In mid-December 1906, Song Biao transferred 37 companies of the New Army in Northeast China to participate in the Meteorite Mountain military exercise, and the Russian military department of the New Army served as the target of confrontation, because the Russian troops left in the three eastern provinces were all elite units selected by Song Biao and Brigadier General Brusilov, especially the Seshantinsk Infantry Brigade itself belonged to the mountain troops, and the performance in the exercises in this area was very eye-catching, and the results of the new army in the eastern part of the military exercise were not very optimistic.

Song Biao did not have any dissatisfaction, nor did he reprimand anyone, because he knew very well the elite level of his old Russian army, until Colonel Martos presided over the assessment of the "Soldier's Combat Basic Manual", more than half of the soldiers in each regiment failed to reach the passing score, which made Song Biao really unhappy.

After the assessment, Song Biao called the officers of each regiment and the lieutenants of each battalion to his office one by one and scolded them bitterly, and even the Russian military instructors and instructors were all scolded by him from top to bottom.

Song Biao controlled his anger, not to be angry, but also made the whole army tremble for a few days, although the New Year's Day art troupe performance continued as usual, and the year-end military salaries and allowances were distributed as usual, but everyone still had a very unstable New Year's Day.

…… In 1906, the year passed quietly in such an ending, and there were no so-called immediate new changes in the three eastern provinces this year, but the new energy was being actively cultivated, and the new policy of the three eastern provinces accumulated a solid foundation in this year, laying the foundation for the rapid development of the new policy in the next two years.

With the release of the preferential terms for the new deal industry, starting from March, the three eastern provinces added 827 new industrial and mining enterprises in 1906, and the total imports of the three eastern provinces surged to 21.734 million pounds, and the total exports were 20.543 million pounds, which were 7.2 times and 7.5 times that of 1903 before the Russian War.

This huge stimulus came mainly from the development of railways, the import of machinery by new industrial and mining enterprises, and the export of soybeans.

Imports are mainly concentrated in machinery and equipment, industrial raw materials, steel, cement, accounting for 3/5 of the total imports, and the import fee of machinery and equipment accounts for 9.5 million pounds, including many sets of money printing and coinage equipment imported by the Northeast Bank from the United States and France.

Due to the huge scale of investment in the three eastern provinces by foreign capital and capital from the Guannei region, especially the foreign banks in Jiangsu, Zhejiang, Zhili, Hong Kong, Nanyang, and Yueben flocked in, bringing a large amount of foreign exchange and silver, and the total amount of foreign exchange and silver borrowed by the Far Eastern consortium in the railway and the international loans of the Northeast Bank reached 21 million pounds, so the Northeast Bank and the two major note-issuing banks still have sufficient reserves of foreign exchange and silver, and the total amount of new currency, including silver yuan, copper yuan, and banknotes, exceeded 300 million silver yuan.

In addition to the influx of capital into the three eastern provinces, the total credit of banks and money banks in the three eastern provinces also surged to 224 million silver yuan, including 40 million silver yuan of "three eastern provinces public bonds" from the yamen of the governor of the three eastern provinces, which are mainly used for the construction of local water conservancy, railways, bridges, power plants, telegraphs, ports, roads and other infrastructure in the three eastern provinces, as well as financial expenditures such as education, defense, industrial and mining exploration, scientific research, and administration.

According to the statistics of 1906, more than 70% of the new investment in the three eastern provinces came from the outside, including foreign businessmen and businessmen in the Guan, the total amount of foreign investment in France was the highest, followed by Russian businessmen, the characteristics of French capital are large and small, and the characteristics of Russian capital are small and large, the total investment of British businessmen is in the fourth place, and then they are Chinese businessmen from other provinces, American capital, and Chinese capital, British and French capital mainly come from the old foreign companies in Asia, such as Jardine Matheson, Swire, Sassoon, etc., and American capital is generally from the United States. It is a new foreign investment entering the Chinese market, and most of them are small and medium-sized enterprises.

In Lushun, Dalian, Jinzhou, and Shenyang New Districts, there was even a number of temples and geisha shops in the three eastern provinces, and the number of overseas Chinese surged from about 2,700 in 1905 to 13,000. The foreign trade foreign trade bank is mainly based on the oceanic banks of Yuxin, Mitsui, Jiangshang, Takahashi, Fujita, and Shiraishi, and the textiles of the eight major textile factories of Osaka, Mitsui, Nanhan, Asahaya, Settsu, Okayama, Hirano, and Zhongyuan are also pouring into the three eastern provinces in large quantities.

Previously, Song Biao and Zheng Guiting just said that there was no serious dumping in the textile industry, and began to dump frantically at the end of 1906, but this dumping was more subject to the serious decline in domestic sales.

The main reason for the serious downturn and shutdown of the domestic economy, coupled with the substantial increase in temporary tax revenue, has led to the difficulties of the enterprises and the people, and the three eastern provinces happen to be extremely low tax areas, and the financial credit is relatively looser, and a large number of enterprises and small businessmen have begun to pour in here to find new jobs.

Even in the field of education, it is not uncommon for two or three teachers to set up small private schools, and the three eastern provinces are relatively more supportive of such a situation, and usually provide some support for running schools to help teachers open schools.

In the world, the Qing Dynasty definitely belongs to the low-tax country, but the Qing Dynasty axe local all kinds of harsh taxes and miscellaneous taxes are really high taxes, so it is a low-tax country high-tax area, in the three eastern provinces after the elimination of all kinds of harsh taxes and taxes and taxes, the labor force increased rapidly, agricultural and commercial taxes restored the low tax level, in the industrial field not only to maintain low taxes, but also a large number of preferential policies to attract investment.

Compared with the tax policy of the Qing political axe, the three eastern provinces not only maintain the overall light tax policy, reduce the burden of low- and middle-income people, but also skillfully increase some new tax sources, and absorb the tax characteristics of the political axe, and levy a huge tax on the conversion of agricultural land to industrial and commercial land, so as to limit the frenzied investment in the real estate industry and solve the financial pressure of the political axe.

Of course, in the huge total import and export volume of the three eastern provinces, the share and contribution of the Far Eastern consortium is very amazing, especially in the field of industrial and mining investment, only the large-scale investment of the Far Eastern consortium in more than 50 industrial and mining enterprises accounts for 9/10 of the total import of industrial and mining machinery, and almost all of the new total exports come from the contribution of the Far Eastern consortium.

In other areas of the new policy in the three eastern provinces, such as the number of tutors, the total number of new tutors in Liaoning Province has exceeded 4,000 in the past year.

There are 7 new universities, 43 technical secondary schools and 71 middle schools in the three eastern provinces.

All of this actually comes from two reasons: first, the tax revenue of the three eastern provinces has been greatly reduced; second, the easing of financial credit and the abundant money supply in the three eastern provinces; As a result, there has been a significant increase in employment opportunities.

Based on this series of foundations, Song Biao can believe that in the next two years, the development of the three eastern provinces will be more rapid, and the three eastern provinces will create a miracle of China's economy in a short period of time.

In March 1907, the competition for the right to issue banknotes in the three eastern provinces became fierce.

After several twists and turns, Song Biao finally signed a governor's decree confirming Crédit Agricole CIB, HSBC, Wells Fargo Bank (San Francisco Bank of America), and China Union Bank as the four new note-issuing banks, and before that, under the auspices of Northeast Bank, Far Eastern Bank, Xinhua Bank, Bank of Shanghai, Nanyang Bank, China Commerce Bank and Deutsche Bank read the joint stock to run the new China United Bank, with Deutsche Bank holding 35% of the shares, occupying the largest shareholder seat.

As a precondition for the approval order, the four new commercial note-issuing banks must subscribe for more than 10 million silver yuan in the public bonds of the three eastern provinces.

Fortunately, Crédit Agricole, Bank of America of San Francisco, and Union Bank of China all absolutely supported Song Biao's forces and easily repelled the rumors.

With 80 million Kanto silver yuan in hand, the finances of the three eastern provinces do not need to worry about it for at least the next three years, which at least makes Song Biao temporarily relieved.

During this period, various questions about the railways of the three eastern provinces finally had a long-term solution, and the Far Eastern Railway Corporation and Vanderbilt Company reached a long-term cooperation agreement to establish a joint venture of the Far Eastern Fuguo Locomotive Company to produce train units in Liaoyang, and the two sides jointly established the Sino-American Railway Joint Company with half of the shares to undertake most of the sections of the railway plan of the three eastern provinces that were not included in the existing contracts.

So far, the scale of railway financing in the three eastern provinces has reached 22 million pounds, and the Far Eastern consortium has completed the railway construction plan of the three eastern provinces with empty gloves and white wolves, although the Far Eastern consortium has to bear half of the loans, but the pressure of repayment of the loan in installments for 30 years is not very excessive for the Far Eastern consortium.

When the new policy of the three eastern provinces developed to this point, the second phase of the Northeast New Army's training plan was finally completed, and Song Biao finally began to deal with the increasingly serious problem of the Ronin.

At the end of last year, the Lushun Governor's Mansion was set up privately in Lushun, with the Lushun Governor's Mansion as the main body, and wantonly spying on all kinds of intelligence in the three eastern provinces through right-wing organizations and overseas Chinese and spies.

Song Biao just faced all this coldly, and quietly looked at the signs of Russia's attempt to improve relations, with the expansion of the German-Austrian alliance, Britain and France secretly moved towards an alliance, and both sides restrained Russia to end the confrontation.

In the three eastern provinces, the situation remains unfavorable.

Because it was able to guarantee Russia's special rights and interests in the three eastern provinces through Song Biao, Russia actually had no intention of sharing the three eastern provinces with Yue Ben, and he was well aware of this, but with Britain, France, Germany, and the United States all speeding up their infiltration in the three eastern provinces, as well as their supportive attitude towards Song Biao and the Northeast New Army, Yu Ben also knew that Russia was in an embarrassing state.

Based on this special situation, secret contacts between Russia and Russia were becoming more frequent, and the two sides tried to reach a new secret treaty to restrain Song Biao, and Song Biao skillfully countered this binding force through the strong support of Germany and the United States, as well as the strange contradictions between Britain and Russia and France.

In all these countries, Song Biao has been secretly with Theodore. President Roosevelt met with him, and there is no need to explain the attitude of the United States, and they will unconditionally support Song Biao and the New Army in Northeast China, maintain the reading power of the three eastern provinces, and ensure that the Anglo-Japanese alliance and the Russian-French alliance cannot separate the three eastern provinces.

This support was translated into a practical policy, that is, the foreign-related courts in the three eastern provinces were all served by American lawyers, and the United States approved the return of Gengzi's indemnity in advance, and allocated one-third of it to the three eastern provinces separately, and the three eastern provinces sent students to study in the United States, and the Virginia Military Academy officially accepted the commission trainees of the Northeast New Army.

At the same time, Song Biao and US Minister to China Rockhill signed a "Supplementary Agreement to the Sino-US Trade and Trade Agreement in the Three Eastern Provinces," which provides the most favored treatment and national protection for American businessmen to invest in the three eastern provinces and businessmen from the three eastern provinces to invest in the United States.

The U.S. strongly supports businessmen to invest in the three eastern provinces, which is reflected in the special support of the U.S. for the U.S. Bank of San Francisco, which is owned by the Vanderbilt family, by approving its interstate business rights, and the Treasury Department coordinating the merger of the San Francisco Bank of America with Wells. Fagao Bank (the predecessor of Wells Fargo, the so-called Wells Fargo is the transliteration of Fagao), the reason why this is so is precisely because Wells. Agaux Bank has the only transpacific railroad transportation division, which guarantees that Bank of America has a basis for cooperation with the eastern banks of the United States.

With these foundations, American capital and entrepreneurs were finally able to pour into the three eastern provinces unimpeded, and expand rapidly under the protection and support of Wells Fargo, as was the case with the Far East Wells Fargo Locomotive Company and the Far East Wells Fargo Iron and Steel Company.

In military and military-industrial cooperation, the US political axe has also given special treatment to the Northeast New Army, and the US consulates in the three eastern provinces can directly approve arms sales licenses for the three eastern provinces, which enables the Northeast New Army to directly purchase military equipment and ammunition in the United States.

Everything is changing rapidly, the world situation is unpredictable, and the three eastern provinces are only one of the boats.

Inadvertently, the United States and Germany became Song Biao's most important allies, although his alliance with Russia was still entrenched, and with this situation not deteriorating further and still favorable to him, Song Biao decided to quickly deal with the problem of the Ronin and cut off these minions that continued to infiltrate the dark corners of the three eastern provinces.

…… Winter goes to spring.

When it rained in the valley, the Northeast also began to come out of the cold winter, ushering in the new spring of the 33rd year of Guangxu.

In these most delicate days, the police bureau of Jinzhou Zhili Prefecture attacked in advance, preemptively arrested more than 140 people on charges of illegal possession of weapons and other crimes, and eliminated all the dens where the people often gathered. The police bureaus in Shenyang, Liaoyang, Haicheng, Dandong and other places also followed suit to launch this Guyu operation.

In the morning, after finishing the five-kilometer run at dawn today, Song Biao returned to his office very early and quietly waited for the follow-up development of the situation.

He certainly won't give up, but what can he do?

Will all cooperation with the three eastern provinces be interrupted?

Do you send an army to show off your might?

Do you dare to do this?

Song Biao lit a cigarette for himself with an indifferent sneer, and calmly looked at the square outside through the window.

(To be continued)