The value of money mainly lies in circulation, Shanyang has a free deposit cabinet as a cash transfer station, with paper deposit tickets to solve the problem of circulation, Sun Xiangfu said to go cash, in fact, deposit transactions.

So, is it feasible to move this set of Shanyang to Chang'an?

As long as the imperial court adheres to the cash standard, of course, it is feasible, however, the circulation and transaction volume of Chang'an is many times larger than that of Shanyang, because the permanent population here is as high as more than one million, and there are many high-consumption groups such as honors and officials, and the cash on the market is not necessarily much more than that of Shanyang, because Shanyang Cabinet Fang has attracted more than 20 million yuan of cash in the past, and now the position is still flowing into Shanyang.

In ancient times, the amount of money is roughly constant, Shanyang's cash is more, Chang'an, or other areas of cash is naturally less, recently, Chang'an's trading market, silk cloth, raw silk, and even barter have appeared, copper money has become more scarce, which is a phenomenon that is not conducive to the market.

Even if Sun Xiangfu has not read any history books, he knows that hundreds of years later, during the Northern Song Dynasty, the annual tax revenue of the whole country alone reached 100 million, so how much was the total cash flow of the people? It must be many times the tax revenue, at least at the level of tens of billions, because the tax only accounts for a small part of the total market circulation, even in the Northern Song Dynasty, due to scientific and technological and manpower reasons, it has not really achieved full tax coverage, tax evasion and tax evasion are widespread, and this is only the data actually collected by the government.

But now, Shanyang has just sucked up more than 20 million yuan of cash from Datang, which has caused a money shortage everywhere in the country, which is very abnormal.

The economy of the Northern Song Dynasty is indeed stronger than that of the early Tang Dynasty, but it is not a thousand-fold gap.

Definitely not, there are copper coins in the Tang Dynasty, conservatively estimated, the number of copper coins is also billions of guan, in this way, the imperial court taxes two or three million yuan of cash every year, which is reasonable, but these money is in the hands of a small number of people, these people think that the more scarce the cash on the market, in the process of trading, they can make more profits.

Play arithmetic, little people, who can play the family! They take their own raw silk to the market to exchange things, first of all, it will be discounted by the merchants, and then, due to change, the same amount of calculation, etc., will be part of the merchant's hair, don't look at just a little discount and gross zero, the transaction is more, the amount is large, behind these merchants, most of them have a family background, and they are the ones who benefit.

How much cash is stored in several major cabinets in Chang'an, others don't know, Wang Gui must be able to estimate an approximation, however, at this moment, he doesn't dare to open his mouth to fight for his own family, because, sitting there, his Wang family has a cabinet business, if this business hinders the development of the country, then, even if he struggles hard, it is in vain, Li Shimin will not allow it, you know, at present, in the power struggle of the imperial court, his Wang family is with the emperor, without the support of the emperor, It was difficult for his royal family to withstand the pressure of several other alliances and lose the power they relied on to survive.

"You wait and talk, the king has to use it, you go and pass the horse Zhou over quickly."

Li Shimin saw that Sun Xiangfu wanted to explain the matter of Shanyang's free cabinet, so he stretched out his hand to stop him, and turned his head to shout to Wang Deyong, who was waiting on the side.

Why did Li Shimin call Ma Zhou, in fact, it is very simple, Ma Zhou has been doing research on all aspects of Shanyang's governance, and has also mentioned the free cabinet shop set up by Sun Xiangfu, thinking that its role is very large, and Chang'an should follow up, but at that time Li Shimin did not follow his advice, he knew the background of these cabinet shops, and he was afraid that if he made this out, it would make the family officials in the melee stop fighting and unite to do things again, because the free cabinet opened by the imperial court would touch the interests of all of them.

Ma Zhou is now a member of the Zhongshu House, and he is on duty in the imperial city, so he naturally came to the imperial study soon, and after a salute, Li Shimin asked him to add a position, which made him feel a little flattered.

"King Bin, Zhengming wants to talk about the free cabinet shop, you can listen to it, what suggestions are there, and you can put them forward in time and make up for them."

"Yes, Your Majesty."

After Ma Zhou got down, he turned his head and looked at Sun Xiangfu on the seat.

"That's right, Shanyang's free cabinet, because there is no storage fee, can help the people avoid rusty copper coins, damaged condition, and large amounts of difficult to carry and other problems, yes, after the opening, it has been loved by the whole people, and the people even call it the welfare of Shanyang City, yes, soon gathered a lot of cash, so that lighter, will not depreciate the value of the deposit, in Shanyang City circulation."

Everyone knew what Sun Xiangfu said, and they all nodded and waited for his next step.

However, how to afford the daily maintenance of the cabinet and use it to solve the problem of money shortage? It's actually very simple, borrowing. ”

"Shanyang City Cabinet has more than 20 million cash deposits, when the businessman wants to use the money, directly show his deposit ticket, the people receive the deposit ticket, will not go to the cabinet to withdraw money, because the cash will rust at home, when he wants to use it himself, it is not convenient to carry, yes, resulting in more than 20 million yuan in cash, has been stored in the vault of Shanyang Cabinet Fang.

However, the unprofitable industry is always difficult to maintain for a long time, the money in the Shanyang treasury will rust, and the staff of many business halls will be paid wages, and the expenses are also a lot, and the ministers can't let the court suffer such losses, so they thought of putting these useless money in the treasury all the time, lending it out, and earning a small amount of interest to maintain the loss caused by rust or wage consumption. ”

Speaking of this, Ma Zhou said that there was a problem, and answered, "This method seems inappropriate, you have lent out the money, what if those who save money come to withdraw the money?" ”

Sun Xiangfu replied with a smile, "Of course, not all of them are lent out, but only to a small number of high-quality projects, and you don't have to worry about someone coming to withdraw money, because, I lend this money out on the front foot, and those who earn the money of the borrower will immediately deposit the money, because they will rust when they put the copper money at home, and it will be inconvenient to use, and no one is willing to bear such losses and bear such inconvenience." ”

Hearing this, Ma Zhou, Li Shimin and others were stunned, indeed, as Sun Xiangfu said, it seems that it is feasible.

Seeing that everyone entered into contemplation, Sun Xiangfu smiled again, "At present, it seems that all the operations of Shanyang Cabinet Workshop are very normal, not only will it not lose money because it has to feed hundreds of employees, bear the rust of copper coins, and damage to its fineness, but also make a small profit, because Shanyang Cabinet Workshop has borrowed more than two million yuan of cash so far, and the borrowers are Shi Changsun Chong, the governor of the Metropolitan Protector of Anbei, and Zhou Chun, a real estate developer in Shanyang, and others. ”

Hearing his son's name, Chang Shi Wuji sighed in his heart, staring at Sun Xiangfu with puzzled eyes, his eldest grandson's family is not short of money, and his eldest grandson Chong is also stable, how could he borrow such a huge debt?

"Hehe, the eldest grandson Chong borrowed money, but not for his own expenses, he wanted to tear down and rebuild the Dingxiang City he was in charge of, and in the next year or two, it will be built into a city comparable to Shanyang, and after the construction of the city is completed, he can repay his debts through all aspects of income."

Borrowing money to build a city, and borrowing it is a million, which no one dared to think of if it was put aside, but now, it has really happened, and everyone doesn't think it's inappropriate at all.

Hearing this, the eldest grandson Wuji's complexion relaxed, if the eldest grandson Chong really built a big city like Shanyang, then the debt of more than one million guan is really nothing, he has seen Sun Xiangfu report before, Shanyang City's financial report this year, just in terms of commercial taxes, has reached hundreds of thousands, which is one-sixth of the national tax revenue of Datang, compared to Chang'an City, it is not much worse, you know, this is a new city that has only been built for more than a year, and in the future, it is very likely to surpass Chang'an.

However, what Sun Xiangfu said is a normal situation, what if there is an organized malicious run! There are more than two million yuan of cash missing in Shanyang Cabinet Workshop, and the people who come to withdraw money can't withdraw the money when the time comes, won't it be disrupted?

Ma Zhou raised this question, but Sun Xiangfu said with the same smile, "This is not a problem, our Shanyang cabinet shop can not only provide free deposits, but also provide time deposits, which is the same as the treasury bonds issued by the imperial court before, if the people save their money in the cabinet shop, turn it into a fixed deposit, you can get a little bit of interest, time deposits can start from half a year, one year, two years, or three years and five years, the longer you save, the higher the interest, in fact, from the cabinet business for half a year, the amount of fixed deposits for more than one year, It has reached more than two million yuan, so even if someone maliciously runs on and withdraws cash, the cabinet will not be affected, because the fixed deposit is already more than the money lent out, and the cabinet has enough money for those who save money for free to withdraw. ”

All right! Even if the ancients have a big brain, it is difficult to imagine that the banking and financial system that ordinary people in later generations know about, with these explanations of Sun Xiangfu, the operation of Shanyang cabinet is almost impeccable, no wonder the people of Shanyang are increasingly dependent on the cabinet, on the market, as long as a slightly larger transaction, it is to pay by deposit bill.

Li Shimin asked a question at this moment, "Then the imperial court, how to use the free cabinet to solve the problem of money shortage in Chang'an and distribute cash to all officials!" ”

Sun Xiangfu replied, "The cabinet workshop plays a pivotal role in the whole process, and if the imperial court wants to control money, it must centralize power, of course, this process is divided into a few steps."

The first is to open a government-run counter, which I think is more appropriate to call it a bank or a bank.

At the same time, it is also necessary to prohibit the operation of all private fee-charging counters, and quickly bring free money deposit services to the benefit of the whole people, and to absorb fixed deposits from the whole people.

Then, the part of the fixed deposit will be lent to the imperial court, which will be used to pay the salaries of officials, and the deposit bills will be taken directly, and of course, the cash standard must be strictly controlled, and the cabinets of the imperial court cannot arbitrarily issue bearer deposit bills and disrupt the financial market ······."