Everyone in the room laughed, but the smiles were more relaxed. After all, it was easy to do things with money, and the biggest problem that troubled Qin Feng and the Ming court now was money.

Tang Weide stood up and said, "Your Majesty, now not only has the start-up funds, but even the follow-up funds are basically no problem. The intentional funds in the early stage have accounted for one-fifth of the total demand. These days, according to the method of imitating the railway bureau to raise funds mentioned in the memorial of Yue County Magistrate Yue, after discussion, we also think it is completely feasible."

When the Railways Department first raised funds, it was not as enthusiastic as it is now. In no way, under the leadership of Geng Jingming of the Ministry of Revenue, Wang Yueyao of the Commerce Department and others, they issued railway stocks and sold them to all the people, one tael of silver. With the support of the state's credit, they barely raised enough funds. But so far, these sold stocks have never been divided into dividends, because by the middle of this year, the Railways Department has just implemented a financial balance of income and expenditure.

Some other things that have not been paid off for many years are the private transfer of these railway stocks. Many people have completely lost confidence in these stocks when they have not paid dividends for many years and have been losing money for many years, so they discounted the stocks and took out cash. Of course, this is limited to those who have a large amount of railway stocks. These people initially believed that these stocks were probably as reliable as the government bonds issued by the imperial court, and the purchase of railway stocks is not like the government bonds, so once they were issued, they bought in large quantities with the purpose of making a fortune, they fell in and finally had to sell them with tears and blood.

As for those ordinary people who were holding on to contribute to the country, they had at most dozens or hundreds of shares in their hands. As they became more and more prosperous, they did not take him seriously. Some of them had even forgotten that there were railway stocks.

Qin Feng pondered for a moment: "The issuance of railway stocks has caused many people to lose money. Will there be people buying this time?"

"Your Majesty, those who sold the stocks now have to regret it and vomit blood again." Wang Yueyao smiled proudly. She was the initiator of the issuance of stocks. At this time, the situation reversed, so she naturally ridiculed those short-sighted people. "They sold at a discount, but now these stocks are at a premium. Some people have already purchased small stocks scattered out of the stocks. By the middle of the year, it has risen to one tael and two cents per share. At the end of the year, it is finally counted. Once the rail car starts to make a profit, the premium of these stocks will inevitably rise."

Qin Feng couldn't help but feel silent. Isn't this the most primitive stock trading?

"Is this kind of transaction large in scale?" Qin Feng asked.

"Don't worry, Your Majesty. First, this kind of small-scale stock is very wide, and it is not easy to gather together. Moreover, people's sense of smell is very sensitive now. When one person starts doing this, the others will follow the trend and will not be easily controlled by one person. Second, when the stock is issued, they firmly controlled the scale, and the court always maintained absolute control. Even if the most extreme situation occurs, all external stocks are concentrated in one person's hands, and the court will not shake the main position of the court." Wang Yueyao explained.

Zhong Zhen snorted, "If such an extreme situation really occurs, I think the court should check this person carefully. It is obvious that it is ulterior motives!"

"This situation is basically impossible, because in addition to these small shareholders, there are many major shareholders who are strong businessmen. These people are deeply involved in the court and have interests. They will never dare to act rashly on such matters." Wang Yueyao said.

Qin Feng waved his hand: "It's better to be a good thing for such a thing. Now there are so many private transactions of such stocks. As far as I know, in addition to the railway stocks issued by the court, there are other chambers of commerce that are also issued stocks with different names but the same substantive meaning. The Eagle Nest Domestic Company reported secretly that many people were destroyed and their families died. I think this matter should be regulated. Because with the successful issuance of the Railway Administration's stocks and making money, the following canal stocks will be followed, and the stocks issued by other domestic chambers of commerce will be bullish. This matter must be regulated. The Commerce Administration must remember to come up with a draft on this matter and submit it to the Political Affairs Hall meeting first."

Wang Yueyao thought for a while and said, "Does Your Majesty want to standardize these stock transactions in a specific place and conduct public transactions?"

"Not only that, in the future, all merchants in the Ming Dynasty must be prevented from issuing such stocks privately, because this will give some people the opportunity to make up names, make money, and then run away. Now most people in the Ming Dynasty still don't understand stocks at all, but as time goes by, more people will understand this and find that this is a money-making business, which will inevitably breed more illegal things. Therefore, anyone who wants to issue such stocks in the future must be approved by relevant departments of the court and a chamber of commerce of a certain scale can issue them. No one can engage in such fundraising behavior."

"Then is your Majesty going to hand over this matter to the Commerce Department?" Wang Yueyao's beautiful eyes flashed. She had a very sensitive sense of business, and she had already vaguely felt the huge chain of interests hidden in it.

Qin Feng smiled and said, "You take the lead in doing this first. This is not something that your Commerce Department has to do. In my opinion, a new department will be established to specialize in managing this matter."

When Wang Yueyao heard this, she was disappointed.

Qin Feng turned around and saw where Tang Weide was still standing, and couldn't help but smile apologetically: "I'm talking nonsense, County Governor Tang, please continue."

"Yes, Your Majesty. After this period of meeting, we have solved many problems, but we have also found many new problems. One of them, Chen and others, believes that the most likely mistake is that all localities and ministries have their own interests and demands, so many disputes arise."

"So after thinking about it, you are planning to set up a special yamen like the Railway Bureau to handle this matter, and hand over the construction and future operations to this yamen?" Qin Feng asked back.

"Yes, Your Majesty. Only in this way can the power of affairs be unified, all kinds of shirking and procrastination can be avoided, and can they operate at the most efficient speed." Tang Weide bowed.

Qin Feng nodded: "It makes sense. Since you have reached a consensus, then set up a yamen like the Railway Bureau. Well, the new yamen is called Canal Company."

Everyone in the room was stunned. After looking at Qin Feng for a while, Wang Yueyao asked weakly: "Your Majesty, Canal Company, I understand the first two words, but I don't understand the last two words."

Qin Feng laughed: "There is nothing else. Just call it casually, Canal Company, yes, it's not bad. In the future, our Ming Dynasty may not have to build other canals, so it's just called Canal General Company."

Everyone in the house was stunned again. With such a yamen with countless human resources and astronomical funds, His Majesty called out an inexplicable name casually?

But looking at Qin Feng's natural expression, everyone who knows him knows that there is nothing to say about this. It's better, just one name on the left. As you call me, you get used to it. Canal Corporation is just Canal Corporation.

Qin Feng was very proud. He finally regained a little bit of the feeling of the past. He had a sense that this name would soon become popular in the Ming Dynasty.

"Your Majesty, is the level of this Canal Corporation matched the Railway Department?" asked cleverly. "I used to serve as the director of the Railway Department. Why not continue to be the Canal Corporation this time?"

"The chief of the Canal Corporation will be called the president in the future." Qin Feng didn't care about the strange eyes of everyone in the house and continued to immerse himself in his beautiful memories. "Don't think about it. We really couldn't find anyone. At that time, we were short of people. Now you are the Minister of Works. If you asked you to serve as the chief of the Canal Corporation, you would raise the level of the Canal Corporation. This is not possible. So, this candidate has to be decided separately."

"Your Majesty, I can do it." When I heard Qin Feng say this, Wang Yueyao immediately jumped out. She was lower than Wen Peng's level: "The most difficult thing in building a canal is the allocation of funds, and I have unique conditions in this regard."

Looking at Wang Yueyao's hopeful expression, Qin Feng shook his head again: "You can't do it either. This time after I return to Yuejing, many things will change. Change it. Your Business Administration is one of the key points. In the future, the burden on you will be heavier and the responsibility will be greater. You don't have such strong energy to manage this Canal Corporation."

Hearing this, everyone in the room was shocked again.

Qin Feng's words seem casual, but the meaning inside is profound. If you want to move, change, what will you move, what will you change? It must be the establishment of the ministry and the arrangement of official positions. His Majesty had already made it clear just now, and Wang Yueyao was about to move.

This is not a small matter. If you move your whole body, you are afraid that the Ming Dynasty will undergo a drastic change. I just don’t know if everyone here will be involved.

"Everyone, let's stop here on this matter. You can first choose a qualified president of the Canal Corporation. As long as the Political Affairs Hall agrees, you can take office immediately, start forming his team, and then work."

"Yes!" Everyone endured the shock in their hearts and bowed to it.

Qin Feng stood up and looked at Zhong Zhen and said, "Mr. Zhong, you are from a military general. In the afternoon, accompany me to see a unit and give me a taste of it?"
Chapter completed!