What is there? Now He Guiqing and Wang Youling even said "It is better to be destroyed by the hands of the Red thief than the hands of Hunanese people", so Yan Duanshu also said without hesitation: "It is of course very useful to Tian Fantai come to Zhejiang!"

Since Tian Xingren wanted to copy He Guiqing's retreat, Yan Duanshu and He Guiqing would not show mercy. Yan Duanshu meant to send Tian Xingren to Ningshao to block the red thieves. Although He Guiqing's arrangement was successful, but he could not block it. That was Tian Xingren's personal problem. He Guiqing only needed to bear some leadership responsibility.

Wang Youling sneered over there: "This is great. I believe Tian Fantai brought Hunan to Zhejiang. Then, I will ask Wang Luqian to help Fantai defeat the thieves!"

He also knew that Wang Luqian was now the Minister of the League Training Department of Shaoxing Prefecture and was fully responsible for the affairs of Shaoxing Prefecture. However, this Wangbutang had a mess of running the League. So far, the only team that the entire Shaoxing Prefecture could pull out was Xie Jing's so-called ever-winning army, with a total of only a few hundred people.

These hundreds of people can barely fight, and their combat effectiveness is beyond our reach. As for other soldiers, there is a problem with even pulling them out. It is no better to send Tian Xingren, the new governor, into this fire pit.

He Guiqing thought of one thing: "By the way, Xuexuan, where did the Hu Xueyan beside you go? He is very capable of doing things. I just need such an operator around me."

He was attracted by Hu Xueyan's ability to do business, and Wang Youling immediately replied: "I sent him to Fuzhou for activities. I must ask Governor Wang to send troops to help Zhejiang!"

He didn't dare to tell Hu Xueyan's real place. Hu Xueyan is now in Taizhou Prefecture, and he threw a stone to ask for directions for Wang Youling.

That's right. It would rather be destroyed by the hands of the Red thief than by the Hunanese.

...

Now the Hu Xueyan, who was in Fujian who was active in his mouth, was under another scorching test in the sun.

The sun roasted on his silk clothes, making his smile a little unnatural. He grabbed his hair and finally got back into the car and asked, "Brother Liu, don't you draw gold for this card? Just checking?"

"Um!"

The big brother Liu, who talked to him, was in his early thirties and was smart and capable. He was the boss of a rice shop in Taizhou. His name was Liu Zhiyuan. He had always had business connections with Hu Xueyan. This time Hu Xueyan came to Taizhou through his relationship.

The carriage was terrible and there was no cool breeze. Liu Zhiyuan told Hu Xueyan: "The Hongjun set up a lot of clips in our Taizhou Prefecture, but they did not collect liquor. They only checked whether the passing people and cars had any banned items. Most of the ones used were new red thieves!"

When Liu Zhiyuan talked about the new red thief, Hu Xueyan already understood: "The ones with white belts are the old red thiefs?"

"Yes!" Liu Zhiyuan told Hu Xueyan: "See if it is an old red thief, just look at whether there is a white belt in the waist. The old red thief is all elderly people who follow Liu Juehu to lead the country. There are only two or three people in the square. The money and grain for this card are supplied by the county, so I just want them to check it very properly during normal times!"

Hu Xueyan nodded: "Where is the new red thief or the old red thief, it is not bad to look at military discipline!"

He sneaked into Taizhou under the order of Wang Youling, and naturally wanted to investigate the real situation of these red thieves. However, after these few clips, he found that the red thieves were ruled and had no need to get a stubborn person. Although the inspection was very relaxed, these clips set in the critical position became the tentacles of the Red thieves controlling the entire Taizhou Prefecture, just like the inspection department and the flood area of ​​the Qing Dynasty.

"Yeah!" Hu Xueyan responded: "Today is a good harvest year!"

He opened the curtain and looked out a few times. The hot heat immediately burned in. On the fields outside, the tenants were taking care of the fields in the scorching sun: "The red thief is here, these mud legs are working hard!"

Liu Zhiyuan smiled: "Of course they work hard. This year, they can get 30% of the summer grain, and they don't have to give Tian Dong gifts. They have collected three or five dou more, so how can they work hard!"

But this is not a good sign. For Wang Youling, there was no farmer in the fields, and there were abandoned fields everywhere, which was conducive to the Qing army's suppression of the Red thieves.

Now the tenants are doing their best to manage the fields. This autumn harvest will definitely have a good harvest, which makes Hu Xueyan only have a glimmer of hope: "The tenants took 30% and the Liu Juehu took 30% of the land. Tian Dong must be a little resentful, right?"

Liu Zhiyuan immediately smiled: "Shopkeeper Hu, you came for this public debt, right? Liu Juehu has the ability, and Tian Dong, who is in Taizhou Prefecture, shut up with one public debt. Now everyone has calculated all day long, just how much can this public debt be sold!"

Hu Xueyan was indeed from the transaction of this public debt. The public debt in Hangzhou was spread very evilly. He had also heard many jokes, and even heard that people were catching public debts from cesspools one by one as straw paper. However, the rumors were a bit false. He was really a little unclear about what the public debt was. "Shopkeeper Liu, I have always taken care of your business. Tell me what the market is now!"

Manager Liu smiled: "This public debt was originally a white note made by Liu Juehu. He said that he would pay the principal and interest in one lump sum three to five years later, but everyone just regarded it as a piece of waste paper, but everyone did not expect that Liu Juehu had such ability!"

He said in an admirable tone: "A few days ago, Liu Juehu ordered the establishment of Zhejiang Industrial Bank, announcing that he could borrow money from 20% to 30% to 30% to 50% of the money he used to pledge the government bonds. Many people pledged the government bonds, so everyone also knew that this government bond could be worth some money. At least before Liu Juehu fell, it was worth a few cents!"

"When Zhejiang Industrial Bank issued a loan, there was a quota. Many people started too late and didn't get the opportunity to borrow money. They wanted to cry, but later they made their turn to laugh. However, Tian Dong, who pledged it to the Industrial Bank, was about to cry!"

He slowly discussed the formation of the public debt market: "At first, Tian Dong, who urgently needed money, temporarily sold the public debt. Unexpectedly, someone would soon specialize in this transaction. Later, when the industrial bank saw that the public debt was booming, he freed up a big house to serve as the public debt market. As for the current market conditions..."

Liu Zhiyuan smiled: "Three-year, five-year, seven-year, and ten-year government bonds have their own market conditions. However, three-year government bonds are the most prosperous and the price is the highest. A few days ago, it once rose to 50% of the coupons. These days it has fallen a little, but there are still 46% of the coupons!"

Hu Xueyan listened with relish, but he didn't understand why the three-year government bonds were of the highest value: "In theory, it is not a five-year government bond, but a ten-year government bond has a higher interest rate and is more valuable!"

"Everyone is worried about the Hongjun!" Liu Zhiyuan told Hu Xueyan the trick: "The three-year government bonds now only need to wait for another 34 months to have the opportunity to exchange them, but five-year, seven-year or even ten-year government bonds, how long does it take to wait!"

After saying this, Hu Xueyan understood: "It seems that everyone still lacks some confidence in Hongjun!"

"It's not that I have no confidence at all!" Liu Zhiyuan replied: "It's just that the Hong army now only occupies 30 counties in the three prefectures in Zhejiang. The territory is still small and the limitation is too big. Maybe one day the Qing Dynasty will show its power and equate the Hong army. Moreover, the Jinhua Prefecture City has been surrounded for more than half a month, but it has not been taken down!"

"Well! When Shi Jingfen's Mansion was the censor, he was the famous Shitou Censor in the capital. This time, Liu Juehu attacked Jinhua Mansion and failed to do his best to win the last step!"

"Yeah!" Liu Zhiyuan continued to talk nonstop and said, "But confidence has increased a lot. If you look at it this way, when the public debt was secretly traded, the price was only 267% and 7% of the price. And if the seller wanted to sell more, the buyer didn't dare to charge too much! But look at the current three-year public debt, you just need 100,000 taels to get it. If the value is 37%, it will be snatched away in half a day!"

"Is it so amazing?" Hu Xueyan was shocked: "Shopkeeper Liu, don't lie to me!"

"It's false to hear it, but it's true to see it!" Liu Zhiyuan said openly: "You can go there personally and see the pomp of the public debt market. You must know that you can easily get tens of thousands of dollars in your daily handling!"

"Ten thousand yuan to hang money?" Hu Xueyan was surprised: "The daily daily exchanges between Hangzhou Money Industry may not necessarily have hang money!"

"So, Liu Juehu is a capable man!" Liu Zhiyuan immediately said: "It was originally a scam, but it turned into a moral policy. Now everyone has no resistance to the purchase of autumn grains and public debts. The price is certainly lower, but when it comes to the bond market, it can be exchanged for money!"

"It's 47% now?"

"The three-year market has a maximum increase of more than 50%! And when the red thief buys, it is always slightly higher than the market price! But at least it is better to be taken away by Liu Juehu for nothing. Moreover, if Liu Juehu really succeeds, it will be a lot of money based on the interest above!" Liu Zhiyuan said: "Although I do rice industry, I have also gone in and played with it this month. It just so happened that the goods were bought up. I bought in three to seven, and I shipped in four to six the day before yesterday, making some money!"

"This is not a small amount of money, right?" Hu Xueyan smiled: "This is a huge profit!"

"It's just a small harvest!" Liu Zhiyuan was very modest: "The rice industry is my main career!"

Even though he said so, the lust in Liu Zhiyuan's eyes could not be concealed. Hu Xueyan asked over there: "Whether Liu Juehu cares about the people in the bond market?"

"There is a big shopkeeper in the industrial bank who is in charge of the market and does not care about the matters. He just buys some contraband items such as arms and sulfur from the outside and sells some Hongjun without any tails of goods. However, if the government bonds fall too much, he will take money from the bank to support it, but the amount is not large."

After saying this, Hu Xueyan already had a rough idea of ​​the so-called public debt market, but when he really got off the carriage and looked at the public debt market, he was still shocked.

So many people!

!#
Chapter completed!