The Lord Demon King is Unfathomable!
Chapter 1725 - 484: Andes Family Dynamics_3That is still worth listening to.
"... Silver coins and copper coins are devaluing, and the speed of copper coins devaluing is far beyond our expectations. Impoverished citizens can't even use copper coins to buy a bag of sufficient salt, simply because our shopkeepers only accept silver coins and offer discounts for gold coins."
"Although this means our money can buy more salt, you and I both know that we don't need an entire ship of salt; we need the citizens of the entire Thunder City to be able to afford our products so that we can become wealthier."
"If our citizens can't meet their basic need for food and warmth, our wealth will be like rootless duckweed. After all, I've never heard of a tattered beggar willing to lay down their life to defend a wealthy person's vault!"
"Therefore, I've gathered you here to collaboratively research solutions to the problem."
"In fact, I already have a preliminary plan. Allow me to present it to you first as a starting point for this meeting."
Andes indicated to his servant to extinguish all the lights in the room.
As the room fell into darkness, he opened a small magic crystal lamp.
Due to the rarity of demon crystals on the earth surface, these poorly illuminating yet expensive magic crystal lamps aren't as common as in the Underworld, yet can still be bought.
Looking at the faint purple light, he took out a palm-sized piece of paper and placed it under the magic crystal lamp.
"This is..."
The attending wealthy merchants all let out suppressed gasps, whether a banker or a gold shop owner.
On that piece of paper, the originally plain ink-printed pattern unexpectedly bloomed with a multicolored brilliance!
Just like magic!
Countless tiny alchemy runes flowed like a lively star river on the paper as thin as a cicada's wing.
It was simply like a piece of art!
"As you can see, a type of paper that cannot be duplicated..."
Everyone instinctively held their breath until Mr. Andes' next words rang in their ears.
"I believe it has the potential to replace silver coins."
Without allowing anyone time to recover, he relit the room's lights and instructed his servants to distribute the samples named 'silver pound'.
Along with the samples were magic crystal lamps to verify the authenticity of paper money, the small lamp only thumb-sized, with a brass cover, a slight twist would make it glow.
Looking at the so-called 'silver pound' in their hands, the meeting room erupted, opposition roared like a tidal wave hitting the end of the long table.
"Paper?"
"Mr. Andes, are you joking?"
"To replace silver coins with paper!? I think you've gone mad!"
The clamor threatened to overturn the entire meeting room.
Everyone present was astute and naturally guessed that there must be Duke Edward's influence behind Andes' move.
However, this idea was so bizarre, bizarre to the point of bordering on absurdity, even the Duke couldn't be this reckless!
Bonds must be repaid!
This thing doesn't even try to pretend!
"This magic ink... the cost must be frighteningly high," a gold shop owner sniffed the paper money closely, frowning and said, "And, as long as it's magic, it can surely be cracked; what about confidentiality?"
This was the first doubt.
A more technical doubt.
Andes calmly replied.
"The cost of this ink lies in the research and development, not the production. As for confidentiality, rest assured, we will regularly upgrade encryption technology, as long as we develop faster, forgers will have no profit."
In addition, he explained the accounting transaction method Mr. Colin had discussed with him, as long as large capital transfers occurred between banks, combined with the enforcement of violent agencies, they could minimize counterfeiting possibilities.
Completely eliminating isn't too realistic, but like bad debts on loans, as long as the ratio is pressed low enough, it is completely acceptable.
This answer barely quelled some concerns.
Soon though, a more core issue was raised, one that Andes himself once doubted.
A veteran banker knocked on the table, shouting loudly.
"What makes our market recognize this paper? Will our citizens, upon having it, be able to exchange it for the salt they can't afford from merchants? Mr. Andes, the credibility of gold coins has been forged over a thousand years, why do you think this paper can replace it?"
This statement resonated with many, and the tide of opposition reached its peak at this moment. Observing, there was almost no one in favor around the table.
Edward could talk about patriotism; the Duchy was his.
Andes could talk too, after all, they were long tied to the Campbell family, or rather bound to Edward himself.
If Erin were to come, they'd breathe a sigh of relief, but if Jelock came here, they'd be the first batch to be slaughtered as spoils!
However, it's different for the others present.
As long as they packed the Imperial gold coins on a ship, they could go anywhere and start anew, at most it would be somewhat regretful.
Andes surveyed the audience.
He knew success or failure hinged on this.
"By me personally."
He said word by word, not loudly, yet instantly overpowering all the noise.
"I declare, my Andes Bank will set an example in issuing the 'silver pound'."
"From tomorrow, any person, at any time, can take this 'silver pound' to any branch of Andes Bank and withdraw the full amount in silver coins minted by the Campbell family... the exchange rate is 1:1, with no upper limit!"
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