At noon, guests from all sides came, and the Zhang family set up a flowing water seat on the big drying field, with more than 100 tables and more than 1,000 guests. Pen? Interesting? Pavilion wWw. ｂiquge。 info Even many people came uninvited and came to celebrate with gifts.

Even the county order of Ningmin County brought a group of officials to congratulate in person, and Datang County was divided into seven grades, with the difference between red, gi, wang, tight, upper, middle, and lower. Kyoto is governed by Aka Prefecture, Kyoto is next to Kyoto Prefecture by Aki Prefecture, and the other prefectures are divided by population. Ningmin County is Qi County, and the county order is on the sixth grade.

However, now Zhang Tiegun father and son in Zhangjiagou, Bailu Township, are famous far and wide, everyone knows that the Zhang family's business is hot, and they also have close contacts with so many upstarts in Beijing. An official of the sixth grade can be regarded as a broken county order locally, but in Gyeonggi, Sansheng is unlucky, and the county is attached to Guo; Sansheng did evil, attached to the neighboring provincial capital, and became the county commander of Qi County, so he could only be the little daughter-in-law under his mother-in-law.

Even the famous landlords and wealthy families in the county also came with gifts.

Zhao Yuanwai of Zhaojiagou in the south of the ditch also came, the owner of Chang'an Risheng Grain Bank, who had not seen him for a while, and became even more haggard.

"I wonder if Saburo can borrow a step to speak?" After giving the gift, Zhao Yuanwai said with some begging.

Zhang Chao took him to Ma Zhou's account room and asked him to go up to the kang and sit down.

"Now that we are also business partners, Zhao Yuanwai may as well say it directly."

Zhao Yuanwai hung his head in despair, like a wilted rooster.

He sighed a few times before he said, "I want to sell the Sunrise to Saburo." ”

Zhang Chao didn't react when he heard it, and he didn't have much interest in the Sunrise. At present, it is still at the beginning of the founding of the country, and grain is the most unstable time, and it is not easy to do grain business at this time.

It is definitely profitable to make money by opening a grain store in Chang'an City, after all, there are so many people in Chang'an City, and they need a lot of food every day. And there is another point, even in a normal good year, the grain produced in Guanzhong is not enough to supply the Guanzhong region for self-sufficiency, and a large amount of grain and grass from Kanto to Beijing needs to be transported from Kanto every year, as much as millions of stones.

The law of the market, there is a demand and there is a market, the greater the demand, the bigger the market, and the more potential profits.

But now Chang'an's grain market, just like the big bear market in the stock market, has just experienced a **** bubble burst, and the price can't stop falling.

Zhang Chao predicted in his heart that the grain market had not yet reached the end, and at this time, the entry was not to buy the bottom, but to take over.

He has nothing to sympathize with Zhao Yuanwai, and he cooperated with him before purely out of business considerations. Poor people must have something to hate, this Zhao Yuanwai was originally a landlord, and he lived a chic life, not black-hearted, bad-hearted, reselling and hoarding, and making less black money.

"San Lang, please help me, I, I have no way out."

Zhao Yuanwai couldn't help but burst into tears and shed crocodile tears.

"Why does Zhao Yuanwai want to shoot the Sunrise now?" Zhang Chao asked calmly.

Zhao Yuanwai wiped away his tears and began to tell his predicament. After all, he was too greedy before, and in order to earn more, he hoarded a lot of food. The grain was bought at a high price, and he borrowed all the money to buy the grain.

It is borrowed for half a year to do turnover. At that time, I thought very well, borrowed money to collect grain, and when the next year was not in stock, the price of grain rose sharply, and I made a lot of money.

If you repay the loan, you can make another big profit.

"How much did Zhao Yuan borrow, and how much did he benefit?"

"I was also confused at the time, so I took out all my net worth, and borrowed another 3,000 yuan. Compound interest at a monthly interest rate of eight cents for a period of six months. ”

The monthly interest rate is eight cents, well, this is already usury in later generations, but nowadays, it is normal. Because the imperial court also gave the yamen at all levels a sum of public capital, so that they could lend to earn interest, and even set up money-catching products, money-catching officials, etc., who were specifically responsible for lending this money, and the interest was now the standard monthly interest rate of eight cents, plus a little labor fee, which was actually 100%.

The public money of the imperial court is generally for a period of one year, without compound interest, and the annual interest rate reaches 96%, which is quite high.

The official is so high, then the people can only be higher. Similarly, according to the law of the market, it is possible for the private sector to make profits three or five times that of the official one.

Zhao Yuan's loan is a half-year, eight cents of monthly interest, and the official one interest, but it is compound interest, that is, calculated in months, and the interest is rolled. Borrow 3,000, one month later it will be 3,000 and 204, and then the principal of the next month will be 10,204, and the interest will be calculated according to this, and the interest of the second month will be 260 yuan, and the third month will be 280,000, and after six months, the principal and interest will accumulate more than 4,760 yuan.

Compared with the ordinary single interest, it is more than a thousand times more.

This kind of loan is also called donkey rolling, that is, the period is calculated on a monthly basis, and compound interest is calculated like a donkey rolling. There is also a type called lamb interest, which is calculated on an annual basis, and the interest is paid twice the principal amount after the maturity of the second year, and one is borrowed to repay two.

What Zhao Yuan borrowed was a donkey rolling, because he only borrowed money for half a year, borrowed money to harvest autumn grain, and then could sell it to recover the principal and repay the loan in the spring of next year. Although the interest rate of donkey rolling is higher than that of lamb, it is still more cost-effective to borrow it for half a year and repay it. He borrowed 3,000 yuan of donkey to roll, and after half a year he repaid more than 4,700 yuan with interest, and after a year of borrowing lamb interest, he had to repay 6,000 yuan.

However, it is not easy to borrow money in these years, even if Zhao Yuan borrowed a donkey to roll, but he actually didn't get 3,000 yuan at the beginning.

Because whether it is the rolling of the donkey or the interest of the lamb, those lenders have to come out of nine.

The loan was 3,000, and the interest was calculated according to 3,000, but Zhao Yuanwai only got 2,700 yuan. And half a year later, he had to repay more than 4,700 yuan in principal and interest, but he still had to pay an additional 900 yuan.

This is nine out of thirteen, and there is generally a kind of one that is not so ruthless, sitting on the ground and smoking one, which is equivalent to nine out of ten.

Short-term loans are generally drawn ruthlessly, mostly nine out of thirteen, and long-term loans are drawn less, only sitting on the ground to draw one.

Those private money lenders, on the surface, also have a monthly interest rate of eight cents, the same as the official, but in fact, there are compound interest and nine out of thirteen, sitting on the ground to draw one, these means make their profits much higher than those of Gaofu.

Of the 3,000 guan money that Zhao Yuan borrowed, he actually only got 2,070 guan at the beginning, but in the end, he had to repay more than 5,600 guan. In just half a year, the interest rate nearly doubled.

If it is like in previous years, such a high interest, but Zhao Yuanwai is still not afraid, in less than half a year, he will be able to make a lot of money, and then repay the loan.

But now, the grain market has collapsed.

The government continued to transport grain from the newly laid territory in the east into Beijing, and then kept closing the position and releasing grain, and the price of grain continued to fall one by one.

The most fatal thing is that many small and medium-sized businessmen who hoard grain have gone bankrupt and cleared their warehouses, resulting in grain prices becoming more and more uncontrollable.

Zhao Yuanwai doesn't make money now, he can't sell a large amount of grain in his hand at all, and he loses more and more every day. If you can't even earn back your own capital, how can you repay the loan.

Although it is not due yet, the lender has been urging him to repay the debt in advance every day, and they are also worried that Zhao Yuanwai will not be able to pay the money when he arrives.

"How much food is still in Zhao Yuanwai's hands?"

"Rice, wheat, millet, sorghum, soybeans, etc. add up to nearly 10,000 stones, and now they are all smashed in their hands." Zhao Yuanwai still looked sad when he said it.

Zhang Chao despised him fiercely in his heart and made him greedy.

The price of 10,000 stone grain is different, but it is estimated that this 10,000 stone grain can still be worth thousands of yuan.

However, now that the grain has a price a day, and Zhao Yuan can't go out, then the value of these grains will only depreciate more and more. Now the rice is still worth one hundred and fifty yuan per bucket of rice, but if it falls below one hundred by then, then Zhao Yuanwai's grain will have to evaporate more than half of the money.

If it continues to fall, the grain he bought at a high price will be worth tens of thousands of yuan, and it may not even be worth 5,000 yuan.

These grains were all that Zhao Yuanwai had, which he borrowed with his own Zhuangzi, fields, shops, and savings, and also borrowed 3,000 yuan of usury.

Once these grains are worthless, Zhao Yuanwai will have nothing.

"I can't afford to buy so much food." Zhang Chao unceremoniously refused.

"I can sell it to you cheaper than the market price."

Zhang Chao still shook his head, so much food was bought, he had to use it until the Year of the Monkey.

Now it's not a disaster year, if it's a disaster year, Zhang Chao really doesn't mind buying it. Now that the grain is constantly falling, it is too stupid to hoard grain at this time.

Moreover, Zhang Chao can't come up with so much money.

Zhao Yuanwai lowered his head and sighed.

"San Lang, do you want the grange?"

Zhao Yuanwai suddenly asked, which surprised Zhang Chao. The land is the lifeblood, who wants to sell the land?

"Now I am forced into debt every day, I am desperate, and I can't care about the lessons of my ancestors. I just need to roll that donkey and pay it off first, or else I'll be really finished. ”

The more you roll back, the more powerful it gets, and there is no upper limit at all. It's like a snowball, it is inconspicuous at first, but it gets bigger and bigger. If Zhao Yuanwai can pay it off in advance, maybe he can reduce some interest, but if he can't pay it back when it expires, it will really be over, he will be snowballed to death, and he will never be able to pay off his debts.

Now Zhao Yuanwai has only two ways, one is to reduce the price of grain in the grain bank, in order to clear the loss as soon as possible and recover some funds to repay the loan, but it is difficult for the grain to be cleared, he can only be lower than the market price, and it is impossible to really sell it at a diving price. In order to recoup the funds and repay the loan, he had to use another method, selling the land.

"There are hundreds of acres of land in Zhaozhuang, my Nanyuan, all of which have been passed down from generation to generation, and all of them are good land with flat slopes."

"How many acres." Zhang Chao came to be interested.

Although the income of the land is not high, it is the most stable, this thing will not go up and down as much as doing business, and there is no need to worry about accidents such as sudden fire and water, let alone worry about market conditions, and have a great space for value retention.

Moreover, the price of land at the beginning of the founding of the country was obviously low, and buying it now is the real bottom.

"I can sell 800 acres, but I want the price of 10 yuan per mu, and I have to pay it immediately." Zhao Yuanwai was also forced to do so.

"Outside Zhao Yuan, the sloping land in the south plateau is not worth this price, and the irrigated land in the Weishui edge is only worth seven runs and one acre, and it is still a field that can grow rice." Although Zhang Chao is not a person who takes advantage of the fire to rob, he is not willing to be wronged.

"What do you say?" (To be continued.) )