Merchants and businessmen with small assets wanted to make a profit, and the flow of capital to the south was itself justified.

Even if it is to invest in land, the profit of land in the south is higher than that of land in the north. What's more, the geographical advantage of the envoy of Minjun, when the European trade and the trade of the Spanish colonies were developing day by day, Mincheng naturally became the place with the highest return on investment theory.

With the appeal accumulated before, the company's investment fundraising is smooth. Even if the investors are still in the capital, but the capital has flowed to Minjun, which is a necessary condition that cannot be ignored if you want to survive the transition stage in peace.

The main force of Min County today is the struggle against the reactionary and conservative forces, because the transitional phase of bloody accumulation is spent in a relatively stable way, which is conducive to the development of the bourgeois forces, and will not be strangled by the reactionary and conservative forces at the bottom.

However, the darkest days are yet to come, and once the transitional phase has deepened and the capitalist system has stabilized, the main direction of the struggle will be completely laissez-faire primitive capitalism.

Nowadays, many of the hydraulic workshops in Min County had to be built in the river valley area, and the improved steam engine had not yet appeared because of the problem of the cylinder, so large factories and workshops could not appear in the cities, but only in the rural river valley areas.

In this way, the factory owner had to think about the life of the employees: they needed to build dormitories like single cells, they needed to be at least fed, and they needed to have a stable life there. Because it is far away from the city, the labor cost needs to be higher in general, and it is necessary to keep the hired workers alive appropriately.

However, once the steam engine appeared, the real bloody age was also coming. A large number of factories have appeared in densely populated cities, many small craftsmen and burghers have become proletarians, there is a relative surplus of the working population, there is no need to think about the life of hired workers in the rural valleys, and the bloodiest class legislation will be established as a matter of course after the capitalists have gained a foothold.

In the early days, it was certain that the proletarians who had a place to live in the city would be given priority, and those who did not have a place to stay would get out, so that wages could be kept down, and labor could be recruited at lower wages, and those with accommodation would always receive lower wages than those without accommodation; Then there will be a steam engine-powered factory that no longer needs skilled workers like handicrafts, and that a thousand people will be recruited this month, and that they will be replaced the next month, and that the real precariousness has not yet begun.

Once the bourgeoisie gains a foothold and governs according to the idea of laissez-faire, the more impoverished people there are, the more reasonable the relief, which is against the will of the market. Even the relief should be separated from the men and women, and the most cruel life is used to force them not to receive the relief but to accept lower wages to work in the factory...... And in their internal logic and theory, this is unassailably correct, according to that basis, in this way, in order to improve production efficiency, reduce costs, obtain higher profits, the targeted elimination of a part of the poor for the poor, the cruel relief is to make the bottom less "lazy" and force them to "work hard and without much complaint, willing to accept the minimum wage" to work in the factory.

In order to minimize this happening and save more lives, you can't wait until after it happens, when it's too late.

Relying on the transitional advantage that the power of the steam engine had not yet appeared, and the large factories could only be built in the valley area, the establishment of infrastructure companies and the establishment of county-owned factories to replace cruel relief with normal labor and affect the majority of the bottom of Mincheng must be started now.

Remain the same, people are most dissatisfied; But if you take away the original benefits, people will resent.

It seems that the infrastructure and county-owned factories are helping the bourgeoisie through this easily criticized transition period, but in fact they are also mass-producing "anti-thief" reserve forces - once formed, the county-owned factories will at best remain unchanged in the future, and will not be able to retreat into cruel relief, and whoever dares to do this will be tens of thousands of people who take up guns to defend their interests. On the premise that Mexico's party organization is intact and the party assets are abundant, this will be extremely terrifying.

Either the bourgeoisie compromises, imposes a partial progressive tax, maintains the county-owned factories to ensure labor and employment for the poor, and increases the voting and political rights of the bottom; Either flip the table and completely shatter the original frame.

Progress is forced out, and the capital investment in the capital is now to cultivate more reserve troops for the progressive forces in the future.

The promised profits were nothing more than nooses and traps later.

It's just that at this time, no one thinks it's a net, but rushes to it. Even if it is not yet the raising of share capital, many people have already said that as long as the time is raised, they will definitely subscribe.

The analysis that the profits from copper, iron, guns, saltpeter, and Europe will not be stable are certainly factors that these people consider this investment to be profitable, and those basic transportation construction does not seem to be completely profitable.

Many people received a crude statistical booklet printed by the Modang Statistical Office, which detailed the various revenues of the canal leading to the mining area and the horse-drawn railroad of various cast iron tracks in Minxian County, and the accounts were detailed and intriguing: "Before the canal in the mining area of Minxian County was repaired, it is easy to find the price information of the time from the local records of Minxian County. One silver coin can buy 800 catties of high-quality coal, and the price of inferior coal is not much cheaper than high-quality coal. This is because when a mine owner hires miners to mine coal, he has to think about transportation even if he wants to make a sufficient profit. ”

"Before the repair, part of the coal used in Minxian County was transported to Mincheng by coal ships from the surrounding coastal areas or mining areas with natural rivers. For merchants, it must be profitable, that is to say, compared with the coal mines in Minjun County, which is hundreds of miles away, the freight cost is higher than that of seaborne coal 300 miles away. ”

"Subject to the price of coal, Minjun's salt-making, pottery-making, white porcelain, silk reeling, alkali making, cloth dyeing, glass, smelting and forging industries, although compared with other places have certain advantages, but the advantages are not huge. Under the premise of the same quality, in order to ensure the price advantage, raw materials and indispensable dyes are the costs that have to be considered. ”

"That is to say, in any industry that requires coal as a dye, the cost of eight hundred catties of coal must be considered, and it is impossible to reduce it."

"As a result, there is a delicate balance between the various mines, and it is difficult to form the advantage of scale and the possibility of a fragmented mining industry uniting together."

"As mining explosives replace black powder, and wooden rails replace miners' bodies, the cost of coal coming out of the ground continues to fall."

"According to party statistics in the mining area, the average amount of mining by an ordinary miner, after the use of rail roads and mine explosives, doubles compared to before use. However, the price of coal in Minjun only dropped from 800 catties of silver to 900 catties of silver. ”

"When the mining canal and the mining rail road and canal connecting the various mining areas and quarry areas were completed, the coal mining group in Nan'an quickly developed a price advantage. The price of coal from the Nan'an mining area to Mincheng has experienced drastic fluctuations, and we can get the following figures from the local gazetteers. ”

"In 507, one silver coin can buy 800 catties of high-quality coal."

"In 509, one silver coin could buy 2,400 catties of coal from the Nan'an mining area."

"In 510, a silver coin can buy 1,800 catties."

"In May 11, one silver coin can buy 1,800 catties."

"Since then, the price of coal has stabilized. The lowest year in 509 was because the Nan'an Mining Group completely squeezed out the mines of the rest of the group that did not join the group with its price and capital dumping, and the excess coal supply and storage, even then it still maintained no loss. ”

"Since 510, according to the records of the Mincheng wharf, it can be clearly seen that the coal ships shipped to Mincheng have disappeared, and the coal from Mincheng has begun to be exported."

At the same time, due to the development of overseas trade, the amount of coal used in Min County has increased fourfold. The original ceramic factory has increased from 3,000 employees to 9,000 employees, and because of the division of labor and cooperation, the increase in output far exceeds the number of employees. Other industries, such as boiling salt, silk reeling, dyeing cloth, pig iron, wrought iron, etc., have also developed rapidly, and the amount of coal consumption has continued to increase. ”

"Based on the amount of coal used in Mincheng, the canal's annual revenue is only 5 to 6 percent. It can be said that the money from the construction of the canal is invested elsewhere, and the profit is by no means more than that. ”

"But when the canal was repaired, the great development caused by the reduction in the cost of the handicraft industry and workshop industry in Mincheng caused by the reduction of coal prices in turn promoted the increase in coal consumption."

"At the same time, a large number of miners were gathered in one place, and their food, clothing, shelter and transportation also had to be transported along the canal, because it was cheaper than the horse-drawn carriage transportation by land. The cheaper coal price has also promoted the development of some industries in Fujian from scratch, and the price reduction of glass manufacturing and soda ash manufacturing has led to the price reduction and best-selling of window glass, which has raised the amount of coal to a terrible level. ”

"Because of the lower price of coal delivered to the terminal, some coastal towns around Mincheng will also choose coal from the Nan'an mining area. These are not in the statistics within Mincheng, but according to the records of the wharf, they are also increasing every year. ”

It can be seen that it is meaningless to use static eyes and algorithms to infer the rate of return of the canal. If you calculate the original rate of return of 5 percent, this is worthless to capital - the Nanyang Company, banks, spinning mills, plantations, etc., the annual rate of return of 5 percent is not even as good as the interest on the loan. ”

"However, if you look at the benefits of the canal from the perspective of development, and look at the detailed and accurate figures in a few years, the yield of the canal is not the highest, but the rate of return is not low. The average annual rate of return is 34 percent, and the annual rate of return is still increasing, which is predictable. ”