"Your Majesty, have you heard about the Shanxi businessman absconding with money?" Zhong Jinwei is not sure whether Emperor Chongzhen knows about it. After all, you are the Emperor of the Ming Dynasty and you have so many things to worry about. Can this matter be done?
It was really hard to tell when it reached his ears.
Unexpectedly, Emperor Chongzhen recalled it for a moment, then nodded and said, "I have heard Dongchang report this to me. Could it be that when Master Zhong mentioned using private funds, he was referring to the money obtained from confiscated ticket numbers?"
After Emperor Chongzhen finished speaking, he was also amused by his ridiculous idea. His recent large sums of money were actually obtained through atonement or the confiscation of sinners' property, so he immediately thought about it.
When Zhong Jinwei heard this, he also laughed. After a while, he said: "Of course not, Your Majesty, the proceeds from the confiscation are just a piece of business. It is impossible for a rich man to ask the court to confiscate his home every day. The ticket number mentioned by the minister is used privately with the money."
I just want to say that this incident gave me a breakthrough to promote banknotes."
Emperor Chongzhen smiled a little sheepishly, and then asked: "Master Zhong, what is the breakthrough?"
"Your Majesty, do you think that the bank account number has escaped with the money now? Then those people who deposit the bank account number and bank will no longer trust the bank account and bank account. But some people can't live without the bank account number and bank account.
For example, those who do big business cannot carry a large amount of money with them when going out to do business. Not to mention worrying about the insecurity caused by revealing money, the weight of the money alone is enough."
Zhong Jinwei first analyzed the impact of this matter to Emperor Chongzhen, because only on this basis can he continue.
Although Emperor Chongzhen had never done business or gone out, Zhong Jinwei spoke plainly, so he understood clearly: "Master Zhong is right. What you mean is that the imperial court will accept this business and replace banknotes with banknotes."
Are you here to promote it?”
When Zhong Jinwei heard this, he couldn't help but secretly admire Emperor Chongzhen's quick thinking. Although he missed the target, he was not far off.
Thinking of this, he smiled and said to Emperor Chongzhen: "My suggestion is not very different from your Majesty's. It is to let all bank accounts and banks in the Ming Dynasty pay a certain proportion of silver to the Royal Bank of the Ming Dynasty as a reserve, which can solve this problem.
People who had deposited their money in bank accounts lost all their money due to running away with their money or other reasons. On the other hand, they could gather a large amount of silver to the Ming Dynasty Royal Bank."
Emperor Chongzhen was overjoyed when he heard this. It was another way to make money, and it was a lot of money.
However, he thought about it carefully and asked with a suspicious expression: "Will they surrender in this way? This has never happened before. Is it possible that the imperial court is blatantly oppressing the people?"
Zhong Jinwei nodded, but then explained: "Your Majesty is considering that in the past, it might have been difficult to implement. But now that the Shanxi merchant bank account has happened, it will be easier. The imperial court must seize this point and expand publicity.
This risk. Then the imperial court came forward and required all bank accounts to pay money to the Royal Bank of Ming Dynasty in order to cope with this situation. Public opinion must emphasize that this is the imperial court's consideration of the people's financial security and has absolutely no selfish motives."
If you follow what Master Zhong said, there may be a way. In this way, the court will have a lot more money, especially in Jiangnan, where there are more banks. According to what Master Zhong said, each bank will pay a certain proportion of silver to the Ming Dynasty.
The Royal Bank's branch in Yingtianfu will be very successful if we use this as a basis to vigorously promote banknotes.
Emperor Chongzhen thought of this, smiled, looked at Zhong Jinwei and praised: "Master Zhong is really a genius, he can quickly get the solution to the banknotes from this matter."
When Zhong Jinwei heard this, he blushed slightly and said sheepishly: "Your Majesty, this is a compliment. These are actually the practices of later generations."
After explaining, he said to Emperor Chongzhen: "Your Majesty, in order to implement this matter, we have to break up the Royal Bank of Ming Dynasty. In other words, some things can no longer be done by the Royal Bank."
"Oh, what's the explanation for this?" Emperor Chongzhen felt strange after hearing this. Isn't the Royal Bank of the Ming Dynasty good? Why should it be split up or stopped?
"Your Majesty, it's like this. The Royal Bank of the Ming Dynasty is currently mainly engaged in the business of exchanging silver coins. In addition, it plans to do business such as lending and other general bank accounts. There is not much difference between the bank. If there is any difference, the Royal Bank of the Ming Dynasty has the imperial court.
Their background and reputation are better than others. But even so, there are some veteran bank accounts and banks with good reputations. If they are asked to pay reserves to the Royal Bank of Ming Dynasty, they will have an excuse to say that if the Royal Bank of Ming Dynasty goes bankrupt.
situation, how to deal with it, or similar reasons to carry out various boycotts and not pay reserves."
What Zhong Jinwei said actually gave Emperor Chongzhen face. What's the use of an endorsement from a court background? His credibility has long been destroyed by the Ming Dynasty's Tongbao Banknotes. The credibility currently established is still the result of strictly enforcing the fact that banknotes can be exchanged for silver at any time.
If we really talk about credibility, the credibility of some veteran bank accounts and banks is much better than that of the previous court. It cannot be said that it is unreasonable for them to boycott.
Emperor Chongzhen frowned and asked Zhong Jinwei: "Master Zhong, what do you think is the most appropriate way to dismantle the Royal Bank of Ming Dynasty?"
When Zhong Jinwei said this, he felt a little unsure. After all, he did not study finance before, he just worked in a bank after graduation. He only knew a little about finance, but it was not comprehensive.
But he knew that this matter had to be done. Although it was impossible to do it perfectly at the beginning, it didn't matter. He just followed the slogan of future generations and crossed the river by feeling the stones.
What's more, with him here, he at least knows the approximate location of the stone.
Zhong Jinwei said to Emperor Chongzhen: "Your Majesty, all walks of life will establish associations in their respective industries and elect their leaders to strive for more benefits for the industry. The same is true for banks, that is, banknotes, and banks, and even more so.
It’s urgent. The Royal Bank of Ming Dynasty will be the bank’s leader.”
"That's it?" Emperor Chongzhen was a little confused. He thought it would be a more complicated matter.
Zhong Jinwei understood what Emperor Chongzhen meant, and he explained: "That's what it means. The specific method is to remove the ordinary business of the Ming Royal Bank, no longer do those businesses, and only do the business of exchanging silver taels for banknotes. The Ming Royal Bank will
Banks manage all industries related to currency. In this way, it is logical to require all banks, bank accounts, and banks in the Ming Dynasty to pay a certain proportion of reserves to the Royal Bank of the Ming Dynasty."
Only then did Zhong Jinwei express his final idea, which was to treat the Royal Bank of the Ming Dynasty as a central bank, separate it from ordinary banks, and supervise all financial institutions in the Ming Dynasty, and finally control this industry that can influence the country under the imperial court.