Hearing Han Qi's words, the chief ministers would not object.
Zeng Gongliang said: "The Jiaoyin Institute is nothing more than the end. The most important thing is that the banknotes can be turned into coins. In the past, the court was short of copper, so someone smelted copper utensils and turned them into coins. The court's repeated orders could not stop it. If salt banknotes can be turned into coins, given time, The power to seize silver and bronze belongs to money.”
Zeng Gongliang said so, it’s a done deal.
Ouyang Xiu added: "But if there is no reference, it cannot be used as money."
After successively persuading Cai Xiang, Han Qi, Zeng Gongliang and other big shots, Zhang Yue felt complacent and used a lot of punches and kicks to get rid of him, but he felt that it was nothing more than that.
But Zeng Gong said loudly: "The matter of the Office of Reference has aroused a lot of discussion in the capital recently. If we report it to the government, we may have to go to the political hall to discuss it, and it will be difficult for the Privy Council..."
As soon as Zhang Yue heard the implication of Zeng Gongliang's words, the Privy Council was now in charge of the new Privy Council envoy Fu Bi.
Han Qi was a reform-minded and enterprising faction in the court, but he had so many concerns about the Exchange. It was difficult for Fu Bi, who was always famous for his conservativeness and prudence, not to mention that a human life was involved.
If Fu Bi refuses to agree, all the efforts will be in vain.
However, the development of things always exceeded Zhang Yue's expectations. The political affairs hall meeting actually agreed to establish a reference office, but it met with collective opposition from the admonishers.
The first was the admonishment officer Gong Dingchen. Lu Jie strongly opposed the establishment of the Jiaoyin Office, saying that the Jiaoyin Office was of no benefit and would harm the people of the capital and ruin their families. The actual contents of Jiaoyinsuo are the same as those found in Guanpu.
However, some officials believe that since the imperial court allows people to adopt gambling-like measures for daily transactions, why can't the exchange be used.
Later, Sima Guang also came forward to speak out and opposed the establishment of a reference office.
After Gong Dingchen and Lu Jie made their remarks, Wang Tao and other officials also went to court and believed that this example was unacceptable. If it was done, it would corrupt people's hearts. At the least, it would lead people to neglect production and only seek opportunistic ways. At worst, it would destroy families, bankrupt, and even harm people's lives.
However, there are also people who support it, and the person who supports it is Xue Xiang, who is now very popular in the court. It can be said that Xue Xiang spared no effort to criticize Lu Jie, while Sima Guang regarded the principle of life as morality.
Xue Xiang made several remarks in succession, and many officials in the court stood on his side.
But for Zhang Yue, he would rather be opposed by Sima Guang, Lu Jie, Wang Tao, etc. than supported by Xue Xiang, who would instead consider it a first-class shame.
As a result, the establishment of the Citation Office could not be rectified in the end, but it was not abolished because of the support of Han Qi and Fu Bi.
Therefore, the CTO is in such an embarrassing situation of being indifferent.
However, even so, a big curtain has been opened. No one can imagine that the exchange, which is currently very inconspicuous, will emit bright light in the future.
The Exchange paid dividends for the first time, and the amount of dividends reached 240,000 yuan.
Of the 240,000 guan, the Shaanxi Yunsi Division received 150,000 guan, the Third Division received 75,000 guan, and the remaining 15,000 guan was distributed as dividends to management personnel.
How to use this large amount of money will definitely be a problem for other yamen.
The higher-ups must be jealous.
To Zhang Yue, who is the salt and iron judge of the Third Division, it is not a problem at all. How to use the dividend amount depends entirely on the unity of the Three Divisions. Originally, the yamen was in charge of government finance and had no reason to manage its own money.
Of course, Zhang Yue understood that if it hadn't been for the 75,000 guan, Cai Xiang, the third minister, would not have agreed to it if he had spoken out.
Throwing out the figures on the books, the exchange originally had 100,000 salt banknotes invested by Shaanxi Yunsi and 230,000 guan invested by Sansi. Now it has increased to more than 200,000 salt banknotes, with a total of gold, silver, money and silk. Nearly three hundred thousand guan.
When the price of banknotes soared, Zhang Yue sold out all the 100,000 salt banknotes he had when the salt banknotes were worth between 20 and 25 guan. When the salt banknotes finally dropped to 7 to 8 guan, he invested another 300,000 salt banknotes.
Logically speaking, when you sell high and buy low, you should make three times your profit.
However, big bankers are not like small investors. When the salt banknotes fell and collapsed, Zhang Yue, in order to suppress the salt banknotes, bought sixteen guans, sold fifteen guans, bought thirteen guans, and then sold twelve guans, as if He borrowed bricks from the air and smashed them out.
Suppressing prices at the expense of one's own losses is also a way for bankers to make deals. Anyway, as long as retail investors' panic reaches its peak and they sell in droves, the bankers can take back all the money at the lowest price.
In addition, there are costs. In order to cope with large-scale transactions, Zhang Yueke invited many experienced people to come to the exchange and reference office to help with gold and silver counting, storage management, etc., as well as the original personnel of the Salt Institute from top to bottom, and the exchange and reference office. He was given a salary that was no less than the original salary.
These are real costs.
When Zhang Yue arrived at the exchange office that day, he saw that the formerly bustling exchange office was now deserted.
This is the sequelae caused by cutting leeks. The trading volume of the Exchange has suddenly slumped from the original 30,000 to 50,000 to 50,000 seats per day, or even the peak of more than 100,000 to 200,000 seats per day, to only 3,000 to 5,000 seats per day, a look like the Great Depression. scene.
But the price of salt banknotes has also been stabilized, hovering between eight and ten coins.
For Zhang Yue, looking at the depressed exchange made him happy.
Zhang Yue tied his horse in front of the Yamen, and the general of the Western Army guarding the exchange station immediately stepped forward to hold Zhang Yue's horse.
Zhang Yue, after dealing with him for so many days, also knew that this person's name was Zhe Jiming, and he was the younger brother of Zhe Jishi, a famous general in the Western Army. When Zhang Yue heard that the other party was a general from the northwest, he couldn't help but be in awe.
It was originally arranged by his father and brother for Zheji Ming to come to the capital to pay a fortune, but he yearned for the life of fighting against the Han in the northwest. That day, Zhang Yue went to the Jiaoyue Office to take back the power of salt banknotes to the Third Division. He was the one who knelt down in front of Zhang Yue.
But now if we want to say who respects Zhang Yue in this Yanyuan, it must be Zhe Jieming.
As soon as Zhang Yue arrived at the exchange station, he stepped forward to lead the horse, and then lay on the ground as a dismounting stool.
Zhang Yue didn't want to humiliate a soldier who fought so hard for the country and refused several times, but Zhe Jiming insisted on doing this. In the words of Zhe Jiming, it was Zhang Yue who saved the exchange office, the salt office of the capital, and even the salt banknotes, and saved the lives of one hundred thousand soldiers of the Western Army. He was too late to act like a cow or a horse. What.
Zhang Yue thought to himself, I am keeping the exchange so that the salt banknotes can be used as credit currency in the world in the future, not just for the Western Army.
He still couldn't resist the kindness of such an upright and straight-forward man, so he still avoided dismounting from the other side, then threw the riding whip to Ori Tsukina and entered the exchange.
The surging crowds inside and outside the exchange office have long ceased.
But Zhang Yue prefers this, as if a woman who usually wears heavy makeup suddenly washes away her beauty, revealing her appearance without makeup.
Large rooms with more than fifty seats each at both ends of the Exchange now have wing rooms. They enter and leave the Exchange through the side door and do not enter or leave together with the retail investors in the hall. In addition to scented towels, tea, soup and drinks, there is a charcoal stove in the winter and a fan in the summer, and the treatment is very considerate.
Large accounts account for 80%, or even more than 80%, of the daily transactions at the Exchange. But the number of large investors is only 10 to 20% of the retail investors outside.
With less than a quarter of an hour left before the opening of the first quarter, Zhang Yuezheng saw Cai Jing staring at the candle chart and thinking. When Cai Jing saw Zhang Yue, he immediately took the tea from the attendant and brought it to Zhang Yue.
Zhang Yue said to Cai Jing: "The accounts have been very good these days. You must have made three thousand guan for the Exchange. It is really rare."
However, Cai Jing said with a look of admiration: "This candle chart is really mysterious and unpredictable! Jing reads it every day and ponders it, and then slowly integrates what the bachelor teaches on a daily basis. Although he still cannot achieve one-tenth of the magic that the bachelor said, But making some money is enough."
Zhang Yue took a sip of tea to hide his inner embarrassment. What do you call this? An old leek actually taught a stock expert. Isn't it ridiculous to say that?
Zhang Yue said: "Yuan Chang, although you and I don't have the title of master and apprentice, we are no different from each other. I have something to ask you. When we buy and sell salt banknotes, we must buy at the highest price or sell at the highest price for every transaction." At the lowest level?"
Cai Jing said: "No, if you are greedy for profit, you will definitely fail."
Zhang Yue nodded and said: "That's right, that's about it. Just like the word profit, since our exchange office wants to distribute dividends, of course profit is indispensable, but we are still a chamber of commerce run by the imperial court. What is the most important thing?"
Cai Jing thought for a while and said: "It is to protect the salt banknotes and prevent the price of salt banknotes from fluctuating."
Zhang Yue said: "That's exactly it. If you measure it by an inch, it will be different; if you measure it by baht, it will pass by a stone. Everyone wants to make every last penny, but the more so, the greater the capital risk. What’s more important than capital and making money?”
"And the court is looking for benefits, and the court is looking for justice, so why should it be important?"
Aren't Zhang Yue's words a first-class encouragement and encouragement for Cai Jing in the future?
Cai Jing listened with rapt attention. At this moment, he saw the Shen family's uncles and nephews entering under the leadership of Luo Jianyuan.
Ana Shen clasped her fists at Zhang Yue and said, "Listening to what Bachelor Zhang said is really worth ten years."
Zhang Yue saw Shen Yan and said with a smile: "Come and sit here, Mr. Shen."
Immediately, Zhang Yue, Luo Jianyuan, Cai Jing, Shen Yan and Shen Chen were left in the room.
Zhang Yue said to Cai Jing and Supervisor Luo: "The uncles and nephews of the Shen family have invested 30,000 shares, paid 30,000 seats, and paid 300,000 yuan. I have already agreed to this matter."
Cai Jing and Luo Supervisor were all shocked when they heard this. What is the relationship between Shen Yan, Shen Chen and Zhang Yue? How dare they be so bold?
Because there was no precedent for a joint-stock company at this time, Shen Yan, Shen Chen, and uncle Chen's shares were based on Zhang Yue's words. There was no contract signed, so there was no legal binding at all.
The imperial court became shameless and even swallowed their money.
The two of them dare to do this, either they absolutely trust Zhang Yue, or they have a bigger backer.
Zhang Yue said: "To be honest, all the princes in the court are not in favor of setting up this reference office. I don't know why the wise uncle and nephew insist on taking this risk, but since Zhang is in office, he will not wrong the Shen family."
The uncle and nephew of the Shen family said, "Whatever Bachelor Zhang says is whatever it is. We uncles and nephews will never say anything else!"
Cai Jing looked at it and was secretly surprised. This uncle and nephew were not simple. Could it be that they also saw that Zhang Xueshi was an extraordinary talent like him, so they bet on him?
Zhang Yue said: "Since everyone has entrusted me, I will make a charter here. Now there are five shareholders of the Exchange, namely Sansi, Shaanxi Yunsi, Du Salt Institute, Shen family, and the people who manage the office. ."
"So I plan to set up a board of directors to manage the firm. Each shareholder will appoint a director according to their share, and then set up a chairman to coordinate the overall situation. The chairman will be jointly elected by the directors, but the three companies have the right to veto the appointment of the chairman! "
