Chapter 582 New Currency Issuance

"Your Majesty, I'll bear this notoriety for you." Prime Minister Ladolph looked solemn and bowed down to plead.

"But these two Norman pound gold coins and Norman Su silver coins are engraved with portraits of me and Queen Ulaka, no matter how you clear my suspicion, not to mention that you are still my elder, how can you make you take the blame?" William didn't think about it that he had rejected Prime Minister Ladolph's offer, even out of respect for Prime Minister Ladolph.

"Your Majesty, leave everything to the old minister, you are always right as a king, you can't make mistakes or admit mistakes, as your prime minister and uncle, I have the responsibility to bear these for you." Prime Minister Ladolph shook his head and sternly refused.

William's eyes were misty, and he said with tears in his eyes: "Uncle Ladolph, I have worked hard for you, if you hadn't helped me in the first place and gave me the position of Count of Evreux, maybe I was still a lost dog at that time, and I could only take refuge in the Palace of the Pier of King Henry I of France, waiting for him to help me send troops for revenge."

I cannot repay your kindness, and when the fighting on the battlefield of Aquitaine is over, I will give you the entire Duke of Gascony, including the four kingdoms of Almanac, Marsan, Dax, and Bearn, and I will not interfere with it, whether it is under my own direct rule or divided among my relatives and retainers. ”

Listening to William's heartfelt statement, Prime Minister Radolph was moved to tears, and when he heard William say that he would give him the entire Duchy of Gascogne, his first reaction was not to hurriedly accept it, but to hurriedly refuse: "Your Majesty, please take back your fate." I really can't afford the gift you have given me, I already have the title of Duke of Powys, and I am so satisfied that I don't want more. ”

However, William here is unwilling to change his words, he has always been a mouthful of spit and a nail, and the words he says are the water that is spilled, where can he take it back?

"Uncle Ladolph, don't say no." William cordially took Prime Minister Ladolph's hand and said, "You and Duke Hubert are my right-hand men, and you deserve to be paid enough to assist me in achieving hegemony."

Compared to Duke Hubert's Duchy of Anjou, your Duchy of Bowys is located in a barren Wales region, and is indeed not worthy of you as Prime Minister.

Besides, after you accept the title and territory of Duke Gascogne, you can help me protect the Kingdom of France with Duke Hubert in the south and north. ”

"Your Majesty, since that's the case, I won't shirk anymore." Prime Minister Radolph was finally impressed by William's sincerity and nodded in response.

......

In terms of national bonds, the Norman Bank is responsible for the implementation, and William is the first to purchase the treasury bonds with an amount of up to 30,000 pounds of silver, so there is no need for Prime Minister Ladolph to worry about it for the time being, and he only needs to cooperate with William's decree, but the real headache for him is the issue of the issuance of this new currency, even if William orders, the Norman Bank, which is already a behemoth, is unwilling to be responsible for the issuance of such gold and silver coins with very low gold and silver content.

To tell the truth, the fineness of these two gold and silver coins minted by William is really not low, and it is not much different from the precious metal coins minted by other countries, but because of the high gold content of the old gold and silver coins, both merchants and nobles at home and abroad are willing to use the old gold William gold coins and shilling silver coins.

This was also a major mistake by William when formulating monetary policy, and the excessive fineness of gold and silver currency made the kingdom accustomed to using these gold and silver coins with poor quality.

Therefore, it is imperative to recover the gold William and silver shillings from the people as soon as possible, and then to promote the Norman pound gold and Norman Su silver coins.

In addition to stopping the minting of old gold and silver coins, Prime Minister Radoff also set up new and old currency exchange points in every Norman bank to exchange new coins.

But this was not enough, Prime Minister Ladolph decided to pay for the salaries of government officials, military salaries, administrative expenses, palace construction costs, etc., and at the same time he ordered that this year's taxes must be paid in the old gold and silver coins, and if the new gold and silver coins are used, it will be 30% more taxes.

During this period, William did not issue a single decree or decree regarding the issuance of new coins, as if he had completely left it to Prime Minister Radoff.

Although it is a little unbearable, Prime Minister Ladolph is right, as a king, he must always be right, no matter what decision he makes, he must not admit that he is wrong, otherwise his noble vassals will be distracted, and ambitious people will go around to oppose the king.

This time, Prime Minister Ladolph took the blame for him, and William remembered it in his heart and saw it in his eyes, and he was determined to compensate Ladolph well, not only a mere Duchy of Gascogne, but also his branch would share the glory with the Normandy royal family.

Prime Minister Ladolph's new currency policy was very effective, with about 10,000 old gold William coins and several times the old shilling silver coins being recycled and reminted, and tens of thousands of new gold coins and many more new silver coins flowed into circulation.

However, with the continuous issuance of new coins, dissatisfaction and resistance to new coins have also broken out in China.

It was not the aristocratic officials and military officials who were the first to resist the new currency policy, nor the merchants, but the artisans who belonged to the various artisan guilds.

Merchants exchange Singapore currency mainly through banks and tax authorities, and they are in a vulnerable position to speak out even when they complain.

The aristocratic officials and soldiers did not make a fuss because they had more compensation, and the military salaries of the soldiers were not paid once a month, but once a year, and the new currency policy did not affect the army for the time being.

But the artisans were different, and although they were considered a vulnerable group, the situation was different when they formed organizations such as the guilds of stonemasons, carpenters, boatmasons, and blacksmiths.

The whole country could not be run without the work of these craftsmen, the construction of new warships, the construction of weapons and armor, the construction of palaces and buildings, and so on.

Guilds in all walks of life are as annoying as the guilds in the United States, and although guilds promote the development of the industry to a certain extent, they can also organize artisans to resist the new currency policy.

Prime Minister Ladolph took a different approach to the disciples of the craftsmen, including the blacksmiths and carpenters' guilds for military production and fleet manufacturing, and he announced that the use of new coins would be preferential in terms of taxes.

But the stonemasons responsible for the construction of palaces, churches, and buildings were not so lucky, and not only did they not receive any favors, but they were also ordered by Ladolph to disband the stonemason organizations in various places.

The Stonemasons' Guild was the same chicken that Ladolph had brought out to kill the chickens and make an example of the monkeys, who told them to make such a fuss before, shouting that if they were given new dollars, they would strike and leave the half-built Palace of Versailles behind.