Chapter 176: Paper Money

Although the black hole of An Yun and the natives of nearby states and counties generally ate up the currency issued by the Senate, the financial trade still cannot be stopped at all, and the currency used is basically locked in the currency issued by the Senate, which is especially obvious in the local aborigines of An Yun. But the problem now is that the money stock is so low that the Senate can hardly come up with enough money to procure it, so the financial sector is really sad about it. Fortunately, the goods purchased by the natives were industrial products, and the price was much higher than the raw materials and grain and other products they shipped, and often two ships of silver could not be exchanged for three-quarters of a ship's goods, and traders often brought a large amount of cash to purchase products, which finally kept the total amount of silver balanced to a certain extent.

However, the problem in front of Shui Wangtai is not silver but copper, you must know that at the beginning, the raw melon eggs of these financial mouths were made of almost pure silver with a purity of more than 95 percent in the production of silver coins, and only after a period of issuance did they begin to add about 10 to 15 percent of copper, lead or nickel and other metals to it, and after a serious copper shortage during this time, the mint began to stop adding copper to silver coins, only adding metals such as lead or nickel. Copper is a very widely used metal in the old world, especially in the manufacture of wires, electronic equipment, etc., copper is the best conductor after silver. If Shui Wangtai wants to issue new copper auxiliary coins, the biggest obstacle is none other than the formation of the Planning Commission, and almost all the industrial departments of the Senate are staring at these remaining copper reserves.

There are now only two options left for the new coins to be issued in Shui Wangtai – the use of stainless steel stamped coins, known as "Mithril", and the banknote issuance program, which has always been admired by many veterans.

Although the Dongfang Iron and Steel Plant, which Li Jin is in charge of at this moment, has been producing almost frantically, the products are mainly steel, and chromium, the most important metal raw material for the production of stainless steel, cannot be refined at this time, so the road of Mithril coins is not going through at all, and the only thing left is paper money.

When it comes to the issuance of paper money, it is true that the senators of the financial department are trembling, you must know that it took so long for the Senate to establish the status of the trade center of the Oriental Port, relying on the fact that the currency issued by the Senate is absolutely preserved - silver and copper coins cannot be over-issued at all, and it is impossible to cause inflation. But if paper money is introduced in one go, what will be the impact on the minds of the natives? No one can tell, not only the financial mouth is nervous, but the trade department is even more frightened, for fear of annoying the raw material suppliers and interrupting the supply of raw materials. However, fear is fear, the issuance of paper money is imperative, if it is not issued, the circulating currency in the market will really not be able to support the financial circulation needs of the Oriental Port market. After many discussions and consultations, it was finally decided to issue a total of 20,000 yuan of banknotes and auxiliary coins into the market, including six kinds of banknotes of one cent, two cents, five cents, one dime, two jiao and five jiao.

The knot of the earth and the cool ship of the ship made a premature situation

The emergence of paper money was naturally resisted by the natives, but at this moment the issuance of auxiliary coins in the Oriental Port was issued through administrative means, and naturalized workers had to use the auxiliary coins of paper money to settle the mantissa of wages, so these auxiliary coins were put on the market in just one month. But the embarrassing thing is that these banknotes are still not popular with naturalized people and natives, first of all, this thing is paper, in their concept only for the dead to use paper money, and paper is far easier to obtain than copper, who knows if the issuance of these banknotes is not a means of enrichment by the Senate? Secondly, banknotes are not as convenient as silver coins or copper coins, and in the process of use, through the friction of hands or pockets, it is easy to be damaged, and once damaged, it is easy to be rejected by merchants, so most of the banknotes are returned to the vault of Gaode Bank through money circulation more than a month after issuance.

The veterans of the financial mouth are really about to be sad now, and it is impossible to carry out financial circulation without auxiliary coins, but the natives do not accept paper money, and copper coins only go in and out, so they have to discuss with the elders of various departments in desperation, trying to find a countermeasure.

As the saying goes, three stinkers are combined into one Zhuge Liang, although there are no financial predators like Soros in these elders, let alone brainwashing prawns like Chen Anzhi, but they have the ability to be "prophets" who are familiar with the direction of history. The issuance and circulation of paper money in history also has such a tortuous road, especially now the "Dawu treasure banknote" issued in the early years of the Wu Dynasty, Zhu Yuanzhang just established the Wu Dynasty in this time and space when he encountered the same difficulties as the Ming Dynasty in the old world - lack of copper, which is the same problem as the Senate now, he naturally chose to issue paper money, and through administrative legislation, prohibit the circulation of gold and silver on the market.

At the beginning, Dawu treasure banknotes quickly became the world's common banknotes as Zhu Yuanzhang expected, but this kind of paper money paper is poor, difficult to last, and not recognized by the people, the biggest problem is that the imperial court responsible for the issuance of this treasure banknote only issued and did not receive, when it was issued when it was real money, but when paying taxes, it was completely denied, and neither demarcation nor recycling of old banknotes, resulting in more and more paper money in circulation on the market, flooding, and the degree of depreciation and the old world Republic of China period of the fiat currency have to fight. To say that the issuance of paper money by the Senate is not popular now, this Dawu Bao banknote overdraft paper money reputation can be described as a hard work.

The enemy is not a single grandson, and he hates Mo and is far away

The veterans of the financial mouth originally wanted to give up the banknote issuance plan, but were stopped by several veterans of the Ministry of Trade, and the banknotes made some improvements under their suggestions, first of all, the paper was improved, using wear-resistant long-fiber cotton and linen paper, which is durable and lint-free, resistant to folding and difficult to break, and avoids easy damage in ordinary carrying or storage; Secondly, it uses a very powerful anti-counterfeiting method in this time and space - watermark for anti-counterfeiting, so that the counterfeiters of banknotes have no way to start. The above two points mainly solve the durability and anti-counterfeiting of banknotes, and the only way to promote them is to persevere. The credit of paper money cannot be established in a day or two, even in a month or two, so if you want to promote paper money, you must maintain the credit of paper money. Then it is necessary to link the banknotes with the credit of the issuing institution, and start to introduce preferential activities that can reduce part of the tax by using banknotes in many departments that need to pay fees, such as the tax department of the Oriental Port.

The main reason why Dawu treasure banknotes were like waste paper in the later period of the accumulation of the market, regardless of the situation, is because although the Wu Dynasty government was the issuer of paper money, but in the face of taxation and other government actions, it did not recognize the value of paper money, which is equivalent to denying the legal status of paper money as a substitute for gold and silver circulation. The use of paper money to reduce taxes in the port of the East is an official way to recognize the value of the currency and ensure the credibility of the banknotes.

In fact, whether it is the old world or the new world, the auxiliary coins of this era have never been enough, don't look at the piles minted by the Kong Fang brothers, but they are not enough in front of the vast market. In order to solve the shortage of auxiliary currency, many local money banks can only choose to issue their own "money chips", some are paper "silver tickets", and some are even bamboo or wood chips, this kind of money chips through the money number to maintain their own credit, in many areas near the state and county can be circulated all year round.

After the introduction of tax reduction and promotion, the paper money was gradually recognized by the naturalized people, especially these banknotes in the shops, grain stores and banks in the Oriental Port can buy goods like copper coins, which made them let go of the biggest worry in their hearts - these flower paper will not become waste paper like Dawu Bao banknotes, and they are all low-denomination banknotes, even if they become waste paper, the loss will not be too large, so it began to gradually circulate in the next three months.

Sun Budi's hatred of ghosts and ghosts is hateful, and he makes trouble

"I don't have an engine to provide them with now," Liu Shenhong shrugged at Cheng Jun, "Just kidding, now there are fewer and fewer engines that can be used in our entire Dongfang Port, and there are now two large trucks in the old master Wu's place, and there are not many vehicles left in the transportation department that can run, can you imagine that our current industrial raw material transportation is basically towed through the steam locomotive?" ”

"Well, it's really hard now." Cheng Jun couldn't help but sigh, Wu Jingmin also came over at this time, nodded at Cheng Jun, and then said to Liu Shenhong, "How is it?" Xiao Liu, can your industrial department build a large diesel engine? ”

"No! Uncle Wu! Liu Shenhong hurriedly stood up and wanted to run, but was pressed down by Wu Jingmin, "Don't run, don't run, I'm not here to ask for debts, I just asked, if you can't make it, I can't eat you, right?" ”

"Of course, of course," Liu Shenhong still wanted to run, but Wu Jingmin had quite a lot of strength in his hands, so he pressed him to the seat and couldn't get up, and he finally gave up after tossing a few times, "Uncle Wu!" You let go, I don't run, let me tell you, this engine still has a lot of problems to solve, especially the cylinder. Although the cylinders we have built now can be used, the life is too short, cracks will appear at every turn, and the lubricating oil is not up to standard, and there will be problems after a long period of use. We're just building and accumulating experience at the same time. ”

"Yes, yes!" Li Jin next to him suddenly spoke, "The steel industry is a long-term development of the industry, although we now have a variety of production technologies, but there is still a long way to go to practice in production to promote to products, the predecessors spent hundreds of years or even thousands of years to come out of the detour, we are now in more than a year to finish, this is already absolutely open." ”

"I don't understand what you're saying!" Wu Jingmin let go of Liu Shenhong, faced Li Jin and asked, "Can you talk about it again?" ”

"It's easy!" Li Jin said, "Let's talk about steelmaking, we all know that steel is a good thing, the material is hard, and we also know that steel is an iron-carbon alloy with a carbon content between 0.02 and 2.11 percent, but this is not easy to grasp when it comes to production, we are still good, there is a thermometer that can be used to monitor the temperature in the furnace." Even so, the steel will be damaged due to the impurities of the raw materials, but we still have to continue to make steel, in order to ensure that we accumulate enough experience to greatly improve the yield in future production. This kind of experience can be accumulated in the old world for tens or hundreds of years, but we have been able to skillfully produce civil steel in more than a year, and the supporting foundries and hardware factories can produce qualified products for use. We're already going fast, what do you say? The steps have to be taken step by step, and if you take too big a step and click carelessly, it's easy to pull the egg, isn't it? ”

"Alas, I'll just say that you guys are young," Wu Jingmin sighed, "Now the construction of Dongfang Port is over, but Zhancheng Port is being demolished and rebuilt, and there is not enough engineering equipment and transport vehicles, so it will only be half the effort, not to mention that now they are calling for a war with the Medeno people." You think, when the time comes, we will really fight, our Dongfang Port is too close to the coast, we must all evacuate, and the evacuation will definitely require a large number of transport vehicles, in addition to building fortifications or something, everything will need to use transportation capacity, I am in a hurry! Seriously, if we fail because of the lack of capacity in the transportation department, then we are all sinners - what is it called? Sinners of the Senate! ”

"Yes, yes!" Liu Shenhong on the side nodded hurriedly and said, "So we are not idle!" We've been busy with the engine, and it's not just the external combustion engine, our R&D focus has always been on the internal combustion engine. ”

"O you! Go for it. Wu Jingmin nodded and stood up, patting Liu Shenhong and Li Jin on the shoulder, "It's all up to you!" With that, he walked towards the voting counting point.

The counting of votes was nearing completion, and Wu Jingmin could not see the direction of the resolution at all from the situation on the blackboard at this moment, and the number of votes for starting a war and not going to war at this moment was about the same, and the number of orthography drawn was about the same. He couldn't help but mutter, "How can there be such a vote?" ”

"What's wrong? Old Wu? Du Yande was standing next to the counting point at the moment, and when he heard Wu Jingmin muttering in the back, he turned his head and asked, "There is nothing wrong with this vote, right?" ”

"Of course there is a problem!" Wu Jingmin sighed, "In other words, our Senate policy is good, but we can't engage in this kind of great democracy when making decisions on foreign wars!" ”

"Why?" Du Yande and Yang Minghuan, who was standing next to him, couldn't help but be stunned, and were about to speak, but they heard Xiao Jing say leisurely on the side, "I think so too." ”