloth, muskets, and other industries, and carry out large-scale subsidies, so that the value of exports becomes extremely large. Attract a large amount of private commercial capital to enter. Shang Wu said.

"Hmm. The issuance of black tickets, that is, commercial tickets, is equivalent to holding commercial land, exchanged for a part of the red tickets, in this way, to ensure that the price of red tickets can not fall, after all, the price of red tickets and our military spending, has a very close relationship, at present, we are not ready to issue paper money, in this case, we have to use commercial tickets to ensure circulation, which is for us, this is the best result. Shang Wu said.

Jia Xu nodded in agreement, for such a view, he believes that it is still feasible, at least it is a great encouragement for them.

"The bonds for commercial land, and the value of the bonds will be higher. At the same time, we also want to attract some people to join in, buy land, there are two kinds of black tickets, and the other is infrastructure construction, that is, to build roads. We provide cement technology to allow them to build a large number of cement roads, or other road conditions to promote the development of our road conditions, and as compensation, we can provide land use rights within a distance of 30 to 50 steps on both sides of the road, so that the size of the land will become very large. They can be supplemented by land. Of course. The right of way of the road can take a part of the toll charged, but not set too much. Shang Wu said.

"Oh. In this way, the road here can be completed. Jia Xu said.

"Yes, let's do it ourselves, we can't accomplish so many things at all, and it will make our situation extremely unfavorable. The only way we can do this is to get more people involved, so that their situation can be better. Shang Wu said.

"In that case, the government needs some money-making projects to maintain the normal expenses of the rebels." Jia Xu said.

"Well, what I'm thinking about is restructuring the arsenal and getting some businessmen involved, who can produce parts and components, build factories, mainly for those businessmen who are involved in buying commercial bonds." Shang Wu said.

"At the same time, the bank bonds will be restructured to attract some commercial funds to join, and the next step will be to focus on the restructuring of the Agricultural Bank of China, so that the Agricultural Bank of China can turn land into capital, so that things will become favorable to us." Shang Wu said.

"Hmm. None of these things are easy to do. Jia Xu said.

"It's not easy to do, but it has to be done." Shang Wu decided to arrive. The commercial ticket is also the black ticket, and the red ticket Shangwu has come up with the best way at present. By issuing a large number of bonds, as well as through the issuance of black bills, a part of the red tickets can be recovered, and the circulation of red tickets in the market can be reduced, so as to ensure that the value of the red tickets can meet a certain circulation in the market, so that the remuneration of the Red Turban soldiers and their treatment can be guaranteed to the greatest extent, because all of this is closely related to the bright future development of the Red Turban soldiers.

Shang Wu had to do this, because the American Revolutionary War had taught Shang Wu such a lesson. This historical lesson does not seem far away.

After the end of the Revolutionary War, in order to support the large military needs of the Continental Army, the Continental Army issued a large number of land bonds, but as a result, these land bonds were finally collected by the banks at a low price. The bank paid a lot of war expenses, but what they harvested was a vast land, so to speak, the biggest winner of the war in the end was the bank, Shang Wu knew that the final result might still be like this, however, his biggest purpose now is to ensure that the soldiers have greater rights and interests, and to maintain a certain stable price is the greatest guarantee for the soldiers. Because it is impossible for the government of the base area to provide them with too much land, the only way for them to get the land is to wait, or to cash in on the new land, which is unfair to them, and before, the only way was to exchange a large amount of liquid capital through the bank to ensure the rights and interests of the soldiers. This was the last solution that Shangwu came up with. In doing so, it may still harm the rights and interests of soldiers in the end. But this is the last thing Shangwu can do.

"If we don't issue new bonds, and take the opportunity to withdraw those land bonds that have been issued too much before, the circulating funds will completely depress our bonds, and finally the soldiers will find that the bonds in their hands will become waste paper, in that case, how should the soldiers think, they think that we have deceived them, in this case, it will be the worst situation for us, and I really can't explain such a situation. They are all good soldiers. Do they understand that all this is done by the forces of capital? Shang Wu said.

"They won't understand that. This is where the difficulty of the government lies, and we are now carrying a burden. In front of us were civilians who provided us with food, supplies, and a large number of soldiers. And behind there is a burden, and this burden is the merchants, the enlightened landlords, who give us a lot of money. Without these, we would still fail, but now that we have satisfied the burden in front of us, the burden in the back will be lighter. The back becomes heavier, the front becomes lighter, and we stand in the middle, very embarrassed, and it is not easy to do anything. Jia Xu said.

This metaphor is apt and appropriate. We can still carry this burden. Unlike the burden of the imperial court, they can no longer carry it. Shang Wu said with a smile.

"Ahh Hehe. Jia Xu laughed, in comparison, the situation of the Red Turban Army is not too bad.

"Alright. We have come through this most difficult part of the road. We got on our horses, whipped our horses, and ran as fast as we could. Take the fast road. Shang Wu said with a smile.