The supplies seized from the flute allowed the Tempest to complete its final refit, and the full form of the Tempest appeared in the triangle between Barbados, St. Vincent and Grenada.

Chen Shouxu ordered the full sails to be hung for sea trials, and the small dhow had a total of six sails. Usually in order to prevent the backmast from blocking the canvas on the foremast, the multi-mast sailing has to adopt an angle of sidewind, which is not completely downwind. The Tempest, on the other hand, could completely hold the incoming wind with six pieces of canvas, and when the sail slings were tightened, the flared sail gave the Tempest great speed, and the nimble diagonal truss sails gave the Tempest a high degree of agility.

Everyone on board was amazed at how perfectly the Tempest combined speed and agility, and it was already the fastest ship in the entire Caribbean. If the weather did not suddenly turn bad, it would have been futile to escape, and like the prey in front of him, he finally lowered his sails in despair and raised the white flag.

A small, unarmed merchant ship, the Tempest was relieved to take overboard. The gang jumps onto the loot ship with their weapons, and everything goes through a textbook process.

The Tempest left six sailors on the deck to control the booty, and ten men went down to search the ship's cabin for the booty.

The captain of the booty looked helplessly at the conqueror, who was rummaging through the cabinets on the ship, no different from the other captives, and his pale face proved that his heart was not feeling well at this time.

Taking advantage of this free time, Chen Shouxu asked the captain who had surrendered, "Owner, have you ever heard of a brig called the Banshee?" It may have the Dutch flag or the English flag. ”

"There are quite a few English and Dutch merchant ships in this area, and the dhows are also very common, I don't know which one you are asking."

"It was a privateer, with 10 guns, and it was very powerful. The hull is painted mainly yellow, with black stripes between the decks. ”

"I'm sorry sir, I didn't know about the ship you were talking about."

Chen Shouxu sighed and shook his head. This is the seventh warship in this period of time, and it is also the seventh time that Chen Shouxu has repeated a similar dialogue. Still nothing.

The spoils of war were mainly loaded with cane sugar, rum and some other goods, Chen Shouxu was not interested, and at present he valued gold and silver, tobacco and personnel replenishment the most.

In the Bahamian pirate community, there are actually different styles.

Some pirates, who called themselves "righteous thieves", were usually better disciplined, and considered themselves Robin Hoods of the sea, such as William and Marmont. If the merchant ship did not resist, after grabbing the ship, it would generally only take the gold, silver and necessary supplies, and in many cases return the ship itself to the original owner, and even give some loot when parting. In this process, there will be no abuse or murder.

Some pirates, on the other hand, were more cruel in their methods, torturing and killing rebellious captives, and the ferocious reputation of these pirate captains spread in the West Indies to stop children from crying at night.

Chen Shouxu is still inclined to the former, and there are no merchant ships in the entire sea area that can get rid of the Tempest. Chen Shouxu was not very interested in the cargo of merchant ships, he only wanted precious metals and war supplies, in addition to recruiting more sailors.

The small merchant ships that sailed along the coast did not have much oil and water per ship, but the speed of the Tempest made it very efficient in hunting, and simple raids also saved a lot of time. In half a month, the pirates gained a lot of money, which also made Chen Shouxu face a very serious problem, how to distribute the spoils.

Although the backbone of the crew is all from the Banshee, Chen Shouxu has neither the authority nor his resources to use the model of a privateer. After a brief discussion with the chief and Maiden, Chen adopted the usual practice of Bahamian pirates.

The Bahamian pirates had a core mechanism in the distribution of loot, the pirate credit unions. Pirates were a highly innovative group, and the credit union borrowed some of the first banking forms that had just emerged in the Netherlands and Italy during this era. Chen Shouxu adopted the name of the credit union, but he made great improvements.

Chen Shouxu designed a structured capital model for credit unions.

The first tier, the core capital, which is 50% of the total share capital, excluding those who are still on probation, is 10 shares per person of £1 per share for all official pirates on board, regardless of age and position, and the core shareholders have equal voting rights within 50%. Core capital has no dividends, is inheritable, non-transferable, and can only be repurchased from the credit union. Core shareholders have the right to inspect and audit the credit union's books.

The second tier is subordinated shares, with the same amount of upfront issuance and core capital. Chen Shouxu originally wanted to release the right to subscribe to the subordinated share capital, which could be subscribed as long as he had money, and could apply for a 1:3 allotment from the credit union to encourage sailors to hold shares. But Maiden, who understood what Chen Shouxu wanted to do, still persuaded him that his steps should not be too big. Chen Shouxu thought about it too, so the subordinate shares were divided equally according to the capita. The subordinated shares have the same voting rights as the core shares and can be transferred after 3 years, but the maximum shareholding ratio of individuals and interested parties shall not exceed 10%. There will be no dividend at the moment, but there is an option to pay dividends in the future.

The third tier is preferred shares. Those who have dividends and hold a certain amount of preferred stock can attend and speak at the credit union's shareholders' meetings, even if they are not pirates, but they do not have the right to vote. It has not yet been released.

The fourth layer is debt funds. All pirates can deposit their gold and silver with credit unions, where interest is charged on the deposit at a fixed income.

All pirates, including those on probation, can borrow money from the credit union up to the limit. The interest rate on deposits and loans is determined by the general meeting of shareholders of the credit union or its authorized institution.

Because the scale of the credit union is still small, limited to one ship, the Storm, Chen Shouxu did not design a too complicated transaction structure, which will be supplemented later.

After the establishment of the Storm Credit Union, the first thing to do was to elect the chairman of the credit union. Chen Shouxu is the captain of the ship, and the articles of association of the credit union are designed by him personally, so he is the best candidate for the chairman.

But Chen Shouxu resolutely resigned in front of everyone, "I am already the captain of the ship, and I don't have more energy to manage the business of the credit union, so you should choose another one." And I would like to suggest to the General Assembly that we have only one ship now, but in the future we can have a fleet! In the future, our team, captain, navigator and other military officers on board the ship shall not concurrently serve as the chairman of the credit union. ”

Chen Shouxu deeply understands that it is not a good idea to hold all the apparent power in his hands. A set of fair trade rules, a reasonable power structure, works much better than a single husband.

The crew meeting saw Chen Shouxu's resignation, so he elected Dripple, the oldest person on board, as the first chairman of the credit union. Chen Shouxu's suggestion was also approved by the pirates in their hearts, and the pirate group was generally wary of the captain in the handling of the spoils of war, so the election position of the captain appeared. Chen Shouxu's avoidance of suspicion and the suggestion that the ship's chief officer should not work part-time in the credit union deeply appealed to the psychology of the sailors.

After the establishment of the credit union, the gold and silver invested in the shares were counted in front of everyone and locked in the vault. The entry and exit of each sum of money can only be carried out under the joint supervision of the chairman of the board of directors and the ship's chief or his designated authorized person. If the money is only spent on the ship, then there is no need to actually deal with the treasury, and bookbuilding is sufficient. At present, some of the sailors on the ship are not able to scrape together the silver needed to buy shares, and they have also completed their shares by bookbuilding for the time being, and they need to repay them with war spoils later.

In order to support the business of the credit union, Chen Shouxu took the lead as the captain of the ship, and after leaving a little change with him, he deposited all the gold and silver in the vault.

The rules of the game are formulated, and there is also a need for guarantees that allow the rules of the game to be played. For the state, it is the law and the machine of violence. The pirate team does not have this condition at the moment, but in the foreseeable future, the pirates will never have too many ships and people, and they can also ensure that the game is at least fair with personality and other factors. What about when the team expands further? Let's talk about it then.

The pirates could be in danger of dying in battle at any time, and Chen Shouxu also left a will, he did not designate an heir, but transferred all the shares to the pirate's public account after his death. Under Chen Shouxu's example, many pirates chose the same approach.

Throughout the union's existence, the Storm was hidden in the bay of Beckia Island, where several crew meetings were held to finalize some details. Chen Shouxu breathed a sigh of relief after all the pirates had signed the charter, and he provided a possible order for all members of the team, tying everyone together in terms of financial interests, which made him feel for the first time that it was possible to build a stable team.

Now, Chen Shouxu was about to decide on his next move, and the name of the smiling orca had spread all over the nearby seas. The number of merchant ships has been greatly reduced, and it is time to change the hunting grounds.

Until then, Chen Shouxu decided to completely clean the hull of the Tempest. Bekia Island was not a good place, and some of the newly replenished sailors were familiar with the islands on the northern coast of the South American continent, and at their suggestion, the Tempest sailed to Blanquilla Island.

Blanquilla Island is located 100 miles off the coastline of Venezuela. To clean the hull, the Tempest needs the help of another ship. Chen sailed the Tempest to Venezuela for another two days, catching a Spanish sloop loaded with whale oil, flour, grains, cured pork, and pastrami bound for trade in the port of Cartanach.

The galleon trade of the previous year was coming to an end, and the returning Spanish galleons were sure to need to replenish a large amount of food supplies, and this ship wanted to do this last business.

There was no need to be polite to the Spanish ship, Chen Shouxu directly detained the ship, left the black slaves and indentured slaves who were willing to join the pirates, and threw a longboat to the Spanish captain to let him go home.

Chen Shouxu said to Fraser, "You and Robert take 15 men to pilot the captive ship, and we'll go." ”

"Captain, you can't run fast. I couldn't find Blanquilla Island at all. ”

"Got it, got it. You take care of the people and leave the navigation to Robert. Keep up a bit. ”

After several additions, Chen Shouxu's manpower is now enough to drive two boats. But with Sterling's withdrawal, he was short of officers who knew how to sail, and he had no choice but to let the children go.

Author's note: Pirate credit unions exist in real history.