People live in the Ming Dynasty, evil spirits are soaring into the sky

Chapter 413 The bank absorbed nearly five million taels of silver in the first month!
The use of opera to publicize the current vigorous and efficient work of the Tax Inspection Bureau was actually a project of Daming Engineering College with the support of Chen Han.

Previously, Chen Han accepted many talented students in opera, and now their achievements are showing their power in Ningbo.

In fact, operas emerged in various places in the Ming Dynasty, and even gave birth to great dramatists like Tang Xianzu.

Opera has long been deeply rooted in the hearts of ordinary people, and listening to it in leisure time has become a form of entertainment.

It is for this reason that we actively encourage folk opera masters to collect them, and ask them to include the current national policies, the events happening in the Ming Dynasty, and the situation after the reform in their operas.

Through this popular entertainment program, people can understand what is happening in the Ming Dynasty.

So far, the Ming Dynasty had too few sources of information dissemination channels. Even if there were so-called official reports, they were not enough, and the invention of newspapers had limited dissemination.

Because the common people's cultural knowledge level is too low, they simply cannot understand what is recorded in the newspapers.

Therefore, we still have to use some approachable communication methods to let the common people see the development of the Ming Dynasty in an entertaining way.

Let the people know that the Ming Dynasty has changed a lot.

For example, in the promotional drama about the Tax Inspection Bureau promoted in Ningbo City.

Many typical cases that made the common people hate them so much have been included in it, which shows the Tax Inspection Bureau's decisiveness, bravery and fearlessness.

It also shows how strict the imperial court is in cracking down on counterfeit banknotes.

Let those speculators who originally wanted to get rich by exchanging fake silver notes for silver see this.

Under the thundering measures of the Tax Inspection Bureau, if you are really prepared for the worst, then come. If you don’t have such means and conditions, you have to take risks and engage in this business.

What you will face is the butcher knife of the Tax Inspection Department.

Especially when Mr. Liang and his people had found the most powerful folk rubbing master, but he was still recognized at a glance by the Ming Bank.

It also lets the common people know their own worth.

If such a powerful person can be identified in a short time, let alone myself.

Especially Old Li, there are actually some people in Ningbo who have heard of his name.

Some older people immediately knew who the old man there was.

Because there was a time in Ningbo when many of the city's pretentious people knew that there was a master in the circle who could imitate ancient paintings so realistically.

The paintings he copied were so sensational that even if the painters came over, they might not be able to distinguish their own paintings from the copied ones.

However, such a powerful figure was exposed under the sharp eyes of the Ming Bank. Those speculators knew that the cost of crime was too high and they would be beheaded if caught.

In the opera, Mr. Liang and his men were caught and two people were killed after they simply forged more than a hundred taels of silver notes. They were killed directly by the Tax Inspection Department without any trial.

This bloody fact made the common people fearful, but also made them more confident about the silver bills.

With such a powerful armed force ensuring the smooth passage of silver bills, who would still worry that the silver bills in their hands would become a piece of waste paper?
With this guarantee, there was no need for the Ming Bank to raise interest rates again for a period of time. The common people took out the gold and silver hidden in their homes and deposited them in the Ming Bank, and then received silver bills one by one.

The face values ​​of these silver notes vary, the smallest being one tael of silver and the largest being one thousand taels.

In the same month that the silver bills were introduced, many merchants came to Ningbo and found it very convenient, especially because the Ming Bank not only had branches in Ningbo, but also in Hangzhou, Shaoxing, and Yangzhou, Jiangsu to the north.

It was quickly replicated in these economically developed regions.

The Bank of Ming even had branches in places farther away, such as Huizhou Prefecture in Southern Zhili, which is close to the mainland, and Nanchang Prefecture in Jiangxi and other economically developed water towns in the south of the Yangtze River.

It seemed to have been formed almost overnight, except that the other branches were smaller than the Ming Bank’s headquarters in Ningbo, but they were also sufficient in terms of acceptance capacity.

Because Chen Han wanted to promote the concept of a bank from the beginning, he had already asked the local Baochao Tizhusi to start building the framework locally.

The establishment of the Baochao Duzhusi and the Taxation Inspection Bureau was initially intended to prepare for the establishment of banks. When the Baochao Duzhusi was established in various places, it was equivalent to setting up a stabilization warehouse, in which a certain amount of silver would be stored.

While Chen Han was continuously transporting the gold and silver looted from Japan, Princess Ning'an did not deposit all the gold and silver into the head office in Ningbo, but instead distributed them to other banks.

Because Princess Ning'an knew very well that once she gained the trust of the common people, Chen Han would be able to get more spoils from Japan to fill the price stabilization treasury of the Ming head office, so she had to first ensure that other branches had a certain degree of acceptance capacity.

Of course, the most effective way is to equip each bank with an opera troupe, which would go to the local area to publicize the power of the Tax Inspection Bureau and the policies of the Ming Bank. In this way, a lot of stabilization silver would be quickly absorbed locally.

With these stabilization silvers as capital, banks no longer have to worry about bank runs.

Princess Ning'an was even very constructive and chose a government office in each branch to set up a certain turnover warehouse.

The turnover warehouse is mainly used to store a certain amount of silver and gold. Once a nearby branch encounters a bank run, the gold and silver in this warehouse can be directly transferred to other places.

If such a disturbance had not occurred, this turnover warehouse would have become a temporary storage place for the transportation of taxes from various places during busy times.

This entire basic framework is slowly being built.

Chen Han is definitely not the kind of person who can achieve success overnight. He knows very well that the framework he has built now is only convenient for people doing business, but may not necessarily facilitate the daily lives of ordinary people.

Because ordinary people do not need such large sums of money on a daily basis, even one or two taels of silver is a small sum of money for ordinary people.

Therefore, ordinary people deposit their family savings in banks just to earn interest.

After the bank has the money, it will quickly proceed to the second step, which is lending.

After all, we have to pay interest to so many ordinary people. We can't just live beyond our means and wait forever for Chen Han to plunder Japan through war. We have to increase revenue and reduce expenditure.

This kind of business is called "donkey roll" in the folks, and it has long been very familiar to people. However, the folk "donkey roll" may cause many ordinary people to lose their homes and even make many businessmen lose all their money.

However, the lending business promoted by the Ming Bank has a much lower interest rate than the private donkey rolls.

Of course, there are certain thresholds for borrowing, and it is definitely not something that those idle people can borrow on a daily basis.

If you want to borrow money from a bank to do business, you must have collateral. Whether you have a house, a shop, or land, you can only borrow money if you have collateral.

Of course, this interest rate is much lower than the so-called donkey roll.

This greatly facilitates those who want to do business but have no capital.

This move quickly promoted the emergence of a large number of businessmen, especially some small businessmen. With formal financial channels to provide a safety net for ordinary people, the benefits generated were very good.

Many young people who were smart but had no capital simply mortgaged their own properties and borrowed 20 taels of silver from the bank to start their own business.

Moreover, after lending out the money, although there will be a certain amount of interest, these banks will not ask you to repay it all at once, but will require you to repay it in twelve or twenty-four installments.

Even the interest rates are fair, open and transparent, allowing you to feel confident when borrowing.

All this came from Chen Han’s planning.

Princess Ning'an and the others just need to follow Chen Han's plan.

After this month, Princess Ning'an finally felt what a fulfilling life was like.

When he was a princess, although his family had some land and property, he didn't need to worry too much.

All you have to do is arrange people to go to people's homes to collect rent on rent collection day, and your life is extremely poor and boring.

But since she met Chen Han, her life has changed dramatically, and now her career has also ushered in a second spring.

If she had not met Chen Han, how could she have imagined that one day she would be in control of such a big plate.

A month later, Li Hai came to report to him. He was shocked by the projects reported by the Ming Bank's head office and local branches.

Li Hai, as the chief treasurer of the Baochao Dujiusi and Ningbo, and now the head of the bank's head office, was also shocked when he received the accounts reported from various places and the head office.

"Princess, do you know how much silver we have absorbed this month?"

Seeing the excitement on Li Hai's face, Princess Ning An didn't beat around the bush. "What's there to be excited about? You are a big shopkeeper, but such a small amount of silver can make you so excited. If there is more in the future, won't you faint directly?"

Li Hai smiled with a flushed face, "You have seen the world, but I am just a small shopkeeper. I have never seen a big world. I am like a toad at the bottom of a well. I always think that the sky above my head is as big as the well mouth. So now that I have encountered such a large sum of money, I really feel like I am dreaming."

Princess Ning'an smiled and ordered someone to bring him a cup of tea, asking him to drink it first before talking.

He started reporting only after Li Hai finished his tea.

"Princess, I will now report to you the amount of silver that the branches in various places have absorbed.

First, the Hangzhou branch absorbed more than 570,000 taels of silver;

The Shaoxing branch received more than 410,000 silver taels;
The Yangzhou branch received more than 780,000 silver taels;

The Suzhou branch took in more than 450,000 taels of silver;
The Yingtianfu branch took in more than 300,000 taels of silver;
Huizhou absorbed more than 240,000 silver taels;

Nanchang Prefecture absorbed more than 310,000 taels of silver;

As for our Ningbo head office, the total amount of silver absorbed was more than 1.72 million taels.

The total is more than 4.78 million taels."

Close to five million taels of silver is indeed a huge sum, no wonder Li Hai was so excited.

After all, this is the amount of silver absorbed in one month. Although the speed of absorbing nutrients will slow down after the first few months, this number is still enough to be proud of.

However, with so much silver absorbed, the interest to be paid out every month is also tens of thousands of taels of silver. To calculate this interest, a lot of people have to be hired. Although this problem has solved the job of many accountants, it has also increased the salary expenses.

All of these must be controlled by Princess Ning'an, so the same old saying still applies: increase revenue and reduce expenditure, and never live off the resources.

In two months, although Chen Han will send another shipload of gold and silver, and the total amount may reach one or two million taels, he still has to open his arms to promote business development.

Princess Ning An then asked, "How much silver should we lend out?"

Li Hai was also very happy: "We have lent out more than 1.94 million taels of silver. According to the current interest rate, we have to pay a total of more than 52,300 taels of interest every month.

The interest that can be collected this month is a total of more than 42,000 grains, with a difference of about 10,300 taels."

In fact, this interest rate spread is acceptable. After all, nearly 4.8 million taels of silver were absorbed, and less than 2 million taels were lent out, but the interest rate spread is only about 10,000 taels.

Princess Ning'an still prefers to listen to Li Hai's report on the interest rate spread.

She believed that if she released more, silver would be profitable.

Although the loss was more than 10,000 taels in the first month, it didn't matter because the Ming Dynasty now had a very solid foundation.

Especially after Chen Han managed to bring back more than 1 billion taels of silver to the national treasury, Chen Han meant to let them do their job freely and not to feel sorry for the money.

As long as the framework is laid first, even if you have to lose money up front, just consider it as welfare for the people.

But what was unexpected was that Chen Han would definitely be happy, because now Princess Ning An and the others not only had nothing, but the Ming Bank had lost too much and almost made a profit in the first month.

Firstly, it is right for the Ming Bank to implement Chen Han's policies now. Secondly, it is because Chen Han has been vigorous and resolute in his crackdown on the powerful families in Jiangnan during this period, and has achieved particularly good results, killing many of the powerful families.

The common people applauded, especially those powerful families who had been sucking blood from the common people. After Chen Han pulled them out one by one like pulling out nails, the common people were quite welcoming.

So once they heard that Chen Han was the helmsman of Daming Bank, the people eagerly joined in.

In addition, Princess Ning'an and others' efforts in cracking down on counterfeit banknotes have not been in vain.

Ordinary people believed that silver bills would not depreciate, and they believed that depositing silver in the Ming Bank would be profitable, so this good phenomenon occurred...

(End of this chapter)