Doctor of the Great Song Dynasty: In the beginning, Li Qingzhao and Li Qingzhao made a private decis

Chapter 322 Reform and Youth Law

"In order to solve the shortcomings of the court's silver settlement, the Royal Bank of the Song Dynasty is preparing to issue silver coins. One yuan of silver coins is worth a hundred cents."

As the news of the issuance of silver coins was published in the Di newspaper, it immediately spread throughout Kaifeng City.

"Silver coins! One yuan of silver coins can be exchanged for a hundred copper coins."

When the merchants in Kaifeng saw this Di Bao, they couldn't help but frown. Isn't this another official publication issued by the imperial court?
Having learned from the past experience of the imperial court's excessive issuance of official jiaozi, the people of Kaifeng were still frightened. You must know that the value of official jiaozi at that time was greatly depreciated, but many people lost all their money.

"One silver dollar, nine silver and one copper, can be exchanged for a hundred copper coins at the Royal Bank at any time."

As more and more news came, many people were slightly excited. What the court discovered this time was not paper money, but real silver coins. Ninety percent of the silver coins were enough to guarantee the value of the silver coins.

"Doctors have declared that in the future, major hospitals will only accept silver coins and copper coins for medical treatment, and will no longer accept broken silver!"

Immediately, the doctor took the initiative to announce that he would charge silver coins, which immediately gave the silver coins a bit more credibility. At least the silver coins could be used to treat doctors.

With doctors taking the lead and the Royal Bank's credibility, many industries have also announced to receive silver coins.

"Nine silver and one copper, doesn't it mean that the court earns us [-]% of the silver for every silver coin." There are also businessmen who are very dissatisfied because they have to compare the baht with each other.

Others persuaded: "It has been publicly explained in the Di newspaper that pure silver is too soft, so copper needs to be added to increase the hardness and reduce wear. Moreover, copper is also money, and the court also needs to spend money to cast silver coins. As long as one yuan of silver coins can be made in The Royal Bank exchanged it for a hundred copper coins, and there was no difference between it and pure silver.”

Fan Zheng did not hide the composition of nine silver coins and one copper. He directly explained publicly that silver was indeed very soft and easy to wear and tear, which was a recognized fact. The court would still need to bear the problem of wear and tear in the future. He believed that the people of the Song Dynasty would definitely be able to accept.

Sure enough, as the first batch of silver coins was put into Kaifeng City and began to circulate slightly, the convenience of silver coins began to appear, and they were quickly sought after by the people of Kaifeng.

"Treasurer! Checkout!"

In a restaurant, Fan Zheng accompanied Zhao Xu out of the palace to observe the people's reaction to the silver coins. After having a good meal and wine, Fan Zheng shouted.

At that moment, the owner of the restaurant came to the two of them. While making calculations, he said: "Several distinguished guests, please take care of the business, a total of 380 Wen!"

"380 words!"

Fan Zheng sighed slightly. It was not easy to live in Kaifeng city. One meal cost 380 Wen.

"Can the store accept silver coins?" Zhao Xu asked with interest, stretched out his hand, took out four silver coins and placed them on the table.

"Take it! Of course I'll take it! The imperial court issued new silver coins of new quality, and each one can be exchanged for a hundred coins! It's much easier to use than broken silver." The restaurant owner nodded repeatedly.

Kaifeng City has prosperous commerce and frequent transactions. However, many merchants suffer from the cumbersome exchange of silver and copper coins!The fineness and weight of broken silver are quite controversial. It is extremely difficult to find money for one or two weights of silver. The emergence of one-yuan silver coins can explain the urgent need of merchants.

At that moment, the merchant took the silver dollar, blew it gently, and put it in his ear, and a pleasant sound came out.

"Why is this?" Zhao Xu asked in confusion upon seeing this.

Fan Zheng explained: "Brother Zhao doesn't know something. This is the way to prove the authenticity of silver coins. Silver is malleable. When you blow it gently, it will make a pleasant sound for a long time, but fake silver has no such sound."

"It really is!"

Upon seeing this, Zhao Xu picked up a silver coin and blew it hard, putting it to his ear. Sure enough, there was a pleasant vibration sound that slowly disappeared after a long time.

"This young man is so knowledgeable! This is why silver coins are so popular. Not only are they beautifully made, but they are also easy to distinguish between genuine and fake. They are so valuable that they don't need to be valued. It's much more convenient than before!" praised the restaurant owner.

He runs a restaurant business, and because of the fineness and valuation of the broken silver, he often gets into arguments with his customers, and most of the time he has to suffer losses himself. Now that he has silver coins with a certain value, disputes over broken silver are greatly reduced, and it is even more difficult to get change at settlement. Convenient.

Zhao Xu took the recovered [-] copper coins from the shopkeeper and was immediately surprised. He had lived in the palace for a long time and had never used money. This was the first time he used silver coins.

Next, Fan Zheng and Zhao Xu took the silver coins and went shopping in Kaifeng City. As expected, the silver coins were very popular wherever they went.

"Congratulations, Your Majesty, the issuance of silver coins has been a great success!" Fan Zheng said solemnly.

The silver dollar itself is valuable, and its fineness and value are fixed, making it easy to distinguish between true and false. It was a great success once launched.

Zhao Xu was overjoyed and said: "If you pass the order, the Coin Mining Supervisor will do its best to mint silver coins. From now on, all military salaries and official salaries will be issued with silver coins."

The silver coin had just been issued. In order to avoid instability in the court, Zhao Xu only tried it among the people. Now that the response from the people has been great, Zhao Xu took advantage of the trend and promoted it in the court. He will definitely promote the silver coin throughout the Song Dynasty in one fell swoop.

"The officials are wise!"

Fan Zheng complimented.

..............................

With the implementation of silver coins in the army and court, the amount of silver coins required will increase dramatically. At the same time, it will be widely accepted by the people all over the world, and the silver coins stored by the government will soon be exhausted.

"Lord Fan, the Money Making Supervisor has no money left." Soon, the Money Making Supervisor came to report.

When the money-making supervisor said there was no silver, it was not that there was no money to spend, but that there was no silver taels to mint into silver dollars.

Fan Zheng nodded and said: "It's time for Feiqian's business to come into play.

"The fee for flying money is capped at a hundred cents!"

As another news came, the Royal Bank of the Song Dynasty once again attracted much attention.

"A hundred cents!"

Many merchants were excited. Kaifeng City was the center of the world, and money was flowing in and out every day. Money in this era was all metal currency, which was extremely heavy and very inconvenient to transport. Many business travelers had no choice but to use flying money from the imperial court. For business, the court charges a handling fee of [-]%.

If it's less, it's okay to say that it would be much more convenient to pay a little money. If it's a large-amount transaction, a fee of [-] guan will be charged for [-] guan, and a fee of [-] guan will be charged for [-] guan. This makes all the elites The scheming merchant felt distressed.

Now that Fan Zheng has just taken charge of the Royal Bank, he directly capped the Feiqian business at a hundred cents, which immediately made the world's merchants and wanderers ecstatic.

"I'm going to send some money!"

At present, merchants are flocking to the Royal Bank, and the flying money business has increased instantly. Whenever Kaifeng merchants need money, they all choose the safe and fast flying money business to transport money.

"Lord Fan is wise! The Fei Qian business is capped at a hundred cents, and the fees earned by the Royal Bank are increasing instead of decreasing." The official of Fei Qian Supervisor said with admiration. Although the Fei Qian fee is capped at a hundred cents, it can't handle the large number of users. On the contrary, the income is much higher than before.Fan Zheng suddenly smiled proudly.

The cost of Feiqian has been greatly reduced. Not only has the fee charged by the Royal Bank increased, but it has also directly promoted the development of private commerce. After all, the more Feiqian is used, the more frequent commerce is, and the economic stimulation it can bring is far from this. The cost of flying money is relatively low.

As the flying money business exploded, a large amount of silver was sent to the Royal Bank of the Song Dynasty, and was immediately minted into silver coins by the coin minting supervisor and put into circulation in the market.

"Not enough, still not enough!"

Due to its convenient conversion, high value, and easy identification of authenticity, silver coins immediately aroused popular popularity among the people as soon as they appeared in the world. The supply of silver coins minted by the money-making prison simply exceeded the demand.

"I'd like to report to the officials that once the silver coins were introduced, the supply exceeded the demand. I think we should continue to mint more silver coins!" Fan Chunchun, the Minister of Household Affairs, couldn't wait to say.

"The minister waits for the second opinion!"

A group of household officials responded one after another.

Without him!Minting silver coins is really huge profit, with a profit of [-]%. During this period, the Royal Bank minted silver coins, and the Ministry of Revenue benefited a lot. Since there was demand among the people and the court could make a profit, the Ministry of Revenue, which was in urgent need of money, naturally advocated increasing casting.

"What do Fan Aiqing think?"

Zhao Xu nodded slightly and asked Fan Zheng.

Fan Zheng smiled bitterly and said: "It's not that the money supervisor doesn't want to mint more silver coins, but that all the silver in the Royal Bank has been minted into silver coins, and there is no silver left."

"What? No more money again?" Baiguan didn't believe it at all. So many merchants used Feiqian business and handled a large amount of cash every day. How could there be no money.

Fan Zheng spread his hands and said: "Not to mention loose silver, even the silver ingots from various vassal treasuries have been smelted into silver coins."

"Impossible! It's impossible for our huge country, the Song Dynasty, to have only such a small amount of money." Zhang Dun said in disbelief.

The silver coins minted by the coin minting supervisor are of equal weight. By counting their numbers, the amount of silver can be estimated. According to the estimation of the courtiers, the silver coins currently minted only account for [-]% of the total silver coins at most.

In other words, at least [-]% of the money is still among the people.

"Yes, at least [-]% of the silver in the world is collected by the people, maybe in the treasure house, maybe buried in the ground, but if they don't send it to the Royal Bank, what can Fan do?" Fan Zheng said helplessly.

All the officials in the court couldn't help but fell into silence, and some even looked away. It was obvious that their family was also the one who hid the silver.

"Why don't the officials ban the use of silver ingots for transactions, and all calculations should be made in silver dollars." Cai Jing suggested with a move in his heart.

Cai Jing is worthy of being a treacherous minister in later generations, and he easily found the flaws of ordinary people. Nowadays, silver coins are prevalent, fake banks are prevalent, and silver ingots that are unchanged in transactions have declined. Taking the opportunity to ban the use of silver ingots for trading, some silver ingots will surely flow to the court. in hand.

Fan Zheng shook his head and said: "Although this method is effective, it has little effect. After all, although the trade of silver ingots is prohibited, the silver itself can be spent as money. Most of the people who hide the silver are people who are not short of money to spend. I'm afraid Nor will it be easy to exchange silver ingots for silver coins.”

All the officials couldn't help but nod. Not to mention the rich landlords, even they would not easily take out the hidden silver and exchange it for silver dollars.

Just when all the officials were frowning, Fan Zheng changed his words and said: "However, there is no way to get those money-hungry landlords to dig out their money and exchange it for silver coins?"

"Seriously?" Zhao Xu couldn't help but said in surprise.

All the officials in the court looked at Fan Zheng in disbelief. You must know that for those wealthy landlords, money is their lifeblood, so how can they be willing to hand it over to others.

Fan Zhengxin said: "This method is to lure with benefits!"

"Inducing each other with benefits?" The Manchu ministers were immediately puzzled.

Fan Zheng explained: "Those landlords and old wealthy people hide their money, firstly for safety, and secondly to accumulate family wealth. If the court can meet the above two points and make these landlords and old wealthy people profitable, it can make these landlords Lao Cai took the initiative to send the money to the Royal Bank."

The officials frowned, Fan Zheng said it easily, but with the stingy character of those landlords and rich people, it might not be feasible at all.

Fan Zheng said loudly: "Where is the safer place for people to hide money? It's just inside the wall at home, under the bedside, under a big tree, next to a manhole, or next to a pigsty."

As Fan Zheng spoke, the faces of the officials in the court couldn't help but change again and again. It was obvious that Fan Zheng's words hit the most hidden place in their minds for hiding money.

"Now the Royal Bank is preparing to reform the young crop money. In addition to distributing young crop money, it will also collect young crop money from the public, with an annual interest rate of [-] cents for the current period and two cents for the dead period." Fan Zheng said solemnly.

"What is a current period and what is a death period!" Zhao Xu asked in confusion.

“The current deposit means that people deposit their money in the Royal Bank, which can be withdrawn at any time, and the Royal Bank will also pay a certain interest. Although the annual interest rate is not much, it is safer than leaving it in your hands, and you can also get a certain amount of income. "Fan Zheng replied.

"What about the date of death?" Fan Chunchun asked with great interest.

Fan Zheng replied: "The death date is to fix the date, also called a fixed period, for example, three months, half a year, one year, or three to five years. Of course, the shorter the time, the lower the interest, and the longer the time, the higher the interest. High, the one-year dead interest is [-]% per annum, and the five-year dead interest is no more than [-]% at most.”

"In this case, I might as well just buy the national debt directly. The interest on the national debt is higher." Cai Jing suddenly sneered.

Fan Zheng explained: "The death date also has certain advantages over treasury bonds. Although the date of death is fixed, it is not fixed. If people are in urgent need of money and agree to waive the interest on the death date, they can also withdraw it at any time according to the current interest, but this is not the case with national bonds. , it will not be paid before the deadline.”

Everyone thought about it for a while. The current deposit is flexible and safe, has high regular interest, and has the opportunity to regret. Compared with the national debt, it does have many advantages.

"And treasury bonds will not be available for purchase at any time in the future. Nowadays, the Song Dynasty's [-]-guan treasury bonds have been sold out in just one month, and they are not sold at all in the rest of the day. In addition, the Royal Bank will hold a large amount of treasury bonds in the future. It is to quickly provide money to the court, and secondly, the Royal Bank also needs to make a profit to pay current and regular interest, which leaves fewer opportunities for the private sector and the common people to purchase national debt." Fan Zheng said calmly.

The official's mouth twitched. The interest on the national debt issued by the court was three to five cents. However, the interest on current money given by Fan Zheng to young people was almost negligible, and the interest on dead money was only two to three cents. The difference can be imagined, and even more Not to mention there is an interest rate of [-] penny for young crops.

"If all the money in the world is concentrated in the Royal Bank, I am afraid that the income alone will not be enough to pay the huge interest." Cai Jing asked.

The officials' eyes suddenly became solemn. The people of the Song Dynasty had more than millions of money. If such a huge amount were concentrated in the Royal Bank, what a huge fortune it would be!The interest alone would crush the Song Dynasty.

Fan Zheng waved his hand and said: "What's the problem? If too much money is deposited, the Royal Bank will take the opportunity to lower the interest rate, so the expenditure will be reduced. If the money deposited is too little, the Royal Bank will It will raise interest rates to attract deposits from people all over the world. In short, Royal Bank may make less money, but it will definitely not lose money."

“You can make less money, but you will never lose money!”

All the officials tasted Fan Zheng's words carefully and couldn't help but sigh with emotion. With Fan Zheng's ability to turn stone into gold, the court felt that letting Fan Zheng take charge of the Royal Bank was the right move.

In this way, the Royal Bank is really a cash cow for the Song Dynasty, and the chronic waste problem of the Song Dynasty may be alleviated.

(End of this chapter)