As for how to raise this 10 million, Yi Zhizhi has been pondering since he came out of the Qin Mission, although Yuanqi Bank has a strong principal, but Yuanqi's stall is too big and too fast, and its expenses are not ordinarily huge, as the big shopkeeper of Yuanqi, he knows this best.

Changhua Iron Mine, Foguang Railway, Machine Silk Reeling Factory, Machine Sugar Mill, Changzhou Shipyard, Luoxi Ammunition Bureau, Yuanqi Group Training, etc. are not ordinarily large, in addition, he also allocated a large amount of money to the various branches in Jiangnan for the acquisition of the local money Zhuang Yinhao, now the British army is messing up Jiangnan, people are panicking, the market is panicking, it is a great opportunity for Yuanqi to take advantage of the void, he will naturally not miss it.

If you pay another 10 million for the purchase of treasury bonds, it is not as simple as breaking your muscles and bones, and if there is a slight disturbance, you will face the risk of bankruptcy, where does he dare to let Yuanqi Bank pay this huge amount?

And Wu Bingjian couldn't wait to ask him how to raise this silver, and his attitude was also clear, the Wu family was unwilling, or unwilling to absorb large amounts of national debt.

Yi Zhishu originally did have the intention to let the Wu family come forward to subscribe for a large amount of treasury bonds as an example, so as to promote the issuance of treasury bonds in Guangzhou and Guangdong, and the thirteen lines of businessmen, the real strength is the Wu family, the Pan family and the Lu family, among the three, the Wu family is the strongest, with at least fifty or sixty million wealth, how can he not make up his mind?

However, seeing that Wu Bingjian had this attitude, he couldn't say it directly, and after a slight sigh, he said slowly: "The purpose of undertaking this national debt is to reassure the imperial court!" It was to fight for time and space for Yuanqi to develop, so I did not bargain with the imperial court, nor did I shirk, but promised with all my mouth, and the interest rate offered was also quite low.

Of course, it is not without benefits for Yuanqi to undertake this national debt, if it controls the Jianghaiguan, it is equivalent to controlling Shanghai, which is equivalent to controlling the largest trade port of the Qing Dynasty in the future, which will lay a solid foundation for Yuanqi to form a trade monopoly in the future, it is no exaggeration to say that Yuanqi will replace the thirteen lines, monopolize the foreign trade of the Qing Dynasty, and this monopoly is not given by the imperial court, neither need to be subject to the imperial court, nor do you need to suffer from the imperial court's excessive exploitation.

The current situation of Yuanqi Bank is quite difficult, this does not need to be repeated, let Yuanqi Bank pay this expenditure, obviously impossible, I carefully pondered, there are two ways, one is to publicize in the newspaper, hold activities, and call on all officials, gentry, businessmen and ordinary people to actively subscribe to the treasury bonds, of course, all the shareholders of Yuanqi, the staff under their names must play an exemplary role.

In addition, it is to borrow from the ticket number at a high interest, the interest rate difference is borne by Yuanqi, the interest rate of the treasury bond is eight percent, and Yuanqi can not make up a few percent, so that the imperial court can recognize Yuanqi, rest assured that Yuanqi, and let Yuanqi control Jianghaiguan, which is not worth mentioning at all. ”

Wu Bingjian glanced at him quietly, without saying a word, Wu Changqing hesitated: "The interest on treasury bonds is not as high as the interest on deposits in Yuanqi Bank, will anyone be willing to subscribe for treasury bonds?" ”

This question is really asked, Yi Zhishu has also considered this problem, whether it is the officials and gentry or the businessmen, most of them have no patriotic thoughts, the country's thoughts are very weak, let alone patriotism, and the national debt is completely a new thing for the Qing Dynasty, I am afraid that not many people agree, if the interest rate is low, it is estimated that no one cares about the dismal end.

After smiling, he said: "If the treasury bonds are launched according to the deposit interest rate of Yuanqi, what will be the effect?" If it's two percent higher than the odd rate, what is the effect? A two-percent or even four-percent interest rate differential will not be much pressure on Yuanqi. ”

"If you don't worry about Yuanqi, you should always rest assured about the imperial court." Wu Changqing said with a smile: "In this way, it should be able to absorb a lot of silver." ”

"Not necessarily." Wu Bingjian said in a sullen voice: "In troubled times, the silver is the most reassuring and down-to-earth in the hand, and now that the war is not over, the issuance of treasury bonds will increase panic, but I am afraid that it will be difficult to implement smoothly." ”

"Not necessarily." Yi Zhizhi said without hurry: "Yuanqi regimental training two battles and two victories, many people now believe that Yuanqi regimental training is enough to protect the safety of Guangzhou, and furthermore, the main force of the British army is the navy, and it will not go deep into the interior, and the war is limited to coastal prefectures and counties." The imperial court borrowed money to fight against the British army, and there was both the guarantee of the Yuanqi Bank and the high interest rate to be earned, as long as the publicity was in place, I believe that it would be able to absorb a lot of deposits.

In addition, for the treasury bonds, I have another wonderful method, which is enough to stimulate the enthusiasm of everyone to subscribe, but this method, I still go back to discuss with the treasurers in detail. As he spoke, he turned his head, "Pinghu Gong don't worry, it's only 10 million, it's hard to help Yuan Qi, but when the Wu family needs to throw bricks and attract jade, Pinghu Gong don't hesitate, within 500,000, it's not a big problem, right?" ”

Hearing that there is another wonderful way to implement the national debt, Wu Bingjian is also quite curious, but listening to the tone of this, it is obviously not mature to think about it, and it is not easy to ask in detail, and he sighed slightly, before he said: "This matter is not small, and it is safe to be content." After a pause, he said: "Don't talk about throwing bricks and attracting jade, even throwing jade and attracting bricks, the old man will not let contentment down, be content and let go." ”

Yi Zhizhi was happy in his heart, and hurriedly shook his head and said: "With the words of Pinghu Gong, you can rest assured in the next place." As he spoke, he looked at Wu Changqing and said: "Subscribing to the treasury bonds, Tianbao Watch Factory will also play an exemplary role, I will subscribe to the treasury bonds with all the profits, does Changqing have any opinions?" ”

Wu Changqing said with a smile: "It's not that there are no dividends this year, and I don't mean to live on that silver, what opinions do you have?" ”

"Okay." Yi Zhishu stood up as he spoke, and arched his hand: "I want to reply to Lord Qincha tomorrow, and I will rush to the Yuanqi General Account in the next year." ”

Hurried back to Xiguan, entered the Yuanqi general number, Yi Zhizu looked at the pocket watch, it was eleven o'clock, this hour, it was already very late, he estimated that Kong Jian'an and Xie Xiuyuan had already slept, but he still told Menzi to call the two.

In Rong Yuan, Jin Ying had already fallen asleep and was awakened by the sound of knocking on the door, she quickly got up and rushed to the gate of the courtyard, and said vigilantly: "Who?" ”

"Who else?" Yi Zhizhi said: "Open the door." ”

Listening to Yi Zhi's contented voice, Jin Ying secretly wondered, why did he come over at this hour? When she opened the courtyard door, she hurriedly asked, "What's so urgent, still rushing here at this hour?" ”

"Brew a pot of tea." Yi Zhizu raised his legs and entered the courtyard, so he ordered: "Brew strong tea, and the shopkeeper and the shopkeeper will come over in a while." ”

Hearing this, Jin Ying secretly breathed a sigh of relief and muttered, "What time is it?" Immediately, she realized that something was wrong, and hurriedly said, "Yuan Qi is in trouble?" ”

"What's the matter, I'm hoping that Yuanqi is in trouble? Or are you hoping that I am in trouble, young master? ”

"How can I be?" Jin Ying smiled and said, "What kind of noble person is the young master now, and the sugar mill all depends on Yuan Qi, don't people care." ”

"When I grew up, I still know how to care about people." Yi Zhishu quipped: "You are also not too young, do you want to find a mother-in-law for you, young master?" ”

"Who's the boss?" As soon as the words came out, Jin Ying felt that something was wrong, and quickly changed her words: "Senior sister's affairs, you don't have to worry about it." ”

Yi Zhizu chuckled and said, "Shouldn't there be a good match?" ”

"Who's got along?" Jin Ying's little face burned, and she hurriedly quickened her pace and said, "I'll go to the lamp." ”

Yi Zhishu was not in a hurry to enter the house, slowed down and paced in the yard, this war, at least until the year after tomorrow, if Yuan Qi meddled in the practice, it was very likely to drag on longer, the imperial court issued treasury bonds, the period will not be short, it is estimated that it will be at least five years, or even ten years, although from Yuan Qi's long-term considerations, he does not hesitate to lose money and make money, but these years are also the key years for Yuan Qi to seize the opportunity to develop rapidly, what he wants is silver, of course he does not want to lose money.

"The big shopkeeper." Kong Jian'an, Xie Xiuyuan and others hurried over, and Yi Zhicontent, who saw him, was pacing in the courtyard, and hurriedly stepped forward to salute, both of them knew that they must have encountered an emergency, otherwise it would be impossible for Yi Zhixiang to come to the general number at this time.

"Come on, let's go into the house." Yi Zhizhi was not polite, took the two of them straight into the study, opened the window, handed each of them a cigar, and lit one himself, and then slowly told Yuan Qi about the inheritance of a former 10,000 national debt.

At this time, undertake 10 million fruit bonds? Kong Jian'an and Xie Xiuyuan were speechless for a long time, and after a long time, Kong Jian'an spoke: "Big shopkeeper, Yuan Qi's current situation can no longer extract such a large amount of cash. ”

"I naturally know this" Yi Zhizhi said: "I will consider how to launch this 10 million treasury bonds to the society, and this treasury bonds cannot be smashed in the hands of Yuan Qi." ”

Xie Xiuyuan said in a deep voice: "The big shopkeeper, the so-called shop bully customers, customers bully the shop, how can the business of the imperial court be so easy to do." ”

"If you don't do it, you can't do it." Yi Zhizhi said: "The court has come to the door, and we can refuse?" Moreover, Yuan Qi dealt with the imperial court, which was a matter of time and could not be avoided. ”

Kong Jian'an said: "The monthly interest rate is eight percent, which is lower than the interest on our small deposits, but I am afraid it is difficult to implement." ”

"Two options—." Yi Zhizhi said: "One is to promote this treasury bond to the society at a monthly interest rate of one cent, or one cent and two percent, and the difference between them, Yuan Qi fills the difference of 500,000 a year, and Yuan Qi's burden is not too big."

The other is to set up a stock exchange in the name of Yuanqi, sell all treasury bonds on the exchange, sell them at low prices, allow treasury bonds to be traded and bought and sold freely, and allow prices to fluctuate freely, and price fluctuations are entirely subject to market demand. ”

Stock exchange? Kong Jian'an and both know that Yi Zhixiang is asking whether this stock exchange is viable? After a little hesitation, Xie Xiuyuan said: "The big shopkeeper wants to take the opportunity of the imperial court to issue treasury bonds, follow the example of Europe, and set up a stock exchange in Guangzhou. ”

Hearing this, Yi Zhisuff said with a smile: "It seems that the shopkeeper has recently put a lot of effort into European finance. ”

"It's just a little scratching the surface." Xie Xiuyuan said with a smile: "If you don't learn a little bit of European finance, I'm worried that I won't be able to keep up with the pace of the big shopkeeper." ”

"Okay." Yi Zhizu said approvingly: "Sooner or later, Yuanqi will have to deal with banks in European countries, as a senior executive of Yuanqi Bank, I don't understand modern financial knowledge, and it will inevitably suffer at that time. ”

After a slight pause, he bowed his head and said: "Yes, treasury bonds are only the first securities trading variety on the stock exchange, and then, we will issue various stocks one after another." ”

"Stocks?" Kong Jian'an was puzzled: "What is a stock?" ”

"A type of security issued by a joint-stock company to raise funds, that is, a certificate of ownership, which receives dividends and bonuses on the basis of shares." Yi Zhizu said slowly: "For example, Yuanqi's Donghuang Silk Industry Co., Ltd., which issues shares on the stock exchange, is ten yuan per share, and holds Donghuang shares, which can be bought and sold freely, and can also get the annual dividends of Donghuang Silk Industry Co., Ltd. according to the shares. Of course, as with all commodities, the price of stocks can go up and down, and that's why stocks are so attractive. ”

For stocks, Kong Jian'an doesn't understand, but there is no shortage of money in the bank, speculation on all kinds of bills he has not experienced less, as soon as he heard it, he understood that the stock is speculative trading, a little hesitation, he said: "The factories under the name of Yuanqi are not short of funds, and they are dull, I don't know why the big shopkeeper still wants to issue stocks, and the shares of the factories under the name of Yuanqi are quite expensive." ”

Yi Zhizhi smiled and said: "The purpose of issuing shares is to absorb the idle funds of the people, Yuanqi is not short of money, but very short, not to mention others, just say the railway, Guangzhou to Foshan, just a short section of the railway, the cost is three or four million, if you want to build a railway from Guangzhou to Beijing, can Yuanqi afford it?"

Building a railway from Guangzhou to Beijing? Kong Jian'an and Xie Xiuyuan are both stunned, how much silver do they need? Hundreds of millions! The big shopkeeper still has such ambitions? No wonder he wants to issue shares to raise capital. After hesitating, Xie Xiuyuan muttered: "Even if it is a stock issuance, can it raise hundreds of millions of taels of funds?" ”

Yi Zhizhi said with a smile: "It's not to raise so much money in one go, the railway can be built and operated at the same time, and the funds can be raised in sections." As he spoke, he waved his hand and said, "The matter of stocks will be talked about later, and now we are considering the opening of a stock exchange and the issuance of treasury bonds." ”

Xie Xiuyuan reacted very quickly, and then followed his train of thought and said: "The big shopkeeper sells treasury bonds at a low price, but is it to attract people to compete for treasury bonds? How much lower is it expected? ”

Yi Zhizhi said: "Five percentage points lower - ninety-five fold, how?" ”

Kong Jian'an said: "How long is the maturity of the national debt? ”

"More than five years."

"Ninety-five fold, Yuan Qi only lost 500,000." Kong Jian'an pondered: "It is much more cost-effective to implement treasury bonds at a monthly interest rate of one cent or one cent and two cents, but in my opinion, a ninety-fifty discount is not enough to attract people to compete for treasury bonds." ”

Xie Xiuyuan hesitated and said, "Nine folds? ”

"Even if it is nine percent off, it will only lose one million, which is equal to the total loss of one cent per month." Kong Jian'an said slowly: "But the effect of the two is definitely completely different, the sticker issued by Yuanqi at the beginning of its establishment - deposit ninety-eight, take one hundred, one month, absorb a lot of deposits. (To be continued.) )