Clan Rise: Starting as a Grandfather

Ultimately, aside from the General Mansion, no other government office is allowed to borrow Silver from the Chongshan Bank.

After all, Yang Zhenshan treats the bank simply as a place to borrow money, whether it is to attract deposits or exchange silver notes, everything the bank does is to serve the General Mansion.

The reason why the General Mansion needs to pay interest to the bank is to prevent it from running into financial difficulties, as currently, the Chongshan Bank doesn’t have any source of profit, yet it still has to pay interest to depositors.

Besides the bank within the Chongshan Pass, over the past month, branches of the Chongshan Bank have also been established in various state cities and county cities of Chongshan Town.

However, compared to the bank inside Chongshan Pass, these branches bring in considerably less Silver.

The branches in several state cities are slightly better; at the beginning of their operation, they could bring in up to ten thousand taels daily, eventually stabilizing at around four to five thousand taels per day.

As for the branches in county cities, their daily turnover doesn’t even reach a thousand taels.

This is normal; state cities still have many officials and merchants to support the bank’s operations, but county towns are left with just some small merchants and landlords, so it’s quite normal to have less Silver coming in.

With the Chongshan Bank on the right track, the General Mansion’s reserves of Silver have become ample. Although still far from the tens of millions of taels of Silver that Yang Zhenshan needs, at the very least, the General Mansion does not lack Silver for the time being.

Large amounts of Silver from all over Chongshan Town have been transported to Chongshan Pass, and at the same time, a large amount of grain has also been brought into the storerooms of the General Mansion.

Seeing the increasing amount of grain being transported in, the General Mansion had to urgently build dozens of large granaries.