Kingdoms, not royal families.

It is to lend money to the whole kingdom, so it is necessary to count everyone from the royal family, Byron, Medici, Bourbon, like Spencer in the middle, down to every lord.

Because in this way, the bank bills of the bank can have unlimited legal repayment qualifications and can be circulated throughout the country.

If this is done, then the merchants will not be at risk, because they will print their own money to help the kingdom pay back to themselves.

Of course, not unlimited, but within a certain limit.

Solomon proposed that merchants become shareholders of banks in order to consolidate funds and establish a relationship of common interest in order to facilitate negotiations with the kingdom.

In the same way, the various forces of the kingdom are to form a unified government.

Only by forming a government that can represent the interests of all parties, and then making a contract with the merchants, can we satisfy each other and get what we want.

Among them, only the royal family has this qualification, and no other duke can reach this height, let alone those small lords.

Now is the time to put an end to the secret confrontation between the royal family and the Grand Dukes, and now is the best time to reach a compromise when they are facing heavy losses in foreign interests, and the royal family is still slightly better off than the dukes in Yugudral.

The result may be a written law that will be based on a structure of power that unites the kingdom's powers, such as the establishment of a unified foreign military and diplomatic policy, as well as finances.

Of course, since Solomon is now trying to convince the merchants, he naturally can't just use these to convince the merchants, and there are other means in the plan.

For example, the public treasury and its usual fiscal revenues and expenditures are drawn from bank accounts, and banks have the right of first refusal to borrow in the future. And have the exclusive power to print money to pay off debts.

This qiē is a parody of Solomon's memory. Travel back in time to the founding of the former Bank of England.

The shareholders are numerous and dispersed. Then if you want to put in place a controller that everyone trusts, including the debtor, and who also has a very clear understanding of the bank's operations.

The choice was already forthcoming, and there was no one else but Solomon.

Sure enough, after Solomon explained the plan in detail to the merchants of Kindleberg, the merchants finally relented.

According to Solomon's plan, as much money as he lent out, he could print as much paper money as he wanted. And these banknotes, which the royal family and lords must recognize, can be of the same value as the coinage, and can be used to offset the payment of taxes.

Then it will soon be possible to verify its value, and there is no need to wait until a few years later, when the war is over, and there is no possibility that the royal family or the aristocracy will turn their faces and deny it.

When these banknotes are thoroughly integrated into the circulation field, they become a part of the currency.

In this way, the risk for the businessmen is reduced.

In exchange, it is an improvement in the status of the government, and in terms of overall interests. If there is no better option, businessmen must also consider supporting Asturias. Otherwise, they have to consider that once they are defeated, their business will also be greatly affected.

The merchants of this era were swift and powerful, and immediately after being pacified by Solomon, they began.

First, the merchants in this house, where Solomon and the people were meeting, began to pay for the less, twenty or thirty thousand silver coins, and fifty or a hundred thousand.

Solomon immediately began to prepare a shareholder subscription letter on the Commodity Exchange, and the news of the establishment of a new bank immediately spread beyond the house, within the entire Commodity Exchange, attracting the attention of businessmen outside of the other core committee members.

As little as 5,000 silver coins, more than 10,000, some merchants began to subscribe.

In a short period of time, Solomon's shareholder subscription collected as much as two million eagle coins, and the number of subscribers continued to grow.

However, at this time, a summons came from the Perth Palace, and Edward had already convened a council of nobles in the palace and demanded that Solomon go immediately.

Solomon had no choice but to call Worthley, who was in charge of the Franklin Bank, and hand over the shareholders' subscription to him and Kindleberg, and the money from the subscription was also opened in a special account in the Franklin Bank for storage.

Then, he hurried to Perth Palace.

When he arrived at Perth Palace, he was actually late.

If, according to the custom of the Council of Nobles, the royal family or the great nobles presiding over the meeting could be held accountable for the crime of contempt, the strictest of them could be reduced to one level of his title, and he would be reinstated as an Imperial Mage from the Viscount who had just been promoted.

However, this time the royal family personally presided over it, of course, he would not come to ask him for his guilt, and at this time, the royal family and the big nobles in the council hall were like two vicious dogs that had bitten food, tearing back and forth, wanting to get more food, and no one would pay attention to a small nobleman like him, especially if there was no small nobleman in the family.

Of course, this is also because Byron, Medici, and Bourbon did not take him seriously, and they did not know that a large part of the recent royal family's frequent attacks were driven and inspired by Solomon.

By the time Solomon entered the Council of Nobles, Edward had already reached the most important agreement with the Council of Nobles.

That is, the nobles agreed to reduce the leadership of foreign wars to a unified command, and to serve the king as the supreme commander, both nominally and in fact.

But at the same time, in exchange, the executive power of the kingdom can no longer be held in the hands of a single family.

Since the nobility had surrendered the supreme military leadership, of course they wanted to be compensated in terms of executive power or otherwise.

So Edward had to make the Privy Council around him explicit, agreeing to take out the Privy Council as a formal administrative body.

In this way, the Privy Council, which was originally Edward's personal team, was taken out and expanded, and as the highest executive body under the king, including the Chancellor of the Exchequer, Reginal, became a part of it, and the Privy Council became a cabinet.

Of course, there have been major changes in the people inside, and the positions of authority have also been set up in detail, not only absorbing some important positions that existed before, such as the Minister of Finance, the Minister of Defense, and the Minister of Foreign Affairs, but also some new positions, such as the Minister of International Trade.

In the past, when the pre-imperial meeting was held, people like Regina had dual identities. He is both the official Chancellor of the Exchequer. This is an official position recognized by all kingdoms. But at the same time he was a member of the Privy Council, a position that was known to the court and nobles, but was not an official position in the kingdom.

As the Privy Council becomes the cabinet of the kingdom, it is equivalent to using the Privy Council to eat the positions of Chancellor of the Exchequer, Secretary of Defence, Secretary of State for Foreign Affairs, etc., and you have to advance the cabinet to be eligible to be appointed by the king as one of them.

The Privy Council is not cabinet-oriented, nor is it more of a private advisory group to the king than before, like Benjamin and Austin after they were cabinet-made in the Privy Council. They are no longer members of the Privy Council, because the cabinet has become one of the tools under the king, the royal family and the nobles in the division of power.

Although Benjamin and Austin are considered excellent talents in their respective families, and even the most powerful successors, it is not possible to compare with the three major ducal families, and the royal family has to compromise with the dukes, and they are bound to have someone enter the cabinet.

Moreover, the position of the prime minister is even more inevitable, because if they get this position, the dukes can still greatly contain the royal faction in power.

When Solomon came in, there was a lot of arguing over the position. The aristocracy was divided into two factions, and those who supported the royal family strongly did not agree to hand over the position of prime minister. The Dukes, on the other hand, threatened to keep the status quo if they could not get the position.

Of course, this is just scaring each other, and the life of the three families in Farucion is more difficult than that of the royal family, and they are more anxious to unite.

In the end, Edward announced that for the sake of the unity of the kingdom, he agreed to hand over the position of Prime Minister to the Dukes, but at the same time fought back.

The original cabinet had six positions, the Prime Minister, the Minister of Finance, the Minister of Defense, the Minister of International Trade, the Minister of Foreign Affairs, and the top official.

Since the Dukes want to get the position of Prime Minister, then there can only be two seats in the cabinet, the position of Prime Minister and the position of Foreign Secretary, and the rest must be assigned to the royal family.

It's two peach kills three, Solomon laughed below.

There are only two ministers in the cabinet, but there are three of the three dukes, and the different small groups attached to them will also have three shares, and no one wants to lose, but someone will definitely suffer this time.

Although I don't know how the three dukes will compromise and compensate each other, it will cause some conflicts between them anyway.

The struggle for executive power was only a struggle between the royal faction and the ducal party that Edward supported behind the scenes.

Then came the contest in Parliament, where the Dukes, while handing over military leadership, demanded that the powers of Parliament be expanded under the pretext that the interests of the nobility needed to be guaranteed, and that it was no longer as simple as judging the taxes paid by the nobles to the royal family every year.

The nobles demanded legislative power in Parliament, while the king promised to abide by the restrictions imposed on him and the royal family by law.

This was close to calling for a constitution, but the royal family had already prepared for it, with Solomon's advice.

Solomon designed for Edward a constitutional monarchy similar to a dualist monarchy, rather than a parliamentary constitutional monarchy.

In the pre-World War, Germany had a dual constitutional monarchy, while Britain had a parliamentary constitutional monarchy.

There is not much to say about the parliamentary constitutional monarchy, and the United Kingdom is the best example, that is, the yuan is only stored as a virtual title, and the power is controlled by the parliament, and the cabinet is also responsible to the parliament.

What kind of joke is this, of course Edward will not do it, although he is at a disadvantage externally, but internally, the three dukes' parties are even more unhappy.

In a dual constitutional monarchy, the hereditary monarch is a real power, not a fictitious title, and the cabinet members are appointed by the monarch rather than by the parliament, and the person in charge is also the monarch.

Of course, the so-called legislative power can be given, but the monarch has the right of veto, and can also dissolve the parliament or directly appoint someone to the parliament.

Therefore, in this game, the royal family has the upper hand, although it is agreed that the royal family must abide by the formulated constitution, but the current constitution has quite few restrictions on the royal family, and all kinds of power have been seized by Edward through the threat of war.

The Dukes' power against the crown was completely suppressed, for example, the other two legions in their hands with great influence had to be ostensibly loyal to the kingdom and Edward, and the private army had to show itself as a new official legion as part of the country's military force, otherwise it would be a violation of the laws that had been enacted.

If the dukes don't comply, then Edward won't either, and then the only way left is to go together to ruin, and whoever dies first is just that.

But if they all followed, according to this power structure, Edward still maintained his authority, combining the legislative, executive, judicial, and military, and was the supreme power.

If this were not the case, how could Edward agree with Solomon's proposal? (To be continued......)

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