Du Zhongxiao called Dong Lin in the Yaqian and repeatedly instructed: "You are not a small matter when you go to Bingzhou this time. Most of the incense medicines, alum and cinnabar in our military warehouses, and all goods that are not used and cannot be cashed in the volcanic army will be transferred to Bingzhou and exchanged for cash. Now the army is using money everywhere, so you must not delay it, go and return early. Be careful along the way, and you must not make any mistakes with Feng Yuanwai's caravan."

Dong Lin sang with his hands: "Zhijun, the journey to Bingzhou is long, and most of them are mountain roads. I wonder if I can send a few military soldiers together?"

Du Zhongxiao said: "Don't worry, I have a document here. You can ask the local government office to send people along the way and stay in a post shop."

When Dong Lin saw that Du Zhongxiao was well arranged, it was hard to say anything. From the Volcanic Army to Bingzhou, he had to go to the Baode Army first, walk the Kelan Army, and to Xinzhou. Not only was the journey far, but he mostly traveled through valleys. Although there were many troops stationed in this area and the investigation was severe, there were occasional small thieves in the mountains, but there were no way to do so.

Seeing that Dong Lin was worried, Du Zhongxiao said, "Don't worry, Mr. Feng is used to walking this path, just walk with them."

Dong Lin had no choice but to agree and bow and leave.

Du Zhongxiao was worried when he saw Dong Lin go out. The goods were worth a lot of money this time, and Du Zhongxiao was afraid of any mistakes, so he asked them to go to Bingzhou with Feng Yuan's caravan. There was a lot of money on the books in the Volcanic Army's military capital warehouse, but in fact there was very little cash in it, mostly goods that were difficult to exchange. Such as silk, because of the scarcity of the northern land, it could not be accumulated in the warehouse. Alum, cinnabar, mercury, etc. were not allowed to trade, and the demand was small. It accumulated year by year, accounting for a lot of shares of the military capital warehouse deposit. Seeing that there was so much money on the books, there was not much that could be used. Du Zhongxiao wanted to reclaim the fields and was struggling everywhere. A few days ago, he wrote to Zheng Jian, talking about his difficulties and demanding that all these useless inventory be exchanged for cash.

Since Du Zhongxiao arrived at the Volcano Army, Zheng Jian did not make any trouble for him. A few days ago, Zheng Jian happily agreed, but he specifically ordered to pay attention to the defense of the Khitan and to recruit the small tyrants on the other side of the river. This time, Zheng Jian also agreed to exchange the cash for all of them into new iron coins.

After Du Zhongxiao left Bingzhou, under the leadership of Zheng Jian, all new iron coins had been used in the north of Hedong Road. Not only did the ratio of iron coins to copper coins were increased, but a large iron coins exchanged one by one with copper coins were newly made, allowing the copper coins to be completely withdrawn from circulation. No matter how exquisitely made, the price of iron was still much cheaper than copper. The current iron coins were suspected of plundering people's wealth. The people were not stupid, so they either stored or shipped to other places, and only new iron coins were circulated on the market. This kind of iron coins had no storage value and was smoothly circulated, which made the market prosperous for a while.

The technology of hot-dip tin in iron will one day flow to the people. If the value of iron coins is too high, there will be stolen casting, which is inevitable. They cannot be punched with large machines. They can be carefully forged with small molds. As long as the value is high, they will not lose money. Du Zhongxiao's original intention of manufacturing new iron coins is that it will not rust and can be circulated for a long time, and the other is large-scale manufacturing, thereby reducing costs and making small-scale manufacturing of private funds unprofitable, thereby avoiding fake money. Zheng Jian is still too eager for quick success and instant profits. The value of the currency is too high, and fake money will probably appear soon.

In fact, Du Zhongxiao has a way to make money by making money privately, because big iron coins with a value of copper coins are similar to small iron coins. It is still profitable to carefully forge the small iron coins together and then stack them into big iron coins. The big money that is ten or five years old failed in the past dynasties, which is impossible to prevent the people from making fake money like this. The value of currency is different, either the weight is related to the value of currency or the materials are different. A reasonable way should be to issue a large number of new iron coins to increase the value of copper coins. The money of the two materials is parallel to allow the price comparison of copper and iron to naturally adjust the value of currency. The purpose of the imperial court to promote business and develop the economy. Even if there is a profit, it should not be too high, so that it can last long.

On the one hand, he told Cheng Wenli: "Zhijun exchanged the goods from the military treasury for cash, but it was afraid that it would be difficult to store them. Although mercury, alum and other things were useless, they were difficult to lose in the treasury. Once they exchanged cash, they were afraid that they would spend money like flowing water."

Du Zhongxiao smiled and said, "Now we are reclaiming fields in the north, which is like flowing water. Money is not a spring, spreading the world, and it is better to circulate. What is the difference between existing warehouses and scrap copper and rotten iron? We send money to the military and military people, build ditches and roads, and reclaim farmland. Not only newly opened farmland can produce grain and rice, but they always have to spend the money sent to the people. If they want to spend it, there will be various transactions, and the government will collect taxes, and the money will return to the government during the circulation process. This is the original intention of money. What does it mean to exist in warehouses? Mercury, cinnabar, alum and other goods are not easy to trade in the volcanic army, so it will be much more useful if it is exchanged for cash."

Cheng Wenli said: "If this is the case, how could Mr. Zheng receive our goods to Bingzhou again?"

"Bingzhou is a big place. It is easy to sell these goods there. There are all kinds of industries, whether they are selling or placing them to the city's commercial banks, they are much more relaxed. Moreover, most of the new iron coins produced by Datong are shipped to Bingzhou, and there is no shortage of money there."

Cheng Wenli shook his head. Although Du Zhongxiao's words made sense, he always felt uneasy. If there is inventory in the military warehouse, they would have a clear mind and a trump card at critical moments. As for the difficulty of trading, there is no need to worry. What do the merchants in the city do? At critical moments, they should just sell it to them. Isn't it just for this purpose? This is the custom of the Song Dynasty. Whenever the government is short of money, merchants will be loyal to the country and have to contribute money in various terms.

The two of them have different understandings on this issue, so they won't talk more.

Cheng Wenli said: "Look at it, it's autumn. We need to arrange the army and the people to dig Bupleurum. This is a major entry for our army and a tribute, so we can't delay it. Now the manpower is in the north to reclaim the fields, so we are afraid that this matter will be delayed. Zhijun must plan earlier."

Du Zhongxiao said: "No need, the people all have quotas, which is indispensable. In addition, you can arrange a bribe to buy it, otherwise what's the use of us returning so much cash? Bupleurum is not only rich here, but also a lot of nearby states and even foreign lands. The price will definitely not be too high. When we buy it with money, the people will work hard to dig this thing. Only merchants can traffic in it and not lose their capital."

Hearing Du Zhongxiao's words, Cheng Wenli was a little nervous. His new boss was too courageous in his work. The goods from the military capital warehouse were exchanged for money, and the yamen spent money every move, which was too generous. Chaihu was a local local product. Who was the former chief official willing to spend money to buy it? The things were all over the mountains and fields, as long as the fang army was arranged to recruit the people and dig them everywhere. The merchants who came to the Volcanic Army mainly sold local products from the Fan tribe in the north. There were many medicinal materials such as Chaihu, which were produced on Hedong Road. Who would have gone to this remote place to buy? In previous years, the volcanic army took advantage of the opportunity to pay tribute, and the yamen followed it to sell some, and most of them were private goods from officials, and there was no import.

Looking at Cheng Wenli's expression, Du Zhongxiao knew that he and he would never have thought of going with him, and said to him: "The so-called businessman is rich. If the yamen wants to have money, the business will surely prosper under the rule. Our place is close to the Northern Territory and there is a market, which is a good place to recruit merchants. Especially now, the Khitan and Dangxiang are both closely guarding the court, and many goods are not sold to us. The volcanic army is in their cracks, and there are many articles to do. When we reclaim the farmland and the place will prosper, will we still be afraid that there will be no merchants to come with the horses in the north?"
Chapter completed!