At noon, guests from all walks of life came. The Zhang family set up a flowing mat in the large drying yard, with more than a hundred tables and over a thousand guests. Many people even came uninvited and came to celebrate with gifts.

Even the county magistrate of Ningmin County brought a group of clerks to congratulate him personally. The county of Datang was divided into seven levels, Chi, Ji, Wang, Xiao, upper, middle, and lower. The capital under Kyoto was Chi County, and the town beside the capital was Ji County, and the other counties were divided into seven levels according to the population. Ningmin County was a Ji County, and the county magistrate was the sixth rank.

However, Zhang Tieqin and his son from Zhangjiagou, Bailu Township are now well-known. Everyone knows that the Zhang family's business is very popular and they have close contacts with so many upstarts in the capital. An official of the sixth rank can be regarded as a county magistrate in the local area, but in the capital, he was unfortunate in the capital, and the county magistrate was attached to the capital. When he did evil in Sansheng, he was adjacent to the provincial capital, and became a county magistrate in the capital, he could only be the young daughter-in-law under his mother-in-law.

Even the famous landlords and wealthy families in the county came with gifts.

Zhao Yuanwai from Zhaojiagou, Nanyuan, across the ditches, also came. The owner of Chang'an Risheng Grain Store has disappeared for a while and has become even more haggard.

"I wonder if Sanlang can talk with him?" After giving the gift, Mr. Zhao begged.

Zhang Chao took him to Ma Zhou's account room, asked him to go to the kang and sit down.

"We are also business partners nowadays. Mr. Zhao may as well say something."

Mr. Zhao was dejected, like a wilted rooster.

He sighed several times before saying, "I want to sell the Risheng number to Saburo."

Zhang Chao didn't respond after hearing this, and he was not very interested in the Risheng number. He is still in the early days of the founding of the country, and grain is the most unstable time. It is not easy to do grain business at this time.

If you open a grain store in Chang'an City, you will definitely make money. After all, Chang'an City has so many people, you need a lot of food every day. And there is another thing: even in a normal bumper year, the grain produced by Guanzhong is not enough to supply the Guanzhong region with self-sufficient. Every year, a large amount of grain from Guandong is needed to transport a large amount of grain and grass into Beijing, up to millions of stones.

Market rules: There is demand and market. The greater the demand, the larger the market, and the more potential profits.

But now Changan's grain market is like the big bear market in that stock market. It has just experienced a bubble burst and the price can't stop falling. It is obviously inappropriate to enter the market at this time.

Zhang Chao thought that the market for grain stores was not yet at the end, and then he entered the market not to buy at the bottom, but to take over.

He had nothing to sympathize with Zhao Yuanwai. He had asked him to cooperate with him before, but it was purely for business reasons. Poor people must have something hateful. Zhao Yuanwai was originally a landlord, and he lived a carefree life, which was not bad for his heart, reselling and hoarding, and making a lot of money.

"Sanlang, please help me, I have no way out."

Mr. Zhao couldn't help but burst into tears, shedding the crocodile's tears.

"Why is Mr. Zhao going to take the Rising Number now?" Zhang Chao asked calmly.

Mr. Zhao wiped his tears and began to tell his predicament. After all, he was too greedy before. In order to earn more, he hoarded a lot of food. These foods were bought at high prices, and he borrowed the money for buying food.

I borrowed half a year to make a turnover. I thought it was very good at that time, so I borrowed money to collect the grain. When the price of grain is not accepted next year, the grain price will rise sharply and I will make a lot of money.

If you pay back your loan, you can make another big profit.

"How much does Mr. Zhao borrow and how much does it make?"

"I was also obsessed with it at that time. I took out all my wealth and borrowed another 3,000 guan. The compound interest rate was 80% per month, with a term of half a year."

The monthly interest rate is 80% min. Well, this is already a loan shark in later generations, but now it is normal. Because the court also gave government offices at all levels a sum of government funds, asking them to lend money to generate interest, and even had a special responsibility for catching money, catching money orders, etc., which are specifically responsible for lending the money. The interest rate is now the standard monthly interest rate of 80%. In addition to some labor fees, it is actually 100%.

The government money in the imperial court generally lasts for one year, regardless of compound interest, and the annual interest rate reaches 96%, which is quite high.

If the official is so high, then the private sector can only be higher. Similarly, according to market rules, it is possible that the private sector’s profits reach three to five times the official sector.

Mr. Zhao borrowed a half-year period, eight cents of monthly profit, and the official profit, but it was compound interest, which was calculated in the monthly profit. If you borrowed three thousand, it would be 30,24 in one month, and then the principal would be 10,240 in the next month. According to this profit, the interest in the second month was 260 knots, the third month was 28, and six months later, the principal would be more than 4,760 knots.

Compared with ordinary single interest rates, it is more than a thousand yuan more.

This kind of loan is also called donkey rolling, which means that the period is calculated on a monthly basis, and the compound interest is calculated on a monthly basis. Another type is called lamb interest, which is calculated on an annual basis. The interest paid once the second year is due, and one is borrowed and two is paid.

Mr. Zhao borrowed the donkey rolling, because he only borrowed half a year to collect autumn grain, and then he could sell it to recover the principal and repay the loan by the spring next year. Although the interest rate of the donkey rolling is higher than that of the lamb, it is still more cost-effective to repay it after only borrowing half a year. He borrowed a donkey rolling three thousand guan, and after half a year he paid back more than 4,700 guan with principal and interest, but after borrowing a lamb, he had to pay back 6,000 guan.

However, it is difficult to borrow money these days. Even if Mr. Zhao borrowed a donkey, he actually didn't get three thousand guan at the beginning.

Because whether it is a donkey rolling or a lamb interest, those lenders will have to return nine out and thirteen.

The loan was 3,000 yuan, and the interest was also calculated at 3,000 yuan, but Zhao Yuanwai only received 2,700 guan. After half a year, he had to pay more than 4,700 guan, but he had to pay an additional 900 guan.

This is the nine out of thirteen return. Generally, there are not so cruel people. If you sit on the ground and beat them, it is equivalent to the nine out of thirteen return.

Short-term loans are generally used to draw harshly, mostly nine out of thirteen out of thirteen out of thirteen out of thirteen out of thirteen out of thirteen out of thirteen out of thirteen out of long-term loans, and fewer out of long-term loans, only one out of thirteen out of thirteen out of thirteen out of thirteen out of thirteen out of long-term loans, and only one

Those private lenders have an average monthly interest rate of 80% on the surface, just like the official one, but in fact they have compound interest and nine out of 13 return. They can get one of the money, which makes their profits much higher than those in Gaofu.

In fact, he only got 2,700 guan of money that Mr. Zhao borrowed, but in the end he had to pay more than 5,600 guan. In just half a year, the interest rate nearly doubled.

If it was as high as in previous years, Zhao Yuanwai was still not afraid. In less than half a year, he would make a big profit and pay off the loan.

But now, the grain market is collapsed.

The government continuously transported grain from the newly built territory in the east to Beijing, and then often closed the warehouse and released the grain continuously. The price of grain was one day, falling continuously.

The most fatal thing is that many small and medium-sized merchants who hoard grain are going bankrupt and clearing their warehouses, which makes the grain prices increasingly unable to be kept.

Now, let alone making money, Zhao Yuanwai couldn't sell a large amount of grain in his hand, and he lost more than one day. He couldn't even make his own capital back, so how could he repay the loan?

Although it has not yet expired, the lender is already urging him to repay the debt in advance every day, and they are also worried that Mr. Zhao will not pay the money when he arrives.

"How much food is still in Zhao's hands?"

"The rice, wheat, corn, sorghum, soybeans, etc. are worth nearly 10,000 stones, and now they are all destroyed." Zhao Yuanwai looked heartbroken when he said it.

However, Zhang Chao despised him fiercely in his heart, making him greedy.

The price of 10,000 stones of grain is different, but it is estimated that this 10,000 stones of grain can still be worth thousands of guan.

However, now the price of grain is one per day, and Mr. Zhao cannot go out, so the grain will only depreciate more and more. Now the rice can still be worth 150 yuan, but if it falls below 100 yuan, Mr. Zhao's grain will have to evaporate half of the money.

If the decline continues, the grain he bought at a high price will be worth tens of thousands of guan, and may not even be worth five thousand guan.

This grain was all about Mr. Zhao. He borrowed it with his own farm, land, shops, and savings, and borrowed 3,000 guan of usury.

Once this food is worthless, Mr. Zhao will have nothing.

"I can't afford so much food." Zhang Chao refused rudely.

"I can sell it to you cheaper than the market price."

Zhang Chao still shook his head. He had to use the Year of the Monkey and Horse Month when he bought so much food.

Now it is not a year of disasters and famines. If it is a year of disasters and famines, Zhang Chao really doesn't mind buying them. Now the food is falling, and it's too stupid to stock up on grain at this time.

Moreover, Zhang Chao couldn't come up with that much money.

Mr. Zhao lowered his head and sighed.

"Sanlang, why don't you?"

Mr. Zhao suddenly asked, which surprised Zhang Chao. Land is the lifeblood, who is willing to sell land?

"Now I am forced to pay the debt every day, and I am desperate, and I don't care about the lessons of my ancestors. Now I just need to pay off the donkey before, otherwise I will be done with the profit."

The more you roll, the more you roll, the more you get, there is no upper limit. It's like a snowball, which is not conspicuous at the beginning, but it gets bigger and bigger. If Mr. Zhao can pay it back in advance, he might be able to reduce the profits, but if it can't be paid off at maturity, it will be really over. He will be snowballed to death and will never be able to pay off the debt.

Now Zhao Yuanwai has only two ways. One is to reduce the price of grain in the grain store, in order to clear the losses as soon as possible and recover some funds to repay the loan. However, it is difficult to clear the grain. He can only be lower than the market price, and it is impossible to sell it in real time. In order to recover funds and repay the loan, he can only use another method to sell the land.

"There are hundreds of acres of land in Zhaozhuang, Nanyuan, which are all passed down from generation to generation, and are all good land on flat slopes."

"How many acres are there?" Zhang Chao became interested.

Although the land returns are not high, they are the most stable. This thing will not be as big as doing business, there is no need to worry about accidents such as sudden fire and water loss, let alone market conditions, and there is a great room for preservation of value.

Moreover, the land price at the beginning of the country was significantly lower, and buying now is the real bottom-buying.

"I can buy 800 acres, but I have to pay the price of ten cents per acre immediately." Mr. Zhao was forced to do so.

"Zhao Yuanwai, the slopes of the southern plateau are not worth this price. The irrigated land on the Wei River is only worth 7 kilns per acre, so it is still a field that can grow rice." Although Zhang Chao was not a person who took advantage of the situation, he was unwilling to be a sucker.

"Then you tell me a price?" To be continued.
Chapter completed!