“That’s right!”

"This..." Li Jing scratched his head and said, "Everyone knows that Dechang Palace has seven million gold and silk, why bother to do this forever?"

"Father, it is because everyone in the world knows that this is the case. Now everyone in the world knows that the Dechang Palace has a huge wealth, but they only know that there are seven million golds. How to distribute it to the lowest point is a mystery. Since the father asked the child to be the master of this, he probably agreed with the idea of ​​the child's previous memorial. If he wants to do this, the most important thing is to be open and transparent."

"Besides, the emperor has no homework. Although it is the treasury, it is also the people's wealth. Naturally, it is necessary to let the people know how much."

"In addition, Liu Chengyou has been in charge for many years. At this time, Pan Chenghou happened to take people to take stock of the matter. It was a coincidence that it could be completely liquidated."

"But Liu Chengyou's civil strife during his tenure will make the people of the world know about the deficit caused?" Li Jing asked.

"Of course it's not possible, but doesn't Liu Chengyou still have a wealth of thousands of dollars?" Li Yu smiled sinisterly.

Liu Chengyou is not to be cherished by death. The corrupt and depraved lives before have become his crimes, and it is inevitable that the house will be confiscated.

Originally, it was mostly in the national treasury. Li Yu's proposal was good, and it was used to make up for the deficit of Dechang Palace. Although for Li Jing, the three ministries were similar to their own treasury, after all, it was a system of three provinces and six ministries that were always staring at each move, and it was not convenient to use it.

Li Jing thought about it and said, "That's what you said, just impress Liu Chengxun's property into Dechang Palace."

"Since you are already the new palace envoy of Dechang Palace, then you can leave this matter to you."

Li Yu was overjoyed when he heard this. The first pot of gold in Wei Xiaobao's family when he watched "The Deer and the Cauldron" in his previous life was to confiscate Oboi's house, and then add five to Soetu 2 and 1, and save up a lot of wealth.

Just as he was about to agree, he suddenly saw a faint sneer on the corner of Li Jing's mouth. This sneer was extremely hidden, that was, after being together for a long time, Li Yu could feel it. At the same time, this sneer should be Li Jing's subconscious expression. He didn't even realize it, but this sounded a wake-up call to Li Yu's ear!

"No, this is a trap!" Li Yu suddenly understood.

After reviewing countless files related to Li Jing in Chengxintang during this period, Li Yu learned more about his cheap man's behavior and way of thinking.

Li Jing acts like an antelope hanging on his horns without a trace. He often looks like he gives a piece of fat meat, but this piece of meat is often a bait or a ball of air exploration.

Once you are in a hurry to deal with it, you will be completely out of favor after being invaded by the cold palace.

Li Jing's hand was very beautiful just now, and pretended to be generous and asked Li Yu to take charge of the house search.

There is no need to ask the deputy, it must be Pan Chenghou. As soon as he just checked Dechang Palace, he had achieved remarkable results. Of course, Li Jing had to reward him with something, and searching the house was considered a reward.

Secondly, I am Li Yu's deputy in Chengxintang, so it is natural to cooperate again at this moment.

But if it is Li Yu alone or Pan Chenghou alone, this is indeed a good thing, and it will be troublesome if the two are together.

Is it a trick to do something during the search process? If you don’t believe it, Li Jing doesn’t know. If you don’t get a lot of money, you will leave Li Jing with the impression of colluding with Pan Chenghou, which will be more than worth the loss.

After all, in Li Jing's mind, Pan Chenghou is still the loyal dog of today's saints, and it was the eyeliner that his father photographed his son.

Now Pan Chenghou has completely turned to Li Yu, and Li Yu has been given a review of the news reported to Li Jing in advance. In other words, Li Yu let him know what Li Jing knows.

It is hard to say whether Li Jing has doubts about this. After all, most of the undercover sent out each time are good news, and occasionally some bad things are irrelevant.

For an emperor with rich experience in fighting, it is very likely that he will realize that there is something wrong.

So letting Li Yu and Pan Chenghou copy Liu Chengyou together became an opportunity to examine the relationship between the two.

From Li Jing's perspective,

The best situation is that the two of them are impartial and abide by the law, and they have no small calculations in cooperating with the house search. They will copy as much as they want. This way, Li Jing is most at ease.

But the wealth is touching. If the two of them collude with each other and hide the part, but since Pan Chenghou can capture the people of the Inner Commission and secretly check the Dechang Palace, Li Jing can also use this hand. God knows how many Inner Commission stakes are hidden among the eunuchs who searched the house.

If it is not done well, they will see all kinds of clues.

Thinking of this, Li Yu shook his head and refused, "Father, don't leave this kind of thing to his son. After all, I am his post-worker..."

In desperation, I couldn't find a suitable excuse for a while, so I could only open my mouth and say it, while pretending to be pitiful and aggrieved.

When Li Jing saw this, he smiled and waved his hand, and then gave up the proposal.

...

A few days later, the wind was calm in Jiangning City, but news came out that Liu Chengyou, the former Dechang Palace envoy, suddenly died of heart numbness and his family's mourning.

Afterwards, Liu Chengyou's nephew Liu Tong expressed his support: My uncle was loyal to the country throughout his life and was honest and dedicated to the public. He left a will during his lifetime and was willing to reimburse all his poor property for about 200 tanzh of money.

Li Jing was extremely sad when he heard this and personally issued an order, saying that he would not have any money, and gave it another 200 stagnant for Liu Chengyou's funeral.

After that, there was no news about Liu Tong.

Later, Li Jing wrote a Taoist script to the Southern Tang Dynasty, which meant that Dechang Palace would bring about the handover between the old and the new. Before taking office, the new palace envoy Li Yu conducted a strict inventory of the assets held by Dechang Palace, with a total of more than 8 million guan of gold and silk. The following text also listed a detailed list, including some gold and silver, some silk and some copper coins.

It actually has a total of one million more than the circulating figures before, which is naturally a lot of topics for discussion among the people in the market.

Li Jing was also amazed at the huge profits obtained from the house search: "The total amount of 2.5 million yuan! It's really damn!"

...

The first thing Li Yu did after taking over was to make a statement. From then on, Dechang Palace was no longer just a simple royal treasury, but would also go to the world's wealthy merchants with a bill called "promissory notes".

This thing is quite fresh, but many big merchants showed enough interest in it. For a time, King Baoning was crowded with people, and people invited him to eat, drink and have fun every day, in order to learn the details of this thing from the king who has always been friends with King Anding.

The commodity economy in the Southern Tang Dynasty was in full swing. Jiangning, Jiangdu and Chengdu were known as the three major commercial centers in the world, and naturally countless wealthy merchants were born.

When wealthy merchants start business, they will naturally not make small fuss like friends who go to the order. Usually, the amount involved in a transaction is hundreds of thousands of yuan, so the question is, how to transport the money?

The money weighs three and a half kilograms, and a hundred thousand kilograms is 350,000 kilograms. It is converted into a metric unit that Li Yu is familiar with, and it is a full 175 tons. This is not the amount of money rope.

Of course, it is impossible for someone to take out so many copper coins at one time, all of which are converted into satin, but 500 pieces of silk per piece, and 100,000 pieces of silk can be converted into 200,000 pieces of silk.

Although the quantity has been greatly reduced, other problems have also arisen. First, silk is a protein product, which is not durable, and storage is one of the three basic functions of currency.

Therefore, Dechang Palace wants to revise the old. If merchants receive silk, if they want to store it for a long time, they will also need to revise the old. Sell the old and buy the new ones. This will take a huge amount of time and energy, not only will it take to say that some of the revise the old will be lost in the meantime.

Such a large weight transportation becomes a problem. Suppose a businessman from Nandu has found a business opportunity in Jiangning and cannot raise enough money in a hurry.

This also led to a common trading method in this era. It transports a large amount of goods from Place A to Place B. After selling it, it buys a large amount of goods from B and transports it back to A. It seems that it is to avoid leaving the empty space and earn two returns.

But in fact, it is helpless. After all, the cost of shipping goods and shipping money is similar...

It would be better to sell some goods and go back. Jiangning is naturally very well-informed. Often, there are some good things in Jiang that will be transmitted soon.

But many businessmen could only stare at this. Although the distance between the two was only a hundred miles, there was a Yangtze River between them. There was a huge amount of silk and copper coins to be loaded, unloaded, and then transferred to a ox cart to transport...

Although the Southern Tang Dynasty was peaceful, it was in a chaotic world. Everyone paid attention to cash transactions. If you buy through credit, what if one of them died?

It was a big businessman, so for the convenience of buying and selling, he simply built a warehouse in Jiangning and Jiangdu to store money. However, in this way, the utilization rate of funds was reduced by half for no reason...

Moreover, as Li Jing increased his efforts to open up Nandu, Nanchang's transactions began to flourish. Where can I go to build a treasury?

Not to mention the long journey, the journey is long, and even the 6 thieves of water bandits emerge one after another along the way. This safety is really a headache.

As for gold and silver?

Although gold was circulated in large quantities during the Han Dynasty, after a short period of history, gold suddenly withdrew from the circulation field and replaced it with silk.

This problem once puzzled historians until after the tomb of Haihunhou was excavated, there were more than 300 golden cakes in between.

At this point, the speculations of the historical community have proved that a large amount of gold has withdrawn from the circulation channel and become a means of storage.

Gold is indeed a perfect currency, trading, storage, accounting unit, and everything is done very well.

From this perspective, silk and satin replaced gold as a means of large-scale payment in ancient China, which is also a form of manifestation of bad money driving out good money.

As for silver...

Li Yu watched many historical dramas in his previous life, and often appeared ten thousand taels of silver or even one hundred thousand taels of silver at any time. This was barely reasonable in the Ming and Qing Dynasties. After all, a large amount of silver was imported in the middle of the Ming Dynasty, and China officially established a silver standard system.

But now it is the Southern Tang Dynasty. In the prosperous Tang Dynasty, the amount of silver mined was only 10,000 taels. How many can be invested in the circulation field?

What's more, the smelting technology in ancient times was not up to standard, and the solid colors of gold and silver were relatively suspicious, which brought various inconveniences to circulation and exchange.

Therefore, ancient China was indeed helpless in the issue of currency.

Before the Ming Dynasty, people of insight had realized the problem of lack of money in all dynasties, but they were unable to come up with practical solutions.

The same descendants of historians also had great headaches about this. At least the estimates of ancient GDP often resulted in one foot from heaven and one foot from earth, which was largely due to the lack of unified currency. A piece of silk was worth 500 coins in the Southern Tang Dynasty, and it might be 400 in Western Shu. In the latter Han Dynasty, it could be changed to 600, and the era also had an impact. Last year it was 500, but this year it might be 5500.

In short, due to the lack of currency in commodity circulation, further development of Nantang commerce has been severely restricted.

The monarchs in these southern countries all have a common characteristic. They probably have never read Confucian books much, so they agree with business. Trade and clothing are the basic principle they follow.

Zhou Zong, Xu You, Li Jianxun and Li Jing all understand very well about the lack of money, but if you want to ask for the solution, you can only spread your hands together...

Li Yu's idea of ​​promissory notes attracted their interest as soon as they were proposed.

This promissory note is also very simple. First, the denomination is huge, and the board is 10,000 yuan, which is aimed at the wealthy merchants who often do big business.

Secondly, the concept of guarantee was proposed for the first time, using the gold and silk of Dechang Palace as a guarantee. In other words, the sale of the bill is equivalent to Li Jing's private property.

This is also the reason why Li Yu's ingenuity is that Li Jing's signature in the Southern Tang Dynasty is much more useful than the three provinces and six ministries of the imperial court. He alone has the final say in the former, and the latter, hahahaha, everyone in the Song Dynasty knows it.

Dechang Palace will also be renamed Dechang Palace Bank, and has stipulated the number of promissory notes, which can only be half of the bank's principal of 8 million yuan. It is counted once a month. If it exceeds 4 million, the business will be stopped and will not continue until it recovers to less than 4 million yuan.

Again, there are only four semicolons currently available, namely Dongdu, Xidu, Nandu, and Ezhou Prefecture Wuchang.

It is simple to use. Suppose a wealthy merchant in Jiangning deposits 100,000 guan in Jiangning, he can obtain a promissory note, and then he can submit 100,000 guan in all places with the ticket.

"Will Yu's creative move behold two of you?" Li Yu asked Shi Xubai and Pan Chenghou with a smile.

"This looks like the money from the prosperous Tang Dynasty?"

Shi Xubai drank the tea and asked in confusion.

"Fei Qian? Well, it does look a bit similar, but I always feel that there are many differences." Pan Chenghou frowned.

"Both ones have good eyesight. It's good that this thing looks very similar to Feiqian, but Feiqian is far less than the promissory note." Li Yu talked happily.

"The original intention of flying money first is to solve the problem that the central government allocates funds to local governments or releases funds from local governments to the central government is mainly for official use, but rarely for civilian use."

"Secondly, if you need to conduct a contract inspection, you can only use it point-to-point, and you cannot exchange it across the country. If you have a promissory note, you can use it there as long as the bank gets it!"

"In addition, the flying money is mostly protected by the governor, and the capital is protected by the treasury of the saint. The former is a borer of the Tang Dynasty, so he will not do his best. The saint is the lord of the Tang Dynasty, so his reputation is naturally incomparable."

"But why should we set up a limit of half of the total assets? Didn't the merchant issue a promissory note after paying the money?" Pan Chenghou was a little confused.

"Well, there is no way. The promissory note has just been born. I have to find some excuses, and it looks more reliable..."

Shi Xubai "..."

Pan Chenghou “…”
Chapter completed!