Silence's hand knocks on the mountain and shakes the tiger, especially for the paper tiger who is strong and inward-looking.

The next morning, before the yamen opened, a few gentlemen quietly came to the yamen, waiting to see, they discussed for a long time last night, and felt that it was better to bow his head obediently than Lord Shen, but the key was to get ahead of others, and get the first 'down' merit, and the treatment would definitely be different.

But the first few didn't come long before they saw another one, and both sides nodded awkwardly and said, "Come on......" "Oh, here you are." "It's early." "It's not too late for you." Then they each bowed their heads and counted the ants.

By the time the yamen opened, yesterday's big family had already come, and even Pan Tuo, who had an ear injury, was wrapped with half of his head wrapped and followed behind Peng Xi in a gray manner.

The porter didn't embarrass them this time, invited them to sit in the second hall, and gave them tea, and asked if they had eaten early, they poured their intestines all night, and got up early in the morning, and they didn't eat breakfast, but they had to be very humble and said: "I have eaten, thank you......"

With a voice: "Lord Fuzun has arrived!" There was no one to command, and all the gentlemen stood up, bowed, and greeted each other, looking very well-behaved.

Shen Mo was no longer embarrassed for them this time, and after sitting down on the main seat, he smiled and said, "Please sit down, everyone." ”

"Master Xie." The crowd panicked, and only a quarter of their buttocks were on the chairs.

The eyes of the silent smile swept over everyone, and said with a smile: "All of them have red eyes, and they didn't rest well last night." ”

Peng Xi said with a guilty face: "After the adult's lesson yesterday, we woke up like a dream, so guilty that we couldn't sleep at night, and we came to ask you for our guilt early this morning." ”

Everyone nodded and agreed: "Yes, my lord, we all realize that we are wrong, and we sincerely ask you for sin." ”

"Really?" Shen Mo retracted his smile and said, "What's wrong?" Let's talk about it. ”

He spoke nonsense, and someone said: "We are too selfish, we only think about ourselves, we don't think about Suzhou." "We are so confused that we believe whatever people say." "We're too naïve......" blah. There is that with a rich expression, he even cried bitterly, beat his chest and feet, and scolded himself for not being human.

Shen Mo knew that these words were actually forced out by him, and of course he didn't expect them to review them to the depths of his soul, what he wanted was just an attitude of bowing down to his ears. So when these people were almost done, he nodded and said earnestly: "Everyone, the lesson is very heavy, but it is precious to be able to recognize mistakes. ”

As soon as everyone heard that there was a door, their attitude became more and more sincere, and they listened to Shen Mo and said: "There is a way, knowing mistakes can be changed, and good is great." The official must also give you a chance to mend your ways. Everyone nodded their heads like pecking rice, and asked cautiously, "I wonder how the adults are going to explain to you?" ”

Silent and said lightly: "Only do the first evil, don't ask about coercion, what do you think?" ”

"Your Excellency is merciful!" Everyone breathed a sigh of relief, they knew that now that the matter was over, they would not be able to pass the test if they didn't hand over a few scapegoats, so they all said: "It was all instructed by Lu Ding and the prince." ”

Having guessed that they would put the blame on the person who didn't come, Shen Mo sneered in his heart, but said with a very serious face: "This clue is very important, and the government will seriously investigate it." ”

After turning this page over, before entering the topic, Peng Xi said: "My lord, now that the prices of Suzhou City have plummeted, the price of tickets has plummeted, and we are in high debt and have suffered heavy losses. ”

"The price of goods in Suzhou City is indeed a problem," Shen Mo nodded slowly: "If this goes on for a long time, it will indeed be chaotic." Saying that, he smiled at everyone and said: "But the official doesn't know what to do, there is a way that 'three stinkers, race Zhuge Liang', it is better for us to work together to see if there is any good way." ”

Everyone pretended to ask for a moment and said, "Do you want those merchants to take back the tickets at the original price?" Said and said with a weak heart: "Of course, half price is fine, we made a mistake this time, and we should pay for it!" But you have to leave us a way to live...... We all have hundreds of people, and we have to eat. ”

"This, I have actually asked Gu Rundong of the Grain and Oil Chamber of Commerce," Shen Mo frowned: "But he said that the price of grain has been high for several months, and they have been burdened by the coupons, and the selling price is lower than the purchase price, in fact, the loss is very heavy, if they are allowed to redeem the coupons again, the grain stores in Suzhou City will all close down." Saying that, he sighed and said: "This time, our Suzhou City is a competition between snipes and mussels, and we have been profited by other fishermen, so don't count on those grain merchants." ”

The gentlemen said gloomily: "Don't you save your lord when he sees death?" ”

"Of course you have to save!" Shen Mo said firmly: "But you can't rely on redemption, but you have to think of a different way." He stroked his palm and said, "I have a suggestion, you might as well think about it...... Since the problem lies in the depreciation of the ticket, why don't we find a way to make it appreciate? ”

The hearts of the people said, 'It is easy to say.' He smiled bitterly: "Some time ago, prices were extremely high, and I am afraid that they will have to fall for a long time. ”

"What if the bills were no longer debts," said silently, "but into shares in a firm?" ”

Everyone was a little confused: "My lord, what do you mean?" ”

"I mean, since they can't honor their debts, can you convert the claims you have in hand," Shen Mo said, "into their equity, and convert the original 'pay at sight' into dividends according to shares." In this way, you become their shareholders and can participate in major decisions, but do not interfere with their normal production and operation. After a pause, he said: "But you can share their profits according to the shares, how about this method?" ”

When everyone saw that what he said was the Tao, they didn't know that it had been premeditated, but it sounded much better than losing their money, so they said, "Can you come up with a specific charter and let us discuss it?" ”

"Is this," said silently: "I can only give a draft, and then you two sit down and negotiate one by one openly and honestly. ”

When everyone heard this, they all nodded and said, "It's all up to the adults." ”

So Shen Mo asked them to go back first, and after he communicated with the Grain and Oil Chamber of Commerce, he set a date for negotiations as soon as possible.

After the gentlemen left, Gu Rundong, president of the Grain and Oil Chamber of Commerce, and Shen Hongchang, the new vice president, came together.

In stark contrast to the depressed bigwigs, these two bigwigs in the grain and oil industry are full of red faces, high spirits, and their voices are particularly loud: "My lord, we have a greeting for you." ”

Shen Mo smiled and said, "Come on, come on, let's go to the backyard and say." Then he led the two of them into the outside signing room, served good tea, and served snacks, and the treatment was obviously different: "This time we can win this battle, thanks to the full cooperation of the two of us and our Chamber of Commerce." ”

The two of them suppressed their excitement and hurriedly said modestly: "It is all the wise leadership and command of the adults, otherwise we, the rabble, will all jump the Wusong River." ”

"Haha, let's stop flattering each other just yet." Shen Mo patted the arms of the two of them, sat back on the big case, and said seriously: "But the victory is only temporary, and it is not yet time to celebrate." "If you don't deal with the aftermath, the situation may deteriorate again and get out of control." ”

"It's all up to the teachings of adults." Two people.

"You should also know," Shen Mo didn't talk to them politely, and said in a deep voice: "Those backstage bosses of pawnshops and money houses have come to Benguan to cry for two days......" He looked at them and said: "I beg you to redeem the tickets at the original price...... "In fact, those gentlemen were satisfied with only half price redemption, but it did not conform to Shen Mo's idea, so he used the proposal of 'debt-to-equity' to cover that idea.

"My lord, I can't help it!" The two of them shouted: "As soon as this case is opened, everyone will inevitably ask for redemption, even if we smash the pot and sell iron, we can't afford to pay back the money." "In fact, they can still cash out half of the face value, but the money is in their pockets, and it is very difficult for them to take it out again.

"You have difficulty in paying, I naturally understand it." Shen Mo said without hurry: "But it is a matter of course to repay debts, although we are closer, but if they start a lawsuit, I can't help you, right?" ”

"My lord, you have the grace of reinvention for our grain and oil chamber of commerce. We don't dare to hide it from you, there are so many tickets outside, we really can't let go of this," Gu Rundong said with a sad face: "Otherwise, all the businesses will go out of business, and those tickets will also become waste paper." He said in a low voice: "For today's plan, we can only let them have a grace period first, and we will slowly cash it out." ”

"Hmm...... Of course I have no opinion. Shen Mo smiled and said: "But have you ever thought about it, if it drags on like this, those pawnshops and ticket numbers are forced by creditors to be anxious, and they are ruthless and sell tickets to the people at a cheap price?" ”

The two of them turned green when they boarded, and they knew that if ordinary people bought extremely cheap tickets, they would definitely be afraid that prices would rise again and rush into the store to ask for exchange. How can there be so many goods in the shop? How many tickets do people have in their hands? Wouldn't they be like the big ones, and they were worried about what would happen if the store closed down and the bonds would become waste paper? It will definitely be forced to be cashed in, and if there is a dispute, the store may not be guaranteed...... Thinking that they might be chased and beaten like rats crossing the street by the rioters, the more they thought about it, the more frightened they became, and they did not speak for a quarter of an hour.

It turns out that the prospect of repaying the debt is not as good as imagined...... Therefore, under the chairmanship of Shen Mo, the chairman and vice president of the Grain and Oil Chamber of Commerce, as well as eight representatives of other industries, together with Peng Xi, Pan Tuo and other ten gentlemen, gathered in the third hall of the government to discuss the matter of 'debt-to-equity swap'.

It took a whole day for him to explain all aspects of the problem clearly, and finally summarized and stated: "Why is this a win-win good thing?" Because our Suzhou Mansion is about to open its port! Once the port is opened, the population will surge, the fleet will have to be replenished, and the goods will have to be purchased; The demand for all kinds of materials will skyrocket, this is a good opportunity for merchants, I bet, as long as everyone does not make stupid mistakes, the money is a certain amount. The grain and oil chamber of commerce said this, and everyone laughed and bared their teeth.

But when he heard the silence, he said: "But your scale is far from enough!" When I was in Ningbo Mansion, I checked the information at that time and found that during the Zhengde period, the scale of people's shops was more than five times that of our Suzhou City," he said, stretching out a slap and said: "If we want to meet the needs after the opening of the port, we must at least expand to this scale, and it must be as soon as possible!" Pointing around, he said: "Seven of the top ten business gangs in the world are around us, if we don't hurry up, this piece of fat will have to be eaten by others!" Are you willing to do that? ”

"I don't want to!" Not only the leaders of the ten merchants, but also those gentlemen also shouted loudly: "You must not agree!" "It was clear that they were completely immersed in the bright future that Shen had painted.

"Okay, ambitious!" Shen Mo stroked his palm and smiled: "But do you have the ambition to do it?" Without the support of a large amount of money, how can the business expand?! ”

"My lord, we fully support this debt-to-equity swap!" Pan Tuo, nicknamed 'One Ear', said loudly: "Those coupons are converted into investments, let them use!" "The gentlemen have no opinion, and they say that a bad debt can be turned into shares destined to make a lot of money, where can I find such a good thing?

The chamber of commerce over there has no opinion, after all, they are unreasonable debtors, and it is already the best that things can be handled like this, they just want to go back and buy land and expand immediately, and wait for the opening of the port.

Since everyone has no opinions, let's sign the agreement, but when Peng Xi picked up the pen, he suddenly calmed down and said: "My lord, this is of course extremely good, but it can't quench our thirst, and we still owe a lot of debt, what should we do about this?" The atmosphere in the hall suddenly cooled.

"How much?" Shen Mo asked.

"Four or five million taels of silver." Peng Xi said with a sad face.

It's okay to let the firm and the ticket number cross-hold and hedge against each other, but the amount is too huge, and if you hedge, everyone will have no money, and Chengbai is excited.

"I'll figure out how to get this money." He said silently: "But it is also solved by debt-to-equity swap, you have no objection, right?" ”

"That's for the best." Peng Xi said: "But I hope it can be trusted, at least it can be received by someone you trust." ”

"No problem." Shen Mo nodded.

On this day, the five major chambers of commerce in Suzhou City, together with the main pawnshops and ticket numbers, signed the "Suzhou Financial Agreement" with great significance and historical status under the notarization of Suzhou Tongzhi and the city's Bo Si to raise silence!

First, the Supervisory Committee of 18 people, elected by the chambers of commerce, pawnshops, and ticket numbers, will classify all the tickets sold according to their quantity and the solvency and development prospects of the merchants, determine the total debts that each merchant should bear, and then determine the specific number of shares that should be converted compared with the amount of its total assets, and this work should be completed before July 1.

Second, the establishment of the Suzhou Stock Exchange, all bonds recognized by the regulatory commission can be converted into corresponding shares on the stock exchange, and can be freely traded in the stock exchange...... For example, redemption, purchase, transfer, etc., can be done without interference.

Thirdly, if a firm wants to issue new shares, it must be profitable for three consecutive years, meet the relevant requirements, be approved by the regulatory committee, and be offered on the stock exchange.

Fourth, the public offering of shares by a firm shall be deemed to be subject to the relevant regulations of the Regulatory Commission and shall not be violated.

………… There are 18 articles in total, expounding on the 'debt-to-equity swap' and 'debt-to-equity swap' and 'debt-to-equity swap' Stock Exchange's two completely novel concepts, Shen Mo knows, in fact, the rules he drafted are very crude, but this is deliberate, because here and now, in this context, what kind of seedlings can grow from the seeds he planted, what kind of fruits can be produced, he himself is not sure, so he still only gives a direction, let it develop freely, I believe that people's wisdom, will definitely be spontaneously perfected, only in this way, can we find the most suitable rules, not the rules imposed by themselves...... What he didn't know was that the stock exchange he founded was 50 years earlier than the Amsterdam Stock Exchange in the Netherlands...... The world's earliest stock exchange set sail in people's beautiful vision for the future, as for what will happen in the future, whether it can cut the waves, or hit the reef and sink, Shen Mo doesn't know, he can only believe that things are man-made, and beg God to bless him...... He did not even attend the celebratory banquet, but returned to his yamen, because there was one more thing that he needed to settle, and that was the five million taels of silver owed by the pawnshop and the ticket number.

"It's a once-in-a-lifetime opportunity, and I want us to take it ourselves." In the most secret study, Shen Mo said to Ruohan: "Some things are still in your own hands, which is more reassuring." ”

"But we don't have that much silver." Ruohan said softly: "I also know that this is a good opportunity, but we only made two million taels of silver from this transaction, so we can't ask Daddy to borrow it again, right?" ”

(To be continued)