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47.36% World of Iron and Blood / Chapter 8: The Treasury

Chapter 8: The Treasury

The meeting stretched into the afternoon, but the advisors no longer looked as irritated as they had at the beginning. Each left the hall with different thoughts, but they all agreed on one thing: Alexander was not just a young prince.

Beneath his youth lay willpower, decisiveness, and a clear mind. As long as their paths aligned, each advisor was ready to follow him and see where this unexpectedly firm leadership would lead.

Illarion walked slowly down the corridor, his head slightly bowed. His face reflected a mixture of satisfaction and contemplation.

- The young prince has proven himself worthy, - he murmured. - Cautious and deliberate... He lacks passion, but perhaps that's for the best. Time will tell who among us is right

He felt respect for Alexander but also realized that the Church's influence could weaken if the prince began prioritizing his own decisions over the council's. Illarion was prepared for a subtle game to prevent that.

Ignat walked with confidence, suppressing a faint smile.

- This boy knows strategy, - he thought. - I didn't expect that from him. Knows how to keep his composure. Well, we'll see how he acts in battle

His hand instinctively clenched into a fist. His thoughts turned to the upcoming tasks: organizing garrisons, patrols, and mobile units. He evaluated Alexander as a commander but not yet as a ruler.

Oleg, the last to leave, looked grim.

- More expenses... - he muttered, crossing his arms. - Fine, I'll take the plan to the treasury and then continue preparations for the coronation

His mind was already occupied with recalculating the budget. He knew the merchants would be displeased about contributing 10% of the plan's cost, but they would agree if it secured their profits.

Dobrynya paused at the hall's exit and turned to look at Alexander. His eyes reflected a mix of pride and confidence.

He had served under Izyaslav, the eldest son of Yaroslav the Wise, but Izyaslav had left the world quickly, as had the other princes. Dobrynya no longer knew what would become of Kyivan Rus', but Alexander, the most reserved of Yaroslav's sons, had survived and, as he saw, was wise and surprisingly confident.

- Prince Alexander may prove to be a worthy son of his father, - he thought. - The determination in his eyes commands respect

Dobrynya saw in Alexander a ruler ready to take responsibility, which solidified his loyalty.

Stanislav, walking behind Dobrynya, appeared deep in thought. Alexander's first council had gone smoothly, with no major issues.

- If the prince continues like this, he has every chance to become a great ruler, - he thought.

Stanislav decided to wait for Alexander near the entrance to discuss the meeting and the young prince's future plans, offering advice or real assistance where needed.

- Well, we've discussed the fortification plan. Now it's time to implement it. Next, we'll focus on the economy and the army. But first, I need to know how much money I have at my disposal. That means a trip to the treasury

Alexander left the council hall, feeling slightly tired but full of determination to move forward. At the door, Stanislav awaited him, surrounded by guards.

Nearby stood Mstislav and Mirnomir, who bowed when they saw the prince. Stanislav greeted Alexander with a calm yet attentive gaze.

- How did you find your first council, Prince? - Stanislav asked, crossing his arms.

- Stubborn, like horses in the mud. Each thinks their opinion is the most important. Everything would be simpler if they could listen to each other, - Alexander said, shaking his head as he recalled the heated arguments and skeptical looks.

Stanislav smirked slightly, with restrained warmth:

- Politics, Prince, has always been a game of the stubborn. But you handled it better than many expected. And now, what's next? Will you visit the library or have lunch first?

- No, - Alexander shook his head. - I want to go to the treasury. I need to know how much we have in funds, income, expenses, and how much free capital I can use

Listening to Alexander, Stanislav nodded approvingly:

- That's right. You still have much to learn. If you don't mind, I'll accompany you

- Of course, but soon I'll know everything, - Alexander replied gladly. - Lead the way

Stanislav gestured for him to follow, and together with the guards, they headed to the treasury. As they walked, Alexander posed a question that had been troubling him since the council began:

- At the meeting, I didn't see Myroslav or the head of intelligence. Why were they absent?

Stanislav paused for a moment, then answered:

- Myroslav, as you know, is the head of diplomacy. He's currently returning from Constantinople. I believe he'll arrive just before your coronation. As for the head of intelligence... his situation is entirely different. No one, except your father, knew much about him

- No one? Not even you? - Alexander was surprised, realizing they were talking about someone who had been his father's shadow.

- No one, Prince, - Stanislav confirmed. - Grand Prince Yaroslav never revealed his identity or abilities to anyone. But I can tell you this: with his help, the Grand Prince knew everything happening around him and more. If he truly exists, he will find you when he deems it necessary

- Find me? When he deems me worthy? Interesting... - Alexander pondered but then smirked and added: - I'd like such a professional to serve me, but if he's unreachable, it's better to find someone new

Stanislav smiled, shaking his head:

- Such a man, Prince, is not just an intelligence head. He's the best. If he truly exists, he's hard to replace. But I think you don't need to look for him. Simply do your duty, and he'll contact you if he decides it's necessary

Alexander frowned, reflecting on Stanislav's words. - If he really exists and is that extraordinary... his value is immense.

But even so, if he couldn't enlist him, what was the point of his unmatched skills? If he didn't appear within the next year, Alexander would appoint a new head of intelligence.

- We've arrived, - Stanislav said, interrupting Alexander's thoughts.

The treasury was located in the western part of the princely palace, housed in a fortified wooden building guarded at the entrance.

- Greetings, Prince, Counselor Stanislav - the guards at the treasury entrance immediately welcomed them.

In front of them stood massive treasury doors adorned with intricate carvings. Alexander felt his thoughts on finances, expenses, and income beginning to coalesce into a plan.

If he had precise information, he could begin reforms to strengthen Kyivan Rus'. The question was how to use the available resources effectively.

After greeting the guards, they entered the treasury.

Inside, the air smelled of parchment, resin, and metal from freshly minted hryvnia ingots neatly stacked in the vault.

At the center of the hall, under massive arches adorned with OldRussian script, sat the chief treasurer. His gaze, sharp as a spearhead, darted across the scrolls. Around him, like sentinels, were scribes bent over their parchment. The hall was filled with sounds - the scratch of quills, the rustle of paper, and the faint crackle of candles illuminating the carved beams.

As Alexander and Stanislav entered the hall, all the scribes rose at once, and the treasurer stood first, bowing low.

- Prince, Counselor Stanislav - he said calmly but with respect. - An honor to see you in the treasury. How may I serve you?

Alexander nodded in greeting and immediately got to the point. His voice was confident.

- Good day. I would like to see an accurate report on the state of the treasury. How much do we currently have, what are our incomes and expenses, and how much net profit remains?

- Of course, Prince. Please, step to the table - the chief treasurer motioned to a large oak table covered with scrolls and figures.

Unrolling the largest scroll, he began reporting clearly and professionally, as if every word weighed as much as a silver hryvnia.

- At present, the treasury holds assets estimated at 125,000 hryvnias. However, it is important to note that this is the total amount represented in various forms

The treasurer took another scroll and spread it out before Alexander.

- Approximately 40,000 hryvnias of this sum are in silver ingots and gold. Of that, 15,000 are silver ingots, and 25,000 are gold jewelry, coins, and other valuables that can be used immediately

He pointed to the next section of records.

- Fifty thousand hryvnias are represented as reserves of natural resources - grain, honey, wax, furs, and other goods stored in state granaries. These resources can be used for exchange or sale, but their realization will take time

His finger slid further.

- Another 35,000 hryvnias consist of military supplies - weapons, metal, leather goods, and smithing reserves. These are strategic assets

Alexander leaned closer to examine the records and asked.

- So we only have 40,000 hryvnias immediately available?

- Yes, Prince. These are funds that can be spent without delay. The rest of the assets require time to convert into money or are reserved for specific needs - the treasurer replied

Alexander raised his eyebrows slightly, surprised by how substantial the resources left by his father were. However, before he could say anything, Stanislav frowned and asked.

- But not all of this is freely available, correct? What amounts have already been allocated?

The treasurer nodded calmly and opened another scroll.

- Yes, the counselor is correct. It is now mid-Berezozol (March), and the following amounts have already been allocated:

For the druzhina: 2,291 hryvnias. For diplomacy (receptions, embassies, gifts): 625 hryvnias. For road and bridge maintenance: 1,042 hryvnias. For a reserve fund for unforeseen needs: 417 hryvnias. For the support of the clergy: 420 hryvnias. For the coronation: 1,000 hryvnias

- The total comes to 5,795 hryvnias

- So, the free funds amount to… - Alexander hesitated, but the treasurer immediately clarified:

- 119,205 hryvnias, Prince. The remaining expenses will be allocated gradually throughout the year

Alexander pondered. Despite the impressive figures, he understood that the treasury was not a sack of coins to be thoughtlessly emptied. He looked up at the treasurer:

- And what is our annual income?

Kaznachey looked through another scroll, marked with a red ribbon.

- Last year, the annual income amounted to approximately 35 - 40 thousand hryvnias. Now we are only at the beginning of the year, but according to Advisor Oleg's calculations, revenues are expected to be around 30 - 35 thousand hryvnias

- Our main sources of income are taxes from peasants, totaling 15 - 20 thousand hryvnias; trade duties, 10 - 15 thousand; and tribute from other lands, 5 - 7.5 thousand

Alexander nodded, starting to grasp the scale of the economy. Now the most critical question remained:

- Very well. And what about expenses?

The Chief Treasurer sighed, understanding that this question interested the young prince most of all:

- Annual expenses are quite high, Prince. Primarily, there's the druzhina. The senior druzhina (elite, 1,000 warriors) costs 7,000 hryvnias; the junior druzhina (1,000 warriors) costs 4,000 hryvnias, totaling 11,000

- Then, there are expenses for diplomacy (embassies, gifts, receptions) at 3,000 hryvnias; road and bridge maintenance at 5,000 hryvnias; a reserve for unforeseen needs (famine or raids) at 2,000 hryvnias; and support for churches and monasteries at 2,000 hryvnias, totaling 12,000

- This year, your coronation has already cost 1,000 hryvnias, specifically: 500 hryvnias for celebratory feasts, 300 hryvnias for gifts to boyars and foreign envoys, and 200 hryvnias for religious ceremonies

- That's not all, Prince, - he added, setting aside one scroll and picking up another.

- Counselor Oleg submitted your new plan for fortifications against the nomads and the organization of schools. Establishing five schools will cost approximately 200 - 325 hryvnias, with an annual maintenance of 80 hryvnias, and for this year, 60 hryvnias

- Regarding your fortification plan, according to Advisor Oleg's estimates, it breaks down as follows: forming three mobile units (300 warriors) will cost 1,500 hryvnias, with annual maintenance for the three totaling 600 hryvnias; building two fortresses (one wooden, one stone) will cost 1,200 hryvnias, with annual garrison maintenance for the wooden fortress (70 men) at 350 hryvnias and for the stone fortress (150 men) at 750 hryvnias. The salaries for 20 scouts will cost 30 hryvnias, building 20 signal towers will cost 250 hryvnias, and fortifying 20 frontier villages will cost 25 - 40 hryvnias

- The total cost of your plan is 4125 hryvnias. Since this is a shared problem, your portion amounts to 2062.5 hryvnias. However, given that the plan will begin implementation in April, the required amount for this year is 3337.5 hryvnias

Alexander listened carefully, already feeling a bit weary. The sums were considerable, and the list of expenses was extensive. And this was only the beginning. How much more would he need to plan and execute? He rubbed his eyes and, with a forced smile, asked:

- And what's the bottom line?

The Chief Treasurer was ready:

- Annual expenses, including the coronation and new projects, will total 25447.5 hryvnias. If our income this year is 30 - 35 thousand, your net profit will be 4552.5 - 9552.5 hryvnias

Alexander paused, his gaze fixed on the scroll. Mentally, he compared the net revenue to the realities of his time - equivalent to nearly $3 million in the future. While the figure seemed substantial, he understood how quickly it could be drained by development expenses.

It seemed like a lot, but it still wasn't enough. If he wanted to elevate the economy, there was far too much to implement. The chief treasurer, noticing the young prince deep in thought, decided to add:

- This sum is available for your new plans or savings. If you need to use more, it will require council approval, as the princely reserve holds primary importance

Hearing the treasurer's words, Alexander gave a slight nod. The main goal of his visit - to gain an accurate understanding of the state of the treasury - had been achieved. But as he studied the scrolls spread out on the table, he realized this was only the beginning.

The financial management system established during his father's reign appeared solid at first glance, but beneath its façade lay numerous shortcomings demanding immediate correction.

Numerous fragmented reports, the lack of unified accounting, and difficulties in verifying revenues created an impression of chaos. This not only slowed operations but also left openings for unscrupulous individuals. Alexander, with his management mindset from the future, quickly identified the system's weak points.

His gaze settled on the treasurer. The chief treasurer, though he had served under Yaroslav the Wise, didn't seem like someone clinging to outdated methods. Instead, he appeared to be an experienced and cautious administrator, accustomed to clear instructions and well-defined tasks.

Alexander didn't plan to replace the Chief Treasurer. If he had served under his father, Yaroslav the Wise, for over twenty years, he was likely competent, reliable, and honest. Alexander needed only to win his trust and loyalty, while everything else could be reformed.

- Hmm, I understand. Chief Treasurer, what is your name? - Alexander clasped his hands behind his back, surveying the spacious hall.

- I am Radomir, Prince, - the Chief Treasurer bowed slightly, not hiding a hint of surprise.

- You served under my father, correct? - Alexander looked at him with interest and then at Stanislav, who nodded.

Radomir bowed slightly, pride evident in his voice:

- Yes, Prince. I served the Grand Prince Yaroslav for more than twenty years

- Excellent, Radomir. I want you to provide me with clear monthly reports on income and expenses, not just an annual summary. It will make it easier to monitor finances and notice any discrepancies

- As you command, Prince, - Radomir replied with a brief nod, though it was clear he was surprised by the young prince's request.

Alexander approached a large table cluttered with scrolls. He picked up a couple, unfolded them carelessly, and began quickly scanning the lines. Numbers, dates, and names blurred into a chaotic stream. It seemed the reports were designed not for clarity but to be indecipherable without experience and time.

- Radomir, - Alexander raised his gaze, his voice calm but firm, - do we have a unified registry of taxes and duties? One that records everything: where the money comes from, who collects it, and what sums the merchants pay?

Radomir froze. Seeing how deftly the prince leafed through the scrolls, he realized Alexander wasn't asking out of curiosity but testing him. After a brief pause, he spoke:

- Prince, reports are kept… but separately. Each volost, each land sends its records. We compile everything here in the treasury, but a unified ledger, as you mentioned, does not exist. Each collector is entrusted with their own, and the reports are checked as they arrive

Alexander shook his head; such a system was unacceptable. He turned to the treasurer, his words sounding like a command:

- Radomir, - Alexander's voice grew firmer, - I want all taxes and duties in one place. Who collects them, from which lands, when, and how much. There should be no gaps

- Create a unified registry. I want you to form a separate group of scribes to begin maintaining a unified ledger of taxes and duties across all lands. Start with trade duties, then land taxes, and finally separate reports by cities

- Stanislav, also assign a couple of guards to protect the scribes and archives so no one can tamper with their work or destroy old records. Everything will be under the prince's control

- It will be done, - Stanislav nodded briefly but had already decided to embed trusted scribes into the process to monitor it internally. While he trusted Radomir, he preferred to be prepared for any eventuality.

Radomir barely hid his surprise. The young prince seemed intent on completely overhauling the treasury's operations. He frowned momentarily, assessing the upcoming work, but then straightened and nodded. The treasurer spoke cautiously, his voice carefully measured:

- Prince, this will take time, - he said. - We'll need to gather old records and request new data from the volosts...

Alexander didn't let him finish.

- Radomir, - Alexander's voice was firm, his gaze cold and piercing. - I'm not asking; I'm commanding. Order in the treasury is the foundation of the entire state. If your records are chaotic, then money is slipping through our fingers

Radomir nodded silently, realizing the young prince was right. These directives weren't just ideas - they were improvements.

Alexander, seeing Radomir's acknowledgment, paused and then continued in a calm tone:

- Additionally, Radomir, prepare a complete list of tax collectors and treasurers responsible for our lands. I want to see them here for a personal audience. Each of them will explain their work and confirm their loyalty to the prince

Radomir nodded, barely hiding a sense of relief - the young prince wasn't rushing to impose purges or cut off heads.

- That's reasonable, Prince. These individuals served your father and are, for the most part, trustworthy

- Even so, - Alexander understood this, - trust must be strengthened. I won't replace those who serve honestly, but everyone must understand that negligence and greed will have no place under my rule

Stanislav, standing nearby, smirked and nodded approvingly. He liked how Alexander respected the elders while ensuring personal control over everything.

Alexander nodded and added:

- Let them come with reports and be prepared to answer my questions. Those who prove their competence and loyalty will remain in their positions

Radomir bowed deeply:

- I will arrange everything, Prince. I will begin sending messengers tomorrow

Alexander stood, his gaze still fixed on the tax scrolls. His voice was firm but composed:

- Good. Begin today. Assign your best scribes to this work. And when the register is complete, deliver it to me personally

Radomir bowed low. His eyes showed a mix of respect and caution. He had thought the young prince would limit himself to superficial inquiries, but Alexander was different. He didn't just look at the numbers; he wanted to improve the system. Radomir immediately saw the advantages of these reforms and was far from opposed to them.

Alexander fell silent for a moment, continuing to study the records. The only sound in the room was the rustling of scrolls. Radomir stood waiting, realizing the prince hadn't finished speaking yet.

Alexander browsed various scrolls, unwilling to spend time cross-checking all the reports himself. From history, he knew his father, Yaroslav the Wise, was renowned as a strong and wise ruler who maintained strict order.

Under his rule, treasury and tax controls were at their peak, and any serious leakage or theft would have been immediately identified and stopped. Radomir, as a member of Yaroslav's team, was undoubtedly a proven and reliable treasurer.

After a while, Alexander raised his head and spoke again, his voice now even more assured:

- Furthermore, we need to organize the trade duties. Radomir, prepare a full list of all merchants and trade caravans who recently paid duties: where, when, and how much. I want to see who conducts honest trade and who engages in schemes

Radomir nodded, quickly jotting down notes. Alexander turned to Stanislav, standing nearby, and continued:

- Stanislav, send your trusted men from the druzhina to inspect the security of the trade routes. Let your people find out if local collectors or guards are extorting illegal fees from merchants. If they are, the culprits will be punished to the fullest extent

Stanislav smirked, his eyes glinting with approval:

- Consider it done, Prince. A few exemplary punishments will quickly restore order on the roads and make bribery a thing of the past

- Order must prevail not only in the treasury but also on the trade routes, - Alexander added, then looked at Radomir:

- Get to work, Radomir. I know you served my father faithfully, and I trust you will handle these tasks as loyally for me. I never abandon my people

Radomir bowed his head, feeling how the prince's words not only reinforced his confidence but also placed even greater responsibility on him.

He had always considered Yaroslav's sons, especially Vsevolod and Iziaslav, the most educated and administratively skilled. However, now, seeing Alexander's determination and intellect, Radomir began to wonder: could Prince Alexander turn out to be even better? Time would tell.

Stanislav smirked, watching as Alexander confidently took the reins of governance into his hands.

- Well then, our business here is done. Radomir, you know your tasks, so I'll expect results. If you have any questions about organization, I'm always available, - he concluded calmly.

Alexander patted Radomir on the shoulder and headed for the exit. Radomir nodded silently, but within him, a growing respect for the young prince took root. This firmness and commitment to great change convinced Radomir to make a mental vow: he would not fail.


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