The gate of the wild goose was closed. Zhou Cang took the telescope to check some of the situation in the distance, but unfortunately, he couldn't see anything inside the telescope.

"These are all small fights, when will we also attack two or three cavalry regiments." Pei Yuanshao said angrily.

Come to the North. Basically, they were all closed doors, carrying out all kinds of defenses, and the officers and men were a little slack. In order not to let the officers and soldiers slack off. Zhou Cang has already conducted two exercises of different sizes, but even so, the situation still cannot be effectively changed.

"We still have to build up our own cavalry, without these cavalry, we can't do anything." Zhou Cang said.

"That's the way it is, but a lot of things we can't do if we want to. There are no horses, so how can you attack, and you can't use mules, right? Pei Yuanshao said.

"Those hired cavalry do have horses, but they just don't give them to us, and we don't have a good way, don't you say?" Pei Yuanshao said helplessly.

"But they also have some credit. We can't do it yet. It's really embarrassing, without cavalry, the north can't attack, many horses can't be used, and the horses of the cavalry are also very harsh. It's terrible. Zhou Cang said.

Most of the north is defended by infantry, and the attackers are mercenaries, and the scale is not very large, most of them are about a hundred people, if it is too big, many things will become difficult to handle, this is the current situation they are encountering.

The expansion of the size of the cavalry was not an easy task, as the strategic center of the Republican Army moved south. Military spending is somewhat less in the north, and on the whole, the north is in a state of defense, and it is extremely expensive to build up cavalry, without which it is extremely difficult to build up in a relatively short period of time. This is not an easy thing for them.

In the case that the whole is defensive, the tactical sortie is handed over to those hired cavalry, but most of their role is to attack, harass, and it is difficult to form a great advantage in the scale of the campaign.

"Otherwise, our infantry will boldly attack, which is what we did when we didn't have cavalry before." Pei Yuanshao suggested.

"No, our troops are not enough to defend ourselves, if we attack boldly, how can we guarantee logistics and supplies?" Zhou Cang asked.

"Besides, it's not bad that the infantry can advance fifty miles in a day. However, the protracted war can only be carried out for seven days, and if it is too long, it will not be able to hold out at all. But the cavalry on the opposite side, they can retreat sharply, and when we retreat, the other side can boldly pursue, which is an extremely unfavorable thing for us, we cannot do this, and we must not carry out such a thing. Zhou Cang said.

"I'm just talking." Pei Yuanshao didn't do such a thing, but he really did, they once tried to get a company to do experiments in depth, but the result was that in the absence of logistical supplies, it was difficult for them to do much, if it wasn't for the timely attack of the responding troops, the distance was not too far. Once they go too deep into the grassland, they simply can't afford such a situation.

But take a step-by-step strategy. The cost of troops and logistical supplies is quite terrible, but at present, it is extremely inappropriate, and the Republican Army does not have too many supplies concentrated in the north.

"Forget it." Zhou Cang said this, he also has his own troubles, the northern border is not very safe. Is it that there are small groups of nomadic cavalry infiltrating them, and the hired cavalry is extremely incompetent, they do not belong to the republican army in the first place, and it is difficult to work on such a thing. But it is this kind of harassment that hinders trade in the north, and it is foreseeable that if they do not take some measures, it will be difficult to avoid a series of unfavorable situations on their northern border in the future, which will be an extremely unfavorable result for them. It's definitely not something they could think of like that.

The War Department has already come up with the idea of expanding the demilitarized zone, but the expansion of any demilitarized zone is based on force, and it is still impossible to do so by relying solely on purchases.

Li Jiazhuang, War Department.

Shang Wu and Jia Xu are trying a new diet. Chafing dish. There is a lot of beef and mutton available in the north, and it is also good to pour those canned beef and mutton into the hot pot.

It's actually the Republican version of luncheon meat. It's just that the Republican version of the luncheon meat is still a little more, and at least it doesn't mix the starch into an extremely outrageous state.

"I didn't expect that there would be such a way to eat." Jia Xu said after eating some mutton. The hot pot is that you can put anything, and it is simple, and you don't need a special cook.

"I heard that this is from Handan, for a time many people are willing to eat, the consumption is still relatively high, no one spends 38 yuan for a meal, and there are many kinds of food provided, and there is no limit. Except, of course, alcohol. For a while, many people went to wait in line. Shang Wu said.

"This business really knows how to operate." Jia Xu is carefully calculating the cost, and after calculating it, they can still eat enough. Although there are many people in the Republican Army who can eat a lot, the food standard of 38 yuan a meal is still relatively high.

"yes. But it's also fun to be able to sit down and talk about something about hot pot. Shang Wu said.

"There is news from Handan that many bond prices have fallen below the issue price. If we can't control it, it will be extremely detrimental to the issuance of our war bonds in the next step. After all, when a war starts, no one knows how much it will cost. The benefits of war are also a very certain amount, and this is a very unfavorable thing for us. Jia Xu said.

The Republican Army's foreign wars are all supported by war bonds, and if it is purely supported by fiscal revenues, it is simply a joke. Because they simply can't hold it up for too long.

"There's too much debt. Some of the people have lost faith in us. That's the point, we have to restore our faith, otherwise the problem will be even bigger. "Sangwu sees the crisis behind it.

"Is there more projects under construction at present, or should we stop them, or contract them out to reduce the burden. In this way, you can reduce some of your debt. This is also a beneficial option for us. Jia Xu said.

"Well, that's a good idea, but it makes us less burdened. But many things are still not easy to handle, which is also a big trouble for us. Shang Wu said.

"It's not a very good idea, especially in the long run." Shang Wu said.

"I looked at it, and it was the land bonds, not the war bonds, that drove the decline, and there were too many land bonds, and the inability to convert them, which led to problems in the circulation of land bonds, which in turn led to all sorts of other problems. So, the crux of the matter is not the war, but the land bonds. Shang Wu said.

"Our land policy is good, encouraging centralized annexation of land, and maximizing the use of land. After all, such a thing as land annexation cannot be avoided, and the use of land bonds, to the greatest extent, is to ensure the wealth of the peasants to the greatest extent. But the problem is that the price of land bonds has been ruthlessly falling, at present, the interests of the peasants have suffered a great loss, and the peasants naturally hope to cash in the land bonds in their hands, after all, the price of land is more beneficial than paper money, after all, business is not something that many people want to engage in, although some factories have been established. However, factory workers also need a certain amount of living expenses. This is also a big shock for us. It's still big for us. Jia Xu said. The benefits of land bonds are obvious, but the problem is that you can't cash in on the price of land bonds, and no matter how good the bonds are, they can't be circulated, because land bonds are built on the basis of land.

Most of the current land is concentrated. Concentrated in the hands of a few, while more bonds are scattered in the hands of the people, whose land bonds are shrinking. This is also an important reason for the continuous decline of land bonds, and the Republican Army must mobilize the circulation of land bonds before it can make the next step. Otherwise, they simply wouldn't be able to do what they are doing.

"It sounds like a lot of work." Shang Wu said.

"Yes, on the one hand, we take back a part of the land bonds, which can reduce the number of land bonds, but in this case, the interests of the farmers will suffer, but if we buy them at par price, a large number of bonds will be exchanged at once, and we simply don't have that much money on hand to buy back. The money that is released is the key, a lot of money enters the market, prices will definitely rise, who knows to what extent they will enter. Jia Xu said.

"On the other hand, our expansion has stopped. There simply isn't much land to cash in. The people are disappointed, they have lost hope of getting the land, and this is also extremely unfavorable to them, and this situation is very unfavorable to them, and if this situation continues, it is unlikely that such things will be done. So, it's still extremely bad for us. Jia Xu said.

"Well, that's the way it is. If we want to solve this problem, it seems that we have thought of a way to solve the problem of land. "Shangwu doesn't want to blindly ease the currency.