Hearing these words, Deng Tingzhen realized that he had thought too much about the issuance of treasury bonds, and that without such behemoths as Yuanqi Bank, which monopolized the money of one place and one province, the imperial court treasury bonds would not have been able to be issued at all, and a plate of scattered bills and money banks would not have been able to undertake the issuance of treasury bonds at all.

Wu Bingjian was disgusted that what Yi Zhizhi said was not direct enough to understand, and said in a deep voice: "Contentment means to undertake the issuance of treasury bonds, and it must be Yuanqi Bank?" Can you elaborate on that? ”

Yi Zhizhi glanced at Deng Tingzhen, the imperial court has a great controversy over Yuanqi Bank, which shows that many people in the imperial court have a strong interest in issuing treasury bonds, but they don't know much about treasury bonds, this controversy is related to the life and death of Yuanqi Bank, and it must be said comprehensively.

After sorting out his thoughts, he spoke: "The issuance of treasury bonds does not damage the prestige of the imperial court, does not hinder the face of the imperial court, since the Holy Ancestor Shizong, breeds people, never increases, and then spreads into the ground, the imperial court's annual income is a certain amount, encountering special circumstances, or raising troops or disaster relief or large-scale project construction, it will inevitably be overstretched, and it will be impossible to make ends meet."

Under such circumstances, instead of adding to each other, not blaming the people, but issuing treasury bonds, this is an act of sympathy for the people's livelihood and cherishing the people, which not only does not damage the prestige of the imperial court and does not hinder the face of the imperial court, but can unite the people's hearts more.

The issuance of treasury bonds, in fact, is a move to benefit the country and the people, the imperial court can relieve the financial pressure through the issuance of treasury bonds, the people can get a lot of interest through the purchase of treasury bonds, even the small people can also benefit from it, there is another point that cannot be ignored, the people who have purchased treasury bonds are closely related to the imperial court, and will be more supportive of the imperial court. ”

Hearing this, Deng Tingzhen twisted his long beard and slightly bowed his head, this kid is not simple, he has three points of compassion for the people's livelihood, cherishing the people, and benefiting the country and the people, which not only dispelled the imperial court's concerns about the issuance of treasury bonds, but also blocked the mouths of many people.

"There are many benefits to issuing treasury bonds, but they must be issued through certain channels." Yi Zhishu paused slightly, and then said: "To put it simply, it must be issued with the help of a bank bank with strong financial strength, many semicolons, good financial credit, and will not easily go bankrupt.

Because when people buy treasury bonds, they should first consider whether the imperial court has credit, but whether the money bank that sells treasury bonds has credit, and whether it will go bankrupt before the maturity of the treasury bonds.

For example, a businessman in Xiguan, Guangzhou, bought a 100-year treasury bond with a maturity of 100 yuan at Taichang Qianzhuang in Xiguan, but it has not matured for three years, and Taichang Qianzhuang has closed down. It's impossible to go to the magistrate's office, to other money banks? If it is not a bond sold by our store, the money dealer will generally not cash it out to him, and even if it will be cashed, it must be discounted, not to mention the possibility of losing money. ”

In other words, when the common people buy treasury bonds, they do not believe in the imperial court, but believe in the money bank, and millions of treasury bonds are issued, and only a big money bank like Yuanqi, which is strong and reputable, and is not easy to close down, can help the imperial court issue treasury bonds.

After a pause, Yi Zhizhi continued: "There are many large number money banks in the Qing Dynasty, but most of them have a capital of only 10,000 to tens of thousands, and it is rare to have a capital of 100,000 yuan.

Yuanqi Bank is different, Yuanqi, which monopolizes a provincial bank in Guangdong, has branches all over the provinces, counties and towns in Guangdong, has perfect sales channels, abundant funds, and good financial credit, and it is impossible to go bankrupt easily.

In addition, the issuance of treasury bonds, the quality of the issuance channel is directly related to the size of the issuance, Yuanqi undertakes the issuance of treasury bonds, and can directly issue treasury bonds to the township level, which is incomparable with other ticket numbers and money banks, although I dare not say that it is necessary to undertake the issuance of treasury bonds, but only Yuanqi has the ability to undertake large-scale issuance of treasury bonds. ”

"When he says this, he will have a bottom in his heart." Deng Tingzhen said with a smile: "I wonder if Western countries also issue treasury bonds?" ”

Yi Zhishu nodded and said: "There are no large and small countries in the West that do not issue treasury bonds, whether it is a war or a famine, they will issue treasury bonds, but the interest rate on the treasury bonds of Western countries is low, the annual interest rate is only about 6%, and the interest rate of the British treasury bonds, which have the most frequent and close trade with the Qing Dynasty, is even lower, only about 4%. ”

"Only about 4% per annum?" Deng Tingzhen was surprised and said: Why is it so low? ”

"Because the UK has a well-established financial system." Yi Zhifu said bluntly: "Yuanqi Bank is modeled on the British financial system, aiming to continuously reduce the interest on deposits and loans in the Qing Dynasty. ”

Deng Tingzhen nodded and said, "Co-organizer of the University Scholar, Hubu Shangshu, Minister of Military Aircraft, Wang Ding Wang Butang sent a letter, interested in recruiting you to Beijing, are you willing to go to Beijing?" ”

Who is Wang Ding? Yi Zhishu didn't know at all, but he knew that the Son of Heaven who was holding the money bag of the Qing Dynasty was appreciated by him, and being an official was not a piece of cake, but Yi Zhizu didn't want to be an official of the Qing Dynasty at all.

Obviously, this Wang Shangshu has a very good impression of Yuanqi Bank, and now Jingshi has a lot of controversy about Yuanqi, even if he doesn't go, he can't offend people, and after a little hesitation, Yi Zhizhi said: "Lord Wang is very loving, and I am grateful, but now Yuanqi Bank is a critical moment of expansion, how dare I withdraw from it?" Moreover, he thought that taking care of Yuanqi in Guangzhou would be more beneficial to the imperial court than going to Beijing. ”

Seeing that he was still not moved, Deng Tingzhen twisted his long beard and said: "Wang Butang is an old minister of the three dynasties, upright, known as today's reliance, ten years in the household department, familiar with the economy, can be appreciated, and the progress can be expected, besides, the household department is more suitable for you to show your ambitions, and you may wish to think twice if you are content." ”

This is a sincere invitation, Yi Zhishu bowed slightly and said: "It's not that the kid doesn't know what to do, one is that the kid is young and has a crazy temperament, and the other is that Yuanqi is still only slightly rudimentary, and the kid hopes to experience a few years, and then consider it after Yuanqi is completely consolidated." ”

"It's rare to be young and not moved by fame." Deng Tingzhen said with a smile: "Okay, let you practice for a few more years." ”

"Thank you, Lord for your understanding." Yi Zhixiang hurriedly bowed down and thanked him.

"Go back and write a "Theory of National Debt" and submit it." Deng Tingzhen ordered: "Send it before noon tomorrow, the emperor and Wang Butang are waiting." ”

"Respect your lordship." Yi Zhishu hurriedly bowed his hand, but he secretly complained in his heart, but when it came to Yuan Qi's life and death, he didn't dare not be unreasonable.