Super Emperor of the Late Qing Dynasty

Chapter 125: Bonds and Paper Money

You can search for the latest chapters in Baidu for "Super Emperors Search Novels of the Late Qing Dynasty (www.soxscc.com)"!"Annan's bonds have gone up by five points. How can this be so fast?"

"Several mines were discovered over there this time, and the fishing grounds have also been built. Can it not rise?'

"I really regret it! Why was I so careful then?"

"That's right, next time there is any demon bond coming out, I must take a good look."

The Annan bonds issued for the first war against Gaul soared five times after the end of the war. With Annan’s development, these bonds continued to rise, but hardly anyone said they were selling. Going out, because of the bonuses for shopping, they can eat their brains.

It’s just that there were too few people who bought the bond at the beginning, and not many people made a fortune from this. As soon as the news spread, some people regretted it. Many of them had seen the bond, but they didn’t buy it at the time. .

Seeing others making money so easily makes many people jealous. Some people even hang around the gate of Daqing Bank every day to see when new bonds, especially war bonds, will be issued.

Wang Guangxu has always been brooding about the coin system.

As the medium of commodity circulation, money has always been very important, and gold, silver and copper have always been the main currency in circulation.

These things, as precious metals, play a very important role in industry and daily life, and they are all used as coins. I greatly imagine the development of various industries.

Moreover, the use of gold and silver as currency is inconvenient to carry, and people have a bad habit of burying gold and silver, which not only greatly affects the circulation of commodities, but also makes the loss astonishing.Although there are money houses as a transition, they are not as good as real banks and paper money.

Moreover, the use of precious metals as currency can easily be used by foreign powers to take advantage of the exchange ratio and suffer a lot of losses in financial warfare.

For example, because of the large number of silver mines in Neon, the exchange ratio of gold and silver is very different, which is much higher than that of the previous Qing Dynasty. Great powers can buy silver in Neon to obtain large amounts of gold.

The establishment of the Qing Bank made possible the reform of the currency system, and Wang Guangxu was determined to reform the currency system. Another reason was the chaotic domestic fiscal and taxation system.

At this time, Wang Guangxu had almost understood the country's fiscal and taxation system, and he couldn't help but let him spit out old blood. The infamous water transportation system, fire consumption system, and lijin system were all huge blood suckers.

"Fire consumption."

Many people are familiar with him. From the Wanli period of the Ming Dynasty, after Zhang Juzheng implemented a whip method, he no longer levied grains, no longer levied corvee, but implemented a tax and a general silver system.

But how much tax can each household pay?They are all small pieces of broken silver, and the fineness is different. When each state and county government pays these taxes to the national treasury or intercepts them, they must smelt the broken silver into large pieces of silver ingots and silver bars, and remove the impurities. .

In the process of smelting these broken silvers, losses will definitely occur, so these losses will be shown to the people. These losses are called "fire consumption" fat cat literature website www.feimaowx.com

Even the cost of transportation and taxation is unreasonably included in the fire consumption.

If shopping is smelting, then the loss is about 1%-2%, and it will never exceed 3%, because the orange silver is too bad, the government will not accept it.

But in the Qing dynasty, this fire consumption became a means of collecting money for officials at all levels, and the proportion of expropriation reached about 25% of the terrible, even more than the Ming dynasty. It also became one of their main means of collecting money and bribery, but there was no Ming dynasty. So blatantly make some Bingjing charcoal to show it out.

As for Lijin, to put it bluntly, it is a forcible donation, and it is a donation for the establishment of a card. His origin is the shortage of military expenditure during the suppression of the Taiping Movement.

There are thousands of bureau cards in the country, and most of the recruits are gangsters. They have almost no salary, and they rely on a rake. To put it bluntly, the more you press, the higher the salary you get. , Can even swallow a part of the group, one can imagine how dark it is.

Moreover, these bureau cards are not derived from a system. Each department can set up their own bureau cards. In the bustling business, you will find such a donation point every ten miles.

These donations include a variety of mu donations, house donations, shop donations, boat donations, salt donations, rice donations, wages donations, gunboat donations, dike donations, and land donations.

The heavy donation hinders the development of the commodity economy, but also dare not levy foreigners, making it difficult for the country's industry and commerce.

After Wang Guangxu reformed the military system, these things were less, but they are still common.

But wanting to abolish him is really difficult, because this is controlled by the local governor.The provincial lijin system is completely controlled by local forces.

So he is not a local tax law.It can also be regarded as a local reserved field.If Lijin is completely abolished.That is to risk the world's great misconduct and oppose all the local governors, and doing so now is nothing short of death.

In the same way, water transportation is also intricate, and mice are nested. Now Wang Guangxu can only use sea transportation as much as possible to prevent these moths. As for the abolition of "forced donation", let it go first, and wait until the new students grow up.

But to solve the fire problem, it is much simpler, as long as the issuance of paper money can solve it.

Although the people have been used to using gold, silver, and copper as currency for thousands of years, the "silver notes" and the "passbook" of the Qing Bank are already familiar.

Because banks have spread all over the country, and there has always been no problem with deposits and withdrawals, many merchants still use the anonymous passbook when trading, which is equivalent to the money order of later generations.

First, Wang Guangxu ordered the bank to directly change this deposit into banknotes, or it is called silver bills, but it is divided into "cent", "li", "money" and "two". Copper coins are not allowed to circulate.

Since the bank has built up the people's confidence before, and these banknotes can indeed be exchanged for silver in the bank, but they are not allowed to be used to buy things, the people have accepted it.

As for reserves, it has always been a silver-based country, and there are two ways to know the storage of precious metals.

With the new currency system, the circulation of domestic commodities will be much more convenient, and there will be no trouble due to the different pre-use habits, fineness, and transportation problems of the provinces. At the same time, countries with coinage rights will have more economic adjustment capabilities. Strong...