After a month, the first batch of silver dollars ready to be put on the market was produced. Pen ~ fun ~ pavilion www.biquge.info

There are five types of silver dollars in this set, namely one yuan, Wu Jiao, two Jiao, and one Jiao, and a batch of copper coins are also attached, with denominations of only two categories: Wu Fen and One Cent.

Copper coins are naturally for the daily life of the people to buy small goods or change the need for change, just as the Royal Bank does not issue paper money, but still issues banknotes with the same nature as silver bills, in order to facilitate the economic life of the Ming Dynasty.

However, the banknotes represent at least five thousand silver dollars or more, in order to facilitate large transactions, but in order to stabilize the value of the banknotes, the number of banknotes is strictly limited, and the Royal Bank has to save as many silver dollars of the same value as many banknotes as it distributes, so there is no need to worry about the impact on the lives of ordinary people.

According to Zhu Youxiao's arrangement, this first batch of currency will be used for the first time to distribute money to officials and craftsmen of various national industries, such as the Royal Academy of Sciences and the Academy of Engineering, as well as the Ordnance Department and the Royal Academy of Engineering.

Secondly, some of them were deported to the Royal Bank to prepare for the exchange of the common people.

In order to encourage the common people to exchange silver dollars for economic activities, Zhu Youxiao has also ordered all major newspapers and periodicals to devote a large amount of space to publicizing the advantages of a unified currency and not directly using gold and silver as currency.

Although it is not necessarily guaranteed that the people can understand, as long as the official keeps saying that the three of them will become tigers, and everyone will be able to subtly make the people feel that this is a good thing.

What's more, at the same time, the household department also directly published notices in major newspapers and periodicals and at the gates of major cities, and copied documents to local yamen at all levels, and only silver dollars were collected for tax collection in the future.

But who knows, as soon as the news was announced, it immediately caused an uproar, and many people took it for granted that this was the imperial court's strategy to collect money, and some people even threatened that the imperial court was only afraid of collecting another sum of money when they wanted to borrow silver and two copper coins to exchange for silver dollars.

As a result, the silver dollars stored in the Royal Bank were rarely exchanged at first, and some even feared that the Royal Bank would use them to swallow up their money.

As a result, instead of coming to the Royal Bank to exchange silver dollars, many people rushed to withdraw money with their stubs.

"Li Yuanwai, you have to think about it, your 30,000 taels is a one-year fixed term, according to the provisions of the paperwork, you have to take it on May 14 next year, you can not only withdraw it now, but also have to pay an additional 30 out of 1 liquidated damages?"

Hu Shouchun patiently explained to Li Yuanwai, a large depositor, but Li Yuanwai waved his hand and said: "I know, isn't it just a thousand taels, I can afford to lose, and I can't let the 29,000 taels be swallowed by you." ”

"Okay, take 29,000 taels of silver for Li Yuanwai!"

Hu Shouchun shouted like this, Li Yuanwai didn't expect it to go so smoothly, and asked in amazement: "Can I really take it?" ”

"Yes", after Hu Shouchun replied without hesitation, Li Yuanwai was afraid that this so-called bank with royal relations would not admit the account and was not allowed to take it himself.

Other depositors who were watching from the outside were also busy withdrawing their money.

These depositors, who had come at interest rates as high as one-tenth earlier, now do not want interest and are even willing to withdraw their deposits in the form of inverted losses, which has to make people sigh how low the credit of the people of the Ming Dynasty is to other currencies except gold and silver.

Because of this, the Royal Bank suffered its first run soon after its opening, because the two parts of the previous savings silver had been minted into silver dollars, and part of it had been taken away by the commanders of the battalions as a salary for recruiting troops.

Zhu Youxiao did not intend to force the people to deposit silver involuntarily and exchange it for silver dollars when they were withdrawn, but he also had corresponding incentives, that is, those who were willing to withdraw silver dollars could be exempted from liquidated damages.

In addition, it is clearly stipulated that those who go to the Royal Bank to exchange silver dollars within six months will be exempted from the handling fee, and those who exchange again after six months will pay the handling fee.

But many people did not listen, and questioned that the imperial court was taking the opportunity to swallow their money through the distribution of large quantities of silver coins.

Ordinary people were fine, because the imperial court had to use silver dollars as a tax, they had to come to exchange, but some merchants were reluctant to be exploited by the imperial court.

Some officials who could have taken the opportunity to change the proportion of copper coins by privately changing the proportion of copper coins through the currency chaos also secretly resisted the emergence of the silver dollar, and hoped that through this run, the imperial court would be forced to take the silver dollar back into the furnace and refine it into silver ingots, so that the imperial court would abandon the currency reform.

However, Zhu Youxiao did not compromise because of this, and when Hu Shouchun reported that the Royal Bank's money was tight, he did not think about urgently allocating internal funds to fill it.

Even the silver taels confiscated from Wei Guangwei's mansion and the silver taels accumulated by the Donglin Party in the past were used in the Royal Bank to cope with the run on the storm.

Gradually, the run began to subside, and the gentry and magnates who were waiting to see the show behind them did not expect that the Royal Bank was still in the exchange business of silver dollars, and at the same time, there was still a steady stream of silver taels to be taken out.

Moreover, as the Royal Bank has fulfilled its contracts again and again and has given depositors withdrawals without conditions, many depositors have also begun to trust the Royal Bank.

Many merchants or those with some savings began to deposit their silver back into the Royal Bank, and this time the number of people who came to open accounts was three or four times higher than before, but the Royal Bank also came up with its own countermeasures.

That is, because it was opened before, there was a high interest rate of 20 out of 1 or even 20 out of 1 in the first three months, but now it has been canceled, and the maximum interest rate has been reduced to 30 out of 1.

In other words, if you re-open an account, you can only choose a fixed savings of up to 30 draws, and even have to pay a handling fee.

Many people complained bitterly, regretting what rumors they had listened to in the first place, so they couldn't wait to take out the money, and now they have spent a lot of money in vain.

"Alas, it's really a loss to me, this royal bank is the royal bank, it is worthy of being opened by the emperor, and it is naturally more reassuring than those ticket numbers, but I am old and confused, listening to the words of Lord Huang, I am in a hurry to take out 30,000 taels, but now it is good, I thought I could get 3,000 taels by eating interest, but now I have lost 1,000 taels!"

Li Yuanwai said bitterly to Hu Shouchun, but Hu Shouchun still smiled and said: "I also persuaded you at the time, but you didn't listen, the emperor is rich all over the world, will swallow you for only 30,000 taels of silver?" ”

"Master Hu, you're right, it's my little brother and I'm stupid!" Li Yuanwai said with a drooping face.

"Then how long do you want to save this time?" Hu Shouchun asked.

Li Yuanwai didn't think about it and shouted: "Lift it up!" And said to Hu Shouchun: "I don't have the heart to walk north to do business now, now I take out all the savings of the family, a full 100,000 taels, save for a fixed period of three years!" ”

"Really?"

"Really! This time, I have to save back the money I lost," Li Yuanwai said unwillingly. (To be continued.) )