Why does the Donglin Silver, which has an older brand and a better reputation, not compete with the Lingnan Silver? It is because the Lingnan Silver, which is headquartered in Guangdong, does not have to pay taxes to the court, but the Donglin Silver Headquarters, which has moved to the Donglin Silver Headquarters, has to pay taxes to the court honestly. The emperor is right next to him, and under the leadership of Li Guodong, the merchants under the Donglin Party are now good citizens who pay taxes according to law.

Although the commercial tax has been raised, it is still not high, with the highest amount of only 20 taxes. For example, industries such as maritime trade, tea, silk, tobacco and alcohol have adopted a commercial tax rate of 20 taxes; while ordinary industrial and commercial taxes are still the old rule of 30 taxes.

Such a tax rate is not high, but now Chongzhen's expenses are more costly than before, saving Liao pay, military pay to Zuo Liangyu and the warlords, and saving the huge expenses in the north. The commercial taxes collected from Jiangnan, which is richest in the world, are enough for Chongzhen to use. The silver in the warehouse in Chongzhen increased day by day, which made Chongzhen laugh every day.

The Donglin Party and the merchants were happy to pay these commercial taxes because their income had increased several times compared to before, and they also saw that without the protection of the army, the Tartars had already rushed to Jiangnan, so they paid the tax they should pay, and don't bother the emperor all day long, saying that they would not compete with the people for profit.

Even though Chongzhen competed with the people for profit and opened the Royal Shipyard and Royal Machinery Factory, these royal factories were a great thing for merchants supported by the Donglin Party. The ships and machinery produced in the Royal Factory were of far quality than those built by the Jiangnan gentry themselves, and the price was not expensive. Even if it was a pig's brain, he knew how to choose.

For Li Guodong, the court's commercial tax was only collected between 20 and 30 taxes. The tax rate was indeed too low. The military pay paid to him every year was seriously insufficient. But it didn't matter. Li Guodong did not rely on those military pay to support his army. The well-known big merchants in Jiangnan basically had Li Guodong's shares. His annual dividend income was far more than the military pay paid to him by Chongzhen. What's more, Li Guodong also had his own manor, military household office, salt fields and other industries, so he didn't have to worry about spending money at all.

Donglin Silver also has to pay taxes, and it pays a "heavy tax" of 20 taxes. Because there are too many taxes, the profit margin will become smaller, so the interest rate of the bank to depositors will be lower, and the interest rate of the loan released will be higher.

Lingnan merchants do not have these problems, so they can use higher interest rates to attract depositors or lower interest rates to attract merchants to come and borrow.

By comparison, when the Donglin Yin and Lingnan Yin were in the same city, the Donglin Yin suffered a loss.

According to Li Guodong's bank plan, a national bank joint organization will be established in the future to stipulate the highest and lowest interest rates to prevent malicious competition and allow fair competition among major banks. Banks use service attitudes, points systems and other means to attract depositors, relax review conditions and shorten loan time to attract merchants to come and borrow.

In the future, paper notes will be issued in formal future. Small silver notes of one tael of silver and five cents of silver will be officially turned into banknotes and circulated in the market, so that paper notes can be issued in formally.

Once a banknote is issued, it will be huge profits. Although it means how many gold and silver reserves the bank has, and the same amount of banknotes are issued based on the amount of gold and silver reserves, in fact, this is not necessary. The issuing banknotes can be more than gold and silver reserves. As long as there is no malicious run, there will be no problem.

Li Guodong seriously considered this issue as to how to deal with the Lingnan Silver after conquering Guangzhou. He could not ban the Lingnan Silver No. 1, but cleaned up all the gentry behind the Lingnan Silver No. 1, confiscated their shares, and handed over to Chongzhen for most of them to control themselves.

In this way, Li Guodong will become the largest shareholder of Lingnan Silver. Then he will compete with Donglin Silver with Lingnan Silver, then take the opportunity to introduce the UnionPay system, and then officially issue paper money.

In fact, there is also a Jin Shang silver account in the north of the Qing Dynasty, which was opened by Fan Yongdou. In the future, the Jin Shang silver account will be eaten by Li Guodong. At that time, three major silver accounts will appear on the land of the Ming Dynasty. Each of these three major silver accounts is a large consortium, and each consortium has an extraordinary family management. But in fact, the backend chief veteran of these three banks is Li Guodong!

Just like the Rockefeller Consortium, Morgan Consortium and First Citibank Consortium in the later years, they were actually controlled by the Rothschild family.

Li Guodong will control those silver numbers, and in the future, they will be like the Rothschild family, manipulating major silver numbers behind the scenes, and then control merchants from all over the world and industries through the silver numbers.

On the street outside Zhengyang Gate in the northern capital, there are crowds of people at the entrance of the Jinshang Bank of the Qing Dynasty. After more than half a year of experiments, this bank account began to issue small silver notes.

The small silver notes issued by the Jinshang Bank include small silver notes ranging from one cent to ten taels of silver, totaling one cent silver, two cent silver, five cent silver, one cent silver, five cent silver, one cent silver, one tael of silver, two taels of silver, five taels of silver and ten taels of silver.

Through the trial issuance within the jurisdiction of the Qing Dynasty, Fan Yongdou discovered that such small-denomination bills were particularly popular. Many people went out to buy goods and no longer brought cash silver, but brought a stack of small-denomination bills, which could be used anywhere.

Since the Jin merchants were seriously injured more than ten years ago, Fan Yongdou has changed his career as an intelligence officer for Huang Taiji. He also made many detailed works in the Ming Dynasty. As a result, after those detailed works discovered the Donglin Silver, they reported this to Fan Yongdou. Fan Yongdou keenly realized that his chance to turn over and make a fortune was coming.

Fan Yongdou opened the Qing Dynasty Shanshang Bank in Shengjing. Although he completely imitated the Beijing camp model of the Donglin Silver, because the Manchus population was too small, the Qing Dynasty Shanshang Bank did not improve much in several years. It was not until Wu Sangui opened Shanhaiguan and the Qing Dynasty heavenly soldiers entered the pass that Fan Yongdou joined forces with other Shanshang merchants to invest, expanded the Qing Dynasty Shanshang Bank and opened a branch cord across the country. In this way, the Qing Dynasty Shanshang Bank developed immediately.

When Xiaoshu sent the small amount of silver notes issued by the Donglin Silver to Fan Yongdou, he suddenly thought of Li Guodong's idea: Li Laoer planned to let someone use these silver notes. When the time was almost done, he would put aside the real money and issue treasure money to make money!

After all, Fan Yongdou was a smart businessman, and he immediately guessed Li Guodong's plan, so he imitated the Donglin Silver and found a small amount of silver notes.

As a result, after the trial issuance in the past six months, Fan Yongdou found that this method was really effective. Those small-denomination bills were very popular because they were very convenient to use. At this time, Fan Yongdou began to officially discover small-denomination bills, and he still issued small-denomination bills with a total of double his gold and silver reserves, so he made a lot of money.

Li Guodong's detailed work also heard about Fan Yongdou's affairs. He could have used financial warfare to kill Fan Yongdou's Jin Shang Bank account. But there is no time to care about this matter at the moment, so let Fan Yongdou be arrogant for a while. When Fan Yongdou's profit is almost done, Li Guodong sent a special agent of the guard army to exchange large amounts of small silver bills for the Jin Shang Bank account in the Qing Dynasty, and then used the small silver bills of the Jin Shang Bank account as weapons to give Fan Yongdou a malicious run.
Chapter completed!