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When this trend intensified, the measures taken by the Qing government were no different from those of all modern and contemporary countries, which was to rescue the market. When large-scale bank failures occurred in Shanghai, local gentry in Shanghai were already aware of the hidden dangers and called on the government to actively intervene.
At the end of the Qing Dynasty, the administrative level of Shanghai was county, which was subordinate to Songjiang Prefecture; Songjiang Prefecture was in turn subordinate to Susongtai Road, which governed Suzhou Prefecture, Songjiang Prefecture, and Taicang Prefecture; Susongtai Road belonged to Jiangsu Province. However, the highest official on the ground in Shanghai was not the Shanghai magistrate, but the Su Songtai Daotai where the yamen was located, commonly known as "Shanghai Dao". Cai Naihuang, who is now in charge of Shanghai Daodao, is Yuan Shikai's staunchest confidant.
Cai Naihuang was very lucky. Before Yuan Shikai lost power, he got the best job in the world; after Yuan Shikai lost power, he remained unchanged. Two years have passed in the blink of an eye, and Cai Naihuang knows that he won't be able to stay in this position for long. Maybe tomorrow, or the day after tomorrow, he may be transferred to a place like Yungui, where rabbits don't poop, or to Qingshui, such as the Ministry of Rites and the Ministry of Education. yamen. Therefore, before that, you must make enough pension money. This is Cai Naihuang's only goal during this period.
The collapse of many banks such as Zhengyuan, Zhaokang, Qianyu, etc. was very painful for him. In the past two years, they have given themselves a lot of money during the holidays. As a result of this closure, this year¡¯s Mid-Autumn Festival income will drop significantly, right?
While he was thinking about it, Ding Weifan, the general manager of Yishanyuan, Yan Zijun, the owner of Yuanfengrun Bank, and Zhou Jinzhen, the president of Shanghai Chamber of Commerce, suddenly came to visit. These three people were all his big benefactors, so he quickly collected his emotions and walked out quickly: "What kind of wind is blowing today? It actually brought the three gods of wealth from Shanghai! Come on, come on. , come sit in the room quickly!"
??It seems that the three people are all working in the business world, but who doesn¡¯t have some background?
Li Jingchu, the major shareholder of Yishanyuan, is the second son of Li Hanzhang and the nephew of Li Hongzhang. He currently serves as the right minister of the Postal and Communications Department and the prime minister of the Bank of Communications.
Yan Xinhou, the former boss of Yuanfengrun Bank, was promoted to the Zhili Alternate Road. He was recommended by Li Hongzhang as the acting Tianjin Salt Affairs Assistant, and became integrated with Li Hongzhang's old department.
As for Zhou Jinzhen, he is a famous business tycoon in Shanghai, and his friendship with Yan Xinhou is extraordinary.
"It's just that today these three people are not as calm and calm as before, and they can't hide the panic in their eyes. Yan Zijun, the youngest, was very close to Cai Naihuang. After taking his seats in the main hall, he hurriedly asked: "Mr. Cai, you must have heard about the closure of the three banks, Zhengyuan, Zhaokang and Qianyu, right?"
Cai Naihuang nodded: "How could I not know about such a big thing? People are so incompetent! Three guys, Chen Yiqing, Dai Jiabao, and Lu Dasheng, instead of doing stable bank business, insist on speculating on rubber stocks. This time Good thing, all your money will be lost! I'm afraid that now the door of their three houses is blocked by creditors, and they won't be able to live in peace even if they want to die, right?"
At the end of the sentence, Cai Naihuang actually felt a little gloating about his misfortune.
Ding Weifan let out a long sigh: "The rubber stock market used to be so good, making money every day, but who would have thought that it would suddenly collapse?"
Cai Naihuang suddenly thought of a letter he received a few days ago: "Don't tell me, some people actually thought that the rubber stock market would collapse!"
"Who?" the three of them asked in unison.
"Master Sun Yuanqi, the left minister of the academic department," Cai Naihuang said directly without trying to tempt them. "He had a premonition that the situation was not right a month before the stock market crash. But he had no evidence, so he privately entrusted a reporter from the China Broadcasting Corporation to go to Nanyang to investigate. .The recent news about companies such as Lange Zhi and Xue Na Wang came out privately after the reporters came back from their investigations.
"Two days before the stock market crashed, he specifically gave a discount to the military aircraft department, saying that there would be problems with the Shanghai Rubber stock. In addition, he also asked someone to send a private message to Cai, hoping that I could control the managers of those rubber companies in advance. Boss, avoid losses for Chinese businessmen. Unfortunately, the letter is delivered too slowly. By the time the letter reaches my hands, the stock market is in ruins, and Maibian, Kadoorie and others have also fled."
When the three of them heard this, they all sighed: "Mr. Baixi is indeed a scholar!"
Cai Naihuang said: "You three Gods of Wealth have always come to the Three Treasures Hall for nothing. Now that you are here, what can I teach you?"
Zhou Jinzhen said with a sad face: "It's not because the bank has closed down in the past few days!"
"Oh? Have you deposited money in Zhengyuan, Zhaokang, and Qianyu banks?" Cai Naihuang asked, "That's not right! You and Yibin's father are close friends, so money will naturally be found in Yuanfengrun Bank. Now other banks They are going bankrupt one after another. This is really a God-given opportunity for Yuan Fengrun to take advantage of the opportunity to expand. Why are you still so depressed?"
Yan Zijun¡¯s face became even darker and more decayed, and his words were a bit out of breath: ?Heart. Shanghai banks, represented by Yuan Fengrun and Yi Shanyuan, together with the Bank of Qing Dynasty and the Bank of Communications, were the pillars of maintaining the financial stability of the Qing Dynasty. If Shanghai banks are allowed to close down on a large scale, it will inevitably lead to a series of incidents such as industrial and commercial bankruptcy and unemployment. By that time, there will be no finances and taxes in Jiangsu and Zhejiang to support the imperial court, no goods and profits in the middle to woo the Western barbarians, and no enterprises in the lower reaches to control the vagrants. I am afraid it will lead to social unrest! "
Zhang Renjun said: "In your opinion, how should we deal with it?"
Cai Naihuang took out a few pages of paper from his sleeves and handed them over: "In my humble opinion, it is better for the government to borrow 3.5 million taels in emergency from major foreign banks, and the interest will be borne by the banks. In addition to the 3 million taels of Shanghai official bank, They are all stored in Yuan Fengrun, Yishanyuan and their affiliated bank accounts to help them maintain the situation and stabilize people's hearts. As long as Yuan Fengrun and Yishanyuan remain standing, the Shanghai market will not be corrupted. After a period of time, the Shanghai market will After stabilization, all the loans will be gradually repaid. In this way, as long as the government takes over the loan, without spending a penny on the court, all kinds of risks can be eliminated invisibly, and the purpose of maintaining the market and stabilizing people's hearts can be achieved."
Zhang Renjun thought for a moment, nodded in approval and said, "Bo Hao's method can be said to be 'beneficial without costing', it is really a clever plan!"
Soon, Zhang Renjun reported to the court via telegram, requesting an emergency loan from a foreign bank to stabilize the Shanghai market. The Military Aircraft Department quickly approved Zhang Renjun's memorial and tasked Shanghai Road Cai Naihuang with full authority to handle the aftermath.
After receiving approval from his superiors, Cai Naihuang immediately signed "Maintaining Shanghai Market Loan Contracts" with nine foreign banks. After this emergency response, the Shanghai market has gradually calmed down. (To be continued. If you like this work, you are welcome to come to Qidian (qidian.com) to vote for recommendations and monthly votes. Your support is my biggest motivation.) (Remember the website address: www.hlnovel.com