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Chapter 213 Another Contest

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    Dai Xianzhi's death made Huang Ruqing depressed for a while, which made her mother very worried.  After discussing it with her husband, she sent someone to take her daughter home.  As for the Dai Mansion, since there were no relatives left, the house was sold.

    Huang Ruqing¡¯s father is Huang Xianting, the deacon of Ruihuanchang, the largest gold store in Fengtian City. He is also the vice president of Fengtian Chamber of Commerce, and his status in the business world is very transcendent.  It was very distressing to see my daughter, who was originally so beautiful, wither away in just a few days.  After the death of his son-in-law, he breathed a sigh of relief in his heart: He originally married his beautiful daughter to Dai Xianzhi because of the power of the commander behind him, but he didn't expect that this kid couldn't stand up to the wall.  Little effect.  If he dies, he will die, and his daughter will finally be free. She is still young and can marry into a good family.

    But he was very annoyed about this: his son-in-law¡¯s life was lost just because he slept with an unruly concubine and broke a few worthless light bulbs?  Isn¡¯t this too shameless?  If Zhang Zuolin only imprisoned him for a few years, he could use this as an excuse to remarry his daughter.

    ¡°But when it comes to the death of my son-in-law, if I don¡¯t say anything, it will make people think that the Huang family is nothing special.  I heard that the third brother's property in the countryside had been confiscated and he has not been released yet. The eldest brother was also dismissed from the position of director of the Civil Affairs Department. Seeing that he was about to resign, if the matter of his son-in-law came up, he would sometimes  I also wonder: Is this handsome man in conflict with the Huang family?  How to go against the Huang family everywhere?

    And Zhang Zuolin will definitely be on guard because of this. His position as president of the Fengtian General Chamber of Commerce will not be fulfilled until the end of the year!  Doing business depends on popularity. If it languishes because of this incident, the future will be difficult.

    The matter of Zhang Zuolin's shooting of his brother-in-law was a big deal in Fengtian, so Feng Delin naturally got the news.  He is also an old and cunning person. He took the opportunity to cause trouble some time ago but failed, and he was still holding his breath. Now he has taken a fancy to this good opportunity.  He sent someone to contact Huang Xianting: "Brother Yu is still planning to rescue the third master, and I heard that the wise son-in-law passed away. I am extremely sad! Fengtian has been preyed upon by Zhang Zuolin for a long time, and both humans and gods are angry! Unfortunately, his wings are too big to fight head-on. I heard  Zhang Zuolin is recruiting troops and horses, and the provincial capital's finances are very tight. I should use my advantage to disrupt his money and make the economy in chaos. Then the troops and horses will have no pay and will naturally become disengaged. If I take advantage of the opportunity to exert pressure, I will surely alert the central government and either replace or drive away  , then the influence of the Zhang family can be eliminated from the root, and the Huang family can also take revenge. As for the matter of the third master, it can also be solved easily. "

    To put it bluntly, Feng Delin wants to pull out all the firepower and use Huang Xianting's power to disrupt Fengtian's economy.  This is very feasible. In fact, Lao Huang has already been doing it.

    Since the beginning of the Republic of China, the country has issued silver coins, which we often call Da Yang. This is a real thing: China has not yet broken away from the silver standard. Take the silver dollar issued in the third year of the Republic of China as an example. It contains 89% silver and weighs 7  2 cents of money is one dollar.  However, the currency value of the silver dollar is too large, and it is very inconvenient to circulate in the market, just like in modern times, when we have hundred-dollar bills, we still need to issue a large number of small changes.  At that time, all provinces had the right to mint coins, which of course meant small coins. In Fengtian, many small coins were issued, called Fengtian small foreign notes.

    The reason why it is called "Little Ocean" is actually relative to "Big Ocean".  In ancient my country, silver was the main currency, but the earliest silver coins came from abroad.  In the early years, it was customary to add the word "foreign" to everything that came from foreign countries. Naturally, the same was true for silver coins minted by foreigners, which were called "foreign money".  At that time, there was also a customary saying that a large silver coin in yuan was called a big ocean, and a small silver coin in jiao was called a small ocean. This is where what we usually call Feng Dayang and Feng Xiaoyang come from.

    Fengxiaoyang notes are based on cash and began to be issued in the 32nd year of Guangxu's reign in the Qing Dynasty.  After the founding of the Republic of China, the Bank of Communications immediately issued 500,000 yuan in small foreign notes to recover the old banknotes issued in the Qing Dynasty.  In 1913, the state-owned Fengtian Official Bank (later changed to the Eastern Three Provinces Official Bank) and Fengtian Industrial Bank issued small bank exchange notes in three denominations: jiao, 2 jiao, and 5 jiao, commonly known as Feng Xiaoyang.

    ??At first, Feng Xiaoyang could cash in unlimited amounts, that is, with the exchange coupon, he could redeem the full amount of small silver dollars from the bank.  At this time, Feng Xiaoyang's purchasing power was strong and the people had confidence.

    Unfortunately, the good times did not last long. In the fifth year of the Republic of China, World War I entered deep waters.  Since most European countries adopt the gold standard, while most Asian countries adopt the silver standard, when European countries come to Asia to buy strategic materials, they must sell gold and buy silver.  As a result, a situation emerged where the price of gold fell sharply and the price of silver rose sharply, which is called "gold is cheap and silver is expensive."

    Because silver coins are more valuable than small silver coins, if you melt small silver coins into pieces and exchange them for gold, you can make a profit.  Therefore, the Japanese in the Manchurian Railway affiliated area colluded with Chinese money merchants and exchanged tens of thousands of yuan for small silver dollars at a bank in Fengtian every day. Then, in Fengtian or Dalian, they melted the small silver into silver coins, and then bought and sold them for huge profits.  YesAccording to data, if you convert in this way, you can make a profit of five to six hundred yuan for every 10,000 yuan.

    But there is an essential difference between bank runs and currency circulation. Although Chinese money merchants know that they are profitable, they still have some concerns.  But the Japanese don't care about this. Destroying our country's financial system is originally one of their "missions".  Some unemployed Japanese simply started working as scalpers.  The stores of Guanyinhao in Dongsan Province are often crowded by Japanese people.  It is said that the Japanese's bankruptcies alone cost no less than 40,000 to 50,000 yuan a day.  In August 1916, the amount of bank runs reached 70,000 to 80,000 yuan.  Due to unstable silver prices and widespread bank runs, the official bank accounts of the three northeastern provinces suffered heavy losses. According to the memory of Jing Youyan, the former director of finance of the three northeastern provinces, the official bank accounts of the three northeastern provinces alone suffered "a daily loss of 80,000 to 90,000 yuan."  .  The value of the currency is unstable, and Feng Xiaoyang's credit is in decline.

    Fengtian Industrial Bank, one of the two companies qualified to issue Fengtian small foreign bonds, also has its own hidden dangers.  This bank, formerly known as Fengtian Agricultural Bank, was run by the government and was run by Feng Xiaoyang. When it was established, it had a rated capital of one million yuan. At the beginning of its opening, in July 1913, Fengtian Industrial Bank originally planned to issue shares with a reserve of 400,000 yuan.  Unexpectedly, the banknotes of 800,000 yuan could not be collected as soon as they were issued, and more than 1.5 million yuan were issued.

    Having tasted the sweetness, the authorities only increased the number of official shares to 700,000 yuan and commercial shares to 600,000 yuan in two years. By December 20, 1914, a total of 6.9 million yuan of small foreign notes had been issued.  Its capital was already low, and it was eager for quick success and excessive issuance of banknotes. During the crisis, bank managers wanted to "increase the issuance of banknotes" to increase profits. During this period, the Fengtian Financial Secretary returned all official shares.  This resulted in a serious shortage of reserves and a sharp decline in credit.

    This is not the first financial crisis in Fengtian.

    Back then, Zhao Erxun, the first governor of the three northeastern provinces, was forced to "negotiate" with Mitsui & Co., Ltd. because the Japanese businessman refused to accept Feng Xiaoyang.  The final result was a nine-article agreement, in which the property deed worth 721,933.685 taels was transferred from the official bank of the three eastern provinces to Mitsui & Co. as a "guarantee". The mortgage could not be recovered until "the market is stable and banknotes are flowing smoothly."  In this way, the Japanese merchants reluctantly agreed to accept Feng Xiaoyang, but the original Feng Xiaoyang was not honored for the time being.  It was not until 1912 that the Guanyin No. of the Three Eastern Provinces took back the collateral, and the turmoil was finally settled.  However, it is humiliating for a local government of one country to condescend to provide a "guarantee" to a businessman from another country. This can be regarded as a "characteristic of the times" at that time.  (Remember the website address: www.hlnovel.com
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