It happened that Song Bo came to Jiangning to report on his work, and Lin Fu intended to transfer Song Bo to the north. Song Bo also moved his wife and children from Quanzhou. During the Lantern Festival, Song Jia went back to the Song family's new mansion in Jiangning to meet Song Bo and his wife.
Get together. After Song Fu came back from the Privy Council, Song Jia learned from his father that Lin Fu had just decided to advance the decisive attack on Shangrao to the spring and summer of this year. Before returning to the palace, he went to Chen Yuan to talk to Lin Fu.
The military situation between the north and the south was very tight. Even if he would go south to supervise the war in the near future, Lin Fu could not spare much time to accompany his wife and children. Before going to bed, he still read the papers from various places in the Dongyuan Library, but he did not hesitate to have his daughters come to accompany him.
It's just that the five children like to be noisy rather than quiet, so they won't disturb Lin Fu by entering and leaving Dongyuan at will at this time.
Song Jia walked into Dongyuan and saw Lin Fu buried in front of the case, leaning against the door and watching the light of the oil lamp falling on his face, which made his profile look cold and serious. It can be seen that he was still suffering a lot in his heart.
pressure.
Lin Fu raised his head and saw Song Jia standing at the door, and smiled: "Why are you standing there?"
"I just met my father," Song Jia said, "Are you going south to supervise the war?"
"Well," Lin Fu nodded and said, "Will you accompany me there?"
"Really?" Song Jia was reluctant to leave. When she heard that Lin Fu asked her to go south together, she couldn't hide the joy in her eyes. It was not like her who was usually resourceful. The affection she showed for her daughter made her even more excited.
Her face is as charming as a flower.
Knowing that the girls could enter and leave the study hall at will, Song Jia felt happy, but she did not get too close to Lin Fu, so as not to upset the girls. She sat down in front of the case and said to Lin Fu: "Changshan Army advance in advance."
Going south, the military expenditures originally planned to be spread over the whole year will be intensively consumed before the summer tax is paid. Not only can Luzhou not stop, but more resources must be invested to prepare for losses on the Western Front - there is a shortage of money and food, how are you going to solve it?
?”
"This time I plan to officially print registered bonds in the name of the Privy Council, and let the bank buy some of them, but I will sell more to Jiangning and Jiangnan gentry and merchants to raise funds for the army," Lin Fu said, "The war meeting
To incur a huge amount of expenses in a short period of time, we must borrow money to spread the expenses over the next ten, twenty, or even decades. Whether it is borrowing money from banks or printing and selling bonds to borrow money from the gentry and merchants,
It can also increase the sense of responsibility of these people towards the country..."
Traditional central finance has only one way to increase taxes when revenue and expenditure are tight. The direct consequence of the increase is that the people are overwhelmed, local production will be affected to a greater or lesser extent, and most seriously, local production and order will be affected.
And collapse.
The core of the new policy implemented by Lin Fu in Jiangning was to reduce the burden on the middle and lower classes. Even if the annual income may drop significantly in a short period of time, the priority must be to restore local production.
As for the contradiction of central finance being in short supply, war expenses could be spread equally to the post-war central finance through borrowing.
This model has long been widely used by later modern countries, but it was still quite shocking at the time. However, it had borrowed money from banks in the early stage to pave the way. This time, the public printing of bonds will not arouse too fierce opposition.
Speaking of bonds, that is, the imperial court borrowing money from the private sector, Lin Fu had asked Chen Huazhang to write several articles in Di Bao to discuss the matter. He had already told the gentry in Jiangnan to have some understanding of this matter, and was only waiting for it to be officially implemented this time.
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On the eighteenth day of the first month of the fifth year of Yongxing, there was a meeting in the Chongwen palace. Lin Fu petitioned in front of the palace to go south to supervise the war. He also petitioned in the name of the Privy Council to print and sell war bonds to the gentry and merchants of Jiangnan for the defense of Luzhou and Xuzhou.
Needed for the war in Quzhou.
One issue of registered interest-paying bonds was printed and sold for 4 million yuan (calculated as one dollar equivalent to one tael of silver), and the bank was responsible for selling it in seven prefectures in the south of the Yangtze River.
Although the central expenditure model created by Lin Fu had a great impact on the traditional thinking of officials and gentry, the situation in Jiangning was able to maintain without collapse last year thanks to the two total sums of Huaidong Bank.
The fact that the loan amounted to five million taels was difficult for officials and gentry of both the ruling and opposition parties to deny.
Just like having sex for the first time is always difficult for a big girl, once things have a precedent, the rest will be much easier.
The annual interest rate of printing and selling registered bonds is only half of the bank loan. Although Cheng Yuqian, Zuo Chengmu and others felt that Lin Fu's proposal was unprecedented and exceeded the imagination of ordinary people, there was nothing wrong with trying it.
Not only were the government and the gentry easy to accept this kind of initiative, but the Huaidong bank had been raising capital in the Jianghuai area for several years. This time, the bonds were printed and sold directly in the name of the Privy Council, which was not fundamentally different from the bank raising shares.
, it’s just that the credit carrier is stronger and more worthy of the public’s trust, and it will not be particularly difficult for the public to accept it.
Taking into account the funds raised for this plan, Huaidong's previous loans from the bank, and last year's funds raised by the Jiangning government office and household department from the bank, the total loan amount will be as high as 12 million taels of silver, almost
It is comparable to the central annual revenue in previous years.
The gold, silver and materials Yanhu plundered through the war may have been more than 120,000 taels of silver, but after Yanhu invaded the south and established the dynasty, all he got was some residual land. In the past five years, the Northland left
Complete recovery is still far away. When the Yanhu military strength increased to 400,000, it was already difficult to continue to expand.
In comparison, Jiangning (Huaidong) has been able to maintain frequent wars in the surrounding areas over the years. Jiangning City was once captured by the rebels, and its ability to avoid collapse in the end actually relied on this branch model to a considerable extent.
This model has minimal damage and impact on local production. It even enhances central purchasing power by accumulating excess capital, causing more gold and silver to flow into the commercial field, and has an unimaginable promotion effect on local production.
Of course, although the bank loan or bond model is good, it is based on the credit system and cannot be easily imitated by other forces.
In the early years, Lin Fu and Gu Wuchen jointly promoted the growth of the Dongyang Township Party in Jiangning. In the mid-term, they ran the Jinhai grain road and Chongzhou, and received support from the Maritime Group and local forces in Chongzhou. The original Huaidong Bank was established on these three
above the power.
In the later period, with the expansion of power in Huaidong, banks were able to gradually penetrate into Jianghuai, Fujian and Zhejiang and other regions, and then laid a deep foundation. It was also for this reason that Lin Fu wanted to print bonds directly in the name of the Privy Council this time, called
Huaidong Bank sold them on his behalf to raise money and food for the war.
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By the end of January, the main force of the Changshan Army that had been stationed in Yijiang and Luzhou in the early stage started to move south from Yuling Pass to join the battle. Cao Ziang went out to town Luzhou as a propaganda envoy to supervise the military and civilian affairs of Luzhou and Yijiang.
Following Cao Ziang's westward march, there were two battalions of cavalry led by Sun Zhuang and more than a hundred generals at all levels including Huang Zuyu to supplement the money defense vacancies on the western fronts such as Luzhou and Yijiang after the main force of the Changshan Army was transferred south.
.
At the same time, the secret order of the Privy Council issued directly by Lin Fu was also delivered to the Chizhou Army's camp at Xiaocang Mountain in Congyang.
"Lin Fu said in such a loud tone, let alone the Privy Council's order, it was an imperial edict, and 'I will not grant any orders from the foreign king'. Why does he, a pigherder, call his father a commander-in-chief? He must capture Huangmei County before April.
The whole territory?" Yue Duming said angrily when he saw the Privy Council Order signed by Lin Fu.
Although the Privy Council has not yet given Chizhou's generals and generals a particularly deep sense of presence, Deng Yu ignored Yue Duming's complaints and looked at Yue Lengqiu to see how he would make up his mind.
"In his memorial on January 18, Lin Fu also clearly stated that one million taels of silver would be used to pay for the construction of the Luzhou defense zone out of the first phase of the bond sales by the Privy Council. His intention is self-evident.
"Yue Lengqiu sighed softly.
Deng Yu nodded and said: "Huaidong's intention to manage Luzhou on the western front is actually to prevent the situation on the western front from going wrong. If the Cao family abandons Guanzhong and retreats to the two rivers, Hezhong and Nanyang will soon fall one after another. Luo Xiancheng
They had colluded with Yanhu for a long time. Yanhu soldiers and horses moved south from Suizhou. In the end, Chizhou army and Yanhu soldiers and horses were the first to fight. Now that Lin Fu is running Luzhou so carefully, if we can't gain a foothold in Shannan by then, Huaidong will be the first to fight.
We will never be allowed to return to Luzhou..."
Listening to his father, Deng Yu analyzed it. Yue Duming's irrational mind due to anger gradually calmed down. After careful consideration, he realized that Lin Fu had the confidence to ask the Chizhou Army to capture the entire territory of Huangmei within a limited time.
Even if the Chizhou Army considers its own safety, it must capture the entire Huangmei County as soon as possible. Only in this way can it be possible to build a solid defense line at the southwestern foot of Huaishan Mountain, defend the strategic area, and connect with Jinghu Lake to form a horn with each other.
Otherwise, when Yanhu takes Guanshan and Luo Xiancheng surrenders, hundreds of thousands of enemy troops will directly attack the Chizhou Army, which has an unstable foothold.
Lin Fu devoted himself to running Luzhou, and Luzhou was always a sharp knife at Chizhou's waist.
When the situation on the Western Front collapses, if the Chizhou Army cannot retreat to the Luzhou Defense Line and cannot establish a stable defense line at the dangerous southwestern foothills of Huaishan Mountain, it will have no other choice but to be destroyed - even if Lin Fu agrees to the Chizhou Army's retreat in the future.
When they arrive in Luzhou, they will obviously take the opportunity to reduce the military power of his in-law family.
Yue Lengqiu tapped his fingers on the table, frowning and said: "The Huaidong troops and horses gathered on the southern front will reach one hundred thousand in early March, and the attack on Shangrao will probably not be later than late March.
Lin Fu forced us to attack Huangmei's remaining city and Huanglong Ridge in order to contain the She family's Jiangzhou troops. This is not difficult to understand, but considering the time, Lin Fu gave us a deadline to capture the entire Huangmei County.
It should be earlier than the time for the decisive battle at Shangrao... Am I predicting the time for the decisive battle at Shangrao too early?"
"I also thought that the Huaidong Army's preparations for launching a full-scale offensive in Shangrao would be completed before mid-March," Deng Yu said. "Before everything is ready, the confrontation between the two armies in Shangrao will last for half a year. In fact,
There is no need to delay the attack for more than a month, unless Huaidong has other arrangements..."
"What other arrangements do you think the pigherder has?" Yue Lengqiu asked.
"Will Huang Binghao relapse?" Deng Yu asked.
Yue Lengqiu shook his head and said: "Chen Hansan is an outlier, but when the end of the road is over, what good will Huang Binghao do if he turns back to Jiangning?"
"No matter what, we should conquer Huangmei County first," Deng Yu said. "If the Huaidong Army can really cripple the She family at the turn of spring and summer and regain the entire territory of Jiangxi, even if Luo Xiancheng leads 20
The Wan Changle bandits defected to Yanhu, and there is still room for recovery."
Yue Lengqiu nodded and wiped out the She family first. Only when Jiangsu, Zhejiang, Jiangxi and Fujian are connected together can they have the strength to fight against Yanhu. Even if the entire Jinghu Lake becomes a battlefield in the future, at least they can control the Yangtze River waterway, and at least they can have Jiangnan.
With the land as a backing, at least you don't have to worry about being attacked.