The turmoil in the money houses had a great impact on the capital.

Zhu Ying and Zhu Yuanzhang were also very concerned about this news.

There is no such thing as online observation these days. If you want to keep abreast of the latest developments, you naturally have to ask someone.

As Zhu Yuanzhang's eyes and ears, the Jinyiwei naturally did this job.

In just the morning, Jiang Lin had already run back and forth more than ten times.

Naturally, he did not need to leave the palace, but he had to go outside the Qianqing Palace to receive information from his subordinates, and then summarize it and report it to His Majesty and the Crown Prince.

After listening to Jiang Li's latest report, Zhu Yuanzhang smiled and said to Zhu Ying: "It seems that it is right not to decide directly. Judging from the situation, at least many people have withdrawn their money from other banks."

"This is a good thing. We don't want the people to suffer too much."

"I guess many ministers will stand up and speak out about this matter at tomorrow's morning court session."

This little disturbance caused a big stir for the common people, but in the eyes of Zhu Yuanzhang, it was naturally nothing.

However, judging from the current situation, if the deal is made directly, a major accident will inevitably occur, so it is a good idea to leak some information in advance.

Zhu Ying also laughed and said, "I guess many people will ask for such rumors to be curbed, and even clarified in the court bulletin."

Zhu Yuanzhang raised his eyebrows and said, "These good-for-nothings want to interfere with my official newspaper. Do they really think I am too old to lift a knife?"

"I have asked you to find out. The salaries of officials are all paid by our Royal Bank. After these officials receive their salaries, they take the banknotes out of the Royal Bank and deposit them in other banks."

"Damn it, you keep talking about serving the country and the people, but now you don't say that just to make a little extra money. Do you really think I don't know anything?"

"Although we cannot ban private banks immediately, we can issue an edict to order all officials to deposit their money in our royal bank. What do you think, grandson?"

Zhu Ying thought about it and shook his head, saying, "This will alert the enemy a bit. In fact, it doesn't make much sense. Even if they don't take the money from the bank in the capital, they can take it from other places."

Zhu Yuanzhang also knew this situation.

When it comes to interests, these corrupt officials are particularly smart and do things much better than doing their regular jobs.

Wouldn't it be better to focus on serving the country and the people instead of just staring at the little profits in front of you every day?

But then again, Zhu Yuanzhang didn't have much of a feeling about money shops before.

Ever since the Royal Bank was established, no one has paid too much attention to it.

In his mind, a money shop is just a place to store money, making it more convenient for the people or merchants to trade without having to carry a stack of banknotes around, which is unsafe.

However, in the past few days, because his eldest grandson proposed to ban private money houses, Zhu Yuanzhang became more concerned and asked Jiang Lin to summon the manager of a royal money house in the capital to the palace to inquire about the business situation of the money house.

After hearing this, Zhu Yuanzhang's eyes almost glowed green.

Damn it, is this how money houses make money?

For fixed deposits, the money house will pay interest, of course it won’t be a lot, but money also makes money.

Generally speaking, fixed deposits start from three years. For example, if you have 10,000 Baochao, you can get an extra 900 Baochao after three years.

This is equivalent to an annual interest rate of three percent.

The interest rate is actually very low. For example, private banks charge 4%, 5%, or even 8% or 9%, which is generally higher than that of royal banks.

When he heard this, Zhu Yuanzhang was still a little worried.

If everyone deposited a fixed amount of money in a money house, wouldn't they have to pay a lot of interest every year?

Not to mention other places, the money house that the shopkeeper who was summoned to the palace is in charge of has tens of millions of fixed deposits. Doesn't that mean that the money house has to pay hundreds of thousands of interests every year?

There were probably hundreds of royal banks, and even if you didn't ask about them specifically, you would have a general idea about them.

Even though other money houses naturally don't have as many deposit certificates as the capital, when added up, it is definitely not a small amount, and they must pay out millions of dollars in interest a year.

Zhu Yuanzhang felt like he was in a bad state.

If Da Sun does this, the money house will lose money.

The shopkeeper was also a smart man, able to read people's expressions.

When it comes to interest, it is obvious that His Majesty's pressure seems to be much greater.

So he hurriedly explained the money house's profit projects.

The first is the handling fee.

There is no handling fee for depositing money, but there is a handling fee for withdrawing money.

However, if you deposit and withdraw money at the same bank, you can waive the handling fee.

Conventional money withdrawals across banks within the same city are based on one thousand strings of cash.

If it is across the city, within the same prefecture, it will be one thousand strings of cash.

If you withdraw money from different provinces, you will need one hundred strings of cash.

It is not convenient to withdraw money across provinces now. If a businessman wants to withdraw money across provinces, he must first go to the bank where he deposits the money to get a receipt.

There are two types of vouchers.

One is a fixed amount.

In other words, this note represents how much treasure notes there are, and they can be withdrawn at the designated bank.

Another option is the total amount of deposits.

With this slip, you can go to the designated bank to withdraw all your deposits.

It may sound troublesome, but the advantage is that the voucher is more secure and can be replaced even if it is lost.

If you encounter any robbery or something like that on the road, just tear up the receipt.

Currently, vouchers only support fixed-point transfer.

For example, a businessman in a royal bank in the capital wants to transfer money to Guangdong Province.

The voucher that is opened will indicate in advance that the money can be withdrawn from a certain mansion, a certain neighborhood, or a certain bank.

If you lose your voucher, you can take your household registration information to the money shop there to get a replacement.

However, this requires paying a fee, asking for a written explanation of the situation, and then going to the bank where you previously deposited the money to send a receipt.

Although you need to wait for a few days, your money will not be lost, so it is safer.

This is also where money houses make money.

The second is the lending rate.

Fixed deposits are three cents per year, while loans are two cents per month.

If there is high-quality collateral, the Royal Bank can lend as little as one cent per month.

This situation is a huge blow to those gang members who lend money at high interest rates.

Because in the absence of any legal regulations on lending, people can basically lend as much as they can.

It is almost normal to earn interest of 90% out of 13.

From a side perspective, it can also be regarded as a rectification of the environment of the Ming Dynasty.

Especially for private businessmen who have opened factories now, with the support of policies, it is easier for them to borrow low-interest treasure notes.

This has enabled the current Ming Dynasty to develop extremely rapidly in industry.

"That means our money shop has actually been making money all the time and not losing money?" Zhu Yuanzhang asked the owner of the money shop after hearing this.

The banker immediately replied, "Of course, the bank cannot lose money, especially after His Royal Highness asked for the mortgage, the Royal Bank will make more money."

Zhu Yuanzhang obviously didn't know some of the specific operations here, so he asked: "Mortgage? What is that?"

The shopkeeper had no choice but to explain in detail.

Whether in the capital or other provincial capitals, housing is a major topic.

With the economic development of the Ming Dynasty, led by the capital, the population of provincial capitals was also rising rapidly.

Buying a house is obviously a very stressful thing no matter what era it is.

So now I have a mortgage.

You only need to pay 30% of the house price first, and then mortgage the title deed to the Royal Bank. The remaining money can be paid to the bank in installments over several years or even dozens of years.

Naturally there will be some handling fees involved.

In fact, other money houses have similar projects for mortgage loans for house deeds and land deeds.

The difference is that one needs to buy the house first and obtain the title deed and the land title before one can mortgage it.

At the Royal Bank, the house is directly mortgaged when it is purchased.

Furthermore, other money houses simply dare not undertake such a time span of several years or even dozens of years. Moreover, even if the interest is not nine out of ten, it is still very high. No one would be so conscientious as the Royal Bank.

It can be said that this mortgage business is all handled by the Royal Bank, and it is also the main business of the Royal Bank.

The more Zhu Yuanzhang understood the specific situation of the money houses, the more he understood the impact of banning private enterprises.

A money house involves too many people.

If only a few or a dozen companies had problems, it would certainly not be a big deal for the overall economy of the Ming Dynasty.

But if we just put up a prohibition notice, it would turn the whole thing into a mess.

Zhu Yuanzhang was somewhat confused before taking action.

"Grandson, if this really happens, how will we deal with it in the end? We can't just ignore the lives of the people." Zhu Yuanzhang asked with some concern.

This is even more difficult than dealing with corrupt officials.

In the case of Guo Heng, the amount of embezzlement was only about 20 to 4 million yuan, which was already a shocking case.

At the beginning, Zhu Yuanzhang used the Guo Heng case to recover the stolen grain, which evolved into a nationwide revolution. All the wealthy people went bankrupt because of it, and the total amount was only this much.

Even without a detailed calculation, it is estimated that the current affairs of this bank amount to at least tens of billions of banknotes.

More than a billion.

What a shock this would cause.

In fact, Zhu Yuanzhang underestimated the wealth of the people.

A few billion is not enough. I estimate it to be at least tens of billions.

You should know that in private money houses, there are not only banknotes, but also a large amount of gold, silver, and even a series of valuable things such as antique calligraphy and paintings.

Zhu Ying, on the other hand, had obviously already thought of a countermeasure.

"There's no need to worry too much. Just leaving it alone won't work. If we really want to take action, all these banks will naturally be merged into the Royal Bank."

"For the common people, the conflict is not that big. It's just that the bank has changed its owner, and then the interest rate will be adjusted to be the same as that of the Royal Bank."

"I guess there will be some underground money houses that illegally give high interest rates to hoard money. It will be much easier to do this then."

"Although the people may complain, the merchants who borrowed money from the banks at high interest rates will be grateful to us. After all, the interest they need to pay will also be reduced."

The seemingly dead end situation was not a big deal for Zhu Ying.

If we take action from this perspective, the only ones who will be affected are the families behind the private banks, which is far from a situation that will cause public outrage.

Whether it is the current turmoil in the capital or future turmoil in other countries, many people feel that their money will simply disappear, which is why they are becoming increasingly nervous.

Since Zhu Ying wanted to get his hands on the money shop business, he had of course already prepared a strategy to cover his losses.

After hearing this, Zhu Yuanzhang's eyes suddenly lit up.

"Good idea, it's really a good idea, why didn't we think of this?"

It was not just Zhu Yuanzhang who did not expect this method to break the impasse. Even the bosses behind the various money houses had not thought of this method to break the impasse.

This simple method is actually the essence concentrated by later generations.

After all, few people can understand commercial economics and the germination of capital.

This is a gap between the times and has nothing to do with intelligence.

Originally, the status and position of merchants were limited, whether in the Ming Dynasty or in previous dynasties.

Scholars and smart people with wealth do not read books about business, but books about passing imperial examinations.

No matter how high your IQ is, you still need to learn. There is no such thing as someone who is born with knowledge.

When it comes to finance, 99% of educated people in later generations don’t understand what it is, let alone today.

After knowing how to deal with the situation, Zhu Yuanzhang felt relieved.

Although Zhu Yuanzhang seemed a little careless these days, he was actually still somewhat worried. Even little Wencheng was absent-minded from time to time, for fear of causing a major commotion and ruining the current favorable situation.

Sure enough, no matter what time it is, I can always trust my grandson.

…

The outskirts of the capital.

It sounds a bit desolate.

In fact, due to the continuous increase in the population of the capital, the so-called outer suburbs has actually become a bustling market.

Somewhere in a compound.

Nearly twenty big money shop managers have already gathered here.

There are naturally more than twenty money houses in the capital, but these twenty or so are the largest ones. The smaller ones are not qualified to participate in today's money house meeting.

The reason they gathered here, of course, was because of the recent turmoil in the capital.

There was no smile on any of their faces. Most of them had frowned brows and looked worried.

The pressure is just too great.

Not every money house has as strong financial reserves as Sihai Money House, and everyone knows how important reputation is to a money house.

The bank will only close its doors when there is no other way or when there is not enough money in the bank.

Closing the bank is not an escape, it is just telling depositors that there is not enough money and they are trying to collect money from other places.

Of course, the way they mobilized the treasure notes was basically through the royal banks.

This also increased the business of the Royal Bank.

Cross-regional deposits and withdrawals are charged on a proportional basis. If it is 10 million, the Royal Bank can earn 20,000, which is no different from picking up money for free.

All that is needed is the cost of a trip to the post station.

As a government-run post station, the cost is almost negligible at this scale.

The money houses in the capital have seen a turnover of over 100 million in just the past few days, which has brought the royal banks hundreds of thousands in profits.

Of course, some large money houses can also do business on their own and have their guards bring the banknotes directly, thus saving this expense.

Today, the meeting of these big money shop managers is to unite as one and collectively resist the official regulations that the court may have a way to deal with.