No matter how rough the means are, people without strength can't play it. Not to mention the initial capital investment, how to hook up with the Russian aristocracy is a problem.

You know, the Russian aristocracy is the most conservative existence in Europe. A capitalist wanted to sell at his door, but he probably couldn't even see anyone, so he was kicked out.

Even if the sales pitch is successful, in case you meet a greedy nobleman, you may be directly hacked by someone for the bond, and you won't get the last shilling.

Although I didn't worry about competitors, the secrecy was still done, otherwise the tsarist government would patch it in advance, and then it would have to wait for Alexander III to pay back the money.

On the surface, this era was the age of the gold and silver standard, and the currency did not seem to depreciate. In fact, in Franz's view, as long as the production of gold and silver continues to increase, inflation cannot be avoided.

Price stability is also relative, and more than ten years is enough to change many things. In the second industrial revolution, as long as the investment is right, it is not easy to make several times the profit.

The Industrial Revolution involved too many projects for Franz to take care of, and that's when venture capital firms could come in.

Although the concept of "venture capital" has not been proposed, it has always existed. I have heard that the one who can be familiar with Lu Buwei is a successful venture capital.

Spain also financed Columbus's discovery of the New World in Europe, which ushered in the Age of Discovery and established the first empire on which the sun never set.

These are just success stories, and there are many more failures. History books have told the world that venture capital is a high-risk investment.

The risk is high and Franz can afford it, and the cost of investing in emerging industries in this era is very low. Basically, they all fund technology research and development, and reinvest in building factories with results.

Even if the investment fails, as long as the harvest has relevant patented technology, the business is not too much of a loss.

Unfortunately, it is difficult to find projects, this is the second industrial revolution, and there are not as many projects as in later generations. In addition, due to the inconvenience of communication, it is difficult to achieve effective supervision.

After much hesitation, Franz abandoned his plans to set up a venture capital firm. There has never been a shortage of smart people in the world, and venture capital in this era is not non-existent, but it is limited to a small range.

It is completely impossible for a venture capital firm to invest in hundreds of projects, as later generations have done. The operating costs of a company alone can crush a company.

After all, the real economy is not the Internet, it is impossible to get rich overnight, and it is difficult to go public and make money before you can't see profits.

……

Wells Fargo's actions quickly attracted the attention of well-intentioned people. At first, everyone thought that Wells Fargo Securities was deliberately releasing good news, or that the Russian-Austrian negotiations had taken a turn for the better.

However, in September, the dust settled on the negotiations between the two countries. The Russians will continue to pay their debts, albeit with a five-year delay. The promised collateral is now only a nominal cash.

For example, in the case of mortgaged tariffs, part of the Russian tariff revenues are now used to pay off debts. The specific amount is a bit touching, about 200,000 Aegis per month.

The total amount of collateral income added up did not exceed 500,000 Aegis, which was less than one-sixth of the funds that actually needed to be paid.

Liquidated damages naturally did not exist, and the tsarist government had no money, and being able to repay the principal and part of the interest was considered to be a face-saving payment.

There is no way, it is the uncle who owes the debt. The Vienna government can only collect as much as it wants, and the rest will be paid back slowly after the tsarist government's finances return to normal!

With so much money in total, of course, priority should be given to repaying government-guaranteed policy loans. As for private loans, it is a pity that we can only wait for the future to consider.

Not to mention bonds, when they expire, they will discuss this issue, and it will be impossible to pay them in advance, and the tsarist government will not be able to speak.

Since you dare to worry about the high interest they give, you must be prepared to lose the principal. When the Russo-Prussian War broke out, some financial experts issued warnings.

Although the Russians did not say that they would not pay it back, everyone still knew very well that it would be difficult for these bonds to be paid normally.

The tsarist government's finances improved, this is a false proposition. As long as the Russian bureaucracy is not purified and the problem of government is not solved, the finances will never improve.

It is a hundred times more difficult to purge the rule of officials than to reform the system. No matter how you make a rule, you need someone to enforce it, and that's the loophole.

It is a good way to kill people, but unfortunately there is no tradition of killing nobles in Europe, and Alexander II did not have the courage to set a precedent.

Franz invented a system of civil service examinations, which also failed to solve the problem of corruption. Even bureaucrats from civilian backgrounds are even more ruthless in corruption.

It's just that this created the conditions for Franz to kill and stand up. The Anti-Corruption Bureau has something to do, and it can often catch a few idiots and make an example of the bureaucracy.

After having a comparison, if you deal with the aristocracy and bureaucracy, everyone will not think that the emperor is ruthless.

Look at the fact that other people have been killed, and the nobles are just taking the title and squashing in prison, so they are taken care of.

Moreover, this title is only the end of the lifelong aristocracy, and the hereditary noble title will still be inherited by the second heir in line.

The reason is not yet a crime, but an insult to the glory of the nobility. That's right, the European aristocratic culture is also demanding, and it is still of high standard.

It doesn't matter what you do in secret, if anyone violates the noble code of conduct on the surface, everyone will be criticized.

After many aristocratic bureaucrats were arrested, they could not stand the pressure of public opinion and directly chose to commit suicide. When people die, the matter will naturally pass.

Maybe this is ridiculous in the eyes of later generations, anyway, you can't die, you can come out after a few years of prison limelight, and continue to live a life of a superior person, why do you need to commit suicide?

But in this era when glory is higher than life, in order to maintain the glory of the family, the life of the individual is secondary.

Under external pressure, although corruption cannot be eradicated, at least let them rein in. Few officials in Austria dared to do things like the tsarist government's direct embezzlement of public funds and open solicitation of bribes.

This kind of operation is something that the Russians can't learn. On the one hand, the aristocracy was too powerful, including the reform of Alexander II, which was also a salvation movement initiated within the aristocratic class.

On the other hand, it is a question of knowledge popularization. Compared with European countries, the literacy rate of Russians is generally low, and even when civil service exams are conducted, there are few civilian children.

How can there be pressure on the aristocratic bureaucracy if there are not enough of them? If there were only a few people, it is estimated that they would have been suppressed as soon as they entered the officialdom.

Compulsory education has been going on for so many years, even if only one percent of them enter university, Austria still has 20,000 or 30,000 people entering university every year, and this number can be magnified more than ten times by the middle school level.

Austria's biggest advantage is the large talent pool.

Quantitative change causes qualitative change, and many obscure existences in the original time and space have now become the leaders of the times; Once a famous figure, now it has the meaning of being unknown to everyone.

It turns out that the environment is really capable of changing a person. Franz is not superstitious about the celebrity effect, he believes that the butterfly effect is enormous.

Before he came up with results, in his eyes, the celebrities in the Central Plains and time were not much different from ordinary people.

After all, scientific research is full of coincidences, and perhaps on another day, with a different laboratory, the final outcome may change.

Even Austrian scientists, who were born a little later, may have been lost by butterflies. This kind of thing is too common, as long as the original parents have an accident, or the time of intercourse changes, and the sperm and egg that are finally conceived change.

Even if you have the same name, you're actually a different person. To do this, it is enough to work overtime or take a holiday.

The celebrity development program was a fallacy from the beginning. Instead of engaging in these uncertainties, it is better to carry out impulses.

As the number of talents goes up, the number of geniuses naturally increases. In fact, those who can go to college in this era are the elite of the elite.

If you are not able to go to college and want to go to college, you can only pay for auditing, in case you are a late bloomer and finally pass the graduation assessment, you can also get a graduation certificate.

As far as Franz knew, there were currently a bunch of auditors at various universities in Austria. These people are not in it for a diploma, they just want to improve their abilities.

After all, those who can afford it are all proper rich class, and it doesn't matter if they have that diploma or not.

It's not that anyone can afford tens of thousands of Aegis tuition, which is the price of a villa in Vienna. If you convert it to the 21st century, it will be hundreds of millions.

The Ministry of Education intends to increase the number of universities to provide a platform for these wealthy children to receive education. After all, these people are all financiers, they can charge high tuition fees, and they can also make a lot of money every year.

Franz knew that it was only a matter of time before such a university appeared. It is never difficult for wealthy people to pursue higher education.

If you don't have one in China, can't you study abroad? Nowadays, it is not popular to study abroad in Austria, because the quality of education in China is already among the best in the world, and it has a large number of network resources.

For many capitalists, sending their children to study is to accumulate connections and lay the foundation for future development.

Without these benefits, the cost of studying abroad can at least save most of it, so why should they fight with domestic universities?

Taking the University of Vienna as an example, if you are officially admitted to the university, the tuition fees for several years add up to just over 1,000 Aegis, and you can also apply for student loans.

And the cost of auditors is directly fried to 80,000 Aegis, don't be too expensive, there are a total of 30 places, which is completely in short supply. If it doesn't matter, you can't get it at all.

This price is not only the price of learning, but also the added value of networking. As one of the top universities in Austria, it's worth the price.

Austria has more than 40 universities, large and small, and the number of students admitted to each university is basically only 5 or 600 per year, and the maximum number is about 1,000.

In the case that the university does not expand its enrollment, this place is naturally very expensive. Unless it is really a relationship, no matter how rich you are, there will be at most one auditor place.

As far as Franz knows, every year the children of the big nobles who enter the university through the back door are in the single digits, and most of the time there is still none.

If the children of the great nobles have passed the family education and cannot be admitted to the university, then there are only two situations: either they are not suitable for studying; Either that's a gentleman.

Think about it, the teacher gives you lessons every day, and you can't get into college, what else can you say? Not to mention 100% of the original questions, at least you have done every question type. With such a big advantage, there is really no way to go ashore.

Since it's a waste, for the sake of face, everyone won't put these children in college and be ashamed.

It's easy to add a university, but is anyone really buying it? Entering the university is accumulating contacts at the same time, why don't you have the heart of your parents to hope that their son will become a Chan?

And a school full of such people has been lowered in grade. In addition to mixing diplomas, Franz was very skeptical about how much knowledge he could learn.

The reputation of the auditors is indeed not good, but every year, some of the auditors achieve a counterattack and finally get their graduation certificates.

These successful cases are also a factor that trends everyone to move forward and succeed.

Accumulating a network of contacts, to put it bluntly, is to contact people who are stronger than yourself, and if you are surrounded by the same or lower level, this relationship will not be so useful.

The grade has been lowered, and the cost can not be reduced. Otherwise, in the end, the Ministry of Education will need to allocate funds to keep the school running, and Franz might as well use the money to build another university and train people who will be useful to society.

……