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Chapter 1004: Definitely Win?

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    The banks, banks and pawnshops in Xuzhou City are all concentrated on Nanmen Street.

    ? ? It¡¯s a coincidence that Hengtongji is right opposite Jiangnan Bank.

    At this time, the window on the second floor of Hengtongji was open, and shopkeeper Song stood in front of the window with his hands behind his back.  The sun was a bit dazzling, so he used a folding fan to build an awning and watched the customers coming in and out of Jiangnan Bank opposite.

    I saw the cashier coming out of Jiangnan Bank and going straight into Hengtongji.

    "You idiot, don't you know how to go around from behind?" Song Cai, the shopkeeper of Xuzhou Semicolon, stood behind Song Xiaoming.  As soon as the man went upstairs, he cursed loudly.

    "The villain is negligent, the villain deserves to die." The guy who was playing tricks at Jiangnan Bank was as good as a little white rabbit at this time and slapped himself hard.

    "Okay, people in the Ming Dynasty don't do secret things. We have to let them know who is dealing with them." Song Xiaoming gently shook his folding fan and said.

    "Why did you come out empty-handed? Didn't I ask you to take out the money?" Song Cai stopped scolding, but still asked angrily.

    "It is said that according to the rules, payment can only be made after five days." The cashier hurriedly replied: "The villain thought that it was unreasonable to cause trouble, so I had to agree to go after five days."

    "Oh?" Song Cai was surprised and said: "Yesterday, the price was less than two thousand taels, and it was all paid on the same day."

    "It's you who have aroused people's alarm." Song Xiaoming said clearly: "You have collected all their banknotes, how can they not notice it?"

    "Jiang Dou really can't be treated as a piece of cake." Song Cai was quite surprised when he heard this and said: "I never thought he was so vigilant before. Could it be his deputy named Richard?"

    "It makes no difference." Song Xiaoming said calmly: "They won't be able to transport money in ten days, let alone five days."

    "Hehe, it won't even take a month, unless their silver boat can get wings and fly over Huai'an." Song Cai said with a smile.

    "Since the other party is already alert, let's not withdraw the two thousand two thousand." Song Xiaoming told Song Cai: "It will be changed to a large amount of exchange in the afternoon. Today we will handle at least one million taels from him."

    "Yes." Song Cai nodded in response.  The reason why the limit is two thousand taels is because at Jiangnan Bank, for exchanges below two thousand taels, it is customary to pay directly to the banker in advance.  This can reflect their wealth and wealth, and can also simplify the procedures for everyone's convenience.

    Who would have expected that the other party would shrink so quickly, and they would be rejected before they even had time to steal the tower.

    But the result is good. If the money cannot be withdrawn in five days, Jiangnan Bank will also be ruined.

    ??~~

    Shopkeeper Song¡¯s plan is very simple, it¡¯s a run.

    This move is not unusual in later generations, but during the Longqing period of the Ming Dynasty, it was definitely a pioneering work.

    It¡¯s not that others are too stupid, but because the business strategies of bank accounts in this era are very conservative, making it difficult for malicious runs to be effective.

    For example, banks are very careful in choosing the location for their semicolons. In addition to the location's own developed economy and prosperous commerce, convenient transportation is also very important.

    For example, Chengdu was one of the most prosperous cities in the Ming Dynasty, but none of the four major banks had a branch there.  There is no other reason. Traffic is not smooth, and it is inconvenient for the silver in stock to flow from other places.  In order to ensure the operational safety of the Chengdu branch, it is necessary to prepare an inventory of silver several times that of other places.

    So each company simply gave up on Chengdu and only operated in cities along the Yangtze River and canals.  In this way, if there is a shortage of silver somewhere, the head office can immediately transport cash from elsewhere to support it through convenient water transportation.

    Why is there a five to ten day payment period?  Just to prevent this from happening.  With the grace period, they are not afraid of withdrawing large amounts of cash in a centralized location.  Although banks also lend money at this time, the amount is not large, accounting for at most 10% of the deposits, and definitely not 20%, so banks are not afraid of runs.

    But the interruption of water transportation has brought the convenient transportation of the Grand Canal to naught. Naturally, banks cannot support each other, which makes long-distance exchanges extremely risky.

    But for the bank business, credit is extremely important.  Since you promised when you made the deposit that it would be available within five days, then any excuses are useless.  If you don't see cash for five days, customers can smash your sign and put you out of business.

    Of course, only the section from Xuzhou to Huai'an of the canal has been abandoned, and sailing from Xuzhou to the north is still barely possible.  Jiangnan Bank can still borrow some positions from branches in Jining, Linqing and other places in Shandong to meet emergency needs.

    But Song Xiaoming had calculated it for them. Even if the Jinan branch was included, all four branches of Jiangnan Bank in Shandong would be able to help Xuzhou with three million taels.

    As for the branches in Beizhili, they were beyond their reach. When they brought the money, the day lilies were cold.

    In the past few months, Shopkeeper Song has been secretly analyzing"I understand." Richard nodded and said to Jiang Dou, "Count me in."

    "Old Li, if you are not familiar with this place, you don't need to go." Governor Jiang advised.

    "I can't sit still in the business, so let's go together." Richard said with a smile.

    "Okay, let's go eat together." Governor Jiang laughed, feeling that Supervisor Li was more pleasing to the eye.

    ??~~

    Sure enough, when the five people came back from outside in the middle of the night, they were all gray-headed and empty-handed.

    The five people sat silently in the flower hall, no one wanted to speak.  The kitchen brought them midnight snacks, but no one moved their chopsticks.

    They have visited all the large and small banks on Nanmen Street, and they have all offered loans at double the normal interest rate. In the end, they only borrowed 200,000 taels from Wanyuan Bank.

    The rest of the banks either complained that they were poor and couldn't get the money out, or they were sarcastic Those banks that bought silver notes on a large scale even said harsh words to each other, saying things like, 'you too have today', 'it's really bad retribution', etc., which can make people angry to death.  .

    After a long while, Jiang Dou, the bank president, calmed down first and forced a smile on the four of them: "The good news is that Wanyuanhao and Xinlong are not involved. Guanghengtongji's family is the one who took the lead. We are not counting the betrayal and separation."  .¡±

    But everyone couldn¡¯t laugh. There was always a bank boss who was lax, and his words revealed that Hengtongji¡¯s shopkeeper Song Da had been planning this matter for several months!  Hengtongji, a powerful and wealthy man, was caught off guard by such a deliberate attack. How could Jiangnan Bank withstand it?

    "President, how about tomorrow" Manager Mao asked tentatively: "Let's find a reason to close the business?"

    "That's nonsense. They have arranged everything step by step. How can they allow you to hang up your no-war card?" Jiang Dou scolded and said flatly: "If we don't open on time tomorrow, someone will definitely smash up our store and it will be over in one fell swoop!"

    As he said that, he picked up his rice bowl and said, "Eat, there will be a fierce battle tomorrow."

    "Yeah, let's eat." Richard also picked up his chopsticks and said to the three managers: "Isn't there still five days? The group's board of directors and president will definitely be able to come up with a solution. We have to persist to the end, otherwise there will be a solution  It¡¯s no use anymore.¡±

    "Oh, let's eat" The three of them finally picked up their rice bowls and reluctantly started eating.

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