This is still a mercy for his subordinates. Some of them are profitable and donkeys roll over and they are directly overturned. I don’t know how much they will pay.

This is just one of the smallest harms of usury. In Tang Yi's view, due to the high interest rate, rich people can get rich returns by lending money and doing nothing.

It is human nature to be lazy and hate labor. If you don’t make money easily, no one will foolishly make money that is difficult to make. Excessive interest will directly affect the enthusiasm of investing in industry and commerce.

In fact, the biggest advantage of Tang Yi's establishment of a transportation business in the southeast was that it lowered social interest and made investment in industrial and commercial workshops more profitable than simply borrowing money. This allowed a large number of gentry to invest in the industrial and commercial field, and relying on the trade of the Maritime Bureau to earn a large amount of gold and silver. The Southeast market was rich in money, further lowering the lending interest, and formed a virtuous cycle, and the productivity in the southeast quickly exploded.

Tang Yi also wanted to replicate the success of the Southeast in the north, but obviously the conditions in the north are far inferior to those in the southeast, so Tang Yi's actions were cautious.

"I plan to target middle and lower-class farmers. As long as they deposit more than five cents of silver at Shuntian Bank, they can become bank members. After three months, they apply for a loan from the bank. Within 50 taels, the annual profit will be 150% to 20% of the bank deposited. The bank deposited is calculated at 5% interest per year..."

Gao Gong was ambitious and wished that King Yu would ascend the throne tomorrow. He would become the chief minister tomorrow afternoon to show his ambitions. He boasted of his talent, and few people could like to see him in the world.

But when he heard Tang Yi talk about the bank's idea, Gao Gong was stunned. He had never thought about it before, and immediately became interested and asked Tang Yi to explain his ideas.

Tang Yi had no reservations. Shuntian Bank was an idea he had long been conceived, similar to rural credit cooperatives. The funds were mainly used to absorb deposits from middle and lower farmers. These people had more or less money, but they were far from enough to lend, so they could only stay in their hands.

Shuntian Bank uses 5% interest to absorb the money. Not only can farmers get some interest, but once they have a marriage and funeral, or encounter natural disasters, they can obtain relatively low-interest loans from the bank, and they will not bear huge interest and be forced to lose all their money.

It has both financial management and insurance, which is obviously very cost-effective.

Tang Yi planned to operate the bank, not only target farmers, but also include all the small vendors and vendors all over the capital. These people have stronger financial resources than farmers. After absorbing sufficient funds, Shuntian Prefecture can borrow money from banks to build markets, roads, reservoirs, and canals... After completion, for example, markets can rent stalls, roads can charge tolls, and canals can charge usage fees. In short, after gains, the loan will be repaid. Shuntian Bank will get a return and then return the dividends to the people.

When Tang Yi finished explaining this idea, Gao Gong was simply amazed. He suddenly felt that the people in the Ministry of Revenue were all slaughtering for free. Compared with Tang Yi, they could all jump into the pit and die.

Gao Gongzai carefully considered that the whole strategy was almost perfect and took care of all interests. Of course, some people also suffered losses, that is, those big investors who were alive with usury. Gao Gong asked himself, if he was asked to deal with this matter, he would probably take strong measures to stipulate the highest interest rate. Who dared to exceed it? He would severely punish him and kill someone, and his head would roll and blood would flow into a river.

But doing so will inevitably arouse strong opposition from the gentry. Gao Gong has no confidence in whether he can continue to push it.

In contrast, Tang Yi's methods seem much softer, but they are also much more effective.

Instead of directly using strong interest rate cuts, he lowered the interest rate first within the members, and the big players had no way to object. After ordinary people saw the benefits, they would flock to join, and the power of Shuntian Bank quickly expanded. Moreover, through win-win cooperation with the government office, Shuntian Bank gained support from the court and completely gained a foothold.

The dividends earned will be distributed to the people, which will further strengthen the strength of Shuntian Bank and be completely deeply rooted in the hearts of the people. At that time, the big players will only have two choices, either completely abandoned or join Shuntian Bank and become a close interest group.

When it really comes to that time, I believe that the choice is not something that big players can decide...

It's really a good way!

Gao Gong was fascinated by the sound of hearing, and what was surprising was that King Yu had nodded frequently, as if he had great experience. When Tang Yi finished speaking, he asked shyly: "Master Tang, can King Gu join this Shuntian Bank?"

Tang Yi was stunned, so he acted: "Your Majesty, I am very grateful for your support. I am just talking about business, and you must deposit and invest in accordance with the rules."

"No problem." King Yu clapped his hands proudly, "Now the royal family is pointing at the salary, and the cost is too difficult. If he can get some dividends from Shuntian Bank every year, his life will be easier."

When Gao Gong heard that King Yu was going to invest, he frowned. Obviously, he did not want King Yu to get involved in silver and be a quiet heir to the empire.

Especially what made Gao Gong feel unhappy was that he taught King Yu for ten years, broke the teachings of Confucius and Mencius, and devoted countless efforts.

But sadly, he is not as good as Tang Yi, who has only met twice.

This boy's sweet words made King Yu fascinated and yearn for it. It has to be said that the so-called morality is really not worth mentioning in the face of real interests.

Gao Gong didn't know whether he should be sad or smiled bitterly, but he couldn't take Tang Yi's face and looked up. He was called the royal palace, but it was actually not worthy of the wealthy families in Jiangnan. It was really unreasonable. Just because he hadn't become an emperor, there was nothing wrong with making more money!

Gao Gong comforted himself so much, but he ignored it. Once some things were infected, they could not quit.

Perhaps the Zhu family has some financial talents. King Yu is not enthusiastic about other things and is slow to react, but he has a special liking for Shuntian Bank.

After class, he immediately raised three thousand taels of silver in the palace. Of course, he did not write Zhu Zai's name, but used Li's brothers as heads to invest in Shuntian Bank.

Tang Yi was so happy that since he could not surpass Gao Gong emotionally, he would firmly tie King Yu in terms of interests and tie the people around him. Don’t underestimate them. When King Yu ascends the throne, all of them will ascend to heaven.

Meng Chong, Chen Hong, Li Fang, Feng Bao, and more than a dozen eunuchs all got a certificate of deposit.

Tang Yi specially called Wu Tiancheng over, "I will leave the matter of Shuntian Bank to you. In addition to King Yu, Master Yan Ge, Master Xu, and Eunuch Huang in the palace, and those nobles, all the benefits that should be given to you must not be missing."
Chapter completed!