Chapter 13 The stock market is like a rainbow

Southeast Asia is an ideal place for rubber planting, because of its proximity to China and a large number of overseas Chinese, Europeans like to set up their headquarters in the largest financial center in the Far East, S Sea, in order to raise funds. www.biquge.info Some of these companies have bought rubber plantations locally, and only need to wait for the glue to be produced or have even begun to produce the glue; some have just purchased the land and the saplings have not been planted; and some have never been to Southeast Asia at all, but just found a few names on the map and began to raise shares in the S Sea. They usually first obtain the support of foreign banks in the S Sea, and then advertise in the newspapers, vigorously publicize the bright prospects of the company, and claim that its shares can be pledged in cash at the face value of the foreign banks, so as to win the trust of the Chinese businessmen in the S Sea, and even the foreigners and foreign banks in the S Sea are also involved in a large number.

Foreigners kept spreading the market in London to the sea of S: a company issued 1 million pounds of shares, only to sell out in half an hour; A stock with a face value of 10 yuan rises to 180 yuan at the highest; Another stock, with a face value of $100, rose to $700 at its peak. This kind of market has greatly stimulated the confidence of S Sea investors, thus driving the S Sea rubber stocks to rise wildly. On December 1 of the first year of Xuantong, the stock of Langezhi Company was 920 taels, and on February 19 of the following year, it rose to 1675 taels, and the stock of another rubber company, the weighbridge company of Xuantong was 25 taels on January 10 of the first year of Xuantong, and it rose to 50 taels after a month and a half.

With such a positive stimulus, some people have even figured out what rubber is, and they have jumped into this stock boom. Of course, the tide makers in this great tide are the silver and money industry in the S Sea -- the money bank and the ticket number. Among them, the leaders are Chen Yiqing of Zhengyuan Qianzhuang, Dai Jiabao of Zhaokang Qianzhuang, and Lu Dasheng of Qianyu Qianzhuang. They all boasted that they were well-informed and had a foresight of the market situation in London, and they issued 6 million taels of notes to buy stocks. The so-called banker is a kind of bill issued by the money bank that contains a certain amount of money and is responsible for cashing it, which is divided into two kinds: spot and forward.

In this round of transactions, the funds invested in the S sea market were between 26 million and 30 million taels, and the funds invested in the London market were about 14 million taels, and the total of the two places amounted to 40 million taels. In the frenzied speculation, the funds of the S Sea have been almost completely frozen, and it has become difficult for other industries to obtain funds, and the largest financial center in the Far East has no money to finance.

In June 1910, the London market plummeted. When the news came, the rubber stock market leaked all the way. The original value of 1675 taels of Langezhi stock fell to 105 taels. The foreigners and foreign banks were the first to take the lead, and the Chinese businessmen who hoarded a large number of stocks became the buyers. Chen Yiqing lost more than 200 taels, Dai Jiabao lost more than 180 taels, and Lu Dasheng lost more than 120 taels. On the 22nd, Zhaokang and Senyuan Qianzhuang were closed, and on the 23rd, Yuanfeng followed; On the 24th, Huida and other three villages followed.

The eight money banks that were tied up for stock speculation also closed down one after another, causing great panic in the city's banking and money industry. After the collapse of the eight banks, more than 139,000 taels of bills owed to the S overseas bank could not be returned, and the foreign bank threatened to immediately recover the money lent to S Haiyin money. "Guofeng Bao" reported: "The capital of Chinese businessmen in the money bank is completely depleted, and the banking and money industries are completely unable to accommodate each other", and the financial industry of S Sea is facing the danger of collapse.

In September every year, the imperial court has to pay Gengzi indemnity, and according to the example, S Haidao should bear 1.9 million taels, which is usually deposited by S Haidao in the capital and reputation of the source of abundance, righteousness and goodness. However, in September 1910, less than two months after the collapse of Zhengyuan and other money banks, the market was tight, and the official treasury of S Hai took the official bank to save the market, and it was already "empty" and could not be adjusted, so Cai Naihuang of S Haidao went to the imperial court and asked for 2 million taels of silver from the Daqing Bank to be paid in advance.

Because Cai Naihuang "shared a little profit" in the aforementioned loan process, officials from the Central Information Administration Yuan, Du Branch, and other departments began to condemn Cai for various reasons. Chen Bangrui, the left waiter of the degree branch, took the opportunity to instigate JS governor Cheng Dequan to impeach Cai Naihuang. The imperial court issued an edict, reprimanding Cai Naihuang for "repeatedly failing to turn over the pipeline and asking the ministry to help" since he took over the pipeline, and this time he "used the panic in the market as a threat and the urgency to repay the deadline as a requirement", but in fact he was "profiting for personal gain" and "disregarding the overall situation", dismissed him, and ordered him to "pay off the money he handled" within two months.

Cai Naihuang received the dismissal order from the imperial court, he was ashamed and angry, and quickly recovered the official money from Yuan Fengrun and other money banks. Foreign banks suddenly announced that they would refuse to accept the banknotes of 21 S Haiqian Zhuang, and on the 8th, Yuanfengrun fell in response, owing more than 2,000 taels of public and private funds, and its 17 branches in BJ Jinmen and other places also closed down at the same time.

"Oriental Magazine" reported: Yuanfeng Runjinmen branch closed, and the Jinmen General Chamber of Commerce had to help merchants borrow 1 million taels of silver from the four banks of Daqing, Communications, Zhicheng and Zhili to stabilize people's hearts.

Yi Shanyuan is another pillar of S Haiyin Money, and its major shareholder is Li Jingchu, the son of Li Hanzhang. When Li Jingchu was the first prime minister of the Bank of Communications, the assistant was Liang Shiyi, a close confidant of Yuan Shikai. At the end of 1910, Sheng Xuanhuai took office as the secretary of the Ministry of Posts and Communications, and in order to regain the power and benefits that were robbed by Yuan Shikai and fight against Liang Shiyi's forces, he secretly investigated the accounts handled by Liang Shiyi in the Bank of Communications.

When Yuanfengrun collapsed, Li Jingchu borrowed more than 2.87 million taels from the Bank of Communications to help Yishanyuan tide over the crisis. Hearing that Sheng Xuanhuai was auditing the accounts, Li hurriedly returned the loan from the Bank of Communications, resulting in only 7,000 taels of cash left in the Yishanyuan S Hai General Account. Yi Shanyuan, whose life was hanging by a thread, tried to borrow 100,000 taels of silver from S Haidao with the stocks of various enterprises in S Haidao in his hand, but Liu Yanji, the new Taoist, refused. In late March 1911, the source of righteousness had no choice but to declare its closure.

What this financial turmoil really exposed was that the ancient management system in the last years of the Qing Dynasty could no longer adapt to the development of the modern economy. In the speculative frenzy, the government did not take any measures against the crazy speculation, after the stock plummeted, the early collapse of Zhengyuan and other money banks is only medium-sized, although the impact on the S sea market, but the impact is limited after all, if it can be properly planned at this time, the turmoil is still within the controllable range.

On the one hand, foreign banks are drawing salaries from the bottom of the kettle, on the other hand, the senior officials of the DPRK and the Central Committee do not understand the management of the modern economy, and for the sake of power, they actually ignore the overall situation of economic development, and Cai Naihuang in order to vent his personal anger, he actually deliberately forced Yuan Fengrun to return the color of the imperial court, Sheng Xuanhuai was even more in order to fight with Liang Shiyi for power and indirectly forced the source of righteousness and goodness, so that the wind of the collapse of the money bank was almost unstoppable, and finally a total of 48 money banks were closed, more than half of the total number of S sea money banks.

At that time, the "Times" commented: "At this time, the financial turmoil has reached its extreme, and the general society has been affected by it, so the whole country has been declared bankrupt." ”

Seven months after the bankruptcy of Yishanyuan, the Xinhai Revolution broke out, and the Qing government was really bankrupt.

As soon as he thought of this, Wang Yongan couldn't help but get excited, of course he wouldn't remind others, because he knew that it was useless to remind him, so he might as well take the opportunity to salvage a sum. Instead of giving money to foreigners, it is better to earn it yourself. With money, at least I can be a millionaire in the future, so that I won't be constrained everywhere.

Thinking of this, Wang Yongan played two subordinates who needed to sleep to go back, he sat at the table and lit the electric light, and began to write a stock trading plan. But the plan is written and written, and in the end it will come down to a problem, the cost, the cost.

You have to have capital for everything, especially for stock speculation, how to speculate on stocks without capital?

It is now May of the first year of Xuantong, that is, in 1909, the stock of Songhu has already soared, and the stock will soar to its peak in June 1910 next year. Later, in June, because foreigners sold stocks, the stock plummeted, and the Qing government spent a year in 1911 to send the east wall to make up the west wall to save the land, and finally the country collapsed, and the SC Baolu Movement occurred, followed by the Xinhai Revolution, and the Qing Empire was overthrown by Yuan Shikai.

If you don't speculate in stocks, there will be no time, all the money in China will be made by foreigners, he patted his head, and he was still thinking about what to buy a gun and what gun to buy!

It's all about making money!

Stock trading is the most important thing!

Snatching money from foreigners is the most important thing!

Since the common people and the government of the Great Qing Kingdom are destined to be deceived, it is better to get a piece of the pie than to be deceived by foreigners, which can be regarded as indirectly saving the country.

Early the next morning, Li Yao and Gong Wuyuan came to wake him up, and after the three of them had breakfast, Wang Yongan said: "Don't rush to the concession first, let's go to the stock exchange to have a look." ”

Li Yao didn't understand stocks, and when he saw that the fourth young master Wang Yongan was talking about stocks last night, he nodded, and Gong Wuyuan didn't like to talk, so he just followed Wang Yongan to protect his safety. The three of them took a rickshaw to the Songhu Stock Exchange - SH Zhongye Office.

As early as 1869, SH had the first foreign firm engaged in stock trading in China, which was called the Broker Chamber of Commerce at that time, and in 1891, foreign businessmen established SH Joint-stock Office in SH, which was renamed SH Zhongye Office in 1905. Its main role was to help foreign rubber companies sell stocks, corporate bonds, Nanyang generation rubber plantation bonds, and sell government bonds on behalf of the Qing government. Due to the low reputation of the Qing government at that time, the SH Zhongye Office, which was jointly established by Britain, France and the United States, became the most authoritative stock exchange in Songhu.

The SH Zhongye Office is also in the public concession, so everyone thinks that it is safer to put the silver in the SH Zhongye Office than in the money bank. Now it coincides with the soaring stock market, so there is a lot of people here, and Wang Yongan and the three of them can't squeeze in, standing outside crying and laughing.

"There's a new stock for sale!" Some people stood at the window and shouted, and suddenly the crowd rushed over like crazy, people crowded and pushed people, some people directly took gold bars and shouted I buy them, and some people were pushed to the ground and shouted: "Where is my silver, where is my silver?" "Naturally, no one cares about him, everyone has only one purpose, that is, to make money and buy stocks.