My father is Jiajing

Chapter 398 took a breath

As for Prince Yu, that is, the Beijing Special District Development Bank's veto power, this did make those present hesitate.

Because they knew it was unfair, but Prince Yu's status and the core technology held by the Beijing Special District Development Bank forced them to consider compromise.

Finally, after everyone was silent for a long time, Qian Qiben thought again and again, stood up and replied: "I can support the prince's veto power on behalf of the salt merchants and banks!"

With Qian Qiben's statement, Qiao Wanjin was stunned for a moment, but then he stood up and said, "I can also support the prince's veto power on behalf of the Jinshang Bank!"

After Qiao Wanjin stood up, the other bank managers and persons in charge also expressed their support for Zhu Zaigui to have a veto power.

After seeing everyone's support, Zhu Zaigui smiled and said, "Thank you all for your kindness."

"Since everyone agrees with my proposal for a 'federation', I will give this 'federation' an official name, called 'Ming Dynasty Federation'. What do you think?"

When everyone heard this proposal, naturally they would not have any objections, because having the words "Great Ming" on it would be a guarantee for them, so that they would not be bullied by ordinary officials and local tyrants.

Zhu Zaiqi saw that everyone agreed, so he struck while the iron was hot and said, "I propose that President Gao Gong be the first chairman of the Federal Reserve. Is there anyone willing to join me in recommending President Gao?"

Gao Gong, who was sitting next to him, was slightly stunned. He didn't expect that Zhu Zaigui would shift the focus to him. This made Gao Gong a little surprised, but also felt it was reasonable.

After all, his identity is there, and he is also a staunch supporter and confidant of Prince Yu's Mansion. If such an important position of Federal Reserve chairman is not given to his own people, who else would it be given to?
So, Gao Gong couldn't help but stand up at this time and let everyone look at him.

At this time, whether it was Qian Qiben or Qiao Wanjin and others, they looked at Gao Gong who stood up and naturally could not say anything to object.

Therefore, Zhu Zaigui's proposal was naturally unanimously approved by everyone.

This fledgling Ming Federal Reserve, which has not yet established rules and regulations, already has someone in charge.

Now that we have someone in charge, the next thing to discuss is naturally the problems within the organization.

Zhu Zaigui said to Gao Gong: "I will trouble you from now on, Mr. Gao."

Gao Gong bowed to Zhu Zaigui and said, "I am willing to do my best for the Ming Federal Reserve and help His Majesty and the other directors run the Ming Federal Reserve well."

Zhu Zaigui smiled and said, "Very good! I have no doubt about Mr. Gao's ability and sense of responsibility. I believe that under the leadership of Mr. Gao, the Ming Federal Reserve will surely achieve brilliant results. For the Ming Dynasty and all the directors, we can get corresponding benefits in return."

Zhang Juzheng watched with envy as Gao Gong was once again valued by Zhu Zaigui. Although he also wanted to do so, Zhang Juzheng knew that he was not an expert in economics or financial management. If he were to sit in this position, he would definitely not be as good as Gao Gong.

Therefore, even if Zhang Juzheng envied Gao Gong's position in Prince Yu's heart at this time, he was able to clearly position himself and did not let his jealousy destroy the unity around Zhu Zaigui.

Zhu Zaigui looked at everyone and said, "Now that the Ming Federal Reserve has a leader and has the strong support of all the wise directors, I will openly talk about my ideas for the Ming Federal Reserve."

"If you think what I said is right, then vote on my proposal and make it the rules and regulations of the Ming Federal Reserve. If you think what I said is lacking, you can speak freely and we can work out a system that everyone is satisfied with."

Everyone understood that the next content was also very crucial, so at this time, no one had any opinions and were waiting for what Zhu Zaigui would say next.

Zhu Zaigui had been talking for so long that he couldn't help but feel a little thirsty. After taking a sip of tea, he continued, "First, I propose that all the directors of the Ming Federal Reserve should reform their own banks into banks. For example, the salt merchants' banks can be reorganized into Jiangnan Bank, and the Shanxi merchants' banks can be reorganized into Northern Bank. The banks in other places can also be reorganized and named accordingly according to their locations and characteristics."

"At the same time, I declare that the Beijing Special District Development Bank will be officially renamed the Ming Bank from now on, and will serve as the headquarters of the Ming Federal Reserve. Every future Federal Reserve Chairman must work here to demonstrate the authority of the Federal Reserve Chairman." After hearing Zhu Zaigui's opinion, everyone did not object, and they were very pleased with the suggestion for reorganization and naming, because they also felt that the name of the bank sounded better than money shops and silver shops, and it also seemed more professional.

So this proposal was naturally unanimously approved by everyone. From then on, all banks, silver banks and money houses including the Beijing Special District Development Bank began to adopt a new naming system.

After passing this item, Zhu Zaiqi continued: "In the future, the deposit and loan interest rates of all banks will be under the unified guidance of the Ming Federal Reserve. The base interest rate stipulated by the Ming Federal Reserve will be used as a reference for the interest rates of all banks, and the fluctuation range will not exceed 50%! Violators will be fined at the least and expelled from the board of directors at the most serious level, and the position will be replaced by other banks."

As soon as this suggestion came out, everyone couldn't help but discuss with each other in a low voice. The interest rate is the lifeblood of every company. If it is really handed over to the Ming Federal Reserve, it means that they will be completely managed and restricted by the Ming Federal Reserve. Therefore, some discussion and controversy are inevitable for a while.

However, Zhu Zaigui was not in a hurry. Anyway, this power must belong to the Ming Federal Reserve. Otherwise, what was the point of him going through so much trouble to establish the Ming Federal Reserve?

After a quiet discussion lasting about a cup of tea, this suggestion was naturally passed with the support of the majority, giving the Ming Federal Reserve the power of a real central bank.

Zhu Zaigui then said, "At the beginning, I said that I would transfer the printing technology of small-value guaranteed notes of the Beijing Special District Development Bank, which is now the Ming Bank, to the Ming Federal Reserve. I am also keeping my word on this."

"From now on, all banks that accept the management of the Ming Federal Reserve can obtain a corresponding share of small-value guaranteed banknotes from the Ming Federal Reserve as proof of deposits and withdrawals. In this way, the business between banks can be more convenient for win-win cooperation to safeguard everyone's common interests."

"Of course, this small amount of just-converted banknotes cannot be withdrawn casually from the Ming Federal Reserve. You must pay the corresponding reserve to the Ming Federal Reserve to obtain it. Otherwise, once the small amount of just-converted banknotes are over-issued, the common interests of all of you present will be lost."

After Zhu Zaigui finished speaking, everyone finally realized the weight of his words. It turned out that this was the core meaning of the existence of the Ming Dynasty Federation of Trade Unions!

With this power, who would dare to challenge the authority of the Ming Federal Reserve at will in the future?
It can be seen from this that in the near future, the Ming Federal Reserve will become a super giant, an existence that the imperial court will have to pay attention to.

Therefore, when they thought about the fact that their own silver bank, oh no, the bank's recommender, also had the opportunity to become the Chairman of the Ming Federal Reserve and control this extremely powerful financial institution, their hearts became excited.

This one must be supported! Otherwise, who would have the motivation to actively fight for the position of the next Fed Chairman?

Zhu Zaiqi looked at everyone and said with a smile, "I have finished my proposal. The rest will be handled by Mr. Gao and the directors. I hope that with everyone's joint efforts, the Ming Federal Reserve can become an important entity that truly benefits the world and connects all nations!"

Everyone stood up and bowed to Zhu Zaigui, saying, "Thank you, Your Majesty."

Zhu Zaigui laughed and said, "Don't be in a hurry to thank me. Do you remember what I said at the beginning? The Ming Federal Reserve is only the first thing I will cooperate with you. Now I want to discuss the second thing with you, oh no, the Ming Federal Reserve."

If the first thing is so pleasant, the second thing must be a good thing as well.

So everyone laughed and said, "Please give us your instructions, Your Majesty."

Zhu Zaigui looked at the happy smiles on everyone's faces and he smiled too.

Finally, he said softly:

"This prince wants to borrow 20 million taels of silver from the Ming Federal Reserve to be used for the reconstruction of the disaster-stricken northern regions."

As soon as Zhu Zaigui finished speaking, everyone, including Gao Gong and Zhang Juzheng, couldn't help but gasp!
Twenty million taels of silver? !
The total amount of taxes collected during the three years of the Ming Dynasty may not be this much!
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Asking for a monthly ticket! ! !
(End of this chapter)