Chapter 253: The New Monetary System

(1st Update)

"Boss Yan is also coming to join the federation?"

"Boss Yan is wealthy, how can he be interested in joining the federation and sharing food with us?"

“....”

There was a burst of disdainful laughter from below, and Yan Yibin swallowed a mouthful of saliva, his breathing slightly heavier. Pen? Interesting? Pavilion wWw. biquge。 info

"Good Governor, Yi Shanyuan is not doing well, can I also join the Federation?" Yan Yibin repeated, but his heart was full of apprehension, he was the one who took the lead in questioning, and now it was he who tried his best to join, and even he couldn't pull down this old face.

"Of course" Ye Kai did not refuse, "Boss Yan's righteousness and benevolence are famous, naturally you can, this governor said that as long as you meet the asset standards, anyone can join, and the federation will always be an open organization." ”

"Thank you, thank you, thank you." Hearing this, Yan Yibinle blossomed, and his heart finally stabilized.

"Boss Yan, do you understand the rules of the procedures for joining the federation?"

There was a warning from the governor beside him, and Yan Yibin nodded hurriedly, "Understood, understood." With that, he staggered down to his seat and went to the clerk to hand over the information of his bank.

"The capital, flow, real estate, and various collaterals of Yishanyuan Qianzhuang are equivalent to 6.22 million taels of silver, 3.15 million taels of book liabilities of Qianzhuang, and 3.07 million taels of net assets."

"Lord Governor, this relief silver?" After a set of procedures came down correctly, Yan Yibin looked at Ye Kai, hesitated for a while, and reminded in a very light voice.

"Oh, Boss Yan's money bank is a big money bank in Shanghai, so he should have more points." Ye Kai thought for a moment and said: "One hundred and eighty thousand taels of relief silver will be allocated to the source of righteousness and goodness, and it will be distributed in three batches. ”

"The federation issued 1.8 million taels of official silver, accounting for 36.9% of the shares, and the money bank accounted for 63.1%."

Hearing this, Yan Yibin completely calmed down at this moment, it seems that the Governor is not so careful, thanks to his precipice, otherwise...

"Eh, no, this governor has thought of something, Commissioner Cai!" Ye Kai looked at Cai Naihuang and said, "I remember that there is an official silver deposited in Boss Yan's Zhuangzi in Shanghai, right?" ”

"Yes," Cai Naihuang nodded violently.

"How much?"

"Two million taels," Cai Naihuang said.

"Oh, in this way, then Boss Yan's relief should be added to these two million taels, for a total of three million and eight hundred thousand taels."

After Ye Kai finished speaking, the people below responded to the thunderous movement, especially Yan Yibin, a red-capped businessman, who resolutely changed when he heard it.

"Lord Governor, this is not the same thing, this..."Yan Yibin was extremely emotional.

Cai Naihuang spoke up at this time, and shouted: "Yan Yibin, the official was blinded by your rhetoric, and you immediately returned the two million taels of silver from the Shanghai government, otherwise, the official will definitely bring you to justice!" ”

Yan Yibin was directly stunned for a moment, the other bank bosses around him were happy to see it, this person was shameless to such a point, since he dared to come, he was not afraid of others looking at his jokes.

"Boss Yan is in danger, why should Commissioner Cai be harsh?" Ye Kai muttered.

"Yes, yes, yes," Cai Naihuang repeatedly vino.

"Boss Yan, what do you think of Bendu's proposal just now?"

Yan Yibin didn't dare to squeak anymore, what else could he do now, so he had to slowly lower his head.

"But it's up to the adults to decide.."

"Okay" Ye Kai applauded, and the clerk immediately understood the report: "The federation issued 3.8 million taels of official silver relief, accounting for 55.3% of the shares, and Qianzhuang accounted for 44.7%...."

Yan Yibin cried and mourned, and the people around him laughed, this was really lifting a stone and shooting himself in the foot.

....

The first batch of members of the federation included a total of seven money banks, with total assets of more than 20 million taels, all of which were among the largest chaebols in Shanghai's local financial circle. Become a leading enterprise in one side.

The capital of 20 million taels can also be among the best in the country, although the amount of debt is also more than 10 million, but as long as the follow-up relief funds continue to pour in, the federation will be able to turn over immediately.

The most important thing is that this federation is controlled by Ye Kai, and he was elected as the first chairman of the federation, which is naturally unacceptable.

Ye Kai said: "I remember that Boss Yan had a concern at the beginning, saying that once the federation loses, will you be blackened by this cauldron, this governor assures you that since you have joined the federation, you will never let everyone suffer." ”

"The first business of the Federation, the issuance of new currency, from this day onwards, under the Governor, only the Federation has the right to mint money and the right to issue money, and all banks, companies, and trading houses are forbidden to use silver taels, and the eagle and ocean transactions are prohibited, and the circulation of copper coins is abolished in the market, and small paper money is used as auxiliary currency, and large transactions are also switched to silver dragon coins minted by the Federation, and no enterprise or individual shall privately issue paper money or other collateral of the same amount, and violators shall be punished as disturbing the financial order."

After Ye Kai finished speaking, the audience instantly fell into unprecedented jubilation, and the sound of "Ka Ka Ka" took pictures one after another, monopolizing the right to issue currency, which is a big thing with great profits.

The monetary system at the end of the Qing Dynasty was chaotic to the extreme, not only the central government had the right to mint money, the governors of various places, banks, and even private foreign banks had the right to mint money, the provinces circulated as many as dozens of kinds of silver coins, as auxiliary coins of copper coins were shoddy and indiscriminate, insufficient weight, the most widely used silver coins were the Mexican Eagle Ocean, foreign currencies dominated the Chinese market, and it was simply a strange thing to look at from the current point of view, in addition, currency substitutes also abounded, such as this stock boom, private banknotes issued by money banks, It can be directly circulated in the market, and its reputation is higher than that of ordinary silver taels, so if you want to revitalize the silver industry, you must start with a stable currency.

As long as you have a monopoly on the right to issue money, are you still worried about having no money? There is a good saying that currency is the sharpest weapon, killing people invisibly, using inflation and exchange rates and other financial means to suppress foreign banks and gain an advantage for domestic goods, can also become a reality.

It was with this idea that Ye Kaicai had the idea of hitting the currency, and the future transactions would be mainly silver dragon coins and small banknotes, and the federation would also play the role of a regional central bank.

In fact, at the beginning, Ye Kai had a bigger plan, abolishing cash and silver transactions, and directly transitioning to paper money, the reason for this is of course far-reaching, after entering the twentieth century, the silver standard has been on the verge of collapse, and countries generally change the silver standard to the gold standard or a mixed gold and silver standard, and the ensuing impact is that the price of silver plummeted, the financial order fell into chaos, and even accompanied by violent inflation. The actual compensation paid was 1.17 times that of the original.

From the current general trend, the status of cash silver will only become more and more chicken, the sooner it changes, the sooner it will be out of risk, but considering the actual situation, rashly abolishing cash silver trading, it will inevitably be strongly resisted, since the Ming Dynasty Longqing period, the Chinese began to use silver money on a large scale, and it has been a full four hundred years now, this natural inertia is not so easy to overcome, the most important thing is that to issue paper money, there must be an equal amount of gold as a reserve, and Ye Kai does not have so much gold in his hands at all, so, Minting new coins is a compromise.

Ye Kai wants to rely on this shot in the arm to revitalize the entire financial market. (To be continued.) )