Almost every suggestion from Hurd was a suggestion put forward by Chen Zhiting after Zhu Jinglun discussed it with Chen Zhiting. Pen "Fun" Pavilion www.biquge.info

If it was all thought of by Hurd himself, Zhu Jinglun absolutely didn't believe it, Hurd had obviously inquired about what Zhu Jinglun wanted, and asked to see him, and under the banner of making suggestions, he suddenly asked for help, if he wanted to say that everything was improvised, I am afraid that Hurd would think simply.

Zhu Jinglun couldn't help but be secretly surprised in his heart, and the surprise was not that Hurd was so painstaking, but that Hurd had the ability to find out the conversation between the Ming Emperor and the prime minister so clearly, and what secrets did Hurd not know, what Hurd knew, and he didn't dare to guarantee that Britain didn't know.

Hurd's energy in the Ming officialdom is deeper than Zhu Jinglun imagined.

However, Hurd, who had been low-key for the past few years, suddenly jumped out and completely obeyed the emperor's wishes, and it was impossible for him not to know that this would make him offend the civil official group, unless he was already sure that he would be able to challenge the Chen Zhiting group.

Hurd helped the imperial power to suppress the bureaucracy, so what he wanted would certainly not be a small profit.

Zhu Jinglun has long known that Hurd's plan is very big, and now that Hurd has jumped out, he must feel that the time is ripe for him to take the position.

It just so happened that Zhu Jinglun needed to appease Britain at this time, and Hurd's identity as an Englishman might be time to use it.

Zhu Jinglun immediately agreed that Hurd would come forward to discuss the loan with British capital, and by the way, he would visit Britain as the plenipotentiary minister of the Ming Dynasty to Europe, during which Hurd would be fully responsible for the debt and diplomatic matters.

Hurd soon assembled a large team and set off for Europe, so that they could not only contact Britain, but also contact other countries, even France, which could be regarded as a delaying strategy, not only to win the support of Britain and other countries, but also to stabilize France as much as possible.

The draft of the domestic navy budget plan has been released, and in order for the navy to be on par with France, it is necessary to build at least 30 ironclad ships, and the average price is calculated at 1 million taels, which means 30 million taels. In addition, there are small auxiliary warships, such as torpedo boats, and other new warships that have appeared in recent years, plus the budget for training, at least more than 50 million taels.

In addition, in the event of a full-scale war with France, the main battlefield will definitely be on land, so the army must strengthen its armaments, and the cost cannot be less than that of the navy.

Therefore, the Ming Dynasty had to raise at least 100 million taels of military spending for this war, which was only the cost of the preparatory stage.

Therefore, Zhu Jinglun instructed Hurd to raise at least 100 million pounds in Britain, the gold content of the pound is 7.32238 grams of pure gold, and the gold content of the Ming Liang is 3.125 grams of pure gold, and 100 million pounds is equivalent to more than 230 million Ming taels, which is enough to cope with the expansion of the armament war.

Hurd's greatest mission was to borrow money from Britain and get the assurance of continued financing, not how much money to borrow all at once.

After Hurd left, it was November.

The French military campaign in Vietnam continued, and of course, they were not fighting the Vietnamese army, but against the local armed forces that did not obey France.

The focus is on the upper reaches of the Red River, entrenched in the area of Lao Cai, and the Black Flag Army is reclaimed and operated.

Under the leadership of Liu Yongfu, the Black Flag Army adopted an attitude of cooperation with the Vietnamese government, helping the Vietnamese government to suppress Li Yangcai's armed forces, which threatened to seize the world of Vietnam, and suppressed the armed forces of Huang Chongying's Yellow Flag Army, which was entrenched in the Shizhou area south of the Red River, and then the Black Flag Army took its place and became the most powerful peasant army armed force in the North Aki region of Vietnam, and even the most powerful armed force, even the Vietnamese army could not confront him head-on.

As a result of the Black Flag Army's attitude of cooperation with the Vietnamese government, the Vietnamese government allowed them to legally reside in the Red River Delta region of Vietnam and allowed the Black Flag Army to set up cards in the area around Bao Thanh to collect taxes.

After the Black Flag Army had a stable life, soldiers and officers returned home to bring their wives and children to live in Vietnam, and became semi-independent armed immigrants entrenched in North Vietnam.

Moreover, after the Black Flag Army gained a foothold in the Red River Valley, many fellow villagers came to him, "the poor people in the area of Fangcheng in Qinzhou raised their own road expenses and traveled thousands of miles to Vietnam to find Liu Yongfu", and Liu Yongfu in order to expand his strength, not only took in these people, but also funded them to reclaim the land.

With the help of these poor peasants, who were willing to fight to the death against anyone in order to protect their land, Liu Yongfu's Black Flag Army became the largest armed force against the French.

In April this year, the French colonial naval commander Li Weiye led more than 400 French troops to attack the paper bridge in Huai Duc Fu in the west of Hanoi, and Liu Yongfu commanded the Black Flag Army to set up an ambush at the Guandi Temple on the west side of the paper bridge, and after three hours of fierce fighting, about 200 French troops were killed and wounded, Li Weiye was killed, and the French army was defeated.

Liu Yongfu was promoted to the governor of Sanxuan Zheng by the Vietnamese government because of his outstanding military achievements, and also became a thorn in the side of the French army, although the small Vietnamese court surrendered to France and signed an alliance under the city, but the local forces in Vietnam did not obey, and the governor of Beiqi in Vietnam was extremely supportive of the Black Flag Army to resist France.

The French continued to increase troops in the Red River Valley, and in order to avoid fighting with the Ming Dynasty in advance, they maintained restraint north of the Red River, and advanced step by step in Henan and other places, squeezing the living space of the Black Flag Army. Although the Black Flag Army relied on the favorable conditions of the terrain to block the attack, it was still in a disadvantageous position, and had to keep retreating, and suffered heavy casualties.

But it is not easy for the French army to completely exterminate the armed forces of the Black Flag Army in the mountainous areas of the mountains, and there is more than one Black Flag Army in the local area, according to the intelligence reality, there are a total of 153 units of Tiandihui armed forces active in the northern Vietnamese region, of course, most of them are small forces, entrenched in the mountains and valleys, but there are also armed forces that can compete with the Black Flag Army, such as Ye Chenglin, who inherited the rest of his troops after Huang Chongying's death, still holds the actual power from Baosheng to Hanoi in the area of ten continents.

So the "sweep" of the French did not take a few years and could not have been successful.

As one of the tactics of delaying the French army, the Ming began to communicate with these Tiandihui forces, and secretly sent them a large amount of military equipment, so that they could pose a greater threat to the French and further delay the pace of the French advance to the upper reaches of the Red River.

At the end of November, there was a sudden change in the Vietnamese court, and the 38-year-old Emperor Nguyen Phuc Thanh suddenly died, and it was rumored that he was poisoned by Nguyen Van Xiang in collusion with the concubines of the Third Palace. After the death of Emperor Concord, he was succeeded by his nephew, the fifteen-year-old Emperor Thien Phuc Ho, Nguyen Phuc Hao.

As a result of this coup d'état, it is said that the French were very unhappy because Emperor Concorde was pro-French. Nguyen Van Xiang offended the French by poisoning Emperor Concord, so anti-French voices began to appear in the Vietnamese court. A large number of officials, angry at France's continued encroachment on Vietnam, secretly promoted the anti-French movement.

Over the past year, not only the diplomatic situation is unstable, the private economy has also fluctuated greatly, during the economic upswing, the capital of the Ming Dynasty has expanded greatly, the capital of the raw silk industry has doubled compared with the past, the silk reeling factory with neat power has reached 5,000, the tea factory has expanded by 50 percent, and more than 8 million quintals of tea have been produced, and more than 5 million quintals have been used for export.

As a result, the economic crisis hit, thousands of silk reeling factories closed down in an instant, and tea production fell by 30%, and it was clear that the first capitalist-style overproduction industrial crisis of the Ming Dynasty broke out in these two most mature industries.

The government's efforts to bail out the workers were to no avail, the spread was too widespread, the government was in financial difficulties, and it had to fight the crisis of the collapse of the financial order with all its might, so it had to accept the closure of these poorly run factories.

In other respects, however, the impact is smaller, and the cotton textile industry has even grown against the market, continuing to expand investment in production and sales, and the power of Chinese mainland markets opened by railways continues to emerge.

Although the economy of the mainland is backward and the handicraft industry is still the mainstay, when even Guizhou, a place that does not produce cotton, begins to appear hand-weaving workshops, it means that the market prospect of Daming machine cotton yarn is very broad.

However, at this time, the most economically developed place, on the contrary, the economy is the most difficult, there is still a central bank in the Ming Dynasty to stabilize the financial order, and the financial order of the Manchu Qing Dynasty is almost completely collapsed.

However, the Manchu Qing Dynasty did not establish any perfect financial order, but allowed the people to develop naturally, using the classical silver standard, anyone has the right to cast silver ingots, and there is no unified standard, some silver numbers cast horseshoe silver, some cast ship-shaped silver ingots, some cast silver bars, and so on.

There are also banknotes, and the banknotes of foreign-funded banks circulate in various ports, but the largest banknote currency is still the banknotes issued by the bank.

However, it has suddenly entered a world capital system from an agricultural society, and Qianzhuang, a financial institution born within China, has not yet experienced the baptism of modern capital, so it has not yet formed a good risk control system, and its capital accumulation is not enough.

The capital is small, the loan is too much, and the risk is too great, which will inevitably cause the credit of the money bank to be low, so the credit of their banknotes cannot compete with the paper money of the foreigners, and they cannot bear the responsibility of the currency of the north, so most of the money banks are dependent on the development of the foreign bank.

Among these foreign banks, the largest strength is actually the capital of the Ming Dynasty, HSBC is the largest of them, and also controls several other foreign banks, forming a top-down financial system, but HSBC does not have the status of the central bank of the north, because HSBC as a good at controlling risks, and profit as the largest purpose of the bank, is not willing to take risks for the entire market, when encountering financial instability, HSBC is the first to withdraw funds.

Therefore, once the economic crisis breaks out, Shanghai's financial market will be in a state of collapse, and it will continue to be depressed for a long time without rectification.

Zhu Jinglun planned to rectify Shanghai's financial order, but instead of seeing the economic crisis as a disaster, he saw it as a godsend.

If anyone can rectify Shanghai's economy at this time, then whoever will inevitably take charge of Shanghai's financial bull's ear in the future, just like Morgan Bank to save the US financial order again and again, so step by step into the position of the US central bank, the United States has no central bank, Morgan is the central bank.

It was the Guangfu Bank, which had just resumed business, that undertook Zhu Jinglun's rectification of Shanghai's financial order, and the large amount of cash stored in the bank's vault became a sharp weapon for Zhu Jinglun to open and close vertically during the financial crisis.

If it succeeds in rectifying the order in Shanghai, Guangfu Bank will not only be able to lay a solid foundation in Shanghai and get off to a good start, but will also lay the foundation of Shanghai's central bank, which is equivalent to the central bank of the Manchu Qing Dynasty.

Guangfu Bank's first action was soon launched, which was to save the most down-to-earth, active and fragile sector in Shanghai's local financial industry: Qianzhuang.

At the beginning of the year, there were 78 money banks in Shanghai, but now there are only 10 left.

The financial crisis is like a plague in nature, not necessarily death, but also health, and the bankruptcy of poorly managed companies, like the death of the old, weak, sick and disabled creatures, will leave the living space for those healthier kind.

Now that 87 percent of Shanghai's money banks have closed down, it can be said that those who should have gone bankrupt have gone out of business, and the rest of those who have survived the cold winter should usher in a warm spring and a good opportunity for development.

It would be too sad for anyone to fall on the winter night on the eve of spring.

Zhu Jinglun believes that the power of the financial crisis has been unleashed, and the money banks that still exist are already the strongest and healthiest money banks. With a little support, they can survive this winter. The current crisis in the money bank industry is probably more caused by the panic after the financial crisis, and everyone is tightening the monetary system and dare not keep the money in the bank. As long as confidence is restored, the crisis level of Shanghai's money industry can pass.

To inject confidence into the Shanghai market, Zhu Jinglun chose to bail out the largest local bank, the soon-to-be-closed Fukang Bank!

Fukang Money Village is the largest money bank in Shanghai, and it is the asset of the famous Hu Xueyan, who lost millions of taels of silver due to Hu Xueyan's speculation, resulting in a tight capital chain and has begun to be run by depositors.

Before the economic crisis, the funds that could be mobilized were as high as more than 20 million taels, and it was impossible to rescue such a giant crocodile without paying a huge price, but Zhu Jinglun decided to save it from this bank.

In addition to his appreciation of Hu Xueyan as a capital giant, it is mainly because Zhu Jinglun believes that bailing out Fukang Qianzhuang is actually the least costly, and his view makes Wu Shouye, the chief treasurer of Guangfu Bank, who is responsible for the implementation of the rescue operation, quite disagree.