Many investors and citizens of Xinjing were stunned to see this price, and finally had to accept this result. By the next day, after the news newspapers and oral news entered thousands of households, the entire financial street of Xinjing was crowded with panicked crowds and rich people who came from all over Jiangsu and Zhejiang overnight, and people could not even get into the knife, before the opening of the market in the morning, there were as many as 300 people who were squeezed to cerebral hemorrhage and suffocation, the roads were crowded, the boats on the river were also crowded, and 30 people were found after they died, and only fell to the ground and were found after the crowd dispersed an hour after closing.

It was such a crowded situation for three consecutive days, and it is simply impossible to describe the performance of so many miserable citizens outside the exchange.

A large number of sell orders are placed there, and there are basically no buy orders, and even if the price is as low as 30% of the loss, no one will make a move. Rubber futures are divided into 3, 6, 9, 12 different months of delivery of varieties, the market only in 1949 September, December and 1950 March and June rubber futures, which this year in September and December is more active, at the beginning of July, the price in September and December are about 20450 a ton, and so on to turn a month, to October, the price of rubber futures delivered at the end of September fell to the beginning of July 40% of the price before liquidating in the last transaction, the end of December delivery fell 75%, It fell to around 5100. The bulls really fell into hell, and the short profits made by Li Ji and others are simply not clear.

According to statistics, within 30 days, 500 speculators committed suicide because of the failure of speculation and the loss of money to the point that they and their families were unable to repay their debts.

Many families with relatives working in Chenji's enterprises have been warned for a long time, but they have not listened, and then they have to ask their relatives for help, but the only answer they get is to wait.

In April 1450, after all the bankrupt money bank ticket numbers were closed, the traversal began a thunderous rescue operation. Huaxia Vehicle Manufacturing Co., Ltd., a subsidiary of the Chenji Group (the country's largest manufacturer of land vehicles, with a huge demand for tires), announced that it had acquired the largest rubber company, Nanyang Rubber Company (originally established by the public, but sold all of it to many speculators and rivals who were eager to speculate between 1947 and 1949, and only retained a stake in one share, saying that it had not completely abandoned the company, and that it was eligible to go and see the performances of the new board members at every shareholders' meeting. Withdraw it from the stock market and privatize it.

Then the imperial political axe announced that it agreed to the Xinjing Stock Exchange to establish a bulk trading platform for rubber, quinine, spices and other bulk goods and futures trading, to reduce the risk of small and medium-sized customers on the exchange, and at the same time to establish a strategic reserve system for strategic materials, to establish warehouses in Xinjing and many coastal inland cities, to purchase these bulk commodities at low prices and sell them at high prices, and to establish a new system of price stabilization in the open market.

The rating companies under the major Chenji have re-rated those rubber stocks that have fallen excessively, especially the stocks that have fallen below the actual value are fully recommended to increase their holdings. Chenji Group once again launched a huge amount of money acquisition plan, using more than 200 million funds earned in the air, in one go to acquire a large number of shares in more than 20 companies with actual plantation and processing capacity of raw rubber, with an average of nearly 35%, becoming the largest shareholder. The savior-like actions have led many stocks to come out of the trough from the shadow of the peak drop of 80% to 90% and return to the normal reasonable price.

At the same time, the tracing of the founders of scam companies and purse companies and their other major shareholders who did not report their knowledge is even more exciting for the majority of small and medium-sized investors. Takushoku Fujiwara, who absconded with the donation, was captured from Kyoto by the Taira family and taken to the Shinkyo Police Station.

Many major shareholders of leather bag companies fled to Liao and distant Dali after defrauding enough money, and were also arrested after actively promoting multilateral relations and signing extradition treaties. All the illegally obtained funds in their accounts were frozen, and finally the Xinjing District Court, which presided over the trial of many of the criminals involved in the storm, was awarded to many small and medium-sized investors who suffered heavy losses (according to the records of the trading accounts, all small and medium-sized capital investors who bought the shares of these scammers and leather bag companies, and did not profit from them but suffered serious losses, received partial compensation according to the proportion of their shareholdings, and the average amount of compensation accounted for about 30% of the losses of the accounts of each small and medium-sized investor, although most of them evaporated in the panic plunge, It's better than not getting back a penny of losses, in fact, it is achieved through forced trading, using all frozen funds to buy back all the shares of the scammer leather bag company that are still circulating on the market directly from the exchange. The next day, many small and medium-sized investors who saw the news in the newspaper happily said that the practice of the imperial political axe was very happy, and when they went to the exchange to check their accounts, all the stocks that had fallen to worthless were turned into funds, and the exchange directly canceled all these junk stocks that were forced to repurchase after the frozen money was allocated.

The shares of many scam companies and leather bag companies have all fallen to the brink of delisting because of the hollow nature of the newspapers after the panic (the Imperial Securities and Exchange Law stipulates that the stock price is less than 1 yuan, and the major shareholders cannot pull the stock price back to more than 1 yuan within three months, and they will be forced to delist). At a time when many citizens have lost their hard-earned money, these stocks, which have almost zero trading volume, can still be turned into money, and it cannot but be said that the country has made a lot of determination.

The most important thing is that the big guys who bought a large number of stocks and futures positions are actually hiding from debt, they borrowed cash back then, and all the stocks they bought back fell into waste paper. The money bank ticket numbers are all institutional investors, counting major shareholders, and there is not a penny of compensation, and they have all gone bankrupt and liquidated, which is equivalent to disappearing. According to the "Imperial Financial Institutions Management Law" and the "Imperial Deposit Reinsurance Law", all the capital assets in these bank ticket numbers were handed over to creditors and minority shareholders, and the large landowners and wealthy families among the major shareholders were almost bankrupt (because almost none of these money bank ticket numbers were restructured into limited liability companies, all of them were traditional unlimited liability company models, although the credit under this model is far better than that of limited liability companies, but once the debt exceeds the company's own assets, In the event of bankruptcy liquidation, all shareholders have to use their own money to make up the difference. According to the Imperial Guarantee Law and the Imperial Property Law, when the major families are not separated, all clan members are regarded as one economic entity, and the guarantee and investment acts are regarded as the legal effect of the guarantee acts of other economic organizations with profit surnames. The family's public assets and members' own assets are regarded as equivalent to the assets of the company with liability for compensation and the assets of the shareholders of the company with unlimited liability, and have unlimited liability in the event of the bankruptcy of any organization or individual they are guaranteed.

As early as 1941, the central government of the empire promulgated a series of economic laws that few people knew about and applied, but by 1950, the wealthy families finally understood the dangers of unlimited liability companies. In the past ten years, the major families have unscrupulously used unlimited liability to contract customers, expand credit, and the money bank ticket number of the shareholding and the investment of small public shareholders have far exceeded the registered capital and free capital dozens of times. During the economic upswing, all assets are profitable, and liabilities (deposits and borrowed funds) have actually been steadily increasing along with stocks and assets lent to speculators. Dividend income and interest income far exceed the interest paid to depositors, and the profits are naturally expanding faster, and there is no problem with the accounts of these bank numbers in the accounting statements.

But in the event of a crisis, large holdings of stocks and loans lent to speculators cannot be realized and recovered, and their assets shrink dramatically, and they become insolvent almost overnight. Depositors' deposits and dismantled funds are prioritized for repayment, and within a few days before the crisis erupted, the accounts of various bank accounts were emptied by large depositors and large banks from which they borrowed (in fact, most of the funders behind it were Traders and their partners). By the time the late-tracking (without radio) numbers realized that a run was inevitable, they had no choice but to sit and die.

Crossing the public is naturally happy to see the collapse of the rival, but the loss of the people in the money bank ticket number still has to be controlled, every day there are employees around the money bank ticket number to promote the "Bankruptcy Law" and other laws, persuading small depositors not to run on the trouble, so that they are trampled and injured more than they lose, their own deposits are very secure, to believe in the country, believe in the political axe, as long as they unite, prosecute those shareholders of the money bank, after the unlimited liability liquidation of debts, you can get back their deposits. There are even rescue teams that cross the public organizations to rescue small depositors who were injured and fell into the water in order to squeeze in order to squeeze (many money bank ticket numbers are on the street and there are rivers) at the gates of various money banks.

The last few moves of the combination are to analyze the pros and cons of unlimited liability in the newspapers, give examples of the pros and cons of limited liability, and encourage households to go to large bank deposit trusts with lower interest rates but with regulatory and political axe endorsement and lower risk. A round of popularization of financial and legal knowledge has been launched in various localities, and hundreds of debt collection public prosecution groups and various wealthy families have been organized to file lawsuits demanding compensation for the principal of the deposit that they deserve.

By the beginning of 1951, the wealthy families were either separated to avoid unlimited liability, or they were bankrupt to pay the debts caused by unlimited liability, or the main decision-makers and the elders of the family who signed the agreement were in prison.

In any case, the purpose of crossing the crowd was successfully accomplished. (To be continued.) )