Chapter 10131: War Bonds

Seeing Su Shun's words in agreement, Yi was secretly relieved in his heart, the two had not communicated about this matter before, he was really worried that Su Shun would not agree, Shi Duo is not only a firm royalist, but also has a **** title, and is obviously an uncontrollable figure.

Yi Zhishu was a little surprised, Su Shun could not control Prince Li Shiduo, and letting him enter the Security Committee would only weaken Su Shun's voice in the Security Committee, and I don't know what he thought, would he actually agree?

He was pondering how to speak, and Yi had already preemptively said: "At present, it is the transitional stage of constitutional government, and the Security Committee, as the command and leading body of the Qing Dynasty, has installed a royal clan, which can greatly stabilize the hearts of the army and the people. ”

Su Shun said bluntly: "The idea of two thousand years of absolute monarchy, not overnight can be replaced, eight years after the constitution, the royalist faction still has a lot of power, Prince Li Shiduo is a representative of the royalist faction, let him serve as the vice chairman of the security committee, is conducive to winning the hearts of the people and stabilizing the situation." ”

"Since Su Xiang has such a mind, I also think of myself." Yi Zhizhi said: "The matter of military system reform should be submitted for discussion as soon as possible, but the top priority at the moment is to issue war bonds, and South America has already started fighting, so it is not appropriate to delay." As he spoke, he stretched out his palm, "Five days, is that enough?" ”

"That's enough." Yi was in a good mood, "I will call someone to lobby first, and then we will negotiate when we return to Beijing, and we will definitely be able to do it within five days." ”

Seeing that he had a big deal, Su Shun asked again: "How many bonds does Brother Guocheng plan to issue?" Is it a one-time issue or an installment? ”

"We can't leave anything to chance, it's very likely that the northwest and South America will fight on land and sea, and it's not okay if the amount is less." Yi Zhizhi said: "In addition, the installment issuance is not as good as a one-time issuance, 200 million bonds, one-time issuance, sales, Yuanqi is the bottom, don't worry." ”

A one-time issuance of 200 million, if the war does not go well, will it continue to issue more? Su Shun was a little worried, the imperial court was already in debt, but now it was going to buy a large piece of land in Yuan Qi's hands and issue a huge amount of war bonds, when would this end?

After a slight hesitation, he pondered and said: "I have checked the ways in which Western countries raise war funds, generally three ways: taxation, currency issuance, and war bonds, and most of the cases are different combinations of these three methods, and my country only needs to issue bonds?" ”

"At present, China's currency issuance is serious, and Yuanqi is taking measures such as tightening monetary policy and increasing the amount of gold in the market to recover currency, in this case, how can it be possible to issue additional currency?" Yi Zhizu said slowly: "As for taxation, it is not enough, China's economy is currently in the initial stage of rapid development, and if heavy taxes are levied at this time to raise war funds, it will inevitably deal a heavy blow to China's economy, and the gains outweigh the losses." ”

As Yi and Su Shun left the Zhennan Palace, the news that the imperial court planned to issue war bonds in response to the war in South America quickly spread in Beijing.

However, this banner was quickly taken down by the royalists in Beijing, the reason is very simple, they got the news that the raising of this war fund is not only for the South American war, but also for the northwest to quell the turmoil, and now the queen mother and the emperor are still under house arrest in Gongning, and the royalists naturally want to support it.

At the same time, the cronies of Yi and Su Shun also went around one after another, and as soon as Yuanqi's additional condition of reselling the vast land of Alaska and Siberia to the imperial court at a cheap price was thrown out, the officials and legislators who had been fiercely opposed immediately died down.

Compared with the nationalization of land equivalent to half of the territory of the Qing Dynasty, the issue of 200 million war bonds in South America is simply not worth mentioning.

The two of them, Yi and Su Shun, hurried back to Beijing, and the opinions of the officials and parliamentarians had long been unified, and the bill to issue standing bonds was passed extremely smoothly and quickly by an absolute majority.

The next day, the provincial newspapers focused on the relevant reports for the first time, and the "Securities Journal" carried a large report on the front page after being unwilling, and introduced in detail several classic examples of war bonds issued by Western countries, such as the American Civil War and the Franco-Prussian War.

During the Franco-Prussian War, Yuan Qi had underwritten the war treasury bonds issued by France, and the people of the Qing Dynasty were unforgettable for this foreign treasury bond that was the first to be listed on the Shanghai stock market.

Now that the Qing Dynasty is about to issue war bonds, almost all financial investors are talking about it, speculating about the maturity and interest rate of the bonds, and whether there is value in investment.

Only one day later, the "Securities Journal" published information on the issuance of war bonds, 200 million bonds, with a five-year maturity and an annual interest rate of 6%, issued at a discount, and sold at a discount of 80% off the face value.

The annual interest rate of 6% is not high, but selling at a discount of 80% is enough to make everyone's heart pound, and after five years, this is enough to be comparable to the annual interest rate of 12%.

Since Yuan Qi unified the Qing Dynasty's money industry, the Qing Dynasty's usury was greatly curbed, with Yuan Qi's increasingly strong strength, the Qing Dynasty's lending interest rate has been reduced year by year, and the annual interest rate on large loans has been basically controlled at 5%-6%, and now the rate of return on war bonds is as high as 12%, and the government and the opposition are boiling.

Before the bonds were officially launched, bills of exchange from various provinces to Shanghai and Guangzhou came like snowflakes, and some businessmen and wealthy gentry with abundant funds also moved to Shanghai and Guangzhou.

Kyoshi, Prime Minister's Office.

Yi gently tapped the newspaper on the table with his fingers, "Sold at a discount of 20 percent, this 40 million gap is naturally filled by Yuan Qi, but the question is, why did Yuan Qi do this?" Are you worried about not being able to sell? Or is there another reason? ”

"I guess I'm worried that I won't be able to sell?" Su Shun groaned: "The annual interest rate of 6% is really not attractive, and it is not enough to absorb the ...... of wealthy private funds. ”

"Yi Guocheng's matter, that's that simple." Yi said slowly: "Most of them have other plans. ”

Su Shuntun smiled, "Why should the sixth master bother with this idleness, for the imperial court, as long as the bonds can be issued smoothly, as for whether Yuan Qi has other plans, we can't afford to eat radishes and worry about it." ”

"I can't worry about it if I want to, I'm just curious." Yi said: "However, the gap of 40 million is not a small amount, and it is good to call to confirm it." ”

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