There are still many things that they don't understand, and with the gradual operation of the first telegraph line in the Qing Dynasty, the transmission of information between the north and the south has become faster and faster.

Although the first phase of the project is planned to start from Beijing in the north to Shanghai in the south, it is not completely completed before it will be used.

For example, the line from Shanghai to Nanjing was completed, and the newspaper bureau began to provide telegraph services, and the transmission of information between the north and south of the empire could already take advantage of the speed of telegraphy intermittently.

It is precisely because of the latest communication network that everything that happens in Beijing can be quickly understood, for example, Lotte & Co. has just held a bravado-proud silver coin parade in Sijiu City, and then in Shanghai, Suzhou, Hangzhou, Nanjing and other places began to issue something called treasury bonds.

This is really a new thing, Lotte Bank actually broke up the contracted national debt, according to the printing procedure of military stamps printed a batch of small denominations of treasury bonds, the minimum face value is a dragon pattern silver coin, commonly known as one yuan coin, then twenty yuan, fifty yuan and one hundred yuan, a total of four denominations.

Small government bonds are issued to the public, and a high interest rate of 30% is promised within three years, and the 100 silver yuan treasury bonds can be exchanged for 130 dragon silver coins at Lotte Bank after three years.

In addition to offering high interest rates, Lotte Bank also promises that all merchants who trade with Lotte Bank, foreign banks, and the Ryukyu Kingdom with government bonds or Ryukyu military stamps will receive a 3% tax deduction.

Clear-sighted people have already seen that Lotte Bank is not going to issue the first credit currency in East Asia? Accept national debts, and then hijack national credit for paper money issuance.

This is a game of credit, the debts of the Great Qing Dynasty can not but be recognized by the Great Qing Kingdom, since I Lotte Foreign Bank has accepted it, the local governor is equivalent to owing me the money of Lotte Foreign Bank, I don't want you to pay back the cash to offset the head office with customs duties, right? Anyway, the economic and trade between Lotte and the Jiangnan region is very close, and the annual tax revenue is not more than millions of taels of silver.

Lotte itself has a very high credit rating in Jiangnan, and no one believes that the six million silver Xiao Caishen will not be able to pay it back, plus the Qing Dynasty uses taxes to guarantee it, which proves that this silver Lotte Foreign Bank can definitely pay off.

Risk-free 30% profit, this is a copy of the transaction, and the recognition of the vote or not the person to ensure the liquidity of this kind of bonds, the sudden lack of money in the hand can be easily cashed into cash these bonds.

Moreover, there can be a three-percent tax reduction and exemption for trade with bonds or military bills, which makes more businesses willing to accept this kind of paper, and the common people see that this thin paper can be used as a silver flower, and the merchants are still rushing to ask for it, and the credit degree of paper money is naturally higher.

There is no central bank in the Qing Dynasty, and the bureaucrats in the household department can't understand Xiao Letian's plan, and they stupidly think that Lotte is helping them.

My bank undertook a debt of 6 million yuan, but how many small bonds did I issue? I am afraid that no one in the Great Qing Dynasty knew about it, only the old shopkeeper Fan Yao and Xiao Letian knew that the bonds of 13 million dragon pattern silver coins were digested by the Jiangnan region, and Shanghai alone laughed at more than 5 million silver coins of bonds.

What? Are you afraid that Xiao Lotian can't afford to pay it back? This is really an international joke, as long as the credit currency is issued, no one will think of paying it back, and as long as the credit of this currency does not collapse, physical silver can only go in and not out.

There are many ways to increase monetary credit, but there are only two most effective methods, one is military escort, and the other is tax protection.

A strong military force can ensure the basic security of the institution or country that issues the currency, and as long as the tree does not fall, people can continue to enjoy the shade. And the guarantee of taxation can not refuse or even be willing to use this currency in the field of commercial circulation, and the more the field of commercial circulation likes, the more the people can accept.

Of course, there are many ways to maintain credit, such as safe gold and silver reserves, the formation of consumption habits, etc., but that's all an afterthought, Xiao Letian won't take too big a step because it will pull eggs, this year first play the six million debt, let the people of the Qing Dynasty get familiar with this kind of paper, and then issue other new bonds more easily.

"I can't understand it! I really can't understand it...... What kind of trick is this Xiao Lotian playing?" Just as Yi was muttering to himself, the sedan chair suddenly stopped, and when he looked up, he saw that Jingshan was already in front of him.

"Lord Wang, please get off the sedan chair...... Lin Shangshu from the household department is waiting for you...... "The housekeeper opened the sedan curtain and invited out Prince Gong, who was in a daze.

Under a few dark pine trees, Lin Shangshu was waiting for the arrival of the prince with his back against the wind.

"Lord Wang, be careful, don't lose your eyes when the wind is strong today......"

"Lao Lin, what are you doing here? The Queen Mother summoned her tightly, why don't you hurry up the mountain and wait for the heavy rain here?" said half-jokingly.

"Oh, my good lord, can I hide this from you today? There can be no other thing than to discuss the assassination of His Majesty...... But let me tell you the truth in advance, our household department has no money, there is no penny, if the dynasty is a soldier, I can only hang myself!"

"Zuo Zongtang has led troops into Ganxi at the beginning of the year, and at the same time he has taken away the last silver base of the five million treasury, and the 10 million taels of military expenses promised by the Queen Mother are still half of them, and I can tell Wang Yeming that there is no money in the next few years, don't expect the court to give Zuo Jigao a penny of silver......"

Yi?frowned and said, "Isn't this a thing of the past?" The remaining insufficient balance allows Zuo Jigao to raise his own funds, I heard that Hu Xueyan has a good relationship with him, didn't he promise to solve it for him?"

"Oh, Lord Wang, what I'm talking about today is not this, but the fact that the treasury has no money! The summer grain taxes in various places have not yet been deported, and even if they are sent, they will be returned to the hole first, and the Beijing officials have not paid all the money, and the flag salary of the Eight Banners is still owed......"

"Your Majesty was assassinated at this juncture...... Of course, His Majesty is auspicious and naturally killed, but the call for severe punishment of Japan in the government and the opposition is too high...... How many Hanlin are shouting that they want to send troops to Japan to punish this small country, but you have to be calm and calm, you can't use troops!"

"That's a national war! Win or lose aside, if you want to cross the sea, you have to rent a foreigner's warship, and you can't get off without a million taels of silver...... Speaking of the army, let's have no place to secretly say that the army of the national dynasty can still be used except for the Hunan army? Can't we really let the Green Battalion and the Eight Banners go abroad with big blades? Don't you need money to change equipment? Then you need another 1.8 million taels......

The old man's face was slightly red, of course he knew that the army of the dynasty could not be used, and what Tobe said was not wrong, if he really sent troops to Japan to show off his might, it would be a fantasy if he didn't have 2 million taels of silver.

"Lao Lin, you've thought too much, isn't there still Xiao Letian here? That's a Sun monkey who refuses to suffer, and he can't suffer a loss in His Majesty......"

Don't mention Xiao Letian, just mention Xiao Letian, the head of the household, his face changed greatly, and he quickly tugged on his sleeve, "The prince is here, ......" Lin Shangshu walked to a pile of cloth covered with oilcloth, and lifted the corner of the oilcloth to let the prince take a look.

"Look at this wood!"

Growing up in the Free Court, he was very familiar with precious things, and he gasped at that time, "Golden Silk Nanmu, such an old and coarse one, doesn't it mean that it is extinct......

Golden silk nanmu, is the most precious wood that can be found in ancient buildings, it is recorded that when Zhu Di built the Forbidden City, he once ordered to search the southwest mountains, cut down all the golden silk nanmu that can be used to build a temple, so that the later Manchu Qing Dynasty wanted to repair the three major halls and could not find suitable wood.

Golden silk nanmu is not extinct, extinct is actually a big material, to say that the royal family wants to make a bed, get a cabinet or something, of course there is no problem, but if you want to build the whole door and window or even as the main beam and column, this is absolutely impossible.

"My good lord, our Qing Dynasty is indeed extinct, but there are still in Annan! This is all transported by Fuqing Tuole Tianyang from Annan by sea, and the cost of each piece of wood plus freight can be 150,000 to 200,000 taels!"

"Lord Wang! To use such wood to rebuild Beihaijing Mountain, you say that six million silver is really enough, and if I want to see it, ten million is not enough!"

Hiss...... Yi gasped, "He is so rich! Could it be that the rumors on the street are true? Is he really the illegitimate son of the old dragon king of the East China Sea?"

Tobe Shangshu sneered and said, "We can't take care of that, but today I think we can take this opportunity to take advantage of the opportunity to make trouble......" As he spoke, he leaned into the prince's ear and whispered, the more he talked, the brighter his eyes became.

At the same time, in the Jingshan Qi Watchtower, Fu Qing was sitting on a chair talking with the Queen Mother, he had just rushed back from Tanggu, dealing with some sundries in the court and sending private money to the Queen Mother by the way.

"Queen Mother, these bonds will be issued in Beijing the day after tomorrow, looking at the situation in Jiangnan, this bond is not to be sold, and people have already gone to the bank's store to inquire......"

"I will send 600,000 taels of bonds to the Queen Mother today, you can spend it as you like, and you don't need to exchange it for silver coins, I estimate that it will take less than two months, and all the merchants in Beijing will have to collect all such bonds......

Ci'an looked at Qing Sanye's eyes and said softly, "You always spend money indiscriminately, the imperial court gave you a total of six million taels of famine, and you actually became so much cash, how much do you have to lose?"

"I don't know much about engineering, but that day I met Style Lei on the construction site, and I heard him reveal that this project will definitely be overrun, and it will be much more than ......."

"It's not worth spending so much money for me! Now that you've given me so much silver, don't you lose it!"

Fuqing looked up at Ci'an, the tenderness and sweetness in the eyes of the two, the eunuch and palace maid next to him were so frightened that they didn't dare to look directly, only to see Fuqing say in the most affectionate voice.

"I ...... Sincere...... Meaning ......"