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Episode 1: New arrival, Chapter 642: What is official debt?

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    w Western merchants definitely realized the importance of long-distance exchange and the decisive significance in business. There is no doubt about their vision. In another time and space, it was this group of people who created the bank account a hundred years later.

    But today¡¯s Western business power is far from its heyday. It currently lacks the ability of Li You to coordinate the north-south layout. Compared with Li You, who has advanced ideas, it is already a few steps behind, and it is difficult to catch up.

    Therefore, for Western merchants, the best way is to absorb Li You, who has a strong background, and become a member of them for joint development.  However, what Mr. Li wants is a dominant position and control of the financial industry. This is the real conflict between the two parties.

    Although Mr. Li has only been focusing on the officialdom battle industry for three years, his main major is not in the field of business war. He has only played in shopping malls a few times.  But everything in the world is universal, and the fundamental principles of things in different fields are often the same.  So after he heard the news, after the initial shock passed, he immediately realized where the danger lay.

    If the twenty-one industry giants can jointly deposit and withdraw money in the capital, if it is realized and accepted, it will at least temporarily gain an unquestionable absolute advantage in the capital and its surrounding area, which has a population of one to two million people.

    It seems that it has little to do with Huichang Yinhao. Huichang Yinhao's main business development direction in the future is north-south foreign exchange. It does not matter if it is excluded by peers in the capital.  Besides, the Twenty-One Alliance did not target Huichang Bank by name, so there was still room for it.

    But if you think deeply, you will find that this is not the case. Remote exchange is a means to control the industry, but it is not the ultimate goal.

    The capital is still the fundamental place.  If Huichang Bank is squeezed out of the capital and loses market share and voice, it will truly be like water without a source and a tree without roots.  No matter how beautiful the business is, it is still a beautiful house without a foundation.

    This is not an unfounded worry of Li You, it is entirely possible for it to become a reality.  Twenty-one Western merchant capitals united, and only the Yangzhou salt merchants in the world could compete.  As for Huichang Yinhao, it currently does not have this ability at all.

    This is the purpose of the Twenty-One Alliance. On the one hand, it shows the capital strength and execution ability of the Western business group.  On the other hand, it is also a silent warning and pressure on heretics in certain industries without breaking out.

    After Li You figured it out, he told Shopkeeper Dai: "Don't panic. Go back quickly to appease people, and say you will find out within a few days."

    Shopkeeper Dai responded and left.  Li You sent people to Mingli Newspaper Shop again.  A message was sent that newspapers were not allowed to publish news related to the Twenty-One Alliance tomorrow, and arrangements were made for follow-up reports.

    Economic problems can be solved by economic means, but they can also be solved by political means.  Compared with the twenty-one people, Li You is absolutely weak in economic terms, so he does not plan to use economic means, but the political means he is best at.  Moreover, the political means are simple and easy, and the cost is low.

    The newspaper came out the next day. As expected, Mingli Daily, which is deeply rooted in the hearts of the people in the capital and has paid special attention to the banking industry recently, did not report even a single word.  This time, the news that the 21 people were joining forces to exchange funds was ignored by Mingli Newspaper.

    But soon the Western merchants responded.  Although they did not have a newspaper, they spent money to print a large number of paper slips and distributed them in the streets and alleys, offsetting the Ming Li newspaper.

    When the next issue of Mingli News came out, it was reported that many of the 21 money shops "may" have been unable to make ends meet.  Therefore, we need to unite and raise the banner of Tongdui, in order to demolish the east wall and make up for the west wall This has aroused readers' suspicion of Western merchants.

    Of course, talking and creating public opinion will not solve the problem, and this is not Li You¡¯s real trump card.

    This day was the day of the court meeting. The civil and military officials from the capital gathered in twos and threes from the East and West City to Chengtian Gate, and then flowed into the palace.

    Another wave of officials entered Yujie from the left gate of Chang'an.  When I came to the Jinshui Bridge, I saw an old seventh-grade official standing on the bridge, with gray hair and beard fluttering in the morning spring breeze.  What was more eye-catching was that he was straddling the railing, not knowing what to do.

    Regarding this old man, the officials in the previous court looked very unfamiliar to him. They inquired about each other and found that they did not recognize him.  From this we can deduce that this person must be a local official from out of town, and he is a very down-and-out kind of person, so he has no connections or acquaintances in the capital.

    What is he going to do?  Officials passing by the Jinshui Bridge couldn't help but slow down and look at it curiously.  But the old official gritted his teeth and shouted, "Official debts are hard to repay!"

    Before everyone could wrap their heads around the situation, they saw him leap into the air again, and jumped into the Jinshui River without hesitation, splashing a bunch of waves.

    Want to commit suicide by drowning?  This caused a commotion among the officials of the previous dynasty. In the previous dynasty, an official committed suicide by drowning in the Jinshui River. This is definitely a strange story!  I don't know what the reason is.

    Immediately someone shouted loudlyThe officers and soldiers on duty shouted: "Officials and soldiers, please save people quickly!" The officers on duty were probably also afraid of taking responsibility for poor guarding, so several of them immediately jumped into the water to save people.

    After a while, people on both sides of the water started to pull the old official who had fallen into the water from the river to the shore.  Officials from the upper court came forward to watch one after another. University scholar Yang Ge arrived just at this time. When he saw the accident, he squeezed into the circle surrounded by his entourage.

    After looking up and down for a few times, Mr. Yang Ge frowned and asked: "Both body, hair and skin are all inherited from our parents. Who are you? Why did you throw yourself into the water? And why did you throw yourself into the water outside Chengtian Gate?"

    The old official lying on the ground opened his eyes and stared blankly at the sky, as if he had not heard Yang Ge's question.

    At this time, Li You, the envoy of the Wenxuan Academy, also came to Jinshui Bridge. When he saw the man who fell into the water, he shouted in surprise: "Aren't you the old magistrate of Xuyi County! Why are you here?"

    Yang Ge Lao glanced at Li You and ordered the officers and soldiers in Jinyi beside him: "There are many people here, so it is very inconvenient. Carry Mr. Shang into the East Chamber for questioning."

    Several people carried Shang Zhixian through the Chengtian Gate and into the Dongchao House.  Not long after, news spread.

    ?According to Shangzhi County¡¯s self-report, his family was poor. After arriving in the capital, he borrowed hundreds of taels of official debt for socializing and entertainment.  But he was facing the danger of losing his official position, he could not afford it, and was forced by his creditors, so he was very miserable. On this Hajj day, he couldn't think of throwing money in the water.  Also, these debts were borrowed from several Western merchant banks.

    This immediately triggered a lot of discussion among the officials in the upper court, and as a political incident that was neither big nor small, it was also reported to the emperor at the court meeting.

    The emperor frowned and asked: "What is official debt? Why did he borrow official debt? Who dared to force officials to drown?"

    The ministers are watching with their eyes, nose and heart. These questions are really difficult to answer to the emperor Should we tell the emperor that these are the rules of the game for our officials and that we have turned a blind eye?

    "There will be a thorough investigation by the department! Then a report will be made," the emperor ordered.  Welcome to come and your support is my biggest motivation.  m

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