Tang Shaoyi was doing business, and at the same time doing the private affairs handed over to him by Wang Chenhao.

Tang Shaoyi, with the authority of the envoy to the United States, listened to the financial affairs of New York through the side of the New York municipal axe, and soon contacted his old friend Godener, and learned a series of financial problems from Wall Street.

Ge Denger learned that Tang Shaoyi was promoted to minister to the United States, so he went to Tang Shaoyi to pay a visit, and Tang Shaoyi also learned some inside information from him while talking to him.

In the first six months of 1891, U.S. gold exports exceeded the total U.S. gold exports in the previous 25 years. The outflow of gold has caused a rapid decline in gold reserves in the United States. Gold reserves are being run out like crazy.

In May 1893, the National Cordage, an industrial stock listed on the New York Stock Exchange, went bankrupt. This incident led to an avalanche in the securities market. Immediately after the crisis of the solvency of the banks, the public went to the banks to withdraw money – gold, silver, including coins.

In January 1895, the situation accelerated and $26 million of gold flowed from the United States to the outside world; $45 million in gold was withdrawn from the U.S. Treasury to pay fiat currency. The Treasury has only $40 million left in its gold reserves, and it is also flowing out at a rate of $2 million a day.

By August, the US Treasury Department, US political axe, and US Congress were at a loss for the only option left – to turn to European bankers for help and compromise with the international financial predators. The Rothschilds, with their huge syndicate gold reserves, were finally able to intervene in the US financial sector, making their official appearance for the first time in the history of the US economy.

Subsequently, U.S. Secretary of State Carlisle and the Rothschilds tentatively agreed to try to issue bonds in Europe through negotiations, and the first step to rescue the market was to contact J.S. Morgan & Co., the branch of the Bank of New York in charge of European business. However, J.S. Morgan objected, claiming that J.S. Morgan would only be involved if J.P. Morgan and Rothschild's representative in New York, Auguste Belmont Jr., were involved in the matter.

However, the cabinet members in Washington were adamantly opposed to any proposal to issue public bonds, arguing that it would put the American political axe under the control of a group of foreign bankers, who history later proved right, but at that time they seemed to have run out of options.

Eventually, Morgan got his wish and soon held negotiations with Cleveland, the Treasury and Attorney General. When an axe clerk hurried in and told Carlisle that there was only $9 million left in the gold reserves, the president and the secretary of the Treasury lost their last chance of luck. Morgan's words pierced like a sharp sword: "Before 15:00 on October 3, the gold reserves of the political axe will be exhausted!"

Cleveland now understood that he had no other choice, and he asked his old friend, "What do you have to do, Mr. Morgan?"

Morgan then came up with a plan that had been planned for a long time, but it was bold and feasible. He suggested that he and the Rothschilds should lead a syndicate of European banks to underwrite the $200.5 million bond issued by the U.S. Treasury. As a result, the U.S. Treasury could obtain 10 million ounces of gold coins (about 300 tons of gold) to get out of the gold run.

In October 1895, the gold reserves of the United States reached a record low, only 9 million US dollars (equivalent to 12.3 tons of gold), the Rothschild family represented by the European bankers finally in the thirtieth year of the layout of American finance, secretly captured the seven inches of the American economy, taking advantage of the lack of gold in the United States, with an overwhelming advantage in gold to conquer the United States in one fell swoop, and since then has become the real controller of American finance, and continued until the end of World War I.

Later, there was a passage that illustrated the real center of power in the United States: the Morgan Party belonged to the Morgan family, the Republican Party belonged to the Rockefeller family, and both Morgan and Rockefeller were instruments of the Rothschilds to rule the United States until the end of World War I.

According to Wang Chenhao's instructions, Tang Shaoyi registered a New York commercial bank in New York, mainly to issue private loans to Americans in New York, and invited his friend Ge Denger to serve as the company's manager.

The small bank where Godener worked was called the Carnaghie Commercial Bank of New York, with a registered capital of only $1 million, and a year ago its market value was more than $3 million, but because of the gold run, the market value was less than $900,000, and the bank was in trouble and on the verge of bankruptcy.

Tang Shaoyi nodded in agreement, so that God's head came forward and wholly acquired the Carnegie Commercial Bank of New York for $1 million. The new bank was renamed Bank of America, with Godener as the bank manager, the former bank manager Carnegie continued to serve as the deputy manager, and the other employee positions remained unchanged, except that the legal representative had become Wang Chenhao, and Tang Shaoyi was the temporary legal representative.

After the establishment of Bank of America, it was an inconspicuous small bank among more than 200 banks in New York, but Tang Shaoyi, who knew the secrets, knew in her heart that the bank that was bought back for $1 million would soon recover to a market value of $3 million. Every time she thought of this, Tang Shaoyi couldn't help but marvel, just like this, the capital increased from one million dollars to three million dollars, which was really a money grab.

However, soon Tang Shaoyi calmed down, he only used one million US dollars now, and Wang Chenhao still gave him 24 million US dollars, and the excitement was still to come.

In November, when Wang Chenhao estimated that the Rothschild family had reached an agreement with the American political axe, he immediately sent a telegram to Tang Shaoyi, asking him to start buying the bonds of major banks on Wall Street.

At this time, the bond stocks of Wall Street banks had almost hit rock bottom, so Tang Shaoyi used all the $24 million injected into Bank of America to buy the bonds of major banks. In order not to arouse the outside world's ideas, Tang Shaoyi did not buy just one, but quietly spent $24 million from the largest Morgan Bank in the United States on Wall Street to the emerging Citibank, to other small and medium-sized banks in New York, and then to the banks opened on Wall Street by other countries such as Britain, France, Germany and Russia, and then sat back and waited for the stock market to recover.

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When Wall Street staged a financial plundering war, Tianjin, which is far away on the west coast of the Pacific Ocean, was also lively. As the time of the autumn season approached, military experts at home and abroad and major news media gathered in Tianjin, waiting to watch the autumn military exercise.

As the first autumn military exercise after the First Sino-Japanese War, and as the first appearance after the trial of the new army, the central government of the Qing court attached great importance to it, and all kinds of thoughts were gathered on this autumn exercise, Guangxu of the Forbidden City, Cixi Lafayette of the Summer Palace, the Military Aircraft Department, the Prime Minister's Yamen, the members of the six departments, the feudal officials, and the governors and generals all gathered in Tianjin, and the new troops trained by the provinces went to the Yongping area of Zhili to participate in the military exercise.

The autumn festival is divided into three parts, the first part is the new army formations in each province to be inspected by the imperial court, that is, the military parade. In the second part, the imperial court sent commissioners to conduct a comparative assessment of the infantry, artillery, cavalry, engineers, and baggage soldiers of the participating armies, and the results of each branch of the army after the assessment were used as the basis for judging the third phase of the confrontation exercise. The third stage was the confrontation exercise, due to the limited funds of the Qing court, a autumn drill cost at least 8 million taels, because only two units were selected to participate in the confrontation exercise every year, and the other troops only did observation.

Over the years, the autumn season is a contest between the north and the south, and the others are just foils. This year's autumn is another test of the new army, representing the northern army is the first division of the new army in Zhili, with Wang Chenhao as the president; The representative of the Southern Army is the first town of the Liangjiang Ziqiang Army, with Zhang Xianzhi as the president.

As the finale of the autumn season, the confrontation exercise has been a show for many years, and it has been a formality because of the fear of casualties. But this year is different, the Qing Imperial Army was defeated miserably, and the Qing court's three-minute blood was not over, in order to show off its force in front of the people and scare the people, and at the same time, in order to deter the powers not to bully the Qing Army.

For these reasons, the Qing court allocated an additional 800,000 taels of silver to purchase rubber bullets with half of the charge from Germany and distribute them to the participating troops. Although this rubber bullet cannot kill people, when it hits the vital part, it will make people lose control for a short time, fall, coma, temporary shock, and be judged to be killed on the battlefield. At the same time, after the rubber bullet is fired, there will be a red mark on the clothes, and the body will be bruised and purple, and there will be a supervisor to check it at any time, and once it is found that the person who continues to participate in the competition after being shot, the entire company will be sentenced to withdraw from the exercise in violation of the law, so the participating troops will strictly require the person who was shot to withdraw from the battle, so as to ensure the real surname of the exercise.

On September 20, 1895, the Central Palace issued an edict, informing that this year's autumn festival would be launched on October 4, before that, Prince Gong and Prince Qing Yixuan would temporarily review on behalf of the Son of Heaven and the Queen Mother, rehearse the military parade of the new army in advance, and order the commanders of the new army to prepare in advance.