Section 427 Northern Expedition Bonds

"Extra, extra! The metropolitan governor Yang 'Chao' made a northern expedition to Shandong, and the whole province of Shandong. , the latest chapter access: Π¨Π¨Π¨.79xs.БоМ. ”

"Sell newspapers, sell newspapers! Zhongyi Boyang supervised the Northern Expedition and took Shandong. ”

From Huai'an and Yangzhou to Nanjing and Suzhou, Yang 'Chao' printed irregular newspapers under the name of Jiangnan Bao immediately spread the war situation in the north to all the big cities, and then to each other.

At the same time, the public notice boards of the ya' 'gates' in these big cities, and on both sides of the city 'gates', are all plastered with all kinds of propaganda woodblock prints.

Some of them are printed with the image of a young and heroic, but ragged soldier, and some are the pattern of thousands of troops marching, but they will add some words like this:

To buy treasury bonds is to support the Northern Expedition!

To buy government bonds is to be loyal to the country!

Buying treasury bonds is to serve the country loyally!

Yang 'Chao' took the opportunity of the Northern Expedition to launch the Northern Expedition bonds, hoping to impress the people with the Northern Expedition, a sentiment that the southern dynasty passed down from the Song Dynasty, so that the people could accept the new thing of bonds.

War is a state act that consumes materials on a large scale for a period of time, and the traditional Chinese practice is to reserve a large amount of money in peacetime, and only when the treasury is full of food and money is sufficient, can it be prepared, just like the Chinese people in later generations, they like to save money for emergencies.

Before Emperor Wu of the Han Dynasty went on the Northern Expedition, his grandfather, father, and Emperor Wenjing had stored enough food for him for three years, and the copper coins in the warehouse were full, and the ropes that wore the copper coins were rotting because of too long, so that Emperor Wu of the Han Dynasty could wage a long-term war with the Xiongnu.

But from a modern point of view, this kind of preparedness is certainly safe, but a large amount of money pressed in the warehouses of the government is obviously extremely unfavorable to economic circulation, Westerners have neither this ability nor this condition, but Westerners also need war, the scale is huge, the thirty-year war that lasted for a long time has not ended in the West at this time, how did the countries in the West where the monarchs were poor and lived on debt raise such a huge amount of funds?

Borrow money!

It is precisely because they have a well-functioning financial system that they are able to get many times more than their revenues. conAd1(); Dozens of times the military support, borrowing is tomorrow's money to use today, using the income of future generations for years or even decades as collateral, borrowing ten years of financial revenue. Only once can it be put out to support their war.

Westerners are actually forced, and if they follow the Chinese model, they may never be able to fight a decent war, after all, they don't have a unified empire for them to reserve.

But just as the poorer the place, the more people can fight. The potential of 'forced' out is often very amazing, and the reason why Jin merchants and micro-businesses are famous is related to the inability of their hometown to feed them, and they must go out, but they have opened up a piece of the sky.

Westerners had to borrow money, but they 'forced' a modern financial system.

It was by running this business that the Dutch made their fortunes, and by lending money to kings, they dominated the world.

Therefore, we must take this road, and Yang 'Chao' is willing to use Jiangnan's taxes for the next ten years as collateral. ←→←79 Novels borrowed β†˜ money from ordinary people, and of course the tax was not mortgaged to bankers, but used to pay interest to everyone who bought bonds.

"Bonds, interest paid monthly, principal repaid at maturity!"

In every money bank and pawnshop, the young men sell bonds to their customers, selling a bond with a monthly interest rate of three cents, and they can get a cent of interest as a handling fee without taking any risk.

There is money to spare, and the rich who trust the Metropolitan Governor's Mansion or are 'excited' by feelings. Buy these bonds one by one.

Probably the latter may be the majority, because they are all purchased by one or two, that is, Yang 'Chao' will be in the future, and these people will only be regarded as donating to the army.

But there are also those who don't buy it. conAd2();

In the city of Nanjing. Wanyuan No. 1 Yinhao, the old shopkeeper is promoting bonds to a middle-aged old customer wearing a Yunjin Confucian costume.

The old Confucian snorted: "Hmph, 'Jing' is loyal to the country, the court is gone, where is there any country!" ”

The shopkeeper sighed: "Master Chen, don't say anything, isn't the imperial court still there." It's just that he moved to Guangdong. ”

The old Confucian was even more angry: "Since the imperial court is still there, he Yang 'Chao' did not think of 'Jing' to serve the country loyally, and went to Guangdong to save the country, but went to the Northern Expedition." Where does this place the court? ”

The shopkeeper sighed: "Master Chen, the affairs of Governor Yang are not something that I and other small people can manage. It's better to fight to Shandong than to let the Tartars hit Nanjing. Hey, the people are suffering, the people are suffering, how many people have died this time. ”

Some of the old Confucian family also died, and even his house was burned down, and under the protection of the family, the main family escaped, but this could not avoid his dislike of Yang 'Chao', he believed that Yang 'Chao' was a 'traitor' minister and had reckless ambitions. say

"Then Master Chen, you won't buy it?"

The old shopkeeper sighed, since the last time he worked against Yang 'Chao', a financial war made Wanyuan's vitality greatly damaged, it was originally a well-deserved first silver number in Nanjing City, but now it is deserted, relying on some old customers to support the 'door' face.

Those salt merchants' money villages, pawnshops and even some small salt shops are stronger than them, because the salt merchants' industry can get the lowest exchange fees, Wanyuan can also exchange silver tickets with Jiangnan Bank, but the handling fee is three points of interest, and the salt merchants are two points, don't underestimate this interest, a big money village is thousands of silver money exchanges, this out of one is two points, one hundred taels more than the other party two taels of silver interest, who can hold it for a long time, is the money village can hold up, their own customers do not buy it, Why do you want to exchange money and interest with you more than others?

At present, the Qianzhuang industry in Nanjing is either closed, or it is attached to the salt merchants, and it is attached to the name of the salt merchants to obtain benefits, but every year it is indispensable to give those salt merchants a benefit.

It's not that Wanyuan can't afford this benefit, but he can't lose this face, he has taken root in Nanjing City for hundreds of years, and which one of the people standing behind him is not a famous person, how can he bow his head to those despisable salt merchants. conAd3();

"Buy! Why don't you buy it, I'll buy a thousand taels. ”

To the shopkeeper's surprise, the old Confucian wanted to buy it, and he bought a thousand taels of bonds in one go.

The shopkeeper hurriedly smiled and instructed the guys to prepare bonds for the old Confucian scholars, one thousand taels and they can get one cent of interest, that is, ten taels, one hundred and twenty taels a year, and it is Jiangnan Bank that pays them one year for a year, so bond trading is now the most prosperous industry in the money industry, no matter which money bank is hyping up, and Wanyuan has a deep foundation and many big customers, and this time it should be able to make a lot of money.

"Did it go well!"

Yang 'Chao' looked at the information fed back from place to place, and found that the bond sales were excellent, and they were sold out in a few days.

Yang 'Chao' did not use his own strength to sell to the outside world, but with the help of large and small money dealers, let these people be underwriters, if they sell themselves, I am afraid there will not be such a good effect, as for the money banks to make profits, this is also as it should be, how can underwriters not make money.

Nanjing had just gone through the war, and it was sold for 1 million taels, and Huai'an and Yangzhou were sold for 2 million taels, so it was quite not enough to sell.

Wu Duoyu has already put forward a request for printing, he is an old printer will naturally not know the secrets of finance, but he is still very happy to see that the paper he printed is exchanged for pieces of real money.

"Let Lao Wu seal five million taels of silver and go to Suzhou and Hangzhou to sell. Suzhou was not affected this time, it should be able to sell for three million taels, although Hangzhou was impacted, but the Qing army did not hit Hangzhou, Hangzhou people are lucky, should be interested in supporting the government. ”

Yang 'Chao' asked people to send a letter back, he didn't need too much money, but he just took the opportunity to let the people accept the concept of bonds, and if something happened in the future, he could borrow money for emergencies, and he would not be like Emperor Chongzhen who tried his best to fish and 'forced' the people to rebel.

"Lack of people!"

At the same time, Yang 'Chao' couldn't help but sigh.

The people who run Jiangnan Bank are still borrowed from Qiao Chengwang, and they really don't have a suitable one in their hands, and the most important thing is that there is no trustworthy person, in the final analysis, the Yang family is not a business family, and there is not enough business talent reserve at all.

"Well, take this letter back to Mrs. Dong!"

Yang 'Chao' thought about it and asked someone to send a letter to Dong Xiaowan, Dong Xiaowan knows how to be a housekeeper very well, but as a 'woman', she is only taking care of the back house of the Yang family now, and the men in the front house are all managed by her uncle invited by her mother.

But Dong Xiaowan's management ability is beyond doubt, accounting and financial management 'door' and 'door' are 'fine', and Yang 'Chao' also brought back a large group of thin horses who know how to settle accounts from Yangzhou, although these thin horses have been conquered by the officers under Yang 'Chao' one by one, but let Dong Xiaowan come forward, it should be able to make these people feel at ease to come out to work, and their families will definitely not be at ease if they change a male shopkeeper.

Let Dong Xiaowan take over the bond business, as for Jiangnan Bank, those are two completely different businesses from bonds, which are the idea of the central bank in Yang 'Chao's heart', and the creditor's right is a debt bill in the form of a political fΗ”, and the only thing that Jiangnan Bank may have to do with this is to buy a batch of bonds.

Yang 'Chao' is still sitting in Xuzhou at this time, Shandong has been completely in the hands, only the canal is a happy place, relying on Henan, the area north of Linqing, relying on the North Zhili, at this time is still in the hands of the Qing army, most of the remaining Shandong has been recovered by Yang 'Chao'.

However, Yang 'Chao' did not further march towards Beizhili, but only asked Zhao Kang to lead his troops to conquer Dezhou, and then marched to Cangzhou, but did not storm Cangzhou, but went north to Tianjin and came back.

Now is not the time to attack Beijing, if you don't fight Beijing, there is no point in attacking Beizhili, and sending troops to go around in Tianjin is enough to deter the Qing army.

And Linqing and Dezhou have broken out 'fierce' fighting, obviously although Jierharang wants to preserve the strength, but there is also a bottom line, Shandong can be lost, but Beizhili must not dare to lose, so strictly guard the Linqing, Texas line.

Yang 'Chao' occupied Linqing and Dezhou and paid thousands of casualties, so he 'figured' the bottom line of the Qing army and was unwilling to 'force' too tightly, so the temporary display was maintained near Shandong and Beizhili, basically distributed along the canal, the canal to the east and south, are the territory of Yang 'Chao', and to the west and north is the area of the Qing army.

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