"Who did the Mo Family give the stamp money to?" A commoner who was unaware of the situation asked in shock.
"Who else could it be? Who needs money the most in Chang 'an now? "A merchant pointed to the east with his chin.
"The Fan's Firm in the east!" The crowd suddenly understood.
Before, the person who needed money the most in Chang 'an was Mo Jiazi. Now that Mo Jiazi had borrowed a large amount of stamp money from the people, he had become the richest person in Chang' an. He was no longer short of money. Manager Fan of the Fan's Firm had successfully replaced Mo Jiazi as the person who needed money the most in Chang 'an.
"No way! The Mo's reputation is so good. Why would Mo Jiazi give the stamp money? "An idler questioned. Giving the stamp money was not a good reputation. Whenever the stamp money was not collected, it was often accompanied by blood and violence. Except for the notorious Ziqian family, no one would be willing to get involved.
"Mo Jiazi borrowed 50 strings of stamp money. The annual interest is close to 20,000 strings of cash. If he doesn't give the stamp money, he will lose money. Besides, Mo Jiazi doesn't need so much money." The merchant thought for a while and said. Mo Jiazi's original plan was to borrow 100,000 strings of cash. He did not expect to borrow 500,000 strings of cash at once.
"I knew it. Mo Jiazi had already borrowed 500,000 strings of cash. Why would he continue to take it? It turns out that he wants to get involved in the stamp money business." An idler suddenly realized.
The merchant shook his head and said, "In my opinion, Mo Jiazi is not involved in the stamp money business just for money. When Mo Jiazi was in danger, the Ziqian family did not hesitate to hit him when he was down. How could Mo Jiazi be satisfied?"
"Mo Jiazi is indeed a catfish. Back then, the Ziqian Family wanted to trick Mo Jiazi with the Seal Money, but now they were counterattacked by Mo Jiazi. From now on, the Ziqian Family's business in Chang 'an will no longer be monopolized by the Ziqian Family." The idler was enjoying the show.
A Confucian scholar's face was filled with disgust when he heard this. "There is no such thing as bloodshed in every single coin. Regardless of whether it is the Ziqian family or Mo Jiazi, as long as they are involved in bloodshed, they will become jackals of the same lair."
"Impossible, Mo Jiazi is not that kind of person." The merchant strongly refuted.
The Confucian scholar sneered, "You have all been deceived by Mo Jiazi. Which one of those who put out the seal money is a good person? I used to think that Mo Jiazi had the Mohist philosophy of love with impartiality. Now it seems that he is nothing but a hypocrite."
Everyone wanted to refute, but they didn't know where to start. After all, everyone's understanding of the Yin Money made it impossible for them to refute.
Suddenly, there was an uproar. A loud shout came from the crowd, "Shopkeeper Fan has come out!"
At the entrance of the bank's headquarters, everyone immediately looked toward the entrance. They saw Shopkeeper Fan and Shen Hongcai walking out together.
"Many thanks!" Shopkeeper Fan bowed to Shen Hongcai gratefully.
Shen Hongcai returned the bow and said, "Shopkeeper Fan, there is no need for you to be so polite. The Fan Family Trading Company and the Village Mo Bank each took what they needed."
Shopkeeper Fan thanked him again and again before turning to leave.
"Shopkeeper Fan, please wait a moment. Would you be willing to accept an interview from the Confucian magazine?" Suddenly, Chief Editor Ma of the Confucian magazine stepped out from the crowd and asked in a clear voice.
The crowd was in an uproar. They didn't expect that the Chief Editor of the Confucian magazine would be alerted.
Shopkeeper Fan couldn't help but be stunned. His Fan Family Trading Company had cooperated with the Confucian magazine to advertise before, so he naturally recognized Chief Editor Fan. He couldn't help but turn his head to look at Shen Hongcai behind him. He saw Shen Hongcai nodding slowly and said solemnly, "Please ask, Chief Editor Ma. I will tell you everything I know."
According to his agreement with the Village Mo Bank, all loans had to be made public. He also wanted to take this opportunity to dispel the rumor that the Fan Family Trading Company was short of money.
"How much did Shopkeeper Fan borrow this time?" Chief Editor Ma went straight to the point. Suddenly, everyone quieted down. This was the question that everyone was most concerned about.
Shopkeeper Fan heard this and couldn't help but smile. He waved the bill in his hand and said, "7,500 strings of coins!"
"Wow! So much! "
The crowd couldn't help but be in an uproar. This was not a small number. The Fan Family was originally a family with only 10,000 strings of coins. He had borrowed 7500 strings of coins in one go. Would he be able to return it?
"How long did Shopkeeper Fan borrow? How much is the interest?" Chief Editor Ma asked excitedly.
"I borrowed it for a year. The interest is 6%," Shopkeeper Fan replied straightforwardly.
"6% interest?"
This time, everyone couldn't help but be stunned. They whispered to each other, "I heard that the Qian Family offered Shopkeeper Fan a 10% interest. It seems that Mo Jiazi took the initiative to lower the interest to 6% in order to compete.
However, when everyone counted with their fingers, they suddenly realized that even 6% interest was a huge number. Even the Fan Family with 10,000 strings of coins couldn't repay it!
Chief Editor Ma immediately shouted, "Shopkeeper Fan, you are also a senior in the business world. How dare you borrow 6% interest? Do you know how much interest you have to pay?"
Under Chief Editor Ma's righteous reprimand, Shopkeeper Fan nodded slowly and said, "Of course I know. According to the 6% interest, the total amount is 450 strings of coins. The principal amount is 7,950 strings of coins."
"450 strings of coins!"
When everyone heard the amount of interest, they almost exploded. They all looked at Shopkeeper Fan as if he was an idiot. Was Shopkeeper Fan muddle-headed? How could he make a mistake?
"Wait, you said 6% annual interest!" Chief Editor Ma had a flash of inspiration.
Shopkeeper Fan smiled and said, "Yes, it is 6% annual interest."
This time, almost everyone was in an uproar. They had never heard of an annual interest rate of six percent. No, they had heard of it before. That was the price offered by the son of the Mo family to the Ziqian family, but the Ziqian family had already rejected it. As for the annual interest rate of three percent that the son of the Mo family said to the citizens of Chang 'an, it was already beyond the concept of an annual interest rate.
"How is this possible? Isn't this the price Mo Jiazi offered to the Qian Family?" Chief Editor Ma couldn't believe it.
Shopkeeper Fan nodded solemnly and said, "That's right. Marquis Mo's words carry enormous weight. Since he said that the interest rate for the stamp money is six percent per year, then it is six percent per year. If the interest rate for the bank is six percent per year, then the interest rate for the loan to me is also six percent per year."
"Merton is domineering!"
Everyone was so excited that they couldn't control themselves. They were all impressed by Mo Jiazi's heroic spirit.
"6% annual interest!"
The businessmen were so excited that they couldn't control themselves. As businessmen, everyone would encounter a time when they were short of money. At this time, they couldn't borrow money, but they were unwilling to take out a loan. For them, 6% annual interest was like a scholar hearing the news of the Emperor's grant. They were wild with joy.
Since the interest of the bank loan was the price Mo Jiazi offered to the Qian Family, didn't it mean that the interest for two years was 7%, and … the interest for five years was 1%, and it wasn't compounded?
"7500 strings of cash for 6% annual interest. There are no additional conditions," Chief Editor Ma said unwillingly. He didn't believe that Mo Jiazi would be so charitable. After all, it wasn't just a few strings of cash, but 7500 strings of cash. If someone ran away with the money, Mo Jiazi couldn't do anything to them.
Shopkeeper Fan added, "Of course, if you want to borrow 6% annual interest, you have to use real estate of equivalent value as collateral. I will use the Fan Mansion and the Fan Family Business as collateral to borrow 7500 strings of cash.
"I see." Everyone couldn't help but be enlightened. This made sense. According to the market price, the Fan Family's property was worth such a high price.
"It's that simple?" Chief Editor Ma asked disappointedly. He originally wanted to collect dirt on Mo Jiazi, but if he exposed it, it would only make Mo Jiazi's reputation better.
Shopkeeper Fan said affirmatively, "It's that simple."
Chief Editor Ma looked at the door of the bank stiffly. How could 6% annual interest be called money? Compared with the 1% monthly interest, it was simply charity.
He couldn't imagine that there would be people in the world who wouldn't earn money. Even if it was 3% annual interest, there would be people rushing to borrow money, let alone 6% annual interest. However, Mo Jiazi directly lowered the interest to 6% annual interest. This was simply destroying the Qian Family's livelihood!
It was unknown whether he wanted to take revenge on the Qian Family, or if he had a hidden agenda.
As Shopkeeper Fan left with his head held high, everyone knew that with the 7500 strings of cash, the Fan Family Business could be expected to make a comeback.
Seeing this, Shen Hongcai couldn't help but smile proudly. From today on, the Village Mo Bank would really rise and become the most eye-catching place in Chang 'an City.
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