The Jingzhou army fought continuously, exhausted and lost more than 30% of its troops. Lin Chunhong ordered the battalions to rest and recuperate in Biheyan to replenish their troops.

As the battalions arrived at Biheyan one after another, this commercial resort almost turned into a sea of ​​joy. The sound of gongs and drums and cheers rang through the sky. There were rowing ships and dancing yangko everywhere, and there were seas of red pennants everywhere. After being frightened for several months, no one could stop the enthusiasm of the people.

Some storytellers were quick-witted and immediately processed the hearsay wars, publicizing the achievements of the Jingzhou army everywhere, which was enthusiastically sought after by the people, and earned a lot of money. Peng Xin was very interested in making a fortune, so he secretly instructed some merchants to reward the army, and made a noise that Lin Chunhong was appointed as deputy general, responsible for the defense of Yiling, Jingzhou and Jingmen, and the expansion of the army was about to be imminent. After hearing this, merchants from all walks of life started a craze to reward the army, and within just five days, nearly 100,000 taels of silver were accumulated and delivered to Zheng Tiancheng.

Of the 100,000 taels of silver, nearly 80,000 taels are bills, and most of the remaining silver coins minted by the Bangtai Finance Department are silver ingots. Money shops spread all over the country have been operating for many years, and merchants have become accustomed to enjoying the convenience brought by bills and silver coins, and have long thrown their original doubts out of the sky.

Peng Xin obviously did not deeply understand the essence of the bill and kept complaining in front of Lin Chunhong: "These shameless people who are forgetful of their righteousness actually donated the bill. When we need silver, we won't issue the bill? Do we still need them to donate it?"

Lin Chunhong smiled bitterly. Even talented people like Peng Xin have a vague understanding of bills. How many people within Bangtai can truly understand the currency role of bills?

It seems that Xingzhishu Hall must immediately open a financial knowledge cram school.

Lin Chunhong was preparing to explain the essence of the bill in detail. The guards reported that Zheng Tiancheng asked for a meeting. Lin Chunhong had to send Peng Xin away first and summon Zheng Tiancheng in.

Zheng Tiancheng came to Biheyan and was ordered by Lin Chunhong.

After the Battle of Yuxiakou, the Jingzhou army completely gained strategic advantages, and the situation was very good. It was only a matter of time before Tian Chuchan was wiped out. Lin Chunhong had already begun to plan to control one prefecture and two prefectures of Jingzhou, Jingmen, and Yiling. To be thoroughly controlled, early investment is essential. Silver and money are the first problem to be solved. Lin Chunhong has always believed in the truth that silver and money leads the way.

To discuss fundraising matters, how can we leave Zheng Tiancheng?

After not seeing each other for more than a year, Zheng Tiancheng has obviously become much older. He has a blue scholar's shirt and a beard on his mouth. He touches it from time to time with his hands, just like a teacher in the countryside.

"Come on... Come on, Mr. Zheng invites you to sit down. I haven't seen you for a year. Are you going to change careers? You want to teach and answer questions?"

Zheng Tiancheng and Lin Chunhongnai had a friendship with her crotch-opener pants. She didn't mind Lin Chunhong's jokes, and she couldn't help but treat her. She sat on the chair with her legs raised and smiled bitterly: "Where can you dare to teach and solve your doubts? Qian Bingding and Phyllis taught and answered my doubts every day, and my ears were almost cocooned!"

"Oh? What are they all motivating?"

"Didn't you ask me to lower the principal rate of the bill!"

"It has all dropped to 30%. How much will they have to drop?"

"They said 30% are too conservative, and 20% are still the same!" Zheng Tiancheng continued, "I think so too. We have now opened money shops to Yangzhou, Anping, Yuegang, Guangzhou, Suixi, and more than 50 money shops in Yiling, Jingzhou. According to the current transaction volume, the bill is not enough to be issued!"

"In addition to the 3.5 million taels of deposit we have reserved, how many taels of silver can we collect at most?" Lin Chunhong asked after calculating in his mind for a long time.

Zheng Tiancheng said with a bitter face: "Phylis is obsessed with minting silver coins. The silver coins flowing out every month are as high as 200,000 taels. Where can I collect excess silver?"

Lin Chunhong thought secretly: China does not produce silver, and mainly relies on trade to obtain silver from Japan and the Americas. It uses silver as its main currency and is easily affected by the outside world. In the future, it will gradually transition to using gold as the principal reserve of bills.

"Let's do this, first reserve the silver coins minted by Phyllis as principal. After that, you gradually change the principal reserves into gold, and calculate according to the price of one to ten. After all of them are replaced with gold, when the time is ripe, our bills will be priced according to gold!"

"This..." Zheng Tiancheng's thoughts obviously could not keep up, and he pondered.

"You think of a way to get the principal reserves of 8 million taels of silver within half a year, and the principal reserve ratio will drop to 20%." Lin Chunhong did not explain and directly ordered. He knew that China does not produce silver, and silver was mainly imported from Japan and the Americas, and using the silver standard is easily restrained by others. Moreover, he also knew that the current gold-silver price ratio in the world is about 10 to 1, while in later generations, the gold-silver price ratio almost exceeded 50 to 1. In this case, it is imperative to adopt the gold standard.

Zheng Tiancheng was shocked and said, "As long as the silver coins are not flowing out, it is not a problem to get 8 million taels of principal reserves in half a year. If calculated based on the principal rate of 20%, wouldn't it be necessary to issue a 40 million denomination bill? Isn't this crazy?"

"The Ming Dynasty is vast and boundless. If you want to issue a 40 million bill, you won't even have a single shot. The only thing that is worrying is that if there is any disturbance and the merchants will run, then our Bangtai will be finished!"

Zheng Tiancheng changed his legs and said, "Who said no! I also told them so much, but they said that the principal rate is not constant and needs to be adjusted according to the situation. At present, the situation in Bangtai is very good. There is a shortage of silver in various parts of the Ming Dynasty. After the reduction, it can not only quickly promote the application scope of bills, but also solve the dilemma of lack of silver. The most important thing is that our Bangtai can obtain a large amount of income. When the supply of bills is oversupply, the principal rate can be increased and the risks can be reduced."

Lin Chunhong picked up a yellow-orange navel orange from the plate on the coffee table, threw it to Zheng Tiancheng, and pushed one away and fed it into his mouth. Navel orange is a specialty of Qingjiang area. It tastes sweet and was warmly welcomed once it was launched.

Lin Chunhong scrambled his thoughts while eating. After a while, he said, "Qian Bingding and Phyllis's words are not unreasonable, but the principal rate is appropriate. This cannot be calculated based on feelings, but it needs to be calculated from a large amount of data."

"This... who knows this? I can't know that Qian Bingding and Phyllis." Zheng Tiancheng stroked his beard, feeling embarrassed.

Lin Chunhong smiled and said, "I don't know this. However, the most important goods today are food. If you calculate it as a benchmark, you can't go wrong. You can find a few seedlings in Xingzhishutang to think about it, and see what the impact of the grain produced and consumed every year has on the entire price, and then think about what the impact of the price on the principal rate. Alas, there are too many ways here, and I am also vague."

Zheng Tiancheng nodded, "When it comes to food, I'm quite surprised. Last year, our population increased by more than 60,000 people, and the food consumed has decreased. Now, the Changping Warehouse in Bailizhou is not enough to be used, and it still needs to be expanded."

Lin Chunhong laughed, "You, you think about money, bills and other things every day, but you ignore the small things around you. Don't you think that eating too much meat will reduce your appetite?"

Zheng Tiancheng patted his head and suddenly realized, "Yes, I transported about 8,000 pigs from Shizhu last year, and it was not just a matter of eating meat. Gu Xiulin's cotton oil is much cheaper than rapeseed oil, and the people can afford it. Speaking of cotton oil, I don't know if the general manager Guo has reported it. Gu Xiuxing's cotton department made a profit of more than 230,000 taels of silver this year, and cotton oil is a great contributor. There are also rabbit hairs. Although the profit is not much, after transporting rabbit hairs from Shizhu, it woven into wool velvet and carpets, it is simply a huge profit. Gu Xiuxing sighs every day and says that the amount of rabbit hair is too small."

Lin Chunhong's head flashed with an electric light. Wool textile industry? Wool is more suitable for the needs of the public than rabbit wool. If a large amount of wool is purchased on the northern grasslands, wouldn't we take the opportunity to control the economic lifeline of the nomadic people? This provides an idea for solving border problems once and for all.

Seeing Lin Chunhong not speaking in a daze, Zheng Tiancheng asked, "What's wrong with calling me here this time?"

Lin Chunhong came back to his senses and said, "It's just for money. One prefecture and two prefectures, the government's governance of rural areas is completely on the surface. We have to start from every common people and completely control the grassroots. This requires a lot of money to support."

Zheng Tiancheng laughed and said, "I am making things difficult for money every day, but I see that the silver in the Bailizhou silver warehouse is piled up like a mountain, with millions of silver, but I can't use it. Do you think I'm frustrated?"

Lin Chunhong's face darkened and said seriously: "There are quite a lot of people who have the idea of ​​making money. You must remember that the silver and gold that are the principal must not be used, otherwise, everyone will be done together until the end of the game!"

Zheng Tiancheng restrained himself and laughed, "I know, this is also the consensus between Qian Bingting and Phyllis, so you just have to worry."

Lin Chunhong breathed a sigh of relief and said, "If the Bailizhou had more than three million taels of silver deposits spread to the outside, I don't know what kind of chaos it would be. I guess the first person who became greedy was the emperor. Maybe he would call us a rebel and send troops to attack Bailizhou. Now the palace is so poor that even the queen and concubine have to sew clothes."

Zheng Tiancheng was shocked and showed an incredible look on his face, "Will the emperor look down on this little silver? Didn't it mean that the floor tiles in the Forbidden City were all made of gold?"

Lin Chunhong laughed: "You believe this too?"

Zheng Tiancheng smiled embarrassedly: "Thinking about it is impossible, then aren't we rich now that we are as rich as a country?"

"I'm really arrogant. Think about it, the imperial court now supports more than one million troops, and the population we control does not exceed 600,000. Is this comparable?"

"Just talk, there is another thing I need to ask you, will the Financial Department be responsible for the copper mine in Rongmei Lianghekou be responsible for the future?"

"It's still necessary to ask? Mining and smelting belongs to the merchants, and as for coins, of course, it belongs to the Finance Department."

Zheng Tiancheng was disappointed and said, "Copper is like silver and belongs to currency, so why not take it to the Finance Department?"

"What's the point of fighting for this? Now mining, smelting, minting, minting, minting, is a loss-making transaction. If it weren't for the transactions in the end market, we wouldn't have done this."

"Philis said that according to the exchange rate of one thousand coins to exchange for one tael of silver, using hydraulic coins can ensure that there is no loss. If copper coins are minted in brass, it will be slightly profitable."

"Oh?" Lin Chunhong was overjoyed, "Now the market is not about one or two silver coins for one or two silver coins, but more than seven hundred silver coins for one or two silver coins! Wouldn't that besieged copper coins a huge profit?"

...

The two of them were talking about Bangtai's financial affairs. They were just talking happily, but suddenly they received an urgent report: Tian Chuxin led more than a thousand troops and sneaked across the river last night and entered Bailizhou!

Zheng Tiancheng was shocked, his face looked like earth. The teacup in his hand fell to the ground and broke into pieces.

Lin Chunhong stared at the teacup that was broken into pieces and sneered: "What a Tian Chuyun, he actually made this move! What a pity, it's a pity that he has been defeated long ago..."
Chapter completed!