Chapter 26 Business (Part 1)
When Deng Ming led his troops to Wuchang, the main force of the Ming army was still on the way, and the forward Ren Tang who entered Jiangxi, Zhou Kaihuang had just set off to catch up with the large army.
When Ren Tang and Zhou Kaihuang brought the newly established female camp to Wuchang, he found that Deng Ming was worried about the transaction. He had just summoned the warehouse guards who stayed in Wuchang and Hanyang, and eventually discovered the IOU coupon problem of Industrial Bank.
"Are you Chengdu Industrial Bank? You are obviously 'destroying Chengdu Industrial Bank'!" Deng Ming asked Yu Youming to hand over the purchase order of the Industrial Bank. The latter's foundation was unstable and he dared not hide it from Deng Ming, so he honestly took out the account book. After seeing that the bank bought all the industrial products, Deng Ming was shocked and angry. The industrial products in Wuhan were huge and cheap, and at least when Deng Ming left, the blacksmith shops in Chengdu were basically self-employed. They had just begun to evolve towards large-scale handicraft workshops. The large-scale input of Huguang tools would undoubtedly cause serious losses to the Chengdu blacksmith industry.
"But the admiral, after having these agricultural tools, agriculture developed." Yu Youming hurriedly defended.
"Yes, I know, but high taxes must be imposed to ensure that the input tools are not lower than the price of goods produced by the Dufu itself." Deng Ming also knew that this would be the ingredients of exploiting Chengdu farmers, but the meat was rotten in the pot. As long as the money was earned by the locals in Chengdu, it would not matter: "Without profit, the blacksmith shop will go bankrupt. Even if it is not bankrupt, they will not be able to hire more people to expand production, and they will not have money to train workers. Farming is important, but can we grow armor, muskets and cannons alone?"
Deng Ming originally wanted to tempt Wuchang people to run workshops in Chengdu by relying on IOUs, even if they spontaneously immigrated to Chengdu to reclaim land. Now Yu Youming's behavior has caused all Deng Ming's plans to be ruined. In anger, Deng Ming called Pu Fan and scolded him: "Aren't you the deputy director of the Taxation Bureau? Don't you remember that I had to give high taxes on the tools you entered?"
Park Fan is not unremembering, but the Taxation Bureau has an interest relationship with Yu Youming's bank. In the past few months, Park Fan has also taken some benefits from Wuchang and made a fortune. Of course, Park Fan will never admit it to Deng Ming. He argued that the Industrial Bank opened some workshops in Chengdu, so in theory, Yu Youming purchased not tools, but tool parts; and what was sold in Chengdu was not tools from Huguang, but tools assembled in Chengdu and produced locally, thus avoiding Deng Ming's tax permit.
"You have even figured out this trick by yourself. I really underestimated you!" Deng Ming was even more angry, but after thinking about it carefully, it seemed that there were indeed loopholes in the formulation of his original regulations.
The only thing that made Deng Ming happy was that the salt merchants withstood the pressure from the Industrial Bank and the Taxation Bureau. Currently, the five major salt merchants in Chengdu implement the rotating system, and the person responsible for managing the accounts in Wuchang is Lu Huan.
Lu Huan reported to Deng Ming that the average Sichuan salt transported to Wuchang every day has reached 40,000 kilograms, which basically meets the needs of Huguang. Deng Ming's downstream battle has caused Huai salt to fall. Chengdu salt merchants are full of confidence in the prospects and have spontaneously paid for exploration in Xuzhou, preparing to open some more salt fields there.
The salt merchants had a good relationship with Liu Jinge. After seeing Deng Ming, Lu Huan tried his best to distinguish between Liu Prime Minister Liu, saying that Liu Jinge had no responsibility for this matter.
These goods were all won by the army. Deng Ming set a tax rate higher than salt, and the profit reserved for merchants was only about 20%. However, Liu Jinge had no idea how many spoils Deng Ming had transported from the downstream to Wuchang, so he didn't know how much tax the tax bureau should pay to him. Although the IOU vouchers reduced the taxes that the Industrial Bank should pay to about half of the original, the amount was still quite large. The city redemption expenses, military expenses, compensation, and treasury payments obtained by the Ming army from the downstream were astronomical figures. Even if Deng Ming's spending was as many as millions of taels of silver, after several rounds of trade, the amount was even more huge, so Liu Jinge was overjoyed.
The salt merchants can be considered half of Liu Jinge's eyes in Wuchang, but since they have no right to check the account books of the treasury, they cannot provide the accurate figures to Liu Gongfu. It is only today that Lu Huan learned from Deng Ming that the tax that Chengdu could get should have been twice as much as it is.
"If the Industrial Bank made a lot of money, I wouldn't be so angry, but they didn't make a lot of money, and the benefits were divided by the gentry here in Wuchang." Deng Ming complained to Lu Huan: "I don't know what to say about Yu Youming. I tried my best to help Wuchang dump goods into Chengdu. I suffered repeated losses in pricing. I was complacent when I got some leftovers left by others, and thought I had made a big profit."
There was an IOU credential agreement on the table. Deng Ming pointed to the agreement and scolded: "The waterway of the Yangtze River is controlled in our hands. It is obvious that people are begging us to buy goods, but there are still compensation clauses, but the profit is still rising! Look at the following article, this credential is still 10% of the deposit. Why don't they just ask for a full deposit like such a profitable businessman in Wuchang? Let our army completely work for them."
"The admiral doesn't have to be upset," Lu Huan persuaded: "This is not the admiral's intention, and the admiral doesn't admit it."
"Yeah." Deng Ming responded softly. If this agreement was more harsh, he would probably tear the agreement desperately. However, the agreement was quite clever. Although it infringed on the interests of the Ming army, it seemed to be within the tolerable range, which made Deng Ming a little embarrassed. After thinking for a while, Deng Ming shook his head and said, "It's inappropriate. Although Yu Youming and Pu Fan have no right to sign such an agreement at all, the people in Wuchang think they have it; it's easy for me to declare this agreement invalid, and there is no place to ignore it, but the people in Wuchang will think that I went back on my word. Once this example is opened, they will doubt our credit in the future."
After all, Wuchang is still a controlled area of the Qing Dynasty. Deng Ming was able to carry out his business smoothly, which was a great reliance on his good credit, so he was also afraid of it: "Lu Chenyin doesn't have this vision, so there must be good things about Zhou Peigong here. His conditions are very cunning, not insatiable, but I will not lose both sides if I do not want to lose."
He couldn't think of any good idea for a moment, so Deng Ming praised Lu Huan casually: "You still understand the truth and didn't follow Park Fan and the others to be stupid."
"This is all our own business, we must worry about it." Lu Huan was still an auxiliary soldier two years ago, and he was also very happy to hear Deng Ming praise him.
"Oh." Deng Ming felt something, and he asked: "You don't accept this IOU certificate, do you have no objection in Wuchang?"
"At the beginning, there was some, and Lu Chenyin even went to argue with Boss Ye, but Boss Ye told him bluntly that these Sichuan salts were the personal property of our salt merchants, not the goods of the admiral, so he would not bother him." As for the one-third of the special goods detained by the salt merchants, they were replaced with pig iron and oxen to offset taxes according to Liu Jinge's instructions. Those goods were also subsidized by Liu Jinge to the merchants in Chengdu according to Deng Ming's previous model to support their development.
"Well, that's true." Deng Ming suddenly realized the problem. His goods in Wuchang were all public, and most people would involuntarily not cherish them. In other words, if public things can be exchanged for them for some private interests, they would have no regrets.
"This matter is my problem from beginning to end. The tax bureau should not be responsible for supervising the sale of goods. No wonder Yu Youming and Pu Fan." Deng Ming thought for a while, then solicited Lu Huan's opinion: "If I change the rules, all the spoils will not be sold directly to the people in Wuchang, but will be auctioned to the merchants in the Dufu, and then let them trade with the people in Wuchang. Do you think anyone will buy it?"
Lu Huan thought for a while and asked, "How much does the Admiral plan to sell it, and how do you collect taxes?"
Deng Ming planned to adopt the bidding model and then separate the goods for the trading companies in Chengdu to bid. The higher the price, the goods will be private property when they are shipped to Wuchang, and then the owner of the goods will trade with Lu Chenyin. If the merchants in Chengdu are stronger in the future, the Ming army can sell the spoils on the spot after the war: "The prefect or the tax bureau will no longer be responsible for the pricing and sale of goods, but I will set a rule for these goods. One-third must be kept and only accept IOUs. You can judge how much IOUs are worth buying."
Lu Huan thought for a moment and asked hopefully: "Then can we salt merchants also participate in this bid?"
"Yes, your money, whatever you want to spend is your business."
However, Lu Huan reminded Deng Ming that he had just mentioned the credit issue.
"The things are coming step by step. Now even if I want to sell all the goods to merchants in the Dufu, no one can afford it, right? Even if I find a bank loan, no bank can have so much money. I can auction the porcelain shipped in the future and tell Lu Chenyin that they don't ask me to buy porcelain in the future. If I want to buy porcelain, I will go to talk to the porcelain merchants by myself. In a few months and half a year, I will sell the tea and then silk... In the end, don't ask me for any business I want, and go to talk to the merchants in the Dufu."
After Jiangxi implemented the unified purchase and sales policy, Jiang Guozhu and Zhang Changgeng also began to think similarly. They both realized that this official-business model would help the government make money. However, Deng Ming did the opposite, which would definitely be detrimental to the government's aggregation, but it might be beneficial to increase Chengdu's overall income.
Lu Huan obviously saw this, and his knowledge has been continuously expanded since his business: "The admiral earns less money."
"If you refuse to pay taxes to me, it will definitely be less. But if I cannot maintain shipping safety, your business will not be able to continue, right? It is very simple. If the effort to protect salt is less than the tax on salt, I will give up protecting salt; if the price of protecting silk trade cannot be recovered from the silk tax, I will no longer protect silk merchants. It's that simple. You are the businessmen who sell salt, and I, the one who runs the government, are the same businessmen."
After seeing Lu Huan off, the guards reported that He Zhen rushed to the military camp to ask for a meeting.
Chapter completed!