Desert Eagle Suletan Khan

Chapter 242 Shi New Deal shows great promise

"Does Zhang Aiqing have any regulations regarding bank operations?" Sultan asked with a smile.

"I believe that if you want a bank to prosper, the most important thing is to have sufficient capital. In addition to depositing treasury money, official salaries, and military pay that are not urgently needed by the court into the bank, you should also provide certain interest rates to depositors to attract them to save. Accumulating steps can lead to a thousand miles, accumulating small streams can lead to rivers and seas." Zhang Baoyuan is confident.

In the fifth year of Wanli (1577), Pang Shangpeng approved the establishment of a money shop, which was the beginning of the legalization of the money shop. At the beginning, the bank only had the function of exchanging currency. It was not until the end of the Ming Dynasty that it began to operate deposits, loans and other businesses, from which money bills were derived. However, in this era, there is no interest for depositing money in banks. Some banks even require depositors to pay a certain amount of insurance to ensure the safety of depositors' money. Zhang Baoyuan's suggestion is very later-generation style.

Suletan's eyes brightened, and his look at Zhang Baoyuan became more kind. "Other banks don't give interest to depositors. If only our bank does, will it increase the bank's costs and affect its profits?" When he said this, he was very lively. He was speaking like a shareholder, completely forgetting his status as an emperor.

Zhang Baoyuan was secretly happy in his heart, suppressing a smile and respectfully explained, "Nowadays, there is only one bank in the Kingdom of David and even in the entire Oirat. The business is very good. All that is missing is money. Give up small profits and absorb savings with minimal interest. With the money in your hand, If you have enough, you can lend it out at a higher interest rate, and the profit will only be higher. Besides, this is the first time a bank has been established, so it can also build a reputation."

I found a treasure. This treasure source is really a talent!

Sultan was so elated that the word "accurate" came out of the dragon's mouth.

"I suggest changing the bookkeeping method from a three-legged account to a four-legged account."

This Zhang Baoyuan actually knew how to use double-entry accounting. Suletan nodded secretly and uttered the word "accurate".

"In terms of lending, Chen plans to focus on industries with quick results and high profits, such as mining and textiles. These industries have fewer bad debts and the loaned money can be recovered quickly."

This time, Sultan had a different opinion. The emperor, standing tall and seeing far, naturally has a bigger picture. He frowned and taught: "Your eyes should not only focus on making big money, but also take into account people's livelihood. For example, in a disaster year, we might as well lend money to the people at low interest rates to help them tide over the difficulties."

"Your Majesty is benevolent, how lucky are the people to meet the Holy Lord?" Zhang Baoyuan's flattery came out of his mouth.

"The minister's suggestion"

"allow"

The more the monarch and his ministers talked, the more they speculated. They forgot the time and the existence of others.

Because it was guaranteed by the credit of David's court and there was a certain amount of interest, David's bank soon attracted more than one million taels in deposits. Adding the principal of one million taels, the capital in hand exceeded two million taels.

However, something embarrassing happened. The Moxi region was economically backward, and most people were unwilling to borrow money. Those who were willing to borrow money often could not provide collateral, resulting in a large amount of funds being unable to be loaned out.

This is not a problem for the smart and capable Zhang Baoyuan. He asked people who wanted to borrow money but couldn't provide collateral to find someone to guarantee it. As long as they could find a qualified guarantor, they could get a loan even if they couldn't provide collateral. He also posted notices at the gates of government offices and in the imperial newspapers in various places, welcoming People who were interested in mining, building factories, or doing business but lacked capital came to the bank to borrow money; they also actively contacted major merchants and lent excess money to major merchants. After a lot of effort, most of the money was loaned out, except for a part of the money that was left for depositors to redeem.

Gradually, David Bank became more and more famous. I heard that this bank has a good reputation and can earn interest on deposits. Not only domestic people, but also some foreign companies and businessmen who often travel to and from Moxi to do business also deposit their spare money in the bank.

The bank's ability to attract deposits continues to increase, and the amount of money it lends also continues to increase. With the continuous "blood transfusion" from banks, the David Kingdom started a trend of mining, building factories and doing business. Various workshops, factories, mines, and business houses sprung up like mushrooms after a rain.

Emperor Qianyuan's new policy was multi-faceted and involved all aspects. Fortunately, the Kingdom of David was a newly established country, so there was much less resistance to reform than the old and sluggish empire. For example, there were more than 400 officials in the Ministry of Household Affairs of the Ming Dynasty. If the laws were changed according to Emperor Qianyuan, the officials would have fallen out. But the David Dynasty didn't even have a state, and most of the officials in the Ministry of Household Affairs were newly recruited. They didn't touch the interests of too many people, so it was easy to change. It is like a piece of white paper, waiting for Suletan, a master of painting, to splash ink on the paper.

With a stroke of his pen, he changed the Ming Dynasty's six-year inspection of Beijing officials to the same three-year plan as the assessment of foreign officials.

In order to punish corruption, he increased the manpower of the Inspectorate and sent patrol censors to each province. In addition, "Dengwen drums" were set up at the gate of the censor's platform and at the gate of each inspection office, and special personnel were ordered to take turns to record the records.

In terms of taxation, he sent people to various places to compile fish scale atlases to verify the pastures, acres, and population of each place. He set the tax rate for animal husbandry and agriculture at two-tenths, the mining tax at one-tenth, and the customs and handicraft tax at one-tenth. It was set at 5%, the commercial tax was set at one-thirtieth, and the salt tax was 22 cents per catty; the city gate tax, quota tax, corvee and various miscellaneous taxes were cancelled, and corvee was changed to hired labor. .

The mining ban was abolished, and except for strategic minerals such as gold, silver and copper, private mining of other minerals was allowed, and private mining became popular for a while.

The salt affairs were inspected and the salt tax was collected.

He rewarded farming and weaving, ordered Qin Tianjian to promote the "Chongzhen Almanac", translated agricultural books from various countries, personally promulgated edicts to encourage agriculture, and ordered the Ministry of Rites and the Ministry of Households to distribute them to various places, encouraging people to cultivate wasteland, stipulating that wasteland should be owned by the cultivators, and introducing sweet potatoes and other high-yielding products. crop.

The Ministry of Works ordered the Ministry of Water Supervision and the Second Department of Tuntian and officials in charge of water conservancy in various provinces to overhaul canals and dams in various places. Among them, Kunga Odesir, the chief envoy of the Western Regions, was commended for his effectiveness in building water conservancy.

Attaching great importance to scientific and technological innovation, he ordered Qin Tianjian to promote various scientific and technological knowledge and open various scientific and technological disciplines in Guozijian.

In the military aspect, military regulations were promulgated and military discipline was promulgated; training was strengthened, and all departments were required to practice diligently regardless of whether they were fighting soldiers or garrison soldiers. It was stipulated that every third, sixth, and ninth day was a major drill; military merits were awarded, casualties were compensated, and the merit for winning a head was changed to The governor of the town registered meritorious service; strengthened armament, and established a special armament department in the Ministry of War, which consists of five departments: war horses, firearms, armor, munitions, and ships. Systems were formulated to ensure quality and reward inventions and creations heavily.

The Ministry of Industry was ordered to supervise the repair of post roads in various places, and it was stipulated that private land rents could only be charged at most two-tenths, and loans could only be charged at most one-tenth.

It advocates freedom of belief, peaceful coexistence of major sects, and allows Confucianism, Taoism, and Buddhism to preach.

Intermarriage among the Mongolian, Han, Hui, Kazakh, and Kyrgyz ethnic groups is encouraged, and there is a clear edict on intermarriage. The government rewards each newlywed couple with a sheep, two pots of wine, and five measures of grain.

(End of this chapter)