Hidden Dragon in Qing Dynasty
C786 bureaucracy and capital
"Sometimes, when bureaucrats embezzle, it's not just for the sake of money that they are greedy. More often than not, it's because they are unconvinced in their hearts, and because of their freedom that he is brainwashed. He considers himself to be a favored son of heaven, a scholar and an emperor under the heavens.
"So the question is, since he has already decided that he is the best group in the country, how can they sit by idly and watch merchants earn a lot of money? "So, the Chinese business people are making a bit of money, and not many are willing to invest and upgrade their industries …"
"They would gather the money together and hide it deep underground in jars and boxes, or buy land and buy a lot of land. Finally, they would donate it to the future generations, and make sure that the future generations would integrate into the group of bureaucrats. Making money without making it is at least the protection of their status!"
Zai Chun laughed bitterly and shook his head, "It's not that we can't make a bank like this, but we asked for a question of whether we can manage it well. Just look at the government officials who are not greedy, and see what happens when tens of millions or even hundreds of millions of funds are gathered together. "It will attract the greedy gazes of countless hungry wolves …"
"Don't look at me. Don't think that just because I'm the emperor that I can protect a fortune like this. Even eating an egg in the Forbidden City costs 10 taels of silver. Those servants are even more unscrupulous in coveting my money …"
"How much do you think this bank needs to earn in order for a court like this to be able to make them lose their appetite? "Currently, Letian Firm only sends out eight taels of silver when she has one tael of silver in reserve. He is afraid of a run. It can be said that the Letian Bank's credit is very carefully held up by others …"
"If our Ministry of Revenue were to set up a bank, I am sure that there would be 10 million dollars worth of physical silver in the treasury, and they would even dare to issue 50 million or even 100 million yuan worth of bonds! Why did the Ming dynasty's treasured money have to be abolished in the Righteous German years? It's all because of inflation! "
Speaking till here, Zai Chun shook his head in grief: "To be honest, after staying in the Forbidden City and Beijing for so long, I really think that I am a proud son of heaven. In fact, only a year after coming out did I understand that the credibility of the current dynasty might not even compare to that of Ryukyu's, or even that of Letian Bank's …."
Feng Fu said with a conflicted tone, "Your Majesty, don't be so pessimistic, we have to get our spirits up. As long as you are willing to be a servant to us in the future, if you are a prince to us, naturally we will have clear government and a clear mind."
Oh my god, it's been over a year, and Zai Chun has already been so tired of studying that when he saw that Feng Fu's mouth opened like this, he immediately waved his hands in fear, "I'll be borrowing Master Feng's blessings, let's talk about the things at hand first …"
Everyone could see that the imperial government was doing so to find out more about Xiao Letian. In addition, a few of the imperial court officials were already suspicious of Xiao Letian's rapid rise in power, they did not know why he was doing so.
They thought that they had always said that the outside world was trash, and only the things left behind by the Old Ancestor were treasures. If they went abroad in the name of investigation, then it would mean that the imperial government wanted to learn western learning. Wasn't this slapping their own face?
Therefore, when His Majesty was out studying, he sent a delegation to pay a visit to the young emperor to see if he wanted to go home or not! When are you coming back? But in reality, they were still forced to open their eyes and look at the world.
He never thought that after only one year, the little Emperor would have such a huge change. Not only can it turn stones into gold, it can even turn decay into magic?
Weng Tonghe knew his student very well. He knew that Tongzhi was very smart and could be considered as a child with high IQ in the Manchu royal family, but he was definitely not a genius. He was on a completely different level compared to the other talented youngsters.
Furthermore, in the past, there was a trace of confusion in the arrogant Emperor Tongzhi. It seems that not only had Xiao Letian passed on a lot of new knowledge to the emperor, he had also reconstructed the personality of the little emperor.
During the lunch banquet, everyone had only drank 4% of the liquor. They were just in the middle of the game. Even though it was very comfortable and tiring, it wasn't too much trouble. After dinner, Da Sixi wanted to go settle the bill, but Zai Chun raised his hand, "No need, I'm rich!"
Under the dumbstruck gaze of the crowd, Zai Chun took out a leather wallet from his military uniform's pocket. Inside the wallet was a thick collection of Ryukyu Military Ticket.
The Military Ticket was one of the first banknotes that Xiao Letian released. Back when they were in Tanggu, he had even personally sent this note to the soldiers to show his appreciation for their favors.
Military Ticket s had the highest privileges out of all the paper money in the Ryukyu. There was no need to queue up to exchange the Military Ticket for gold and silver, everyone would give way to the Military Ticket.
The Military Ticket s would always receive the highest tax discount, as stated in the Prime Minister's Entrepreneurship Law. Every year, the amount of taxes paid would vary, but no matter how many Military Ticket s there were, the preferential amount would always be the highest.
Finally, Military Ticket could be bought in a few military stores. In the streets and alleys of Ryukyu, there were a few very small commodities, and they all had a common name, which was military stores.
Spending money here only accepted Military Ticket s, and other things weren't useful. Furthermore, Military Ticket s could buy some top quality goods from the black market.
The army's eliminated Gun s, bullets, army warehouse's surplus armed belts, kerosene lighters, top-grade leather battle boots … In any case, some of the rare military goods could be bought here with Military Ticket.
Especially the Gun, as long as they had trained in it, they would be able to obtain the legal right to hold the spear, but they could not casually buy guns. Especially the good guns, they had to go to the military shops to buy them.
In Ryukyu, if you used Real Gold and Silver to pay, they would laugh at you, saying that you were a bumpkin and using ordinary bonds to pay, everyone would think that you were a normal person.
If you want to use the checkbook issued by the Letian Bank to settle the bill, then you must be a big seller. That means you must be in politics or have a close relationship with the military.
Using Military Ticket s to pay was the most honorable thing to do. On the black market, the ratio of bonds to Military Ticket s could reach a ratio of 1: 1.5! It could be seen how popular the Military Ticket was.
Fujian Residence's fat boss saw that the guest took out the Military Ticket today, and immediately shouted, "Third floor guest, the Military Ticket rewards …" "Thank you!" The moment he gave the order, all the waiters on the third floor acted as if they had been rehearsed beforehand and shouted in unison, "Thank you for your rewards, esteemed guest!"
"So the question is, since he has already decided that he is the best group in the country, how can they sit by idly and watch merchants earn a lot of money? "So, the Chinese business people are making a bit of money, and not many are willing to invest and upgrade their industries …"
"They would gather the money together and hide it deep underground in jars and boxes, or buy land and buy a lot of land. Finally, they would donate it to the future generations, and make sure that the future generations would integrate into the group of bureaucrats. Making money without making it is at least the protection of their status!"
Zai Chun laughed bitterly and shook his head, "It's not that we can't make a bank like this, but we asked for a question of whether we can manage it well. Just look at the government officials who are not greedy, and see what happens when tens of millions or even hundreds of millions of funds are gathered together. "It will attract the greedy gazes of countless hungry wolves …"
"Don't look at me. Don't think that just because I'm the emperor that I can protect a fortune like this. Even eating an egg in the Forbidden City costs 10 taels of silver. Those servants are even more unscrupulous in coveting my money …"
"How much do you think this bank needs to earn in order for a court like this to be able to make them lose their appetite? "Currently, Letian Firm only sends out eight taels of silver when she has one tael of silver in reserve. He is afraid of a run. It can be said that the Letian Bank's credit is very carefully held up by others …"
"If our Ministry of Revenue were to set up a bank, I am sure that there would be 10 million dollars worth of physical silver in the treasury, and they would even dare to issue 50 million or even 100 million yuan worth of bonds! Why did the Ming dynasty's treasured money have to be abolished in the Righteous German years? It's all because of inflation! "
Speaking till here, Zai Chun shook his head in grief: "To be honest, after staying in the Forbidden City and Beijing for so long, I really think that I am a proud son of heaven. In fact, only a year after coming out did I understand that the credibility of the current dynasty might not even compare to that of Ryukyu's, or even that of Letian Bank's …."
Feng Fu said with a conflicted tone, "Your Majesty, don't be so pessimistic, we have to get our spirits up. As long as you are willing to be a servant to us in the future, if you are a prince to us, naturally we will have clear government and a clear mind."
Oh my god, it's been over a year, and Zai Chun has already been so tired of studying that when he saw that Feng Fu's mouth opened like this, he immediately waved his hands in fear, "I'll be borrowing Master Feng's blessings, let's talk about the things at hand first …"
Everyone could see that the imperial government was doing so to find out more about Xiao Letian. In addition, a few of the imperial court officials were already suspicious of Xiao Letian's rapid rise in power, they did not know why he was doing so.
They thought that they had always said that the outside world was trash, and only the things left behind by the Old Ancestor were treasures. If they went abroad in the name of investigation, then it would mean that the imperial government wanted to learn western learning. Wasn't this slapping their own face?
Therefore, when His Majesty was out studying, he sent a delegation to pay a visit to the young emperor to see if he wanted to go home or not! When are you coming back? But in reality, they were still forced to open their eyes and look at the world.
He never thought that after only one year, the little Emperor would have such a huge change. Not only can it turn stones into gold, it can even turn decay into magic?
Weng Tonghe knew his student very well. He knew that Tongzhi was very smart and could be considered as a child with high IQ in the Manchu royal family, but he was definitely not a genius. He was on a completely different level compared to the other talented youngsters.
Furthermore, in the past, there was a trace of confusion in the arrogant Emperor Tongzhi. It seems that not only had Xiao Letian passed on a lot of new knowledge to the emperor, he had also reconstructed the personality of the little emperor.
During the lunch banquet, everyone had only drank 4% of the liquor. They were just in the middle of the game. Even though it was very comfortable and tiring, it wasn't too much trouble. After dinner, Da Sixi wanted to go settle the bill, but Zai Chun raised his hand, "No need, I'm rich!"
Under the dumbstruck gaze of the crowd, Zai Chun took out a leather wallet from his military uniform's pocket. Inside the wallet was a thick collection of Ryukyu Military Ticket.
The Military Ticket was one of the first banknotes that Xiao Letian released. Back when they were in Tanggu, he had even personally sent this note to the soldiers to show his appreciation for their favors.
Military Ticket s had the highest privileges out of all the paper money in the Ryukyu. There was no need to queue up to exchange the Military Ticket for gold and silver, everyone would give way to the Military Ticket.
The Military Ticket s would always receive the highest tax discount, as stated in the Prime Minister's Entrepreneurship Law. Every year, the amount of taxes paid would vary, but no matter how many Military Ticket s there were, the preferential amount would always be the highest.
Finally, Military Ticket could be bought in a few military stores. In the streets and alleys of Ryukyu, there were a few very small commodities, and they all had a common name, which was military stores.
Spending money here only accepted Military Ticket s, and other things weren't useful. Furthermore, Military Ticket s could buy some top quality goods from the black market.
The army's eliminated Gun s, bullets, army warehouse's surplus armed belts, kerosene lighters, top-grade leather battle boots … In any case, some of the rare military goods could be bought here with Military Ticket.
Especially the Gun, as long as they had trained in it, they would be able to obtain the legal right to hold the spear, but they could not casually buy guns. Especially the good guns, they had to go to the military shops to buy them.
In Ryukyu, if you used Real Gold and Silver to pay, they would laugh at you, saying that you were a bumpkin and using ordinary bonds to pay, everyone would think that you were a normal person.
If you want to use the checkbook issued by the Letian Bank to settle the bill, then you must be a big seller. That means you must be in politics or have a close relationship with the military.
Using Military Ticket s to pay was the most honorable thing to do. On the black market, the ratio of bonds to Military Ticket s could reach a ratio of 1: 1.5! It could be seen how popular the Military Ticket was.
Fujian Residence's fat boss saw that the guest took out the Military Ticket today, and immediately shouted, "Third floor guest, the Military Ticket rewards …" "Thank you!" The moment he gave the order, all the waiters on the third floor acted as if they had been rehearsed beforehand and shouted in unison, "Thank you for your rewards, esteemed guest!"
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