Chapter 340 The Cashing of Jihad Bonds
When the news of Moncruss’ victory came, the entire Kush Territory fell into an atmosphere of joy.
Madelan, the Chief of Truth, specially arranged several carriages to post announcements and commendation lists along the road to various villages along the way.
Looking down from the sky, next to the bulletin list in almost every hundred-household district, there is a literate person reciting the list.
Every time one is read, a family member of the monk stands up proudly, pats his chest to the villagers and relatives around him and says, "My son/brother/grandson!"
For a country where news is closed, this is the first time that they can receive it so quickly, which is also a novel experience.
Looking at the empire, for some lords and their subjects, they did not know that the war was coming and they did not know that the war was over.
Even they were killed by the invading enemy, and they don’t know why?
Compared to the after-dinner chats in the countryside, the atmosphere in the city is more lively.
At Castle Joan of Arc, people spontaneously bought colorful flags and hung them on the eaves. If a businessman arrived at this moment, they would probably think it was some kind of festival.
Especially the workshop owners and bond buyers who made their fortunes through this battle, when they saw the wounded soldiers coming back, they really wanted to kneel on the ground and kowtow to them.
You know, after this battle is over, the value of the bonds they purchased will be equivalent to three to five times. That is a profit of 300% to 500%!
When Horne clears out non-performing assets, he invites specialized businessmen to evaluate them and then sell them at the average market price.
But if you use bonds, you can spend 1 yuan as 3 yuan or even 5 yuan. Isn’t that a 30% discount or even a 20% discount?
And this so-called "non-performing asset" is not really non-performing, but assets and real estate that are poorly managed by The Salvation Army.
As long as you replace it with knowledgeable people, the benefits will start immediately.
The rest of the things that the Papal Palace can manage, such as furniture workshops, houses and dyeing workshops... are all operated by Horn's hired personnel.
However, compared with the past, the lives of the workers in these workshops are much better than before.
Under the restrictions of the Labor Law, their maximum wages are limited, and there are labor shortages everywhere, because the income from being a laborer is not as good as paying taxes for farming.
However, after Horn came to power, he repealed the wage restrictions of the Labor Law, and also repealed the Fugitive Slave Law to lift restrictions on the labor force.
Of course, since the land was divided, everyone still decided to farm, and the labor market was still relatively short, so workers generally had their wages increased.
The daily salary of a bricklayer is almost 1 dinar, nearly double what it used to be.
In addition, Horn is also promoting the "Labor Safety Law" to force workshop owners to pay one year's wages of workers as pensions to their families when workers die on the job.
You know, in the past, conscience-stricken workshop owners would have paid some funeral expenses and hush-hush money, while unscrupulous ones would have asked for lost work pay from the family of the deceased.
Currently, Horn has summoned many workshop owners and many teaching scholars from Kasha County to discuss this matter.
This matter has attracted widespread attention among labor groups, but among citizens and craftsmen groups, it is the religious property auction that has attracted the most attention.
The bidding will be a sealed auction, starting at 9 am and ending at 12 noon.
When the bell tower rang twelve o'clock at noon, the two brothers Palak and Grosien walked out of the auction meeting with satisfaction.
In this auction, they not only won the fish pond, but also missed two horses and farm tools.
After walking out of the gate of the Holy See Bank, Palak looked at the people passing by and waved to everyone who walked out with satisfaction.
"Friends, I suggest that we wish the Salvation Army victory here, how about it?"
"Victory! Victory! Victory!" People passing by echoed.
Turn around, Palak looked at Grosien who was carefully holding the box and walking along the edge of the street, and shook his head helplessly.
“Don’t worry!” Walking forward, Palak patted the box, “The Papal State, the Salvation Army, and we each have a copy of the land deed. The names of the owners of the fish pond are both ours. The land deed was robbed. What's the use of leaving?"
"It's a lot of money to replace it," Grosien said sadly.
Palak turned his head and was about to speak when he saw a familiar figure in the crowd.
With no time to pay attention to Grosien, Palak rushed out with a strong stride, knocked many people away, and suddenly grabbed the man's sleeve. The face under the hood looked up in shock, but it was Squire whom he hadn't seen for a long time.
At this time, Grosien held the box, squeezed through the crowd and rushed: "Palac, why are you running, you...Squire?"
Palakpi looked at him with a smile: "Oh, I happened to meet you here. Are you going to play dice? I'm waiting for you to play a few games with me."
"Hahaha, yes, long time no see." Squire used his muscles to show a ferocious smile, "I don't play dice, I just run errands and deliver letters."
Unlike Grosien, Palak is a A man who is determined to retaliate will not easily let go of this villain who has repeatedly caused trouble.
Seeing Squier's tendency to run away, he grabbed Squier's wrist with his backhand: "Don't leave, I have good news to tell you."
"What, what's the news?"
"We just bought the monastery's fish pond for 1,050 dinars! What a risk, the second highest price was only 30 dinars lower than us, and this fish pond almost cost us 1,050 dinars. It fell into someone else’s hands.”
The method used by Horn is the Vickrey auction method. To put it simply, it is a hidden bid auction and then sells it at the second highest price.
For example, Grosien's bid was 1,100 dinars, the highest price in the audience, and he won the fish pond.
The second highest price was 1050 dinars, so even though Grosien bought it for 1100 dinars, he only had to pay 1050 dinars.
In addition to selling these real estate properties to cash in old bonds so that new bonds can be issued, Horne also hopes that these poorly managed assets can be properly operated.
Using the Vickery auction method, from the perspective of game theory, the optimal strategy is to quote based on your true valuation, which can allocate resources in the most reasonable manner.
Unless someone makes a private connection before bidding, but if anyone dares to do this, don't blame the gendarmerie for coming.
Looking at the small box that Grosien held tightly in his arms, Squier's face was horribly ugly: "Holy Lord bless you! You are so lucky."
"Thank you "I'll kill you!" Palak patted Squier's shoulder hard, "If you hadn't helped us fill out the form, how could we have won this fish pond?"
Squier gritted his teeth! His teeth clenched, and a stream of blood called jealousy surged to his forehead. He only felt something stuck in his throat, making him speechless.
“Hey, I heard that you work as a scribe and live on only two or three dinars a week. You run errands and copy books every day. How about you come over and work as a helper for me?”
He said this, but Palak would not really let him work as a helper.
The two of them have a grudge. How can we rest assured? This is just a mockery of Squire.
Of course Squire knew it in his heart, but his teeth were almost broken, but he couldn't do anything.
At this moment, he wished he could turn back time and slap his past self twice.
If I had known, I should not have informed the knight, and if I had known, I should not have filled in Grosien's application form, if I had known...
Damn it, Holy Lord, why do you let your devout believers fall into the position of being bullied by untouchables!
The more Squier thought about it, the more miserable and angry he became, and his whole body could not stop shaking.
"Grrrrrrrr-"
Palak heard a gurgling sound in Squire's throat, and then Squire opened his mouth and shouted: "Hey!"
Then he closed his eyes tightly and fell to the ground with a pale face.
Palak was so frightened that he jumped three steps away. Seeing that Squier was silent, he picked up a branch and poked Squier in the face.
Palak breathed a sigh of relief when he saw Squire's breath blowing the leaves on the branches.
At this moment, people who had just come out of the Holy See Bank noticed that there was a lot of excitement, and they all put their arms around each other, stood on tiptoes, and looked this way.
Seeing the people around him gathering around him, Palak quickly explained: "Everyone saw it. I didn't touch him. He fell down on his own!"
He shouted twice and left. After clearing the relationship, he saw several night watchmen in black running towards him. For fear of getting into trouble, Palak quickly grabbed Grosien and fled the scene.
(End of this chapter)