Iron Dynasty Novel Chapter 497

“Your Highness is making fun of . As Your Highness said, indeed, learning has no end.”

In the bank, Pang Yukun repeatedly waved his hand, looking ashad.

“Chief Minister Pang, there’s no need to bla yourself. Ultimately, this was also my mistake. I should have told you these things in advance. How about this, when I return, I will compile the key points of bank operations into a book,” Xiao Ming said.

Not to ntion in the Great Yu Empire, even in Europe, the banking industry was just starting. However, for , I could quickly catch up because I possessed comprehensive knowledge of the financial industry.

Li Kaiyuan added, “Your Highness, besides the specific banking services, the governnt office should also promote this matter to the common people. After all, most of the common people do not know about this. At the sa ti, in order to compete with the Cao family’s money house for rchants, I believe that the location for rchants to pay taxes can be set in the banks of various prefectures. In this way, carrying the permit issued by the Chamber of Comrce to the bank to pay silver, the rchants will take the banks of various prefectures seriously.”

This was exactly what Xiao Ming was planning next. He gave Li Kaiyuan a thumbs up. This guy was very flexible.

He said, “The matter of rchants will be left to you. The matter of promotion will be left to

and Chief Minister Pang. I will be responsible for the newspaper’s promotion of Qingzhou Bank, and Chief Minister Pang will arrange for officials from various prefectures to be responsible for promoting the bank in various counties. This matter cannot be delayed, because I am still counting on the bank to stimulate the common people to open workshops.”

“Yes, Your Highness,” Pang Yukun said.

Having settled this matter, the three returned to handle their respective duties. Xiao Ming went directly to the newspaper office, instructing Fan Zeng to publish articles explaining what a bank is, its function, and how to conduct deposits and withdrawals at the bank. He also asked Fan Zeng to have reporters emphasize this matter.

After settling the draft with Fan Zeng at the newspaper office, Fan Zeng printed the newspaper overnight, and the next day, the newspaper began to circulate throughout the enfeoffed state.

“Bank? Isn’t that the Qingzhou Bank in the East Market?” Three rchants gathered around, looking at the newspaper, and one of them said.

“No, I rember every prefecture has one,” another rchant said.

“Where the bank is isn’t the point. The key is that depositing silver in this bank can earn interest,” said the rchant holding the newspaper. “And you can also borrow silver from the bank, which is much more affordable than the Cao family’s money house.”

“It’s affordable, but what if the governnt office defaults on the debt? We can’t do anything to the governnt office. If the Cao family owes money, we can at least make a fuss.”

“That’s not right. This is a draft personally written by His Highness. Should we not trust His Highness, but trust the Cao family instead?”

“True, but the Cao family will probably have a hard ti. With this bank, what do we need their money house for?”

“…”

At Cao family’s money house, Cao Zhengyang’s face was extrely ugly. Ever since he lived in Qingzhou, reading the Qingzhou newspaper every day had been his habit, but the news published in the newspaper today was undoubtedly a rude awakening for him.

Xiao Ming had discussed the matter of Qingzhou Bank with him before, and at that ti, Xiao Ming clearly stated that the two would not interfere with each other, which was an agreent reached through an exchange of interests.

Despite this, he had always been very fearful of the official opening of Qingzhou Bank, because it ant that Cao family’s money house would no longer be the only place rchants could go in Qingzhou.

Once this happened, the Cao family’s standing in the rchants’ minds would decrease, and the Cao family’s status in Qingzhou would also decrease.

Over the years, the Cao family had deep contacts with the Dutch. He knew that the Dutch banking industry was controlled by big rchants, and precisely because of this, these rchant families were highly respected in the Netherlands, because the money of the state and the common people were all in the banks.

Inspired by this, the Cao family diligently built the Cao family’s money house, and over the years, they had indeed benefited greatly from it. Many people thought that the Cao family only earned a lot of silver from the sea, but they did not know that they also accumulated a large amount of wealth through the money house.

The Cao family’s emblem was a ship with the pattern of the Cao family’s money house.

“Second Young Master, should we send this news back?” The manager of the money house also read the newspaper, and was equally worried at this ti.

Cao Zhengyang sighed, “Of course we have to send it back. We underestimated Prince Qi. Mariti trade, banking, the two carriages that the Cao family started with are firmly in his hands. He is different from any other powerful noble in the Great Yu Empire. It seems we need to be more low-key.”

“Are we just going to watch Qingzhou Bank crush the Cao family’s money house?” The manager was a little unwilling.

In other parts of the Great Yu Empire, any official would have to give the Cao family’s money house so face, but here, he felt uneasy.

“Of course not. Since His Highness said fair competition, we don’t have to worry. You send soone back imdiately to ask for instructions. I think these services of Qingzhou Bank are also suitable for our money house. Why not implent them in the future as well?”

“Yes, Second Young Master.” The manager nodded and turned to leave.

Watching the manager leave, Cao Zhengyang frowned. The title “Second Young Master” made him a bit annoyed. No matter what, he was still a concubine’s son of the Cao family.

Even if he worried himself sick, this Cao family’s money house would still belong to his elder brother in the future, and had nothing to do with him.

‘From beginning to end, I am just a servant,’ Cao Zhengyang thought sowhat painfully. Last ti his elder brother arrived in Qingzhou, he imdiately beca an dispensable figure, which made him very frustrated during that period.

‘Why can’t I start anew? If I just pledge allegiance to His Highness, perhaps I can gain an advantage by being close.’ While he was troubled, a terrible thought sounded in his mind. He was so frightened that he imdiately shook the thought out of his head.

However, this thought stuck in his mind like glue, lingering persistently.

While Cao Zhengyang was struggling, the newspaper, following the footsteps of the reporters, also reached the villages outside Qingzhou City.

Under the thorough explanation of the reporters, the common people gradually understood what a bank was.

“Zhu Wuliu, was that how you borrowed money from the governnt office last ti?”

In Zhu family village, after the reporter’s explanation, the common people imdiately looked at Zhu Wuliu, who was cracking lon seeds. Updates are released by nove??fire

Zhu Wuliu was quite impressive in the village now. The matter of contracting the Qingzhou city roads last ti had increased his prestige in the village by a lot. He spit out a lon seed and said, “Is that even a question? When has His Highness ever cheated us? I didn’t know the bank was open, otherwise I would have deposited three hundred taels of silver long ago.”

“Three hundred taels!” The surrounding villagers gasped. They all knew that Zhu Wuliu had earned a lot of silver last ti, but they didn’t expect it to be that much.

The young people who followed Zhu Wuliu to work in Qingzhou city said, “Wuliu, if you go, we’ll go too. If there’s work next ti, His Highness will think of us, won’t he?”

“Hehe, you guys are getting smarter. Tomorrow, let’s go support His Highness,” Zhu Sansi laughed loudly.