Chapter Seventy-Eight: Issuance of Treasury Bonds (I)

The 11th and 12th armies of the Northeast Army successfully attacked but were blocked by Cheng Yanjin, who was killed halfway, blocked their way to pursue and kill the rebels, and forced them to retreat when they were tired, which made Zhang Kai very angry, and he was about to succeed, but he didn't expect such a situation to occur, but he didn't dare to attack the rebels rashly.

The rebel reinforcements came non-stop, or braved the storm, because they knew that the army in front of them did not bring rain gear, and they were likely to be attacked by the enemy frantically, or they might not be able to hold on, so their generals hurriedly rushed the army to the rescue.

When they arrived, they saw that their own army was being chased and beaten, and without saying a word, they let the cavalry deter the enemy and let the enemy retreat temporarily. They were already very tired from rushing non-stop, and they didn't have the strength to fight the enemy at all, but they also believed that the enemy army was also tired after this battle, so they used cavalry to threaten the enemy, but they didn't expect it to be really successful.

After the storm, less than 30,000 of the first batch of 100,000 troops entered Jilin, plus the 50,000 reinforcements of the army, only about 80,000, and the Northeast Army on the opposite side still had about 60,000.

Zhang Kai immediately ordered them to continue to improve the rudimentary trenches after returning to his camp with his army, and now they did not know how many reinforcements the rebels had, so they had to strengthen their defenses, and they would not capsize in the gutter.

"Report to the commander, the intelligence department of the empire sent a telegram, saying that the rebels' increase in troops this time is only 50,000, and they don't know how much the follow-up increase will be, Xu Lanzhou has not reacted yet." A telegraph correspondent ran to Zhang Kai's barracks and said to Zhang Kai.

Zhang Kai waved his hand and let him go down, at this time the soldiers were taking turns to rest and stand guard, only a few of Zhang Kai's henchmen were still staying here with Zhang Kai, and they didn't dare to go down to rest without Zhang Kai's order.

"Xu Lanzhou, a traitor, will not be indifferent to watching his army being wiped out, I believe that it will not be long before he will continue to increase his troops, I hope that Commander-in-Chief Zhang's reinforcements and national defense forces will arrive soon, otherwise we will not be able to hold on." Zhang Kai said worriedly. The current situation is indeed not in their favor, but they have to persevere, otherwise they will be looked down upon in the Northeast Army and even the National Defense Force in the future.

"According to the imperial intelligence, the rebels on the opposite side have surpassed us at this time, and they still have a cavalry of seven or eight thousand people, which is very difficult to deal with!" An officer rubbed his temples and said.

It was the cavalry Zhang Kai, who was afraid of the rebels, that chose to retreat as soon as the rebel reinforcements arrived, his army did not have cavalry, the cavalry was all in Prince Su's henchmen, and the Manchurians were the main force of the cavalry.

"There's nothing to be afraid of, even if they have more troops than us, we can hold out for a while, and our supplies are not less than theirs, or even more than them, as long as we wait for our reinforcements to arrive." The other officer thought for a moment and said. Originally, their army had 150,000 army logistics materials, and the 50,000 rebels of Prince Su were captured by them, and the materials of the Heilongjiang rebels had been almost destroyed in the previous battle, and only the rebels who were reinforced later had materials.

"According to the speed of the Wehrmacht, it will arrive at us in a few days, the empire has sent me a telegram, they will send troops to reinforce us, and then attack Heilongjiang in one fell swoop, you don't have to worry too much, go down and rest." Zhang Kai did receive a telegram from the empire saying that he wanted reinforcements to attack Heilongjiang, and asked them to hold out patiently for a few days.

A group of henchmen also breathed a sigh of relief after listening to Zhang Kai's words, if they really want to fight to the death with the rebels, they will be heartbroken, after all, these will be their team in the future, and it is up to them to gain a foothold in the National Defense Army, and they must not lose too much.

The atmosphere of the rebels was very dignified, and they lost seventy or eighty thousand people not far after entering Jilin, which was simply a disadvantage, they didn't know how to explain it to Xu Lanzhou, but they still sent a telegram to Xu Lanzhou.

Longjiang, also known as Longcheng and Longsha, that is, Qiqihar in later generations, is now the capital of Heilongjiang Province, and Xu Lanzhou's mansion is here. Xu Lanzhou's mansion was originally the governor's mansion, but after the founding of the Chinese Empire, it was changed to the governor's mansion, close to the provincial government.

At this time, in the side hall of the governor's mansion, the ground was full of messy meals and broken dishes, the dining table was overturned to the ground, Xu Lanzhou was roaring with a telegram with an angry face, and the soldiers who rushed to deliver the newspaper were sprayed with saliva.

"Rubbish, a bunch of rubbish! I was so disappointed that they had lost so many soldiers before they had even entered Jilin, and that they were not fighting against the Wehrmacht, but the rebels of Mukden! ”

"Shit storm blow, why didn't you make adequate preparations when you sent out the troops, didn't I buy rain gear with the money I sent?"

"A group of idiots know that others will take the opportunity to attack and stay there stupidly waiting for others to come, you won't attack, you won't attack, you will rob others without rain gear!"

“……”

After roaring for half an hour, Xu Lanzhou's face eased, and he was also thirsty, so he let the soldiers whose clothes were already soaked go down. He didn't expect that God wouldn't help him, and he would give him a storm at this time, and it would be unfavorable for him to become a teacher, is it really retribution? After thinking about it for a while, he could only think that Zhang Kai's army had encountered shit luck.

Xu Lanzhou asked people to check the logistics, and it turned out that it was his henchmen and relatives who had arranged it in the logistics to corrupt a lot of military expenses and use them to buy opium, which is also the result of why the army's logistics materials have no rain gear. Xu Lanzhou was furious and fed all these relatives and henchmen who managed logistics to the dogs, and also checked in the army and the government whether his henchmen secretly defected to the Japanese and betrayed him, and it turned out that a lot of them were discovered, which made him estranged from the Japanese.

Although he took refuge in the Japanese, he did not want to be controlled by the Japanese, nor did he want to become a puppet of the Japanese, because the Japanese had violated his bottom line by secretly bribing his officials and henchmen.

In any case, now that he has stepped on the ship of the Japanese, there is no way back, he can only go all the way, so he continues to send 50,000 troops to reinforce. It was not that he did not want to send more troops to reinforce him, but he couldn't, because the north and west sides had to guard against Wehrmacht attacks.

……

After planning for a period of time, the Chinese Empire decided to issue treasury bonds, which were divided into domestic debts and foreign debts, with 5 billion Chinese yuan at home and 10 billion Chinese yuan abroad, which were used to fill the fiscal deficit on the one hand, and to raise war funds on the other hand.

On October 1, the Chinese Empire officially announced the issuance of treasury bonds, which are five-year treasury bonds with a coupon rate of 3.3% per annum, and the value date is October 1, 1913, with interest paid annually and interest paid on October 1 each year until the last year. Imperial citizens can purchase the new Imperial household registration book and identification documents at the branches of the Imperial Central Bank, and the Imperial Government will crack down on speculators, and anyone who is found to be malicious will be shot.

Foreign bonds had to be postponed for a few days, because the Chinese Empire did not have enough financial managers to manage the treasury bonds, so the issuance of the state's foreign debt was deliberately postponed in order to facilitate management.

On the day of the issuance of the imperial state's domestic debt, it was robbed by the people of the empire, and people everywhere lined up outside the central bank of the empire early, and some even came to line up last night without sleeping, which shows the people's trust in the national debt. The Imperial Daily has already revealed the news in advance, and the people have raised funds early, waiting for the Empire to announce it.

The Manchus had also issued treasury bonds before, but the scene was not so terrifying, and it was not welcomed by the people, one was that the people simply did not have extra money to buy, and the other was that the reputation of the Manchus was insufficient.

After the establishment of the Chinese Empire, the economy was vigorously developed and reformed, many people already had surplus money, and the credibility of the empire was very high, and the treasury bonds issued by the empire were also very trustworthy, after all, many big commercial houses in the empire stood up and were willing to guarantee with the empire, so there was no need to worry that the empire would trap them, of course, the most important thing was the attractive interest rate.

The people of the empire knew what it meant for the empire to issue treasury bonds at this time, and there was no doubt that it was to raise funds for the war, and of course they would support it with all their might.

Why not buy government bonds to support the Empire's military and earn interest. Even the remaining peasants in the countryside, who had no money to spare, gathered in a village, and dozens of people from the latter rushed to the central bank to line up a day in advance with the scattered money, and the central bank's personnel did not underestimate or disrespect these peasants, but felt very cute.

"Hello, how much Treasury do you want to buy?"

"I want to buy five hundred Chinese yuan, this is the money that our village has put together, and we want to support the empire to defeat those foreigners!"

"Okay, this is proof of your bonds, be sure to keep it and don't lose it."

"Thank you, girl, you are so beautiful, even more beautiful than the spring flowers in the next village!"

Central banks across the country staged the above dialogue, which is also a manifestation of the Empire's popularity, and even the Imperial Daily has published a special feature on it.

The news of the issuance of treasury bonds by the Chinese Empire shocked all countries in the world, Japan and Tsarist Russia called on Britain and France and other countries to boycott China's treasury bonds, Britain and France did not make any statements, and China's issuance of treasury bonds was not much, and I don't know if there was a share of them, you must know that the closest to China are Germany and the United States and other countries, and these countries can swallow these bonds casually.

Businessmen from various countries are even more ecstatic, in their eyes China is a super potential stock, the potential is far greater than that of Japan and Tsarist Russia, the Chinese market is very large, and if you buy China's treasury bonds, it will become easier to enter the Chinese market in the future.

The domestic debts of the Chinese state can only be purchased by those who are Chinese citizens, and the forces in China or those connected with the Chinese state have transferred money to the Chinese people they know, and they have purchased the treasury bonds in their name, and then give them a little interest.

In addition, they are looking forward to the issuance of treasury bonds in China's foreign markets, 10 billion Chinese dollars is equivalent to 5 billion US dollars or even more, and the governments of the Entente countries such as Britain and France should not buy China's treasury bonds, so they still have the opportunity to make money, and there are also many speculators who are ready to speculate on China's treasury bonds, because the Chinese dollar has a huge room for appreciation.