"Have you heard that, the emperor embezzled the bank's money for enjoyment. I heard that more than a dozen halls were built in the palace.↗Small,...o"&1t;/p>

"I also heard that the emperor wanted to follow the example of King Zhou of Shang to build a wine pond and a meat forest. He had embezzled millions of taels of silver."&1t;/p>

"What millions of taels, I heard that tens of millions of taels have been misappropriated."&1t;/p>

"What? So much!"&1t;/p>

"Yes! Go to the bank to take out the money! If you go late, it will be gone."&1t;/p>

"Go together, go together."&1t;/p>

Rumors are flying everywhere in the streets and alleys, restaurants and teahouses, which quickly aroused panic among the ignorant people. The people on the street rushed to the Royal Bank, fearing that they would not be able to get the money back if they were too late.&1t;/p>

Shortly before the run, the Tongzhou Chamber of Commerce and Jinshang Piaohao had withdrawn all the 20 million taels of silver deposited in the bank, hoping that the Royal Bank would be short of funds and then the run was closed.&1t;/p>

At this time, in all the prefectures and counties in Northern Zhili, a large number of ordinary people deposited their remaining money into the Royal Bank to earn some interest. The 10% interest rate this year is still very considerable. In this era of relatively shortage of capital, it is normal for banks to give 10% interest. After all, mainstream investment projects are still blank. If the return rate of these investment projects cannot even make 10% interest, then this business is really not done.&1t;/p>

This kind of interest rate of 10% in five years is lower than the bank interest rate during the Republic of China. In the Republic of China, many banks in the Republic of China had an interest rate of 10% after three years of deposit. It was just in this era, after all, only the Royal Bank of the Ming Dynasty issued deposit interest rates, so it was very attractive.&1t;/p>

With the encouragement of the Royal Bank, a large number of ordinary people saved up their change and deposited it into the Royal Bank of Ming Dynasty.&1t;/p>

The rumors were apart, and the common people were panicked. The people who went to the branches of the Royal Bank to run the bank lined up a long queue.&1t;/p>

Everyone rushes to get the money back, fearing that they will not be able to get the money back.&1t;/p>

Faced with these runs of ordinary people, as well as some wealthy businessmen and powerful people who deposited large sums of silver, the Royal Bank of Ming Dynasty did not say anything and did it directly.&1t;/p>

Zhu Youxiao's treasury is placed in the Royal Bank, but it is not for investment by the Royal Bank and does not take interest. It is only convenient for settlement activities for purchasing materials and for emergency response needs of Royal Bank in the face of bank runs.&1t;/p>

At this time, Zhu Youxiao's treasury already had nearly 10,000 taels of silver.&1t;/p>

In half a year, the glass products made by the glass manufacturer made another profit of 280,000 taels of silver nationwide. Because sales were not as popular as before, in the second half of the year, the glass products had undergone the first round of price reduction. The Supreme Deluxe Edition fitting mirror has dropped to 50,000 taels, and the price was cut by half. The price reduction has achieved a good effect. Many wealthy people who are valuable and unwilling to spend so much to strengthen the purchase of glass products have bought some after the price reduction. At the same time, the glass manufacturer also launched glasses. At this time, there were glasses in China, but they were polished with crystals, and the cost was relatively high.&1t;/p>

In the first half of the year, the Taxation Bureau collected a total of 120,000 taels of tax in Beizhili. Basically, all economic activities that cannot be linked to ordinary people were taxed.&1t;/p>

In terms of sales of official salt, it has also expanded to all towns in northern Zhili, and has made a profit of 1.43 million taels in a few months. However, private salt is still common in rural areas, and all the private salt sold by other merchants have been removed in the towns in northern Zhili.&1t;/p>

Royal Bank of the Ming Dynasty also generated a weak profit, and by providing loan business to Royal Capital and private capital, it made a profit of 30,000 taels. In terms of coin minting, it began to become the main force in profits, and in most of the month it also made a profit of more than 50,000 taels.&1t;/p>

These profits combined, nearly 630,000 taels.&1t;/p>

After Li Sancai's assets were sold for 6 consecutive days, he received another 530,000 taels. Of course, this is not all of Li Sancai's real estate, but some of the excellent assets were digested by Royal Capital, such as land, shops, etc.&1t;/p>

There is also the military expenditure of the Ming army in Liaodong and Dongjiang, which is not given at one time, but is given for 6 consecutive months. And many combat supplies are provided by the Royal Military Factory and the Jimin Food Bank, so military expenditure does not need to be allocated, but transported the supplies to the front line.&1t;/p>

These silvers are added together, and the reserves of tens of millions of taels of silver are enough to allow the Royal Bank of Ming Dynasty to run this time.&1t;/p>

Royal Bank of the Ming Dynasty has currently only lent more than 90,000 taels of silver. Even if all depositors take out the money, the treasury still has 10,000 taels of silver.&1t;/p>

The loan was not available before, mainly because there was not enough investment projects to obtain scale.&1t;/p>

Now Royal Agricultural Company and Jimin Grain Bank are on the right track and have formed a set of operating models that have generated huge capital demand.&1t;/p>

As long as you survive this run, when funds flow back, the Royal Bank of Ming Dynasty will gain huge benefits.&1t;/p>

"Uncle, you have deposited 10000 silver in Royal Bank for a deposit period of 5 years. You have been depositing for more than half a year and currently have interest of 6000 yuan, 300 yuan and 4 cents. If you withdraw it now, the interest will be gone." In front of the counter, the staff advised an old man who came to withdraw money: "The bank still recommends that you continue to store it."&1t;/p>

"I won't save it anymore, I'll take it out, take it out all, this is my old coffin book!" said the old man anxiously.&1t;/p>

"Okay! I'll handle it for you right away. Do you want money or silver dollars?" The bank staff didn't say much. They would still persuade these ordinary people. Whether they listen or not is their business.&1t;/p>

"Silver dollar! This thing is easy to use." said the old man.&1t;/p>

"Okay, do we need someone to escort you home?" The staff asked the old man while asking someone to count the silver dollars.&1t;/p>

"I want it, I want it." The old man was not relieved, for fear of being snatched up on the road. Soon the old man got 12o silver dollars and 24 large copper dollars. The bank immediately sent three Beijing soldiers to escort the old man home.&1t;/p>

There were so many ordinary people coming to withdraw money this time, so Zhu Youxiao drew a large number of troops from the Beijing camp, went to a branch of the Royal Bank to maintain order, and escorted depositors home.&1t;/p>

Such services make many ordinary people feel considerate.&1t;/p>

"I want to withdraw money, I want to withdraw money. I deposited 10,000 taels in your bank." At this time, a wealthy businessman lined up to enter the counter, and the staff said, "How much money do you want to withdraw?"&1t;/p>

"Take it all." said the rich businessman hurriedly.&1t;/p>

"Sorry, I've received 1oo taels now. I need to make an appointment three days in advance. You can go into the VIP room to make an appointment. We will prepare the money in three days." The staff said to the wealthy businessman.&1t;/p>

"What? Three days later! You still have money in three days?" The rich businessman rushed on the spot, angrily slapped the counter. The staff said with a cold face: "Please don't disrupt the operation order of the bank, otherwise you will bear the consequences."&1t;/p>

"My **y mother, you have to give this money today, and you have to give it even if you don't." The rich businessman started to stutter on the spot, and the bank staff at the counter immediately shouted: "Come."&1t;/p>

Then two soldiers from the Beijing camp rushed in, and the wealthy businessman who was talking about being tantrum dragged them out directly.&1t;/p>

When other big depositors saw it, their faces were pale, fearing that they would not be able to withdraw the money. But they had no choice but to go to the VIP room to make an appointment, and they all regretted it to death. Why did they greed for the 10% annual interest rate? When the big depositors who entered the VIP room made an appointment to withdraw money one by one, the bank staff did not persuade them to do anything.&1t;/p>

These fixed deposits are withdrawn in advance but there is no interest. For ordinary people, bank staff still advised them quite responsibly, but these big depositors want to withdraw, but the banks are eager to! This can save the bank a large amount of interest expenses, after all, the money itself has not been loaned out.&1t;/p>

ps: Thanks to Rabo for his support, the first helm leader in this book.&1t;/>&1t;/p>
Chapter completed!