Hearing Amber ask if the small amount of silver tickets was preparing for the creation of the stock market, Zhao Ran smiled and said: "You can say that, but it's not all, to tell the truth, the younger generation didn't think about it so much." ”

Amber asked, "Then why are you going to issue small silver bills? Are you preparing for the issuance of treasure notes?"

Zhao Ran asked rhetorically: "The first-level distribution of the national state capital of Four Seasons Money Village has been completed?"

Amber said, "It was done last month?"

Zhao Ran asked again: "When will the counties be distributed?"

Amber was stunned: "Do you want to distribute points in various counties?"

Zhao Ran said: "Even the distribution of counties has not been completed, how to issue treasure money? Amber, you also said just now, small silver bills, small silver bills, in essence, are still silver tickets, the difference is small or large. It is neither silver nor treasure money, but a proof of deposit of silver, indicating how much silver is stored in the bank. ”

An Bo said: "Since it is a small amount of silver bills, why should the treasure money department print them?

Zhao Ran said: "It's completely possible, of course Four Seasons Money Village can issue its own small amount of silver tickets, no problem, so why don't you issue it?"

Why doesn't Four Seasons Bank issue small silver bills? The reason is simple: there is no demand. In other words, no one uses it when it is sent.

The biggest function of silver bills is to facilitate exchange. The merchants of Yingtian went to Shandong to do business, inquired about which money bank had a branch in Shandong, went to open a good pass to exchange silver tickets, and paid directly with silver tickets when they arrived at the land, without having to carry a huge amount of cash with them.

As for small payments, such as one or two taels of silver, or even a few coins of silver, they are directly used in broken silver. It is not cost-effective for the money bank to print small silver bills by itself, the cost of anti-counterfeiting is too high, and the common people do not have the heart to exchange it - they look at the silver more realistically.

If you change to the treasure banknote division to print small silver bills, the cost is low, and the second is to rely on the payment goods such as flying charms, lottery tickets, periodicals, etc., the market demand will be supported, and there will be a certain basis for issuance.

Since it is a small amount of silver bills, there is no problem of over-issuance for the time being. Small silver bills are proof of deposited silver, and the major money banks want to issue as much silver as they want to deposit in the treasure banknote division. And with the joint supervision mechanism of the major banks, it is difficult for the Treasure Banknote Division to print small amounts of silver bills indiscriminately. In Zhao Ran's design, when starting the production of small silver bills, there must be the authorization of the joint committee, which is a kind of technical authorization of Taoism, not an authorization of documents, which is a "hard" authorization and cannot be bypassed.

Amber asked a question: "If Zhiran does not plan to overissue small amount of silver bills, the treasure banknote department will not be able to make a profit, and the imperial court will not be able to make a profit, what is the point of doing this?

Zhao Ran replied: "There are two purposes. First, to establish the credit of small silver bills, so that the people know that it is not necessary to buy things with gold, silver or copper money, and that small silver bills are not waste paper, and when everyone is accustomed to the existence of small silver bills, it will lay a social and psychological foundation for the issuance of credit money. ”

After a pause, after Amber slowly digested for a while, Zhao Ran continued: "Second, when the treasure banknote division gathers a batch of cash, it will use this as the basis to establish a money bank, of course, the money bank is just a convenient name to understand, and his official name in the future should be 'United Savings Bank'." ”

"What do you mean?"

"Banks are an advanced form of money - we'll talk about that later. The capital of this bank comes from the deposit of small silver bills purchased by major banks, hence the name Union. The bank sets a money interest ratio every year to pay the interest on the savings money for the silver stored in the bank by the major banks, hence the name savings bank. The interest rate can fluctuate from 3% to 5% of the money. ”

Amber thought thoughtfully: "In other words, how many small silver bills you buy in the treasure banknote division can be saved in this joint savings every year...... How much interest does the bank get?"

Zhao Ran nodded: "Amber can try to absorb a large amount of people's savings, who deposited silver in the Four Seasons Money Village in the past, who will pay money and interest to the Four Seasons Money Village, and in the future, who will deposit silver in the Four Seasons Money Village, and who will pay money and interest to the Four Seasons Money Village." Four Seasons Money can use the savings and deposits to buy small silver bills and earn the interest rate difference of the money. ”

Amber immediately said: "If the interest paid on the money can reach 3 percent per year, the Four Seasons Bank can buy 1 million taels of small silver bills, and if it reaches 4 percent, it will buy 2 million taels! For every percentage point increase, I will buy 1 million taels more!"

Zhao Ran bowed: "Thank you Amber for your support." Almost next year, after the beginning of spring, the Treasure Banknote Division will begin printing the first batch of small silver bills, which will be provided to the Four Seasons Money Bank first. ”

Amber asked, "How are you going to pay this money?"

Zhao Ran replied: "There are many ways, large-scale investment, buying bonds ......"

"What is a bond?"

"It is a kind of borrowing certificate that shows how much I owe you, how much interest should be paid to you each year, and when the principal will be returned to you......"

"Come, come, let's talk about it, what is a bank, and why is it a high-level form of money......

After sending Amber away, Zhao Ran brought Shi Weiming over, Shi Weiming is now holding two positions and is very busy. After seeing Zhao Ran, he immediately reported the construction expenditure of the bridge. What was bought, how much silver taels were paid, it is clear.

At the end, he said: "Half of the 400,000 taels paid by the cultivation ball charity fund have been paid, and the rest may not be able to support three months." Xia Guan has calculated that by February next year, 180,000 taels will be paid according to the progress for the purchase of refining materials for the bridge piers. In addition, in a few days, we will have to pay the working hours of this year's recruiters, and pay the first installment of the purchase of green bricks and gravel......"

Zhao Ran said: "There is no money for the charity fund for the time being, this year's winter competition is a month late, and you need to wait until the beginning of February next year to get 100,000 taels." In this way, the credit line of 500,000 taels issued by Four Seasons Bank can be used, and I approve you to borrow 100,000 taels in advance. ”

After talking about the bridge, Zhao Ran asked about the treasure banknote division again: "The treasure banknotes issued by the treasure banknote division back then, the only thing that can make me eye is only one thing, paper-making technology. Is there any retention of this technology?"

Shi Weiming replied: "Yes, the drawings and processes are recorded, but the workshop is long gone." The last batch of banknotes was printed in Zhengde three years, after which the workshop was abolished. ”

Zhao Ran said: "The paper used for small silver bills, I think about it, and I still think it is better to use the paper of the previous treasure banknotes." Listening to what you say, it may be a bit difficult to restore the paper-making workshop, and even if it does, the estimated cost is too high to outweigh the losses. Can the Treasure Banknote Division take out the technology and let the people do it? The paper for small silver bills made can be purchased by the Treasure Banknote Division. The upfront procurement expenditure can be borrowed by the household department temporarily, and when the United Savings Bank becomes regular, it can be paid from the profits....."