On March 20, the second branch of Jinqi Bank in Tianjin Acropolis opened. The people in Tianjin Acropolis now had a place to exchange silver for banknotes, and they were very enthusiastic.
When paying taxes, you can use one or two banknotes as one or two cents of silver. It can be used whether it is to pay land taxes or commercial taxes. People who had changed their banknotes before took the banknotes to the "Taxation Bureau" to pay taxes and found that it is really useful.
, the tax bureau of Tianjin Government does recognize this kind of banknote.
In other words, this tael of "banknotes" looks like one tael, but is actually one tael and two cents of silver. If you exchange ten taels of silver for banknotes, you can immediately earn two taels of silver. So there is an endless stream of people coming to exchange banknotes.
Many people gradually discovered that this banknote was very useful as money, and merchants were happy to accept this kind of banknote.
Compared with silver and copper coins, these banknotes are much more convenient to use and carry. Coupled with the vigorous publicity in newspapers, more and more people began to use Jinqi Bank's "banknotes" for transactions in the streets and alleys of Tianjin.
In fact, the Ming Dynasty's commodity economy developed by the end of the Ming Dynasty, and there was a great need for a convenient and easy-to-use currency. In the Song Dynasty, the paper currency "Jiaozi" was very successful. It can be seen that the demand for paper money is actually very urgent among the people, and the key to the problem is still
Whether the issuer abides by the rules and whether it is spam.
The style and prestige of Jin Guogong Li Zhi are displayed here, which makes the people trust the banknotes issued by Jin Guogong.
Not only that, Jinqi Bank also launched mortgage loan business on March 20th.
The so-called loan is nothing more than borrowing money with real estate mortgage. The newspaper publicized it on the front page for a while that day, and the people immediately understood it. The newspaper repeatedly emphasized the characteristics of this kind of loan business-low interest rate, repeatedly emphasizing that one percent per year
How does the interest rate of five benefit the people?
Gradually, merchants who were short of money began to come to the bank to inquire about loan matters.
After asking this question, many people took advantage of the situation and applied for the loan. Now the judicial interpretation power in Tianjin and Shandong is controlled by Li Zhi, so there are no legal problems in the bank's handling of mortgage matters. Jinqi Bank only needs to deal with the merchant who borrowed the loan.
By signing a "contract", all loan and mortgage matters can be settled.
The first person to receive a successful loan was a pig farmer from Fanjiazhuang. The pig farmer originally worked in Li Zhi's national pig farm. After working for several years, he became proficient in raising pigs, so he thought about going out and opening his own pig farm. This is
People in Tianjin are getting richer day by day in recent years, the price of pork is very strong, and raising pigs seems to be a profitable business.
The pig farm needs to build pig pens, buy piglets, and buy feed. Money is needed everywhere. When he was short of money, he heard that banks could lend money, so he found Jinqi Bank.
He used his small villa as a mortgage and mortgaged it to the bank at the market price of 70 taels. The bank loaned him 50 taels of silver. In order to control risks, the bank could only lend 70% of the value of the collateral. The bank loaned him 50 taels of silver.
After all, we are doing low-interest trading, and we need to prevent the sharp drop in housing prices from causing a drop in the value of the collateral, leading to bad debts.
After the pig farmer got the loan, he immediately started his small pig farm. The pig farm seemed to be going smoothly. Calculating the bills, the pig owner could earn more than sixty taels of silver by the time the pigs were put out for slaughter. In this way
The income is much better than being a swineherd.
Boss Zhu's successful case was vigorously publicized by "Tianjin Daily" and "Shandong Daily", so more and more people came to the bank for loans.
Jinqi Bank's largest loan in March was to an enlightened landlord.
This landowner's surname is Chen. He has no official title and is considered a small landowner. He used to bribe government officials in Qing County, so he was not pressured by the officials to get too much land tax and has been guarding the family's ancestral property. When Li Zhijun paid land tax, his family
Because the land tax was not exempted in the first place, and there was no phenomenon of unruly people making contributions, it had no impact. After Li Zhi completely took control of Tianjin, he began to actively move closer to Li Zhi.
Hearing that Li Zhi encouraged bank loans and the development of water conservancy, he simply loaned Li Zhi five thousand taels of silver to build a reservoir in Qing County to irrigate 1,500 acres of wasteland.
Nowadays, the whole of Tianjin is under the management of the court, and the social order is very orderly. The original social atmosphere of you making the cake and me grabbing the cake, using power to seize the achievements of others has been completely eliminated. Now all over Tianjin, both enlightened landlords and farmers have launched
The climax of water conservancy construction. Nowadays, whoever builds water conservancy projects will benefit.
Therefore, the landowner surnamed Chen simply took out a loan to build the water conservancy project.
The 5,000 taels of water conservancy facilities were no small matter, involving a series of tasks such as buying wasteland, building reservoirs, digging canals, recruiting tenant farmers for farming, etc. The gentleman surnamed Chen came well prepared and hired several experienced water conservancy technicians.
Yue Shande chatted with the gentleman surnamed Chen for an hour and personally agreed to the loan.
The loan was secured by Chen's farmland. The appraiser from the bank's loan department valued one mu of dry land at thirteen taels of silver, and finally asked Chen to pledge 600 acres of dry land.
The loan department acted vigorously and resolutely. It received the loan request on March 22, and completed the procedures on the first day of April and released the loan. The landowner surnamed Chen immediately began to hire people to build the reservoir, saying that he would rush to build the reservoir before the winter wheat was sown in September.
and water canals were built.
This water conservancy project was also regarded as a typical case and reported in the "Tianjin Daily". As a result, in April, Jinqi Bank received many loan requests from landlords, farmers, and even tenant farmers for water conservancy projects. Many of them were operable
Very tall project.
There were even seven small landowners who jointly borrowed 40,000 taels of silver to build a water dam and irrigate their fields.
In order to evaluate these projects, Li Zhi even hired five veteran technicians from Jing Yishan, who was engaged in water conservancy in Shandong, to serve as appraisers for water conservancy project loans.
Not only are there many loan projects for water conservancy projects, but there is also a strong demand for loans from various breeding industries, construction industries and traditional handicraft industries. Nowadays, the income of people in a town in Tianjin is getting higher year by year, and the demand for various products has increased.
A good opportunity for some skilled talents to expand their operations,
The original gentry who made their fortune purely by being unfaithful to the people and donating land have been suppressed by Li Zhi, and have completely lost their former wealth and power. Some of them have no other ability except to bully others, and now they even live solely on their previous savings. In a few years
Even food and clothing became a problem.
And some landowners, farmers, tenant farmers, farmers and craftsmen who are good at business and have vision have received development opportunities under Li Zhi's rule. With the support of the bank, these new and visionary talents can gradually become stronger and bigger.
Develop agriculture, breeding and handicraft production in Tianjin.
Li Zhi’s Jinqi Bank is the catalyst that allows these new talents to achieve success quickly. Projects, breeding farms and handicraft workshops that originally took several years of accumulation of wealth are now no longer required to wait. All you need to do is take out your home and fields.
If you put your land as a mortgage, you can get a loan immediately.
Since Li Zhi's Jinqi Bank has real estate as collateral, it basically bears no risk when issuing these loans.
As loans were issued one after another, projects started one after another in Tianjin. Tianjin under Li Zhi's rule became increasingly prosperous.
Li Zhi believes that as banking business gradually expands to Shandong, Shandong will also usher in a period of development like Tianjin.
