Chapter 379: Gold and Paper Money

Off the coast of Tianjin, several naval warships are slowly sailing towards the port with a freighter, including the largest tonnage of the Chinese Navy's 'Haiqi ship', which can be imagined how important this freighter is.

"It's finally here..."Standing on the dock, looking at the slowly approaching boat, Liang Shiyi took out a handkerchief and wiped the sweat on his forehead. Although he had long known that there would be no problems with Lu Dao, he was still worried in his heart.

There are many officials of the Ministry of Finance who feel the same way with him, this time for this ship, the Ministry of Finance does not dare to say that it is a collective mobilization, but in fact, it is almost the same, after all, even he, the minister, has come, isn't it?

In fact, Yan Shao and Li Liang still recognized Liang Shiyi's ability as the five-way god of wealth, and Yan Shao did not have a suitable candidate in his hands, so the position of the Minister of Finance was given to Liang Shiyi.

And this time for Liang Shiyi, it can be said that it is the biggest thing after he became the Minister of Finance.

Just when Liang Shiyi kept wiping his sweat with a handkerchief, Liu Guanxiong was also commanding his subordinates on the Haiqi ship.

Counting the temporary cabinets of Sun Baoqi and Duan Qirui in history, Liu Guanxiong once served as ten naval chiefs, also known as the chief of the navy, so you can imagine how much this person is highly used.

It's just that in this era, Sa Zhenbing was invited out by Yan Shao again, and his old man's qualifications are far higher than Liu Guanxiong, and his prestige is much stronger than him, so Liu Guanxiong can only live under him...

(By the way, Sa Zhenbing was born in 1859, but he didn't die until 1952 in history, so even in later generations can be called a long life...) οΌ‰

After several ships docked at the pier. Some of the soldiers who rushed over this time immediately surrounded them, and almost all of them looked like they were facing a great enemy.

Not long after, Liu Guanxiong stepped off the ship. He said with a smile. "Minister Liang, I finally delivered something to you..."

"Thank you so much General Liu, to be honest, I've been worried about this thing for a long time..."

"It's not just you," Liu Guanxiong smiled bitterly. To be honest, I'm a little scared of this thing, even if something happens. Am I not going to be slashed by a thousand swords? ”

While the two were talking, a group of naval soldiers was escorting many boxes off the ship on top of the passenger ship. Below, there are army soldiers several times the size of the navy who are also staring at those boxes.

Thousands of pairs of eyes were staring at the ship, and you could imagine how stressed the workers who were carrying the boxes. Fortunately, there were no accidents during the handling. Otherwise, I'm afraid it will be a big trouble.

It took about half an hour to move more than a dozen boxes off the ship.

Looking at these boxes, Liang Shiyi's expression looked a little excited, and even Liu Guanxiong couldn't help but purse his lips when he looked at them.

After half a ring, Liang Shiyi took the lead in taking two steps forward to open the lock of the box.

Suddenly, a golden light dazzled everyone's eyesβ€”β€”β€”β€”β€”β€” it is probably an exaggeration to say this, but those who looked at the box did have golden eyes in their eyes, even Liu Guanxiong and others. Some of them swallowed their saliva in an exaggerated way, and then clenched the guns in their hands as if they were facing a great enemy. Glance outside.

These more than 10 boxes contained gold that the Ministry of Finance had just purchased from overseas, all of which added up to three tons, which the Ministry of Finance used to issue currency.

At this time, the government adopted the gold and silver double standard, or the lame standard, that is, the system in which both gold and silver could be used, and there was not much opinion at home and abroad. But since it is a lame standard, then gold is always there.

At present, the banknotes issued by the Bank of China can be exchanged for gold according to the public announcement, which makes the banknotes very strong, but also has its drawbacks, that is, in the event of a run, if there is no gold as a means of payment, you can imagine what the final result will be. So after Yan Shao's 100 million pounds loan was received, the first thing Liang Shiyi did was to take out $30 million from it, and then buy a large amount of gold from abroad and come back...

If a large number of paper money is issued in later generations, it will lead to the depreciation of paper money, and later those paper money in the Republic of China that are not even as good as waste paper is like thisβ€”β€”β€”β€”β€”β€” but later, many countries deliberately issue more paper money, not only to improve finances, but also to facilitate their own exports, it is really ......... Feng Shui takes turns...

However, at that time, it was a credit currency, and at this time, it was necessary to use precious metals such as gold as margin. As long as your currency can be exchanged for the same amount of gold, it will naturally have the value of gold, otherwise, it is not as good as waste paper...

Generally speaking, if there is a gold worth one yuan in hand, the state can issue five yuan banknotesβ€”β€”β€”β€”β€”β€” of course, you can also issue ten yuan, as long as you can afford the cost of the accident, in fact, one to five itself is already more dangerous, but it is impossible for everyone to run with banknotes to cash gold, and if you want to cash gold, there are certain requirements, so the Ministry of Finance will use this method...

One-to-five, which means that if you have gold worth one dollar, you can issue a five-dollar note. So if you have 10 yuan, you can issue 50 yuan, if you have 10 million, it is equivalent to 50 million, if you have 30 million, you can issue 150 million...

At present, the pressure on the Ministry of Finance is very great, and it needs 100 million yuan per year just to add interest to the principal of Yushi Bank. At this time, even if the national government reformed the tax payment system and also took back the local authority, the fiscal revenue in the first year would recover to 300 million yuan at most, and it would probably take at least a year to restore it to the level of 1911, which also forced Liang Shiyi to think of more ways to increase the government's revenue...

Buying gold to issue currency is one of them, and in a way it is one of the best ways to do it......... At this stage...

150 million US dollars, according to the exchange rate at this time, is almost equivalent to 400 million silver dollars, if you have such a sum of money in hand. The Ministry of Finance will be able to live a much more comfortable life.

Incidentally, these 30 tonnes of gold are just the first batch, and there is a lot more to come. After all, it is impossible for a country to have thirty tons of gold reserves. Just like Tsarist Russia in history, after the collapse of Russia, General Kolchak did not flee with 500 tons of goldβ€”β€”β€”β€”β€”β€” but at last he seemed to be dragged down by this gold.

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"Anyway, I can finally breathe a sigh of relief..."After signaling the people who came with him to load the gold horse into the car, Liang Shiyi said to Liu Guanxiong with a sigh of relief.

Some eyes looked at the gold greedily, and Liu Guanxiong saluted Liang Shiyi and said. "Now that the mission is over, then Liu will leave..."

"Hmm. This trip is really hard for General Liu..."

After returning to Beijing with the gold, Liang Shiyi immediately deposited it in the vault of the Bank of China's headquarters. At the same time, after learning the news that the gold had arrived. Banks immediately began printing banknotes...

Printing money is much more efficient than minting silver coins, but in just over 10 days, 400 million banknotes have been printed and then circulated into the market through the hands of soldiers and government officials...

Nature...

If it just circulates like this, the efficiency is too low. So it didn't take long for the banks to think of another way. That is to reach an agreement with Rainstone Bank.

Isn't Rain Stone Bank lending money to the outside world now? The amount is still 300 million. Therefore, the bank made an agreement with Yushi Bank, that is, the Bank of China will deposit 300 million yuan of banknotes into Yushi Bank, and Yushi Bank will circulate it through loans...

And what about Rain Stone? It was to deposit 30 million pounds into the Bank of China.

If you look at it this way, it seems that Yushi Bank has suffered a big loss, after all, the paper money has just been issued, the market credit has not yet been established, and the pound sterling is the most circulating currency in the world. However, in terms of the agreement, Bank of China is also willing to pay a 2.5% rollover fee. That is, it looks like almost 7.5 million, plus Yan Shao interferes from it. So after the last day, Rainstone Bank nodded in agreement.

But there is also a problem here, Anhui and other places are good to say, after all, there is the original foundation there, so the local people are quite acceptable, but in the north...

After all, it's the first time, whether you can accept it or not, I'm afraid it will take some time...

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In a branch of a Chinese bank in Hebei, looking at the wad of banknotes in his hand, Lu Hansheng felt as if he had not figured out something.

"This ......... What is it? ”

Shaking the banknote in his hand, Lu Hansheng asked the bank clerk behind the counter.

"Money," replied the clerk, looking a little helpless. This is the country's latest currency, the 'Chinese dollar', which is worth the same as the silver dollar..."

To be honest, he has seen too many people like Lu Hansheng these days, so he is a little weak to explain. But there was no way, who called the work like this, so he could only continue to explain.

"But..."Hearing that it was a new currency issued by the state, Lu Hansheng opened his mouth, not knowing what to say, and only hesitated after half a sound. I took this money to build a foreign ash factory with a loan, and the equipment was bought from foreign foreign companies, if foreigners were ......... Can you recognize this? ”

Since a long time ago, Lu Hansheng began to consider the issue of running an industry, which can make money on the one hand, and can also help the country develop industry, which is generally a lot of benefits. It's just that because of the funds, coupled with the relationship that the family does not agree with, it was just an idea until a few days ago.

Later, Yushi Bank announced a loan of 300 million yuan to the private development industry, which was an opportunity for Lu Hansheng, because the loan requirements were not very high, and the price to be paid was the same.

In addition, the Lu family also has some connections in the local area, and I heard that the city government is planning to build a new ash road, and the amount of ash needed is afraid that it will be very large.

So after trying his best to persuade his parents at home, Lu Hansheng went to the bank to take out a loan.

It is very easy to apply, after all, the Lu family has an innocent family background in the local area, has no bad deeds, and has a certain influence and strength, which fully meets the requirements of bank loans, so it didn't take long for Lu Hansheng's expression to pass.

But just when Lu Hansheng ran over to get the loan in high spirits. He never thought that the bank would give him a pile of paper...

Seeing that Lu Hansheng still seemed to have some doubts (how could he not), the staff sighed and continued. "Don't worry, it's all gold-linked. As long as you need it, you can take these banknotes to the branch in the provincial capital to exchange them for gold..."

"Can it be exchanged for gold?"

Hearing the staff say this, Lu Hansheng, who was still depressed, thinking that he would definitely be scolded to death by his parents when he went home this time, rolled his eyes.

"Of course, there are just some requirements, after all, gold is not so easy to divide, so according to the requirements of the Bank of China. The cash must be more than $10,000 at the time of exchange..."

"10,000 yuan..."Hearing the staff say this, Lu Hansheng secretly spoke.

At this time, the average daily wage of workers in Hebei was only about 8 cents, which was two yuan four or five yuan a month. It's about 30 yuan a year. 10,000 yuan, which is equivalent to a worker's salary for more than 300 years, is by no means something that ordinary people can take.

Although the Lu family is also a big family, it will be very difficult to come up with such a sum of money.

"yes," the clerk said. Otherwise, it can be exchanged at will. Wouldn't that be a mess? Okay, you get out of here, there's still someone waiting for you, and if those foreign companies don't take this money, you'll just come back..."

Hearing what the staff said, Lu Hansheng finally had some confidence.

After nodding at him, Lu Hansheng walked out of the Rainstone Bank with the stack of banknotes.

But instead of going straight home, he went to the Bank of China to find out if it was true. Otherwise, the possibility of going home like this and being scolded by my father is as high as 100%.

Thankfully, he got confirmation from the bank soon after he went to the bank. This more or less put him at ease.

It's just that...

Even if what the bank said was true, if the people in the foreign bank did not recognize the banknotes issued by the state, there was still no way, so Lu Hansheng was still a little hesitant in his heart.

Like him, people all over the country who apply for loans to run industries have some doubts in their hearts after getting the money, after all, paper money is still a relatively new thing in China at this timeβ€”β€”β€”β€”β€”β€” not to say that it has not been issued before, but most of those banknotes have a certain private nature, and the rest...

We all know very well what kind of things are like them, and these also affect the credibility of the government's currency. If it weren't for the fact that the government didn't issue them indiscriminately and declared that they could be exchanged for gold, I'm afraid not many people would be willing to pay attention to these banknotes at all...

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Although they were a little hesitant in their hearts, Lu Hansheng and the others still went to various foreign banks to confirm and see if these banknotes could be used. If you can't do it, get the bills back as quickly as possible, even if it's worth the extra money.

The final result relieved them, because the foreign banks also recognized these banknotes.

This is not surprising, because according to the external propaganda of the Guoshe government, these banknotes can be exchanged for gold, and they are indeed gold standard banknotes, and they are also very well-madeβ€”β€”β€”β€”β€”β€” with Yan Shao's head on the front and the mountains and rivers of the motherland on the back.

Considering that in the past, the reputation of paper money such as military stamps in China was really stinky, so Yan Shaocai deliberately asked the Ministry of Finance to make the banknotes more sophisticated, if they were all shoddy, I am afraid that the people will not have much confidence in this kind of banknotes.

On the other hand, 30 tons of gold, even in the international market, is quite a good deal, and foreign banks in various countries are also aware of this news, which is also one reason why they will be willing to recognize 'Huayuan'.

So when Lu Hansheng and others came to the door with a pile of 'Huayuan', they were basically cordially received by foreign banks from all over the worldβ€”β€”β€”β€”β€”β€” for them Chinese they were their God of Wealth...

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Since it was used as a loan, more than 100 million of the 300 million banknotes issued were quickly used, and together with a portion of the salary, almost 200 million yuan of banknotes soon flowed into the market.

On the other hand, the recognition of countries also strengthens the creditworthiness of the currency...

β€œβ€¦β€¦β€¦ Now the common people have begun to trust the 'Hua Yuan', and I believe that in a few years, the government will be able to completely abolish the silver coin..."

Standing next to Yan Shao like this, Liang Shiyi recounted the current situation.

The silver standard is outdated, even with the lame standard. The reason why the government is still using the limp standard is simply because if it were to switch directly from the silver standard to the gold standard, the impact on the whole country would be too great.

National events are urgent, and they must be done step by step...

As far as the national government is concerned, as long as the people have recognized 'Huayuan', the next step can be completed from the lame standard to the gold standard.

"Hmmβ€”" eyes rolled slightly. What are the current government gold reserves? ”

"Before and after, counting the Anhui period, there are about sixty tons..."

"Sixty tons ........." Yan Shao groaned for a moment, and turned back to Liang Shi. Remember, if you have as much gold, you can buy as much as you want, after all, we are such a big country, and dozens of tons are not enough at all..."

"I understand this, now the Minister of Foreign Affairs in London is continuing to buy from there, and has already purchased almost thirteen tons, and when the quantity is enough fifty tons, it will be loaded back on ships..."

"Well, I'll leave this to you..."

Thinking so, Yan Shao was thinking about Buzi Gao in Brazil...

"I don't know if it can go well?" (To be continued......)