In the teahouse across the street, Chen Zhenhui and Zhang Dai were also thoughtful.
The Chen family in Wuxi and the Zhang family in Shanyin also purchased a lot of bonds from the stock exchange, and both families were put in charge of Chen Zhenhui and Zhang Dai, who were studying at the Imperial College in Nanjing.
Chen Zhenhui and Zhang Dai are descendants of aristocratic families, so naturally they will not come forward to cause trouble in person.
But both of them sent servants to inquire for information at any time outside the gate of the market exchange.
Hearing that the stock exchange really wanted to buy back bonds, Chen Zhenhui and the two of them suddenly thought of a possibility.
Zhang Dai said: "Brother Dingsheng, do you think there has been a decisive reversal in the war situation in Xuzhou? Is that why Ma Mingluo dared to really open the door to buy back bonds?"
"It's hard to say." Chen Zhenhui said, "This possibility really exists."
Zhang Dai said: "In this case, should we still sell bonds?"
Chen Zhenhui thought for a moment, closed the folding fan in her hand and said, "I won't sell it yet."
Good guy, this spring is so cold, and I actually have a folding fan in my hand.
After a pause, Chen Zhenhui said again: "Even if I guess wrong, it's just more than ten thousand taels of silver, and it will be donated to the imperial court to fight against the Jianlu."
"Well, I won't sell it to you either." Zhang Dai nodded.
Immediately, the private room fell silent, and neither of them made a sound.
After a long while, Zhang Dai asked again: "Brother Dingsheng, do you regret not joining the scholar camp?"
To be honest, Zhang Dai actually wanted to participate at first, but he felt that he could not bear the hardship, so in the end he did not dare to step into the door of life and death, but he still regretted it when he thought about it afterwards.
Zhang Dai always felt that he had missed a once-in-a-lifetime opportunity.
"Regret? What is there to regret?" Chen Zhenhui said with a smile, "Do you regret not being like Gu Gao, who had Chongzhen behead him to establish authority and establish rules?"
Zhang Dai said: "Gu Gao's death is entirely his own fault."
"Well, Gu Gao is indeed to blame. He is a spoiled person." Chen Zhenhui said, "I really thought that because he was Gu Xiancheng's son, he could respond to a hundred calls and be omnipotent."
Zhang Dai said: "In the end, he fell under Chongzhen's sword."
"But I still don't regret not joining the scholar camp." Chen Zhenhui said suddenly, "I am not as arrogant as Gu Gao, but I am not as naive as Gu Xiang, Wu Yingji, and Zheng Sen, who really believed Chongzhen's lies."
Zhang Dai frowned and said: "Brother Dingsheng, you don't believe that Chongzhen would recognize people-centered thinking?"
"Only a fool would believe it." Chen Zhenhui snorted and said, "It's not uncommon to see emperors who put the country, the country, and the country above themselves, but how often have you seen an emperor who put the common people above himself?"
"The common people of Li have no food and clothing. Which emperor is willing to share their wealth with them?"
"The common people of Li cannot afford a wife. Which emperor in the past and present has been willing to give back three thousand beauties from the harem to marry them?"
Speaking of this, he added: "It has never happened before, and it is impossible for Chongzhen to become such a holy king, so this is just an extraordinary method in extraordinary times to fool those brainless beings."
Zhang Dai nodded and said: "That is to say, if the situation is stable in the future, Chongzhen will kick away the scholar camp?"
"That's right." Chen Zhenhui patted the folding fan again and said, "Six thousand scholars are just tools. As soon as the danger of annihilation of the country is relieved slightly, they should return to the Imperial College to study. But some people will never return.
I won’t come because Chongzhen cost me his life with an empty word. Brother Zongzi, don’t you feel wronged?”
Zhang Dai sighed softly when he heard this, was it unfair? Maybe it was unfair.
At this time, a servant came in and reported: "Sir, it's time."
"Oh, yes." Zhang Dai woke up and said, "Brother Dingsheng, it's time for us to go on duty."
"Brother Zongzi, go ahead. I have resigned from the Ministry of Internal Affairs." Chen Zhenhui shook her head and said, "I have refused to give him an official position for so long. Besides, Ma Mingluan is only a sixth-grade deputy chief.
So what if I give you my official position? I am just an eighth- or ninth-grade sesame official, and it is not worthy of me to stoop to serve others for such a lowly official."
"Uh?" Zhang Dai was stunned for a moment when he heard this, but finally decided to go straight.
As a result, when Zhang Dai arrived at the Ministry of Internal Affairs, he happened to encounter Ma Mingluan quarreling with Zuo Guangxian.
Zuo Guangxian was originally just a patrol censor, but the last time he listed ten major crimes to angrily criticize Chongzhen and the Ministry of Internal Affairs, he became famous, so he was promoted to Zuo Qiandu censor in the ministry recommendation last month.
.
In other words, Zuo Guangxian is now a senior official of the fourth rank.
The fourth-rank imperial censor Yanguan has almost entered the power center of the Ming Dynasty.
So Zuo Guangxian was particularly hard-working when he attacked Chongzhen and the Ministry of Internal Affairs: "Deputy Chief Ma, there is a big problem with the accounts of your Ministry of Internal Affairs. Why are there only only silver wages and rice for work and food paid to the scholars of Huai'an Prefecture to edit and train Xiangyong?
General ledger? Where are the detailed accounts? Is there a problem with this? Have the accounts been hidden by you, Deputy Chief Ma?"
"Presumptuous!" Ma Mingluan immediately became angry. Can he say this casually?
Mr. Zuo, you not only want to take off my hat, Ma Mingluan, but you also want to kill me!
However, Ma Mingluan finally suppressed his anger: "Zuo Qian Duxian, you have to be responsible for what you say. It's okay for you to put a shit basin on my head, Ma Mingluan, but it's not okay for you to discredit the Holy One."
"Don't scare me with Your Majesty." Zuo Guangxian showed no fear, "Not to mention that His Majesty has given us the power of the Metropolitan Procuratorate to supervise the Ministry of Internal Affairs. Even without the Holy Order, I still have to investigate thoroughly."
Speaking of this, Zuo Guang straightened the black gauze hat on his head first, and then continued with a stern speech: "In all the territory of our Ming Dynasty, all our officials and accounts, none of us, the Procuratorate, dares to inspect or
It can’t be checked! Deputy Director Ma, I advise you to obediently hand over the detailed accounts."
This last sentence is already like interrogating a prisoner.
Ma Mingluan was so angry that he immediately said to Zhang Dai: "Zongzi, go to the warehouse and bring over the detailed account books of Huai'an Prefecture and the subordinate counties' scholars' salary, silver, and work and food rice expenses."
This chapter is not finished yet, please click on the next page to continue reading the exciting content! "Since Zuo Qiandu Xian wants to investigate, let him investigate."
Speaking of this meal, Ma Mingluan said to Zuo Guangxian fiercely: "But Zuo Qiandu Xian, what if no problem can be found in the detailed accounts?"
Zuo Guangxian said: "If you can't find it out, you can't find it out, which means there is nothing wrong with the accounts of your Ministry of Internal Affairs."
"Is this the end?" Ma Mingluan angrily said with a smile, "You all, the procuratorate, mobilized the troops like this, the censors and officials came in force, nearly a hundred people, and they just beat gongs and drums and swaggered through the city to tell the whole city that our Ministry of Internal Affairs has
question, and then after checking the accounts, it’s over with just saying “no questions”? Zuo Qian Duxian, do you think our Ministry of Internal Affairs is low-level and easy to bully?”
"Then what should Deputy Chief Yima mean?" Zuo Guangxian retorted, "You want our Procuratorate to post a notice to tell the world, why can't we explain it to your Ministry of Internal Affairs? Deputy Chief Ma, have you forgotten it?
, The censor heard that reporting matters is a rule set by Taizu. You think the ancestral system set by Taizu is wrong, don't you?"
"You?!" Ma Mingluan was furious, but for a moment he was speechless. The Taizu tablet was too heavy.
Who dares to question the ancestral system established by Taizu? Not even the Holy One, let alone Ma Mingluo?
However, Ma Mingluan really couldn't swallow this bad breath, so he decided to go directly to the cabinet to find the four cabinet ministers to comment. The Feng Xianguan of the Metropolitan Procuratorate acted recklessly, so the four cabinet bosses should have some scruples, right?
…
At the same time, the four cabinet elders of Ming Dynasty also met in the cabinet room.
Because Zhang Youyu, the Minister of Household Affairs, reported important matters regarding state affairs to the four cabinet elders.
By the way, Zhang Youyu finally succeeded Gao Hongtu and became the official of Hubu Hall.
Zhang Youyu said: "Shou Kui, and the three ministers, the Ministry of Internal Affairs has just issued an announcement to buy back all the bonds sold last year at a 40% discount. Have you heard about it?"
"I just heard about it." Shi Kefa nodded and said, "I really didn't expect this."
"I really didn't expect this," Gao Hongtu said, "I didn't expect that the Holy Spirit would be so generous. He was willing to take out the money that he had invested in the internal funds to buy back the bonds that had been reduced to waste paper. This is not hundreds of thousands or even millions.
, but tens of millions!"
Shi Kefa faced Xuzhou and bowed his head in the distance, saying: "How can the Holy Spirit's actions be beyond the reach of our generation?"
Zhang Youyu curled his lips when he heard this and said to himself, "You are flattering me in Nanjing, and the Holy One cannot hear you. How can it be useful?"
However, Zhang Youyu did not say these words after all. Instead, he took the opportunity to raise the issue he wanted to talk about: "Shou Kui, you three elders, don't you think this is an opportunity?"
"Opportunity?" Shi Kefa looked confused, "What opportunity?"
Jie Xuelong and Jiang Yueguang were also confused, not knowing what Zhang Youyu meant.
Gao Hongtu frowned and said in a deep voice: "Jinghan, if you have anything to say, just say it and don't be shy."
"Yes." Zhang Youyu said with a long bow, "I'm afraid it will be difficult for the stock exchange to do anything after this disaster. Even if the Ministry of Internal Affairs sells bonds under the guise of the stock exchange again, I'm afraid no one from the Jiangnan gentry and merchants will buy them again.
, because all the official land in the Northern Territory that the Ministry of Internal Affairs could use as bond collateral has fallen into the hands of the slaves."
Shi Kefa and the others undoubtedly knew the situation in Xuzhou.
Not only did the war situation in Xuzhou not usher in a decisive reversal,
Instead, the situation became even worse than when the war first started.
It is really difficult to say whether the Huanghuai defense line can be held in the end.
At this time, if the government land in the north is used as collateral to sell the bonds, no one will buy it.
Zhang Youyu added: "However, the issuance of bonds is really good, and this is also recognized by the Jiangnan gentry and merchants."
"It is good to issue bonds, but the court does not have official land to use as collateral." Xie Xuelong said, "Why don't we print a bunch of waste paper and the gentry and merchants in the south of the Yangtze River will rush to buy it?"
"That's definitely not possible." Zhang Youyu waved his hand and said, "But the mortgage does not necessarily have to be official land. The official thinks that other properties can also be mortgaged."
"What does Jinghan mean by this?" Shi Kefa and others were still a little confused.
Gao Hongtu understood the point clearly and suddenly said: "What Jinghan means is to use the capital of each province in the next one or several years as collateral. That is to say, after the bond expires, if the Ministry of Accounts cannot come up with the money to redeem the bond,
Then the corresponding province's tax will be paid to the creditor, and the tax equivalent to this province or several provinces will be returned to the creditor."
I have to say that the Ming Dynasty really had no shortage of smart people.
Chongzhen only provided the most basic way to play bonds, but Zhang Youyu, Gao Hongtu and others directly took the bond market a big step forward and advanced to government taxation as a guarantee to issue bonds. This is different from Yin Chimaoliang who directly uses national credit to issue government bonds.
It's very close, okay, this is Yin Chi Mao Liang.
It is equivalent to treating future income as interest and directly adding leverage.
This is amazing. Assuming an annual interest rate of 1% and an annual income of 10 million, you can theoretically issue a debt of 1 billion, which is a hundred times leverage! Of course, this is only theoretical.
Jiang Yueguang, Jie Xuelong's heart was pounding, this method seems to be good.
Shi Kefa was a little worried, frowned and said, "Is this good?"
"What's wrong?" Gao Hongtu snorted and said, "We don't issue bonds for our own personal gain, but for the Ming Dynasty. Only with money in the Treasury of the Ministry of Revenue can we alleviate the crisis and help the poor!"
Zhang Youyu added: "There are several pavilion elders and bank accounts. The bank accounts are the key!"
"Bank account?" Now even Shi Kefa was unsure. The Ministry of Accounts also issued a bank account?
Zhang Youyu said: "The imperial court could actually open a Ming Dynasty household bank account, and then follow the example of bundling the market exchange with the royal bank account. If the merchants of the Jin gentry wanted to buy and trade bonds on the exchange opened by the household department, they could do so.
You must first open an account with the bank account number and deposit money."
Shi Kefa said: "But after all, it is not the imperial court's money. What should we do if there is a run?"
"Yes." Xie Xuelong also said, "There was a run on the Royal Bank last time. It is said that it was very embarrassing. The originally high 300 million taels of silver were reduced to less than 41 in ten days."
"This is easy to hear," Gao Hongtu said, "Bank accounts can set a withdrawal limit. Except for the bond trading on the Hubu Exchange, which is not restricted, if you want to withdraw cash, you can only limit a certain amount every day."
"This is a good idea!" Xie Xuelong said, "I think this method is feasible."
Jiang Yueguang and Zhang Youyu also agreed: "This method is indeed good."
Gao Hongtu and the four of them all agreed, and Shi Kefa didn't want to object anymore.
At that moment, Shi Kefa said to Zhang Youyu: "Jinghan, then you should go back to the Ministry of Accounts to draw up a charter. Which province or provinces will be used as collateral, how many bonds will be issued, and the withdrawal limit of the bank account will be specific.
How much should be set? All these should be drawn up in a clause, and then we will discuss them one by one."
"I accept my order." Zhang Youyu bowed his head, turned around and left quickly.
The important matter of establishing the municipal exchange and bank account under the Ministry of Accounts has been agreed upon.
Jie Xuelong and Jiang Yueguang looked at each other and said, "The problem of insufficient national supplies will be solved from now on."
"This is a happy event." Gao Hongtu stroked his beard vigorously and said happily: "I don't want to live another day like this hard life where a big boy is split into two flowers."
While they were talking, a junior official came in and reported: "Mr. Ma Mingluo, deputy director of the Ministry of Internal Affairs, wants to see you."
"Ma Mingluan?" Gao Hongtu's face fell, and he said in a deep voice, "It must be for the Metropolitan Procuratorate to check the accounts of the Ministry of Internal Affairs. The cabinet will not come forward to solve this matter, and they will resolve it themselves."
