Chapter 144: Li Min's ability to hold money
The title of the article Li Yan published this time is long and vulgar, and its name is "The imperial court issued land coupons, dozens of nobles, and charitable merchants rushed to buy it." You can see that this article mainly introduces the situation of purchasing land coupons the day before yesterday, but in Li Yan's writing, it deliberately exaggerates the glorious image of each buyer.
If you only read this article, most people will probably be confused, because there are not many descriptions of land vouchers in the article. You only know that the land of Gaochang was sold in advance, and there is no other one. However, in the following article called "Land Vouchers and Confucian Businessmen", you immediately answer the questions in the minds of all readers. Not only did you explain the reasons for issuing the land vouchers in detail, but you also praised the noble character of the people who purchased the land vouchers in the previous article.
In addition, in the title and content of this article, Li Yan also used the word "Confucian Business" for the first time, praising several big merchants such as Wang Zihao and Qian Gui for purchasing land coupons at great risk when the country was in crisis. Such righteous acts are very consistent with the loyalty to the emperor and patriotism advocated by Confucianism, and are in line with the teachings of Confucius and Mencius. Therefore, they can also be called "Confucian Business". With their identities, they can be called "Confucian Business".
As soon as these two articles were published, everyone no longer cared that they were written in vernacular. Those who care about state affairs discussed the crisis that occurred in the Western Regions, and were extremely angry at the arrogance of the Western Turks and Gaochang; while those who had wealth in the family asked around, where could they buy land coupons? Because Li Yan promised in the newspaper that if anyone who bought land coupons did not want the land in Gaochang after the war, the court would pay it back at the original price, and there would be two percent interest, which means that the court borrowed money from the people. After the Gaochang was captured, it would not only pay it back, but also interest would be taken.
With the issuance of newspapers and the spread of people, the entire Chang'an City was discussing land coupons in just one morning. In addition, with the simultaneous issuance of newspapers in other cities, with these cities as the center, the issue of land coupons in the court quickly spread throughout most of the Tang Dynasty.
Taking advantage of the craze of land coupons, Li Yan published another article in the next issue of the newspaper, pointing out that with the approval of Emperor Li Shimin of the Tang Dynasty, land coupons will be issued to all subjects of the entire Tang Dynasty. However, the issuing agency of land coupons is not the government offices in various places, but the Datang Bank established in several major cities.
As a financial institution, issuing treasury bonds is its part. Although the banking industry is still very weak, its business is narrow, and its influence is even less, Li Yan knows the future development prospects of this industry. Therefore, in the issuance of land bonds, he decided to hand it over to the bank to operate in order to promote the development of the banking industry.
Once this news was announced, the Datang Bank established in various big cities was immediately crowded by the people who flocked to it. In order to buy land coupons earlier, they could get 20 cents of interest for a consistent amount of money. Although it doesn’t seem high, it is a sure-fire deal. Anyway, copper coins are kept at home, so it’s better to exchange them for land coupons to earn some interest. Li Yan also promised that the court would return the money to everyone regardless of the outcome of the war, so there is no need to worry about the issue of the success or failure of the Tang Dynasty and the money was wasted.
Of course, the above are all the ideas of ordinary people. Although they have a large number of people, they have limited wealth in their hands. The main force in the real redemption of land vouchers is the newly developed emerging industrial and commercial masters.
Compared with ordinary civilians who only want to eat interest, the ideas of industrial and commercial masters are much more complicated. The Western Turks and Xichang sent troops to block the connection between the Tang Dynasty and the Western Regions, and also blocked the Silk Road on which many merchants depended for their livelihood. In a short period of time, many people suffered heavy losses. As a result, the export of goods produced within the Tang Dynasty was affected, and countless industries and commerce related to the Silk Road were affected, and even the phenomenon of unsalable goods were caused.
The sales of a product are affected, and all industries related to it will be affected. This is the so-called industrial chain, which will affect the whole body. It is precisely because of this that nearly one-third of the merchants in the Tang Dynasty are eager to open up the ties with the Western Regions for their own interests and restore the smooth flow of the Silk Road.
Under this idea, I also knew that land coupons were the fundraising move made by the court to attack the Western Regions, so countless merchants generously donated money. No matter how stingy the merchants were to their subordinates, they would show their generous side at this time and take out their treasured property to exchange for land coupons, because it was related to their vital interests.
Of course, the reason why merchants have such a high level of awareness is also related to the detailed explanations of various newspapers. Otherwise, based on the current cultural level and overall view of the merchants of the Tang Dynasty, it would be a miracle that half of the people now buy land coupons.
Unlike these industrial and commercial owners who were motivated by newspapers, most of them were forced to purchase land coupons, there was also a group of industrial and commercial owners who were very proactive in purchasing land coupons. Some of the educated merchants even wrote articles and published them in newspapers, encouraging the court to launch wars against Xichang and even the Western Turks from all aspects. These people were mainly merchants closely related to the army, such as military horse merchants, weapons merchants, military clothing manufacturers, military food manufacturers, etc.
Most of the products produced by these merchants are directly supplied to the army, and they also know that only during wartime will the army demand for their products surge, especially weapons, clothes, and other products that are most susceptible to war damage. After a war, almost all participating troops will have to replace them several times, so that they can make a fortune in the rear.
However, no matter what the purpose of people purchasing land coupons, Li Yan's purpose of raising funds finally answered that the 20 million land coupons issued in the first phase were quickly sold out within a few days, and then they had to issue another 10 million yuan, but they could not withstand the demands of the rich people in the Tang Dynasty. When Li Yan wanted to add more issuances, Fang Xuanling and Tang Jian, the Minister of the Ministry of Revenue, found him.
"Liulang, don't issue land coupons again, otherwise our Ministry of Revenue will not pay it back in the future!" Tang Jian, who was nearly 60 years old, immediately sat on the chair and shouted with a bitter face. Tang Jian, the old man, liked food the most. When Li Jian was in Chang'an, he often visited his mansion, so the two of them were friends and were very familiar with each other.
"Shangshu Tang said it well. Although it is a good thing to have too much money, Liulang, the interest you gave is too high. The 30 million guan is almost offset by the taxes of the previous year. Including the interest of two cents, it means that you will have to pay more than 600,000 guan in the end. The court has suffered a great loss!" Fang Xuanling said in pain and joy. He never dreamed that Li Yan could get 30 million guan at once. Such a huge amount, let alone conquering Gaochang, if it were all in the war, even the Western Turks would be able to be directly destroyed.
"Haha, don't worry, making money with money is the fastest way to make money. Isn't it just an extra 600,000 yuan of interest? As long as you feel free to hand over the money to the bank, you can make it back when the war is over!" Li Yanman said indifferently. Although he has never worked in a bank and does not know how much profit the banking industry is, but thinking about the wealth owned by the financial oligarchs in later generations, it must be not difficult to make two percent of the profits with tens of millions of yuan.
Hearing Li Yan's promise, Tang Jian and Fang Xuanling breathed a sigh of relief. Now the court is almost convinced by the ability of this King of Qi to make money. They can get 30 million guan in the blink of an eye, let alone just 600,000 guan.
However, after relaxing, Tang Jian kindly reminded: "Liulang, it is a good thing for you to exchange Gaochang's land for 30 million yuan, but as far as I know, the land in the entire Gaochang country is probably worth less than 10 million yuan. In this case, if you sell three parts of goods with one piece of goods, if all the people who buy land coupons in the future ask you for land, I'm afraid you won't end at that time?"
"Thank you for Uncle Tang's reminder! My nephew has calculated this question before. Among the people who buy treasury bonds, not many people really want land in Gaochang. However, in my nephew's opinion, I still hope that all those who buy treasury bonds want land. It doesn't matter if the land in Gaochang is not enough, the territory of the Western Turks is very large. In addition, some places in the Western Regions, are you still afraid of insufficient land?"
Li Yan bowed and said with a smile that Tang Jian was over 20 years older than Li Shimin. When Li Shimin was still a prince of Taiyuan, the two were called brothers. Later, Tang Jian made countless contributions in the establishment of the Tang Dynasty, so he was highly valued by Li Shimin, so Li Yan called him his uncle.
Although Li Yan spoke very gentle and had a gentle smile on his face, Fang Xuanling and Tang Jian felt a little chill after hearing this, thinking that the King of Qi is indeed a prince who is favored by everyone. Not only did he solve the financial crisis of the court in a flash, but he was also not satisfied with the defeat of Gaochang. Even the Western Turks and the countries in the Western Regions have already regarded it as food on the plate. Being able to have such talent and heroism among the princes is indeed a blessing for my Tang Dynasty.
Everything needs to be a degree. Li Yan also knows this very well. Thirty million guan is already a lot. The treasury income of the Tang Dynasty in the year was only a little more than this. In addition, Fang Xuanling and Tang Jian came to him personally, so Li Yan finally agreed and the land coupons were suspended, and the threats from Gaochang and the Western Turks were eliminated first.
After achieving his goal, Fang Xuanling and the others were about to say goodbye, but Tang Jian suddenly reminded again: "Liulang, you made 30 million yuan this time, so there is no need to say the contribution, but the trouble you caused this time was not small. If His Majesty had not been helping you with it, and many court officials would have been biased towards you for the sake of this 30 million yuan. Otherwise, even if you were yours, I would probably not end this time!"
Chapter completed!