"Three hundred thousand strings of cash!"
All of a sudden, the ministers were in an uproar. No one had expected that the thirty percent of cash mentioned by Mo Jiazi would be such a shocking amount.
What was the concept of three hundred thousand strings of cash? Back then, the imperial court only spent four hundred thousand strings of cash to build the brick road from Chang 'an to Luoyang, which directly depleted the imperial court's finances. It was only possible by issuing bonds. But now, such a huge amount of money was taken out by Mo Jiazi so easily.
Many officials were delighted. Giving three hundred thousand strings of cash to the imperial court would make the imperial court much richer. How could they not be tempted?
More people were shocked. If thirty percent of cash was three hundred thousand strings of cash, wouldn't it mean that the banknotes Mo Jiazi was going to issue were as high as one million strings of cash? All of a sudden, everyone couldn't help but be shocked by Mo Jiazi's ambition.
In an instant, everyone's attention was focused on Meton.
"So, the banknotes that the Mo's Village wants to issue are as high as one million strings of cash?" Li Shimin said solemnly. One million strings of cash was not a small amount.
Meton nodded and said, "Yes, if the bank of the Mo's Village doesn't reach one million strings of cash, it will be meaningless. Only the circulation of one million strings of cash can make the bank fully play its role. And this is the amount that the Mo's Village can guarantee to pay."
All the ministers were silent. They naturally knew that the three hundred thousand strings of cash that the Mo's Village was willing to hand over was the wealth that the Mo's Village had rapidly accumulated in recent years. According to the ability and development of the Mo's Village, it was not impossible to earn one million strings of cash in the future.
"I see!" Fang Xuanling's eyes suddenly flashed.
Everyone knew that it was only a matter of time before the Mo's Village reached one million strings of cash. And the Mo's Village officially took advantage of this point to issue banknotes worth one million strings of cash. With the financial support of one million strings of cash, the Mo's Village would definitely develop by leaps and bounds, and the time to reach one million strings of cash would be greatly shortened. This was simply a win-win situation.
"Mo Jiazi is really extraordinary!"
The other ministers also thought of the reason, and couldn't help but secretly admire the means of the son of Mo. His sudden and unexpected plan was irrefutable and convincing. This was probably the magical effect of the credit currency.
"This old official believes that this is the best of both worlds!" Suddenly, the Assistant Minister of Civil Affairs, Dai Zhou, who had always been like a clay Buddha, spoke up.
The assistant minister couldn't help but feel anxious. He hadn't expected Dai Zhou to speak up for Mo Jiazi at this time. Although Dai Zhou was in poor health and his power in the Ministry of Civil Affairs was gradually declining, he was still the Minister of Civil Affairs, the most recognized financial expert in the Tang dynasty, and the person in charge of the Ministry of Civil Affairs.
Since Dai Zhou agreed with Mo Jiazi's banknote plan, as the assistant minister of the Ministry of Civil Affairs, he naturally couldn't refute it. Otherwise, if a subordinate dared to provoke his superior, he would definitely be in trouble in the future.
The assistant minister of the Ministry of Civil Affairs could only nod helplessly. After all, as long as he could occupy 30% of the Mo Family Village's cash, it would be a great merit. He immediately said, "If that's the case, I wonder when Lord Mo can send the 300,000 strings of cash to the Ministry of Civil Affairs' treasury."
However, Meton shook his head and said, "Sir, you seem to have misunderstood. I said I would hand over 300,000 strings of string of money to the imperial court as a deposit, not to the Ministry of Civil Affairs."
Everyone couldn't help but be stunned. The assistant minister of the Ministry of Civil Affairs said in surprise, "Lord Mo, if you don't hand it to the Ministry of Civil Affairs' treasury, where do you want to hand it to?"
Meton smiled slyly and said, "The 300,000 strings of string of money in the Mo Family Village must be handed over to the imperial treasury!"
"The imperial treasury!"
Everyone couldn't help but be stunned and involuntarily looked at Li Shimin. The finance of the Tang dynasty was generally divided into two parts. One part was the national treasury controlled by the Ministry of Civil Affairs, which gathered the wealth of the world. The other part was the imperial treasury set up by the palace, which was allocated by the national treasury every year. It was dedicated to the expenses of the royal family. Coupled with the treasures offered by various places, it could be said to be extremely rich.
The assistant minister of the Ministry of Civil Affairs was so angry that he laughed and said, "Lord Mo, I think you don't trust the Ministry of Civil Affairs. The wealth of the Ministry of Civil Affairs is more than tens of millions of strings of money every year. Do you think they will care about your 300,000 strings of money?"
Cheng Yaojin, who was beside him, laughed and said, "Everyone in the world knows that the Ministry of Civil Affairs is very poor. Although there are thousands of strings of money every year, they are all in with the left hand and out with the right hand. Now the national treasury may not even have 300,000 strings of cash."
The assistant minister of the Ministry of Civil Affairs blushed. He naturally knew the background of the Ministry of Civil Affairs. In terms of cash, he was afraid that they really couldn't take out 300,000 strings of cash at once.
"Approved!"
Li Shimin waved his hand to stop the discussion and made the final decision.
At this time, the officials saw that the matter had been settled, so they had to stop the discussion and think about the gains and losses of this dispute in the imperial court.
This time, it seemed that Mo Jiazi had handed over 300,000 strings of string of money, but after all, the imperial treasury belonged to the palace. Coupled with the relationship with Princess Changle, there was no need to worry about the safety of the money.
And the imperial court had perfectly solved the hidden danger caused by the new thing, banknotes. The reason why Li Shimin made the final decision was because he saw the sincerity of the Mo family. With the 300,000 strings of string of money and the property of the Mo family's village, the Mo family's ability to repay the debt greatly increased. Not to mention, the Mo family's endless Mo skills.
Among them, only Yu Zhining and the assistant minister of the Ministry of Civil Affairs acted as villains for no reason. They didn't hit the fox, but got themselves into trouble.
Yu Zhining couldn't help but bow his head in flattery. Although he didn't achieve his ultimate goal, it was a big victory to reduce the Mo family's debt of 300,000 strings of cash.
But in his heart, there was still a faint worry. The Mo family's village had put in so much effort to issue banknotes, so they must have a big plan. But he knew little about economics, so how could he understand the mystery behind it?
The other officials also had different thoughts. Some of them were shocked by the wealth of the Mo's Village, but most of them were secretly laughing at the Mo's son. The 300,000 strings of cash were suddenly taken out and exchanged for the paper notes that were nominally worth a million strings of cash. Compared with piles of paper notes, the world knew which was more important. Silver was always white. No matter how beautiful the banknotes of the Mo family's village were, if they couldn't be exchanged, they would be a pile of waste paper in the end.
Only a few insightful people fell into deep thought. They couldn't help but admire the idea of the Mo Family's bank. If the Mo Family's bank idea was successful, it would bring about an earth-shattering change to the Tang Dynasty.
"Mo Jiazi!"
Everyone couldn't help but take a deep breath. No matter what the officials thought, they all had one thing in common. They were all conquered by the Mo family's son's courage. Taking out 300,000 strings of cash just like that was not something an ordinary person could do. The only person in the world who could do this was probably the Mo family's son.
The officials all left with their own thoughts. Meton also wanted to take the opportunity to slip away, but when he saw Li Shimin's warning eyes, he knew that he was asked to stay by Li Shimin again.
"Modun, how dare you! How dare you meddle in the coinage business!" Li Shimin suddenly shouted after the officials had retreated.
For a long time, the coinage was the exclusive property of the imperial court. It was the source of the imperial court's wealth. The village of the Mo family's village issued banknotes, which was a form of currency, which was suspected of touching the coinage. Besides, Meton also admitted that banknotes were the third generation of currency in the future.
Meton immediately felt wronged and said, "Your Majesty, you wronged the Minister. The banknotes issued by the Minister are not coinage, but to solve the problem of people carrying too much money. The money earned is hard work. It's not as profitable as the imperial court's coinage."
This was also the reason why Meton denied Shen Hongcai's excessive issuance of banknotes, because it would easily violate the imperial court's taboo. The banknotes issued by the village of the Mo family were only 300,000 strings of cash. The amount of one million strings of cash was added by Meton according to the situation of the imperial court at that time. This was the maximum amount that the village of the Mo family could guarantee the safety of the banknotes.
Li Shimin did not believe Meton's nonsense at all. Instead, he warned in a cold voice, "The coinage of one million strings of cash is neither big nor small. Do you know why I allowed you to issue banknotes?"
Meton quickly took over the topic and flattered, "Could it be that Your Majesty took pity on people carrying too much money and taking too much risk?"
Li Shimin sneered and said, "The world is bustling with activity for profit, the world is bustling with activity for profit. What problem is excessive wealth? Even if it is ten times heavier, I am afraid the world will still scramble like a flock of ducks. No matter how big the risk is, it can't be compared to the pursuit of money. This is not the main reason at all. "
Meton could not help but nod silently and said, "Your Majesty, please enlighten me."
"Tong Huang!" Li Shimin said with a dignified look.
Meton was surprised and said in his heart, "Tong Huang of the Tang dynasty is already so serious?"
Li Shimin nodded and said, "Although the speed of copper mining has greatly increased with the mechanical promotion of the Mo family, the price of copper is still rising year after year in recent years. In addition to the fact that people like to put money into the ground, the Mo family also contributed a lot."
"Your Majesty, I'm innocent! The village of the Mo family has never hoarded copper. "Meton hurriedly cried out his innocence.
Li Shimin said bitterly, "Do you think you can still stand in front of me in one piece if you hoard copper? But the amount of copper consumed by the village of the Mo family every year is not small. Especially after the rise of the village of the Mo family, the price of copper has risen particularly seriously."
Meton suddenly understood. At this time, there was no stainless steel technology. Steel was easy to rust. For some of the rusty or important parts, the village of the Mo family used copper, which was not easy to rust. The annual consumption of copper was a huge amount.
Meton heard this and said proudly, "The village of the Mo family knows that they have delayed the imperial court, so they used silver notes instead of copper coins to solve the problem of the Tang dynasty's copper shortage."
Unexpectedly, Li Shimin nodded his head and said, "You said that the paper money is the third generation of currency. Zhen also deeply agrees. However, to implement it, it is extremely difficult. Zhen still needs to observe for a long time. However, your idea of dividing the banknotes into one tael, one coin, and one fen is extremely clever."
The more Li Shimin spoke, the more excited he became. His idea of a currency system of one tael, one coin, and one fen banknote allowed one tael of silver to be divided into three levels. Originally, one needed to carry thousands of copper coins, but under such a simple division, they only needed ten coins. For the Great Tang, which had suffered from the copper shortage for a long time, this was like a sweet rain after a long time.
Meton suddenly understood why Li Shimin liked the silver note. The silver note had just been introduced, and its effect was unknown. However, Meton's calculation of the decimal of silver notes made Li Shimin see the way to solve the copper shortage.
With Li Shimin's keen insight, the Tang dynasty might not need the silver note, but it definitely needed the decimal currency system. Of course, he was not in a hurry. He was going to test the decimal currency system in the village of the Mo family himself. This was the real reason why he allowed the village of the Mo family to issue silver notes.
Meton understood that Li Shimin was using the village of the Mo family as an experimental place. What he was testing was not the silver note, but the decimal currency system.
"I understand. I won't let you down, Your Majesty." Meton couldn't help showing a trace of confidence.
…
"Three hundred thousand strings of cash!"
There was no such thing as an impenetrable wall in the world, especially such a thing didn't need to be kept secret. Soon, the news that the village of the Mo family handed over three hundred thousand strings of cash as a deposit to the imperial court spread quickly in Chang 'an.
"Mo Jiazi is really rich!" The people who heard the news couldn't help but click their tongues. Everyone knew that the village of the Mo family was the first village in the world, but they didn't expect that it had accumulated so much wealth. With three hundred thousand strings of cash, it could be said that the village of the Mo family deserved to be the richest in Chang 'an.
"You don't know this. The wealth of the village of the Mo family is shared by all the villagers, not Mo Jiazi alone." Most people in Chang 'an knew the system of the village of the Mo family, so they explained it to the people.
"It is said that there are thousands of families in the village of the Mo family, more than five thousand people. So each family has about sixty strings of cash, and each family has three hundred strings of cash." The people clicked their tongues.
No one knew when the people in Chang 'an had learned Mo Jiazi's habit of measuring everything with numbers. The school of mathematics had become popular.
"The village of the Mo family deserves to be the first village in the world!" The people in Chang 'an were amazed. The people in Chang' an could be said to be the richest in the world. Even so, if the real estate of the people in Chang 'an was not taken into account, the wealth of the people in Chang' an might be less than that of the village of the Mo family.
How incredible it was that the income of a village could be equal to that of the people in the capital city.
In the eyes of ordinary people, the world only cared about the property of the village of the Mo family, but in the business world, it caused an uproar.
With the guarantee of 300,000 strings of cash from the imperial court, the reputation of the bank of the village of the Mo family was doubled in an instant. The reason why people were willing to use the bank was that they liked the reputation of Mo Jiazi and the village of the Mo family. But now with the deposit of 300,000 strings of cash to the imperial court, the reputation of the village of the Mo family was no longer doubted.
In particular, Mo Jiazi had promised in the imperial court that the village of the Mo family would not participate in the cashing of bank notes. In addition, with the property and deposit of the village of the Mo family, as well as the convenience of bank notes, bills of exchange and checks, the reputation of the bank soared in an instant.
"Mo Jiazi's 300,000 strings of cash is worth it!"
Many knowledgeable people couldn't suppress their astonishment. Anyone with discerning eyes could see that once the 300,000 strings of cash were handed over to the imperial treasury, it would be impossible for the village of the Mo family to take it out again unless the bank of the village of the Mo family went bankrupt. Theoretically, the royal family could use the 300,000 strings of cash at will, but the price was the royal family's reputation and the promise to repay the people in the future.
Of course, no one in the Tang dynasty doubted the royal family's reputation and the ability to repay in the future. And the credit of the bank of the village of the Mo family also rose. This time, the village of the Mo family and the royal family could be said to be a win-win situation.
In the bank of the village of the Mo family, the silver carriages had been ready for departure. Shen Hongcai couldn't help sighing with emotion when he looked at the silver carriages worth 300,000 strings of cash in front of him.
When he was teaching mathematics in the Imperial College, he was still haggling over the small salary. But soon after he took over the bank, thousands of strings of cash, tens of thousands of strings of cash, even 300,000 strings of cash, were just strings of numbers in his eyes.
"Meton, everything is ready!" Shen Hongcai checked carefully and confirmed that everything was correct, then said to Meton solemnly.
"Let's go!" Meton suddenly shouted, stepped out of the gate of the bank of the village of the Mo family with his head held high, and went straight to the Rosefinch Gate.
Although the distance between the bank of the village of the Mo family and the Rosefinch Gate was less than a hundred steps, in front of the business travelers who came to the bank for business and the spies of the hundreds of families, there were already eyes everywhere, not to mention that when they entered the imperial city, there were also many officials who witnessed it.
A transaction of three hundred thousand strings of cash was completed under the watchful eyes of the crowd.
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