The terrain of Dongying is not suitable for large-scale cavalry operations, which is also the reason why the development of Dongying cavalry lags behind. According to historical records, Oda Nobunaga's mother-robes numbered only twenty people, and they were divided into the red mother-robes and the black mother-robes. This time, the Kyushu Army used cavalry on a large scale, not only did the shogunate not adapt to it, but the Kyushu army itself was also very unsuitable.

Although there is not much difference between the dragoons of the Kyushu Army and the dragoons of the Ming Dynasty in terms of equipment, horses, and tactics, Gan Hui in view of the terrain of Dongying, during the war, he divided the cavalry into teams of ten to twenty people and kept charging.

Ganhui's tactics continued to improve in practice, and the 3,000 cavalry used their mobility to tightly entangle the shogunate army like a nightmare, causing the logistics supply of the shogunate army to suffer a major blow, so that Tokugawa Iemitsu had to send a large number of troops to maintain the logistics supply, which made the two armies of Kyushu and the shogunate on the front line of Tsukiyama Tomita Castle have been in a state of parity.

On March 23, the dragoons led by Gan Hui suddenly appeared near Edo, where there was an important shogunate warehouse of military supplies.

"Attack!" Gan Hui gave an order, and the first team of twenty cavalry ran up.

Although the range of the cavalry firearms was inferior to that of the infantry, the cavalry of the Kyushu Army suddenly appeared and caught the defending defenders off guard. The defenders lacked an effective formation and simply could not take advantage of the cavalry. The cavalry relied on cotton armor and firearms to fire at the defenders, and when they got closer, the cavalry threw out the lasso and lassoed the barricade.

The barricade was quickly dragged away by the cavalry, and the second group of charging cavalry was killed in an instant, followed by the third and fourth teams......

Every battle of the Kyushu cavalry was a quick battle, never aimed at killing the enemy, and after they rushed into the warehouse, they immediately dispersed the enemy troops, set fire to the army, and burned military supplies.

By the time the shogunate's reinforcements arrived, the Kyushu cavalry had already retreated. Although Tokugawa Iemitsu also tried to lure Gan Hui with a trap, Gan Hui never put himself in a Jedi in front of the cavalry that came and went like the wind, so even if Gan Hui fell into the trap of the shogunate, he could always escape from Tokugawa Iemitsu's trap.

This time, Ganhui's attack made Tokugawa Iemitsu decide to withdraw his troops. Tokugawa Iemitsu was already overwhelmed by the logistical supplies he was tired of, especially when the Kyushu cavalry suddenly appeared near Edo this time, making him feel that his lair was threatened by the Kyushu army.

On the second day of April, Tokugawa Iemitsu began to retreat. And the Kyushu army was also extremely consumed in this battle, and was unable to pursue Tokugawa Iemitsu. After this battle, Tokugawa Iemitsu was no longer able to crusade against Kyushu, and Kyushu was temporarily unable to crusade against the shogunate, and the whole of Toei fell into a brief calm.

However, this battle won great prestige for the Kyushu army, and Mitsumasa Ikeda, the lord of Okayama Domain, announced that he would join the Kyushu army. Mitsumasa Ikeda's decision shook the entire Toei, which also heralded the beginning of the collapse of the shogunate from within, and even more so the beginning of the approval of the Toei nobility by the king of Kyushu.

After Mitsumasa Ikeda joined Kyushu, he was entrusted with the important task of Minister of the Interior by Jeong Zhilong.

……

Zhu Youxiao also agreed to lend another 5 million taels of silver to Zheng Zhilong, and this time half of the loan was paid in the form of military supplies and half in treasure money. In Kyushu, now the metal currency of the empire has been unimpeded, and on Kyushu Island, the Imperial Bank has set up branches, but the treasure banknote has not yet opened the situation, Zhu Youxiao wants to take this opportunity to let the treasure banknote also open the situation in Dongying. In the way of repayment, Zhu Youxiao agreed that Kyushu could use physical goods to offset the debt.

With the uninterrupted propaganda of the "Imperial Daily" for ten years, the people's concept of saving money has changed, which makes the Imperial Bank now one of the most profitable projects of Zhu Youxiao and the imperial court, and the outlets of the Imperial Bank are all over the Ming Dynasty and surrounding countries, and the Imperial Bank has become the most important financial weapon in Zhu Youxiao's hands.

At the beginning of May, the 50,000-strong army of the Jingshi Governor's Mansion swore to the west to conquer the Heshute Department of the Oirat Mongols. This time, the army was led by Heiyunlong, and after the Beijing division completed the oath, it would go to the Lanzhou Governor's Mansion and join the 50,000 troops of the Lanzhou Governor's Mansion to conquer the Oirat Mongols in the west. This time, the 100,000-strong army marched west and the Shuote Division, mobilizing more than 300,000 people. It was the most costly battle in recent years.

Years of conquest and large-scale construction of the Empire's infrastructure caused the treasury to run a deficit again. At the court meeting, the cabinet requested that part of the road be suspended.

"How much is the budget deficit expected to reach this year?" Zhu Youxiao asked.

"It is expected to reach about eight million to ten million taels of silver." Sun Yuanhua said.

In this year's cabinet election, Sun Yuanhua once again served as the head of the cabinet, in this cabinet, only Wen Tiren quit the cabinet because of his continuous appointment as a cabinet minister, except for a new person, the others have not changed much.

"It won't affect this expedition to the west, right?" Zhu Youxiao asked.

"No, the money needed for the Western Expedition was budgeted at the end of last year, and the National Treasury will give priority to ensuring the needs of the Western Expedition, but the money paid by the imperial court for the construction of the Chi Road may not be able to be paid for the time being." Sun Yuanhua said.

"Can you owe it first? It was borrowed by the imperial court. Zhu Youxiao blurted out.

"The merchant's money can be owed first, and the people's money, the minister thinks it's best not to owe, the construction of the road involves hundreds of thousands of people, if the time drags on too long, the minister is afraid that there will be changes." Sun Yuanhua said.

"The people's money really can't be owed, it's because I owe it." Zhu Youxiao said softly.

At this time, Zhu Youxiao had a flash of inspiration and said: "Actually, the imperial court can also borrow money." ”

Zhu Youxiao had long considered the issue of treasury bonds, but the time was not ripe, and now that the outlets of the Imperial Bank have spread all over the surrounding countries, Zhu Youxiao can issue treasury bonds through the Imperial Bank in the form of full underwriting. In this way, firstly, the number of people who can sell the treasury bonds will be expanded, and secondly, the treasury bonds that cannot be sold will be covered by the Imperial Bank.

"Borrowing money, who can the court borrow money from?" Sun Yuanhua asked curiously.

"Borrowing money from the people, of course, the court also has to bear the interest on the money borrowed from the people." Zhu Youxiao said.

"Your Majesty, how are you going to borrow money from the people?" Sun Yuanhua continued to ask.

"The imperial court can issue treasury bonds with a maturity of one year, which will be sold by the Imperial Bank, and the interest is slightly higher than the interest of the Imperial Bank, and after maturity, the principal and interest will be paid together......" Zhu Youxiao carefully explained the thoughts in his heart.

"The treasury bonds that Your Majesty spoke of would indeed be worth a try if they were to be fully underwritten by the Imperial Bank." Sun Yuanhua roughly understood what Zhu Youxiao meant

(End of chapter)