Chapter 721: Introducing Folk Wealth (Thanks to book friend 19128 for the reward!)

June 17, 10:00 AM
Jiyuyujing, in the study of Ye Mingsheng's temporary residence
“I, the commoner Wang Jiang, greet the Marshal…”

Looking at the young woman in front of him who was dignified and elegant, and whose every frown and smile was full of charm, Ye Mingsheng couldn't help but smile faintly and asked:

"Are you Jiang Yuyan?"

When Jiang Yuyan heard Ye Mingsheng calling out her maiden name, she was surprised and a little resistant, thinking that Ye Mingsheng's behavior was extremely frivolous and rude.

If the other party was not Ye Mingsheng, she would have walked away in anger at this moment. However, reason told Jiang Yuyan that the smiling man in front of her was someone she could not afford to offend. If she made him unhappy, not only she, but the entire Wang family would suffer!
After adjusting her mood, Jiang Yuyan suppressed her inner resistance and disgust, and said to Ye Mingsheng very respectfully:
"This woman is none other than Jiang Yuyan!"

Ye Mingsheng, who was unaware of Jiang Yuyan's inner thoughts, nodded slightly. Although he had some expectations about Jiang Yuyan's beauty, he still felt a little surprised to see her in person.

In addition to her beauty and charm, perhaps because she was born into a royal family, she was born with a noble temperament that can only be admired from afar and not touched!
I have to say that Zhang Zhiwen has a good vision and is loyal to me, thinking of giving such a beauty to me!
According to Ye Mingsheng's original itinerary, he should have headed north at this moment, but because there were some chores that had not been completed, Ye Mingsheng stayed for one more day and listened to Jiang Yuyan's opinions on the bank's business policies and strategies...
Although he was somewhat interested in Jiang Yuyan, Ye Mingsheng did not forget the main topic. He pondered for a moment and asked:
"The Chief Secretary has issued a ticket office license to your Wang family. What are your plans next?"

Jiang Yuyan was very surprised to hear Ye Mingsheng asking this. She had worked so hard to finally satisfy the inspection team sent by Gu Sansi and got the banknote exchange license. The next step was naturally to open a banknote exchange to make money. What other ideas could she have besides this?
But can I say this to Ye Mingsheng?
Just when Jiang Yuyan didn't know how to answer, Ye Mingsheng spoke again:

"This time, the ticket number licenses were issued to the Yun family in Liaoyang, the Liu family in Jiyu, and your Wang family. But you should understand without me telling you that compared to the Yun family and the Liu family, your Wang family's conditions are not very good!"

Seeing Ye Mingsheng talking about Jiang Yuyan, she was even more confused. She didn't know what Ye Mingsheng was talking about. She was also skeptical about what Ye Mingsheng said at first, but she didn't think much about it. She just thought that she had been active in leading the Wang family to join the Fengwu Army, and this was just a report given to them by the Fengwu Army.

But now listening to what Ye Mingsheng said, it seems that the reason is not just this?
Could it be that Ye Mingsheng has some other purpose?
Realizing this and thinking about Ye Mingsheng's frivolous behavior of calling her by her maiden name just now, Jiang Yuyan, who had always been very confident about her appearance, couldn't help but come up with a bold guess in her mind!

What if what you think is true?

So what should I do·······················
Thinking of this, Jiang Yuyan suddenly fell into a dilemma. This was not the first time that she was coveted by someone, but the ones before were all elderly men. Jiang Yuyan felt disgusted by them and would rather die than give herself to them.

However, although Jiang Yuyan is now respectful and docile like a kitten towards Ye Mingsheng, who is in his prime, deep in her heart she extremely hates Ye Mingsheng!

Although she was born out of wedlock and was already married, she was born into the Jiang royal family and was the pride of Jiang Yuyan's life. Although Ye Mingsheng fought under the banner of respecting the emperor and eliminating traitors, Jiang Yuyan could see clearly that this was just a trick used by Ye Mingsheng to deceive the world!
From Ye Mingsheng’s actions, it can be seen that this person has Sima Zhao’s intentions, and everyone knows it!

He almost carved the five big words "I want to be the emperor" on his forehead and showed them off to the public!

The Fengwu Army under his command only recognized Ye Mingsheng and did not take the Emperor of the Great Zhou seriously. They did not even bother to disguise their slogans and simply shouted that they would be loyal to the Marshal and would die for him!

In Jiang Yuyan's eyes, Ye Mingsheng and Shangguan Hongyuan are birds of a feather, both traitors who deserve to be put to death!
Although he hated Ye Mingsheng very much, people were still living in reality after all. Now the emperor was in disgrace and the Zhou Dynasty was in decline. Ji and Yu were occupied by the Fengwu Army. Ye Mingsheng was the emperor of Ji and Yu, and his words were laws and no one dared to disobey!
If he really wants me, what should I do·····························
Just as Jiang Yuyan was daydreaming, Ye Mingsheng saw that this woman was hesitant to answer and her expression was a little uncertain. Although he didn't know what this woman was thinking, in order to save time, Ye Mingsheng directly said:

"I plan to conduct a pilot program in Hebei and Henan. I will allow the bank founded by your Wang family to start a savings business to absorb private wealth. The money earned from the savings business will be used to provide loans to farmers to purchase fertilizers, farm tools, livestock and other agricultural materials. Secondly, it will be used to build roads, dams, canals and other infrastructure to promote the economic development of Hebei and Henan!"

After Ye Mingsheng said this, although Jiang Yuyan did not fully understand what Ye Mingsheng meant, she also realized that Ye Mingsheng did not seem to value her beauty when he issued the bank license to the Wang family. This made Jiang Yuyan feel fortunate, but also a little disappointed in her heart.

She had just thought about it. If Ye Mingsheng really coveted her beauty, she would definitely refuse. But if Ye Mingsheng wanted to use force, or threaten the Wang family, she would just treat it as a bite from a dog!
But now seeing that Ye Mingsheng didn't think so, Jiang Yuyan couldn't help but feel a little shaken about her charm.

Seeing that Jiang Yuyan and Jiang Ran were still silent, Ye Mingsheng frowned slightly and said:
"Jiang Yuyan, did you hear me clearly?" Feeling the heaviness of Ye Mingsheng's voice, Jiang Yuyan was startled and said without hesitation:
“I will naturally remember what you said, Marshal, but please forgive my stupidity. I don’t know what this savings business is all about…”

Ye Mingsheng said calmly:
"As the name suggests, the savings business requires people to deposit their money in your bank. Your bank will give different interest rates depending on the amount of money and the deposit period. When the deposit period expires, your bank will return the interest and principal to the people!"

After hearing what Ye Mingsheng said, Jiang Yuyan roughly understood what Ye Mingsheng meant. Although she did not dare to have any thoughts on the surface, her eyes were full of bitterness. She felt that Ye Mingsheng was just having wild ideas and did not understand how business operated!

In her understanding, the business model of the Piaohao is to provide convenience for the people in the caravans, so that these people do not have to carry heavy silver, but only need to bring a silver note to exchange for payment, and the Piaohao will take a commission from it to make a profit!

But when it comes to Ye Mingsheng, why is it that the bank not only does not take a commission, but also has to pay interest? Wouldn’t the bank lose a lot of money?
Although she was very afraid of angering Ye Mingsheng, for her own benefit, Jiang Yuyan hesitated for a moment and said cautiously:

"Please forgive my ignorance, Marshal. How can this savings model be profitable according to what you said?"

Hearing what Jiang Yuyan asked, Ye Mingsheng also understood that the banking business model of the future was a bit too advanced for the current traditional ticket offices, so he patiently explained;

“If you use the savings absorbed by your bank to provide farmers with loans to buy agricultural materials, then after the autumn harvest, when the farmers sell the grain and get the money, they can naturally pay back your bank with interest…”

"If the savings are used to build roads, dams and canals, then the government will levy taxes on the people who use these infrastructure, and these taxes will be returned to your banknote number!"

"Let me give you a simple example. For example, if your bank absorbs 10,000 taels of silver in savings, you give this 10,000 taels of silver to the government to build a dam and canal. After the dam and canal are built, it will promote production. The government will then collect money from the people who use the dam and canal. The tax will be 1,300 taels per year, and it will take a total of ten years!"

After hearing what Ye Mingsheng said, Jiang Yuyan seemed to understand the rules of operation and whispered:
"Only 30% profit in ten years?"

Ye Mingsheng waved his hand and said:
"You can brainstorm and discuss the specific interest rate. I am just giving an example, but the purpose is clear, that is, take it slow and don't rush!"

Jiang Yuyan studied the words carefully for a while, and then asked Ye Mingsheng very seriously:
"If the Marshal doesn't do that, what should we do if there is a disaster and the farmers can't harvest the food, or if there is a big flood and the dam collapses?"

After saying this, Ye Mingsheng said calmly:
“Is there anything in this world that is risk-free? However, as a bank, reputation must be the most important thing! We must do our best to ensure the repayment of depositors’ deposits··························"

When Jiang Yuyan heard Bai Xi's words, a trace of worry appeared on her face, as if she felt that this was a thankless task!
Seeing this woman, it seemed that she still hadn't discovered the beauty of the bank. Ye Mingsheng was a little helpless. The transformation of the banknote exchange into a bank was a historical necessity, and what Ye Mingsheng wanted to do now was to speed up this process. To be honest, Ye Mingsheng had this idea a long time ago, and opening the banknote exchange license was the first step for Ye Mingsheng to implement this matter!
Although Ye Mingsheng had been working hard to increase revenue and reduce expenditure, it was obvious that the money was still not enough. Therefore, the idea of ​​using private capital to promote economic development came into Ye Mingsheng's mind. In traditional concepts, distributing agricultural supplies to the people and building dams and canals were things that should be done by the government.

However, the government's finances are limited and it is impossible to take care of everything, especially large projects like building dams and canals that cost countless amounts of money. It is very difficult for the government to implement them, and if they are not careful, they may become a bottomless pit that drags down the finances.

Because of the fear of this kind of situation, several projects that should have been built by the Chief Secretary have been delayed...
On the one hand, due to the lack of money, the construction of infrastructure and economic development were severely constrained. On the other hand, the money in the homes of the landlords was lying dormant in the cellars. Therefore, Ye Mingsheng made up his mind to introduce private wealth to promote development and construction.

Ye Mingsheng originally planned to let Dadongsheng be responsible for this matter directly, but this move was opposed by Gu Sansi, Zhang Juning and others. They believed that although Ye Mingsheng's idea was good, Dadongsheng Company was the largest company under the Fengwu Army and the key to a series of reforms of the Fengwu Army. It could be said that a single move would affect the entire body.

If any problem occurs with the Dadongsheng Company, the economic reform measures of the Fengwu Army will suffer a severe blow at best, and at worst it may even affect the security and stability of the region, causing the prefectures and counties that have finally stabilized and restored order to become chaotic again!
Therefore, for the sake of safety, the savings business should not be implemented in Dadongsheng Company for the time being, but should be implemented in other companies first. If the effect is good, Dadongsheng Company will introduce the savings business. If the effect is not good, then we will summarize the experience and make long-term plans!
After thinking about everyone's ideas, Ye Mingsheng decided to adopt them. Although this model is very mature in later generations, the times are different after all, so it is prudent not to act too hastily!
Under such circumstances, Ye Mingsheng finally decided to put this pilot task in Hebei and Henan and handed it over to Jiang Yuyan·······················
Although he wanted to give this task to Jiang Yuyan and let her be the first person to try it, seeing Jiang Yuyan's reluctance to nod, Ye Mingsheng felt a little impatient. He felt that although Jiang Yuyan was known for being smart, she was a woman with no courage and little knowledge. He immediately said:
"Jiang Yuyan, I, Ye, will not force you to do anything. If you don't want to, forget it. I won't force you to run this bank. Just do your business at Yuchuntang and continue your jade business!"

After saying this, Ye Mingsheng was about to wave goodbye to see him off. As the saying goes, without Butcher Zhang, can we only eat hairy pigs?
Murong Yuliang reported to him yesterday. He mentioned this idea to the Duan family. The Duan family was very interested in this and was willing to bear the corresponding risks. However, Ye Mingsheng took into consideration that he would have to deal with them in the future and let them run this matter. If he wanted to deal with them, it would be detrimental to the stability of the bank.

That's why I didn't consider them. Now that Jiang Yuyan is so short-sighted, I might as well not bring them along and let someone else do it··························
(End of this chapter)