Ming Zhengzhi, I am Zheng Kezang

It is a joke in itself that the Tokugawa shogunate wants to send the former base of Edo to Zheng Kezang. It must be known that the so-called "send in" does not mean that the ownership has changed, but that there is an extra nominal master. Every year, a symbolic annual tribute is given based on the amount of production.Therefore, although the Edo area is one of the most prosperous areas in Japan, the tax revenue can be as high as several 10 taels a year, but one-tenth of the annual tribute that can really be paid to Zheng Kezang noodles is already very good. up.So.Is Zheng Kezang short of this, 2 taels of silver?The answer is naturally no.

It is estimated that Zheng Kezang does not know how much money he has, but according to the figures reported by the manager of the inner court at the end of the 12th year of Wucheng, only one item of Huangzhuang in each province, the inner court occupied about 420 ( The land of Huaxia) A is almost equivalent to the area of ​​the entire Jiangnan province

It's hard to calculate the land value of these Huangzhuang. Even the annual output of Huangzhuang is as high as one million guan, but this is only a small part of Zheng Kezang's wealth.In fact, since the business scope of the Inner Court Manager’s Office includes transportation, maritime trade, manufacturing, mining, pawnshops, money business, restaurants and inns, private postal delivery, jewelry and silver buildings, antique sales, etc., Zheng Kezang is now sitting on a huge empire. At the same time, its economic power is enough to reshape an empire.

Of course, Zheng Kezang is wise. He predicted early on that the wealth owned by the royal family would increase to the level of legal calculation, so he stipulated that Huangzhuang should pay land taxes in various places normally, and that Huangdian should not implement monopoly and operate with power. , so as to avoid the royal family economic problems that had occurred in the Ming and Qing dynasties that led to the bankruptcy of the country's finances; The New Year's rewards of the feudal officials are also the accounts of the inner court, and they do not need to be paid by the state finances.

It stands to reason that what Zheng Kezang has done has surpassed most of the previous kings who were hard-pressed to give up money, but there are still some people who are worried and dissatisfied with the huge wealth accumulated by the inner court. [

At the beginning of the 13th year of Wucheng, Duzhi and Yantie jointly requested to transfer the two major banks of Sihai and Tonghai to the state.

When the memorial arrived in front of Zheng Kezang, Zheng Kezang was furious and retorted: "The operation of the bank is based on profit-making, if it is transferred to the "government", it is not just giving people a handle, it will only make people say that the country is taking the benefits of the people. "

Zhang Riyao, a cabinet minister and minister of the Duzhi Yamen Association, reported back: "The inner court is also suspected of taking profits from the people in running the bank."

Zheng Kezang laughed angrily, and immediately announced angrily that he would sell the shares of the two banks. From then on, the inner court would only retain eleven of the shares.

Yu Ping, Minister of the Yantie Yamen Association, therefore asked for an order: "Can the accounting division take over the shareholding?"

Zheng Kezang gave the "No" at the beginning, and then, considering the tightness of the treasury, he changed it to allow the treasury department to buy one-tenth of the shares. In addition, the provinces were allowed to raise funds to jointly buy one-tenth of the shares. Private market selling.

The news that the two big banks, Sihai and Tonghai, were selling shares to the private sector detonated the entire market. People with a little financial resources in various places are gearing up to grab a share. On the contrary, it is clear that the Jisi Sanyamen and the provinces that can buy one-tenth of the shares are gone. movement.There is nothing strange about this matter to put it bluntly. Ji Si actually wanted the white wolf to pick up a big golden doll from the royal family, but it is impossible for them to spend money to buy shares. You know, the treasury has There are more or less savings, but it is definitely not enough to buy shares in the two major banks. As for the provinces, the same is true. Those who are financially rich are okay, and those who count on the central government's financial subsidies have no money left. Come take this golden baby home. .

Seeing that the advertisement for the public offering has been sent out, and people from all over the country who want to buy stocks have also rushed to Wuchang. Things are clear, in a word, I want shares, but I don't have money.

Facing the sluggishness of Ji Si, Ke Dingkai, who had just received the title of Prince Shao Fu, was also quite difficult.You know, the emperor has already retreated two steps in a reasonable manner, so it is not necessary to "persecute" him again. Besides, although Zheng Kezang has been somewhat restrained in his political skills in these years, the power of the founding emperor is still there. It's about to turn around, and the unlucky thing is the civil service system.

It's just that there are indeed difficulties in the accounting department, and the provinces can't afford the money, so Ke Dingkai had no choice but to tell the truth to Zheng Kezang.Zheng Kezang is also quite dissatisfied with Ji Si's overreaching, but the home is his own, and the country is his own, so it must be leveled.

Therefore, after thinking for a long time, Zheng Kezang made the decision to use the dividends of the two major banks to offset the stock price, and stipulated that if there is a premium in the stocks of the two major banks in the market, the accounting department and the provinces must make up the difference in order to receive future dividends. It's like drawing a big cake that Ji Si and the provinces can only watch but not eat.

As the saying goes, there are countermeasures at the top and policies at the bottom. Regarding Zheng Kezang's decision, the Department of Planning and the provinces quickly responded.Some rich provinces decided to buy as much stock as possible according to their own financial resources, and tried to get the poor provinces to transfer their shares at the cost of some aid; Just eat as much as you want, and then pay it back year by year, so as to get the maximum benefit in the shortest time.

There was a lot of "chaos" below, Zheng Kezang not only didn't ask, but even added fuel to the fire.In mid-June of the 13th year of Wucheng, one month before the stock sale of the two major banks, Zheng Kezang ordered the two major banks to issue banknotes with small denominations such as one, five, and ten, and stipulated that such banknotes could be Offset tax.

When the edict was issued, the market was in an uproar. Everyone remembered the precious banknotes of the Yuan and Ming dynasties. There were also voices of opposition in the Overwatch Council.

In order to restore the impact, the inner treasury was ordered to lend gold and silver worth 1000 million guan to the two big banks for public display. During the few days of the display, there were huge crowds of people at the gates of the two big banks in Wuchang, and everyone was shocked by the huge financial power displayed by the two big banks. .

At this time, Zheng Kezang ordered the Duzhi Yamen Mint Department to announce that the Huaxia court will recycle small copper coins in the amount of [-] guan every year in the future. Paper money will replace copper coins as the main small payment method in the future. "Chaos", the Chinese government will expand the number of semi-copper and one-coin silver coins issued year by year, and guarantee to put a certain number of five-coin and ten-coin gold coins on the market every year, so as to gradually transition from the silver-copper composite standard system to the gold-silver composite standard system.

The good news from the Huaxia court once again detonated the market. Everyone can see that the two big banks will get huge profits from the issuance of small notes, so the competition for the stocks of the two big banks has become fierce again.

On the third day of July in the 13th year of Wucheng, the complete valuation list of the two major banks appeared in the residence newspaper and was publicly posted in various places in Wuchang.According to this list, after divesting the relevant pawn and pledge business, the Four Seas Bank is valued at 140 million yuan based on its business premises, business network, operating personnel and franchise projects, and the valuation of Tonghai Bank, whose business is biased towards maritime trade. The value is slightly lower, and the price is only 960 million Guan.

However, this is not the final valuation. On July 13, 650th year of Wucheng, Yantie Yamen established the Department of Money Industry, and publicly announced the relaxation of restrictions on the establishment of banks. Any individual or group that applies for the establishment of a bank only needs to declare to the Department of Money Industry and provide business Establishment can be approved by issuing deposit notes deposited in Sihai Bank or Tonghai Bank, and Tonghai Bank and Sihai Bank are no longer directly operating ticket number business, but only exist as bank banks and note-issuing banks—in this way, through adding Addition and subtraction, the final estimate of the Four Seas Bank is 480 million guan, and the price of Tonghai Bank is [-] million guan. The inner court, the imperial court, and the provinces retain [-]% of the shares, and the remaining shares are priced at [-] guan and [-] guan respectively. public offering. [

Sihai and Tonghai banks no longer operate directly, which naturally reduces the interest of investors, but the relevant regulations that the newly established banks need to use real money to buy banknotes from Sihai and Tonghai banks have made these people change their minds. The subscription letter for one piece was also fired to fifty cents a piece, which was a tenfold increase.

On July 25th, Four Seas Bank accepted subscriptions at the head office in Wuchang, and received 28 subscriptions that day, far exceeding the 700 shares available for sale. [-] shares, under the circumstance that there were more wolves and less meat, Four Seas Bank was forced to sell by lottery, and the shares that were successfully sold rose to [-] taels on the same day.

It is precisely in view of the huge loss of profits when Sihai Bank sold shares, Tonghai Bank changed the way of selling shares, and sold out all 600 shares at an average price of [-] taels in one day through a Dutch-style auction

Zheng Kezang laughed, he got a huge profit from it and broke it up into pieces, so many new banks inherited most of the business of the two big banks; Ji Si also laughed, the court gained a lot from the huge sale The taxation of the Philippines, and there are foreseeable future dividends; as for those who bought stocks, they also laughed, their investment was successful, and the value of their property was preserved; Seeing the huge money scene of investing in a bank, he decided to start a bank by himself.

It’s just that the private trading of the stocks of the two major banks inevitably appeared on the market. In order to prevent the sharp rise and fall similar to the Dutch tulip trading, under the instruction of Zheng Kezang, the inner court quickly established the first stock exchange in Wuchang. , to facilitate equity transactions, but there were only two initial stocks, which looked very primitive

One more gossip, one year later, the two major banks distributed dividends to shareholders with short-term borrowing income, guarantee income, note issuance income, loan income and other income. Stock prices rose again

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