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Volume 4 Leviathan Chapter 77 Discount

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    Liu Zhiping said respectfully: "My lords, the total is 127,500 taels of silver! Although it is a little less, it is also a small tribute from our Shanghai industrial and commercial community. Please accept it on behalf of the court!" Hu  Keqin's face was as dark as water. He glanced at the film, put it aside, and said coldly: "In that case, I won't be cold-hearted about you. The Japanese invaded Liuqiu, and the imperial court wanted to send troops. If the soldiers and horses move, the Japanese will  Since the imperial court has insufficient expenses, it decided to issue five million yuan of bonds between the two countries in Shanghai!" Liu Zhiping asked: "But I don't know how to calculate the interest, debt period, collateral, and discounts?" His voice was cold at this time, his back straight, and his whole body was full.  Wu Fangcai looked like he was groveling.  "The annual interest is 4% and a half, and the repayment is due in five years. The discount is just like in the past few years, 10% off!"  A wry smile appeared on his face, and he looked at the people behind him: "It's impossible to be virtuous under this condition. I don't know who can take care of the troubles of the imperial court." "Mr. Liu, neither can we!" "Where we are!  You know, money is very tight!¡± ¡°It¡¯s even more difficult for me, money is very tight!¡± ¡°Mr. Liu, I¡¯m asking you to lend me a loan, but I can¡¯t handle this errand from the court.  "Looking at the businessmen below, Hu Keqin's heart was extremely cold. He had also considered that there might be some trouble along the way, but he did not expect this situation. Looking at the attitudes of these businessmen, it was obvious that he had not thought about it before he came.  They have reached an agreement, and the leader is Liu Zhiping of Houde Bank.  Seeing the impasse, Shen Hongmao quickly interjected: "Mr. Liu, the price was the same the year before, the year before, and last year. Why was it OK then but not now?" "Mr. Shen! Times have changed, so naturally the price is different!  "Liu Zhiping replied in a deep voice: "Do you know how much you could buy for a five-year 100-year bond due in July 1903 in Shanghai's government bond market six days ago?" "How much?" "Forty?  Two, it ended up being forty taels!" Liu Zhiping's cold voice echoed in the back hall: "Master Shen, think about it, with the current price of national debt, how can we sell the national debt at a 10% discount?  The bank has eaten it, but who can come up with five million taels of silver at once? "How could this happen? How could the national debt fall like this?" "I don't know, otherwise our virtues will be different this time?  I wouldn't have lost so much money in this matter. However, according to my speculation, it was because of the high food prices in Shanghai some time ago that factories had to pay more rice subsidies to workers, which led to tight money in the market and many people sold government bonds to raise cash.  It caused the national debt to plummet!" Shen Hongmao was completely confused by the opponent's series of reasoning. Although he was talented, neither the various schools of thought nor the Confucian classics could help him at this time.  Although he felt there was something wrong with what Liu Zhiping said just now, he couldn't tell what was wrong.  In the end, he had to look to Hu Keqin for help.  "Mr. Liu, what kind of conditions do you think we need to underwrite national debt?" "This -" Liu Zhiping showed a troubled look on his face: "Mr. Hu, the money supply in Shanghai is tight at the moment, so it is really not the case to issue national debt.  In my opinion, it would be better to wait for two to three months before issuing national debt, and the conditions would be much better." Now even Shen Hongmao could see that the other party was playing hard to get, and used troops to fight.  It's not business, so there's no way to delay. He was about to scold the other party when he heard Hu Keqin's voice beside him.  "When the imperial court deploys troops, there is no time to delay!" "Then, the national debt on the market has rebounded a bit now, reaching 50%. However, if another five million taels are issued all at once, it will definitely fall again. But this is the imperial court.  I will act responsibly and give you a 50% discount, but the interest will be increased to 5% per year. I wonder what you think?¡±  A million taels of bonds!" Hearing this, everyone else in the hall breathed a little heavier. Seeing that such a large deal was concluded, it didn't count the interest. When the government bond market returns to normal, the deal will be made.  It's a profit of five million taels, but I don't know how much such a big piece of fat Houde Bank will leave to others. When I think of this, many people's eyes are red.  "Sir, please rest assured. I, Houde Xing, can find a way to raise half of it, and others will raise the rest. Within fifteen days, all the money will be raised." At this point, Liu Zhiping turned around and asked everyone: "Everyone  , I have issued a military order to Mr. Hu, you can¡¯t overthrow me then!¡±"Okay! Liu Gong said, what else can't be done!" "You have to grit your teeth to deal with the affairs of the imperial court!" Everyone did not expect Liu Zhiping to be so generous this time, spitting out half of the fat for everyone to share, and their morale immediately increased.  Six or seven minutes later, the commotion almost lifted the roof of the back hall.  Twenty minutes later, the merchants all retreated, and only Liu Zhiping and Shen Hongmao were left in the back hall. Shen Hongmao, who could no longer hold himself back, said loudly: "Master Hu, why did you agree to those guys? They are clearly blackmailing the imperial court!"  "I know, but I have no choice. The court needs to get the money immediately!" "Then arrest these guys and ask them to pay them out!" "No!" Hu Keqin replied: "These people also have backers behind them.  , and they acted like they were willing to donate from the beginning. If we detain people, we will only ask them to contribute 700,000 to 800,000 taels at most, and then the issue of bonds will come to nothing. The money in the bank is not in the vault.  , but in circulation. If it is used forcefully, the result will be that more than half of the enterprises in Shanghai and even Jiangnan will close down, and millions of workers will be unemployed and take to the streets. Then the imperial court will not need to send troops to Ryukyu. It will be too late to deal with these unemployed workers!  " Shen Hongmao sat down frustrated. Only now did he understand why those people expressed their willingness to pledge money in the first place. It turned out that they wanted to retreat in order to make progress in the future. He still had too little contact with them. He sighed: "Is it possible?  Is there no way to deal with these guys? Just let them blackmail you?" "It won't happen this time!" Hu Keqin sighed: "At least I can't help it, the court is too anxious, otherwise it will take a while to turn around.  !" Shen Hongmao nodded. Only now did he understand the terrifying and abominable nature of these bankers. They were like leeches. Whenever they had a chance, they would attach themselves to people and suck their blood clean.  At night, Shen Hongmao sat alone at the table, eating a few dishes of side dishes and drinking wine. He originally came to Shanghai this time and prepared to use his strength to handle the errands properly, but he did not expect that he would end up with nothing.  As for the consequences of fighting back, if these bond issuance conditions were reported back to Hanjing, the crows at Yushitai would not be able to scold them bloody.  "Master Shen, there are guests outside asking to see you!" The servant's voice suddenly came from outside the door. Shen Hongmao raised his head, already half drunk, he tried to open his eyes wide and asked: "Who is it? He's gone!" That servant  After a moment's hesitation, the silver ingot he just got in his arms played its due role.  "Master Shen, that guest said that his surname is Chen, that he is from Burma, and that he is your friend!" "What, it's Chen Fusheng, why did he come to Shanghai!" Shen Hongmao's drunkenness disappeared all of a sudden, and he stood up.  : "Please come in!" After a moment, the servant led a man in black in. It was Chen Zaixing. Shen Hongmao walked down the steps in surprise and asked: "Is it really you? Aren't you a royal husband in Myanmar?  ? Why are you here in Shanghai? " "What's wrong with Mr. Wang? You can't come to Shanghai? I came to Shanghai to discuss a business. I just heard that you were here, so I came to see my old friend!"  Walking into the house side by side, they happened to see the wine bottle and side dishes on the table, and said with a smile: "You have a drink at night, how elegant are you? I don't think I will have a drink tonight!" "Brother Fusheng has been in Myanmar in the past few years.  It¡¯s expensive, as long as you don¡¯t think my wine is sour and my food is bad!¡± ¡°What did Brother Nian say? Is this the kind of person I am, Chen Fusheng?¡±  If you think the wine doesn't taste good, that's my problem!" Chen Zaixing sat down and called the servant to get another set of bowls and chopsticks.  Seeing his old friend's enthusiastic look, Shen Hongmao couldn't help but feel warm in his chest. He couldn't help but want to have a drink with his old friend to soothe the pain in his chest.  The two of them drank a few glasses of wine, and the strange feeling of not seeing each other for several years gradually disappeared, and the atmosphere gradually became lively.  Shen Hongmao asked casually: "Fu Sheng, what business are you doing in Shanghai this time?" "It's just some goods from Myanmar. The Yunnan-Myanmar Railway has not been built yet, and bulk goods still have to go by sea. In fact, I do it every year  Come to Shanghai once or twice." When Chen Zaixing said this, he asked: "What are you doing in Shanghai this time? I just saw you drinking alone, and you looked depressed. Could it be that things are not going well?" Shen Hongmao didn't answer immediately.  , just drank the wine in the glass in one gulp, Chen Zaixing did not rush him, he just helped the other party fill the glass. Shen Hongmao picked up the wine glass, but did not drink, and suddenly said bitterly: "These greedy silverfish!" Chen Zaixing pretended  He looked puzzled and asked: "Silverfish? Where do you start talking about this?" "Brother Fusheng, you don't know something!" Shen Hongmao then invaded Ryukyu with the Japanese, and the imperial court sent troops but lacked military spending.?We had to issue more treasury bonds, but these banks took the opportunity to charge sky-high prices and increased the discount on treasury bonds to 55%.  Finally, Shen Hongmao said bitterly: "In the past, I heard that these businessmen took advantage of people's dangers and took away people's property. I didn't believe it. Today, I have really seen it. They even dare to extort money from the imperial court. Is there anything else they can't do?  ¡± When there are no referrals, I look forward to getting referrals, but when the referrals come, I worry about the slow update speed. It¡¯s really worrying!  During the period of sealing and recommending, there will be two updates a day!  It can't be compared to those fast shooters. I hope everyone will continue to support this book and Weber, collect, reward, and recommend it!
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