A Peril of Riches
Seventh Day of the Twelfth Month 294 AC
The destruction of Everfire Dale was for many a shock, a blow to the notion of Imperial invulnerability. For merchants who dealt in the many works of the Dale, it was a savage cut into their margins, enough so that a fair number of them went under sending ripples of insolvency out to their own creditors, until it was finally stopped by swift and decisive action by the Iron Bank working in conjunction with the Ministry of Trade and the Ministry of Taxation. Proposals for tax breaks were swiftly silenced as bad practice, for aid should come in the form of aid and not lifting one's dues to the state, but tax assessors were swiftly sent all across the realm to ensure that no one was still being taxed for goods which had been vaporized or melted into glass.
All the while, the Iron Bank quietly gave lie to its fearsome reputation, with reasonable offers of reimbursement and loan restructuring, though unlike many Imperial institutions in those months they did not widely publicize their deeds, for the Keyholders did not wish to 'show weakness' in a marketplace that was growing ever more competitive, in a world that was ever more perilous.
With the announcement that no new banks would be allowed to form west of the Narrow Sea for months yet, if not years, those same worthies breathed a sigh of relief. They had made the right choice. Uraka Breolis had presented it as the only choice, but even if she was right, that did not have to make it a good one, but it was clear now that the Imperator was willing to err on the side of professionalism and stability over favoring the folk of his birth realm. Profits would not be what they might have been, but then such was the nature of war. Only fools too blind to see farther than the tips of their noses would think that war was good for business, but still the aftermath of it could be, if one backed the winning side.
There had been some rumblings of late about expansion into the Sea of Fire, for the last two planar expansions had been most profitable and Ring of Keys was always looking for seconds on a feast as the saying went.
Peculiarly, Princeps Uraka was quick indeed to put paid any notions of quick profits. The new realms of the Imperium were wide and in the abstract perhaps a fair place to find new clients, but a people in the midst of a war to the knife are not inclined to buy into reconstruction loans. Still, there was one trade which Duchess Larissa was interested in making, a very straightforward trade yet still one with the potential to have consequences far reaching enough to end up on the Imperial desk.
Although the fleet of the Cobalt scales was non-existent, their capital pounded by enemy artillery and their people grimly determined to fight to the end, they yet possessed a reasonable treasury from more prosperous times, reasonable at least by the standards of a small state on the Sea of Fire, compared to the wealth of most nobles and magisters of the Imperium taken as individuals, it was staggering and its conversion to Imperial marks would tank the price of precious metals when the market had only just stabilized. It was estimated, and later divined that this would cause a second round of panic selling of precious metals and when the price corrected upwards to current standards eventually, it would lead to even more bad blood uniting in common outrage the fiscally incompetent from across two continents.
What do you do about the desire of Duchess Larissa to buy a great sum of marks with precious metals?
[] Let her do it, but spread the word that the fall in precious metal prices will be temporary this time, hopefully lightening the blow
[] Ask her to hold off for now, you do not need to deal with more economic shocks, though this will likely upset your new citizens
[] Write in
OOC: I am intentionally keeping the exact sum abstracted because the concept of money has been abstracted. Not yet edited.