07. Birth of money (2)
“Do not lie! What nonsense is that?”
The children who had gathered near the fence to catch the marten did not believe what Andrew had said.
“If you work in Banco, you should definitely bring money. What kind of paper did you get? I can’t understand.”
“Is that real paper? Not a talent?”
“Yeah, what kind of deed of borrowing are you talking about? I said earlier that it could be money.”
“Proof of borrowing? What is it?”
“I’m also hearing it for the first time.”
“Andrew, didn’t your brother get scammed from Banco?”
According to their common sense, only gold and silver coins were real money, not the unidentified IOU that Andrew’s older brother Rockefeller brought as his first salary in Banco.
“I think I was really scammed.”
“Do you think so too?”
Then Andrew put on a confident expression.
“Don’t worry, it’s not a scam. If you take it to Banco, they will immediately exchange it for gold coins.”
“Is that real?”
“Isn’t that a lie?”
Andrew grinned in return.
“My brother works in Banco, and of course it’s real. Or why would my brother bring such paper money from Banco?”
“Wow, that’s amazing. So, if you go to Banco with it, you will immediately exchange them for talents? So it’s like money, isn’t it?”
“right. If you change from banco to talent, it’s money, right?”
As if waiting for him to say that, Andrew gave him a smirk.
“Of course it is money! Or did I say money? let it go My brother said that people will use that paper like money in the future? We’ll see if that’s true or not.”
Like Andrew explaining new money to his peers.
Rockefeller, who stopped by the market for necessary goods, was doing the same hard work as Andrew.
However, the difference from Andrew was that he directly bumped into people and tried to use his Gold IOU as if it were money.
“… … What is it?”
It was something in paper that Rockefeller, who had tailored his clothes at the tailor’s shop, paid for.
His reaction was so natural that Rockefeller did not change his expression and began to explain the new IOU he had given him.
“I got it from Banco instead of my paycheck. You said earlier that instead of talents, you would accept Banco’s deed of loan, right?”
In the case of a tailor-run shop, it was a place where a lot of money came and went compared to other shops, so it was a place that accepted Banco’s IOUs like money in addition to the talent transaction.
“It should be… … .”
There was a reason his expression was not good.
The reason Rockefeller offered was because it was a completely new IOU, not the usual IOU.
“Our store accepts IOUs, but… … This is the first I have ever seen.”
Hearing this, Rockefeller began to explain the IOU of 1 Gold as if he had been waiting.
After hearing that explanation, the tailor asked with a surprised expression.
“Does the Lord guarantee this?”
The existing 1 IOU was directly guaranteed by Banco.
But this time, the 1 Gold certificate of borrowing that Rockefeller gave is guaranteed by the lord, not Banco.
“Yes, to be precise, it was issued as collateral for the loan the lord gave to our store. So, to some extent, it is true that the Lord guarantees it.”
“That’s the word.”
The tailor’s expression, staring intently at the new IOU, was young with deep curiosity.
‘Does the Lord guarantee it? Not a banco contractor, but a lord?’
It’s a certificate of borrowing guaranteed by the lord, not just a banco contractor!
The tailor was still dubious.
“Isn’t that supposed to be a lie?”
“It’s a lie. Don’t you know I work in Banco?”
The tailor was also one of Carter Banco’s excellent clients, unaware that Rockefeller worked there.
“No, I know that you work there. It’s the first time I’ve seen something like this.”
“It just came out.”
A whole new form of IOU.
After thinking about it for a while, the tailor decided to check it out first.
As with the previous IOUs, there was no reason not to accept them if they could be exchanged for talents without any problems at Banco.
“First of all, you should go to your store and check it yourself, then get it. It’s a little too much for me to believe and receive your words right now.”
“Do whatever you feel comfortable with. Then would you like to follow me to the store?”
The tailor went to Carter Banco with Rockefeller to exchange the 1 Gold IOU from Rockefeller for talents.
Of course, there were no problems here.
Let me know what you think!