Section 664 Chartered joint-stock company
As soon as he took office, the railway company was shut down, this kind of thing Tang Tingshu couldn't accept in any way, if he knew that there were so many troubles, maybe he wouldn't take office, but since he came, he didn't have the habit of giving up halfway. Pen × fun × Pavilion www. biquge。 info
He is also a very strong person, when he presided over the Kaiping Mining Bureau, he could settle accounts with Li Hongzhang face to face, and he would not give in at all, and now he would not retreat in front of the stumbling blocks given to him by these Ming power groups.
He knew that the direct cause of the current difficult situation was Hao Kejiu, the general manager of the arsenal, who was born in Jin Shang and had no friendship with him, but he still went to visit him for the first time, which was regarded as a bye to the dock, he knew that Hao Kejiu had a grudge in his heart, and the railway belonged to the arsenal before, that is, it belonged to Hao Kejiu, and now it is in his hands, which is considered to be robbing people's roads.
He proposed to Hao Kejiu, hoping not to recall those old people from the arsenal, otherwise if the railway is suspended, it will make things bigger, and no one will look good, Hao Kejiu said that those guys came back voluntarily, and he didn't have a reason to stop them, in the final analysis, they are all people from the arsenal, and many people came to the arsenal earlier than him Hao Kejiu, so there is no reason why people will not come back.
Tang Tingshu knew that Hao Kejiu's road would not work, so he just said hello and saluted first and then soldiers. He told the officials of the household department that once the railway was suspended, he could not afford the losses caused by Tang Tingshu, and he could leave at any time, but if the household department was involved in it, he could not help.
Tobe really didn't dare to take the risk of the suspension of the railway, and there were people behind the scenes who negotiated with the arsenal, and the result was that the arsenal informed the guys from the arsenal that they could continue to stay on the railroad before the end of the year, and as for the new year, it was up to them to volunteer.
There was not much time left for Tang Tingshu, he immediately started running from train station to station, talking to each stationmaster, listening to their attitudes, asking them what they thought of the railway, and found that most people were very confident in the railway, but most people couldn't let go of the arsenal.
He didn't have time to do all the work, he just said what he could, promised a raise, the past dividends remained the same, and they still maintained the size of the arsenal. He found that the old managers at the level of stationmasters had a deeper affection for the arsenal, but a group of young second-in-command and third-in-command had their own minds, and he directly promised these people that if they accepted the railway station, they would be competent.
The same thing happened to the train driver, who was able to pull and pull, and in the process of rushing to the next station by train, he kept communicating with these old drivers, and he was also able to pull the master to pull the master, but not the master to pull the apprentice, in short, he also attracted a group of people.
This action is three months, before the end of the year, the arsenal took away a large number of technicians and managers, but the train did not stop, Tang Tingshu intensively promoted a large number of apprentices, for safety reasons, under the suggestion of Chen Rail, reduced the density of the train, Chen Rail is the second person under Tang Tingshu, because Hu Dajian is also gone.
The railway survived the first hurdle without danger, but Tang Tingshu found that he couldn't find anyone to repair the railway, and the railway technicians ran back to the arsenal, and he didn't take these railway engineers into account for the only purpose of railway operation before.
For the time being, he can't take care of it so much, and now he has to deal with the listing of the railway company, the listing of the railway company, this is the decision of the high-level of the Ming Dynasty, and he did not consult Tang Tingshu at all, he can see that the Ming government intends to treat him as a worker.
He is very dissatisfied, but he is not a person who feels sorry for himself, everything is done by people, the Ming government can treat him as a coolie, and he himself can't take himself lightly.
He wants to prove his strength to certain people when the railway company goes public.
He rushed to Shanghai and Hong Kong, mortgaged his pawnshop, money bank, tea shop, and real estate to various banks, and borrowed money from various old friends through his own connections, and finally he raised 10 million taels of funds.
The way for the high-level management of Daming to sell the railway company is to give the company a listing license, allowing the railway company to raise funds through the sale of shares, which is called a chartered joint-stock company in the joint-stock company law issued by Daming, not all companies have this qualification, and must be personally approved by the Ministry of Household of Daming.
Ordinary enterprises want to be listed on the exchange to trade stocks, that must be reviewed by the exchange, there are three years of continuous business, two consecutive years of profit, and tax records must be complete and so on, because there are many restrictions, so the stock exchange of Daming is listed, mainly all kinds of bonds, there are bonds of railway companies, bonds of various governments and so on. The real stock trading is limited to a few tea plantations run by foreigners.
I heard that this set of stock regulations, which can be called the strictest in the world, was approved by the Ming Emperor, and it is far more difficult than the joint stock companies of the United Kingdom and the United States to issue shares.
This is good news for Tang Tingshu, because due to the strict restrictions, there are not many stocks that can be traded, there are not many people who buy and sell stocks as a business, and there are even fewer professional stockbrokers.
After the Lantern Festival in 1881, on Kowloon Harbor Cargo Colony Street, Tang Tingshu's carriage came here early, he did not enter the exchange, he booked a seat in a nearby café.
This is the most prosperous street market in Kowloon Harbor, opposite is the Customs House, behind the Customs House is Victoria Bay, the scenery is similar to the Bund, the difference is that the Bund is really the world of foreigners, and here is the home of Ming merchants, so Shanghai is a high-rise building one after another, and here is more Chinese buildings with blue bricks and blue tiles, but even if it is a Chinese building, most of them are high-rise, because the land price is too expensive, and if you don't build a high-rise building, you will lose money, so in addition to a few temples, Mazu Temple, Guandi Temple and City God Temple, it is rare to see the courtyard, and the degree of crampedness is even worse than that of the Bund.
The name of the exchange in the Ming Dynasty is called the Shosho, just like the exchange in Japan is called the Shoikesho, but it is just a matter of translation.
Because this street can be said to be because of the rise of trade, and most of the trade is centered on the cargo colony, the wharf, warehouse, handling industry, packing industry, printing industry, telegraph office and other industries around the cargo colony formed this street, so the street is also called the cargo colony street.
The Cargo Colony is mainly a commodity exchange, not only the local standard goods of the Ming Dynasty, bulk tea, raw silk, rice are traded here, and even a lot of raw silk in Shanghai are delivered here, and the Shanghai exchange co-founded by foreigners, although the broker guild has a large trading volume, but when trading, it is basically necessary to look at the price of the Kowloon Cargo Colony, it can be said that the Cargo Colony has the pricing power of raw silk and tea.
This made the relationship between Kowloon and Shanghai more and more like the relationship between New York and Philadelphia in the United States, and before the telegraph, the Americans even laid a flag line between Philadelphia and Wall Street, and every six or eight miles a person was deployed on a building or hill, holding a large flag and a clairvoyant mirror in his hand. The first person stood at the top of the Wall Street Mercantile Exchange and told the people of Jersey City across the Hudson River about the opening price of the New York Stock Exchange, and about 30 minutes later, the opening price could be transmitted to Philadelphia.
There was no such trouble between the cargo colony and Shanghai, and the telegraph had already been communicated.
Like the New York Stock Exchange, the stock exchange is membership-based, with only 500 people, and the price of a seat has been fixed at about 20,000 taels after so many years of ups and downs.
Tang Tingshu was the proprietor of the Xiuhua, the largest cotton store in Hong Kong, more than ten years ago, so he had a lot of dealings with the goods farm, he knew all the heads and faces in the goods farm, and the brokers of the goods and colonies also had guilds, and these people did a lot of things to speculate on prices.
He had already greeted several Xingdong and Xing Capitals two days ago, and he was determined to get the first batch of shares issued by the railway company.
At eight o'clock, the gong sounded, the cargo colony opened, the flow of people surged, brokers traded inside, all kinds of businessmen watched the market in the hall, and the big men were outside the field, and there were apprentices who copied out the prices they were interested in from time to time for them to make decisions, Tang Tingshu hired three such apprentices and let them take turns to come out to pass the market to him.
In fact, he has done a good job, few people understand stocks, there are only a dozen brokers who do securities trading all year round, and he has said hello to the leading people again, and no one will spoil his good deeds.
Sure enough, the first batch of listed railway stocks did not attract attention, everyone's interest was mainly in raw silk and tea, cotton was the third largest traded product, the price of securities was stable, and it was always maintained around the listed price, while Tang Tingshu was methodically eating one hand at a time.
In the evening, the first batch of shares issued by the railway company, 100,000 shares, had all been sold out, and most of them were in Tang Tingshu's hands.
In short, the average price of 100 taels allowed Tang Tingshu to win 95,000 shares, which was the first batch of shares to be issued, accounting for 10% of the total share capital of the railway company, which was almost the cost price, because the fixed asset investment of the railway company was also around 100 million taels, and it was obvious that they sold it at cost price.
This is obviously unreasonable, Tang Tingshu now holds a hundred percent of the shares, he knows that he should have a showdown with the household department, if it is sold in this way, the funds raised by the railway company will be just enough to repay the debt, and the money for building the railway will be gone, he has to tell the officials of the household department, let him handle it, the stock price will triple the price, and he dares to make a military order.