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Text Chapter 34 Raising Equity Capital

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    Several people present were a little confused, especially the two outsiders, Lu Tonghai and Zhang Yi.  Yang Shaowen didn¡¯t find it strange. They had to let them digest new things.  In the late Qing Dynasty in the 19th century, the establishment of a joint-stock company was indeed a bit shocking.  He didn¡¯t know whether his Yang¡¯s Clothing Company was the first joint-stock company in China (China¡¯s first joint-stock company was the ¡°Shandong Yixian Zhongxing Mining Bureau¡± established in 1878), but the full employee shareholding model was at that time  Definitely a first.  Yang Shaowen already has a rough outline of this plan, and he will throw it out when the time is right.  When Bu Bank was booming, once this joint-stock plan was thrown out, he could capture the hearts of employees and build their sense of belonging to Bu Bank.  It's just that the bank is in a precarious situation now, so asking employees to subscribe for shares at this time is more of a financing function, and employees may not appreciate it.  After Lu Tonghai and Zhang Yi thought for a while, Yang Shaowen asked Zhang Yi about the thoughts of his employees.  "Boss, you can rest assured. Although the publishing volume has dropped rapidly during this period, everyone's income has dropped somewhat, and some people may complain a little, but I have never heard of anyone planning to leave. Boss  He is courteous and the wages are generous, and we as clerks cannot be ungrateful. People like that will be looked down upon by everyone if they encounter any difficulties.  Young, he immediately asked Zhang Yi to express his views on employee stock subscription.  "Do new employees also need to subscribe?" "Yes, including new employees and employees who will join in the future, all must subscribe. The minimum subscription amount is 1 yuan, and the maximum subscription amount is their one year's salary." Yang Shaowen looked firm,  Non-negotiable: "Subscribing for the stock of the cloth bank is not only the right but also the obligation of every employee of our Yang's cloth bank. If anyone is unwilling to subscribe, he is not worthy of being a clerk in our cloth bank and will be fired."  " He also thought about it. Asking employees to subscribe for stocks at this time may not make employees burst into tears of gratitude.  But he could see the loyalty of the guys below to Bu Xing and see if they could share the difficulties with Bu Xing.  "The total stock capital of 800 yuan can only be more or less. Zhang Yi, do you think it can be raised?" "I can't say for sure. Speaking of myself, I am definitely willing to subscribe. After buying the shares, I will  Now that you are a boss, you will be more motivated to work, but it is hard to say for others. Some people are more serious about money, and they just want to get the money into their own hands and then save it to marry a wife and build a house.  You may be afraid that you won¡¯t be able to get back the money you put in. In short, everyone will have a lot of ideas. I don¡¯t know if 800 yuan of stock capital can be raised.¡± ¡°It must be raised!¡± Lu Tonghai stood up.  He came and said categorically: "Shao Wen transformed the cloth bank that originally belonged to him into a joint-stock company and distributed the shares to everyone. That was a good intention. We need to understand this situation. Many people have concerns, not just because they are afraid of cloth bank's failure.  But is it the current difficulty? Since we have just figured out a solution, there is nothing to worry about. Now it is just cash for the shortcomings. If everyone contributes, the difficulty will be over. " As soon as the matter is discussed, everyone.  Work separately.  Lu Tonghai is more prestigious among the employees. He led Zhang Yi and Yang Yuhua to mobilize the employees below.  Let¡¯s start with the explanation of what shares are, what a joint-stock company is, what employee stock ownership is, talk about Bu Bank¡¯s current difficulties, talk about the solutions that Yang Shaowen has come up with, and talk about what they will do when Bu Bank makes profits in the future.  There is a bright prospect of receiving dividends as a shareholder.  Speaking of excitement, Lu Tonghai even talked about loyalty in the world. When brothers are in trouble, those with loyalty should help.  Lu Tonghai himself took the lead in subscribing 200 yuan.  His salary is the highest in the cloth industry, and Yang Shaowen gives him 18 yuan per month.  The subscription of 200 yuan is almost his salary for a year.  In order to leave a good impression on his boss, Zhang Yi also subscribed for 50 yuan of shares.  Although it hurts, it is also a good opportunity to show loyalty.  He performed well this time. As long as Buhang successfully overcomes the difficulties, he should be able to officially enter the management of Buhang.  Someone took the lead in instigating that employees who were not very willing to contribute money were either lured, coerced, or coerced into subscribing for a few yuan, a dozen yuan, or even dozens of yuan.  Employee stock subscription gradually opened up the situation, and Yang Shaowen himself had to persuade Yuan Yicheng to convert the ship purchase money into shares, which was not an easy task.  Although he has some friendship with Yuan Yicheng, the payment for 30 ships is still a large expense for Baoshan Wood Workshop.  To convince him, Yang Shaowen needed some words.  Because it is difficult to do business in Xiyingli, the county seat, Yang's cloth shop has already considered moving to another location.  At present, Cloth Cloth has first established a cloth warehouse in Lamma Town.  Lamma Town is the junction of four rivers. It has convenient transportation and can also avoid the interference of the big shops in the county. Yang Shaowen decidedFrom now on, the headquarters of Buhang will be placed here.  When he arrived in Lamma Town, he first went to the warehouse of his cloth shop to check the storage situation of cloth, and then went to Yuan Huiqing's home.  He made an appointment with Yuan Yicheng to meet there.  After telling Yuan Yicheng his plan, Yuan Yicheng remained silent for a long time, neither saying no or yes.  "Yicheng, I can guarantee that the money you invested will not go to waste. In Wujin County, the cloth industry guild is very powerful. In other places, they can't block me, right? Even if there is a boycott in southern Jiangsu,  I sell woven gauze cloth to Wandong, central Anhui, central Jiangsu, and northern Jiangsu. Is this okay? Although there are a lot of transportation costs, my cloth is collected directly from farmers, so I can absorb this.  Part of the cost!" Yang Shaowen said confidently: "As long as you give me three months, my business will definitely come back to life, and it will become more and more prosperous in the future!" Yuan Yicheng said: "Shao Wen, I'm not afraid of losing money!  After getting along for a while, I still trust your business ability. " "Then why? Is Baoshan Fang having difficulty with capital turnover?" Yuan Yicheng shook his head: "Although Baoshan Wood Workshop is not a big workshop, it is only 600.  Yuan is still affordable." At this time, Yuan Huiqing, who was accompanying him, replied: "Shao Wen, you don't know something. My father has a good relationship with Lu Guangsheng.  I'm not happy with him." Yang Shaowen didn't expect that there was such a part in this, which was really a bit scratching his head.  For a moment, he couldn't think of any solution, and the scene suddenly became quiet.  Yuan Yicheng finally said resolutely: "Shao Wen, although my father has a close relationship with Lu Guangsheng, I am now in charge of Baoshanfang. I just want to know one thing, why do you want to introduce machine yarn? If you can convince me, I will  "Buy a stake!" "Why introduce machine yarn? The direct reason is, of course, because it can bring huge benefits to my cloth business." Yuan Yicheng raised his eyebrows, obviously not listening to it.  "I know that Lu Guangsheng and the government boycotted the yarn because it eroded the job opportunities of the locals and they were afraid of causing a civil unrest!" "You can't deny that their concerns are not unreasonable!" "Of course their concerns are right.  !¡± Yang Shaowen admitted very bluntly, ¡°In the short term, this is indeed the case. But in the long term, the improvement of weaving efficiency will reduce the price of homespun cloth, thereby stimulating the consumption of homespun cloth and increasing the market capacity of homespun cloth.  More people will be employed." Yuan Huiqing partially agreed with him, but also put forward her own opinion.  "What you said is good, but after all, it is a bit far. The short-term turbulence caused by this cannot be avoided." Yang Shaowen waved his hand: "With limited personal ability, you cannot solve all problems. Under the drastic changes in the external market environment, the local  It is delusional to think that things will continue as usual in the homespun market. The fundamental difference between me and Chairman Lu is actually in our attitude towards competition. When faced with foreign fabrics and yarns, Chairman Lu chooses to close the door and boycott, while I like to open the door to welcome customers and compete head-on.  " He told Yuan Huiqing and Yuan Yicheng a story about the British Industrial Revolution.  The British industrial revolution began with the textile industry and the spinning jenny.  Hargreaves invented the spinning jenny, which led to a rapid increase in labor productivity, which also caused the price of yarn to plummet in the UK. Angry spinning workers destroyed his jenny, making him afraid to return even if he had a home.  .  However, these resistances and interferences were just insignificant episodes in human history, and could not resist the rapid spread of Jenny machines in the British spinning industry.  Britain is at the forefront of other countries in the world precisely because it invented new machines and technologies such as the Jenny machine and the steam engine, and boldly applied these technological innovations.  "Yicheng, you are also studying technology. You should know that technological progress cannot be stopped by anyone. The more afraid you are and the more you avoid competition, the more you will fall behind!" Yuan Yicheng was convinced by what he said: "Haha  , Shao Wen, you are indeed different from those who only care about immediate interests. President Lu is half a step ahead of these people, and you are half a step further than President Lu. I support you, this share.  "I'm in." Yuan Huiqing was also persuaded by him: "Shao Wen, I also have more than 400 yuan in spare money. Most of it was paid back to me after you made money some time ago. How about Aunt Qing's investment in the cloth bank?"  "Of course that's good, I think the more the better now!"
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