Royal Gold Medal County Magistrate
#1104 - Chapter 1092 Magical Silver Note
While Xu Wen Shu was in a daze, Liu Zhongshun had already been explaining to the crowd for a while and was still speaking passionately.
“The main concern for everyone is whether the safety of their principal can be guaranteed. I can responsibly tell you all here that the reserve silver of Jingxing Bank has now exceeded a massive twenty million taels.”
“Although it is newly established, with His Majesty and Marquis Jianye’s full support behind it, its financial strength is unmatched in the Great Jing Dynasty.”
“To ensure the safety of everyone’s silver deposits, Jingxing Bank will deposit a corresponding amount of silver into the vault for every banknote issued. This will ensure that everyone can withdraw large amounts of funds at any time. With ordinary banks, withdrawing large amounts of gold and silver is difficult, often requiring several days or even half a month to prepare.”
“At Jingxing Bank, this will never happen. The bank can withdraw as much as you have in your account, and at any time. Of course, words are not enough, Jingxing Bank will also follow some of the rules of the Exchange, and regularly disclose some important news within the bank to major customers...”
Xu Wen Shu listened silently, sometimes confused, sometimes nodding.
Fang Zheng Yi didn't disturb him, quietly observing his reaction from the side.
After Liu Zhongshun finished explaining all the matters and rules one by one, he took out a stack of banknotes from his pocket and held them high in front of everyone.
“Everyone, these are the banknotes that Jingxing Bank will issue and exchange, and they are also Jingxing Bank’s strongest line of defense for ensuring safety!”
After speaking, he led the guests to the rest area and laid all the banknotes flat on the table.
“Jingxing Bank is not only financially strong and transparent in its rules, but also its banknote manufacturing technology is absolutely leading! In the past, banknotes were easily counterfeited and damaged, but our banknotes are unmatched in the market in terms of cost and the level of sophistication in their production!”
“I dare say that no one in the world has the ability to counterfeit these banknotes, and no one has the guts to counterfeit them! The figure printed on the largest denomination is Emperor Your Majesty, and the second is His Royal Highness the Crown Prince!” Liu Zhongshun said, cupping his hands to the sky.
A burst of exclamations immediately came from the crowd, and then they all crowded up to get a closer look.
Everyone had been listening to the speech just now and didn't notice that the banknotes were printed with the Emperor's face.
How bold! What a level of prestige!
Liu Zhongshun continued: “Everyone is a master who has been in the business world for a long time, and your understanding of banknotes is no less than mine, so please take a look for yourselves.”
After he finished speaking, he stepped back from the crowd, leaving the position to everyone.
As soon as Liu Zhongshun left, the others immediately flocked to the table, their eyes filled with enthusiasm as they went forward to observe the banknotes.
They saw a lifelike and majestic figure printed on the banknote with a denomination of one hundred taels.
Immediately, a burst of exclamations erupted from the crowd.
“Your Majesty! Dragon robe! This is really Your Majesty!!!”
“This is the Crown Prince!”
“As expected of His Majesty, he is simply a celestial being descended to earth!”
As soon as this shout came out, a large group immediately knelt down....
This was not necessarily a sincere reverence for Emperor Jing, but if someone else knelt and you didn't, would that be good for you in the future?
So, these first batch of major bank customers knelt all over the place for a while.
After shouting 'Long live the Emperor' and 'Long live the Crown Prince' three times, some people got up.
Gradually, everyone stood up straight and continued to observe the banknotes.
This time, they were not just satisfied with looking. Just now, Liu Zhongshun had praised the quality of the banknotes to the heavens.
In the past, the banknotes on the market relied on the secret codes of various banks for encryption, and the material was inferior.
Now, it was the first time that someone had written so much about the material, and whether it was really like that still needed to be touched to be sure.
Someone began to reach out to take the banknotes, but no one dared to touch the banknotes printed with the faces of Emperor Jing and Li Yuan Zhao for the time being.
After all, they were the Emperor and Crown Prince, and they felt a little uncomfortable and felt that it was a bit taboo.
However, the most banknotes placed on the table were one tael banknotes printed with Dongjiao University.
Before long, everyone held one in their hands and began to study it carefully.
After a while, discussions began: “This banknote is really small, it seems very convenient to carry.”
“Hmm... the paper is not ordinary tough, it doesn’t seem to be just one layer.”
“It is indeed extremely difficult to counterfeit. Such printing technology and painting skills, and the ink should also be specially made. Never seen before, amazing, really amazing...”
Everyone began to discuss again, you saying one thing and I saying another.
Xu Wen Shu's expression had changed from shock to seriousness.
Printing His Majesty on the banknote was rebellious! But now he could understand why His Majesty stubbornly refused to withdraw his order.
Fang Zheng Yi dared to do such a thing must have been approved by Emperor Jing, and His Majesty wanted to take this opportunity to increase his prestige.
Xu Wen Shu stood behind the crowd and tiptoed, also wanting to see the true appearance of the banknote.
However, his height was obviously not up to par. He tried hard to look for a long time but couldn't see it, until he felt someone patting him on the shoulder twice before giving up.
Turning his head, he saw Fang Zheng Yi smiling and shaking a few banknotes at him.
“Lord Xu, I have more here, take them and look at them as you please.”
“I wouldn’t dare!” Xu Wen Shu shouted loudly, and his hands moved like lightning, snatching the banknotes from Fang Zheng Yi’s hand and holding them in his arms.
He glared at him and said, “His Majesty’s celestial face is printed on it, what are you shaking it for!”
Fang Zheng Yi shrugged his shoulders with both hands: “Lord Xu, His Majesty nodded in agreement.”
“That’s still not okay!” Xu Wen Shu picked up the banknote and observed it, muttering, “What kind of system is this?”
After observing for a long time, Xu Wen Shu suddenly raised his head, his eyes full of disbelief.
Fang Zheng Yi smiled slightly and said: “How is the workmanship of the banknote?”
Xu Wen Shu’s lips moved a few times, and finally he reluctantly admitted: “Impeccable.”
He was the Minister of the Ministry of Revenue, and he was also an expert in playing with money. The banks on the market were actually subject to government supervision.
The various procedures involved were extremely complicated.
And he also had a deep understanding of the banknotes of various banks.
He had to admit that this was the most special and most magically crafted banknote he had ever seen.
Without secret text encryption, just relying on this quality could guarantee a considerable amount of safety.
Fang Zheng Yi said: “Since this is the case, Lord Xu should be relieved, right? Look at these people who came today, how loyal they are to His Majesty. My banknotes are so outstanding, Jingxing Bank’s success is already inevitable.”
“The problem you are worried about... will probably not happen, on the contrary, it will be of great benefit to the court. Let me tell you the truth, although the bank is jointly opened by me and His Majesty, in the future, it will eventually be prepared for government supervision to maximize safety. Do you still think there is any problem now?”
Xu Wen Shu shook his head: “It’s not enough for you to rely on these wealthy households alone. What I care about is the common people, how most people view it. If the common people don’t support it, it will ultimately be in vain. I advise you not to be too optimistic, Marquis. But given the current situation, it seems that you are indeed fully prepared, and I will cautiously report to His Majesty.”
“No rush, starting tomorrow, this place will be open to the common people. Why not wait for you to observe for a few days before making a decision? Anyway, the bank is now opening its doors to do business in public, it would be more prudent for you to wait a few more days before reporting to His Majesty.” Fang Zheng Yi said.
“I have the articles of association of Jingxing Bank here, and I will send someone to your mansion later. Lord Xu, please study it carefully, and it would be better to advise His Majesty after you have a thorough understanding.”
“It’s not that I, Fang Zheng Yi, am boasting, the smooth construction of the bank is no less significant than the Exchange. I hope that Lord Xu can understand and help me.”
......
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