Chongzhen Daming: Starting from Coal Mountain

Chapter 164
Chongzhen wanted to recruit Xiangyong in Huai'an Mansion, and the cabinet and the Ministry of War knew about it.

When the news was first received, both the cabinet and the Ministry of War strongly opposed it, because although the recruiting and training of Xiangyong does not need to be paid like the frontier army, it has to take care of the food.

Xiangyong's rations still have to be provided by the government.

But what the imperial court lacks most now is food and salaries.

Therefore, the cabinet and the Ministry of War strongly opposed this.

The cabinet and the Ministry of War did not agree until Chongzhen proposed that all the expenses required for the recruitment of Xiangyong should be borne by the Ministry of Internal Affairs, but the Xiangyong recruited from Huai'an Mansion must also be under the command of the Ministry of Internal Affairs.

The cabinet and the Ministry of War originally thought that Chongzhen would recruit at most [-] to [-] Xiangyong.

Unexpectedly, Chongzhen actually asked Fan Zhongjie to raise 20 Xiangyong in one go.

By this time, Lu Daqi, Minister of the Ministry of War, had already regretted it and wanted to take back his military power.

So when the news that King Qin Shizi took over Huai'an Fu Xiangyong reached Nanjing, Lu Daqi became anxious.

After receiving the Tang newspaper from Huai'an Mansion, Lu Daqi couldn't sit still immediately. Dang even took the Tang newspaper to the cabinet and found his old superior, the chief assistant of the cabinet, Shi Kefa.

"Old Shi Ge, how can this be done?"

Lu Daqi said: "It is the duty of the military officer to compile and train Xiangyong. The 20 Xiangyong in Huai'an Mansion were also recruited by Fan Zhongjie and the officials from the nine counties under him. How can we hand them over as soon as they are handed over?"

"Otherwise." Shi Kefa asked rhetorically, "If you don't hand it over to the people in the Ministry of Internal Affairs, or the scholars of Prince Qin in the Shiziying, will the counties under the Huai'an Mansion provide the rice and weapons?"

"Then..." Lu Xiaoqi immediately responded.

Where can Huai'an government support 20 townspeople?
Let alone 20, I'm afraid that even 2 Xiangyong can support him.

It is Guanghuai'an Mansion, Nanzhi and even the entire imperial court are now clinking poor.

Because this year's tax has only collected a large part so far, but there is no way to reduce expenditure.

The small head is not the salaries of officials and subordinates, but the expenses of the clan.

Except for those two items, the salaries that should have been allocated to the frontier troops in Wuchang Town and Xuzhou Town are still delayed.

Because the Ministry of Households really took out the money, not to mention the one million or so that was promised later, even ten thousand was given out.

In order to prepare for the rural examination and Enke in the first half of this year, the Minister of Rites, Wang Duo, had the cheek to solicit donations from honored nobles and gentry in Nanjing, but no one paid any attention to me. Xie Xuelong donated another [-] taels to make up for Enke's expenses.

On the other hand, the Ministry of Internal Affairs, this is really very rich, and the money is so little that the flowers are far away.

As soon as the Crown Princess's Xiaoming Royal Bank was established, the Ministry of Internal Affairs immediately deposited [-] million full silver!
[Note: The bank in the following article has not been changed to a bank number, so I can't give less comments on the details of the plot]

That's just silver. The Ministry of Internal Affairs has stored 500 million shi of grain outside the warehouses of Nangong and Yanziji.

On the other hand, in the Taikuang of the Xiaoming household department, the old officials who only manage the warehouse are not too thin and out of shape, and the mice are starving to death.

That really echoes the old saying, if you compare goods, you will throw them away, and if you compare people, you will die!Why didn't Lu Xiaoqi understand why the Ministry of Internal Affairs is so rich?How did the imperial court become so poor?

It is true to say that you understand, Lu Xiaoqi actually knows the reason.

All of this is because Shengxia used Xuzhou's Fang Wen as a mortgage to issue bonds, raising [-] million full silver, and then put the inner court's property up for auction, and sold it for another [-] million taels.

If the Ministry of Household Affairs can also raise such a small amount of money, the life of the court will be much easier.

Thinking of that, Lu Xiaoqi sighed, and said without any depression: "Old Shige, the Ministry of Internal Affairs under the Holy Majesty cannot issue bonds, so is the household department of the Xiao Ming court able to issue bonds? Is it like you are also issuing bonds?"

"Issuing bonds requires no collateral." Shi Kefa said, "What collateral does the Ministry of Household take?"

Subconsciously, Lu Xiaoqi wanted to use Nanzhi's [-] million acres of Fang Wen as a mortgage, but he swallowed the words. I am worried that if I say that now, I will slip and drown in the Qinhuai River when I return home at night. .

The [-] mu of Fangwen in Nanzhi is the forbidden property of the Jiangnan gentry, whoever touches it will die.

Lu Xiaoqi was still unwilling, and suggested: "Is it possible to issue a debt if there is no mortgage?"

"Of course you can't post it." Shi Kefa asked again, "The problem is that no one buys it?"

Lu Xiaoqi fell silent again, that's right, if there is no collateral, no young man would give money to the court flower?You can still hear a sound when you throw the silver out of the water.

After a long while, Lu Xiaoqi said again: "Your Majesty is still very powerful. He raised [-]. The [-] million acres of Guide Mansion and Kaifeng Mansion each have Fang Wen mortgaged, and the total bond amount is [-] million full silver!"

"What?" Shi Kefa was dumbfounded, "Seventy million feet of silver?"

Seventy million, that number obviously exceeded the limit of Cao Yanlan's imagination.

When the Xiao Ming Dynasty was at its best, its annual income was more than [-] million yuan, and now it is even more than [-] million yuan. However, Shengxia can raise [-] million yuan just by selling bonds once!
Lu Xiaoqi also felt inexplicable: "The Ministry of Internal Affairs is really rich now."

After a pause, Lu Xiaoqi said again: "That's right, Your Majesty's move is really powerful."

"Your Majesty's debt issuance is indeed powerful. I have never seen it since ancient times. Just because of that, Your Majesty's name is enough to go down in history." Shi Kefa said something, then changed the subject and continued, "Yes, Majesty The disadvantages of doing so are also obvious, and it is hopeful that the capital will be restored from now on.”

Speaking of that, Shi Kefa let out another long sigh.

"Yes." Lu Xiaoqi nodded and echoed, "Your Majesty took the northern civilian land as payment for debts. Although this move pleased the Jiangnan gentry, it offended the northern gentry to death. From then on, the northern gentry will definitely be at odds with Xiaoming. You Xiaoming It will be difficult to regain the capital, and the story of the Southern and Northern Dynasties may repeat itself."

……

At this time, under the Chaoku Street on the south bank of the Qinhuai River, there was a lot of traffic and crowds.

Two months later, Yangzhou Salt Merchant Kang Wanwan rented out the Baochao Bank on Chaoku Street from the Ministry of Households at a monthly rent of [-] taels, and officially put up the signboard of the Nanjing Exchange.

Also on this day, two news came out from the Exchange.

By mid-October, the Ministry of Internal Affairs will sell the seventh tranche of bonds on the stock exchange.

At the same time as the sale of the seventh issue of bonds, the Exchange will also officially open the trading of bonds. Bond holders cannot cancel the purchase and sale of bonds at the Exchange through the pre-opened account at Xiaoming Royal Bank.

From this day on, the gentry and merchants in the south of the Yangtze River have been looking forward to the early arrival of mid-October.

The reason why the gentry and merchants in the south of the Yangtze River are so cold is because they want to buy bonds, and because they want to know how to sell bonds that Shi Yi said?
Anyway, that exchange really whetted the appetite.

In recent months, whether it's junior officials in the imperial court, scholars rushing to take the exam, or ordinary people in the market, they are talking about the seventh issue of bonds and the upcoming opening of the stock exchange, and even the girls in the South Court say It's the same thing. If he can say a few words about those two things, he would be ashamed to say that he is from Nanjing.

As for the gentry and merchants in our prefectures and counties, they came to Nanjing early.

In the past two months, the hotels, inns, restaurants, and restaurants in Nanjing have seen a boom in business, and the girls who do skin and meat business under the Qinhuai River are even more busy.

These big traders have also made a lot of money.

By the end of next month, the Exchange will set the opening date.

Because after two months of renovation and decoration, the treasure bank is about to be remodeled.

In particular, the small trading hall of the Municipal Exchange was completely remodeled according to Chongzhen's idea. All the inner floors of the "Hui"-shaped warehouse were removed, and a dome was added on the top, forming a huge hall that could not accommodate thousands of people at the same time. There is a small hall, and a central notice board is built in the middle of the patio.

The central notice stand is a large and small square building.

The seven walls of the notice stand are all one giant whiteboard.

At that time, the officials of the stock exchange will use charcoal pens to write out the transaction information under the whiteboard. For example, member A sold an eight-year bond at a certain price for a certain number of taels; How many two-year bonds, etc., all the sales information that is not available at that time will be posted below, and those who want to buy can't see it at a glance.

If no one wants to buy, you can't buy based on the information.

Once a bond has not been bought, the clerks erase the message.

Well, in terms of software and hardware alone, the Nanjing Exchange is much weaker than the Amsterdam Exchange, which was established only [-] years ago, and the two are simply comparable.

At this time, Kang Wanwan, Cao Yanzhen, Zhang Han, Zhan Yangzhi and other seven small shareholders, as well as another hundred or so major shareholders, were standing proudly on the central bulletin board of the Exchange.

Kang Wanwan understood Chongzhen's meaning very well.

So I also thought about eating alone with Cao Yanzhen and the seven of us.

Instead, a group of gentry merchants with bad reputations were selected from Jiangnan gentry, Huizhou merchants, Fujian merchants, Zhejiang merchants, Guangdong merchants, and Yangzhou salt merchants to enter the stock exchange together.

Among them, Kang Wanwan has the least shares, more than [-] shares.

The merchant with the most shares has only a dozen or so shares.

Having said that, it is also because I know the future of the stock exchange.

Although Chongzhen Ligan clearly stated that the annual profit must be [-]% of the principal, and the Ministry of Internal Affairs will repurchase all the shares at the original price, but Kang Wanwan did we take that seriously.

Kang Wanwan felt with a small probability that [-] million full silver would be produced before the year.

Therefore, Kang Wanwan decisively recruited a few hundred gentry and merchants to share the pressure.

Cao Yanzhen even asked the staff of the Municipal Exchange to bring a ladder, tried to climb down and wrote a message, it was perfect.

When Guan Tianzhen came up, Kang Wanwan smiled and asked Ma Mingpao: "Master Ma, do you think there is nothing to change?"

"I don't have any other requests from me." Ma Mingpao waved his hand and said, "Just add one, and that was specially ordered by His Majesty."

(End of this chapter)