Tianliangyuan

Chapter 363 Let's figure it out slowly

Xu Zhaozhao hadn't expected that she and her mother had come because of this matter.

After sending the person away, Xu Zhaozhao gave her a look, and Shaoyao came over.

"Have someone go and inquire thoroughly with Madam Song; there must be something else going on here."

"Yes, master."

"Granny Lin!"

"The servant is here."

"Go to our storeroom and choose a congratulatory gift in a little while. Since the Duke has allowed Madam Song to return to attend the ceremony, and now that I know about it, our young master should also show his appreciation. Arrange for someone to deliver the gift a day in advance."

"Yes, Your Highness's wife."

Xu Zhaozhao was willing to send a congratulatory gift, not because of Xiao Songshi, but because of the elders of the Song family.

If she wasn't mistaken, the Song family would also have to give something in return. In that case, she would send a gift in the name of the young master, but the gift shouldn't be too expensive; just the gesture would suffice.

Lin Mama understood Xu Zhaozhao's meaning, so she only selected two bolts of silk, which were left over from the year before last.

Upon learning this, Xu Zhaozhao praised Granny Lin for being capable and a clever person.

When Song Qing learned of Xu Zhaozhao's handling of the matter, he simply smiled and thought, "This young mistress is quite interesting."

Most of the direct descendants of the Song family are no longer in the capital. With the passing of the Song family patriarch, Xie Zheng's uncles and cousins ​​have all returned to observe the mourning period.

Of course, the cousins ​​only needed a year, but the Song family valued filial piety. Even if some of these cousins ​​were reinstated, they all stayed in places not far from their hometown, just so they could go back every month to kowtow and offer incense to the old man.

His Majesty naturally approved of the Song family's actions.

That's why Xu Zhaozhao has never formally met the Song family.

The fact that Xu Zhaozhao had not formally paid her respects does not mean that she did not know the Song family.

After this incident, Xie Juan felt even more awe for her sister-in-law. Although she wasn't much older than her, her words and actions were incredibly authoritative.

Xu Zhaozhao had no idea that her casual remarks would frighten Xie Juan.

For the next few days, Xie Juan didn't come to Jinxiu Garden to check the accounts. It was only after Lin Mama spoke a few words to the Seventh Miss that Xie Juan's mind was no longer preoccupied with these matters.

The opening of Daxing Bank dealt a blow to private counter shops to some extent.

At the same time, the imperial court intensified its crackdown on gambling and stipulated that anyone who violated the law by gambling, regardless of who they were, could not redeem themselves from punishment.

This is like a stranglehold on the throats of those spoiled brats.

Moreover, the imperial court issued a clear regulation prohibiting officials from gambling.

Even minor officials outside the official ranks are forbidden from gambling; otherwise, they will be dismissed!

This demonstrates the extent of the imperial court's determination to ban gambling.

The biggest source of profit for private moneylenders is lending money through gambling.

Now that the government's Daxing Bank offers lower lending rates, legitimate merchants will naturally prioritize government-run banks.

The imperial court vigorously prohibited gambling, so the source of profit for private gambling dens was restricted, naturally resulting in meager profits or even losses.

As far as Xu Zhaozhao knew, more than ten private money shops in the capital had already closed down. People who had exchanged their flying coins at these shops were now rushing to exchange them for silver and silk before depositing them into Daxing Bank.

Because private money exchange shops exchange cash without interest, and you even have to give the shops some benefits.

Daxing Bank, however, was different.

Not only do they not ask for any benefits, but they also give me interest. I've never seen anything like this before!

Xu Zhaozhao has opened accounts at Daxing Bank for more than ten businesses, including two accounts in Lantian County.

All of these are business-to-business transactions.

This was the result of Gu Dongyang gathering the officials of the Ministry of Revenue together to brainstorm ideas.

Shops can deposit money directly into the bank in the name of the shop. However, since the deposit is made by the shop, two seals are required to withdraw the money.

This is safer and can also prevent servants from embezzling the owner's money.

Xu Zhaozhao was the first to order people to open such accounts.

As a result, many people in Beijing began to follow suit.

For example, the current manager of Baiguoyuan is Xu Degui. Baiguoyuan is registered with the government. Therefore, after Baiguoyuan opens an account at Daxing Bank, both deposits and withdrawals require Xu Degui's personal seal and Baiguoyuan's seal to be completed.

As for the seal of this Hundred Fruit Garden, it is now on Xu Chuan's person.

Xu Zhaozhao gave orders to Baiguoyuan to deposit silver three times a month, not too frequently, and at irregular times.

If someone comes to buy alcohol, those who have opened an account at Daxing Bank will be given priority, so that the money can be transferred directly, saving the time of counting the money.

Xu Zhaozhao's actions also boosted the popularity of Daxing Bank.

Moreover, after many visits, many merchants have witnessed the convenience of Daxing Bank.

Imagine you want to buy a batch of goods, but you have to carry several boxes of copper coins back and forth. It's really troublesome. You also have to bring several servants with you and prevent them from being robbed.

But wouldn't it be much more convenient if you only needed to carry the cash issued by Daxing Bank?

I've heard that some people can open their own accounts directly at Daxing Bank, which makes depositing and withdrawing money much more convenient.

Of course, I've heard that this is a privilege enjoyed only by a few large clients.

In conclusion, Daxing Bank is quite good now, but it is not mature enough and needs to be gradually improved in practice.

Xu Zhaozhao was the first person to support Daxing Bank, so both the Ministry of Revenue and His Majesty would give her credit for her efforts.

The one million yuan that Xu Zhaozhao lent out has now all been invested in Lantian County.

When His Majesty allocated this land to her, wasn't it because he wanted her to take charge of it?

Perfect timing! A jade mine has been discovered. With this million coins, plus the manpower and tools needed for mining, there's no worry about running out of money.

In fact, Xu Chuan didn't understand why the county magistrate, who clearly had money, would need to borrow from Daxing Bank.

And if you're going to take out a loan, why did you borrow a million guan all at once?

Xu Chuan arrived with two accountants and two boxes of account books.

After verifying that everything was correct, Xu Chuan finally voiced his doubts.

“This million strings of cash is no small sum. By supporting Daxing Bank, I am supporting Minister Gu and the imperial court. It will also make things easier for the Xu and Xie families in the future. Besides, everyone thinks I have a lot of money, but I don’t actually have that much money deposited in Daxing Bank. I have to make people believe that I don’t actually have a mountain of gold.”

Xu Zhaozhao's borrowing from Daxing Bank was actually a way of telling some people that her business was large and extensive, but that she didn't actually have that much liquid cash on hand.

This can also be seen as an attempt to lower the guard of some people.

Of course, the most important reason is to show his loyalty to His Majesty and the court!