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Chita is located in the east of Lake Baikal, only 5,042 kilometers from Moscow, and is an important hub station of the Trans-Siberian Railway, adjacent to the tomb of China and Mongolia. For Tsarist Russia, if the city of Chita is lost, it will mean that the whole of Siberia will not be protected. After Vladivostok and Sakhalin were taken back by China, Tsar Nicholas II, who was greedy for territory by nature, was furious and personally sent a telegram to Kuropatkin, the commander-in-chief of the Russian army in the Far East, instructing him to "take responsibility for the fate of Chita", and Nicholas II warned Kuropatkin: "If you lose Chita, it will be China's new and heaviest blow to Russia, which will damage not only Russia's political and military prestige in the Far East, but also Russia's political and military prestige in the Near East, Central Asia, and Europe." Undoubtedly, Russia's enemies will take advantage of this to embarrass us as much as possible, and friends will abandon Russia as a weak ally. This will have catastrophic consequences that you and your family cannot afford! ”

Under the tremendous pressure of the tsar, the commander-in-chief of the Russian army in the Far East, Kuropatkin, was anxious and accelerated the increase of troops to the Far East, sending the 1st Siberian Army under the command of Stackerburg to support Chita, and the reinforcements transferred from the Russian hinterland arrived with 20,000 people per month, and the defenders of Chita reached 100,000 people, and various strategic material resources were continuously transported from the rear, and the Russian army even began to use observation balloons to fight.

Although Feng Guozhang's 50,000 new army was reinforced by tank troops, it encountered the most stubborn resistance of the Russian army in Chita City, and Kuropatkin threatened to "rather die than retreat from Chita"! The entire battle of Chita was very fierce, lasting more than 20 days, with the Russian side losing more than 40,000 people and the Chinese side losing more than 5,000 people, and entering a state of confrontation.

Song Xiaofei knows that in summer, the temperature in the Chita region is cooler because of the regulation of Lake Baikal, and the temperature will be more than ten degrees. It is beneficial to the squadron, but the longer the war against Russia drags on, the more unfavorable the situation will be for China. Once the war is dragged out into the cold winter, then the squadron is in danger. But he didn't think of a good way for a while, because after all, the combat effectiveness of the 100,000 Russian troops was not weak, so he had to telegraph Zhang Zuolin to step up his activities in Russia and fund the Russian revolutionaries to launch a bloody revolution in St. Petersburg and disrupt the Russian rear.

Among them, Song Xiaofei spent a lot of money to fund a man named Vladimir. Ilyich. Ulyanov's revolutionaries financed the activities of his Russian Social Democratic Labor Party with 50,000 rubles. Vladimir. Ilyich. Ulyanov's elder brother Alexander. Ulyanov was an honor student at Kazan University and a member of the youth group of the Narodnaya Volya. On March 13, 1887, he was arrested for participating in the assassination of Tsar Alexander III. He was killed on May 20 of the same year. Lenin, greatly shocked, strengthened his determination to fight against the tsarist system from the lesson of blood and firmly said 'we will not take this road'. Year 1895. Ulyanov founded the "St. Petersburg Association for the Emancipation of the Working Class" in St. Petersburg, and at the end of that year he was again arrested and imprisoned, and after 14 months in prison, he was exiled to Siberia in 1897. 3 years in Siberia. He began to use the pseudonym "Lenin", wrote the book "The Development of Capitalism in Russia", and married his wife Krupskaya.

According to Song Xiaofei's instructions, Zhang Zuolin and Ulyanov reached an agreement that once the revolution of the Russian Social Democratic Labor Party succeeded, all unequal treaties between China and Russia would be canceled and all the 1.5 million square meters of land occupied by Tsarist Russia would be returned to China. Among them were Sakhalin and Vladivostok, and Russia was to cede the entire Far East to China. Song Xiaofei asked Zhang Zuolin to escort Lenin and other revolutionaries back to Petersburg, and many of the 50,000 political prisoners released from Sakhalin were Russian Social Democratic Laborers, who soon rallied around Ulyanov in search of a suitable opportunity. Riots in St. Petersburg.

Soon the opportunity for these revolutionaries to riot came!

On that day, Finance Minister Xi Jiadong came to report to Song Xiaofei on the work of currency reform, mentioning the crisis of Russia's Sino-Russian Daosheng Bank in China.

The head office of the Sino-Russian Daosheng Bank is located in St. Petersburg. As a financial institution for Tsarist Russia's economic aggression against China in the late Qing Dynasty, it was established in 1890, earlier than in history, and was jointly funded by Russia and France with a capital of 6 million rubles. However, it was mainly managed by the Russians, and Duke Ukhtomsky, a Russian aristocrat known as a "civilian diplomat," had long been active in the Far East and served as chairman of the board of directors of the Sino-Russian Daosheng Bank.

During the late Qing Dynasty and the period of President Li Hongzhang, in order to obtain the support of Tsarist Russia and France and defeat the Japanese, the governments of China and Russia became friendly. the right to operate business related to the local government and the state treasury; It is possible to mint currency licensed by the Chinese government; repayment of interest on government bonds raised by the Chinese government; Railways and electric wires were laid in Northeast China, and branches were set up in Shanghai, Tianjin, Lushun, Dihua, and Kulun in China, and a large number of banknotes were issued.

After Xi Jiadong assisted Premier Sheng Xuanhuai in carrying out currency reform, he enacted the "Bank of China Management Law", and even Hubei and Hunan controlled by Zhang Zhidong could only use silver dollars issued by the Republic, and later issued extremely tightly controlled banknotes. The Sino-Russian Daosheng Bank, together with the old Chinese German bank, no longer had the right to print money, and the tax privileges were abolished. Moreover, according to the bank's management measures, China has completely banned the circulation of foreign currency within its territory since 1900, and it is not allowed to settle in foreign currency, unless otherwise stipulated by the state. Hua-Russia Daosheng Bank can only carry out foreign exchange receipts and payments or foreign exchange business activities of institutions and individuals in China.

After the outbreak of the Sino-Russian War, Song Xiaofei ordered the Chinese government to take out all the money deposited in the Sino-Russian Daosheng Bank and began to exchange a large amount of gold and silver, which made the Sino-Russian Daosheng Bank fall into an embarrassing situation of shortage of liquidity.

Xi Jiadong reported to Song Xiaofei: "Since 1896, the total share capital of the Sino-Russian Daosheng Bank was 13.65 million rubles, but by 1900, the Sino-Russian Daosheng Bank had issued a total of 530 million ruble banknotes, most of which were spent on the construction of the Trans-Siberian Railway. ”

Although Song Xiaofei doesn't know much about finance, he also roughly understands what is going on, after all, he and Sheng Xuanhuai have teamed up in Shanghai to successfully get rid of Hu Xueyan, the "richest man in the Qing Dynasty", and Song Xiaofei knows what a run on for a bank with a shortage of liquidity means. Moreover, Ukhtomsky, a greedy Russian financial capitalist, is too exaggerated, and he dares to issue 500 million yuan of issued currency with a principal of 3 million, a difference of 30 or 40 times, and it is easy to collapse the run.

Xi Jiadong said: "The right to issue and control the banknotes of the Sino-Russian Daosheng Bank is in the hands of the Russian directors, that is, the St. Petersburg International Commercial Bank of Tsarist Russia, and the head office of the Sino-Russian Daosheng Bank in St. Petersburg, which has the right to print money. The ruble is still very valuable now, after all, the tsarist royal family has thousands of tons of gold in reserve, and promises 1.51 rubles a tael of silver. Of the 500 million rubles issued by the Sino-Russian Daosheng Bank, about 150 million rubles are in the hands of the Chinese, and we can launch a currency war, use these rubles to exchange gold in large quantities, squeeze the Sino-Russian Daosheng Bank, trigger the depreciation of the Ru currency, and Russia's already sluggish economy will immediately be in jeopardy. ”

Song Xiaofei was overjoyed when he heard this, but he had the experience of getting rid of Hu Xueyan, and he asked, "You are really a master of financial operations!" Do we still want to unite with foreign companies from other countries? ”

Xi Jiadong nodded and replied, "I have contacted Marcel, the representative of the French Hodin Bank. Desailly, PARES representative John Brown. Terry, Crédit Lyon bank on behalf of Henry, Paris National Discount Bank on behalf of Ben. Zema, representative of Swire & Co. John Brown. Barron and the others were old friends of my father, and they were all willing to help. If an international bank like the Sino-Russian Daosheng Bank goes bankrupt and fails, they all have the opportunity to make a fortune, everyone is a businessman, they are all bankers, who will not get along with wealth?

Song Xiaofei nodded, still a little worried about China's own banking system, after all, this is the period of the Sino-Russian War, once there is a domestic economic crisis, it will be a fatal blow! Song Xiaofei asked Xi Jiadong, "There shouldn't be any problem of indiscriminate currency issuance by Chinese banks, right?" ”

Xi Jiadong nodded and replied: "Please rest assured that our bank is on the gold standard after the monetary reform, and the silver dollar reserves are sufficient, coupled with the huge foreign exchange reserves brought about by the trade surplus over the years, no one can squeeze our banking system." ”

Song Xiaofei relieved himself and said, "You can do it with confidence, I will let Sheng Xuanhuai fully cooperate with you!" Moreover, the newspapers of the whole country will support you, and the war of public opinion is also indispensable, and I believe that the merchants of the Northeast will support you very much! Although the financial war does not see the smoke and blood, but it is a hundred times more powerful and cruel than the war of guns, you go and prepare well, I and the soldiers in front are waiting for your good news! ”

Xi Jiadong laughed and said: "The president is really brilliant, I will use all the resources of the Xi family to win this financial war against the Russians, and within a week, I will definitely bankrupt the Sino-Russian Daosheng Bank." ”

Sure enough, three days later, the branches of the Sino-Russian Daosheng Bank in Lushun, Dihua and Kulen collapsed, followed by the branches in Shanghai and Tianjin, and the financial crisis soon spread to the head office in St. Petersburg, the ruble soon depreciated by 20%, prices in St. Petersburg skyrocketed, the citizens fell into a panic, the workers could not buy even a long loaf of bread per day, Ulyanov felt that the opportunity for the revolution to overthrow the tsar had come, and seized the contact with the backbone elements of the Social Democratic Labor Party in the factories to prepare for an insurrection!