Jin Feng was in Guangzhou, and after a small gathering with him, Ye Zhao set off to return to Jinling, taking the land route, and by the way inspected the people's conditions in various provinces.

The land route from Guangzhou to Nanjing, from Guangzhou to Fuzhou can take the railway, to Fuzhou, you can only take a carriage, but because the Southern Dynasty promoted the post road movement, built roads and bridges, and improved the traffic for thousands of miles, in the five-year development plan of the southern transportation, not only approved the plan to build 10,000 kilometers of railways within five years, including trunk railways and regional railways, and at the same time, in the post road plan, it is expected that within five years, the provincial capital city and the important state capital will be connected to a complete highway network.

According to the Ministry of Finance's forecast, this may result in a budget deficit of up to 30 million yuan next year, which will be filled by issuing treasury bonds.

With the intensification of the conflict between the North and the South of the United States, European investors are more interested in the southern government bonds, the introduction of the five-year transportation plan, generators and inventions, making southern China become an increasingly dynamic financial market in the eyes of European investors, although the southern debt interest rate has been lowered year by year, European investors are more interested, when the debt interest rate was as high as 7%, it has been lowered to 4.15% this year, European investors have given the southern government bonds and the entire financial market the highest credit rating, Last month, the risk premium of Southland Securities was once lower than that of British Securities, with individuals and businesses financing against government bonds, banks using government bonds as reserves to expand credit, foreign investors viewing Southland bonds as safe and beneficial investment products, and European funds flowing into Southland.

Although the traffic information remains unchanged and the signs of this are emerging in the south, Ye Zhao is very confident in the eyes of European investors, and Ye Zhao is also preparing for the official central bank to issue banknotes.

As a matter of fact, this year, the financial revenue of the southern country is expected to exceed 10,000,000 taels and reach about 150 million silver dollars, which is more than 100 million taels in terms of silver taels.

Although the expenditure is more astronomical, the financial foundation of a healthy and steady increase year after year is also a guarantee that Ye Zhao is preparing to issue paper money and that European investors are becoming more and more confident in the south.

Sitting on the train, Ye Zhao looked at the list of the Preparatory Committee of the Central Bank and the list of candidates for heads of various departments, among the candidates for department heads, the name of one person caught his attention, the foreign faction who had just returned to China, was not very old, and his name was Shen Chenglong.

Shen Chenglong, one of the first young children sent abroad by Ye Zhao in Shanghai, has just returned to China after completing his studies, but he is only about twenty years old, but now the south is eclectic in employing talents, especially financial talents, which is even more scarce, and it is not surprising that he was selected.

Putting down the letter in his hand, Ye Zhao sighed softly, the overseas expansion did not bring him much joy, but domestic political affairs, military affairs, and temple affairs, all of which were like big stones, pressing on his heart.

After taking a sip of tea, I looked sideways and saw a kimono beauty staring out of the carriage speeding past the trees and fields.

In addition to carrying steel rails, cement, cloth and other goods, Ye Zhao's train did not add other passenger carriages, only five special carriages for the regent, except for Ye Zhao's carriage, the other four carriages were hundreds of guards and Yulinwei's pro-army.

Ye Zhao's carriage was very clean, there were twenty or thirty guards sitting in the front and rear seats, and the middle rows of seats were empty, only Wei Yue Iori sat on Ye Zhao's side.

"Are you homesick?" Ye Zhao asked, thinking about the reunion with Jin Feng, Wei Yue Yiweaving stayed alone in the lotus building, in a foreign country, it must be difficult to endure.

Wei Yue Iori shook her head, retracted her gaze to look out the window, she was making a ragdoll doll in her hand, yellow satin and red satin with various colored threads plus sponges, small bells and other things, cleverly folded, needlework and sewing, and now it has begun to take shape, it is a cute beckoning cat.

Ye Zhao looked at it and smiled: "You are really ingenious." ”

The first time I heard Ye Zhaokua, Wei Yue Iori felt slightly embarrassed, and said: "What I did is ugly, I want to give it to Mr., thank you Mr. for taking me to see the Chinese terroir." ”

Ye Zhao smiled: "You are too modest, but if you want me to say, these eyes, painting with colored pens always have less charm, go back and find two black gems to inlay, then it will be perfect." ”

Iori nodded slightly.

Ye Zhao said again: "Your friend is estimated to have arrived in Jinling now, don't you know yet, the owner of the Chunjiang Pavilion has agreed with someone to set up an art museum in Jinling with Chinese businessmen, I received a telegram yesterday, the art hall has broken ground, and the tricksters have arrived, there should be your friend." "It seems that the owner of the Chunjiang Pavilion has long planned this matter with Chinese businessmen, and most of them have the idea of coming to China to make money after contacting the Wu family.

Iori Reed's beautiful face showed a little surprise and said, "Is Mr. Hanada here too?" ”

Ye Zhao said: "I don't know, I'll know when I get to Jinling." ”

Iori said, "I wish she could come to China too." ”

Obviously, although she doesn't show it, how can she not miss her hometown when she has come all the way to a foreign country?

In Fuzhou, he changed to a carriage, and the local officials were not allowed to meet him, and he marched through the state to Jinling.

I don't know which route the regent will take, let alone who he will meet or hear when he crosses, and I don't know where to prepare in advance, but I can only resign myself to fate and pray that the regent will not see something happen in his jurisdiction.

More than half a month later, the regent and his entourage entered Jinling, and then the Southern Dynasty Government Council issued the "Township Government Affairs Order", in fact, it is to further strengthen the standardization of the township-level yamen institutions, obviously the regent has seen and heard all the way, and is not satisfied with the power structure of the township-level government in the Southern Dynasty, the clan power is still strong, many township offices are useless, and the people encounter disputes, and the first thing that comes to mind is the respected old man in the clan.

Ye Zhao is not disgusted with the clan tradition, perhaps, the guidance of the law will be a supplement to social civilization, but first of all, it is necessary to follow the laws of the southern country.

In the "Township Government Order", the chief official of the township office adopts the system of geographical recusal, and it is to avoid the appointment of the county, and it is more strictly ordered that no one is allowed to set up a private court, and the violator will be severely punished.

In fact, when Ye Zhao returned to Jinling, on Qixia Mountain, the maple leaves were already red, and he saw that December was approaching.

Back in the palace, there was a lot of joy and sorrow, Rong'er had red eyes, tired of being in Ye Zhao's arms and refused to come out, this is different from when she lived in Guangzhou, Ye Zhao went far away, surrounded by strong enemies outside, she was really worried about death.

The matchmaker also returned to Jinling, the towns changed their defenses, the fourth town and the fifth town gathered in southern Jiangsu, Shenbao Tun soldiers Wuchang, and the second town of Harrich was fierce and fierce, and Han Jinchun took over the Yuezhou defense line together, which also made it much more convenient for the matchmaker to travel to Jinling, if the Shanghai-Nanjing railway was opened, it would be even more sudden.

In fact, the redeployment of the forces of the Southern Dynasties has greatly shocked the North, and now the North is gradually implementing the new army military system, the Hunan Army, the Huai Army, and the Brave Regiment are gradually integrated into the system, and a new army with a total of hundreds of thousands of people is beginning to see the scale, and the strongest force of the new army is the Wuyi Army equipped with the Russian [***] officer regiment, the commander Zuo Zongtang, the 32nd battalion of the horse infantry team, about 20,000 elites stationed in the Huai'an area, the heavy troops of the Southern Dynasties gathered in southern Jiangsu, which made the Northern State nervous for a while, after all, the ability of the Southern Dynasties to mobilize ships is extremely terrifying, Thirty or twenty thousand infantry crossed the Yangtze River with great difficulty.

The North even put pressure on the South through the British consul in advance to demand that the South Korea abide by the armistice agreement.

The southern dynasty was engaged in large-scale construction, while the northern kingdom began to devote all its strength to armaments, and the new army had just taken shape, so it did not want to resume war with the southern dynasty at this time.

The Russians began to build the Trans-Siberian Railway, of course, this is a long process, with the full support of the North, it will still be used in three or four years, five or six years, if the efficiency is slightly lower, I am afraid that it may not be opened to traffic in ten years.

The Russians even ordered steel rails from the Southern Dynasties, but with the promotion of the Five-Year Plan, the demand for rails in the Southern Dynasties will explode, even if the Taipingfu Iron and Steel Plant is put into operation next year and the Foshan Iron and Steel Plant is further expanded, I am afraid that it will only be able to maintain a self-sufficient situation, and there will be no railroad orders for it.

In any case, the unification of the whole country before the Russians open up the roads, or even before some of the routes are opened, will be able to obtain the maximum benefits at the minimum cost, and if the Russians continue to transport energy to the Far East, the situation will become extremely serious.

The northern country is fully armed, it is also a headache, a one-year truce, it seems that not only the south has a good opportunity for development, the south from political affairs to the industrial and commercial system has been slowly sorted out in an orderly manner, the north is taking the opportunity to arm its fangs, the military advantage of the south is actually being weakened, of course, with the expansion of absolute strength, the north is no longer on the same level as the south, this war, without the direct participation of external forces, Ye Zhao is convinced that the south will achieve the final victory, but the war, but it will become extremely fierce.

If you want to repeat the drama of 1,800 infantry troops defeating tens of thousands of soldiers in the north, I am afraid that it is impossible, and even if the strategic decision is wrong, it is not impossible to counterattack the north country that is armed to the teeth, and it is not impossible to hit the south of the Yangtze River.

This year, Ye Zhao can be said to have done a lot of things, which played a role in laying the foundation for the sustainable development of the Southern Dynasty, but in the end, he found it even more difficult.

The political situation in the South Korea gradually appeared inevitable factional struggles for power, and they and the imperial family became inseparable, and new interest groups gradually formed and grew, although they took a step on thin ice to the outside world, but it is bound to arouse the vigilance of Britain and France, and when they deal with you carefully, in fact, if they want to win more benefits in diplomacy, they will pay a greater price.

I really feel like I can't breathe.

How to break the game? Ye Zhao has been thinking about this problem all the time, and he has to find that war is the best weapon to divert all contradictions, and it is indeed a golden rule.

It's just that now that war has been declared on the north, not to mention the reaction of Britain, France and other countries, even within the south, the dissenting forces must be extremely large, let's just say that in the government council, I am afraid that there will be opposition from the ministers of parliament, and some local officials in the south will inevitably be happy with this kind of stable and leisurely life, and the merchants are even more reluctant to destroy the trade routes they have worked so hard to build, because this unequal trade has obviously earned them a lot of profits.

At the banquet, looking at the matchmaker, Ye Zhao was thoughtful.

"What's the bad idea you're thinking about?" After the banquet, in Chengxin Garden, the matchmaker asked Ye Zhao with a smile.

Chengxin Garden is Ye Zhao's dormitory, which is extremely splendid and luxurious, but Ye Zhao rarely rests here.

Now, Ye Zhao is holding Rong'er, although she can no longer hold her like a child, but holding her in her arms, Rong'er is extremely lightweight, blushing, not daring to look at Ye Zhao, let alone looking at the matchmaker, the beautiful little flag shoes reveal a touch of goose yellow in the flower socks, which is extremely cute.

For Ye Zhao's style, the matchmaker can't help it, in fact, the matchmaker really likes Rong'er, at first thought that the Manchurian woman who Ye Zhao was married to must be extremely hateful, who knew that it was such a beautiful and cute little girl, twelve points of love, she wanted to take Rong'er around affectionately.

Outside, Sava and Hua Ji led the kimono beauty around Chengxin Garden, as Ye Zhao's "promise", Weiyue Iori will live in Chengxin Garden in the future.

Rong'er noticed that she was carried into the bedroom, her little face turned even redder, Xianggong could do anything ridiculous, and went to Hua Ji Shawa's room, which was often a dragon and a phoenix, as if Xianggong also liked it, and then secretly glanced at Sister Hongniang from the corner of her eye to follow behind, Rong'er was very flustered when she thought carefully, if it was Xianggong, Xianggong ...... Ye Zhao had already smiled and put her small body on the dragon and phoenix bed, pinched her little face, and said, "Do you have a fever?" ”

Rong'er was sweating a little, only to feel that her body was soft and lacklustre, and she didn't have any strength, so she wanted to lie down and sleep well.

Ye Zhao had already grabbed the pillow and said, "Sleep, I've been crying for a long time just now, are you tired?" Help Rong'er untie her shoes, take off her small flag shoes, hold her knees and lay her small body flat on the bed, pull over the soft blanket and gently cover her.

Rong'er's little face was full of satisfaction, and she slowly closed her eyes.

Looking at Rong'er, Ye Zhao smiled slightly, turned around and beckoned to the matchmaker, the matchmaker didn't squeak, but also came over and sat side by side with Ye Zhao at the head of the bed, a crimson tweed military uniform windbreaker, a belt around the waist, and small red leather boots, extremely beautiful and beautiful.

"Are you preparing for war with the North?" The matchmaker asked.

Ye Zhao patted the matchmaker's tender little hand and sighed softly.

The matchmaker said: "You are becoming more and more unhappy." ”

Ye Zhao smiled bitterly, indeed, the heavier the authority, the less time there is actually being really happy, and the well-being of hundreds of millions of people is pressed on one shoulder, when can it really be relaxed?

"I sometimes think, I really miss the time when I first met you, fighting cocks and walking dogs, doing whatever you want." Ye Zhao said, gently grabbing the matchmaker's delicate little hand, and suddenly said, "Hey, why don't you have calluses?" ”

The matchmaker really wanted to give him a chestnut, but after all, he was a father-in-law, and the man was bigger than the sky, not to mention that he was still the regent of the Southern Dynasty.

"It's not difficult to start a war with the northern country, it will fall on Miao Peilin." The matchmaker smiled diligently.

Miao Peilin, sitting on more than 100,000 Miao troops to occupy northern Anhui, in the past two years, he has wantonly looted people's wealth to buy armaments, it can be said that the soldiers are strong and strong, and he has accepted the canonization of the Southern Dynasty, but he has not been able to ask for money and guns, and then he fell to the north and was appointed as the governor of Anhui, but his armed forces are real private armies.

Miao Peilin's rule of the Reading Kingdom, is a place where the people are bored and mournful, someone wrote a "drum word", saying: "Hefei County Beisu, Lingxi, Shou, Feng, Ding, Huai do not have to be titled, Lu'an, Huoqiu junction, Meng, Bo, Fu all the way, there are strong gangsters. In peacetime, he killed people during the day and called him a good man, but now he is a big stilt who burns and makes a living, and he extorts people for ransom and small business, and Huaqiao robs the wife who asks whom? …… It is not enough to say that the desolate scorched earth extends to the three provinces, and it is not strange to dig up the soil and dig graves. inquired about the victory of the officers and soldiers, feigned surrender, and led a regiment to practice the flag. ”

Now that the six kings are reorganizing the new army, they have no time to take care of him, so as not to provoke the Miao army to mutiny and give the Southern Dynasty an opportunity.

"Do you have a way to make Miao Peilin provoke?" Ye Zhao didn't think about taking advantage of the gap in northern Anhui to enter Jiangbei.

The matchmaker said: "Take your time, you can always think of a way." ”

Ye Zhao nodded slightly, knowing that the matchmaker must be in her chest, and said, "It's not in a hurry, I have to take another look." He added: "The Parliamentary Office, I still want them to discuss." ”

sighed again and said: "I don't know how many loyal souls will be added to the Loyal Monument......"

The matchmaker squeezed Ye Zhao's hand and didn't speak.

…… Zhu Sisi was recommended to serve as the chief Chinese inspector of the Shanghai Patrol Bureau and the Processing Department, and has gone to Shanghai to take up her post.

The Shanghai patrol force was led by southern officials, and the Chinese patrols in the concession were also controlled by the Shanghai Patrol Bureau, which was officially established a month ago, and Zhu Sisi was recommended as the first director of the Patrol Bureau.

Of course, because of the ambiguity of Shanghai's status, the Patrol Bureau is also responsible for handling concession disputes, and the candidate for the director of the Patrol Bureau also needs to be approved by the officials of the Northern Kingdom and the British and French Concession Bureaus.

The Southern Dynasty Patrol Headquarters recommended Zhu Sisi because she was not only strongly recommended by her boss and had always performed well, but she was also an extremely outstanding female official in the Southern Dynasty Patrol and Arrest System.

The result is not surprising, the Ministry of Industry Bureau of the Concession quickly agreed to the candidate of the Chinese chief inspector, and although the officials of the northern country thought that the female patrol was too unreasonable, they did not raise any objections when they saw that the Ministry of Industry Bureau approved it.

It's just that the patrol headquarters of the Government Affairs Yuan is businesslike, and he doesn't know Zhu Sisi's other identity, which inevitably makes Ye Zhao helpless.

In the east side of the council hall, Ye Zhao sat on the throne of Ming and Huang, and the six ministers of the council sat in a circle.

Now the discussion is the "Township Government Order", listening to several ministers express their opinions, Ye Zhao did not speak much, every time the bill is discussed and implemented, Ye Zhao will feel constrained, can not completely regard the Qing Dynasty law as nothing, can not establish a constitution as a fundamental **, the promotion of various systems and regulations seems extremely chaotic, but even if it is to promote the birth of an improved constitution, now he is really powerless, because the royal family and the royal family, all kinds of power competition, some fundamental surname problems are not solved, there is no way to determine the law of the country.

The second issue is the "Monetary Decree" and the draft of the establishment of a central bank, and Nanguo intends to find a suitable time next year to issue 10 million silver dollar banknotes, which will be on the silver standard and linked to silver, with cents, jiao, and cents, and one yuan of silver is equal to ten yuan of banknotes, and similarly, one dime of silver is equal to ten yuan of banknotes, and one cent of silver is equal to ten points of banknotes.

The first issuance of only 10 million silver dollars, that is, 100 million banknotes, was naturally an extremely cautious approach.

However, on the issue of the establishment of the central bank and the issuance of banknotes, there was a sharp opposition between the opinions of several deliberators, and Li Xiaocun believed that the issuance of banknotes should be done by the British, issued by private banks, and used treasury bonds as reserves for the issuance of banknotes.

Li Xiaocun believes that this model is more advanced, and the forced issuance of currency by the political axe is entirely based on the credit of the political axe to forcibly occupy the initial right to use the newly issued currency, which can easily lead to the situation of uncontrolled printing of paper money, which will cause the collapse of the national economy, especially for future generations.

Each time a private bank issues money, it has to pledge the same value of taxes to the bank in the form of treasury bonds, and the bank only charges interest, so that the amount of money issued is transparent and easier to control, and the amount of money issued is constrained in many ways.

Treasury collateral currency, as a credit currency rather than compulsory paper money, is also easier to circulate in the international arena because it is transparent in the amount of money issued, which gives more confidence to holders than state-mandated paper money.

Li Xiaocun even said that the bank that issues banknotes should be the most powerful bank in the south, Guangfu Yin.

Li Jianchen, Li Hongzhang and others did not speak, and everyone knew that the largest shareholder of Guangfu Silver was the regent.

Yuan Jiasan expressed strong opposition, private banks issue coins, what are you kidding?

In fact, nowadays paper money can be exchanged for gold and silver, and it is nothing to say that private banks issue them, because they can be exchanged for precious metals directly from the issuing bank, which is not much different from silver bills.

But in Yuan Jiasan's view, it is naturally a big mistake in the world, and the private issuance of banknotes that can be used to buy goods, where is the imperial court?

Although he clearly knew that the major shareholder of Guangfu Silver was the regent, he also objected in fierce words, and even reprimanded Li Xiaocun: "Honest and untrue! ”

In fact, with the current economic system, the issuance of paper money by private banks is obviously more creditable, and it will also be a healthy promotion of economic development, for example, private banks issue 10 million banknotes and provide them to the political axe, and the political axe mortgages 10 million treasury bonds to the bank, and the person who gets the currency is actually equivalent to holding a bank bill similar to a silver bill, which can be exchanged for silver taels to the bank.

But this is only an ideal situation, in fact, as people get used to paper money, most of its printing power will gradually be controlled by bankers, and when the gold and silver standard collapses, the disadvantages will become more and more obvious.

There are also various drawbacks to the issuance of currency by the political axe, but as long as it is properly regulated, it will be more efficient and will not be tied to the chariot by financial giants.

"We still want to set up a central bank!" Ye Zhao waved his hand and ended this argument.

Li Xiaocun's lips moved, but in the end he didn't speak, and his hand touching the handle of the teacup trembled slightly, obviously choking on Yuan Jiasan's anger, and he was a little unconvinced.

Li Jianchen didn't squeak, Li Hongzhang's eyes showed a few glimmers of light, and Zhou Jingshan patted Li Xiaocun's hand, meaning to tell him not to mind.

Ye Zhao knew that Li Xiaocun had painstakingly studied the Western political and economic system over the years, and he felt that Yuan Jiasan was ignorant, but he was on Yuan Jiasan's side, which made him even more puzzled.

Picking up the teacup, Ye Zhao said: "What do you think of the situation in the northern country?" ”

(To be continued)