Before June, Deng Ming returned to Jiangling and came to Li Laiheng's territory.

"This expedition did not make a lot of money, but it repelled the attacks of the embassy court against Jiangnan. Our commerce, grain production land, and sea outlets were safe and sound, and it shocked the governors in the southeast. In general, it was not a loss." A large group of people, Deng Ming, Li Laiheng, Liu Tichun, Dang Shousu, and Ma Tengyun said.

Everyone nodded. The effect of this expedition was indeed good, completely offsetting the adverse impact of Zheng Chenggong's death on Nanming. The cooperation with Deng Ming also made everyone feel very happy. The accounts were clear and everyone got the one that had been agreed in advance.

"It's time to pay back the debt..." Dang Shousu said. The master helped him calculate the expenses carefully. If he wanted to repay the silver he bought the bonds, Deng Ming would face huge losses because most of the borrowed silver was spent: "Does the Duke of the State plan to repay the money?"

"When we go out to do business, of course we must pay attention to integrity and never be able to rely on the debt." Deng Ming replied seriously.

"Or why don't we help the generals." Li Laiheng was embarrassed to let Deng Ming bear all the debts alone, because everyone used up the money that Deng Ming borrowed.

After hearing Li Laiheng's proposal, several other people either felt happy or reluctantly expressed that they were willing to pay some money.

"No, no." Deng Ming waved his hand repeatedly: "These silvers were borrowed in the name of the imperial government, and the discounts in between were taken away by the bankers of the imperial world. Where can I let everyone share them?"

"Does the admiral have so much money?" Li Laiheng asked curiously.

"Of course not." Deng Ming replied with confidence. The money he received had already purchased plowing oxen, horses and other supplies needed by Sichuan, otherwise it would be handed over to bankers such as Yu Youming to invest in coastal areas.

"Oh, I almost forgot." Li Laiheng smiled and slapped his forehead: "The admiral wants to pay it back with an IOU, look at my memory."

"I haven't printed new IOUs. So many IOUs will make prices rise."

Deng Ming borrowed silver from the southeastern provinces, then purchased supplies in the southeastern region, recruited craftsmen, and married soldiers. A large amount of materials flowed into Sichuan, causing Sichuan's population to surge and industry and commerce to flourish, but there was no inflation. On the contrary, as a large amount of materials on the market were swept away by the Ming army, silver had already depreciated significantly. After discovering this trend, some banks in Sichuan began to invest in and purchase land. If the silver price continued to depreciate, wealthy households would definitely purchase land in large quantities - but it was also possible to bury the silver into the ground. Of course, the inflation in Huguang and Liangjiang is not so severe now, and land prices have not returned to the level before the economic recession.

In a report by Xiong Lan to Deng Ming, the bonds allowed Sichuan to obtain a large amount of supplies from the lower reaches of the Yangtze River, which prevented the large-scale dispatch of troops from causing price fluctuations. However, if the IOU printed a large number of IOUs to repay the debt, after obtaining the IOUs, the governments in Huguang and Liangjiang will definitely use them to buy goods from Sichuan merchants. Even if this batch of IOUs is depleted and even if it has a conversion advantage, the amount returned to Sichuan will still be very large, which will affect Sichuan's prices.

"You can't pay back the IOU, because it can be used to buy things from Sichuan." Deng Ming said firmly.

"What else?" Li Laiheng initially suspected that Deng Ming would be stolen, but just now he answered that Dang Shousushi was so righteous, he thought he had misunderstood him.

"Who said I'm going to pay it back?" Deng Ming asked loudly.

The yamen in Jiangling was silent for a moment, but in the end, Li Laiheng hesitated and reminded: "Didn't the admiral say he wanted to pay it back in person? It's just a blink of an eye."

"What I said is that I won't be able to pay back the money, but I didn't have to pay it back." Deng Ming smiled.

"Don't you just rely on the debt if you don't pay back the money?" Li Laiheng became a little impatient.

Deng Ming showed a smile on his face, "Thu Shuai, you have a lot of things to learn": "Thu Shuai, Zhang Changgeng's messenger is about to arrive. When he arrives, you will know what I plan to do."

In order to prevent Deng Ming from bribing their army, the governors and governors from all over the country had returned the bonds. The IOUs of the Liangjiang River, which were mortgaged by bonds, also began to be issued and handed over to the officials and soldiers who were owed wages and owed wages, to prove that they were the creditors of the governor. Since they were not directly linked to themselves, there was no need for Deng Ming to repay the money, but he still did not intend to pay the debt, otherwise it would hurt his good reputation.

As Deng Ming expected, soon Zhang Changgeng's envoy came to Jiangling with the entire box of war bonds held by Huguang. After seeing Deng Ming, the envoy first congratulated the Ming army on the victory, and then carefully pointed out that these one-year bonds were time to repay. When Zhang Changgeng paid the bank to buy the bonds, he had to accept the discount, but now as long as Deng Ming was willing to return him to Sichuan IOU on paper - Zhang Changgeng gave another discount to redeem the Huguang IOU he issued, and those who served in the army could use Sichuan IOU to buy things in Sichuan's business shops - now the Sichuan Yuan in Wuchang is already circulated, and even if it is not possible in other places, some Wuchang merchants are willing to accept it.

"There is interest." Deng Ming had already asked someone to settle the accounts and handed them over to the envoy in Wuchang for a look: "I don't know if the envoy thinks this number is right?"

"That's right, that's right." The messenger of Wuchang nodded repeatedly.

Huaiyang, Jiaodong and Zhejiang, which are in chaos, made Zhang Changgen even more afraid of Deng Ming. Now that the Qing Dynasty's central army retreated to Shandong, Zhejiang was too busy to take care of itself. The two rivers were more wary of the north than Deng Ming. Zhang Changgen knew that if Deng Ming suddenly turned against him, he would definitely not have to expect any reinforcements. Seeing that Deng Ming didn't seem to be planning to pay for the debt, the envoy sent by Zhang Changgen was also overjoyed. Chengdu now has a clear advantage over Wuchang. If Deng Ming turned against him, Zhang Changgen would have no choice.

"Well, I have prepared all the IOUs, and you can take them away at any time." Deng Ming paused and asked back: "But why are you urging me so urgently? Is it because the Imperial Government has a bad reputation? Is it because the Imperial Government is worried that the Imperial Government will not pay back the money?"

"Where is it?" Wuchang's envoy said with a smile: "The Duke and the Emperor... The imperial government's reputation is no longer good."

Originally, the messenger felt that it seemed difficult to speak out for praise for the robber's good credit, but seeing that Deng Ming himself said so, he followed suit.

"That's because the interest we gave is not high enough? So you have resentment in your heart and want to rush to take it away?" Deng Ming asked again.

"No." Wuchang's envoy shook his head quickly: "If it is stored in the money house, it will charge the storage fee. The Duke of the State will help us keep it. Not only will it not charge the money and give the profits, it is simply a pie that falls from the sky."

"Then let's drop it again." Deng Ming said with a smile: "I am about to issue this year's national bonds. I will buy my new bonds together for the principal and interest of the bonds in Wuchang this time. One yuan will not be missing yours."

...

Outside Jiaxing Prefecture City, the Jingnan Army camp.

A distinguished guest came today, who was the envoy of the Jiangnan Admiral Liang Huafeng. With the military power in his master's hands, the Jingnan Army had to properly receive it.

"This is a letter from the Zhejiang Governor to the Governor of Liangjiang. The Governor passed it to my family," the envoy seemed to have not seen the alert expression on the faces of Zhuang Yuncheng and others. As soon as he entered the door, he handed over Zhao Guozuo's letter of help: "The Zhejiang Governor borrowed troops from the Governor of Liangjiang, and wanted my family to come to Jiaxing to make things difficult for you."

After reading Zhao Guozuo's letter, although Zhuang Yuncheng did not know the reason, he still had a great impression of Liang Huafeng, who informed him. Moreover, since the other party gave this letter, he would probably not send troops to attack them. Zhuang Yuncheng clasped his fists and said, "The admiral is kind, I don't know how to repay him."

"No, no." The envoy had been to Zhuang Yuncheng's hometown before. At that time, he had made a prudent promise on behalf of Liang Huafeng that the Ming Dynasty case was not a big deal. Now the envoy waved indifferently, "My master knows that you have raised the banner of Jingnan, and this banner is good! There are indeed treacherous officials in the court, so it is time to clear them up."

After learning about Zhejiang, Jiang Guozhu recruited Liang Huafeng from Suzhou to Nanjing, and both of them were not optimistic about the situation. The biggest advantage of the government over the gentry was that it had a well-trained army that could conquer those who dared to take the lead in the chaos. Now that Zhejiang cannot deal with Zhuang Yuncheng for a long time, the situation in Zhejiang will be difficult to deal with.

Since Jiang Guozhu also planned to develop a prison in Jiangnan, he was particularly concerned about the changes in the situation in Zhejiang. Zhuang Yuncheng's successive victory forced Jiang Guozhu to repeatedly postpone his deadline for launching the prison. After receiving Zhao Guozuo's request for help, Jiang Guozhu and Liang Huafeng both believed that they would never get into this muddy water. The army in Jiangnan was busy, and they had to monitor those gentry who might rebel, beware of the court, beware of the Zhang Huangyan of Chongming, and even beware of the Zhang Chao of Nanchang. Where else was there

Do you have any effort to help Zhao Guozuo? Besides, Zhou Pei secretly reported that Zhao Guozuo's financial situation was very bad, and he might not be able to pay the funds needed by the guest army. Jiang Guozhu could not pay out his own pocket to help his neighbors solve their problems. Besides, helping Zhao Guozuo would also have political harm. Beijing might think that Jiangnan wanted to expand its territory and there would be signs of rebellion; and Chengdu seemed to be the planner of the chaos in Zhejiang. If Jiang Guozhu went to help Zhao Guozuo, Chengdu might think that he was hostile to Deng Ming.

"You have to pay attention to writing a book, which is too broad, right?" Liang Huafeng's envoy made a statement of righteous indignation: "Mr. Zhuang knows that my admiral is the one who has been speaking up for the old man for two years."

"The grass-roots keep in mind the care of Admiral Liang." Zhuang Yuncheng was a little moved when he heard such a clear statement.

"Don't worry, Jingnan, my admiral will continue to argue with you for your grievances. When the time is right, my admiral will submit a report to the court, asking the emperor to pardon you and reject the Ming Dynasty case." Liang Huafeng's envoy said very much, and he agreed with most of the participants of the Jingnan Army. They rebelled because they couldn't survive, but they were actually a little confused and didn't know how to end it.
Chapter completed!