In the Yin'an Hall of the Princess's Mansion.

"Offering shares?" The princess had a slight objection when she heard this, "It's not that mother can't come up with the money, but she doesn't have enough cash on hand. She can get the money together by borrowing it later."

It was a business that was 100% sure to make a lot of money, and she really couldn't bear to give the shares to others.

"..." Zhao Hao thought to himself, yes, the businesses that really make big money are not listed.

In fact, even Zhao Hao himself can come up with this money.

He originally had more than 70,000 taels of silver left in his hand, and this time when his grandfather came to Beijing, he brought him a bill for 80,000 taels of silver.

That was the 50,000 taels of silver that Jiang Xueying paid him as a buyout fee in accordance with the sugar agreement, plus an additional 30,000 taels of silver as sales commission.

Zhao Hao gave the recipe at the end of October last year, and Miss Jiang started production and distribution in November, and started selling in December. So the thirty thousand taels was exactly one quarter's income.

Well, ten thousand taels a month, three hundred and thirty-three taels a day, and I’m one percent closer to my small goal of increasing my income every day.

Besides, there is also grandma's Wu Ji. It should be possible to ask her to split up one or two hundred thousand taels of silver, right?

Of course you can. Is it for nothing to call me grandma so many times?

~~

But Mr. Zhao doesn't do business to make money.

He issued stocks not to make money, but to tie as many people as possible to the chariot of Xishan Coal Industry.

Zhao Hao smiled and said to the princess:

"Mom, do you know why I want to set up a shareholding system?"

"Why?"

In fact, the eldest princess has never really agreed with this so-called "shareholding system", but she has been managing the royal property for many years and has long figured out a management method of "fully empowering professionals and only supervising without blindly giving orders."

"It's to avoid someone getting jealous in the future." Zhao Hao's words hit the eldest princess's heart and left her with eternal pain.

"Hmm..." The princess immediately leaned forward, leaning her elbows on the vermilion crescent armrests, and looked at Zhao Hao with sparkling eyes: "Really?"

To be honest, this incident with Concubine Li made her a little discouraged, otherwise she would not have withdrawn so decisively.

He had worked hard to maintain and run the royal store for many years, but he had to give it up just because a woman who could give birth and raise children wanted it.

If you give in too late or incompletely, you're worried that people will be unhappy.

Even this time, the emperor brother said that he didn't want a penny of shares. She believed that the emperor brother would keep his word, but what about the emperor brother a hundred years later?

What will happen if that woman's family manages the imperial property in a mess and becomes jealous of Xishan Coal Industry?

At that time, wouldn't they have to give up the land just because the new emperor said so?

This made the eldest princess feel extremely unhappy, and she often secretly hated him so much that she wanted to bite someone.

~~

"Really?" Zhao Hao said calmly, "Another advantage of the stock system is that it changes business from private to public. Private business is not safe no matter how big it is, but as long as a stock company is large enough, has a large enough number of shareholders, and is powerful enough, no one can take it away. If you want shares, you can only buy them honestly!"

He didn't point to anyone specifically, but the princess understood that Zhao Hao was referring to the emperor.

Ning An's heart couldn't help but pounding. She bit her lips tightly and pondered for a while before whispering:

"You said that shares represent voting rights. So as long as we hold an absolute majority of shares, won't the company still belong to us?"

"Mom is really a genius. This is how you control the company through shares." Zhao Hao nodded approvingly and said, "But the company has 100,000 shares, and it is very likely to become 1 million in the future. This gives major shareholders a variety of self-protection methods such as dispersed shareholding and cross-shareholding. By then, you may directly hold less than 1% of the company's shares, but you can still control more than half of the shares. And the shares you control may not belong to you completely, or even not directly belong to you at all..."

"Through the shareholding system, I can make everyone agree that the company is mine even if I own only a small amount of shares; or I can make everyone believe that the company is not mine even if I control the majority of shares." He spread his hands and said in a mocking tone:

"I really hope that someone will snatch it away in the future."

Both Lady Liu and Eunuch Ji listened carefully because they were also eligible to subscribe.

But after listening to it, I just felt dizzy and didn't understand it. I thought it was such a complicated thing, it would be difficult to understand it, and it must be difficult to steal it.

The princess closed her eyes for a while, then said with a look of realization:

"I see, this method is indeed a good one. As long as there are many shareholders, there is no need to worry about being bullied!"

"But this is a new thing. If we don't let our shareholders make a fortune, how can more people be vying to become our shareholders? How can they protect our company at all costs?" Zhao Hao nodded with relief, thinking that his mother was worthy of being a strong woman who had run the imperial farm for many years and understood it so quickly.

Then he changed the subject and said, "But what mother said is not wrong. In fact, our need to raise funds is not urgent right now, so there is no need to issue all the stocks. It is better to issue 5,000 copies first to advertise it, and then increase the scale of issuance after the stock price goes up."

"Okay, let's start with 5,000 copies." The princess nodded happily, and then took charge and said, "With this amount, we don't even need any servants. Mother can distribute it all by herself."

"Mom is the best!" Zhao Hao quickly offered his flattery for the day.

It goes without saying that the potential customers who can be marketed to by the princess are all wives of high-ranking officials and nobles. They are the best potential investors!

So Zhao Hao carefully explained to the princess the precautions for selling stocks, and asked Eunuch Ji to remember the entire process of registration, transfer and transfer of funds. He then said goodbye and left after lunch.

"No, no, I have to take a nap." After seeing Zhao Hao off, the princess stretched and said with a tired face:

"I've been listening to the heavenly book for the whole morning, and my head is buzzing."

"Huh?" Lady Liu opened her mouth wide. "So Your Highness didn't understand it either?"

"Yes." The eldest princess nodded and said without disguising, "I'm just pretending to know when I don't."

"ah?"

"We are a family after all, Hao'er won't lie to me." The eldest princess covered her mouth with the back of her hand and said with a giggle, "It's more important to make him feel that mother is powerful."

"Oh..." Liu Shanggong nodded, thinking to herself, isn't this just bluffing?

~~

In the spring of the second year of Longqing, my teacher first proposed a company called "Royal Xishan Coal Industry" with 100,000 shares. The certificate of shareholding was called "stock", which was similar to a ticket and printed on mulberry paper with four-color ink.

The number of shares is written in a prominent place on the front, and there is also a message saying "The company's authorized stock is 100,000 shares, each worth 10 taels of official silver. All shareholders can go to the Dashilan Royal Xishan Coal Company on the eighth day of the twelfth lunar month every year to collect dividends, but no interest will be paid. This is hereby declared."

There are also the words "share benefits, share risks" on the back, which are very eye-catching.

This is the origin of the company. A company is a joint venture between several financially powerful people. When they go out, they work together, and when they return, they share the capital equally. The company is large and interconnected.

My teacher once said, "Learning is for the purpose of applying it to the world." This is an example of this.

My teacher also said: "What can really change the Ming Dynasty is not the flintlock rifle or the steam engine, but the joint-stock company."

It can be seen that social sciences are the most powerful sciences and there is no room for refutation.

Disciple Jin Xuezeng respectfully recorded this. '.

Excerpt from "Science Teaching Records* Social Sciences* Chapter 3* Company Establishment"

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