Back to Ming Dynasty with Industrial Revolution System

Chapter 106 Banks and Newspapers

When the big training of economics and management officials was in full swing, Chu Yun was never idle for a moment except for occasionally visiting the Academy of Sciences.After Bank of Kyushu absorbed 40 taels of silver from merchants, another group of Western bookkeepers led a group of apprentices from southern Liaoning to join Bank of Kyushu and became employees of Bank of Kyushu.These Western bookkeepers lead apprentices and manage the accounts of Kyushu Bank during the day, and hold training courses for officials at night, no more leisurely than officials.The Liaonan apprentices they brought were selected by Chu Yun from the Liaonan people who had learned Arabic numerals. Chu Yun regarded them as financial talents, and they were not in the same group as the Liaonan bureaucrats.

Some people have money, but Chu Yun still wants more money, so after intensive preparations, Bank of Kyushu used 40 taels of silver from merchants as a reserve fund, and Chu Yun began to open the bank to the people in southern Liaoning. The headquarters of the company is located in the most prosperous and expensive business district in Jinzhou!

Crack, clap!The sky-shaking firecrackers rang in unison, and the smoke filled the air.The block letter plaque of "Bank of Kyushu" painted with gold lacquer attracted much attention and was hung above the main entrance of Bank of Kyushu by workers.And on both sides of the Kyushu Bank, there are two huge lion statues, guarding the courtyard of the town house!
"Bank? Do you know what a bank is?"

"You don't understand, don't you? Didn't you read today's newspaper? Banks are large money houses. The Liao army needs silver in order to attack Houjin. So, I hope we can deposit money in it so that we can defeat Houjin."

"I was the first to support Jin after the crusade, but it is not easy for us to make money. I always feel a little uneasy about depositing money in the bank."

"You don't understand again. You don't need to donate. I heard that some big businessmen have deposited several 10 taels of silver in the Kyushu Bank. What are they planning? Kyushu Bank will give them interest! Did you say that Fu Liaojun did it? Guarantee, our money is safer there than in our own home, and we don’t have to worry about being stolen or robbed, and we can still earn interest, why not do it?”

"That's right, maybe we can deposit some of the extra money in the bank, which seems safer? The merchants have deposited a few hundred thousand taels of silver, and the Liao army will definitely be able to afford our deposits. "

People watching the opening of Bank of Kyushu were talking about it.

"Extraordinary, Kyushu Bank opened, with an annual interest rate of [-]%, making money more valuable!"

"Extraordinary, the fifth frigate of the Fuliao Army has been launched, and the strength of the fleet has once again increased. Merchants will be able to travel unimpeded in the Bohai Rim!"

On the same day that Kyushu Bank opened, the first newspaper issued by Fuliao Army was published!In consideration of reducing the influence of the imperial court here, Chu Yun later changed the scheduled "Ming Pao" to "Kyushu News" in order to establish the influence of the Liao army itself.

For the first time, the front page of the newspaper published the news of the opening of Kyushu Bank, and it was necessary to let as many people know as possible.And the latter is to publicize the strength of the Liao army itself, so that everyone is more optimistic about the future of the Liao army, so that people actively save money. Behind the "Kyushu News" is some popular science knowledge that encourages the development of science and culture.

At this time, the production capacity of the printing factory was not high, and the share of newspapers issued in Jinzhou City was [-] copies.However, Chu Yun underestimated the curiosity of the people in Jinzhou about the newspapers produced by the Fuliao Army. The newspapers that were issued were sold out in a short time, and some people circulated them to each other!In particular, businessmen and aristocratic families who pay attention to the news of the Liao army are given a copy, and their apprentices and successors are required to carefully study the information in it.

"I only have three taels of silver here, will your Kyushu Bank accept it?" A textile worker put a small amount of scrap silver on the counter.

"Don't worry, no matter how much money you have, we will treat it equally. Please show your account book and personal number, and we will prepare a deposit certificate for you." The staff of Kyushu Bank said according to the process.

The new population registration system established by Chu Yun before also comes in handy at this time. Only civilians who have been registered in the Liao Army are eligible to deposit in Kyushu Bank, and it can reduce the possibility of forging certificates!

With its opening this time, Bank of Kyushu not only set up its headquarters in Jinzhou City, but also set up branches in Gaizhou, Fuzhou, and Dalian Port to collect idle funds from all over the country and prevent the simple people in southern Liaoning from investing silver in the land.Since ancient times, Chinese people have been too attached to the land, which Chu Yun tried to avoid.The vain silver taels must be invested in the industry to truly create value.

"My lord, guess how much deposits we can absorb from ordinary people at this speed?" Chen Ting, who was with Chu Yun and inspecting the grand opening of Kyushu Bank, asked excitedly.

"Looking at the crowds, Jinzhou City alone can receive 10,000+ taels of silver in the past few days, and there will be more in the future. As long as our people become richer and richer, our Kyushu Bank will also become larger and larger. Send us a steady stream of white blood to the industries of the Liao Army and the economy of southern Liaoning." Chu Yun somewhat underestimated the influence of the Liao Army, or the exemplary role of the merchants, and the people of Jinzhou City lined up to go to the Bank of Kyushu deposit!
Although these ordinary people are only depositing a few taels of silver into the Bank of Kyushu now, as long as they taste the sweetness, after their wages rise in the future, most of them will put these deposits in the bank, forming a virtuous circle.Especially for textile workers, coal miners, servants, coachmen and other fixed-income jobs, common people can't invest in various shops and trade routes like businessmen, so Kyushu Bank is already a good investment opportunity for them!

"But I always feel that the money is too easy to come by. I don't know when we have to repay such a huge sum of money..." Chen Ting thought that the money would be good for a while, but he would have to suffer in the future.

"That will be a matter of the future. As long as our Liao army maintains a good momentum of development, Kyushu Bank will not collapse." It is not that Chu Yun has not thought about repaying the deposit in the future. He is betting on the military fortune of the Liao army. With the Industrial Revolution system in hand, if this is all a joke, then Chu Yun will admit it.

Earth-shaking changes took place in southern Liaoning, and the propaganda on the "Kyushu News" pushed the grand occasion of restoring the Liao army to a new height. For a while, the people in southern Liaoning were full of confidence and worked hard towards the good days described in the newspaper.

Not only the people in southern Liaoning saw the newspaper, but some post-gold spies who infiltrated also got a copy of "Kyushu News", and took this newspaper as important information, and hurriedly sent it to Shengjing...

Huang Taiji held a copy of "Kyushu News" that was still smelling of ink in his hand, and his face was bewildered. The Fu Liao army was running a bank, a newspaper, and a navy. inside……

(End of this chapter)