The world of counterfeit magistrates competes in the world

Chapter 837 Stock Boom
In mid-November, good news came from the south again, and the Li Yue Kingdom could not hold on at first.After the Tianhua army approached the city, its lord was killed by his subordinates and surrendered in Kaesong.

Today, except for the occasional rebellions in various places, the Liyue Kingdom is basically pacified.

On the other side of Wuze Country, the Tianhua Army has captured a large area of ​​its northern territory.Wuze Kingdom seems to be contacting the tribes around the southwest, trying to collude with the barbarian tribes and resist stubbornly.

Lin Yifan immediately decreed that the proton of the Liyue Kingdom was canonized as the new King of Liyue, and he went back to the country to assist the Tianhua Army in stabilizing the situation in Liyue.

At the same time, the proton of Wuze Kingdom was also canonized as the King of Wuze, and he went to Wuze to assist the Tianhua Army in suppressing the rebellion.

In late December, when the imperial court issued year-end salaries, it used paper money called salary notes for the first time as officials' salaries.

The newly produced banknotes are divided into denominations of ten taels, hundred taels, one taels (that is, thousand taels), ten taels, 100 taels, and 1000 taels.

It wasn't that Lin Yifan didn't want to design penny banknotes, it was because the production cost of banknotes was more expensive than one penny, and making penny banknotes was not worth the loss.What's more, if the transaction is under ten cash, it is convenient to carry some copper coins with you.

In order to set an example, Lin Yifan took the lead in receiving his share of salary.Looking at the stack of thin banknotes on the table, he finally felt a touch of modernity.

Then the cabinet members received their paychecks. Unlike in the past when they carried them home with boxes, now they only had a few big bills in their hands, and they felt that this move was indeed much more convenient than before.At the same time, I am not used to it. Compared with the intuitive pieces of shiny silver coins, these few pieces of paper really cannot bring psychological satisfaction.

Such scenes were soon staged all over the country. After receiving the banknotes, many officials couldn't wait to go to the bank to exchange them for real money.

Although they believed in the credibility of the imperial court, this kind of paper money has not yet been recognized in the market.Although many merchants have to accept this kind of banknotes because of the law.But they are very resistant, and sometimes even choose not to sell or accept such banknotes.Therefore, officials can only go to the bank to exchange money.

In this regard, Lin Yifan did not force it. This kind of reform should not be rushed. Let everyone slowly understand the paper money first.When they find that the paper money is still strong after years of circulation, they will start to accept it.

In the first ten days of January of the following year, the iron smelter, which was the first to issue shares, began to release the financial report for the previous year.

When the person who bought the stock of the iron smelter in October last year studied it carefully, he suddenly discovered that the value of the stock in his hand had changed from one tael per share to one tael a share, a half increase .

It's only been three months, and the price has increased by half. If you started buying it at the beginning of last year, it would have doubled several times in a day or two.

Many businessmen suddenly went crazy, wishing they could buy more stocks.It's a pity that one person can only buy one thousand shares.If you can buy all the one hundred thousand shares, you can make a net profit of 5 taels at this time.

5 taels in three months, still earning while lying down. Many big businessmen earn less than 5 taels throughout the year.

At this moment, the iron smelting workshop began to issue notices announcing that the issued stocks could be withdrawn.

But at this time, who is willing to sell the stocks in their hands, half of the profit can be made in three months, wouldn't it be doubled in that year?
Except for some timid ones who are satisfied after earning some money and are eager to exchange stocks for money.Everyone else wants to see if the stock in their hands can continue to appreciate.

In addition, the iron smelting workshop issued another dividend announcement in the next few days.After a comprehensive accounting, each share can receive a bonus of [-] yuan, and the shareholders can go to the banks in each city to claim it with the stock.

At this time, those who are eager to sell can't help but regret it.One share is a hundred coins, and one thousand shares is 100 taels.

Under the deliberate publicity of the Ministry of Culture and Propaganda, the trend of stock speculation was raging, which aroused the attention of the general public.Those who bought stocks are the best advertisements, attracting everyone's eyes.

Soon, in February, the imperial court announced that the second batch of joint-stock reforms would begin.Decentralize more than a dozen large government-run workshops and sell 100 million shares to the outside world.

With the previous enthusiasm, the whole Tianhua became a sensation, not only the businessmen, but also ordinary well-off families enthusiastically snapped up stocks.

Due to the delay caused by the vast territory, these stocks will be scattered across the country in proportion, and the benefits will be shared equally.In this way, 100 million shares seemed huge, but after several divisions, they were still sold out.

The value of these stocks varies, and all workshops earn millions of taels at once.Finally, without relying on financial support, we began to expand the industry independently.

Today, Tianhua is still developing and expanding vigorously. The government-run workshops, as the pillar of the court's logistics, are rapidly growing stronger over the years.

Many centuries-old constructions have been put on the agenda, and some have even begun construction.There are also the recently captured Tianyun and the southern countries, which all need large-scale reconstruction.

And these are closely related to the official workshop, and it can even be said that the main business of the official workshop comes from here.

Merchants and gentry are not fools. After carefully studying the business of these workshops, they can predict their development trend in the next few years.

As the empire begins to vigorously develop overseas expansion, then related industries will be able to be vigorously developed.If you can buy stocks in these industries, you will be able to make money lying down in the next few years.

They soon discovered that this stock is a sharp tool for making money. If private workshops can issue stocks, then they can rely on stock operations to complete the accumulation of wealth, and they no longer have to work hard everywhere. Running around.

Many businessmen also realize that if their workshops or shops can also issue shares, they can raise a lot of money in a short period of time to expand their workshops and shops and earn more money. profit.

However, the imperial court has now explicitly prohibited the unauthorized issuance of shares by the private sector, as well as transactions between shares.Businessmen can only connect with each other and lobby the government, hoping to open private stock issuance and trading.

How could Lin Yifan agree to this.Now the time is not yet ripe, rashly establishing non-governmental transactions will only lead to market chaos.What's more, now is the time when the court needs to raise a lot of funds, how can it let the money flow to the people?
Therefore, Lin Yifan ordered the cabinet to issue decrees to various places, strictly ordering governments at all levels not to participate in civil petitions or to collude with businessmen.

Soon, the businessmen's petition ended in dismay after a lively period.They finally understood that the imperial court did not intend to open up the stocks. If they wanted to buy them, they could only wait for the imperial court to announce them.

(End of this chapter)