For fundraising, the businessmen who were invited had already been mentally prepared.

Originally, the emperor would invite them to Meixianglou to drink and listen to music for no reason? Obviously, it is impossible, and it is obviously hoped that they will be able to bail out the country and donate military salaries.

As for Zhu Cihong's saying that he would not let them pay for nothing, few businessmen believed it, and it was just a scene.

Seriously, if it weren't for Jinyi Weiti riding to the door, many of them wouldn't want to come to Meixianglou at all, this kind of display is obviously a Hongmen banquet that is forced to donate, so don't participate.

But Zhu Cihong's next words were beyond their expectations.

Zhu Cihong said: "This fundraising is not a donation, but a loan!" ”

Someone sneered in a low voice, borrowing and not repaying, what is the difference between it and donation?

Zhu Cihong continued: "Where private loans require guarantors or pledges, the imperial court is afraid that it is difficult to find a convincing guarantor, so it can only be pledged with equivalent goods." ”

Hearing this, the merchants below immediately whispered.

These businessmen are all human spirits, and they reacted quickly.

I see, it turns out that the imperial court is not simply selling official land.

Instead, they had to use the land as collateral and borrow money from merchants all over the world to raise wages.

In the corridor on the second floor, the corners of Chongzhen's mouth floated with a surging smile.

Of course, you can't simply sell the land, as a traverser who knows a little bit about economics, if you can only simply sell the land, it will really be a shame for the traverser and weak.

Now there are only 4 million mu of land that can be sold in Xuzhou.

In addition to these 4 million acres of land, Henan, Shandong, Shanxi, Shaanxi, Beizhi and even Liaodong land, just think about it, no one will buy it if you really buy it.

Zhu Cihong and Zhu Cijiong, the two silly boys, worship their father, and take it for granted that the merchants all over the world will have the same confidence in Chongzhen as they do, so they will enthusiastically buy arable land in the north.

Of course, this is not the case, before the Ming Dynasty has built a military force that is enough to push back the Jiannu, these businessmen will definitely not bet easily, and they may not even be willing to buy the four million acres of land in Xuzhou.

The reason is very simple, because it is too unsafe, maybe one day Xuzhou will fall, so won't the official land they bought at a lot of money be lost?

Therefore, it is definitely not possible to sell the land simply by selling it.

Xuzhou's four million mu can be sold for one million mu, which is already burning high incense.

How much can a million acres of official land be sold for? Five taels and one mu are only five million taels! Where is this money?

Therefore, selling land is only the bottom line, the key is to issue bonds, and the issuance of bonds is the correct way to raise wages!

Originally, a court with national credit as a backing, there was no need for equivalent pledges, and credit bonds could be issued directly, and then the Jiangnan gentry with a large amount of silver lying in the cellar would enthusiastically subscribe to it.

However, the reality is cruel, since Zhu Yuanzhang created the Ming Dynasty, the national credit has been completely bankrupt.

Therefore, if we directly issue credit bonds, I am afraid that we will not be able to sell even one or two silver bonds, and we can only sell them by pledging 4 million mu of official land in Xuzhou and issuing mortgage bonds.

So Chongzhen told his son before that he was selling land, but it was not selling land.

The businessmen below discussed enthusiastically, but Zhu Cihong was not in a hurry, just watched the businessmen discuss with a smile.

It wasn't until the businessman's discussion subsided that Zhu Cihong said: "There are four types of bonds for this salary, namely one-year payment, three-year payment, five-year payment and payment after ten years. ”

"All bonds are stamped with the Emperor's Treasure Seal, and they will be paid when they mature."

"The principal and interest of a one-year debt will be 12 years after maturity, and the three-year debt will be 20 years old."

"After the five-year debt matures, the principal and interest will be 30 returns, and the principal and interest of the 10-year debt will be 60 returns!"

"Some people may be worried, you say that twelve returns a year will be twelve? You think we're going to have to believe it, huh? ”

"That's right, it's useless for anyone to guarantee these days, and it's useless to guarantee alone, so you have to use Guantian as collateral."

"This time, it will be used as collateral for the 4 million mu of official land in Xuzhou, and the Ministry of Internal Affairs will use these 4 million mu of official land as collateral to issue one-year, three-year, five-year, and ten-year bonds of 5 million taels each!"

"If the one-year bond cannot be redeemed when it matures, it will be redeemed with one million mu of official land."

"Three-year and five-year bonds cannot be redeemed after maturity, and they are also redeemed in Guantian."

"However, please note that there is no mandatory payment clause for one-year, three-year, and five-year bonds, which means that if the Ministry of Internal Affairs repays the principal and interest on time after maturity, it is not eligible to be exchanged for official land."

"Only after the maturity of the ten-year bond, the principal and interest can be forcibly exchanged for official land."

After a pause, Zhu Cihong pointed to Kang Million in the audience and said: "For example, Kang Weng bought 100,000 20-year bonds, then after the expiration of ten years, you can choose to get back the principal and interest of 600,000 taels, or you can choose to exchange the 600,000 taels of principal and interest for 120,000 mu of official land in Xuzhou, and the unit price of each mu of official land is still 5 taels." ”

Hearing this, the pot exploded under the stage all of a sudden.

The businessman, who seemed a little cold just now, also began to participate in the discussion enthusiastically.

Because the ten-year bond is converted, one acre of official land is only more than eight yuan! It's just a grab! In the face of such cheap official land, no businessman can remain indifferent.

Seeing this, the corners of Chongzhen's mouth showed a smile again.

If you simply sell land, Xuzhou's 4 million mu will be sold for 20 million taels at most, and it may not be sold out.

However, the issuance of one-year, three-year, five-year and ten-year bonds respectively only sold one million mu, and the four million mu of official land in Xuzhou have the opportunity to add four times the leverage!

20 million taels becomes 80 million!

And according to the current sales method, it will sell better.

This is only the income from the issuance of bonds themselves, the question is that the issuance of bonds is only the bonds themselves?

The biggest advantage of bond issuance is speculation, securities trading, and stamp duty!

The officials of the Ming Dynasty only knew that they were staring at the acres of land and paying taxes, and Chongzhen directly reduced the dimensionality and brought the financial industry to the Ming Dynasty!

In fact, Jiangnan at the end of the Ming Dynasty was more conducive to the development of the financial industry than Europe at that time, even if it was ten times leverage, the 750 million taels of silver deposits in the Ming Dynasty could cultivate a financial industry of 7.5 billion!

Such a large-scale financial industry, not counting the income of the banker's speculation, can make a fortune and die by collecting stamp duty.

It's just that it's not that step for the time being, the meal has to be eaten one bite at a time, and it's easy to pull the eggs if the big step is too big, so it's better to issue debts first for the time being.

……

Zhang Youyu has a lot of things to do these days, so he is a little late.

When passing through the cabinet room, he unexpectedly found that the second assistant Gao Hongtu's office was still lit, and immediately turned around Gao Hongtu's office.

"Gao Ge Lao, you haven't been on duty yet?" Zhang Youyu made a joke.

"Jinghan?" Gao Hongtu put down his pen, smiled and beckoned, "Come, sit down and talk." ”

Gao Hongtu's old servant served a fragrant tea, and Zhang Youyu thanked him and took the teacup.

"Jinghan, it's been hard these days." Gao Hongtu continued, "As soon as possible, we will make a detailed list of this year's various state expenditures, and then distribute them to all provincial capitals, prefectures and counties." ”

"Yes." Zhang Youyu asked again, "Elder Ge, have you heard?" ”

Gao Hongtu smiled and said, "You mean, the Holy Lord invited a banquet to a merchant in Meixiang Building?" ”

"That's it." Zhang Youyu shook his head and said, "This matter is really unprecedented, the dignified son of heaven actually held a banquet in the Qinglou, and the banquet was still a businessman, and the lower officials really don't know how to evaluate it." ”

"Then don't judge." Gao Hongtu waved his hand and said.

Speaking of this, Gao Hongtu sighed lightly: "Speaking of which, the saint is also a poor person." ”

From the perspective of an ordinary person, Chongzhen is indeed a poor person, his wife is dead, his daughter is dead and injured, and the injured one fell into the hands of Jiannu, and then the home in the Forbidden City was also robbed, and finally he was almost hanged in the coal mountain, which can really be said to have tasted the bitterness of the world.

So it's understandable that his temperament has changed drastically.

Those of us who are courtiers need to be considerate.

"Also, if it were a subordinate who suffered such a change from the saint, I am afraid that he would have gone crazy a long time ago." Zhang Youyu bowed his head, and then asked, "Then the lower official doesn't evaluate the saint's private virtues, but only says what he did in Meixianglou." ”

"You mean the salary?" Gao Hongtu smiled and said, "The idea of the saint is still very encouraging. ”

"But those businessmen may not buy it." Zhang Youyu said, "Businessmen value profit over righteousness, but they will not donate money for clothes, temples or social institutions, and only my generation of scholars will think of the family and the country." ”

Gao Hongtu smiled and said, "Don't worry, it's also good to let the saint run into a wall." ”

"Yes." Zhang Youyu said with a smile, "Otherwise, if the Holy Lord really thinks that our household department is a decoration, if the problem of state expenditure is really so easy to solve, what else do you want me and other officials to do?" ”

……

Mei Xiang Lou.

Some businessmen have already started to subscribe.

The first to respond was Kang Million: "His Royal Highness the Prince, my Yangzhou Kang family subscribed for one million and twenty-year bonds." ”

As soon as Kang Wanwan's words fell, Fang Wenzhen also got up and said: "My Fang family in She County subscribed for 800,000 20 years of bonds. ”

Immediately afterwards, Zhang Han also got up and said: "His Royal Highness the Prince, my Zhang family in She County also subscribed for 800,000 20 years of bonds!" ”

Hearing this, the rest of the businessmen present looked at Kang Wanwan and the three of them, and after a few seconds, some businessmen soon got up and enthusiastically subscribed for bonds.

"Your Highness, the Yangzhou Weng family subscribed for 500,000 taels, and they also had a ten-year debt!"

"His Royal Highness the Prince, Xiuning Zhan's family subscribed for 500,000 taels, ten years of debt!"

"Prince, the Xu family in Yangzhou subscribed for 400,000 taels, and they also had a ten-year debt!"

These businessmen are all human beings, and it is natural to see that the 10-year bond has the highest yield.

Seriously, these hundreds of merchants present are not short of silver, and each of them has a few hundred thousand or more millions of taels of silver buried in the cellar, and they are suffering from having no place to spend it, and now they have the opportunity to turn this silver into official land that can have fifty percent of the land rent income every year, and one acre of land is only eight yuan, so why hesitate? Hurry up and grab it!

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