Chapter 345 The Tea is Getting Cold
Qian Fuxing felt very sad to see such a tragic scene. The man hadn't even left yet, but the tea was getting cold already.
He was so angry that he vomited blood and waved his hand to tell everyone to leave.
After everyone left, Jiuzi's sister fell to his feet crying, begging Qian Fuxing to save her brother. She only had this brother to depend on.
Qian Fuxing's face turned pale as he said he was still thinking about how to cross the river. He called the guards to drag his concubine up. He yelled at Jiuzi that the price of Qianyin was about to plummet, and asked Jiuzi to quickly take out the Qianyin he had purchased and give it to the depositors who came to withdraw silver at the market price.
I have no money left, but money notes are also money and can be discounted.
Jiuzi went back in a hurry, as the cash in the shop had been used up. He had no choice but to put up a sign to pay off the debts with money. The depositors were furious and rushed over to start a fight.
Fortunately, there were police officers around who rushed over to maintain order. The two sides started to discuss. No one wanted the money notes that had become worthless. Jiuzi was forced to give in again and again, and finally reached an agreement to pay the money notes according to the exchange rate at the end of last year.
This money note was no longer worth anything, so the common people took the receipts and exchanged them for bundles of money notes, then left Jiuzipu and ran to the bank to exchange them for new currency.
Damn it, this is so damn dangerous, I almost lost all my money. People were queuing in the bank and chatting with each other as if they had survived a disaster.
The common people who received the Qianyin finally breathed a sigh of relief. After going through this ordeal, they thought it would be better to change to new currency. At least the new currency has thicker paper and more exquisite printing, which is more than ten times better than the Qianyin. At least the production cost is much higher.
Depositors returned with their money in boxes, pockets, and arms. When they saw acquaintances , they would ask: "Do you know that something has happened in Shisanpu? Go and get your money back quickly."
Damn, the publicity was so powerful that everyone in the city knew about it very quickly. Some wealthy families in the surrounding counties also kept their money in Shisanpu. Friends and relatives in the city rode donkeys and horses, and drove car number 11 to rush over to report the news.
Zhao Yulin was drinking tea with Mr. Ding, Lao Cao and others in the government office, closely following the developments.
Jiang Ligang came over excitedly to report that Jiuzipu had gone bankrupt and was already using money to exchange the money to offset the debt.
What did Zhao Yulin say with a smile? It's only the first day, why can't he hold on?
Lao Cao also said happily that it must be that guy who used a large amount of treasury silver to buy money and was really looking for death.
Mr. Ding was happy at first, but then he became worried and asked if the money shop would not have enough money to pay off the debts, causing damage to the people's property.
Jiang Ligang said seriously that this was very likely. Although Jiuzi Shop was called the Ninth Shop, it was a prosperous shop ranked high in terms of strength in the money market. If Jiuzi couldn't hold on, it would inevitably result in a margin call, which would definitely cause a full run on the money shops.
Mr. Li glanced at Zhao Yulin and said, "How can any egg remain intact when the nest is overturned?"
That depends on their luck.
Zhao Yulin nodded and asked Jiang Ligang to go to the Qianshi to take command, ensure the safety of the Qianshi, and allow depositors and shopkeepers to have an equal dialogue and negotiate a solution to the aftermath.
Lord Ding summoned important officials from the Central Council to discuss matters.
Zhao Yulin reported the whole story of how Shisanpu repeatedly speculated on money notes and raised the exchange rate in an attempt to make huge profits, and then told everyone that he and Cao Gong were gradually exposing the true face of the money shop.
However, Zhao Yanna opposed such a drastic treatment. He believed that the Thirteen Shops in Chengdu had a long history and the money market was well-known throughout the country, and Thirteen Shops had made great contributions. It seemed inappropriate for it to be destroyed by the New Song Dynasty.
Lao Cao said angrily that Shisanpu refused to listen to orders and advice, and even went against the court. According to the previous dynasty, the officials would have been sentenced to death by beheading. What was wrong with that?
Ding Gong was not willing to see the situation in Qianshi develop to the current state.
Shisanpu also did a lot of work under the rule of Ding Gong, the prefect of Chengdu in the previous dynasty, and made great contributions to the collection of taxes for Chengdu.
The old man has very contradictory thoughts. He wants Shisanpu to survive, but he also doesn't want Shisanpu to go against him.
But this is not something he can control, just as you cannot have your cake and eat it too.
The old man helplessly told everyone to go back and focus on their own areas to avoid any trouble. He left Zhao Yulin and Lao Cao to discuss the matter in the secret room.
Mr. Ding said worriedly that he was worried that the Thirteen Shops would be insolvent and take the risk of issuing a large amount of money notes to disrupt the market. In the past, the court required them to be responsible for the issuance of money notes, but due to Mr. Ding's laissez-faire policy, the subordinates were free to do whatever they wanted.
After the previous transshipment and water transport crimes were exposed, a large number of unopened seals were seized.
Lao Cao said that Yulin was worried that they were hiding these evils, so he wanted to use this incident to force them to take them out and destroy them.
Zhao Yulin said that the issuance of new currency would inevitably lead to a conflict with the old currency, which was expected.
Shisanpu has been engaged in the money-making business for a long time, so it is inevitable that some people who are blinded by profit will go astray, but those who truly operate legitimately should be able to survive this. We might as well wait and see.
He believed that after the great waves wash away the sands, this big fire might be able to remove the glitz of the money market and burn out real gold and silver.
The old man called the maid with difficulty to bring a wooden box , and opened it tremblingly. The two saw a big, glittering golden rat inside.
He pointed at the golden rat and said, "I have also become a mortal."
Five years ago, Qian Fuxing completed the issuance of Qian Yin and invited me to a drink, then he turned around and sent this golden rat to your house. Now it has become evidence of his collusion.
He asked his maid to send it to the Ministry of Justice as evidence.
Zhao Yulin immediately stopped them, saying that these were things that happened at the beginning of the founding of the New Song Dynasty. It was not that Lord Ding asked for it in advance, and the old man did not provide a convenient door for Qianshi to make money.
He suggested that the old man should not make it public, and tell him that he had just received one from Jiang Ligang, and then hand it over to him as a confiscated prize and put it into the government treasury.
The old man laughed bitterly and said: This makes me ashamed, I have become a vulgar person in the market, he wants to resign from the position of director.
Zhao Yulin repeatedly said no, saying that Ding Gong was honest and had no suspicion of others, so it was inevitable that he would fall into the trap of the thieves. Besides, he had accepted gifts from others before, so as long as he was selfless and worked for the people, he would not be afraid of anything else.
Lao Cao also kept explaining to Mr. Ding, but Mr. Ding was in a very bad mood and seemed to have aged ten years.
Zhao Yulin felt that it was pointless to sit there any longer, so he winked at Lao Cao, picked up the wooden box and said goodbye and left.
Come out, Lao Cao said that this news must be kept confidential.
He said of course.
Lao Cao asked him, what if Qian Fuxing was caught and confessed?
Zhao Yulin said that if they caught him, he would hand over the case to Lu Youpeng for special interrogation.
Zhao Yulin went home and saw that Ma Ling had come back. He asked her with a smile, "Now that Shisanpu has collapsed, is it easier for our transportation department?"
Ma Linger said happily that she was finally relieved. The crazy rise in money prices a few days ago had made it difficult for her to eat and sleep well.
Zhao Yulin patted her on the shoulder and said it was normal. It was just her first experience and she would not be afraid if it happened again.
The woman looked at him in confusion and said: Is this your first time? What about you, brother? Have you seen this before?
Has she never heard of it before?
Zhao Yulin then realized that he had connected it to the stock market crash in later generations. He had experienced two stock market crashes in later generations, and every time he saw his brothers who had lost money, he felt heartbroken.
He immediately laughed and said, "No, I've seen a lot of deaths on the battlefield, so I'm not surprised by the outcome."
Ma Linger said disdainfully that he was the only one who was showing off, as if others had never fought a war. She immediately asked the maid to prepare water, and asked him to take a bath and rest, muttering that there would be a lot of things to do tomorrow.
All the shopkeepers had arrived at Qian Fuxing's house in Qian City. They all drank tea in silence with bitter expressions on their faces.
Today, every household opened their warehouses to deposit silver. Shops four, eight, nine and eleven have already started using money to pay off debts. Everyone is complaining that the bank run is too fierce and they are running out of silver.
Qian Fuxing said that the worse situation will come tomorrow, so we have to survive tomorrow before we can say whether we can pass it.
Ma Chenggui, the shopkeeper of the third shop, said: He has already let his own accounting office borrow money everywhere for emergency, but his informants in the bank told him that their head office is likely to discuss lowering the exchange rate of money notes.
Because everyone who had withdrawn silver and money today rushed to the bank to exchange them for new currency, all the major banks were packed with people and all the new currency in stock was exchanged early in the afternoon.
The bank's exchange rate is high, so those who have received money will go to the bank to exchange currency.
When everyone heard that the bank was going to lower the exchange rate, it was like a needle stabbing their chest. Their hearts spasmed and they asked in panic without waiting for him to finish: Brother Ma, is this true?
Really? Are banks really going to lower the exchange rate for currency notes? Brother Ma.
Oh my god, immortal, you are going to kill me.
Without waiting for Qian Fuxing to give a summary, everyone got up and left one by one with excuses. They had to go back and collect money to get through this.
Ma Chenggui and Jiuzi were the only ones left in the room to look after Qian Fuxing. He asked them why they were still standing there . They should find a way to get some money together.
The foundation of a money shop is credibility and freedom of deposit and withdrawal.
If we don't honor our customers' money when we open the shop tomorrow, our shop will be finished.
Ma Chenggui was his loyal fan and knew that he had connections with the government. Even after the two envoys of the Transportation Department and the Grain Transport Department fell, there was still the current third envoy of the Transportation Department, Qin Qinyao.
He asked tentatively: How about asking Deputy Envoy Qin to say a few words and ask the government to be lenient?
Qian Fuxing said that it had not come to that point yet, and we had to hold on first. If the money shops could not stand the run, it would be useless to talk about it, not to mention that this time we did this just to make more money.
Jiuzi said in a panic that he was already using money notes to settle accounts. If the bank lowered the exchange rate tomorrow, those poor guys would definitely ask him to use a discount to settle accounts, and then his money notes would be a huge loss. Brother-in-law, go and ask Deputy Envoy Qin to talk to him, and don't lower the exchange rate of money notes.
Qian Fuxing rolled his eyes at him and told him to get back to work. How capable could Deputy Envoy Qin be?
After everyone had left, he called his confidant to give him instructions. Finally, the man immediately slipped out the back door.
It was dawn when Wu Yuqi dragged her tired steps back to the mansion. Ma Linger immediately took her to have breakfast and even peeled an egg for her personally.
