Wild North America 1846

Due to the material, whether gold coins or silver coins are minted, some alloys must be added. The ratio is about 1:9, and there will not be too much difference between the upper and lower, which is within a reasonable range.

The composition of a silver coin is nine silver and one copper. The minted silver coin is of full weight and is naturally a solid and good silver coin. After years of hardening, it will still have a high circulation value.

I'm just afraid of being short-sighted. If a silver coin is mixed with too much copper and lead, its natural value will be greatly reduced.

The general public is not stupid, and they naturally have a fair balance in their minds about what is good and what is bad.

Unfortunately

Most of the governments in the world today are greedy for profit, and not many are sincere in minting good currency. Bad coins are prevalent, and there are very few copper coins and silver coins of sufficient weight. There are even many iron coins in the market, which are just to fool people.

This is true for the countries in Central and South America, and it is also true for the countries in East Asia. Is there more than just the word "chaos"?

From here, Richard saw huge business opportunities in vigorously promoting Tang and Yuan coins.

The Morenci copper mine with world-class reserves gave Richard enough confidence that he immediately decided to mint large quantities of high-quality copper coins. This is currently the top priority of the Office of the Financial Commissioner.

How can we cast copper coins from the high-quality brass produced in our own mines and transport them to the Qing Dynasty to obtain tea, porcelain and other in-demand supplies, to Fusang to obtain them, to the East Indies to obtain spices, coffee, rubber, cocoa, aluminum ingots and other specialties, and to Mexico to obtain silver.

Doesn’t that mean huge profits?

these few months

Sequoia Bank continuously recycles various U.S. dollars, pounds, francs, and pesos in the market, gradually establishing the only domestic circulation status of "Tang Yuan".

In the future, when the time is right, the government of the Tang Dynasty will officially announce the abolition of other currencies and order domestic merchants and factory owners to exchange a certain proportion of old currency for new currency within a time limit.

There are still some difficulties in implementing this currently. The main reason is that the Tang Kingdom is facing the threat of large-scale invasion by the United States. Some private businessmen and factory owners lack enough confidence in the Datang Kingdom and are unwilling to take the risk of exchanging all the new currency.

Faced with such a thorny problem, on the one hand, we must strengthen the publicity of currency exchange policies, and on the other hand, take effective measures to set a deadline for exchanging old currency for new currency.

Overdue users will be punished with serious crimes of disrupting the financial market. The police department will arrest some, imprison some, kill some and severely intimidate them. Then everything will be ok.

In addition to various problems in currency issuance, Richard also focused on the cross-ocean exchange business promoted by Sequoia Bank.

Due to the relative lack of cross-ocean information and the long geographical distance, the cross-ocean exchange business launched by Sequoia Bank charges higher fees, but customers still flock to it.

This is the only way for successful Chinese people in North America to send money to their relatives in mainland China.

So far;

Sequoia Bank has established a total of ten branches in East Asia, including Tianjin, Weihai, Shanghai, Fuzhou, Guangzhou, Hong Kong, Saigon, Singapore, and Jakarta. In the near future, it will establish an 11th Asian branch in Nagasaki, Fuso Country.

As the Sequoia Bank's influence in East Asia deepened, the gold rush legend of overnight wealth in North America also spread, attracting more and more Chinese immigrants to actively participate, forming a wave of immigration that became higher and higher.

In order to meet the increasingly hot demand for immigrant ships on the North Pacific route, the two shipyards of the Tang Dynasty, Chang'an and Los Angeles, after testing the waters and building several 1,200-ton to 1,500-ton iron steamships, ambitiously began to challenge the 3,000-ton cross-country ship.

The construction of overseas immigration ships has achieved certain results.

Everyone is optimistic about this North Pacific route, which is full of hope and money. This northern route from Weihai to Seattle via Midway Island and Oahu has gradually become a golden waterway that is not inferior to the Atlantic route.

I have to admire the overseas Chinese’s vision and business courage.

The dozens of 1,200-ton steamships built by Chang'an Shipyard and Los Angeles Shipyard were basically jointly purchased by Chinese businessmen and immediately put into use on the routes from Chile to Los Angeles, Cuba to Los Angeles, and Uruguay to Los Angeles in Central and South America.

When heading to South America, the cargo hold was loaded with whiskey, steel products, locally produced food, copper coins, clothing and other supplies. When returning, it was loaded with guano and Chinese immigrants. The offshore trade transported in both directions made a lot of money.

Many people have set their sights on the more profitable Northern Trans-Pacific Golden Route. Newly established Chinese shipping companies have popped up one after another, ordering 3,000-ton immigration ships from Chang'an Shipyard and Los Angeles Shipyard, and are gearing up to do something big.

Richard fully encourages the enthusiasm of Chinese businessmen. Sequoia Bank will provide partial loans based on the size and qualifications of the shipping company, and the port and terminal will also provide certain conveniences.

The more the merrier.

In the new wave of Chinese cross-oceanic immigration, the Pacific Steam Navigation Company owned by the royal family is the mainstay and leader. The private shipping companies are useful supplements and will make the North Pacific Golden Route more popular and develop rapidly.

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After discussing several important issues, and feeling the increasing momentum of immigration work, Richard became happy. He lightly tapped the coffee table with his white fingers, and after thinking about it, he said;

"Mr. Allen, what I mean is whether it is possible to open a mortgage loan business for Chinese immigrants to further encourage cash-strapped Chinese to immigrate to North America?"

"Immigration mortgage business...what does your Majesty mean?" Alan Maupassant had a guess in his mind, but he was still not sure.

"It means that Chinese immigrants sign a bonded work mortgage agreement ranging from 3 to 5 years in exchange for a ship ticket to North America. It is mainly voluntary. Before this, it was dominated by government subsidies. I hope that in the future, through the power of the private sector, the economy can

This is the long-term strategy to regulate the immigration flow by means of various means."

"That's it... In this case, the bank may bear some additional risks, such as the death of the mortgagor during shipping, escape from surveillance after entering the kingdom, default on debts, etc. This is a high-risk and high-interest business!" Ellen Maupassant's expression

There was obviously some hesitation.

"We must try to lower the interest rate level as much as possible and keep it within the range that immigrants can bear, such as no more than 10%. Otherwise, this good policy to encourage immigration will become a heavy burden for squeezing Chinese immigrants. This must be considered."

"Your Majesty, as the specific operator of Sequoia Bank, I have to consider the interests of the bank itself and the majority of shareholders. The bank can carry out immigration mortgage business, but due to risk considerations, it is difficult for the interest rate to be lower than 13%."

"13% is too high." Richard shook his head, picked up the tea and took a sip, then put down the teacup in his hand and said with a solemn look in his eyes;

"You can't think of all Chinese immigrants as gold diggers who got rich overnight. Most of them are under great pressure from immigration loans and can only work in factories or engage in some crafts to save money. So

The interest rate cannot be too high, the upper limit is 10%.”

"Your Majesty...if this is the case, Sequoia Bank will bear huge risks."

"Let's do this. The bank can cooperate with Pacific Shipping Company in the early stage, and they will provide more secure immigration conditions and try their best to reduce the mortality rate of maritime transportation. This is on the one hand." Richard said while thinking;

"As the backbone transportation company on the North Pacific route, Pacific Shipping Company's immigrant ships are larger in tonnage and have better riding conditions. The relative immigrant mortality rate will not exceed 10%.

Next step

The Kingdom will start from two aspects and try its best to reduce the mortality rate of transoceanic transportation.

On the one hand, we will strengthen screening and selection, try to avoid Chinese immigrants who are weak, highly emotional, opium addicts and infected with diseases from boarding the ship, and strengthen their training through various methods to reduce the mortality rate.

Secondly, by improving living and on-board nutritional conditions and strengthening sanitary measures, we must reduce the mortality rate of immigrants transported across oceans to 5% or even below 3%. This is a tough goal.

After these Chinese immigrants who have signed mortgage loan contracts arrive in North America, the government will take measures to restrict their aimless movement and reduce the risk and rate of bad debts in the form of special residence permits.

Furthermore, the government will use police stations, courts and other judicial forces to safeguard bank debt rights and interests, and focus on cracking down on some rogue Chinese immigrants to serve as a warning to others.

In this way

With this number of measures, it should be able to greatly reduce the risk of bad debts borne by banks, does Mr. Allen think so?"

"Your Majesty, if these policies can be implemented in place, banks will have the confidence to reduce immigration loan interest rates to below 10% and fully cooperate with the government's policies."

"Okay, great, this is the result I want, hahahaha..." Richard got a satisfactory answer and finally couldn't help laughing.

"Your Majesty loves his people as much as his sons, and we are ashamed of him!" Alan Maupassant lost no time in sending a rainbow fart to him.

Richard smiled calmly, no one among the feudal monarchs in today's era thought so carefully and considered the people so considerately.

As a senior housing slave in his previous life, Richard knew this very well and was unwilling to sacrifice the interests of Chinese immigrants to support some large companies and banks, even companies directly affiliated with the royal family.

A gentleman loves money and gets it wisely!

Richard is convinced;

The Tang Dynasty government adopted a series of policies to benefit the people, and the people who received tangible benefits can truly experience it, which greatly enhanced their sense of happiness and belonging. This is the most important benefit.

It's just a little money, what does it mean?

The financial situation of the royal family reported by Financial Commissioner Wang Yuanqing clearly reflects the characteristics of focusing on the big and letting go of the small. With the rapid expansion of the number of immigrants, there are many factories and enterprises, the kingdom's tax sources are wider, the tax base is more solid, and the tax revenue is blooming and rising.

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In the past 1847, the American River produced a total of 3.47 million ounces of gold worth 70 million Tang yuan, making it the largest economic output in the Tang Kingdom.

1848Q1

The total industrial output value of the Tang Kingdom has approached that of the gold mining industry, becoming the economic pillar that allowed the Datang Kingdom to compete with the gold mining industry. This is very telling.

as a superior

Richard knew that more and more Chinese immigrants were the foundation of the Tang Kingdom. The larger the population, the stronger the foundation and the deeper the kingdom's heritage, the harder it would be for Americans to shake it.

Looking forward to 1848, when the population exceeded 1 million by the end of the year, the Tang Kingdom would be able to take its first step in establishing a firm foothold in North America.

Looking at the increasingly prosperous North American immigration route, Richard's heart was filled with indescribable joy. The Royal Government's first priority is immigration, and the top priority he always pays attention to is immigration.