Due to the material, whether it is a gold coin or a silver coin, it is necessary to add some alloys, the ratio is about 1:9, and there will not be too much difference between the top and bottom, which is within a reasonable range.

A piece of silver coin is composed of silver nine bronze one, and the amount of silver coins minted is full, which is naturally a real good silver coin, and it will still have a high circulation value after years of tempering.

If you are afraid, you are afraid that the eyes of the rats will be short, and a silver coin will be mixed with copper and lead, and the natural value will be greatly reduced.

The general public is not stupid, and there is naturally a fair scale in their hearts.

It's a pity

Nowadays, the majority of the governments of the world are greedy for profit, and there are not many people who sincerely mint good money, bad money is popular, there are very few copper coins and silver coins that are full of weight, and there are even a lot of iron coins in the market, which are purely fooling people.

This is the case in Central and South America, and the same is true in East Asia.

From here, Richard saw a huge business opportunity to vigorously promote the Tang Yuan coin.

The world-class Morench Copper Mine gave Richard enough confidence that he immediately decided to throw off his arms and mint a large number of high-quality copper coins, which is the first priority of the current Financial Commissioner's Office.

Wouldn't it be tantamount to huge profits to mint copper coins from high-quality brass produced in their own mines, and to ship them to the Qing Kingdom to obtain tea, porcelain and other sought-after materials, to Fuso, to the East Indies to obtain spices, coffee, rubber, cocoa, aluminum ingots and other specialties, and to Mexico to obtain silver?

these months

Sequoia Tree Bank continued to recover all kinds of dollars, pounds and francs and pesos in the market, and gradually determined the only circulation status of "Tang Yuan" in China.

In the future, when the time is right, the government of the Tang Kingdom will officially announce the abolition of other currency circulation, and order domestic merchants and factory owners to exchange a certain percentage of old currency for new currency within a time limit.

This is still somewhat difficult to implement at present, mainly because the Tang Kingdom is facing the threat of a large-scale invasion by the United States, and some businessmen and factory owners in the private sector lack sufficient confidence in the Tang Kingdom and are unwilling to take the risk of exchanging all new currency.

In the face of such a thorny problem, on the one hand, it is necessary to strengthen the publicity of the currency exchange policy, and on the other hand, it is necessary to take effective measures to set a deadline for exchanging old currency for new currency.

Overdue users, for the crime of disrupting the financial market, the police department came forward to arrest some, shut up some, kill some and deterre, then everything is OK.

In addition to the problems in the issuance of currency, Richard also focused on the transoceanic exchange business promoted by Sequoia Tree Bank.

Due to the relative blockage of transoceanic information and the geographical distance, Sequoia Bank launched a transoceanic exchange business with higher fees, but customers still flock to it.

This is the only way for successful Chinese groups in North America to send money to their relatives in mainland China.

As of now;

Sequoia Bank has set up a total of 10 branches in East Asia, including Jinmen, Weihai, Huhai, Fuzhou, Guangzhou, Hong Kong, Saigon, Singapore, Jakarta, etc., and will soon open its 11th Asian branch in Nagasaki, Fuso Province.

With the deepening of Sequoia Bank's influence in East Asia, the legend of the gold rush of getting rich overnight in North America has also spread, attracting more and more Chinese immigrants to take the initiative to participate, forming a wave after wave of immigration.

In order to meet the increasingly hot demand for migrant ships on the North Pacific route, the two shipyards of Chang'an and Los Angeles of the Tang Kingdom have ambitiously begun to challenge the construction of 3,000-ton transoceanic migrant ships after testing the water and building several 1,200-ton to 1,500-ton iron steamers, and have achieved certain results.

Everyone is optimistic about this North Pacific route, which is full of hope and money, and the northern route from Weihai to Seattle via Midway and Oahu is now gradually becoming a golden shipping route that is not inferior to the Atlantic route.

I have to admire the vision and business courage of overseas Chinese.

More than a dozen 1,200-ton steamships built by Chang'an Shipyard and Los Angeles Shipyard were basically bought by Chinese businessmen and immediately put into Central and South America Chile-Los Angeles, Cuba-Los Angeles, and Uruguay-Los Angeles routes.

When traveling to South America, the cargo hold was full of whiskey, steel products, locally produced food, copper coins, clothing and other supplies, and when they returned, they were full of guano and Chinese immigrants.

Many people have set their sights on the more lucrative golden transpacific northern route, and the newly established Chinese steamship shipping companies have sprung up one after another, ordering 3,000-ton migrant ships from Chang'an Shipyard and Los Angeles Shipyard, and are gearing up to do a big job.

Richard was fully encouraged by the enthusiasm of the Chinese businessmen, and Sequoia Bank provided some loans according to the size and qualifications of the shipping company, and the port terminal would also provide some convenience.

The crowd gathered firewood and the flame was high.

In the new wave of Chinese cross-ocean immigration, the Pacific Steamship Company, which belongs to the royal family, is the mainstay of the leader. The private shipping company is a useful supplement, which will help the North Pacific golden route to be more hot and develop rapidly.

After discussing a few important issues, feeling the increasing momentum of immigration work, Richard's mood also became happy, and his white fingers gently tapped the coffee table, and after thinking about it, he said;

"Mr. Allen, I mean is it possible to open a mortgage business for Chinese immigrants to further encourage cash-strapped Chinese to immigrate to North America?"

"Immigration Mortgage Business...... What does Your Majesty mean? "Alan Maupassant had a guess in his mind, but he was still not sure.

It is that Chinese immigrants sign mortgage agreements ranging from 3~5 years to exchange for tickets to North America, which is mainly voluntary for both parties. Prior to this, government subsidies were the mainstay, and it is hoped that in the future, the migration flow can be regulated by economic means through the power of the private sector, which is the long-term strategy. ”

"That's right...... In this case, the bank may bear some additional risks, such as the death of the mortgagor during the sea, escape from the surveillance after entering the kingdom, degenerate and repay debts, etc., which is a high-risk and high-interest business! Alan Maupassant's expression was visibly hesitant.

"We need to keep interest rates as low as possible and keep them within the limits that immigrants can afford, say no more than 10 percent. Otherwise, this good policy to encourage immigration will become a heavy burden for the squeezing of Chinese immigrants, which has to be considered. ”

"Your Majesty, as the specific operator of Sequoia Tree Bank, I have to consider the interests of the bank itself and most of the shareholders, the bank can carry out immigration mortgage business, but for risk considerations, the interest rate may be difficult to fall below 13%."

"13% is also high." Richard shook his head, took a sip of the tea, then put down the teacup in his hand, and said with a solemn look in his eyes;

"You can't treat all Chinese immigrants as gold diggers who get rich overnight, most of them are under a lot of pressure with immigration loans, and they can only work in factories or engage in some crafts to save this money from between their teeth, so the interest rate can't be too high, and the upper limit is 10%."

"Your Majesty...... If this were the case, Sequoia Bank would be at great risk. ”

"Well, the banks can work with Pacific Shipping Company in the early stage, and they can provide more secure immigration conditions and try to keep the death rate down by sea." Richard said as he thought about it;

"As the backbone transportation enterprise of the North Pacific route, the migration ship of Pacific Shipping Company has a large tonnage and a better riding environment, and the relative migrant mortality rate will not exceed 10%.

Next

The Kingdom will do its best to reduce the mortality rate of transoceanic transport in two ways.

On the one hand, we should strengthen screening and selection, try to avoid Chinese immigrants who are weak, highly emotional, opium smokers and infected with diseases from boarding ships, and strengthen recuperation through various methods to reduce mortality.

Second, improving the nutritional conditions of living and shipboarding, strengthening sanitary measures, and reducing the mortality rate of migrants in transoceanic transport to less than 5 or even 3 percent, which is a hard target.

After these Chinese immigrants who have signed mortgage contracts arrive in North America, the government will take measures to limit their aimless movement and reduce the risk and rate of bad debts in the form of special residence permits.

In addition, the government will use judicial forces such as police stations and courts to safeguard the rights and interests of bank debts, and focus on cracking down on some rogue Chinese immigrants to set an example.

And so it goes

Putting it all in the way should be able to significantly reduce the risk of bad debts on the part of banks, does Mr. Allen think so? ”

"Your Majesty, if these policies can be put in place, the bank is confident that the interest rate on immigration loans will be reduced below 10% and fully cooperate with the government."

"Okay, great, that's what I wanted, hahahaha......" Richard got a satisfactory answer and finally couldn't help but laugh.

"Your Majesty loves the people like a son, and we are ashamed!" Alan Maupassant wastes no time in delivering a rainbow fart.

Richard smiled indifferently, no one in today's era of feudal monarchs really thinks so carefully and considers the people so intimately.

As a senior house slave in his previous life, Richard knew this very well, and was unwilling to sacrifice the interests of Chinese immigrants to complete some large enterprises and big banks, even those directly belonging to the royal family.

A gentleman loves money, and he takes it in a good way!

Richard was convinced;

The series of policies adopted by the government of the Tang Kingdom to benefit the people can truly experience the benefits of the people, which greatly enhances the sense of happiness and belonging, which is the most important benefit.

It's just a little money, but what's it?

With the rapid expansion of the number of immigrants, factories and enterprises are numerous, the kingdom's tax sources are more extensive, the tax base is more reliable, and the fiscal and tax revenues are blooming more and more.

In the past 1847, the American River produced a total of 3.47 million ounces of gold, worth 70 million Tang Yuan, which was the largest economic output of the Tang Kingdom.

1st quarter of 1848

The total industrial output value of the Tang Kingdom has approached the gold rush industry, and it has become the economic pillar of the Tang Kingdom that can fly with the gold rush industry, which is very revealing.

As a superior

Richard knew that more and more Chinese immigrants were the foundation of the Tang Kingdom, and the more populous the population, the stronger the foundation, and the deeper the kingdom's heritage, the more difficult it was for Americans to shake.

Looking forward to 1848, by the end of the year, the population exceeded the 1 million mark, and the Tang Kingdom could be regarded as the first step in North America.

Looking at the increasingly prosperous North American immigration routes, Richard's heart was filled with indescribable happiness, the first job of the royal government was immigration, and the top priority he always paid attention to was immigration.

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