Chapter 105： , Issuing bonds
"Hey, what do you two think? There seems to be a problem in this!" said one of the tall men
"What do you think? Lucar doesn't understand it! A noble master plans to build a black-hearted factory and take care of so much. As long as we can make a fortune, we can get it. Anyway, it is not something we can participate in!!!" The middle-aged man with a slightly obese figure replied
"The fat man is right, Lucar, the noble lords, we can't deal with it! With this effort, it is better to think about how to recruit a few more people, and it is more realistic to change the reward!!"
"I know what you said, but it always feels very strange. It's not easy for a nobleman to recruit workers? With their power, where do we need our help? And the wages are so high, don’t you think this is very unreasonable. Is it normal?" The tall man named Lucar explained
After hearing what Lucar said, the two were thoughtful. After a while, the chubby middle-aged man seemed to think of something, his face changed drastically, and he said with some fear: "Is he going to open a black mine? Hearing about some unscrupulous capitalists, he went around cheating. When people go to mines, there is no return!"
"Then what should I do?? He is a nobleman. If we agree and stop doing it, I am afraid~~; if we do, how can we still gain a foothold in Samui? Seeing that there are no thousand or eight hundred people in this posture, it is impossible to pay. Bad, if something goes wrong, so many genus will not tear us three?" Another human said
"It's not that serious! Most of those who dare to do that are remote small mines, and there are not many workers. This noble master recruits a lot of people, and thousands of workers have rioted, how dare he really do nothing? The sound of the wind, even a nobleman can't eat it!" Lucar shook his head and said
"What do you mean, we try to find a place for him to take care of each other, and the more people the better?" The fat man asked tentatively
"That's right! A few civilians are ants in their eyes. What if there are hundreds, thousands, or even tens of thousands of people?? How can you not do too much!!" Lucar said confidently
……
For the ruble and for their own lives in the future, the three of them called for their friends and encouraged them to go out to work.
Thanks to the natural disasters some time ago, most areas of Samui were short of grain harvest. Many people were worrying about their livelihoods, and the results were remarkable. In just one week, more than 1,000 people signed up.
Count Volensky was very cautious and did not go out himself, but sent his servant Vickis to come forward. In the witness of God's representative priest, the representative of Count Volensky signed a labor contract with the workers.
In his opinion, he did not breach the contract! ! The contract did not specify the place of work, and the salary was not deceived. Mining in Bulgaria also earned this income. If it is not enough, you can work overtime. There will always be! !
Such a low-input, high-return, zero-risk business is hard to find. In the eyes of Count Volensky, the Bulgarian government is completely a fool, and high-quality intellectuals don't want it. For a group of foolish people, it will cost a lot!
If Prime Minister Constantine knows, he will scold his mother, what does it have to do with them? Ferdinand, who was always willing to accept advice, was completely insisted by the Grand Duke. This time, his attitude was very firm: if you have opinions, you must implement them 100%. If you dare to discount, go home and farm!
Ferdinand does not need high-quality talents. At least scientists, engineers, and doctors are welcome, and he is willing to pay high prices! But where are these people are scarce talents, and I haven't seen you get a few? ?
The population trade is still in full swing, and there are still a few shrewd people like Count Wallensky.
Most of the nobles also worked part-time as loan sharks. They used to worry about those impoverished untouchables. After all, the manpower of Mao Xiong is worthless! It's easy now. First squeeze the oil and water, and then the whole family and the whole family will pack up and export together, not by emigrating to Bulgaria.
can make a fortune again, although the old and the weak are not popular, but as long as there is a strong labor force, Ferdinand said that they will not refuse to come, it is nothing more than a lower price!
In the short term, young and strong labor is more valuable, but in the long run, it is easier for the whole family to come together.
After more than half a month of tossing, the Ministry of Finance finally came up with a scientific figure, which was at least approved by most experts! !
Plan to issue a total of 200 million levs of national construction bonds within three years, with annual interest rates of 5%, 7.5%, and 10.75% on a five-year, ten-year, and twenty-year period, respectively.
Are these interest rates high? ? In Ferdinand's eyes, it's not high at all! The longer the time, the greater the risk, and the higher the interest rate will naturally be, even if the risk of gold standard inflation still exists! !
Society is developing. The end of the 19th century was the beginning of the second industrial revolution, and human wealth is growing explosively!
Don’t look at the apparently low interest rates on international loans. If you carefully calculate other additional conditions, you will find that it is better to issue bonds!
At the end of the 19th century, there was no saying that "the one who owes debts is the uncle" is popular. The most popular in this period is "the axiom is within the range of the cannon". If you dare to owe the debt, the gun will be handed over to you again! !
If it is the issuance of bonds, it is different. Most of them will be circulated in the hands of individuals. For this part, it is really "the talents who owe money are the uncle"!
Feel free to find an excuse to postpone payment, postpone support, or set up a complex process to delay payment. These routines have been seen in the past Ferdinand! !
Anyway, ordinary people are powerless to deal with the rogue government. Of course, this hurts credibility, and Ferdinand would not do it as a last resort! !
……
After receiving the plan from the Ministry of Finance, Ferdinand invited Secretary of the Treasury Kennedy and asked in confusion: "Mr. Kennedy, how does the Ministry of Finance intend to sell this batch of bonds?"
Two hundred million levs is not a small number, it is equivalent to 69 tons of gold! ! It is 1.25 times the Bulgarian government's fiscal revenue in 1893. It is not easy to sell! !
Kennedy hesitated and said: "Your Excellency, this~~, we~ I'm afraid we can't guarantee the sale!!"
Hearing this, Ferdinand glared at Kennedy. There is no way to sell it out, why are you making this plan? Is it to make me play? ? If you don’t have a proper explanation today, this will never end! !
Seeing that Ferdinand was getting angry, Kennedy quickly explained: "Your Excellency, this is the first time for us to issue bonds on such a large scale. We are not sure about the reputation of the Bulgarian government in the international arena!
In order to solve the financial gap, what we plan is only an idealized figure, and how much we can sell is unknown! In fact, for the first batch of bonds, we only sold 50 million lev.
Our Ministry of Finance is preparing to negotiate with various banks and consortia, hoping that they can act as sales agents. Unless they are optimistic about us and can eat the next part, the result is not optimistic! ! "
"What do you think? Lucar doesn't understand it! A noble master plans to build a black-hearted factory and take care of so much. As long as we can make a fortune, we can get it. Anyway, it is not something we can participate in!!!" The middle-aged man with a slightly obese figure replied
"The fat man is right, Lucar, the noble lords, we can't deal with it! With this effort, it is better to think about how to recruit a few more people, and it is more realistic to change the reward!!"
"I know what you said, but it always feels very strange. It's not easy for a nobleman to recruit workers? With their power, where do we need our help? And the wages are so high, don’t you think this is very unreasonable. Is it normal?" The tall man named Lucar explained
After hearing what Lucar said, the two were thoughtful. After a while, the chubby middle-aged man seemed to think of something, his face changed drastically, and he said with some fear: "Is he going to open a black mine? Hearing about some unscrupulous capitalists, he went around cheating. When people go to mines, there is no return!"
"Then what should I do?? He is a nobleman. If we agree and stop doing it, I am afraid~~; if we do, how can we still gain a foothold in Samui? Seeing that there are no thousand or eight hundred people in this posture, it is impossible to pay. Bad, if something goes wrong, so many genus will not tear us three?" Another human said
"It's not that serious! Most of those who dare to do that are remote small mines, and there are not many workers. This noble master recruits a lot of people, and thousands of workers have rioted, how dare he really do nothing? The sound of the wind, even a nobleman can't eat it!" Lucar shook his head and said
"What do you mean, we try to find a place for him to take care of each other, and the more people the better?" The fat man asked tentatively
"That's right! A few civilians are ants in their eyes. What if there are hundreds, thousands, or even tens of thousands of people?? How can you not do too much!!" Lucar said confidently
……
For the ruble and for their own lives in the future, the three of them called for their friends and encouraged them to go out to work.
Thanks to the natural disasters some time ago, most areas of Samui were short of grain harvest. Many people were worrying about their livelihoods, and the results were remarkable. In just one week, more than 1,000 people signed up.
Count Volensky was very cautious and did not go out himself, but sent his servant Vickis to come forward. In the witness of God's representative priest, the representative of Count Volensky signed a labor contract with the workers.
In his opinion, he did not breach the contract! ! The contract did not specify the place of work, and the salary was not deceived. Mining in Bulgaria also earned this income. If it is not enough, you can work overtime. There will always be! !
Such a low-input, high-return, zero-risk business is hard to find. In the eyes of Count Volensky, the Bulgarian government is completely a fool, and high-quality intellectuals don't want it. For a group of foolish people, it will cost a lot!
If Prime Minister Constantine knows, he will scold his mother, what does it have to do with them? Ferdinand, who was always willing to accept advice, was completely insisted by the Grand Duke. This time, his attitude was very firm: if you have opinions, you must implement them 100%. If you dare to discount, go home and farm!
Ferdinand does not need high-quality talents. At least scientists, engineers, and doctors are welcome, and he is willing to pay high prices! But where are these people are scarce talents, and I haven't seen you get a few? ?
The population trade is still in full swing, and there are still a few shrewd people like Count Wallensky.
Most of the nobles also worked part-time as loan sharks. They used to worry about those impoverished untouchables. After all, the manpower of Mao Xiong is worthless! It's easy now. First squeeze the oil and water, and then the whole family and the whole family will pack up and export together, not by emigrating to Bulgaria.
can make a fortune again, although the old and the weak are not popular, but as long as there is a strong labor force, Ferdinand said that they will not refuse to come, it is nothing more than a lower price!
In the short term, young and strong labor is more valuable, but in the long run, it is easier for the whole family to come together.
After more than half a month of tossing, the Ministry of Finance finally came up with a scientific figure, which was at least approved by most experts! !
Plan to issue a total of 200 million levs of national construction bonds within three years, with annual interest rates of 5%, 7.5%, and 10.75% on a five-year, ten-year, and twenty-year period, respectively.
Are these interest rates high? ? In Ferdinand's eyes, it's not high at all! The longer the time, the greater the risk, and the higher the interest rate will naturally be, even if the risk of gold standard inflation still exists! !
Society is developing. The end of the 19th century was the beginning of the second industrial revolution, and human wealth is growing explosively!
Don’t look at the apparently low interest rates on international loans. If you carefully calculate other additional conditions, you will find that it is better to issue bonds!
At the end of the 19th century, there was no saying that "the one who owes debts is the uncle" is popular. The most popular in this period is "the axiom is within the range of the cannon". If you dare to owe the debt, the gun will be handed over to you again! !
If it is the issuance of bonds, it is different. Most of them will be circulated in the hands of individuals. For this part, it is really "the talents who owe money are the uncle"!
Feel free to find an excuse to postpone payment, postpone support, or set up a complex process to delay payment. These routines have been seen in the past Ferdinand! !
Anyway, ordinary people are powerless to deal with the rogue government. Of course, this hurts credibility, and Ferdinand would not do it as a last resort! !
……
After receiving the plan from the Ministry of Finance, Ferdinand invited Secretary of the Treasury Kennedy and asked in confusion: "Mr. Kennedy, how does the Ministry of Finance intend to sell this batch of bonds?"
Two hundred million levs is not a small number, it is equivalent to 69 tons of gold! ! It is 1.25 times the Bulgarian government's fiscal revenue in 1893. It is not easy to sell! !
Kennedy hesitated and said: "Your Excellency, this~~, we~ I'm afraid we can't guarantee the sale!!"
Hearing this, Ferdinand glared at Kennedy. There is no way to sell it out, why are you making this plan? Is it to make me play? ? If you don’t have a proper explanation today, this will never end! !
Seeing that Ferdinand was getting angry, Kennedy quickly explained: "Your Excellency, this is the first time for us to issue bonds on such a large scale. We are not sure about the reputation of the Bulgarian government in the international arena!
In order to solve the financial gap, what we plan is only an idealized figure, and how much we can sell is unknown! In fact, for the first batch of bonds, we only sold 50 million lev.
Our Ministry of Finance is preparing to negotiate with various banks and consortia, hoping that they can act as sales agents. Unless they are optimistic about us and can eat the next part, the result is not optimistic! ! "
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