Chapter 48 Overhead This round the old fox won again, and when it comes to prevarication, who can compare to the old and immortal bastards of the House of Lords, the bureaucrats who are afraid of the budget book, will probably have to deliberate on the budget book for several months, and when this budget is actually implemented, it may be three years later.
Von Herr watched Gibson retreat in a big way, and said angrily to the Grand Duke: "Grand Duke, I am loyal, it is completely for the sake of the safety of the principality, the Grand Duke of Butani is a wolf, he is constantly expanding, and his plans are very big, I am afraid that our Norman Duke is his primary target, we can't sit idly by."
The Norman Archduke was violent and politically mediocre, but he was still very concerned about his own power and the security of the homeland.
But in state affairs, there are many times when he is also weak, and the Norman Archduke does not think that he has enough power to influence the entire noble house, unless he launches a purge by force, but it is difficult to predict whether it will be a blessing or a curse to use such extreme means to cut himself down when the princes are looking at him.
He spread his hands helplessly and said: "Feng, I naturally understand your loyalty, but we don't have any evidence to prove that Butani wants to use troops against us, so the House of Lords will not approve the proposal for emergency funding for the war."
You know, the finances of the Norman Duchy have always been in the hands of the House of Lords, and even my attempt to build a more luxurious Grand Duchy has been vetoed by them, and sometimes I can't do anything about it. ” Von Hull suddenly thought of a suggestion that Jedi, the owner of the Dewar goldsmith's shop, had made to him many times, and it might as well be brought forward at this time, and if the Norman Archduke could agree, they themselves would probably bypass the House of Lords and obtain sufficient financial support from other sources.
The Norman Archduke, a hot-tempered monarch who had always been subject to the House of Nobles, was also eager to get rid of this control and take supreme power over the duchy himself, perhaps to convince him.
Thinking of this, the Norman Grand Duke said: "The Grand Duke, I have a way to meet the needs of the immediate preparations for war.
In the long run, it will even free you, the great Norman Grand Duke, from the control of the House of Lords, when no one will be able to run to point fingers at you. ” Archduke Norman's eyes flashed, he slowly sat back in his seat, and said calmly: "General Hull, please sit down, I am very interested in this proposal, I need you to tell me in detail" The expenses of the government and the Grand Duke were all derived from the taxes of the Principality, which were established, levied and spent by the House of Nobles.
Others, such as national defense, foreign affairs, and administration, are all in charge of the Grand Duke, but the problem is that there is no need for money to do anything Therefore, the power of the Grand Duke was greatly restricted, and as long as he wanted to move money, he had to look at the face of the House of Nobles.
General von Herr advised the Grand Duke to pay attention to the goldsmith banking industry, which was currently playing an increasingly important role in the economy of the Norman Duchy.
Now, several large banks, led by Jedi Goldsmiths, have started agency financing business.
That is to say, some enterprises that are inconvenient to come forward on their own or whose economic conditions are not good, and whose own public bonds cannot be recognized by the market, are transferred to Goldsmith Bank for financing.
These enterprises provide property as collateral, and banks issue financing bonds in their own names to alleviate the capital needs of enterprises.
General von Herr's proposal was insidious, and the taxes of the Norman Duchy remained nominally wholly owned by the Grand Duchy, and the House of Lords was merely a courtier who designed, collected, and administered the Archduke on behalf of the Grand Duke.
This system has a long history, and most of the things that have a long history, whether they are valid or not, have become a habit, and even a strong monarch cannot do it in a short time, and the Grand Duke has no ability to dissolve the House of Lords or deprive the entire House of Lords of its management.
However, the ownership of the tax belongs to the Grand Duke, and no one can say that this is incorrect, otherwise it would be almost treacherous.
This can be used a lot.
Von Hull suggested that the Duchy's taxes should be used as collateral, and the Goldsmith Bank should issue bonds and issue a part of the gold receipts as a means of payment to meet the needs of the Grand Duke.
The advantage of this is that the House of Nobles, which has always constrained the Grand Duke, can no longer continue to restrain the Grand Duke's power.
The Grand Duke could leave aside the House of Lords and receive large sums of money directly from the banks, while the House of Lords, which had control over the finances, would be reduced to nominal existence because the ownership of the taxes had been mortgaged to the banks.
Von Herr finished the plan in detail and smiled: "We don't have any risk in doing this, in fact, you are just taking back the treasury controlled by the House of Lords in disguise."
Its new administrator will no longer be the old smuggling fellows of the House of Nobles, but a bank who will bow down to you. ” Archduke Norman's eyes were straight, and he was stunned for a moment before he tapped the armrest, and exclaimed, "Great, perfect plan, so that I will no longer have to be held hostage by the old fellows of the House of Lords." ” "But", he frowned, hesitating, "does a goldsmith's shop have the power to act as an agent for the entire duchy?"
Von Herr said: "Of course, a goldsmith bank does not have this ability, but the banking union has this ability."
Archduke Norman's face sank and he said: "Hull, don't forget, the president of the Goldsmiths Banking Association is Mel Gibson's nephew, so I just take my finances out of the mouths of a group of greedy old foxes and stuff them into the hands of a greedy old fox, and nothing has changed for me." ” Von Hull said lightly: "At this beginning, of course, you can't come forward, you can ask your eldest son to use his personal property as collateral to let a certain bank issue debts on his behalf, and gradually increase the influence of this bank, first promote him to the vice president of the banking association, and wait until he has the ability to compete with the fat pig attached to Mel Gibson."
Grand Duke, it is not so easy to remove Mel from his position, and it is not difficult to remove one of his banking chiefs with your power.
With a little bit of cleverness and a little bit of detour, we can solve the big problems that have been bothering you. ” When the Norman Grand Duke heard this, he smiled and said, "Yes, this method may be a try."
Hull, do we have bankers we can trust?"
A hint of joy flashed in von Her's eyes, and he hurriedly replied: "Your Excellency, as far as I know, the owner of Jedi Goldsmith is your staunch supporter."
Once again, the people of Baptiste saw the speed of Jedi's rise, and next to the sign of Jedi's goldsmith's shop, another new gold-lettered sign was hung, on which was engraved the coat of arms of the Norman Grand Duke, and next to it was written in gold letters: "Adrian's appointed agent".
The reputation of Jedey's goldsmiths was so high that in the summer, at the suggestion of the Grand Duke, he became the natural vice president of the banking association, almost on an equal footing with President Gibson.
Before Jedee was promoted to this position, in the eyes of President Gibson, he was also a pioneer and a thug-type figure in improving his influence in the banking industry, but when Jedey's status gradually caught up with him, Jedee could no longer hide his political leanings.
Jedei's current status and influence make him unambiguous on some occasions when he needs to take a stand.
Which faction it belongs to is expressed by ideas and actions, and if a rising figure wants to be left and right between the two powers, the only outcome is to be snuffed out by one or both of them.
Jedi was clearly on the side of the forces of the emerging aristocracy, capitalists, and the military.
The representative of this side is the military's General von Her, and behind the scenes, the Norman Archduke is also on their side, at least for the time being.
The new forces of the principality have a lot of wealth but low political status, and are often suppressed by the traditional aristocracy, when their wealth accumulates to a certain extent, they urgently need the cooperation and support of the political forces, and now Gedira has become the leader of Lord von Hull, and there is the support of the Grand Duke behind the scenes, they began to confidently begin to compete with the traditional nobles for dominance in various fields.
The personal relationship between Jedey and President Gibson has also changed from a honeymoon period of cooperation to a tense and hostile relationship in the banking industry
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