In fact, Emperor Hongzhi had already explained it very clearly to Zhong Zhong before.

But no matter how clear it is, the essence of this national debt is that the government borrows money from the people.

No one knows the financial situation of the imperial court better than Zhong Zhong.

What should I do if the money is not paid by then?

He was the first to bear the brunt and was the target of everyone's abuse!

Ji Zhong felt bitter in his heart, but he couldn't stop it.

After all, the issuance of national debt is already a certainty.

In addition to Zhong Zhong coming to the scene in person to observe the situation, Zhu Houzhao also arrived at the scene on behalf of Emperor Hongzhi.

The two of them were sitting not too far apart.

Zhu Houzhao just looked outside with interest to see how the "trust" he found performed.

As for what Zhong Zhong was thinking, he had no interest in knowing.

According to Zhao Ce.

As long as the first batch of treasury bonds are successfully redeemed by the imperial court, even if they are redeemed at a loss, it is still a good thing.

After all, this means that the court's credibility has been established.

By then, the second batch of national bonds will be issued with maturities of two, three, and five years.

At that time, as long as it is issued once a year, the court will be able to repay the national debt at any time!

Zhong Zhong also understood this truth, but he was very concerned about the big seal stamped by the Ministry of Household Affairs.

After the introduction by the officials outside.

A guard held a gong and drum and struck a sound.

"Bang!"

Treasury bonds are officially on sale.

Everyone present looked at me and I looked at you, and suddenly fell into a strange calm.

Everyone enjoyed watching the excitement, but no one seemed to have the intention to step forward to subscribe.

"What do you think?"

"It's hard to say, can we really get all the money and interest back?"

The people below were all talking about it.

"Why don't you take a look first and then talk?"

The national debt of the imperial court requires real money and silver to subscribe.

These people are very smart.

National debt is still a new thing, so I don't dare to be the first to try it, so I pile up money rashly.

But the court also said that buying government bonds carries interest.

Although this interest rate is not as high as loan sharking, it is still better than placing it directly in a bank.

Loan sharking is not something ordinary people can do in Beijing.

Moreover, landlords do not need much cash to lend money at usury rates.

Basically, they use food.

The people in the city have no land, so it is basically unfeasible to use their own money to make loan sharks.

Because those in the capital that can do this kind of thing are basically in a monopoly.

Personal loan sharking is risky, and banks don't even charge interest, and even charge handling fees.

This was borrowed by the imperial court, so you don’t have to worry about the imperial court running away, right?

Many people are indecisive.

Zhu Houzhao from behind quietly came over and whispered: "Fortunately, you asked me to prepare people in advance."

"Otherwise, we might really be at a stalemate today."

Zhao Ce smiled.

"The big families who originally subscribed are also waiting and watching."

"These people definitely need someone to push them before they take action."

Zhu Houzhao nodded in agreement and gestured to the person next to him.

After receiving the order, the attendant quickly withdrew and gestured to the crowd.

Soon, a young man who was quite luxuriously dressed came out.

The servant behind him carried the money box.

"Since it is an IOU issued by the imperial court, there is absolutely no need to worry about the imperial court running away."

"My Zhang family still has some money left. If you put it in a bank, you will still lose money. Why don't you put it here with the court and earn a lot of interest after a year?"

"This young master wants to subscribe for 10,000 yuan of bonds between the two countries!"

After finishing speaking, he deliberately asked loudly: "Excuse me, my lord, how much silver can you get after one year of maturity of 10,000 taels of national debt?"

The household official said with a smile: "After maturity, the principal plus interest will be paid to 10,100 taels."

"Of course, after one year, you can directly take away the one hundred taels of interest. If the remaining principal is not needed urgently, you can directly purchase the remaining treasury bonds of the imperial court with higher years and higher interest rates on the spot!"

"Those who hold national debts can have priority to buy the next issuance of national debts!"

"One hundred taels of interest!"

The man said happily: "If you keep the money in the court for one year, you can get a hundred taels in vain. There is such a good thing in the world!"

"I buy it!"

Another "trustee" also followed suit and shouted: "My Li family also wants to subscribe for 30,000 taels!"

"This is a limited edition, and this good thing will be gone if it's too late!"

After saying that, several people came forward carrying silver.

The government officials diligently took the people who wanted to subscribe for the national debt to the official who had just spoken.

The silver was weighed in front of everyone, and then the Minister of Revenue, Zhong Zhong, also walked out.

The official shouted loudly: "The Zhang family subscribes for 10,000 yuan of bonds from the two countries."

"The Li family's son subscribed for 20,000 yuan of bonds from both countries."

"Your Excellency, the Minister, personally issued the national debt certificates to the two families!"

Zhong Zhong smiled a little stiffly and watched as those people took over the IOUs with the seal of the Ministry of Revenue.

When the wealthy businessmen present saw someone taking the lead in subscribing, their hearts began to waver.

Although the interest rate is indeed no higher than that of loan sharks, the imperial court guarantees it!

The Minister of the Ministry of Finance has come in person, so what are you afraid of?

If there is one, there are two, and there are three.

Soon, other people who had brought money to watch also came forward one after another.

Counting the money in front of the Secretary of the Ministry of Revenue, there is no need for any trouble or other additional means.

While everyone was talking, they slowly began to line up.

"So many people are buying it, so we will buy some too."

"That's right, I have some spare money at home, so I'll buy some too."

Everyone has bought it, so it’s only right to follow suit.

However, all of these people are ready to give it a try, and many of the subscriptions only cost a small amount of money.

One hundred taels are available.

Those that are less than one hundred taels will be directly rejected by Zhong Zhong and will not be accepted.

Xu Fang also led others and lined up in the queue.

Everyone has a small money box, only his family has a box that two people can carry together.

And there's more than one.

When it was Xu Fang's turn, everyone present watched as these big boxes were moved over.

"Isn't this the bookboy from Dingxihou?"

"Yes, it's him."

"Every time Marquis Dingxi goes out, he will be taken with him to wait on him. That's absolutely right!"
To be continued...