Chapter 135: Get rich? Start with appropriation **

Franz has a sense of national responsibility. In order to raise war funds for the Kingdom of Prussia, his emperor took the lead in donating one million dongs and deposited it into the Royal Bank of Austria.
(1 shield ≈ 11.69 grams of silver)
Soon Austria ’s nobles, businessmen, students, etc. all scrambled to donate, but these funds were not directly transferred to the Prussian government, but were deposited in the Royal Bank of Austria.
That's right, this Royal Bank of Austria was just scammed by Franz. Its main business is to collect donations from the people, and at the same time monitor the money used in the defense of the Principality of Schleswig-Holstein.
The Prussian army now stretches across the Jutland peninsula, which has exceeded this boundary and does not meet the conditions for enabling this donation.
What the Prussians think of Franz doesn't care. Anyway, he is very happy now. The Royal Bank, which has a registered capital of only one million dongs, has absorbed nearly 30 million dongs of deposits in one month.
It's just that the bank issued a receipt to the donor. All donations are used in proportion. If they are not used up, they will be refunded.
In order to show his patriotic manners, the Royal Bank did not even charge the most basic handling fee, and it was completely free of charge.
Since it is a donation, interest naturally does not exist. Before this huge fund was launched, Franz had another working capital.
Holding a large amount of cash in your hands does not move, which is a crime, so Franz changed hands and issued a loan to himself to invest in the construction of a comprehensive food company, and by the way purchase a lot of good quality mines.
This year, gold and silver can be used directly as currency, and gold and silver mines are naturally very valuable, even if Franz is an emperor, it is not easy to get them.
In contrast, iron, coal, lead, zinc, manganese, rare earth and other minerals are much cheaper. The industrial revolution is still ongoing. Even the most basic coal and iron consumption are very limited. Many rare minerals are now The industry is not used at all.
Franz also didn't bother to go to the tiger's mouth, taking advantage of the fact that these resources are now worthless, and to collect the valuable minerals in the future in advance.
Unfortunately, the Austrian empire did not have huge mines, otherwise this wave could be eaten for a lifetime.
In short, now that you have money in your hands, you can buy and buy everywhere. When other people invest in mining, they must first consider transportation issues.
Franz doesn't consider that much, as long as the quality of the mineral products is sufficient and the reserves are sufficient, is the traffic problem a concern?
Others don't know, can he himself not know? The Austrian government will not be long before investing heavily in domestic infrastructure.
It seems that there are no mines with development value. As soon as the road is repaired, the value will be doubled. Coupled with the advancement of industrialization, the demand for mineral resources will increase, making it difficult to get rich.
In a short period of more than a month, more than 5.8 million dongs were spent, and the scared Franz quickly quit. Even if embezzlement of public funds, there must be a limit?
If all of this huge sum of money is spent by a brain, and it is found out, how will it end?
The Habsburgs have assets that do not have so much cash. Even if Franz is an emperor, it is difficult to borrow so much cash in a short period of time.
Franz just had to embezzle a part of it, because after all, he opened a bank. If it weren't for the current shortage of staff, Royal Bank would have begun to siege the city.
A bank with 30 million huge sums is a giant in this era. When it comes to cash flow, it is definitely the largest bank in Austria, and it also has a high ranking in the world.
At present, the Royal Bank of Austria has opened more than 30 stores in total. In terms of scale, it can only be regarded as a small and medium-sized bank, and its business outlets are concentrated in several large cities in Austria.
John Stewart was originally an executive at Austria's No. 1 Savings Bank, and was valued by Raul to serve as the bank's first industry.
It wasn't until this time that Franz realized that the Habsburgs had shares in many banks, and he didn't bother to care how they came.
Anyway, there are supporters behind any bank, otherwise in this era, or even earlier, it is not easy to survive.
"Your Majesty, the Royal Bank is ready to be put in place, and it can absorb foreign reserves." John Stewart said nervously.
"For banking issues, you are a professional, and your management has decided on this issue yourself. In a short period of time, Royal Bank will not carry out external loan business." Franz said blankly.
I have misappropriated such a large sum of money, but I have to return it. God knows how long the Prussians can persist, and once the Prussian government makes a compromise, these money will be returned.
"Yes, Your Majesty," John Stewart replied.
"You estimate how much of these donations can be converted into our savers? How much money will be left?" Franz asked with concern.
"Your Majesty, our bank interest is set with reference to the average level, but Royal Bank is far superior to any competitors.
About 20% of the donors will become our users, because government donations account for one-third of these donations, and the remaining funds may be around three million dongs. John Stewart thought about it
Don't think that three million dongs are less. In this era, people have not the habit of depositing money in banks. Most aristocrats are used to stacking gold coins in the basement.
There are also thresholds for opening a bank account. For example, the threshold set by Royal Bank is one hundred and fifty shields. Below this number, sorry, this is not for you.
The total savings of the Austrian Empire in 1848 were less than 100 million dongs, and three million dongs were left behind, which accounted for more than 3% of Austria's total savings.
Franz also thought about reducing the limit of account opening conditions, but considering that this requires a large number of counter personnel, but also increases management difficulty and operating costs, he gave up decisively.
Banks are also compelling. In this era, the middle and upper levels of the society were all in and out of the bank. Once restrictions were opened, a large number of people from the bottom came in. If these quality customers ran away, they would have no time to cry.
The Austrian people are too poor to save a dozen guilders a year, which is considered a good income. In this context, the possibility of running a business at a loss is too high.
"Okay, as soon as you go back, you will start the storage business as soon as possible. All salesmen must be strictly trained, and everyone is required to treat every customer with courtesy." Franz ordered
"Yes, Your Majesty," John Stewart replied.
At this time, the attitude of bank service personnel was not bad, because of the restrictions on the amount of account openings, those who were able to handle deposits with banks were basically middle-class or higher-level existence.
At the social level, bank staff do not have a high sense of superiority, and naturally there is no such thing as discrimination.
Coupled with being a private bank, everyone is struggling for performance. Promotions with good performance and leave with poor performances. Want to lie down and dream!
Franz is concerned but chaotic. Now he still has a hole to fill?
The Habsburgs didn't have the arrogance of cashing out millions of dongs at any time. Royal Bank was still his personal property. Franz didn't want others to follow suit.
Now that Royal Bank does not lend to outside parties, it is not that he does not want to do this business, but he dares not to do it. In case the Prussians persuade him tomorrow, he will immediately usher in the peak of withdrawal.
For these donations, the Royal Bank promised a special fund for use. If the money could not be withdrawn, and the donations were misappropriated, the credibility damage would be great.
It's impossible to keep secrets. No one breaks through the window paper now, it's Franz is the emperor, and no one dares to do this.
Also, they don't know how much Franz has misappropriated. If the number is small, it is not difficult to fill the hole. At that time, the crime of making rumors and damaging the emperor's reputation would be dead.
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