The news of the imperial court's issuance of treasury bonds quickly spread throughout the empire, and at first people were skeptical, but soon the news was confirmed by the Imperial newspaper.

The whole empire has talked about this, and the issuance of treasury bonds is definitely a new thing in Daming. But in this era, national debt is not a new thing, and Westerners have played very well in this regard.

But the court and the people borrowed such a thing, in the Eastern Zhou Dynasty, the king of Zhou pardon once did, in order to launch a war against the Qin State, and the people of Luoyang City borrowed a lot of money, but the final result was that the war did not start, but the money ran out, which gave rise to a later idiom - high debts.

The most difficult part of the imperial court's issuance of treasury bonds is the lack of credibility. There is no repayment of loans, not only in the Ming Dynasty, but also in Western countries often happen, the French king in order to avoid the obligation to repay the debt even killed the creditors.

In order to make the first issuance of Ming treasury bonds successful, Zhu Youxiao decided to personally persuade merchants and vassal states to buy Ming treasury bonds.

"The imperial court wants to issue treasury bonds, have you ever heard of it?" Zhu Youxiao asked with a smile.

Hearing Zhu Youxiao's words, everyone could already confirm the purpose of Zhu Youxiao's invitation to come, and everyone replied together: "The minister heard about it." ”

"Do you think it's feasible to issue Treasury bonds?" Zhu Youxiao asked deliberately.

Hearing Zhu Youxiao's words, everyone was silent. Zhu Youxiao didn't mind, he glanced around, and continued: "Tai Comber, you can talk about it first." ”

"Your Majesty, the minister thinks it is feasible, and the minister has decided to buy a treasury bond of five thousand taels of silver dollars." Zhang Guoji said respectfully.

"I didn't ask you to come here to apportionment the national debt, I know what you're most worried about? I know that your biggest concern is whether the debt will actually be cashed in after it matures. Zhu Youxiao said.

"Your Majesty, the minister absolutely believes in Your Majesty." Zhang Guoji immediately stood up and said.

"Yes, we absolutely believe in Your Majesty." The crowd chimed in.

"I am first and foremost an emperor, and as an emperor, I consider myself a successful emperor." Zhu Youxiao said.

"Your Majesty is too humble, and your Majesty is definitely a generation of saints...... "Your Majesty is flattering.

"What Tai Kangbo said is extremely true, for five thousand years, His Majesty's martial arts can be said to be unmatched......

……

There was a sound of sycophants immediately sounding at the scene, and Zhu Youxiao said with a smile: "Secondly, I am also a businessman, as a businessman, I think I am more successful than being the emperor, the Imperial Bank, the Imperial Exchange, the Stock Exchange, etc., none of these industries are profoundly affecting the empire today, and their impact on the empire can be said to affect the whole body." ”

Hearing Zhu Youxiao's words, everyone fell silent again. In retrospect, Zhu Youxiao unknowingly changed the business habits of the entire empire. Although Zhu Youxiao raised the business tax revenue, many of the people present had gained huge benefits from this change, they were vested interests, they could be said to be the representatives of the new generation of businessmen cultivated by Zhu Youxiao, and they were also Zhu Youxiao's staunchest supporters.

"Confucius once said: The people cannot stand without faith. I believe that businessmen should be the same, and that a successful businessman must be based on integrity. This time, as a businessman, I guarantee that the treasury bonds issued will be fulfilled on time and truthfully, and the issuance of the treasury bonds will be guaranteed by the Imperial Bank, and at that time, anyone who has purchased the treasury bonds will only need to go to the Imperial Bank to exchange the treasury bonds. Do you still have doubts? Zhu Youxiao said.

"With His Majesty's words, the minister felt that it was worth it, and the minister decided to buy a treasury bond of 100,000 taels of silver dollars." Jiang Yan stood up and said.

"The minister decided to buy a treasury bond of 50,000 taels of silver dollars." Zhang Guoji also said, after speaking, he remembered what he said earlier, and said embarrassedly, "This 50,000 taels is the old man's coffin." ”

"I didn't ask you to come here to apportion the national debt, but just to tell you what the national debt is? Now there is still a month before the issuance of treasury bonds, and when the time comes, if you want to buy treasury bonds, you can go to the Imperial Bank to buy them, and the Imperial Bank will fully underwrite the treasury bonds of 10 million taels of silver dollars issued by the imperial court this time, and I will also buy 500,000 taels of treasury bonds. Zhu Youxiao said with a smile.

"Your Majesty, are the Empire's national bonds also issued in small countries?" The emissary of the DPRK asked.

"If you want to buy the Imperial Treasury bonds, you must go to the Imperial Bank in the Empire to buy them, in view of your sincerity, I have decided that you can give priority to the purchase of the amount of Treasury bonds you need before the Imperial Treasury bonds are officially put on sale, and I will let the Imperial Bank take care of this matter." Zhu Youxiao said.

Zhu Youxiao's remarks made the envoys of the vassal states present think that Zhu Youxiao had directly linked the loyalty of the vassal states to the purchase of treasury bonds, and these envoys immediately thought of quickly informing their own king to discuss the purchase of treasury bonds.

"Thank you, Your Majesty, Longen!" The North Korean envoy said respectfully.

……

In mid-June, the king of Joseon took the lead in purchasing the imperial treasury of 490,000 taels of silver, followed by the king of Siam also buying 490,000 taels of silver, and soon the other vassal states also bought 490,000 taels of silver, and even the king of Kyushu, Chung Zhilong, also bought 490,000 taels of silver.

In total, these vassal states alone bought more than four million taels of silver dollars in government bonds.

On June 18, the first tranche of the Empire's treasury bonds was officially put on sale. At the official offering ceremony, Zhu Youxiao took the lead in purchasing 500,000 taels of silver dollars of treasury bonds, and Zhu Youxiao took the lead, and the merchants and envoys of the vassal states who were invited by Zhu Youxiao naturally could not lag behind. On the first day of the sale ceremony, more than 3 million taels of silver dollars had been sold for 10 million taels of silver dollars, and nearly 8 million taels of silver dollars had been sold for 10 million taels of silver dollars.

Three days later, the 10 million taels of silver dollars of treasury bonds were snapped up, a situation that Zhu Youxiao did not expect at all, and Zhu Youxiao thought that the first issue of treasury bonds might not be sold out.

The hot sale of treasury bonds made the imperial court want to issue the second phase of treasury bonds immediately, but Zhu Youxiao categorically refused, and he would never allow the indiscriminate issuance of treasury bonds. Zhu Youxiao felt that he should write his book as soon as possible, and Zhu Youxiao felt that once he left this world, it was very likely that he would go wrong if he tried a series of economic policies, and once these policies went crooked, they would affect the Ming Dynasty.

(End of chapter)