Lin Fu sent someone on a fast horse to urge him. No matter how important Lin Meng was, he always gave priority to Lin Fu's side and took a carriage back to Chongcheng that night.
If Qin Chengzu still had some concerns about the "bank" matter and was worried that he would encounter various obstacles, Lin Mengde was extremely supportive.
When the Lin family was at its peak, there were warehouses in Dongyang, Jiangning, Weiyang, Huai'an, Pingjiang, Danyang, Hailing and other major cities around Jiangdong County. Bulk goods were exchanged for thousands or tens of thousands of taels of silver. "Flying Tickets" were used inside the warehouses.
It has become a routine and a set of rules has been formed.
Because the Linji Warehouse has a good reputation and a deep foundation, it is common for Dongyang Township Party members who are doing business or traveling abroad to use the Linji Warehouse's flying tickets for money exchange. By the eighth year of Chongguan, the external flying ticket exchange had already
It has formed a considerable scale; just from the coupon rate, the Lin family can get an extra two to three thousand taels of silver from it. Compared with the Lin family's other businesses, the coupon income is still very low; if Lin Ji uses flying tickets internally, the coupon rate is also calculated.
, that number is quite objective.
The war broke out, Shanglinli was destroyed, and the foundation of the Lin family was almost destroyed. The war situation was unpredictable and people's hearts were unpredictable. The Lin family is currently reverting to cash settlement in various warehouses, but this does not mean that bank matters are not feasible.
Wang Chengfu wrote a letter and suggested that he talk about the pawn shop. Lin Mengde had seen it earlier and thought about it a lot. He had practical experience in this area, so naturally he had more and clearer ideas. It was only during this period that
They were all busy with other things. After Lin Fu returned to Chongzhou, Lin Mengde only met him twice briefly and had no chance to elaborate on the matter.
Wang Chengfu wrote a letter suggesting setting up a pawn money shop, with the main purpose being to use the pian money shop to borrow money from the valley and give it to the refugees for reclamation. Lin Meng paid more attention to the benefits of flying tickets, which are "bank notes".
Lin Fu clarified the concepts of "bank", "loan", "money interest", "bank note" and "coupon". Lin Mengde's conceptual framework became clearer. The meeting was held in Dongya that night.
During the meeting, he expressed his thoughts.
"Everything in the world is unpredictable, but Huaidong's repeated victories can still give others some confidence," Lin Mengde said. "We don't expect to take a big step in the first step, but in the system of Jinhai Liangdao
Here, it is still feasible to promote air tickets! Not to mention the Blackwater Shipping Company, the money is settled in Chongzhou, so there is no benefit from the bank. However, many grain merchants only take the short route from Chongzhou to Jimo----
To buy grain from Chongzhou, enter Jiaozhou Bay, deliver it to Jimo, and conduct bank settlement, you need to transport the money back to Chongzhou and then use it to buy grain. It is more convenient if the grain merchant goes with the ship, as long as you find a reliable ship owner and clerk.
, just transport the silver back with the ship; but many grain merchants and shipowners just hired people to transport grain. They were afraid of the rough seas and did not go with the ship. Thousands of taels of cash were transported back to Chongzhou by land.
There are all kinds of worries! If we set up banks in Jimo and Chongzhou, and the grain merchants get silver in Jimo, deposit the money in the bank, and take the flight ticket issued by the bank to Chongzhou to withdraw the cash, it will be much more convenient. The money is on the way.
It may be robbed, but the redemption of the flight ticket cannot be done by anyone other than the grain merchant himself or the person designated by the grain merchant. In fact, the personal safety of the grain merchant is also guaranteed..."
Flying notes are different from banknotes, and are similar in nature to bills of exchange in later generations. The face value of a flying note can be hundreds or even thousands of taels of silver. When a flying note with such a high face value is issued, it will naturally be endorsed in detail and written down.
The identity of the ticket holder, the time limit for withdrawing cash, and even the designated bank for withdrawing cash are very low, so the possibility of being stolen or fraudulently claimed is very small.
Zhou Guangnan and Sun Fengyi have been doing business for most of their lives, so they naturally understand the benefits of flying tickets. The key lies in whether the bank can be trusted. If it is trustworthy, it is much safer to go on the road with flying tickets than carrying thousands or tens of thousands of taels of silver.
The Jinhai Grain Road itself is supported by the Huaidong Military Division, and the establishment of the bank naturally relies on the reputation of the Huaidong Military Division. If these grain merchants do not trust the Huaidong Military Division, there is no need to go to the Jinhai Grain Road.
Come and have a kick.
"Of course, it is impossible for a bank to issue a coupon to a grain merchant for no reason. It is natural to collect coupons. As long as you make sure that you can exchange the coupon for cash when you bring it to the bank, you can get three or even five yuan for a hundred miles. I think the grain merchant
Everyone will be willing to do so." At this point, Lin Mengde's eyes flashed with gold. He was thinking about opening up financial resources for Huaidong, and suddenly he felt a sense of enlightenment. How could he not be excited? He continued, "From Jiangmen to Jimo or
From Huaikou to Jimo, in a normal year, the grain transportation volume is more than 1.5 million taels, and the price of grain collected in Jimo is only 1.5 million taels. This batch of grains will naturally be transported from Jiaozhou
It is another round trip to transport it from the Bay to Laizhou Bay; it is another round trip to transport it from Denglai to Jinhai. The amount of silver rolled back and forth in three rounds will total more than five million silver. Even if it is three out of a hundred, the potential ticket price
The annual income from interest will also reach 150,000 taels of silver. At the same time, we can see that in Jiaozhou Bay and Laizhou Bay, grain merchants can exchange notes. As long as we store a certain amount in the bankers in Jinhai and Chongzhou first
The amount of cash guarantees that the grain merchant can remit the cash as soon as he holds the note, and the transaction can be completed!"
"Mengde thinks how much principal does the bank need to prepare to ensure that grain merchants can remit cash with the receipt?" Sun Fengyi asked.
They are merchants who make their fortune, and they value reputation the most. The success of a bank depends on its reputation. Once a grain merchant fails to cash in on a note immediately, the bank's reputation will be destroyed, and business will no longer be possible.
"If we only issue flying tickets to grain merchants," Lin Mengde said, stroking his chin, "it seems that at the moment, the cash will be deposited in banks in Jinhai, and the cash will be withdrawn in Chongzhou with the flying tickets. Assume that half of the grain merchants will
We use the bank's flying tickets for silver settlement. We transport the silver from Jinhai back to Chongzhou on warships every two months, which requires a principal of almost five hundred thousand taels of silver."
"This is enough, but it cannot be guaranteed. If the wind and waves are dangerous and the silver ship is temporarily blocked halfway, there will be problems with the turnover here in Chongzhou. I see that if we really want to have insurance, we must have double the amount of insurance.
Cash silver is enough as the principal." Zhou Guangnan said, twirling his beard under his chin.
With so much capital invested, plus the risks and costs of running a bank, the profits are quite limited in comparison.
"If you just issue flying certificates for grain merchants, you don't need so much principal," Lin Fu said. "The Huaidong Military Division's silver reserve may be hidden in the military commander's silver cellar. If it is deposited in the bank's silver vault, there will be nothing."
The difference; in addition, the cash collected by the bureau and the remaining silver retained by each factory can be deposited into the bank for principal..."
Sufficient principal deposits are mainly needed to prevent runs. Sun Fengyi, Zhou Guangnan and others have been doing business for half their lives. Although they have just begun to have the concept of a bank, they can still consider runs.
No matter how tight the Huaidong Military Division's financial resources are, it will still have a certain amount of cash. There is no essential difference whether this silver is hidden in the Huaidong Military Division's silver vault or deposited in the bank's vault.
When it comes to the Lijin Bureau, Zhou Guangnan is familiar with it. The Lijin Bureau is almost one of the main sources of cash income for Huaidong Military Division, and it only settles accounts with Huaidong Military Division once a month.
Not counting the cash that has entered the Huaidong Military Division's hoard, the Lijin Bureau usually has tens of thousands of taels of cash in stock.
The yard's income settlement is once a quarter. Normal operations must be maintained, and the amount of cash on hand is even larger.
Iron smelting factories, silk cutting factories, and even Blackwater Shipping Company all have a large amount of cash in their hands to prepare for emergencies.
This extra money is for emergencies, and there is little chance that it will actually be used. This is the same reason that villagers don't dare to spend some money they have saved.
The remaining silver is concentrated in the bank's treasury. Firstly, it is convenient to store it in a centralized manner. Secondly, if the banker encounters a run on the bank, it can use this silver for emergency purposes.
In other words, as long as the amount of remaining silver deposited into the bank is large enough, the bank will require less principal.
After giving Lin Fu a word of advice, Zhou Guangnan seemed to see a new horizon. He changed his previous cautious attitude and leaned forward, saying: "What the Lord said is indeed a wonderful way to alleviate the bank's capital shortage! It sounds like a humble job.
, Maose suddenly opened up."
Lin Fu smiled slightly. Is there any bank in later generations that does not attract deposits from the public, but only relies on its own capital to lend external loans? He relied on the experience of later generations to win. When it comes to business calculations, he is no more sophisticated than Zhou Guangnan.
Of course, when the bank was first established, it had not established any credibility. It was unrealistic to attract public deposits on a large scale except for Caidong who contributed a certain amount of principal. However, Lin Fu could use the Huaidong Army to
The surplus silver of companies and many factories is deposited in banks. In the future, it may be possible to directly instruct the eleven counties in Huaidong to deposit fiscal surplus silver in banks, which will ensure that banks have a large amount of reserve silver.
Lin Fu smiled and said: "The benefits of the bank are not limited to these. Last year, the Salt and Iron Division transported salt and silver to Yanjing through our Shuiying warship. Chen Hansan controlled Xuzhou, and the bandits were between Bian and Si, and
It's a very powerful force. Zhang Yan still doesn't dare to transport salt and silver by land this year, but the bank can take over this matter."
"My lord's ideas are always unexpected. What I say is just right. I am really convinced by my humble position," Zhou Guangnan said with emotion. "Grain merchants deposit grain silver in Jinhai and use the tickets to Chongzhou to withdraw cash. This will cause trouble in Tianjin."
There is an imbalance of silver in Hainan and a shortage of silver in Chongzhou. The Salt and Iron Department deposits the salt and silver in the bank of Chongzhou, and we can allocate corresponding silver money from the bank of Jinhai to Beijing, which can actually make up for the imbalance mentioned above... We are short.
Shipping silver from Tianjin to fill up the troubles in Chongzhou, but it can do one more business, it is really great! This bank business can be done!"
Lin Fu looked at Sun Fengyi again.
Sun Fengyi thought about it carefully, and when he saw the system, the envoy looked over and said: "We can do the things in the bank."
The Sun and Zhou families were representatives of the maritime merchants who moved south. Although Zhou Guangnan and Sun Fengyi both served in the Huaidong Army, they could not willingly provide money to start a bank, and Lin Fu could not force them.
In this way, Sun Fengyi and Zhou Guangnan took the initiative to take a stand, which can be regarded as the first step.
Lin Fu said: "Okay. Wang Chengfu will stay here for now. You guys will draw up a plan first and consider everything carefully. The more principal the bank can gather, the better.
I'll go to Jiangning every few days to see if anyone there is willing to participate."
After the bank was established, lending was the basic function and did not need to be emphasized. However, Lin Fu did not mention that the Huaidong Military Division would borrow money from the bank to develop armaments in the future. This matter could not be discussed until after the bank was established.
Giving others too much scruples from the beginning.