Ming Taizi's Total War

Chapter 174 The Frenzy of Subscribing Bonds

Zhu Cihong's words were very vague, but the meaning was clearly expressed, that is, the government's bonds could not be sold because banks were not allowed to issue bonds, and banks were not allowed to issue bonds so no one would buy them.

"Okay, if nothing happens, you can retreat." Zhu Cihong waved his hand and ordered Jiang Yingyuan to leave.

He should go too, this palace will be demolished soon, because after Zhu Cihong leaves, he probably will never come back again, as the place where the emperor stayed, if it is not demolished, manpower must be left to repair and maintain it. It's too much trouble and not worth it.

A few days later, in Jinling City, outside the Royal Bank of Ming Dynasty, rich businessmen, ordinary people, and even officials’ families were crowded with money to buy bonds.

Because bonds are one of the few businesses in this era that can make a steady profit without losing money. Although Zhu Cihong’s interest rate is as low as [-]% for three years, there is almost no inflation in this world, and the government does not issue large-scale compulsory use of banknotes. In the age of , it has been commendable.

Crowds like a tide stood on the street outside the Jinling branch of the Royal Bank of China, crowding the avenue that used to be enough for four carriages to walk together at the same time.

People crowded shoulder to shoulder, and from time to time someone was stepped on, scolded angrily, turned around and then crowded towards the door of the bank.

"Don't squeeze, brother, my shoes are all squeezed out."

"The one in front, take it easy, you're stepping on my foot."

The chaotic scene lasted until the branch manager opened the second-floor window and shouted to the crowd.

"Everyone, everyone, please be calm and don't be impatient. The bank will open the door immediately. Today the bank has prepared a total of 100 million bonds of various types, and has closed all counters to handle bond business for you."

"Don't worry, each of you will be able to buy bonds. If someone cannot buy bonds, our bank will report the situation to the imperial court." The branch manager said to people in a loud voice.

"Hurry up and open the door, don't talk about those useless things." A wealthy businessman with a general belly said anxiously to the branch manager.

"That's right, that's right." The wealthy businessman said what everyone wanted, and everyone around him shouted together.

"Right away, I'll let them open the door right now." Facing people's voices, the branch manager couldn't bear it, so he had to make a promise.

Soon, the gate of the bank opened, and hundreds of people crowded in, some of them were squeezed in by the pedestrians around without even walking. Compare with others.

The rich businessman with a general belly who had just shouted at the branch president was very lucky. There were not many people in front of him, and he came to the teller after queuing for a while.

"Excuse me, how many bonds do you want to buy?" The teller asked mechanically, with neither a gentle tone nor a friendly smile. There is no way to compare it with modern banks. No matter how unhappy they have to endure, after all, they have no choice.

"I want to buy 1 taels of bonds. This is a bank note issued by your bank. Hurry up." The wealthy businessman took out ten thousand taels of silver notes issued by the Royal Bank and gave them to the teller.

This wealthy businessman has a large business, involving overseas trade, land, and textiles. The 1 taels of silver is not even one-tenth of his wealth.

However, the situation in Daming has deteriorated these years, the place has become more and more unstable, and peasant uprisings have occurred frequently, so he does not want to take risks in doing business. Although doing business makes a lot of money, it is not safe, and there are always people watching you.

For example, if you buy a [-] mu of fertile land and rent it out to dozens of tenant farmers to grow it, but the weather doesn’t always happen every year, and sometimes there will be no harvest.

If the rent is not collected at that time, then he will have no income for a year. If the rent is forcibly collected, someone will poke him in the back and scold him, and even those tenant farmers will rise up, break into his blockhouse, and put him to death. The whole family was caught and killed.

This kind of thing has happened before, especially in Henan, Sichuan, and Shaanxi, where peasant uprisings are the most violent. Even the provincial capital would be difficult to defend if attacked by the crowd, let alone the stockades of these wealthy landlords.

There are thousands of villages in the three provinces, but only single digits have not been breached.

Therefore, although the interest rate of the bond is low, only [-]% for three years, but it is stable. The huge Ming Dynasty has a vast territory, a large population, and abundant products. As long as the court is trustworthy, it will be impossible Can't replace it.

"Strange, why are so many people buying for [-] to [-] today." The teller said to himself.

"What did you say? How many people bought [-] bonds?" Na Zeng thought, the rich businessman got excited when he heard the teller's words, and said while grabbing the teller's sleeves with both hands.

"Don't get excited, don't get excited." The teller stopped him.

"There are three or four." The teller said.

"What, why are there so many?" The wealthy businessman came to buy bonds today just to test the waters. If the situation improves and there are more buyers, he will go back and get the money to buy some more.

I never thought that someone would have the same idea as him, and planned to buy 1 taels of bonds to test the waters.

He stood in a relatively front position. There were only a dozen people in front of him, and there were many people waiting behind him. If there were many people in the back who were generous with money, and if they bought it for 1 taels, then he would not play the rest of the bond today. idea, because there's no way there's going to be any bonds left.

As the accompanying capital of the empire, Jinling has too many rich people. It may be impossible to get them to be loyal to the country, but it is easy to get them to pay for some new gadgets.

"Your bond is ready, please keep it. When it is due, you can exchange it at any Royal Bank." Just as the rich businessman was standing there, the teller had already processed the bond and gave it to the rich businessman.

"If I wait here, I can buy it if my family sends money over." The rich businessman felt that he couldn't miss this opportunity. This kind of safe and profitable way is rare.

"Of course." After the teller finished speaking, the wealthy businessman felt relieved.

But when he heard the teller's next words, his nerves became tense again.

"Just let them line up at the back." The teller's words were like a sharp sword piercing the rich businessman's heart.

The rich businessman thought to himself, if he was at the end of the line, would it be possible to buy bonds?

"But I'm queuing here, why let them line up." The wealthy businessman still didn't give up.

"They come to buy bonds, of course they have to line up." The teller's surprised tone seemed to be seeing a bumpkin who just came to Jinling from the countryside.

(End of this chapter)