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

Chapter 323: Thousands of young people’s money
As soon as the news of the Royal Bank's launch of deposit money for young people came out, it immediately aroused heated discussion among many people.

"I know the money for lending young crops, but what's going on with the money for saving young crops?" Many people in Kaifeng asked in confusion.

"This is not simple! You give the principal and interest to the court when you borrow money for young crops, and the court gives you principal and interest when you deposit money for young crops!" A merchant said concisely and comprehensively.

This is also the name of Fan Zheng who did not have deposits and loans from later generations, but directly borrowed young people's money, which everyone in the Song Dynasty can understand.

"Is there such a good thing?" Many people in Kaifeng asked excitedly.

"A good thing? That's our hard-earned money, how can we hand it over to others so easily." Some Kaifeng people said, "Everyone knows that money is only safe in their own hands, so they naturally don't want to hand it over to others for safekeeping."

"Safe in your own hands? That's not necessarily the case." Someone else sneered.

The city of Kaifeng has a population of over one million, and people from all religions and schools are everywhere. It also breeds many criminal cases involving thieves, robbers, and murderers.

In particular, merchants need to operate and frequently use money to circulate. It is not safe to hold a large amount of money in their hands, and they often become targets of thieves and robbers.

There are also wanderers from other places who have no friends in the city of Kaifeng. It is difficult to move around without money. If you have too much money, you are worried that others will take advantage of your wealth. However, the Royal Bank's current youth money is safe and can be accessed at any time. They will soon become these. The best choice for people.

As Kaifeng merchants and out-of-town travelers frequently used demand money, it was safe and convenient, and gradually won the trust of Kaifeng people.

However, many people frowned and kept secrets about the money for young people before their death.

The government guarantees the repayment of the national debt, and the interest rate is high, but the dead money also takes a long time, but the interest rate is much lower than the national debt.

"Treasury bonds cannot be withdrawn in advance, but dead money can be withdrawn at any time according to the interest rate of current money." Some people in Kaifeng said popular science.

Furthermore, when people understand the difference between demand and death, they will feel relieved.

"The annual interest rate for loaning young crops is one cent, and the annual interest rate for depositing young crops is two cents. The evil doctor Fan Zheng is really good at calculating. In this way, the Royal Bank earns eight cents in interest." The businessman said with envy.

"Two cents interest is fine, two cents a year for one hundred pennies, two cents a year for one hundred guan." Many people counted on their fingers.

It is not safe to bury money at home, nor can it generate money. Putting it in a bank is safe and you can earn a certain amount of interest every year, which makes many people slightly interested.

Although the interest rate of national debt is high, the time period is too long. If money is urgently needed, national debt cannot be converted into cash in time. Although the interest rate of dead money is lower than that of national debt, it is more flexible. Current, dead money and national debt have their own advantages and disadvantages. So, It depends on personal choice.

Besides, now that the national debt is sold out in just one month, you can't buy it even if you want to, but you can save the money of young people at any time.

The real rich people in Da Song are not the merchants. The merchants need a lot of money for turnover. The Feiqian business is tailor-made for the merchants.

The really rich people in the Song Dynasty were the big landowners!The most valuable asset in this era is land.

A hundred years after the founding of the Song Dynasty, during these hundred years of peace, major landowners accumulated a large amount of money, mainly silver, which was of high value and easy to store.

Although the regular green crop money has been explained clearly, the major landowners who really control a large amount of gold and silver are still waiting and watching.

Fan Fuzhong!
When Fan Zheng returned to Fan's house tiredly, he found that Li Qingzhao had dug out all the money in the house.

"What is this for?" Fan Zheng asked in confusion.

Li Qingzhao said proudly: "No one will support my husband until his death. I will save all the dowry I brought until my death to support my husband."

Fan Zheng didn't know whether to laugh or cry: "What can you do with this little money?"

Li Qingzhao said solemnly: "Although my money is only a drop in the bucket, it can represent the attitude of the Fan family. Even the Fan family themselves have deposited money for young people before their death in the Royal Bank. Other colleagues will be happy to follow suit."

Fan Zheng was suddenly enlightened, yes!Only if he leads by example can people around the world trust Royal Bank.

"My wife is indeed the most talented woman in the world, and she has actually solved her husband's biggest problem." Hearing this, Fan Zheng picked up Li Qingzhao and kissed her several times, laughing loudly.

"What about broad daylight?"

Li Qingzhao punched Fan Zheng's chest several times in a coquettish manner, but the force of his blow became lighter and weaker.

The next day, Li Qingzhao took his dowry and the Fan family's wealth to the Royal Bank with great fanfare to deposit money until his death.

Immediately afterwards.The other three families of the Fan family, Su Shi, Zhang Lei and other aristocratic families who had good relations with the Fan family also came to the Royal Bank to make deposits, which immediately aroused a lot of heated discussion among the people of Kaifeng.

"Even the Fan family and the aristocratic families they have good relations with come here to save money for young people before their death. There should be no problem." Some people in Kaifeng nodded.

"You can withdraw the money for young people who are dying at any time. How do you know this is not a show? You can withdraw it after a few days." Some stubborn people still doubted.

Immediately, another piece of news came, and the doctors announced that they would hand over the income and expenses of major hospitals, as well as the payment of doctors' salaries, to the Royal Bank.

Kaifeng was in an uproar as soon as this news came out. You must know that the doctor is Fan Zheng's biggest backer. He handed over all the doctor's money to the Royal Bank, so he naturally has great confidence in it, not to mention the golden name of the Royal Bank.

Nowadays, some people in Kaifeng who have a lot of money no longer have any doubts about the money given to young people before their death. After all, there is a certain amount of interest every year, which is extra income.

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

"Father! The Chen family has already missed out on the national debt, and they must not miss out on the dying young crops money again!"

In Kaifeng County, in the house of wealthy man Chen, the eldest son Chen spoke earnestly.

When the national debt was first issued, Chen's eldest son urged Mr. Chen to use his family wealth to buy national debt. However, Mr. Chen regarded wealth as his life and had many concerns and was unwilling to buy national debt.

"The five-year government bond has an annual interest rate of 120% and [-] guan. You can get [-] [-] guan in five years. You don't want to. What can you do if you bury the money in the soil? Can you still plant a money tree?" Chen's eldest son said heartbrokenly.

Mr. Chen is extremely conservative. Although the interest rate on national debt is high, he still has many concerns and is ready to wait and see.

But who would have expected that in just one month, all 1000 million treasury bonds would be sold out, which made the Chen family regretful that they had missed this opportunity.

Now the Royal Bank has launched a deposit for young people. Although the interest rate is not as high as the national debt, it is extremely flexible and can be used and withdrawn at any time. I immediately advised my father.

"Although the five-year death period is only three cents, a principal of one hundred guan can still get 110 five guan principal and interest in five years. My Chen family's Qianguan family property can increase by 150 guan in five years, and it will be 30 guan in ten years. And I The Chen family's wealth has been buried underground for at least 30 years. If the Royal Bank had existed earlier, at least a thousand dollars would have been lost." The eldest son of the Chen family said sadly.Rich Man Chen exclaimed: "If it is deposited in the Royal Bank, it will take more than [-] years for the Chen family's wealth to double?"

"This is still the lowest plan. If we buy 20% of national debt, the Chen family's wealth can be doubled in [-] years!" The eldest son of Chen is as addicted to money as Mr. Chen. The only difference is that Mr. Chen insists on clinging to money. When it comes to money, Chen's eldest son never misses any opportunity to make money.

"But what if the Chen family is in urgent need of money?" Rich Man Chen hesitated.

The Chen family is a big family, and they often need money. This is one of the reasons why he is unwilling to buy national bonds.

The eldest son of the Chen family advised: "The Chen family will naturally not deposit all the Qianguan family property at once. They can keep some current young crops as backup, and save some during the death period from one to five years. Next year, if there is an opportunity, they can buy some more with higher interest rates." national debt, in this way, the Chen family’s wealth can be doubled in 30 years, which is comparable to the output of a thousand acres of fertile land.”

You must know that it took the Chen family a hundred years to accumulate the wealth they have today. Now they only need to deposit it in the bank to double their wealth in 30 years.

Rich Man Chen's heart suddenly pounded, and he finally nodded in agreement and decided to deposit the Chen family's money in the bank.

On that day, the Chen family and his son dug out the silver ingots buried in the ground and carefully wiped the thousands of silver ingots clean one by one.

The Song Dynasty adopted the hexadecimal system, one pound was equal to 16 taels, and a thousand taels of silver was less than a hundred pounds. The father and son quietly drove a carriage to Kaifeng City and deposited it in the Royal Bank without borrowing it from others.

"Is this really reliable? What if the deposit certificate is lost now?"

Looking at the thin voucher in his hand, Rich Man Chen felt as if he was in a dream, still feeling uneasy in his heart.

"Didn't my father have his fingerprints pressed? Even if he loses it, he can retrieve it with his household registration and fingerprints." Chen's eldest son explained.

Since Su Dun used the fingerprint method to solve crimes, fingerprint signatures have been widely used in various fields. One of the most important credentials of the Royal Bank is the fingerprint method.

"But..." Rich Master Chen still hesitated.

Chen's eldest son said helplessly: "If father doesn't believe it, he can go to the Royal Bank to withdraw the money."

Looking at the official's personal signature and jade seal on the Royal Bank plaque, as well as the landlords and wealthy people who had obviously brought their money to the Royal Bank to deposit money, some of them looked familiar to him, and he finally nodded heavily.

Mr. Chen’s family is not an exception. The richer the people, the more calculating they are. The more money they have, the more interest they will receive.

There are profits and losses in doing business. Although loan sharking makes money, the money from the court's young people has already impacted the loan sharks to a great extent, not to mention the risk of defaulting on the debt. Burying it at home not only poses a safety hazard but also earns no interest.

To sum up, depositing in the Royal Bank is the best choice for the feudal, conservative, stingy and money-grubbing landowners of the Song Dynasty.

As boxes of gold and silver were dug out from the ground, they were sent to the Royal Bank, and then sent to the money-making prison, where they were minted into silver coins one by one and flowed into the market.

The silver coins flowed into the market, circulated around, and were then deposited into the Royal Bank.

With the rapid circulation of silver coins, the original money shortage of the Song Dynasty was cured. Throughout the second year of Shaosheng, the Royal Bank became a hot name in the Song Dynasty.

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

"Congratulations to the Royal Bank for depositing tens of millions of young crops!"

The third year of Shaosheng had just begun, and a bright red banner was hung in front of every royal bank in the cities of the Song Dynasty.

The whole world was shocked.

"Wonderful!"

Countless people exclaimed. Not only had they never seen so much money, they had never heard of it.

The annual fiscal revenue of the Song Dynasty was only 9000 to [-] million guan, but the Royal Bank actually deposited more than [-] million guan for young people. It is not an exaggeration to say that the wealth is as great as that of the country.

As soon as this banner came out, it had an unexpected effect.

The landlords and wealthy people who were originally worried about their own money were relieved. The Royal Bank's principal had already reached tens of millions. Their hundreds or thousands of Guan were not worth mentioning at all. There was no need to worry about the Royal Bank not being able to withdraw the money.

In court,
After the officials got the news, the court was shocked. Zhao Xu and the officials immediately summoned Fan Zheng.

"Is there really tens of millions of money in the Royal Bank?" Zhao Xu still couldn't believe it. Even he, the emperor, had never seen so much money.

"Not bad! And this is only the young people's money deposited by Royal Bank in the first half year since it opened. If nothing unexpected happens, the young people's money deposited by Royal Bank will be more and more in the future." Fan Zheng said proudly.

"Ten million guan, even if it is based on the average interest rate of 200%, wouldn't it be an interest payment of [-] million guan a year?" In the court, the ministers were in an uproar after hearing the news. If there are more in the future, wouldn't that be interest money? will increase dramatically.

The Song Dynasty court has always been troubled by lack of money, but now for the first time, officials in the Manchu Dynasty have experienced the trouble of having too much money.

"The imperial court has issued 1000 million guan of national debt, and now it has to pay 200 million guan in interest every year. Coupled with the expenses of the court and China, this burden is probably heavier than the previous annual guan." Cai Jing angrily yelled.

Fan Zheng shook his head and said: "Ministers, please don't get confused. The 1000 million national debt is the debt of the Ministry of Accounts. The Royal Bank is responsible for underwriting it, but it is not the debt of the Royal Bank. The Royal Bank is responsible for its own profits and losses. It only needs to be responsible for the deposit interest. Can."

"Fan Taicheng will be responsible for the bank interest of 200 million yuan a year or even more in the future." Fan Chunchuan reminded kindly.

You must know that the interest on 1000 million guan of national debt is only 50 guan at most, which has already placed a heavy burden on the Ministry of Accounts. However, the Royal Bank directly has to bear the interest of 200 million guan. This is not something that one person or one department can bear.

If this money were placed in a small country, it would be enough to bring it down.

Fan Zheng nodded and said: "Yes, Royal Bank will be responsible for its own profits and losses, and will bear the interest of 200 million yuan alone."

"You don't know what you can do!" Cai Jing sneered.

According to the agreement between the Ministry of Accounts and the Royal Bank, all the benefits generated from the minting of silver coins belong to the Ministry of Accounts. Now that the flying money business is capped at a hundred dollars, although the income has increased, it is extremely limited.

Fan Zheng said proudly: "What's so difficult about this? All we need to do is lend out these tens of millions of young people's money and get back 200 million. Isn't it easy?"

"Loan tens of thousands of dollars to young people?" All the officials in the court couldn't help but were shocked and looked at Fan Zheng in disbelief. Transactions of tens of millions of dollars had never happened even between countries, but now they appeared in Fan Zheng's hands. in the mouth.

(End of this chapter)