"Of course not, there is an essential difference between the two."
"Industrial bonds are liabilities. Merchants with accounts in the two cities lend money to the industry. After the bonds mature, the industry will pay the merchants the principal and interest."
"Stocks are a joint venture, an investment."
"Stocks do not pay dividends upon maturity, but dividends are usually required based on performance."
Speaking of this, he added: "If the performance of the industry is good, the dividends from stocks will not be less than the income from bonds. Of course, like bonds, stocks can be bought low and sold high to make arbitrage profits."
"So that's it." Sun Shouting understood immediately.
But Sun Shouting was still worried: "Your Majesty, the profits of other industries such as Daming Machinery Factory, Daming Danbagu Workshop, Daming Ming Liquor Workshop, etc. are visible, because as long as the products are sold, profits can be generated, but we
The only profit of Daming Infrastructure Workshop is selling houses, and the price is set very low, so..."
Sun Shouting was worried that no one would buy it, and no businessman would be willing to buy the shares of Daming Infrastructure Workshop.
Chongzhen also feels that it is indeed unrealistic to complete the infrastructure renovation of New Beijing without spending a penny.
"That's it, the price of houses in Beijing can be set higher, maybe twice as good." Chongzhen said thoughtfully, "Before issuing stocks, you must make it clear that the land and houses in the entire Beijing, including those in the inner city and outer city
Most of the land and houses are under the name of Daming Infrastructure Workshop, so the future profit prospects are promising."
"Your Majesty, take the order." Sun Shouting no longer had anything to worry about.
But Chongzhen said to Sun Shouting: "Shopkeeper Sun, I will handle your three difficult tasks for you, but I also have something to say first. If the city's appearance is not significantly improved after the reconstruction project of New Beijing is completed, I will not spare you."
"Your Majesty, you can rest assured about this matter." Sun Shouting said with enthusiasm, "As long as the houses in the outer city can be demolished smoothly, and the number of laborers and the principal of the project are sufficient, I guarantee that the new Beijing after completion will be completely new as your Majesty wishes.
There will no longer be sewage flowing across the streets and alleys, and there will no longer be the pain of muddy roads on rainy days.”
"Okay, I'll wait and see." Chongzhen then turned to Weng Zhiren on the other side, "Shopkeeper Weng, when will the craftsmen from the Daming Railway Factory arrive in Beijing?"
Daming Railway Factory is a wholly-owned subsidiary of Daming Machinery Factory, specializing in the production of locomotives and train cars. Daming Machinery Factory will send a group of craftsmen to Beijing.
Weng Zhiren is the boss of the Daming Railway Factory.
Weng Zhiren said hurriedly: "Your Majesty, the craftsmen have to arrange their families and pack their luggage, so they have been delayed for some time. They will probably not arrive until the end of the month."
"As long as it arrives by the end of the month." Chongzhen nodded happily and continued, "Shopkeeper Weng, has the Gewu Department given you the processing drawings for the locomotive and train cars?"
"Your Majesty, Gewu Ke has given me the drawings." Weng Zhiren followed the words and said, "I have already discussed it with several masters from Daming Machinery Factory, and basically there is no big problem."
"Originally, large pieces of iron sheet were not only difficult to find, but also extremely expensive."
"But not long ago, Gewuke invented a new iron plate extruder, which can squeeze the newly-baked iron blanks into thin iron sheets in a very short time, so there is no problem."
Iron plate extruder? Chongzhen couldn't help but feel a little moved when he heard this.
This iron plate extruder can be regarded as an unintentional addition to Gewu Ke.
Chongzhen originally wanted Gewuke to develop a steel pipe extruder.
The main purpose is to produce seamless steel pipes and continue to improve the performance of cannons.
However, the difficulty of steel pipe extrusion is too high, mainly because the material requirements of the ejector pin are too high, because the ejector pin needs to work under high temperature and high pressure for a long time, and it is easy to break.
Therefore, Gewuke has not yet manufactured a steel pipe extruder.
However, the iron plate extruder was built by Gewuke first, and it soon came into use in many industries such as shipbuilding and car building.
Chongzhen asked again: "Where do you plan to choose the site of the train factory?"
"It's in Tongzhou." Weng Zhiren has obviously thought about it carefully. "It's close to the canal and close to the Beihai. The transportation is very convenient, which is convenient for the transportation of bulk raw materials such as iron and wood. Moreover, the railway between Beijing and Beijing also passes through Tongzhou.
After the locomotive and train cars are built, delivery will be convenient."
Before railway transportation, bulk raw materials could only be transported by water or sea.
It is precisely because of this that the Beijing-Beijing Railway was built almost based on the Beijing-Hangzhou Grand Canal, because in this way, the sleepers, rails and stones required for the construction of the railway can be transported through waterways, and the cost can be reduced.
Chongzhen agreed with Weng Zhiren's choice, saying that Tongzhou was indeed the most suitable location for the factory.
While they were talking, the prospectus department was shocked. Li Kaixian had brought Zheng Zunrang, Shi Jiuke and other businessmen to find him. The prospectus for the Daming Railway Transport Company had been completed and the auction of 35 million shares had been completed.
To be honest, it was somewhat beyond Chongzhen’s expectations that the auction of 35 million shares could be completed so quickly.
You must know that this is not an intentional investment, but requires actual funds to buy shares.
However, this is enough to prove how optimistic businessmen such as Zheng Zunrang and Shi Jiuke are about the prospects of railway transportation. They all firmly believe that this is a sunrise industry with extremely profitable profits.
…
After the two parties met, the businessmen proposed to go to the railway construction site to have a look.
Chongzhen did not refuse at all, and immediately led a group of merchants to the railway construction site.
When Chongzhen arrived, Wang Pingshan was taking laborers to unload sleepers from the canal ship. These sleepers were cut down from Liaodong. Because they were all taken by waterways, the freight was not high.
What's more expensive is the lumberjack's wages.
Going to the deep mountains and old forests in Liaodong to cut trees still involves a lot of risks.
Seeing Chongzhen coming with a group of people, Wang Pingshan hurried forward to greet him.
After seeing the ceremony, Wang Pingshan said: "Your Majesty, I am encountering a difficult situation. Please help me."
Chongzhen said with a smile: "Wang Pingshan, you always refuse to ask for help, but today you have the audacity to ask me for help. It shows that you really have encountered an unsolvable difficulty. Tell me, what is it?"
Wang Pingshan said: "The sleepers, stones, earthwork and labor have all been settled, but the rails have not yet been found. Shopkeeper Hu has visited the Hanyang Iron Smelting Workshop many times, but the asking price of the Hanyang Iron Smelting Workshop is more than twice as high.
"
"Why is this?" Chongzhen frowned, "What does Chen Liangbi want to do? Deliberately make things difficult for you?"
Chen Liangbi is the new Iron Smelting Censor who succeeded Wu Jinxi, and the Hanyang Iron Smelting Workshop is now under his management.
Wang Pingshan smiled bitterly and said: "I don't know where I offended Chen Douxian. Other workshops sell steel for 4 yuan per catty, but Hanyang Iron Smelting Workshop sells it for 15 yuan per catty. I have been doing business for half my life."
, I’ve only heard that the more bulky the goods, the cheaper the price, but I’ve never heard of it actually increasing the price.”
"That's unreasonable." Chongzhen snorted and said, "I will discuss this matter with the cabinet."
"Thank you, Your Majesty." Wang Pingshan breathed a sigh of relief, "We just have to wait for the rails to be delivered to Beijing, and then we can lay the first section of the railway."
While he was talking, Wang Pingshan had already led Chongzhen and Zheng Zurang to the railway construction site. They saw that a long trapezoidal roadbed had been built along the south bank of the Grand Canal.
Tens of thousands of prisoners of war were working under the supervision of the New Army.
When they saw some prisoners of war slacking off, the new army would go up and give them a whip.
The prisoners of war were beaten until they screamed, but the new army still refused to let them go.
Obviously, the New Army soldiers brought their hatred on the battlefield to the railway construction site.
It is completely conceivable how these prisoners of war would be treated on the construction site.
Chongzhen actually saw a familiar face among these prisoners of war - Zu Dashou!
Because Zu Dashou was old and frail, he slipped and fell to the ground while carrying gravel.
When the supervisor of the New Army next to him saw this, he immediately swung his whip and hit him on the head and face.
After a few blows, the cloth on Zu Dashou's body was torn to pieces, and scars appeared on his body.
However, Zu Dashou was stunned and did not say a word, but silently endured the beatings from the supervisors of the New Army.
Seeing this, the supervisor of the New Army became even more angry and slapped him harder, until Zu Dashou's back was quickly covered in blood and flesh.
"Okay, don't be beaten to death." Chongzhen stepped forward to stop him at the right time. Perhaps Zu Dashou wanted to be beaten to death, so that he could avoid the next three-division trial and avoid being humiliated.
"Your Majesty." The supervisor of the new army paid a military salute to Chongzhen and said, "These bitches are cheap. If they are not beaten for a while, they will dare to cheat and cheat, so they must be beaten often."
"Then we can't kill them directly. It would be too easy for them."
After Chongzhen finished speaking, he asked Zu Dashou: "Zu Dashou, are you seventy this year?"
"Your Majesty, the guilty minister has turned seventy-one this year," Zu Dashou said.
"Seventy-one years old. Seventy-year-old people are rare in life. You are already seventy-one years old."
Chongzhen said casually: "In the dead of night, have you ever regretted? Did you regret that you should not be a slave?"
"How can I not regret it?" Zu Dashou said with a sigh, "The sinner regretted even his intestines, but what's the use? Will the Holy One forgive the sinner for this?"
Zu Dashou did not hide it.
Chongzhen asked: "Do you think you deserve forgiveness?"
Zu Dashou sighed: "It is forgivable for civil servants to betray their country, but it is unforgivable for military generals to surrender to the enemy. As a military general, the guilty minister betrayed the country and surrendered to the enemy. This has already touched the bottom line of the military commander. No matter how many times he died, he would not be able to atone for his crime."
"It's good to know." Chongzhen said, "So no one can save you."
"The guilty minister didn't even think about living." Zu Dashou said, "I just ask the Holy One to let go of my family."
"Then it depends on whether your son or grandson has made a big mistake." Chongzhen shook his head and said, "If he has not made a big mistake, the most he can do is confiscate his home and then be sentenced to prison. But if his hands are stained with the blood of his compatriots, he may be a god."
Hard to save."
Zu Dashou's expression froze when he heard this, but then he was relieved: "It's the guilty minister who is greedy."
After saying that, Zu Dashou picked up the gravel and left with heavy steps.
"Hey, did your Majesty let you go?" The supervisor of the new army was furious.
Chongzhen stopped him and said, "Forget it, let him work in peace."
