Zhao E, who was originally just an ordinary civil official under the Beiyang system, served as a county magistrate in Zhili Province in his early years, not how good he was, in the original history, this person was an obscure late Qing Dynasty official, and the only estimate that can find some records in history is that he and Guangzong rebelled a little bit of records.

However, since he was invited by Zhao Dongyun to work in Fengtian in 1905, serving as the general office of Huludao Industrial Zone has become a major turning point in his life.

The successful establishment of the Huludao Industrial Zone and the subsequent rapid development have made him one of the few effective economic development officials in the three eastern provinces, especially under Zhao Dongyun, and his prestige in the Beiyang system has also risen rapidly in recent years, and even in China is a little famous.

The success of Huludao Industrial Zone also allowed him to cross the threshold of middle-level officials in one fell swoop, and was pushed to the position of Governor of Jilin Province by Zhao Dongyun in one fell swoop, and Zhao Dongyun's intention to transfer him to serve as Governor of Jilin Province is also quite obvious, that is, he hopes to use his successful experience in Huludao Industrial Zone to promote the economic development of Jilin Province.

At the financial meeting, he also proposed a so-called borrowing plan based on his experience in the Huludao Industrial Zone.

This borrowing plan does not mean borrowing from foreign banks or governments, but rather issuing a certain amount of government bonds in the three eastern provinces to raise continued funds.

"The proposed issuance of bonds is called 'construction bonds of the three eastern provinces' divided into one-year, three-year, five-year, and ten-year periods, in order to be able to quickly raise funds and attract the majority of businesses and people to buy, the interest rate is set slightly higher, ranging from five cents to seven miles. It is preliminarily expected to be issued by Fengtian Bank! ”

Although Zhao E is the person who proposed the issuance of bonds, it is the Finance Bureau that specifically bears the responsibility at this time, Xiong Xiling said: "According to our estimates, the first phase should be able to sell about one million, but the specific sales situation still needs to be determined after the issuance!" ”

Zhao Dongyun took the plan, looked at it slightly, and asked Jia Bingyun, the president of Fengtian Bank next to him: "President Jia, is there a problem with the issuance of this bond, and will it cause a certain conflict with the issuance of banknotes?" ”

Jia Bingyun said: "Overall, the problem should not be big, judging from the rumors we released a few days ago, due to the relatively high interest rate of this first bond, many merchants and ticket numbers and banks have expressed interest, but they should not buy too much, mainly to try the water!" ”

On the one hand, ordinary people do not have much money to buy these bonds as investments, and secondly, ordinary people also have certain worries about these bonds issued by the government, for fear that the government of the three eastern provinces will default on their debts.

Many people in the financial industry do not have much hope that Zhao Dongyun will be able to enter the customs and rule China, but they do not think that Zhao Dongyun will fall within three years or even a year.

Therefore, many adventurous capitalists are planning to make a short-term investment!

Zhao Dongyun is also relatively clear about this situation, and at this time he said: "I will instruct the Fuyuan Company to let them take the lead!" ”

Fuyuan Company has a lot of assets, although it is very difficult for them to take out millions at once, but it should not be a problem to come up with a million funds to buy bonds, and after this beginning, it can also affect subsequent merchants to buy bonds.

In fact, this time the bond issuance, the main force of purchase will be the Fengtian Bank, Fengtian Bank has attracted so many deposits, always have to borrow out to earn interest, although it is said that a large part of the treasury silver should be set aside as a reserve for the issuance of paper money, but it is also possible to set aside a part of it to buy construction bonds.

In fact, not only the construction bonds issued by the Finance Bureau of the three eastern provinces were mainly purchased by Fengtian Bank, but also the construction bonds issued by the three local governments of Yingkou Industrial Zone, Huludao Industrial Zone and even the Shenyang Municipal Government were mainly purchased by Fengtian Bank.

The establishment and development of Fengtian Bank can be said to have solved a lot of problems in Fengtian's economic development.

After confirming the issuance of construction bonds, Xiong Xiling, who saw that borrowing money could solve the urgent need, proposed another construction project, that is, to continue to find foreign loans, preferably to borrow tens of millions of yuan and then use them for Fengtian's economic construction.

However, this kind of thinking can only be imagined, and now the great powers of the countries are very worried about the chaotic situation in China, especially the imminent civil war between the north and the south!

So far, the Great Powers have not even been able to judge which side of the North and the South will win, and in this case many of the Great Powers have not begun to bet, and the two governments of the North and the South have not recognized it anyway. However, the Japanese and Russia are very active, and the reason why the Japanese are active is also simple, they want to see a war-torn China, so they move around, selling more than a dozen artillery pieces to Zhao Dongyun in the front, and selling tens of thousands of 30-year-old rifles and more than 30 artillery pieces to Wang Yingkai in the back, which is not counting, and then they went to the south and sold more than a dozen artillery pieces to Duanfang.

Behind the booming arms business, there is also an implicit desire for China to fall into a civil war.

The Russians also did some arms business with Zhao Dongyun, but they attached more importance to the situation in the Far East, especially the situation in the three eastern provinces, and the frequent activities of their diplomatic personnel stationed in Shenyang increased their contacts with Zhao Dongyun.

It's just that although Zhao Dongyun has a good record of cooperation with the Russians, if you want to get real money from the Russians, it is not something that you can do with your mouth open, if you don't give the Russians some benefits, people will not lend you money Zhao Dongyun, and what benefits do the Russians want most? It must be territory!

As for other countries, for example, the Americans hope to carry out a certain amount of cooperation with China, and then work together to curb the development of Japan, but why do people fancy you Zhao Dongyun, what they want is a unified central government, so that they can become their object of cooperation, let alone Zhao Dongyun now, Zhang Zhidong and Wang Yingkai have no possibility.

And not to mention the likes of Britain, France and Germany, people are not stupid, and they will not come over to you to send you money to support you!

So the idea of wanting to get a loan from a foreign country is unrealistic!

As for the arms people, they are willing to sell them, Germany, Japan, and even the Russians are selling all kinds of weapons to Zhao Dongyun, as long as they have money, they can sell any artillery, shells, machine guns, rifles, and bullets, but if they don't have money, they don't even give weapons to these warlords in China for nothing, even if Zhao Dongyun or Wang Yingkai wants to get weapons from Japan, they have to give money.

The Finance Bureau and the newly established Foreign Affairs Bureau and the Russians even talked to the Japanese themselves several times about asking for loans, but none of them were negotiated, and the Russians generously said that as long as Zhao Dongyun was willing to cede Heilongjiang to Russia, he would be able to provide a loan of up to 50 million taels immediately, and it would be at a low interest rate.

I also said that as long as the three eastern provinces give the Anton concession to Japan, I can also provide you with a loan of 10 million.

Question: Even if Zhao Dongyun is willing in his heart, but does he dare?

He didn't dare, if this matter came out, he guaranteed that a large number of young Zhuang officers would have to mutiny!

It's not so easy to betray the country!

After seeking loans or even support from the foreign powers without much hope, Zhao Dongyun could only hope that the bonds in China could be sold, but fortunately, Fengtian Bank was strong enough, and the first batch of six million construction bonds, it bought four million, but it did not give cash, he gave paper money......

Fuyuan Company also bought 800,000 taels, and the Li family in Jinzhou, in line with the intention of following Zhao Dongyun, also gritted their teeth and bought 50,000 taels, and several private banks and ticket numbers in the other three eastern provinces, which tens of thousands, which ones were more than 100,000, and finally these added up to 2 million.

It is regarded as selling the first phase of 6 million construction bonds, but these construction bonds are mainly with one-year and three-year tenors, and the interest rate is higher than that of ordinary loans, which means that the 1908 and 1910 finances have not been confiscated, and they have already been saddled with at least six million debts, and this interest has not yet been calculated!

But no matter what, the urgently needed military expenses in the first half of 1907 were finally made up, and the millions of arrears accumulated by the Fuyuan Machinery Factory were finally received, and the fate of bankruptcy was avoided!

But before Xiong Xiling and others in the financial system could breathe a sigh of relief, the military was making frequent moves, and even shouted out a plan to equip the patrol force with new rifles in February.

The military says that the patrol units of the 12 regiments today are old and disorganized, with new rifles, Japanese rifles, and Russian rifles, and more of them being old single-mount rifles, and there are as many as eight or nine models of these old-fashioned single-mount rifles.

He also said that the main ordnance supplier in the three eastern provinces, that is, the Fuyuan Machinery Factory, stopped the production of all kinds of messy old ammunition last year, and these old guns are now using ammunition from stock, so they are required to be uniformly equipped with Fuzao rifles.

Again, this is a huge expense.

This is not counting, in March, the military once again proposed to Zhao Dongyun a plan to build a new infantry division, and not to mention the follow-up costs of building a new infantry division, the upfront cost alone will not be able to rise without 3 million taels of silver.

In the face of the military's enthusiasm for army expansion and the endless huge military expenditure, Xiong Xiling once again played a scoundrel, once again refusing to pay the military additional military expenses, saying that if you want to expand the army, you Qiu Ba will raise money on your own, anyway, don't expect the Finance Bureau to give you a dime to expand the army.

Zhao Dongyun is still a warlord in the end, this expansion of the army is the thing he attaches the most importance to, seeing that the three divisions and five brigades are about to be fully filled, and the military does not expand the army is equivalent to standing still, and at this time, Wang Yingkai, who is directly under the army, expanded the seventh division, and came up with the so-called eleventh division and twelfth division training plan, so although Zhao Dongyun did not come forward, but also supported the military's expansion plan, in the final analysis, the reason why the military proposed the expansion plan is his hint.

However, Xiong Xiling is also good at stubble, in the face of military pressure, Zhao Dongyun hinted intentionally or unintentionally, Xiong Xiling directly submitted his resignation to Zhao Dongyun!

I'm gone!