Proposal to set up a bank

Because Wang Qi inadvertently revealed his plans to travel, Li Shimin did not go anywhere this year.

Although the summer in Chang'an City is relatively hot, because of the technology of saltpeter ice making, Li Shimin's life is not very sad.

In addition, I just received a good news from Li Jing two days ago.

It says that he has complete control over Tuyuhun.

This made Li Shimin's mood even more comfortable.

He had already agreed with Fang Xuanling and others in advance to set up the Western Regions Protectorate at the end of the year.

In this way, it can not only deter the Western Turks and other small countries in the Western Regions, but also ensure the smooth flow of trade routes.

It can also effectively curb the improper thinking of Tuyuhun in Tibet.

At present, it is only necessary to announce Fu Yun's surrender to the surrounding countries, and then Tuyuhun will completely become the territory of the Tang Dynasty.

With this territory, Datang has an excellent horse farm and a large area of land suitable for farming.

During the period of waiting for Li Jing to return from Tuyuhun, Li Shimin confirmed the administrative division in Tuyuhun with Fang Xuanling and others.

Subsequently, arrangements began to be made for officials at all levels to take up their posts.

The first governor was chosen as the assassin of the same state, Qiao Shiwang.

He is Li Shimin's brother-in-law, and his reputation during his tenure is also very good.

Therefore, Li Shimin decided to let him go there to experience two years of training and prepare for great use.

Just when Li Shimin was sitting comfortably waiting for Li Jing to return to the court.

The file on the collective corruption of officials in Guangzhou and Li Zhi's separate memo suddenly put on Li Shimin's desk.

When Li Shimin saw the list of hundreds of people involved in the case and the huge number of corruption, he directly scolded angrily.

Dang Renhong can be regarded as the founding father of the Tang Dynasty.

Not only did he participate in the battle to destroy the Sui Dynasty, but he was also an old minister of the Qin Palace.

Li Shimin asked himself that he never owed him.

Not only has he been entrusted with important responsibilities many times, but he has also given him many rewards.

Now he actually embezzled millions and corrupted the officials of the entire city of Guangzhou.

This is undoubtedly more difficult for Li Shimin to accept than a betrayal.

However, after he scolded for a long time, he suddenly fell silent.

Today's Datang has just improved, but the ministers have begun to grow old again.

These people have basically not enjoyed much happiness since they followed him.

Many people can even be said to be destitute.

If it weren't for the pheasant slave reminding himself and taking the initiative to take out some business and let these people become shareholders, I'm afraid their lives would have been even more difficult.

However, even so, the people Li Zhi can take care of are very limited.

At present, many corrupt officials will respond during interrogation that their salaries are too low to support their families.

This is undoubtedly a constant stab in his own body.

However, now Datang's finances are not sufficient, and he has the intention to improve the treatment of officials, but he has no money.

How can you solve the worries of the officials?

Li Shimin thought alone for a long time but couldn't find an answer.

So he had no choice but to sigh and pick up another letter from Li Zhi boredly.

This letter is very thick.

Li Shimin has never seen anyone write such a thick recital.

Before he opened it, he was still thinking that maybe his son was too far away from him, so he wanted to talk to him more.

But he soon knew he was wrong.

Although there was not a single word of thought about him on the letter that Li Zhi gave him, it provided him with an excellent solution to the problem at hand.

This is done by setting up some large state-owned workshops.

The income from these workshops is used to compensate for the financial losses caused by the tax cuts.

Not only that, but Li Zhi also proposed to him that a small number of shares in these workshops could be used as a reward for those who made meritorious contributions.

At least they can get an extra income during their tenure.

The government-run workshops proposed by Li Zhi included the mining and smelting of various metal ores and the manufacture of various ships.

In addition, there is an industry that Li Shimin has never heard of before.

That industry is banking.

So far, Datang has only one currency in large-scale circulation, and that is "Kaiyuan Tongbao".

This kind of copper coin has one or two weights for every ten cents, which is very unfavorable for commodity trading.

Li Zhi's idea was to use gold reserves as anchors to design a special kind of paper money to replace copper coins.

Li Shimin had already begun to get serious when he saw this.

Because what follows will be something he's never touched before.

Li Zhi next proposed some of the operating models of modern banks.

Including how to collect deposits, how to borrow, and what kind of certificates should be used by banks to withdraw deposits from each other.

It details the bank's operations and profit model.

It also cited the support that banks can provide to the development of state-owned projects.

At the same time, Li Zhi also proposed to cancel the previous practice of using silk, grain and other goods to pay officials.

Let these items return to the nature of the commodity.

The main thing is that Li Zhi gave detailed measures to avoid a sharp appreciation and depreciation of the currency.

Li Shimin looked at it very seriously.

He read it over and over four or five times in a row.

He recorded every detail he paid attention to.

The pros and cons were then weighed against these records repeatedly.

Eventually, he finally understood the huge role of banks.

At the same time, it also shocked him once again at Li Zhi's wisdom.

In Li Shimin's view, such an idea should never be something that can be thought up by one person.

This should be at least the experience of a large institution that has been drawing on many years to sum up.

Now, however, such a proposal is alive in front of itself.

After a long period of sluggishness, Li Shimin picked up the recital again.

He wanted to see what Li Zhi wrote in the next paragraph.

For Li Zhi, the second paragraph is what he wants to say.

The first of these shocked Li Shimin beyond measure.

Li Zhi wanted to pardon all the prisoners of war sent to Lingnan.

Let all these people have the status of ordinary people.

He implored Li Shimin to give these people the same treatment as the people of the Tang Dynasty.

And he gave them the field of eternal industry and the field of mouth.

This proposal made Li Shimin feel very embarrassed.

Originally, according to the previous agreement, these people would still send them back to Tuyuhun after the development of Lingnan was completed.

This is the same as the previous resettlement of the Eastern Turks.

Li Zhi's current thinking is equivalent to a complete rejection of the previous unanimous decision.

Although he also pointed out that the Tuyuhun people have a high degree of sinicization and have the quality of an agricultural population.

But in the eyes of the courtiers, it seemed that the Tuyuhun people were foreigners after all.

Keeping them in Datang is likely to pose a hidden danger in the future.

Li Shimin felt that it was unlikely that this matter would pass.

But he couldn't bear to directly reject Li Zhi's proposal.

So he decided to continue to look at the rest of the fold and hold a court meeting together.