Li Yi's reform plan of less than 3,500 words, Li Hongzhang read it for nearly four hours, reform is a difficult adjustment of interests, according to Li Yi's plan to touch not the interests of a group of people, but the interests of the whole group of people, under this plan, those old-fashioned landlords and squires, local tyrants and inferior gentry will undoubtedly become the first batch of damage, officials at all levels under the old system, especially Han officials, will become the second group of damage, this will be fatal to some officials, but the state is the beneficiary. Of course, the biggest beneficiaries are the people.

Although the spring in Beijing is warm and cold, Li Hongzhang feels that his bones are cold this morning, this reform is likely to let himself into the abyss, reported to the imperial court with the wisdom of Lafayette, will definitely be passed, although it involves the interests of many nobles, but compared with the negligible.

Regardless of whether he agrees or refuses, Li Hongzhang cannot deny that Li Yi is a talent, and as long as this plan can be smoothly promoted, then it can be said with certainty that the national strength of the Qing Dynasty will rise to a great level.

Li Hongzhang understood that since the plan was delivered to him, whether he handed it over or not, the imperial court would get it, and Zhang Zhidong in Guangzhou was now implementing the reform according to the plan, and he should take the initiative to report to the imperial court and advocate the reform rather than be passive.

Li Yi had to admire Li Hongzhang's professionalism, this white-haired old man really devoted himself to his work and dedicated himself to the country. Li Yi couldn't reach his height, and he didn't understand that at their height, their selfishness was negligible, and they were dedicated to the country and the stability of the Qing Dynasty.

After Li Yi returned from dinner, he saw that the newly issued coins of Guangzhou were placed on the table in the living room, and a New Army rifle, heavy machine gun, and mortar were also placed on the ground in front of him. Li Yi already understood when he saw this, reform was imperative, Li Hongzhang agreed to his plan, and he must be sure that the imperial court would pass it, otherwise he would not have talked to him about the details now.

"Lord Zhongtang, currency reform is imperative, the Great Qing Kingdom has no time to wait, if it continues to hesitate, then the economy of the Great Qing Kingdom will collapse! Since the Qing-French War, the Great Powers have changed their methods of warfare against the Qing Dynasty and have waged currency wars! The currency war they unleash will be even more dangerous, and the impact will be far greater than a local war against us! ”

Li Hongzhang, as the head of the hundred officials of the Great Qing Dynasty, of course, is more aware of the fact that the Great Qing Dynasty is now facing a shortage of currency and serious deflation, and many factories in the country that are state-owned, privately run, and jointly run by government and business are on the verge of bankruptcy.

"These new coins not only look like sterling silver, but also have a better luster, and the Queen Mother is also very satisfied with the new coins, especially the Han and Manchu characters on them, which makes the Queen Mother even more happy."

Li Yi knew that the issuance of new coins nationwide was not far away, although Li Yi tried his best to suppress his emotions, but the upturned corners of his eyes and the curvature of the corners of his mouth still revealed his excitement and happiness, "Our new currency is divided into one cent, two cents, five cents, one dime, five jiao, one yuan six, but in order to facilitate the circulation of coins and the convenience of large-scale transactions, we have also issued, ten yuan, fifty yuan, one hundred yuan, one thousand yuan banknotes, now paper money can be exchanged for silver coins at any Daqing Industrial and Commercial Bank business office in Guangzhou, and there is no limit." ”

Li Yi spent the morning explaining the plan in detail and article by article. This plan was not only an economic reform, but also a reform of the political system, which benefited the country, the people, and the monarch, but also greatly harmed the interests of officials, landlords, gentry, and the wealthy class who owned land.

The new coins will be made of aluminum-iron-nickel alloys, and they will completely replace the use of copper coins, which will be withdrawn from the history of China's feudal dynastic currency system for thousands of years, and the silver dollar of one yuan will replace the more than one billion Yingyang that circulated in the Qing Dynasty, and as many as 10 billion taels of silver. The silver dollar is a silver, aluminum, iron, nickel alloy, the silver content is only sixty percent, each ten grams, one or two silver will be exchanged for four silver coins, although the people can get some benefits, but the biggest beneficiary is the country. (A tael of silver is only more than thirty grams.) One tael of silver can actually make six silver coins, that is to say, for every tael of silver collected by the state, then two silver coins will be profitable, and the stock of 10 billion taels of silver in the Qing Dynasty will have at least 20 billion yuan.

Hearing this, Li Hongzhang's eyes flashed with essence, this monetary reform, Li Hongzhang has absolute certainty that it will be implemented quickly, what kind of character Lafayette is, he is the one who knows best, greedy for money, collecting money, and extravagance is her biggest hobby, but for decades, the Qing Dynasty has been bullied repeatedly, and the annual indemnity is overwhelmed, and the treasury is even more empty, which makes Lafayette who likes luxury extremely uncomfortable, and her idea of repairing the garden has been vetoed by the ministers several times, And now with such a solution, Lafayette will never let it go.

"I believe that this currency reform, Lafayette will definitely pass, but does the people approve of it? Is there any other country that recognizes it? Li Hongzhang said.

"Lord Zhongtang, the people are profitable, do you think they will still oppose it? The issuance of new coins in Guangzhou is very smooth, our new currency is tied to the US dollar, three yuan for one dollar, Guangzhou reserves a large number of US dollars, but the countries still like us to settle with silver coins, not only do not require the use of foreign currency transactions, but also specify that we use silver dollars to trade, now all countries are crazy to raise the price of silver, they are impossible not to accept silver dollars, because the composition of silver dollars is difficult to analyze its silver content is less than ninety percent, that is, pure silver is not too much. ”

"We use one cent, five dimes of coins not only to exchange copper coins, but also to exchange everything that is metal, for example, you can take a kitchen knife can be exchanged for new coins of equal value, but silver coins can only be exchanged for silver, and at the same time, in order to increase the supply of market money, you can use antique cultural toys in Guangzhou to exchange, so that it is impossible for the people not to accept."

Although Li Hongzhang was very happy to hear it, he also saw the hidden dangers in it, and said with some worry: "In this way, the currency is likely to depreciate and prices will skyrocket, right?" ”

"No!" Li Yi said confidently: "We have a large number of materials in reserve, there is absolute certainty to ensure the sufficiency of material supply, this year's import volume in Guangzhou has increased fivefold, the output of the Liangguang factory has increased dozens of times, with the mass production of the new factory, the supply of materials will be more sufficient." ”

"With such a large increase in imports, and countries only accept silver coins, then no matter how much silver we have, there will be no time when we will run out, right?" Li Hongzhang said.

"Yes! It's just running out! Li Yi said with certainty: "This is the most powerful counterattack we give to all countries, and the best opportunity for the Qing Dynasty to comprehensively surpass all countries!" ”

"Britain, France, Germany, Italy, Austria, and the United States have had overcapacity a few years ago, but with the increase in imports from the Qing Dynasty, there is no surplus now, and Russia, Japan, and the Ottomans are now looking at it although it is not bad, but we need to give them more strength, so that they can also enter the ranks of the economic crisis. When the imperial court began to implement the currency in an all-round way, it must declare to the outside world that the Great Qing Dynasty would reduce tariffs in an all-round way and import a large number of goods from various countries, and that it would increase by no less than 200 percent per year. ”

Li Hongzhang's eyes were shining, he seemed to have seen the earth-shaking changes in the Great Qing Kingdom, and asked eagerly: "Then what next?" ”

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