Prime Minister

Chapter 418 Board of Directors

Hearing Han Qi's words, all the ministers would naturally not object.

Zeng Gongliang said: "The exchange office is just the end. The most important thing is that banknotes can be used as currency. Before the imperial court was short of copper, some people smelted copper utensils and turned them into copper coins. The power to seize silver and copper belongs to money."

Zeng Gongliang has said so, and it is a certainty.

Ouyang Xiu added: "But if there is no reference office, it cannot be used as banknotes."

After convincing Cai Xiang, Han Qi, Zeng Gongliang and other bigwigs in succession, Zhang Yue felt complacent and felt that he had put a lot of punches, and felt that it was nothing more than that.

But Zeng Gongliang said: "The matter of the exchange office has aroused a lot of discussion in Beijing recently. If I report it to the government, I am afraid that I will have to go to the political affairs hall to discuss it. I am afraid that it will be difficult for the Privy Council..."

As soon as Zhang Yue heard Zeng Gongliang's implication, the Privy Council now has the new Privy Council envoy Fu Bi in power.

Han Qi was a reformist and enterprising faction in the imperial court, but he had so many concerns about the Interchange Office, but it would be difficult for Fu Bi, who has always been famous for his conservativeness and prudence, not to mention the fact that he was killed.

If Fu Bi refuses to agree, the success will fall short.

But the development of things is always beyond Zhang Yue's expectations. The meeting of the Zhengshitang agreed to set up a cross reference office, but it was collectively opposed by the admonishers.

The first is Gong Dingchen, an admonisher, and Lu Huo vigorously opposed the establishment of the Jiaoyin Institute, saying that the Jiaoyin Institute was of no benefit, and countless people in the capital had broken their homes.The things in the exchange are exactly the same as Guanpu.

However, some officials believe that since the imperial court allows people to use gambling-like controls in their daily transactions, why not the cross-exchange exchange.

After that, Sima Guang also came forward to speak out and opposed the establishment of the Exchange.

After Gong Dingchen and Lu Hui spoke out, Wang Tao and other officials also went to the public and said that this case should not be opened. If it is opened, it will corrupt people's hearts.

However, there are also people who support it, and the person who supports it is Xue Xiang, who is now in the limelight in the court.It can be said that Xue Xiang spared no effort to criticize Lu Hui, and Sima Guang regarded the principle of life as morality.

Xue Xiang sent out several rants, and many officials in the court stood by his side.

But for Zhang Yue, he would rather be opposed by Sima Guang, Lu Huo, Wang Tao, etc. than be supported by Xue Xiang, thinking it is a first-class shame.

Therefore, the establishment of the Interchange Office could not be justified in the end, but because of the support of Han Qi and Fu Bi, it was not abolished.

Therefore, the Interchange Institute is in such a situation of no matter what, and it exists embarrassingly.

But even so, a big curtain has been unfolded, and no one can imagine the bright light that the currently inconspicuous Interchange Institute will emit in the future.

The stock exchange paid dividends for the first time, and the amount of dividends reached 24 yuan.

Of the 24 guan, the Shaanxi Transport Division received 15 guan, the third division received [-] guan, and the remaining [-] guan was used as dividends for management personnel.

How to use this large sum of money is definitely a problem if it is changed to another yamen.

The higher authorities must be jealous.

It is not a problem for Zhang Yue, who is a judge of salt and iron in the third division, how to use the dividend amount is all in the mind of the third division.Originally, the yamen was in charge of the government's finances, so it had no reason to manage its own money.

Of course, Zhang Yue knew that if it weren't for the [-] guan, Cai Xiang, the envoy of the third division, would not have agreed to it.

Throwing out the numbers on the books, the stock exchange originally had 23 seats of salt banknotes invested by Shaanxi Yunsi and 30 coins invested by the Third Division. .

When the price of banknotes soared, Zhang Yue threw out all the 25 seats in his hand when the salt notes were worth between 30 and [-] guan, and finally bought another [-] seats when it fell to [-] to [-] guan.

When selling high and buying low, it is reasonable to make three times the profit.

However, big dealers are not like small stockholders. When the salt banknotes fell and crashed, Zhang Yue bought the sixteen strings, sold the fifteen strings, bought the thirteen strings, and sold the twelve strings in order to suppress the salt bills. The bricks were borrowed from the air, and the bricks were smashed out again.

This way of suppressing the price at the expense of oneself is also a way for the dealer to make a deal. Anyway, as long as the panic among retail investors reaches the peak and sells in a swarm, the dealer can get back all the salt money at the lowest price.

In addition to this is the cost. In order to deal with large transactions, Zhang Yueke invited many experienced hands to the Exchange to help, count and store gold and silver, etc. A salary not inferior to the original one was given.

These are real costs.

When Zhang Yue arrived at the exchange office that day, he saw that the formerly bustling exchange office was now deserted.

This is the sequelae caused by cutting leeks. The trading volume of the exchange has dropped from 20 to [-] to [-] seats per day, or even a dozen or [-] seats at its peak, to only [-] to [-] seats per day. scene.

However, the price of salt bills has also been stabilized, and has been hovering between Baguan and Shiguan.

For Zhang Yue, looking at the depressed exchange, he was happy.

Zhang Yue tied up the horse in front of the yamen, and the general of the Western Army guarding the exchange office immediately stepped forward to hold the horse for Zhang Yue.

After so many days of dealing with Zhang Yue, he also knows that this person is called Zhe Jiming, and he is the younger brother of Zhe Jiming, a famous general of the Western Army.When Zhang Yue heard that the other party was from the northwestern general, he couldn't help but be in awe.

It was because his father and brother arranged for him to come to Beijing this time, but he yearned for the life of fighting in the northwest and killing Han.That day when Zhang Yue went to the Intermediary Office to take back the power of the salt note to the Third Division, he was the one who knelt down in front of Zhang Yue.

But now if we want to say who in the Salt Courtyard is the most respectful to Zhang Yue, it must be this name.

As soon as Zhang Yue arrived at the exchange, he came forward to lead the horse, and then lay down on the ground as a stool for dismounting.

Zhang Yue didn't want to humiliate such a soldier who fought for the country, so he declined several times, but Zhe Jiming wanted to do so.In Zhe Jiming's words, it was Zhang Yue who saved the Jiaoyin Office, the Capital Salt Office, and even the salt banknotes, and saved the lives of [-] soldiers of the Western Army. what.

Zhang Yue said in his heart, I kept the exchange because the salt banknotes can be used as credit currency in the world in the future, not just for the Western Army.

He still couldn't bear the kindness of such an upright and straightforward man, so he still avoided getting off the horse from the other side, and then threw the whip to Zhe Jiming and entered the exchange office.

The turbulent crowd inside and outside the exchange has long since disappeared.

But Zhang Yue prefers this way, like a woman who usually wears heavy makeup, suddenly washes off her lead, revealing her appearance without makeup.

At both ends of the exchange office, there are large households with more than [-] seats and one hand, and now they have built wing rooms.They enter and exit the exchange through the side door, and do not enter and exit with the retail investors in the hall.In the wing room, apart from incense towels, tea soup and drinks, there are charcoal stoves in winter and fans in summer, and the treatment is very thoughtful.

Large households accounted for [-]% or even more than [-]% of the exchange's daily transactions.But the number of large investors is only [-]-[-]% of the retail investors outside.

Now less than a quarter of an hour before the opening of the first quarter, Zhang Yuezheng saw Cai Jing staring at the candle chart thinking.When Cai Jing saw Zhang Yue, he immediately brought tea from the attendant and served it to Zhang Yue.

Zhang Yue said to Cai Jing: "The accounts these few days have been very good. You have earned three thousand coins for the exchange, it is really rare."

Cai Jing said with an adoring face: "This candle chart is really mysterious! Jing looks at it every day and ponders it every day, and then gradually integrates what the bachelor teaches on a daily basis. But making a little money is enough."

Zhang Yue took a sip of tea to hide the embarrassment in his heart, what is this called?Isn't it a joke to say that an old leek actually taught a stock god?
Zhang Yue said: "Yuanchang, although you and I have no status as masters and apprentices, we are no different from masters and apprentices. I have a word to ask you, when we buy and sell salt notes, we must buy at the highest or sell each transaction. Is it at the lowest?"

Cai Jing said: "No, if you are greedy for profit, you will lose."

Zhang Yue nodded and said: "That's right, it's almost enough. Just like the word Li, since our exchange office wants to pay dividends, of course it must be profitable, but we are still a chamber of commerce run by the imperial court. What is the most important thing?"

Cai Jing thought for a while and said, "It is to keep the salt money and not make the price of salt money fluctuate up and down."

Zhang Yue said: "That's exactly the case. If you measure it by an inch, you will be short of a foot; if you measure it by a baht, you will pass it by a stone. Everyone wants to make their last penny, but the more so, the greater the risk of capital. What is the most important thing about capital and making money?"

"However, the exchange is seeking profit, and the court is seeking justice, so what is the most important?"

Isn't Zhang Yue's words a first-class advice and knock on Cai Jing in the future?
Cai Jing was engrossed in hearing it, and at this moment there was applause, but he saw Shen's uncle and nephew entering under the leadership of Luo Jianyuan.

Shen Yan clasped his fists to Zhang Yue and said: "Hearing the words of Zhang Xueshi is really worth ten years of writing."

Zhang Yue saw that Shen Yan said with a smile: "Come and sit with Zhang Zhang."

Immediately, Zhang Yue, Luo Jianyuan, Cai Jing, Shen Yan, and Shen Chen were left in the room.

Zhang Yue said to Cai Jing and Luo Jianyuan: "Uncle and nephew of the Shen family bought 30 shares, paid [-] seats, and paid [-] guan. I have already agreed to this matter."

Cai Jing and Luo Jianyuan were all taken aback when they heard the words, Shen Yan, what is the relationship between Shen Chen and Zhang Yue, how dare they be so bold?
Because there was no precedent for a joint-stock company at this time, Shen Yan and Chen Shu nephew bought shares based on Zhang Yue's words and did not sign any contract, so there was no legal restriction at all.

The imperial court became shameless, and it was no problem to swallow their money.

The two of them dare to do this, either they absolutely trust Zhang Yue, or they have a bigger backer.

Zhang Yue said: "To be honest, all the court officials are not in favor of setting up this exchange office, and I don't know why uncle and nephew Xian insist on taking this risk, but since Zhang is in office, he will not wrong your Shen family."

The uncle and nephew of the Shen family said: "Xueshi Zhang says what he says, and our uncle and nephew have nothing to say!"

Cai Jing was secretly surprised when he saw it. This uncle and nephew is not simple. Could it be that they also saw that Zhang Xueshi is an extraordinary talent like himself, so they bet on him?

Zhang Yuedao: "Since everyone entrusted me, I will make a charter first here. Now the Exchange has five shareholders, namely the Third Division, the Shaanxi Yunsi, the Duyan Institute, the Shen family, and the people in charge of the firm. .”

"Therefore, I plan to set up a board of directors to manage the firm. All shareholders will choose a director according to their share, and then set up a chairman to coordinate the overall situation. The chairman is jointly elected by the directors, but the three divisions have the right to veto the appointment of the chairman! "

(End of this chapter)