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Chapter 216 Extraordinary Means

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    As for how to solve the wave of bank runs, this is a difficult problem. There are several masters in the financial industry under Zhang Zuolin, such as Liu Shangqing, but they are unable to do anything about it.  The others were either from Zhang Zuolin's gangster background and could not read a few Chinese characters; or they were well-educated and wealthy, but had low vision and low skill, and kept a distance from finance and other matters, which were despised by the noble.  Seeing that there are so many people in the room, it¡¯s time to take charge.

    Liu Shangqing thought that in the past, money merchants used many excuses to allocate remittances when asking for redemption. Now, if they use the method of issuing a money order to remit the money to the money reserve merchant to purchase goods, they will not be able to claim for redemption in Fengtian.  The big bosses were arty and said in unison: "Not bad!"

    Although most people don¡¯t understand what it means, it¡¯s always good to think about it from the experts of First Finance.

    However, Zhang Hanqing poured cold water on everyone: "Although this method is good, it is only used by specific people. It cannot be widely circulated. It has a very narrow purpose and has little effect on solving the bank run trend." Finance Minister Wang Shuhan also shook his head and said: "Slowing it down is not enough.  urgent."

    The young marshal questioned the professionalism of General Manager Liu, and some people in the top military and political circles in Fengtian were dissatisfied: "You, marshal, are both civil and military masters, and you can build a good team in the military, but you don't rely on your father's strength? What about land reform?"  I don¡¯t know what the outcome will be, but now I have become a new figure in the political world. All the yamen in Fengtian are polite to you, the people of the "Fengtian Land Reform Committee". You have the face of the governor and the governor, so forget it. Now this is even the "iron abacus"  What do you, a child, know about big things that even Liu Shangqing can't understand? Those businessmen won't give you face, young commander!"

    However, Liu Shangqing lowered his head and thought for a while, then said with a blushing face: "Young Marshal is right, this cannot cure the root cause." He suddenly raised his head and faced Zhang Hanqing: "I wonder if Young Marshal has a way to solve this problem?" This Young Marshal often said  Surprisingly, things in the financial world are difficult to say, but there is no guarantee that the young commander will not have a solution.  Others may have secret criticisms about the Young Marshal's work, but I often have long conversations with the Young Marshal all night long, and I deeply admire the Young Marshal's abilities.

    Zhang Hanqing smiled slightly and said: "It's not difficult to say. I have two ways to solve this problem in one fell swoop!"

    Everyone was shocked.  They couldn't think of a single solution, but the young marshal had two as soon as he made a move.  There is no way, I won't be struck by lightning if I don't pretend.  To have an extraordinary influence in Fengtian, extraordinary means should be used in extraordinary times.

    Although Zhang Hanqing is frighteningly young, he always does what he says. He occasionally makes shocking statements, but they are quickly proven to be true. This gives him excellent credibility.  Regardless of whether you are satisfied with him or not, you can still take his words seriously. Especially since the assassination incident, Lao Zhang has obviously cultivated Xiao Zhang as his successor. He does not look at the monk's face but the Buddha's face. Xiao Zhang's influence has increased.  is reasonable.

    The young marshal's influence in the military world is very great. He almost came from behind and became a figure second only to Zhang Zuolin and Sun Liechen. As far as the senior Yang Yuting is concerned, he has to take a step back.  It's just that Xiao Zhang's status in the political world is not yet obvious. If the run crisis can be properly resolved, his presence in the political world will definitely be eliminated. This is one of the reasons why Zhang Hanqing spared no effort to solve the problem.

    Of course, paving the way for dad is another reason.

    It¡¯s like encountering a compass when you¡¯re lost, or a pillow when you¡¯re falling asleep.  Liu Shangqing has been immersed in the financial world for many years. This is the first time he encountered this kind of problem without a solution. His obsessed heart has been itching.  No matter who it is, as long as it can solve the puzzle, it is the great joy of life for him.  This young marshal really has extraordinary abilities. Not only did he come up with two methods, he also came up with two methods, which inevitably gave people a mixture of surprises.

    Zhang Hanqing did not hide it. He said: "After Xueliang thought hard, he suddenly thought of the Shanxi bill of exchange. The holders often exchanged it with each other on a credit relationship. Isn't this similar to banknotes? Can we  Issuing such a bill of exchange? As long as it is not cashed on the spot, won't the run on it gradually subside? Anyway, what we want is time."

    Mo Dehui retorted: "When remittances are sent to other places, it is all about big oceans. It is not suitable for the habit of using small oceans in Fengtian." When it comes to discussing matters, Zhang Hanqing is not in the habit of speaking out on his own.  Whether it is Mo Dehui who is close to him or others in Fengtian, they all know that the young marshal's habit is to talk about something in meetings and talk about nothing after the meeting.  Even if the argument turns red, it will not affect his perception of the other party, and may actually bring him closer.  Zhang Zuolin was also influenced by him. In Zhang Hanqing's private chats, he wanted to be a good boss who "accepts advice".

    Wang Ruizhi, the judge of the High Court of Justice, also suggested: "The word on the ticket is not as good as the word on the coupon."  As for the issue of Dayang and Xiaoyang, Wang did not express any opinions, because based on his life experience, he did not have any good ideas in the financial industry.

    Liu Zhongsan, the manager of the Zuoxin Printing Bureau, a subsidiary of the official bank of the three eastern provinces, his eyes lit up, and he interjected from the sidelines: "One dollar in the ocean is worth seven cents and two cents. If it is twelve cents in the small ocean, can it be worth it?"

    Zhang Hanqing clapped his hands and said: "Brother Zhong SanWhat I said was exactly what I wanted.  "

    Liu Shangqing suddenly realized.  He added: "We can use Xiaoyang as the basis and stipulate that twelve cents will be used as one Yuan dollar, which is called 'One or Two Ocean Exchange Notes'. The specific method is to store cash in Shanghai as a remittance and issue new notes.  , each dollar is equivalent to seven cents and two cents of cash silver. Merchants are allowed to purchase goods in Shanghai and transfer cash locally, but they are not allowed to redeem them in Fengtian. Small foreign bills of the official bank are not allowed to be used in Fengtian market, so this kind of exchange coupons  , which has replaced small foreign bills and is commonly used in the three northeastern provinces. As for the small foreign bills issued by Fengtian Industrial Bank and others, they are renamed bonds, with interest paid twice a year, and are still circulating in the market, neither exchanged nor cashed. Han Qing,  But what¡¯s your intention?¡±

    Zhang Hanqing echoed: "Xue Liang hasn't thought of so much. My nephew is just fanciful and doesn't want a blind cat to encounter a dead mouse. This is all Liu Shibo's idea. Does it work? Shi Bo has eaten more salt than Xueliang."  I have eaten a lot of rice, so I will naturally make big decisions." He laughed and said, "If it doesn't work, don't blame Xueliang for being too talkative, Shibo. Anyway, it was you who came up with the idea, and you can't blame me."

    The small foreign coupons that the landlords exchanged for their flesh suddenly turned into government bonds. In essence, it was equivalent to the government taking away their principal for use. What they could get was only twice a year.  Interest".  Since the bonds cannot be redeemed, no matter how they change, the government will not need to consider this principal for a while, which naturally makes it much easier.  These landlords worked hard to take advantage of the government's loopholes, and the bonds they exchanged for the property prices were no different from "renting" the land to the government. They also lost a lot of transaction fees, and invisibly gave the people  They saved a fortune.

    Seeing that he was so righteous, Liu Shangqing also laughed and said: "What the Young Marshal said will definitely work." The Young Marshal is not arrogant about taking credit and has always been approachable. This is one of the important reasons why he and Zhang Hanqing have become friends since many years.

    The plan for the "One or Two Ocean Exchange Notes" was approved at the end of 1916. It played a significant role in quelling the trend of bank runs and alleviating the financial crisis.  Since Zhang Zuolin came to power in Fengtian, he has taken many measures to maintain the stability of Fengtian, Zhong and Jiaotong, and has not allowed any slack, and prices have basically remained stable.  Among them, Liu Shangqing spent a lot of effort and effort. Therefore, he won Zhang Zuolin's trust and paved the way for his official career.

    Having solved a major problem, Liu Shangqing felt much better. He could finally breathe a sigh of relief and joke about Zhang Hanqing: "The young marshal just said that a two-pronged approach will work. One tube has already worked. I wonder where the other tube will go?"

    Zhang Hanqing restrained his smile and said calmly: "The bank run trend may be solved today, but if some people are still stubborn, they will make trouble again if they have the opportunity. This trend must be solved from the root. The government encourages normal business and finance  However, for those black sheep who are speculative and even rely on foreign forces to interfere with Fengtian's economy, we should use extraordinary measures to deal with them, cut off the mess quickly, and directly shock the followers from the source!"

    The people he was talking about who used foreign forces were Liu Mingqi, deputy manager of Industrial Bank, Huang Xianting, deacon of "Ruihuanchang" gold store, and five other people. They colluded with the Japanese to carry out bank runs in order to bring down Fengtian Financial and allow the Japanese to take advantage of the situation.  , this is a fact known to everyone in Fengtian.

    Liu Mingqi, deputy manager of Industrial Bank, started out as a comprador and speaks fluent Japanese.  He has some economic acumen. During the many runs in Fengtian, he took the opportunity to lower the exchange rate of small foreign notes for large oceans and earned a huge price difference.  Anyway, he is in a bank and has unique conditions.

    The Japanese also came to him and gave him a lot of benefits, asking him to use the silver coins stored by the Japanese to continue to trouble Fengtian: In a series of contests, not only did they fail to do anything to Zhang Zuolin, but they also made him more and more energetic.  According to this process, it is only a matter of time before Zhang Zuolin becomes the king of Northeast China.  The key is that neither Lao Zhang nor Xiao Zhang seem to be very interested in the Japanese. This is one of the reasons why Japan wants to work hard to reduce the power of the Zhang family.  Without money, all Zhang Zuolin's dreams would not come true.

    Hatred for the Japanese is hidden in the hearts of many Fengtian military and political leaders, especially Zhang Zuolin and Zhang Hanqing. They were repeatedly restrained by the Japanese but could not retaliate.  Now that there was this good opportunity, Zhang Hanqing naturally proposed it without hesitation.

    Liu Shangqing strongly agreed. He understood the meaning of the young marshal's "extraordinary means".  He firmly believes that as long as these instigators are shot, at least Fengtian will no longer have an outright leader, and the impact on those who follow the trend will be huge.  If the "One or Two Ocean Exchange Notes" are put into practice, Fengtian's financial crisis will definitely be eliminated. This is probably the meaning of the "two-pronged approach" that the young commander believes, right?

    He felt indescribably happy in his heart and asked Wang Ruizhi: "How is it?" Wang Ruizhi is a famous judge after all. It would be great if the matter of suppressing illegal money dealers can be solved legally.

    Wang Ruizhi said: "This matter should be handled by the court."

    After hearing this, Liu Shangqing said disapprovingly: "The judges stick to the rules and the procedures are cumbersome, which may lead to leniency. Even if they are sentenced to death, it is better to set an example to the city and the court, and it is better to use extraordinary measures to suppress the trend of bank runs."

    Zhang Zuolin was very satisfied.  Solving the run problem is the most important thing. As for shooting a few Japanese lackeys, that is the best thing.  The Japanese are still lingering. First they mobilized troops, and now they are pinching their pockets. This is intolerable.  He slapped the table: "These people will be arrested immediately and executed tomorrow in Daxi, as a warning to others!" (Remember the website address: www.hlnovel.com)After hearing this, Qingqing said disapprovingly: "The judges stick to the rules, and the procedures are complicated and may lead to leniency. Even if they are sentenced to death, it is better to set an example to the city and the court, and it is better to use extraordinary measures to suppress the trend of bank runs."

    Zhang Zuolin was very satisfied.  Solving the run problem is the most important thing. As for shooting a few Japanese lackeys, that is the best thing.  The Japanese are still lingering. First they mobilized troops, and now they are pinching their pockets. This is intolerable.  He slapped the table: "These people will be arrested immediately and executed tomorrow in Daxi, as a warning to others!" (Remember the website address: www.hlnovel.com
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