One hundred and five chapters, the issuance of bonds

"Hey, what do you two think? There seems to be a problem with this! One of the tall men said

"What do you think, Lucar doesn't understand! A noble lord, planning to build a black-hearted factory, no matter what to do, as long as we can make a fortune, it's not something we can participate in anyway!! The slightly obese middle-aged man replied

"The fat man is right, Lucar, the affairs of the noble lords are not for us to ask! With this effort, it's better to think about how to recruit a few more people and exchange them for bounties!! "Another humane

"I know what you're saying, but it always feels strange, it's not easy for a nobleman to recruit workers?? With their power, where do they need our help? And the salary is so high, don't you think it's abnormal?? The tall man named Lucar explained

Listening to Lucar's words, the two were thoughtful. After a while, the chubby middle-aged man seemed to think of something, his face changed greatly, and he said with some fear: "Could he be opening a black mine?" I heard that some unscrupulous capitalists went around deceiving people to go to the mines, but they all went and never returned! ”

"So what to do?? He's a nobleman, if we promise and don't do it, I'm afraid it's ~~; If we do, how will we still gain a foothold in Samui? Look at this posture without 1,800 people, it can't be paid, in case something happens, so many family members won't tear us apart?? "Another humane

"It's not that serious! Most of the people who dare to do that are small mines in the middle of nowhere, and there are few workers. This aristocratic lord recruited a lot of people, and thousands of workers made a fuss, how did he really dare to do it? Once the news leaks, even the nobles will not be able to eat and walk around! Lucar said, shaking his head

"What do you mean, we try to find someone in a place for him, everyone has a look after each other, and the more people the better??" The fat man asked tentatively

"That's right! A few civilians are ants in their eyes, what if there are hundreds, thousands, or even tens of thousands? It's impossible to go too far!! Lucar said confidently

……

For the sake of the ruble, and for the sake of their own lives in the future, the three of them called friends and made every effort to encourage everyone to go out to work.

Thanks to the natural disasters some time ago, most of Sumy has failed to harvest food, and many people are worried about their livelihoods, and the results are remarkable. In just one week, more than 1,000 people signed up.

Count Vronsky was cautious and did not go out personally, but only sent his servant Vikis to come forward. In the presence of God's representative priest, a labor contract was signed between Count Vronsky and the workers.

In his opinion, he didn't breach the contract!! The contract does not specify the place of work, and the salary is not deceitful, and there is also this income when you go to Bulgaria to mine, but you can work overtime if it is not enough, there will always be!!

Such a low-investment, high-return, zero-risk deal is not easy to find. In the eyes of Count Vronsky, the Bulgarian government is completely a "celestial" fool, and high-quality intellectuals don't want to spend a lot of money for a group of stupid untouchables!

If Prime Minister Konstantin knows, he will definitely scold his mother, what does this matter to them? It is completely insisted on by the Grand Duke, and Ferdinand, who is usually willing to admonish, has a very resolute attitude this time: if you have an opinion, you can, but you still have to implement it 100%, and if you dare to discount, go home and farm!

Ferdinand didn't want high-quality people, at least scientists, engineers, doctors, he was very welcome, and he was willing to pay a high price! But these people are scarce talents everywhere, and I haven't seen you get a few of them??

The human trade is still in full swing, and shrewd people like Count Vronsky are still in the minority.

Most of the nobles also worked part-time as loan sharks, and they were still very worried about those destitute untouchables in the past, after all, the manpower of the woolly bear was not valuable! Now it's simple, first squeeze out the oil and water, and then pack the whole family together for export, no, it's immigration to Bulgaria.

You can make a lot of money, although the old and weak are not popular, but as long as there is strong labor, Ferdinand said that those who come will not refuse, it is nothing more than a lower price!

In the short term, young and strong workers are more valuable, but in the long run, it is easier for the whole family to come together.

After tossing for more than half a month, the Ministry of Finance finally came up with a scientific figure, which was at least recognized by most experts!!

It is planned to issue a total of 200 million leva of national construction bonds within three years, with annual interest rates of 5%, 7.5% and 10.75% respectively for five-year, ten-year and 20-year tenors.

Are these high interest rates? In Ferdinand's opinion, it's not high at all! The longer the time, the greater the risk, the higher the interest rate, even the risk of inflation on the gold standard remains!!

Society is developing, and the end of the 19th century is the beginning of the second industrial revolution, and human wealth is growing explosively!

Don't look at the low interest rate on the surface of international loans, if you carefully calculate the other additional conditions, you will find that it is better to issue bonds!

At the end of the 19th century, there was no saying that "it is the master who owes debts", and the most popular in this period was that "the axiom is within the range of the cannon", and if you dare to pay the debt and not pay the gun, you will be handed over to be a new person!!

If it is a bond issuance, it is different. Most of it will circulate to individuals, and for this part, it is really "the person who owes money is the uncle"!

Finding an excuse to postpone payment, suspend support, or set up a complex process to delay payment, Ferdinand has seen a lot of these routines in his previous life!!

Anyway, ordinary people are powerless against the rogue government. Of course, this is very discrediting, and Ferdinand will not do it until the point of last resort!!

……

After receiving the plan from the Ministry of Finance, Ferdinand summoned Secretary of the Treasury John F. Kennedy and asked suspiciously: "Mr. Kennedy, how do you plan to sell this bond in the Treasury Department?" ”

200 million leva is not a small amount, this is equivalent to 69 tons of gold!! It is 1.25 times the revenue of the Bulgarian government in 1893, and it is not easy to sell it!!

Kennedy said hesitantly: "Your Excellency, this ~~, we ~ I'm afraid we can't ~ guarantee the sale!" ”

Hearing this, Ferdinand glared at Kennedy fiercely. There's no way to sell it, so why are you making this plan? Is it to tease me?? If you don't have a proper explanation today, it's not over!!

Seeing that Ferdinand was about to be angry, Kennedy hurriedly explained: "Your Excellency, this is the first time that we have done such a large-scale issuance of bonds, and we are not sure what the credibility of the Bulgarian government will be in the international community!"

In order to solve the financial gap, we only plan an idealized number, and how much we can sell is unknown! In fact, in the first batch of bonds, we only sold 50 million leva.

Our Ministry of Finance is ready to negotiate with a consortium of banks from various countries in the hope that they can act as an agent for sales. Unless they are optimistic about us and can eat a portion, the results are not optimistic!! ”