Lord of Industrialization
Chapter 638 Next Steps
There is a consensus among merchants that the most important indicator of whether a merchant has a future is whether he cares about the news of Weissenburg.
Some people describe that when a butterfly flaps its wings in Weissenburg, it should be treated as a tornado.
In the late spring of 1037, a financial breeze blew in Weissenburg, which immediately attracted the attention of countless merchants, scholars, and rulers. For a time, the business volume of the telegraph office soared.
In this day and age, savings without interest or even custody fees still exist, but bonds are different from savings. The interest rates are high and low, and it is the first time to see a bond with a zero interest rate and no additional conditions.
If this zero-interest bond was made by someone else, everyone would just think he was drunk.
But this bond was made by Grand Duke Weissen, and people unanimously believed that there must be a deep meaning in it.
In the main store of Gazi BBQ, Olive is studying seriously how to identify the true and false "Wessen coupons" like many merchants.
The denomination units of Wesson notes are the "gold shield" and "fin" used by the ancient empire. The fixed exchange rate of 1 gold shield is 0.175 grams of gold. According to gold calculation, 20 gold shields can be exchanged for 1 florin gold coin, and 1 gold shield can be exchanged for 1 Kreuz silver coin.
The subsidiary currency is "fin", 1 gold shield is fixed to 100 fins, and 1 fin is equal to one copper coin in the current market.
Currently, there are 14 denominations of Wesson notes on the market, including 1, 2, 5, 10, 20, 100, 200 gold shields and 1, 2, 5, 10, 50 fins. The gold shields and fins are printed in red, orange, yellow, green, blue, purple from low to high denominations, and the sizes are also different, which is easy to distinguish.
The front of the Wesson note is a big head shot of Frederick, the back of the gold shield is a hot air balloon, a person receiving an IV drip, a flying tulip, a train, a tractor, a van and a bearing, and the back of the fin is livestock, crops and steam bread.
The first batch of Wesson notes were spent through the salaries of county-level and above officials of the Wesson Principality government and the bank managers of Frederick-controlled large factories, as well as internal bulk material purchases, and soon circulated in the market.
In the ten days after the circulation, nearly 70% of the Wesson notes flowed back to the Wesson Bank, and the bank exchanged them all for precious metal currencies on the spot. About 20% flowed into the hands of merchants, who used them to pay taxes and fees, and the relevant departments received them without error.
Newspapers and radio broadcasts carried out extensive and cautious publicity, just to tell everyone that there was such a thing.
Time passed quickly and summer came.
Wesson notes were gradually accepted by the market, and some people began to take the initiative to exchange them at the bank.
At this time, Frederick was shocked by a piece of news and almost vomited blood.
"What the hell is 'Wei Datou'!" Frederick jumped up from the sofa, "Did you do that?!"
Psyche said innocently: "It has nothing to do with me, you have to believe in the wisdom of the people."
Frederick sat down and slapped his thigh and said: "It's unlucky!"
Previous metal currencies did not have no portraits, but the area was definitely much smaller than paper money. Even on Finn's Wesson notes, Frederick's face was larger than on coins.
So, the people simply called Wesson notes "Wei Datou".
Psyche smiled and said, "Your kidneys should be fine, and you won't get uremia."
Frederick waved his hand and stopped talking about it. He changed the subject and said, "Things in Bohemia have been arranged and will start in the next two days."
"This time, Maria and I will go there so that we can proceed to the next step."
Psyche said with some concern, "The Bohemian region has been destroyed. Although it is easy to paint on a blank sheet of paper, you need to invest a lot of resources and the payback period is long."
"If you issue paper money at this time and cannot control it well, you will spend 500,000 Wei Datou to buy a piece of bread."
The Duchy of Wessen makes a lot of money, but also spends a lot of money. She is a little worried that Frederick can't control his hands.
Frederick was silent for a moment and said, "I think I can still manage it, but I don't know if others can."
Psyche raised her eyebrows and asked, "What do you mean?"
Frederick leaned on the back of the sofa and said, "The money from running a printing press is too fast, and someone must be unable to resist."
Psyche shook her head and said, "Given the political and economic structure and scale of other countries, the harm of over-issuing currency may not be as serious as you think. At most, we will return to the era of precious metal currency and barter."
Frederick nodded. Nowadays, no country can be centralized to the extent of forcing the use of paper money. Landlords of all sizes just don't recognize it.
"There is a place that can." He smiled, "I wonder if they can keep their composure this time."
Psyche asked, "Venice?"
Frederick nodded.
The commercial empire that the Venetians have built for hundreds of years since making and selling salt by the sea is getting in his way, and it's time to withdraw.
Psyche said: "Don't underestimate the Venetians. You didn't take them to play with the railway last year. Now they plan to connect to Berne by water and are using tractors to make riverboats."
"According to the information from the Steaming Bureau, they are also studying steam ships."
Frederick nodded. After reading this information, it was no wonder that the Venetians had not contacted him and Mary since last year. The original plan was in vain.
In terms of bulk cargo transportation, the cost of water transportation is lower than that of railways. The rivers in the north of the Kingdom of Sardinia will not freeze in winter. If the Venetians can do a good job of transshipment, the railway can catch up with the trend even if it does not reach the city.
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From this point of view, the Venetians have real ability to develop to the present, and they should not be underestimated.
Frederick smiled and said, "It doesn't matter. They are profit-seeking businessmen. This is the biggest difference between me and them."
"Don't think that I am very famous in the business field now. In the future, my name will be followed by titles such as politician, military strategist, inventor, etc. in history books."
Psyche said seriously, "I will burn the history books for you when the time comes."
Frederick curled his lips and believed that she could do it.
"It is difficult for businessmen to stop in the face of huge profits." Frederick continued the previous topic, "I am looking forward to their performance, and I am more willing to purchase and use them."
Psyche saw that he was so confident, so she poured cold water on him: "Aren't you afraid that they will turn the table and refuse to pay?"
Frederick shrugged and said, "It's okay for me to get the money armed."
"Besides, the priest can run away, but the church can't. They dare not burn the city wall. When the time comes, I will give you a street to be a landlord."
"In fact, the most valuable thing about the Venetians is their reputation. If it can be destroyed with only one or two tons of gold, Their credibility, establish my credibility, that's worth it. "
Psyche nodded and said with satisfaction: "You are now a mature politician."
Frederick smiled bitterly and said: "I am walking on a tightrope over a deep abyss, I don't know when I will fall."
"Well, never mind, anyway, I will earn every day I live in this life."
"Back to the matter of Bohemia, I have to trouble you to write a few more articles. Not many people here have been there."
You can't spend money on Bohemia for no reason, there must be a reasonable reason.
According to Frederick's plan, find someone to publish some articles about the scenery there in newspapers and other places, and then Maria will go there for a vacation.
With this handle, the next thing will be much easier.
Psyche pretended to be thinking hard, and suddenly said: "By the way, I remember there is a river where you can pan for gold sand, about 200 kilometers away from here. "
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