Chapter 61

Chapter 61. Domestic Affairs (6)

Thanks to Sergio’s emergency treatment in advance, and the desperate efforts of Mother and the volunteers, the chaos at the harbor quickly settled down.

All of the Dark Elf slaves had finished registration, and their assignments to the villages that would become knight manors had been decided.

The existing government-owned slaves would also be reassigned.

So we gathered their representatives and explained the relocation process and schedule.

At the end of the briefing came a meeting with me.

I offered the slave representatives a carrot.

“Some of you already know this, but once certain requirements are met, I will free you from slavery. You will still be tenant farmers, but you will gain freedom over your own bodies and the right to own private property.”

Contrary to my expectations, however, the slaves did not react with much excitement.

I wondered whether I had missed something.

One of the slaves explained their reality.

“Forgive me, my lord. The current requirement is to cultivate the assigned tenant farmland for a long period, so people are not very enthusiastic.”

“The plan is to free people gradually. On average, it will take around five years. Five years is not an extremely long time, and if food, clothing, and housing are provided, it should not be too difficult.”

If anything, I had been more worried about moral hazards such as deliberately working slowly.

The lack of enthusiasm made no sense.

“It may not be difficult for us, but even after five years, our children will still be slaves. And even after our children become adults, they must work another five years as slave tenant farmers before they can be freed. If only the father becomes a free citizen, it will feel like we have committed a sin against our own children.”

I looked at Diego with an expression demanding an explanation.

Diego panicked for a moment, then hurriedly explained.

“In most Northern Continent countries, if the father is a slave, the child is also a slave. And even if the father is freed, the child remains a slave.”

My head hurts.

I temporarily stopped the meeting and gathered my chiefs.

“We need to rebuild the slave policy from the beginning. At this rate, we’re only creating confusion.”

I was not freeing them because I wanted to abolish slavery out of some grand ideal.

Compared with free citizens, slaves produced far less per person.

They lacked creativity and ambition to improve their lives.

And just because a slave brand had been engraved on them did not mean they suddenly worked like lunatics.

For now, the income created by government-owned slaves was sweet.

But in the long run, it would be more profitable to free them and let them participate actively in the economy.

That was why, excluding criminal slaves serving labor sentences, I planned to gradually turn them into free citizens.

I had not realized a system like this existed.

Martin misunderstood what I meant.

“Are you planning to show mercy to all of them?”

“No. If I free everyone at once, forget profit, all I’ll get is a growing poor class and resistance from the existing powerful groups. For now, let’s only fix the unreasonable parts. Chloe, what do you think?”

“From what I can see, those slaves have no motivation to work. As heads of families, they have no hope. Why would they work hard?”

“Pascal, what’s the policy in Westfalen?”

“If even one parent is a slave, the child is a slave.”

“Ugh. Nothing useful to copy this time.”

Until now, most territorial laws and administrative procedures had been copied from Westfalen.

This time, there was nowhere useful to borrow from.

“There’s no real alternative. We’ll just have to free the children.”

Diego added worriedly,

“If we free all slave children at once, the burden on slave owners will increase. There may also be a custom of early marriage among the children of slaves. They could separate households early in order to accumulate property while working as free tenant farmers.”

One problem after another.

After thinking for a while, I returned to the meeting hall and announced my decision.

“From this moment onward, the Hereditary Slave Law is invalid within my territory. In addition, the slave brands of all children with no criminal charges will be erased immediately, and they will be exempt from the poll tax until adulthood. However, while children of slaves may marry early, they may not establish independent households before the age of nineteen.”

Cheers erupted through the meeting hall.

Hearing the slaves shout praises for their merciful lord gave me a small sense of satisfaction.

At the same time, I wondered how I was going to deal with resistance from the existing powerful families and from neighboring territories.

* * *

Several days later.

Administrator Ricardo came to my office.

“After we announced that the slave brands of slave children would be erased, applications for brand removal and registrations as territorial residents suddenly exploded.”

“That’s only natural. And even newly registered residents are not exempt from income tax, so keep educating them and make sure they pay properly. They’ll definitely find some kind of economic activity.”

“Yes, my lord.”

“By the way, how is the One Heart Society reacting? Tell me honestly.”

The One Heart Society was a private organization of minor noble administrative officials.

I had once tried to break it apart.

Now it had transformed into a flower arrangement club.

All of its members came from influential local families, and many owned private slaves.

Naturally, they might strongly oppose the new slave policy.

“...There is some dissatisfaction. The labor of slave children was a fairly important part of their workforce. Now that the children are no longer slaves, they cannot force them to work and must still provide food.”

At least they were feeding them.

Whether it was pity, honor, or simply saving face, I was glad they had some reason to treat the children properly.

“Let the children continue doing the work they used to do, but pay them wages. Deducting reasonable food costs is fine.”

“How much should we pay them?”

“Enough that I won’t get angry.”

“......”

Come on.

You should understand that without me spelling it out.

“What if they refuse to work?”

“Leave them alone. Forcing free citizens to work violates kingdom law.”

“Yes...”

Ricardo looked depressed.

The other local influential families were probably pressuring him to ‘convince the lord.’

If I crushed their complaints with nothing but the lord’s authority, I would not be able to expect their cooperation with future policies.

I needed to give them a carrot.

“Ricardo, have you thought of any way to calm their complaints?”

“Actually... the territory is developing rapidly, but it is difficult for people like us to personally benefit from that growth.”

“What do you want me to give you?”

Ricardo carefully tested the waters.

“You acquired many pirate ships, didn’t you?”

“You want me to sell you ships?”

“Yes. We will operate them diligently and maximize tax revenue.”

I had expected something like this and had already considered it.

So I gave him a positive answer.

“Hmm. It’s true that privately operated ships would be more efficient.”

Ricardo’s expression brightened.

“We will pay the proper market price for the vessels!”

“I’ll sell them for ten to twenty percent below market price depending on their condition. But do you even have enough money? Ships are incredibly expensive.”

“We plan to pool investment shares, like other shipping companies. And there are many people outside the One Heart Society who want to participate.”

Apparently, the powerful local figures had already been discussing this among themselves.

They had probably been waiting for an opportunity to suggest it to me.

Anyway, it was not a bad deal for me either.

Managing all those former pirate ships was wasting manpower and overloading several administrative officials.

The sale price would provide a large amount of immediate cash.

Afterward, I could expect regular tax income.

As a bonus, criminal slaves working as crew members would still provide labor income.

“I’ll discuss it with Captain Adrien and create a list of vessels to sell. Gather as many investors as possible.”

“Thank you, my lord!”

Ricardo repeatedly bowed at the waist with an emotional expression.

I grant manors to knights.

I sell pirate ships to officials.

Knights will gather from all over.

Officials will gather investors.

Everyone will praise me for my merciful policies because no one has anything to complain about.

Right now,

I am witnessing the miracle of money creating loyalty.

* * *

Meanwhile, around sixty people moved from Veneto to establish the Marcel branch of Rosso Bank.

About twenty were employees.

The rest were their families.

I invited the employees to the lord’s residence and thanked them for enduring the long sea journey.

Then I asked the middle-aged man appointed as branch manager,

“Have you planned any special business for the Marcel branch?”

“In the Marcel Territory? Not particularly. We will simply handle bonds and loans diligently.”

He was looking down on Marcel as some rural backwater.

From what I heard, this branch manager was a father living away from his family.

He probably intended to serve out his term and return to Veneto.

“This bastard is fucking unmotivated.”

“...Pardon? What did you say?”

“You’ve got some nerve talking back to the second largest shareholder. Did you forget I’m also the grandson-in-law of the Grand Duke?”

The branch manager apparently came to his senses.

He answered within 0.1 seconds.

“I, I apologize!”

Watching him bow repeatedly while sweating made me sigh.

He was the classic type who had been completely soaked in bureaucratic organizational culture.

All he cared about was protecting himself.

Strong against the weak, weak against the strong.

If I had treated him kindly, he probably would have tried to climb over my head.

I pointed through the window.

“See that training field?”

“Yes.”

“Run ten laps. I’ll watch to make sure you do it properly.”

“Yes!”

The branch manager immediately ran outside, his silk clothing and excessive jewelry flapping everywhere.

The employees lined up behind him straightened their posture after witnessing the sudden incident.

“If any of you think the same way as that bastard, hold hands and go run ten laps together.”

The words struck them like lightning.

The employees looked at one another.

Eventually, one cautiously raised a hand.

“Viscount Marcel, I recently prepared a report. If you give me time, I can bring it immediately.”

Their lodging was near the harbor.

Far away.

This was not a PowerPoint presentation.

I had no desire to wait for handwritten papers.

“How long is that going to take? Just present it here.”

“Yes.”

Even the lowest employees of Rosso Bank were highly educated.

They should have already analyzed Marcel’s situation and prepared investment plans before coming here.

I had some expectations.

Let’s see what kind of brilliant vision you can present.

However, contrary to my expectations, the employee began with a pessimistic outlook.

“...Therefore, wheat will once again begin circulating through the Southern Continent route now that the pirate threat has decreased. This will reduce cargo volume passing through Marcel Port. For that reason, I do not recommend investing in Marcel shipping companies. Instead, considering the expected rise in real estate values caused by population growth...”

The Catalonia Territory currently imported Franche wheat through our mutually beneficial free trade agreement and resold some of it to nearby territories.

However, after I destroyed Pirate King Luca and accepted nearly all the Cagliari pirates into Marcel, the Southern Continent sea route had become much safer.

This meant tribes from the Southern Continent that had previously struggled to export wheat could dump it at low prices into Catalonia.

So Franche wheat will lose its price competitiveness.

I interrupted the briefing.

“What would Franche wheat need in order to regain price competitiveness?”

“Outside political or military intervention, there is little we can do. Wheat is transported overland from Ronalp to Marcel, so the basic transportation cost is simply too high.”

“Damn it. Do I need to dig a canal all the way to Ronalp?”

“That is an excellent idea. If transport is shifted to ships, the price competitiveness would be sufficient...”

What the hell?

I was complaining.

Why was he treating it like a real proposal?

“Building a canal takes enormous amounts of time and astronomical amounts of money.”

“If we use the river for most of the route and only construct the canal beginning from the muddy wetland region, there would be enough value to justify it. We could hire a canal construction company.”

It sounded reasonable.

However, the straight-line distance alone was more than forty kilometers.

Even if I threw all the territory’s slaves and four golems into construction, I had no idea how many years it would take.

“That would be an extremely long canal. It would take too long before it started producing profit.”

“Um... The company I mentioned is actually operated by the Roches Mage Tower in Le Capital. The problem is the price, not time. They could complete that distance within several months. Our Empire has already commissioned Roches Mage Tower to build two canals.”

So what he was really saying was, spend a mountain of money.

And probably an absurd mountain.

Magic was expensive.

If the Empire itself had to commission them, that said everything.

There was no choice.

Even if it meant taking risks, I needed to begin the new business project I had been planning.

“I’ll solve the construction cost problem soon. You think about what role Rosso Bank can play once the canal is operating. Continue the presentation. Skip the real estate investment section.”

“Yes, Viscount. Next... futures contract trading has recently become popular in Lisboa. It began with the advance Canada transactions you personally created. People started buying and selling contracts for future Canada deliveries...”

So futures trading had spread like a fashion in Lisboa after my Canada bombing operation.

“You’re suggesting we establish a derivatives exchange in Marcel?”

“Ah! I had not considered creating a separate exchange, but that sounds like an excellent idea. If Rosso Bank leads it and guarantees the stability of transactions... however, I’m not sure how we would generate profit.”

“Standardize contract units and charge transaction fees per contract or according to the value. You could also issue and sell derivatives directly.”

“Ah! As expected, Viscount Marcel truly is an incredible inventor.”

Embarrassing.

It was only shallow knowledge from my previous life.

“Design an exchange that can also trade company shares and write a report. Rosso Bank has its own internal rules, but don’t forget that I am the grandson-in-law of its largest shareholder.”

“Of course, Viscount.”

I had somehow ended up abusing my position.

Welcome to the tiny company called Marcel.

“Huff, huff, I finished ten laps.”

Right on time, the branch manager returned.

“Hey, Branch Manager. That employee seems quite capable. Promote him. How about Deputy Branch Manager?”

“That man is... a low-level employee.”

“Ten more laps.”

“Gah! Viscount, please forgive me just this once!”

“Fifteen.”

The branch manager silently ran outside again, his gold necklace bouncing around his neck.

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