In the Cining Palace of the Forbidden City, Fan Yubin was given a seat and sat opposite Bumu Butai and Kangxi. Pen × fun × Pavilion www. ｂｉｑｕｇｅ。 infoThe rest of the seven imperial merchants, the two kings, the Jin family, the Liang family, the Tian family, the Zhai family, and the Huang family, were not given seats, and could only stand on both sides of Fan Yubin. Also given the throne were two important ministers, Tuhai and Nalan.

"Your Majesty, Lafayette, regarding the expansion of the Shanxi ticket number, the slave has already asked people to investigate. The pseudo-Ming king rebelled, he himself had real money and silver in his hands, and they made money through sea trade, and by opening banks, they absorbed depositors to deposit gold and silver in their banks. In Jiangnan alone, they absorbed the gentry and merchants and deposited more than 50 million taels of silver! Through the issuance of treasure money, more than 20 million taels of silver were absorbed! Fan Yubin said.

Bu Mu Butai snorted coldly: "They have absorbed so much silver, and they haven't squandered it on military salaries and firearms manufacturing?" When the time comes, the depositors will take the money, will they have the money to give? ”

Fan Yubin replied: "Back to Lafayette!" This is exactly where Wang Wei discovered the wisdom of the treasure banknote! They took the depositor's silver and made a guarantee that the depositor would be able to exchange it for real money, whether the depositor was holding the deposit certificate or the treasure banknote! And they do have so much real money in their hands for merchants and savers. But the problem is that they pay the army, pay the craftsmen, and pay the officials, but they don't use real money, but treasure money! In this way, they will be able to save a lot of silver in the expenses of military salaries, the expenses of officials and petty officials of the yamen, and the expenses for the production of firearms, which will be replaced by treasure money. So the amount of gold and silver they absorb will not decrease, and as long as the depositors want to exchange it, they can exchange it to the depositors according to the promise. ”

To put it bluntly, Nanyang Bank is still a mix of the gold standard and the silver standard, that is, there is enough real money to guarantee the creditworthiness of the banknotes.

After the credibility of paper money was improved, paper money could be used instead of silver for military salaries for the army, salaries for officials and petty officials, and wages for workers. The imperial court was also able to buy grain and various agricultural products from the peasants through the paper money issued by the Nanyang Bank, and it was able to use paper money to buy various commodities from merchants and factory owners, and paper money replaced the role of gold and silver, so as to ensure that the gold and silver in the treasury were sufficient and that gold and silver would not be lost.

Of course, if all depositors have to exchange gold and silver, and there is a run, then Nanyang Bank will be difficult to support, and even face the danger of collapse. However, at present, the credit rating of Nanyang Bank is extremely high, and both the rich and ordinary people are willing to deposit their gold and silver in Nanyang Bank, because of the guarantee of high creditworthiness, there is no possibility of a run.

Moreover, there was no financial war in this era, and it was impossible for someone to maliciously manipulate and bring down Nanyang Bank through a run. Even if there were really such smart people on the Qing court's side to deal with Nanyang Company maliciously, Wang Xinyu would have a way to tide over the difficulties, and he could relieve it through Nanyang Company, and Nanyang Bank would not collapse. However, it was simply impossible for the Qing court to have a person who knew how to use financial means to deal with Nanyang Company.

Although Bumu Butai and Tuhai didn't know what the gold standard or the silver standard was, they also understood a little when Fan Yubin said this.

"It turns out that Wang Wei uses treasure banknotes that can be exchanged for gold and silver at any time to ensure treasure money. If everyone used treasure money to exchange gold and silver, would Wang Yi have so much gold and silver on hand to exchange? Bumu Butai asked.

Fan Yubin replied: "There are people in Jiangnan who are minions, and there are also people who are partners in Wang Wei's Nanyang Bank. According to the minions, Wang Wei will not issue too many treasure banknotes to ensure the credibility of the treasure banknotes and be able to exchange them for corresponding gold and silver. Therefore, everyone goes to exchange gold and silver, and Wang Cheng can also get it. ”

"Yes!" The shopkeeper of the Tian family, who was standing on the side, said, "Wang Cheng has strong financial resources, so the treasure money is guaranteed." However, according to the estimation of the minions, at present, Wang Reverse issuing treasure banknotes is a way to collect gold and silver, and when he succeeds, it will inevitably let the treasure money slowly depreciate and plunder the wealth of the people! ”

"Why is it slowly depreciating?" Bumu Butai asked.

"Because he also has to ensure the creditworthiness of the treasure banknote, although we don't know much about Nanyang Bank, but our Shanxi ticket number and their Nanyang Bank have figured it out, where the ticket number is made, the credit is silver! There's no way he's going to smash his own golden sign all at once. Fan Yubin said.

Bumu Butai pondered for a moment and asked, "If the Shanxi bill number is to be expanded to the scale of Nanyang Bank, how much silver will be needed for the treasure banknotes issued to be acceptable to the military and civilians?" ”

"It is impossible to expand to the scale of the pseudo-Ming Nanyang Bank, they have the support of maritime merchants, and the support of gold and silver from across the sea. The minions can only make the Qing treasure money acceptable to the military and civilians. Fan Yubin sighed, turned his head and glanced around the seven imperial merchants, and finally his eyes fell on the shopkeeper of the Liang family.

The shopkeeper of the Liang family took over the topic knowingly: "At least 10 million taels of silver are needed, and the eight of us can still take out this silver." And we calculated an account, we took out this silver, as long as it is operated properly, we can still help the court earn 30 million taels of silver. ”

In fact, the Jin merchants are not simple, from the beginning of the Nanyang Bank to issue banknotes, the Jin merchants know that this is a good way to make money, but without the support of the imperial court, it is not possible to issue paper money without authorization. Now that the imperial court has issued a holy decree to issue paper money, the Jin merchants, who have already studied Nanyang Bank, immediately found a way to make money.

Bu Mu Butai said: "That's it, you give 10 million taels of silver, our court gives 2 million taels of silver, your ticket number is expanded to Daqing Bank, and the treasure banknotes issued are called Daqing Dragon banknotes!" Because it is with the permission of our court, you can only find the banknotes, so the court must have a large share, and you have a small share. As for the Daqing Bank, it is under the joint jurisdiction of your Shanxi ticket number, the household department of the imperial court, and the internal affairs office! ”

Fan Yubin said: "The imperial court accounts for seventy percent, and we only need thirty percent!" ”

Even if the Shanxi ticket number only accounts for 30%, but because the right to issue banknotes is in the hands of the Shanxi ticket number, the eight Jin merchants can still make a lot of money.

"Once the Qing Dynasty dragon banknotes are issued, there won't be a lot of counterfeits, right?" Bumu Butai asked worriedly.

Fan Yubin took out another 20 silver dollar banknote issued by Nanyang Company, and presented it with both hands: "This is the Daming treasure banknote issued by the pseudo-Ming king, please look at Lafayette." ”

Bumu Butai took the banknote, weighed it in his hand, flipped it back and forth for a long time, and praised it endlessly: "This kind of banknote, the paper is very good, the printing quality is high, and the paper is uneven, it is indeed difficult to forge." I wonder if the Daqing dragon banknotes issued by you can reach this level? ”

"We can't do anything unless we can smuggle fake printing machines. But they're not going to sell it! We can only imitate as much as possible. With our level of imitation, we can make a level that cannot be forged by the people. Once someone is found to have forged the Qing Dynasty dragon banknotes, they must be severely punished! Fan Yubin replied.