To start implementing this plan, Li Cong has already begun to lay out this matter from the beginning of this year. In order to develop these people's lavish spending habits, they must have money in their hands. If they don't have money in their hands,

How could it be possible to spend money? Take a county and city as an example. After paying tens of millions of silver in taxes on average every year, they will get about 10 million silver in various funds. For a country with millions of people at every turn,

For cities, this amount of money is less than two taels of silver per person on average. There are so many officials, so they all need money to eat. The amount of money returned is really too little.

, naturally they are not likely to have the habit of spending money lavishly, but it is different now. You only need to sign a loan agreement, and the interest is not very high, between 5% and 10% per year.

Yes, this kind of interest is extremely low compared with those usurious loan interest rates of 8% to 12% per month. Of course, the government also has to use the next year's tax as a guarantee. Without this

If it's a guarantee, that's definitely not possible.

The chief executive of every city also attaches great importance to the matter of borrowing. They are also very cautious at the beginning. The amount borrowed is also earmarked and they do not dare to misappropriate it casually. After all, they are spending tomorrow's money.

Doing today's work is still a very new thing for them. The government is different from ordinary commercial organizations. It is very normal for commercial organizations to borrow funds. If the government borrows funds, it will be in their face.

You will feel embarrassed. After all, being an official is different from a businessman. If an official is allowed to do what a businessman does, they will also feel that they are serving as an official for nothing. Especially some officials who have read books about sages, even more

I feel that this matter is embarrassing, but if you don’t have money, you can’t accomplish anything, right?

If someone starts to do this, people behind them will feel that they have caught up. They see that the city has developed faster than other colleagues due to borrowing and has achieved political achievements. This is what an official wants most. Having someone who can speak

If someone can help me with my export performance, I can be promoted. It used to take me several years to get promoted to this position, but now I can do it easily because of borrowing money. They are not fools. The positions above are also full of people.

There are many. If you don’t go there this year, someone else will definitely pass it. Next year, it may not be yours. When everyone learns this thing, it will become common. So these people started to prepare. With the Cao Family Trading Co., Ltd.

The number of loans increased from hundreds of thousands at the beginning to millions or even more. This is what Li Cong hopes to do. The more you borrow, the better, as long as you are not afraid of bankruptcy in the end.

Take a city in the Northern Empire as an example. The chief executive of this city did not want to borrow the money at first, but the two officials around it have already borrowed money and made improvements, especially in the matter of giving gifts to the superiors.

It's better. Now that I've moved to the provincial capital, everyone used to be my equals and just make jokes. Suddenly, I've become my superior. It's still easy to make jokes with them.

Is it a matter? You have to think about this matter yourself. The chief executive of this city also started to borrow money from the Cao Family Commercial Bank. At the beginning, it was to repair the river embankment, which required less than 800,000 silver. This amount is not very large, for a person

The county and city can use it, but now that it is the end of the year, their finances have been almost exhausted, and it is impossible to have this money.

So the chief executive started his plan. Needless to say, other banks in the city would do some things in this area with the government in the past. However, when the number was small, there was a strict limit of more than 500,000.

That is absolutely impossible. The bank of Cao's Trading Company went to work immediately with their plan. They just need to use the government's city gate tax as a guarantee so that they can hand over the 800,000 taels of silver immediately.

The city lord came here with the intention of borrowing money from them. Now that people have provided services to their doorsteps, he had to discuss everything with them. City gate tax? This thing is okay, and the money is not a lot. It is only a few hundred thousand per year.

Just use this as a guarantee. It’s not such an important source of income.

The chief immediately agreed to this matter, and the city gate tax naturally went into the hands of the Cao Family Trading Company. Although they did not collect it, these people also knew that the money was collected to repay the Cao Family Trading Company, and the annual interest was also

It’s not very high, just 6%. If I borrow 800,000 from them this year and pay it back next year with interest, it will still be less than 900,000 taels. It’s okay. The Chief Executive believes that he has done a very good job in this matter.

The river embankments in several surrounding counties and cities seem to be not as good as our own. If there is a flood next year, their surroundings will definitely be flooded. However, nothing happened here because of the river embankments built. This is

A very good thing, then his promotion will not be far away. He was very happy when he thought of this. It seemed that Cao's Trading Company really helped him a lot.

General borrowing is okay, but borrowing with political purposes is very scary. Now I just want you for a project, and you still have a lot of tax money left. This is not what the Cao Family Commercial Bank is interested in.

You have built the river embankment and you have to build the city wall here. All of this requires money, and the court's money will definitely not be available in time. If you wait until the court's funding comes, it will definitely delay the matter. Therefore, the people from Cao's Commercial Bank

Some rumors began to be spread in the city, for example, the city wall was in disrepair. If the city wall was not repaired at this time, no one would be found if it was repaired after this season. It was the busy farming season at that time, and people would be there.

If you want to ask others to work in your own fields, you will pay double the treatment. The expenses for this item alone will be a lot. The city lord will not plan this matter and spend so much money from the court. I am sure

He will have his own ideas. The city chief will probably be angry to death when he hears this. Why am I greedy for money? Even if I am greedy for money, I will not look so ugly. These ordinary people will not care about this.

, they will definitely not be so positive when they say good things, but they will definitely be so enthusiastic when doing other things, especially things like this, they are the most concerned about it, and the city will be full of storms in a few days. The city lord is

I was extremely depressed at times. If I really got the money, they would be fine no matter what they said. But I didn’t get the money. It’s an unjust death.

At this time, many things are no longer something that the chief executive can decide by himself. He must start building the city wall. If he doesn't usually repair it, what will the people say about him doing with the extra money? Then

Where does the money go? But how can I build the city wall now that I have no money? The people from the Cao Family Trading Company came again on time, and they came with some plans. Repair the roots of the city wall and build the river embankment.

These are completely two different things. Building the river embankment only requires them to block the flood. There is much more to do in building the city wall than the river embankment. Of course, the amount of money spent is also much greater. It takes about several months in total.

One million taels of silver, right? The plan brought by the Cao Family Trading Company is a loan plan of about 5,000,000 taels of silver.

The chief executive of this city hesitated at this time. This amount is definitely not a small amount. If it is borrowed, it will account for one-eighth of the annual income. What should I do if I can't pay the money? That

The time has just come and I have to borrow money to repay it. The interest rate is no joke. This time the interest rate has risen to 8%. Although it is only a little higher than the last time, the money this time is also high.

It's a lot more, and the annual interest is hundreds of thousands. It seems that the gain outweighs the loss. He seems to be inclined not to settle the payment, but in the current situation, if he doesn't borrow money, he will not be able to suppress the rumors among the people.

, then it will continue to spread, which is very detrimental to you. If the rumor reaches the province, what should you do? People in the province are not so easy to talk to, and it will cost a lot just to settle this matter.

money.

The chief executive found some of his advisers and wanted to hear their opinions. These guys had already carried the money given to them by the Cao Family Trading Company in their pockets. What could they say at this time? This is still telling

The adult said, this time is not the time to save money. Your reputation is the most important. What do they do as officials? They just need to have good relationships. If the official reputation is not good,

If it's good, how can you continue to move forward? When your superiors are inspecting candidates, they need to look at the people's evaluation of them. If the people's evaluation of you is that you are a corrupt official, how can you be promoted? We need to borrow this money.

.

These people are not fools. The Cao Family Trading Company has promised them a long time ago. As long as the chief executive agrees to lend money, they can get another large sum of money, and it is calculated based on a percentage. These people usually only have a few dollars per year.

Ten thousand taels of silver, now you can get this money all at once, why not do it? Use your sharp tongue to get yourself a year's salary, no matter how you count it, it's a good deal, one by one, just follow

The chief executive was buzzing like flies. At this time, the chief executive saw that the majority of people's opinions must be right, so he decided to make a second loan with Cao's firm. The amount was naturally what Cao's firm said.

Similarly, this second loan came like this, 5 million taels of silver, with an annual interest of 8%.

When things have developed to this point, we can no longer borrow money from others. The repayment ability of a county is limited. We can't make ourselves a fat man all at once, nor can we let people be in debt and about to go bankrupt.

, if this is the case, it will be in trouble for some surrounding counties and cities that have not yet developed. What we need to set an example for them now is to tell them that you are fully capable of repaying the money you borrowed, even if you don't pay it back next year.

We won't be so harsh on you to ask him to pay back the money. Everyone looks okay and things are not delayed. Soon the chief executive used all the borrowed money on the city walls and river embankments. These two

The plan was going on at the same time, and the adults in the province also knew about these things. He felt that this guy's way of doing things was much better than others. He had a quick mind and knew how to do things. More importantly, he didn't need his own funds to do things by himself.

What the gentlemen who are officials in the province are most afraid of is that the city lords below are asking them one by one. They will not give you the money to change. It is all the money allocated to them by the imperial government. What do you want today?

He will ask for a little tomorrow. We will have no money in the end. Now that people are better off, they can borrow money to equip themselves. This is a very good thing. How come the counties and cities around you don't know how to learn from this?

At one o'clock, the provincial gentlemen also took advantage of their own convenience and immediately dealt with this matter into a typical example, asking the city lords of several surrounding cities to go over and have a look and learn from others. Naturally, these people are also knowledgeable.

Like. I started to go back to discuss the loan with Cao's Trading Company. This seemed to be a pattern. Even the contracts were the same. There was no modification at all, and the interest rate did not change. I signed contracts with them all. It went smoothly.

The Cao Family Trading Company took over these cities.

It is true that a single spark can start a prairie fire. It started with just one city. After two months, four or five surrounding cities had already joined in. By the end of the year, ten cities in the entire province had joined in.

Several cities have started, so the Cao family business throws out a total of nearly 200 million in silver a year. Although this is a lot of money, when it comes back this time next year, it will have an extra 10 to 20 million in interest. This gain

The profits are also huge. The game of making money is always the most fun. You don’t need to do anything. Just give you a lot of money to give birth to a stupid son. There is no point in letting you store money in a warehouse. And

This money is just a certain amount of money. Even if the government borrows this money, it will not take it out. It is still in your bank. You only need to teach the money to the people who should give it on time.

Already.

Those who cooperate with the government will not spend the money immediately after they get it. They also need a place to store it. The Cao Family Trading Company will provide them with one-stop service at this time. You only need to fill out a form with me.

, the money can be put into your name, and we will also help you open an account. If the money exceeds the prescribed amount, I will not charge you any fees. You must know that in this era, you have to be in the money bank.

You need to pay money to save money, but now you don’t need to pay a penny, and you can save tens of thousands every year. These big businessmen are not short of this money, but it is always good to save your own money.

So the money just moved to another place in my warehouse, and there was just one more receipt on the counter in front. I could earn tens of millions more every year. Why not do such a thing? The chief executives also got it.

Thanks to the praise above, since repaying the money will be next year anyway, I have nothing to rush. The big businessmen also did a good job. They also saved tens of thousands of taels of silver, and it was very convenient.

In this way, the reputation of Cao's Bank will be improved and its credibility will be much higher, especially the big businessmen in this city. They will all recognize that this bank is good. The business of other banks will be really affected, but don't worry, other banks will

If you can't continue, you will see the guys from Cao's Trading Company coming to discuss acquisitions with them. This is what Li Cong wants. Since you can't continue, why are you still guarding such a territory? My bank is

There is a great need for talents in this field. I am not short of land, nor am I short of money, but I am short of talents in this field. Many workers in the villages have begun to change jobs at this time, because their money has been very long.

Didn't receive any business at that time.

In this family, there are wives and children waiting for me to go back to eat. If I don’t make money, what are I doing outside? People at home will look down on me after I go back. Many people from the Cao family business came to talk to them, of course.

It's all private. As long as your skills are strong and you have the ability in that area, of course, it would be better if you have customers in this area. Your income is definitely proportional to your efforts. For example, if you

If you bring in a huge deposit and take out a very secure loan, you can get a lot of profits. This amount is definitely much better than the ten taels of silver you used to get every month.

Many people are moved. Even some banks that can still maintain their operations have begun to move their employees due to salary issues. For these bosses, the salary increase is not a big sum, but they are unwilling to

To benefit your own people, when the Cao Family Trading Company takes out this money, even if you and your people start to raise salaries at this time, they will think in their hearts that you could give us so much money in the past.

But now you gave us so much money under the pressure of others. There will be some estrangement between them and the boss. Maybe they will stay with you for the time being, but this time the arrival of Cao's Firm was rejected by them. Next time

If there is a slight disadvantage, they will go to work at Cao's Trading Company. It is up to you to take care of the vacant position here. Without these guys, the bank will not be able to operate. In the end, it will be able to compete with Cao's Trading Company.

There are only a few money banks left, and those that are likely to be competed with are not profitable at all. They will lose money in the early stage of competition, but in the later stage, the time to make money will come.

Li Cong knows this better than anyone else. If you don't invest in things like business, there will be no large-scale returns. If you want so many technical talents to follow you, you must spend a lot of money.

Already.

Within half a month of the start of this plan, more than ten of the dozens of banks in the city have closed down. They have no way to continue operating. The first is the loss of customers. In the past, they all had a few regular customers.

Yes, these people have some fixed deposits here, ranging from tens of thousands to hundreds of thousands or millions. However, these businessmen need to pay a lot of custody fees every year. They are also businessmen, and they are in business.

It is impossible not to do things that can save one's own money as a businessman. As for the friends I have made over the years, to be honest, in the eyes of businessmen, friends are the relationship between using and being used. The kind of people who use their own money to do things very righteously.

People who make friends will definitely not do this unless you have what they need.

These merchants and the remaining guys are a very important resource. The Cao Family Firm takes a fancy to this. They are better at retaining these talents than these merchants. They have a higher price to snatch them back. Many of them
To be continued...