The shareholders of Jiangsu and Zhejiang Bank and the businessmen of the board of supervisors could not have imagined how these grain merchants could get so much money, because they not only had a single activity of grain management, but also used more funds for manufacturing and overseas development.

It's like people often say that the way is walked by people, and the method is also thought out by people. At the beginning, these grain merchants still borrowed from the Bank of Jiangsu and Zhejiang in a regular manner, coupled with their own working capital to hoard grain, the scale is completely controlled within the scope of their control, and it is still a general business behavior, it is natural to make money in business, it is understandable, the funds are not enough to use, it is normal in the grain harvest season, even in later generations, the state also has special banks to support the State Food Administration to purchase surplus grain, and now it is the same, after all, only circulation, Only by exchanging surplus grain into silver could commerce flourish.

But this time the grain hoarding is obviously not an ordinary seasonal purchase, these grain merchants are hoping to take advantage of the large-scale drought in the Ming Dynasty to hoard grain, in an attempt to obtain additional profits, so that the nature has changed, from the ordinary grain business to a commercial war, but the opponent they encountered is the strength of the Ming Royal Trading Firm, which is much stronger than them, coupled with the deep Tenglong Bank as the backing, it is strange that they do not fail, not to mention that under the guidance of Zhu Youxiao, Niu Jinxing started the layout earlier, Let them get into the sleeve at once.

Originally, Zhu Youxiao's idea was that one side was in trouble and all sides were supporting, and he also wanted to buy grain from the south at a normal price, or a price slightly higher than the normal year, and even the country's household department prepared a certain amount of relief funds, and used the money to help the area to tide over the difficulties, but the plan was disrupted by greedy businessmen, and Zhu Youxiao also had to let Niu Jinxing come forward to manipulate this matter, but these grain merchants would think so much.

When the grain merchants found that there were opponents in the market began to compete with them and compete to raise the price of grain, they began to continuously increase the purchase price, and the natural cost continued to rise, and the funds were not enough to use and naturally began to borrow from the bank again, these grain merchants are also shareholders of Jiangsu and Zhejiang Bank, or old customers, naturally their loans are very convenient, even if the loan scale exceeds the usual years a lot, the bank's credit manager also believes that the north has encountered a large-scale drought this year, and it lasts for a very long time. The large scale of food that may be needed naturally leads to higher food prices and more funds.

However, when the grain merchants found that their funds were far from being able to control the price of grain in the market, especially the Daming Royal Trading Bank had been continuously selling grain at a flat price, they raised the purchase price of grain again, trying to force the Ming Royal Trading Bank to increase the cost of purchasing grain, and then sell it at a high price, which inevitably required more funds to manipulate the market, so they borrowed more money from the bank again.

When the Daming Royal Trading Company began to restrict the supply of rations to the public, they thought that the opportunity had finally arrived, and began to see the opportunity to make money, but unfortunately this pass lasted too long, and the cost of the grain they purchased was too high, and the shortage of funds began, if the capital chain was broken at this time, they not only could not make money, but also had to lose money, so more crazy means appeared, which was the means that the shareholders of Jiangsu and Zhejiang Bank and the board of supervisors were surprised by the means.

By bribing the credit shopkeepers, the grain merchants made them write a large number of blank checks, that is, they used the bank's credibility to issue unlimited bonds and short acceptances, and the high interest immediately attracted a large amount of hot money into the hoarding grain market, and the usury merchants added fuel to the fire, and persuaded their relatives and friends to absorb huge amounts of money through their incorruptible tongues, and the grain merchants did not care where the money came from, as long as it could be used, the purpose was to control the price of grain in the shortest possible time.

The grain merchants who were forced to a dead end also brought the treasurers in charge of credit of the Jiangsu and Zhejiang Bank to a dead end. The credit managers find themselves in a trap of a dead circle, if they do not continue to lend to the grain, they may go bankrupt, then the money they take out will not be recovered, and the banks will suffer huge losses, and if they continue to lend to them, they do not know how much it will take to fill this bottomless pit.

Seeing that the kidnapped bank credit managers could not continue, there were more and more over-issuance of bonds and short acceptances, the amount of money that needed to be cashed out was getting larger and larger, and the acceptance deadline was even more imminent, so they had to dismantle it from other commercial banks. The largest commercial bank is Tenglong Bank, but Niu Jinxing has already greeted them, and they can't receive a penny of silver at all, so they have to borrow from other local banks, and the amount of borrowing is terrifying to them, there is no way, their pressure is too great.

Among these local commercial banks, the most closely related to Jiangsu and Zhejiang banks are Quanzhou Bank and Guangzhou Commercial Bank, and their strength is also very strong, so the borrowed funds are also the most, although the Shanxi Bank is also very abundant, but conservative habits make them dare to borrow a limited amount, and in the end they receive the smallest loss.

When Zhu Youxiao ordered Yang Lian to start increasing the proportion of the central bank's reserves, the market began to tighten, and monetary funds began to tighten, especially when the run began to appear at the door of the savings bank of Jiangsu and Zhejiang, the commercial banks in various places finally saw the power of financial control for the first time, and realized that this was not the previous era when the money banks in various places went their own way and could do whatever they wanted.

Whether it is the Bank of Quanzhou or the Bank of Guangzhou have begun to seek from the Bank of Jiangsu and Zhejiang has matured or will mature bills, the huge pressure so that the management of the Bank of Jiangsu and Zhejiang is unable to think of any way to deal with it, at the temporary general meeting of shareholders of the Bank of Jiangsu and Zhejiang, the management of the bank reported to all the major shareholders will face the dilemma, hoping that everyone will work together to tide over the difficulties to ensure that the bank can continue to operate.

No matter how loud the slogan is shouted, it will not work, the key is that this requires shareholders to take out real money from home to fill this hole, are shareholders all fools? Obviously not stupid, they asked for a galaxy explanation of the operation of the bank, why such a bad situation, and what did the board of supervisors do? Why don't you stop the signs of this when they appear? But these are all afterthoughts, and even the removal of the current management and supervisory board will not help the bank's embarrassment.

Yang Lian consulted the Jiangsu and Zhejiang Bank about the investigation of his subordinates, asking for an explanation. As for their shareholders, all shareholders who participated in the hoarding of grain will naturally pay all their property, not only limited to the funds they issued to the bank, but also the shareholders who did not participate in this matter are also willing to make certain compensation, provided that they can keep Jiangsu and Zhejiang Bank from going bankrupt.

Looking at the faces of these people, Yang Lian really wanted to beat them to relieve their anger, and then bankrupt the Jiangsu and Zhejiang banks, but in this way, the price that the central bank needs to pay is too great, not to mention anything else, even if the compensation of small and medium-sized depositors is at least 100 million taels of silver, if the household department is innocent to take out so much money, or the central bank's reserves take out 100 million silver, the people in the yamen will send themselves to prison, and they will be derelict in their duties!

Thinking about the holy decree that the emperor gave him, and looking at the three words "debt-to-equity", Yang Lian finally understood what the emperor really meant, not to ask him to find a way to find Niu Jinxing and get help from Niu Jinxing, but to point out the solution to the problem to himself a long time ago.

Whether it is the Bank of Quanzhou, the Merchant Bank of Guangzhou, or the conservative and cautious Shanxi Bank, they all control a large amount of debts or bonds and acceptance bills of the Bank of Jiangsu and Zhejiang, and count these as debts, and then negotiate with the shareholders of the Bank of Jiangsu and Zhejiang, and let them discuss how to deal with this problem.