Wu Shouye’s previous issuance of paper money was a little too reassuring and bold. He thought it was so. Guangfu Bank claimed to have 100 million yuan, and the actual transportation capital was 30 million yuan, of which Zhu Jinglun invested 20 million yuan, and Pan Shicheng invested 2 million yuan. Zhu Jinglun was the largest shareholder.
Thirty-two million taels of paper money may be nothing to commercial banks in other countries, but in a country without a modern financial system, it is a great leap forward. A healthy financial system is a huge breakwater. In the face of financial shocks, the more developed the financial system is, the more it can mobilize its strength. Now the big financial system, Guangfu Bank, can meet the impact by relying on its overall strength to raise funds in the market by its own means.
Zhu Jinglun nodded. "More is more, but most of them bought government bonds."
Wu Shouye nodded. Guangfu Bank has repeatedly undertaken the issuance of government bonds. This time, the bonds plummeted. He also rescued the market urgently and put in a lot of money. Most of the money invested was paper money. Although Chen Zhiting has been trying to reduce the government’s debt, the debt has continued to increase. This year, the debt has reached 12 million, most of which is in the treasury of Guangfu Bank.
Guangfu Bank issued 120 million paper money in exchange for 620 million silver bonds, and then the paper money changed hands through the government and finally flowed into the market.
That is to say, there are 120 million banknotes in circulation.
"Generally speaking, it’s not too much. How much cash do we have in our bank?"
Wu Shouye said, "There are still 10 million."
There are a total of 30 million funds. At this time, there are many changers, mainly some banks and banks, which are also the main customers of Guangfu Bank.
"Open the exchange and tell the big guest that we can still exchange it!"
"ah!"
Wu Shouye was a little surprised that there was only 10 million left. Where did you transfer so much silver?
Zhu Jinglun said directly before he asked, "I still have 30 million in my hand to come to the palace at any time."
Zhu Jinglun made a profit of 75 million yuan after speculating in Britain, and finally paid the extra bonus to Bahrain Bank according to the agreement, with 62 million yuan in Zhu Jinglun’s hand, 10 million of which he prepared in London and 50 million of which were remitted back to China.
The money is 20 million yuan for the bank, and the rest is in the vault, and now it is lying in the palace.
Zhu Jinglun usually has nothing to spend, and the money base has not moved.
It is impossible to exchange all the 100 million paper money for small paper money in the hands of ordinary people, and shops can account for half of the turnover cash, so 50 million is enough. In addition, large paper money is not only circulating in large quantities, but also circulating in the sea. Will this money flow back for a while? Of course, people in the sea are also panicking, and after the major banks receive it, the horse will bring it to Guangfu Bank for remittance, but it will take one hour, the fastest and ten days, which will be big enough to eliminate this crisis.
Wu Shouye did as Zhu Jinglun said. Not only did he play tricks with the major banks and tell them that they could change them, but he also immediately sent someone to set up a branch in the sea to do the clearing and went with the ship to three million and two thousand silver.
This attitude quickly dispelled the doubts of major banks. On the one hand, they ran on paper money because of customers. On the other hand, they were also worried that the paper money they held would become waste paper. Frankly speaking, there were not a few paper money in their hands, and their exchange speed gradually slowed down. Guangfu Bank also dealt with 32 million yuan, and there were still 12 million yuan in the bank. A letter crisis was solved.
However, Zhu Jinglun has never been a person who is willing to suffer a dumb loss. It is only a matter of time before he will retaliate sooner or later.
When it is urgent or the railway problem, things will end because of the railway.
Just after the run crisis, a large amount of cash returned to Guangfu Bank. After all, the circulation of paper money has become a habit. All major banks need paper money to do business. At this time, Guangfu Bank announced that the big government would underwrite a new batch of 12 million silver railway bonds.
The bond was sold in three days, and the main holder was just a bank run.
Section four hundred and fortieth It’s faster to build the railway.
Guangzhou to Kowloon is only 200 kilometers away, and the total land acquisition area is only 9,000 mu, but it is only over 10,000 mu if it is relaxed to 50 meters. Even if the land along the 100-meter-wide railway is purchased, it is only 30,000 mu.
At present, the average land price is 342. If you buy land according to 121 mu, it will only be 302,000 silver. Therefore, the key to buying land is a valuable market.
Later generations studied the land market in this era, and now 90% of the land transactions are in 10 mu. There are neither large tracts nor pieces of land transactions. Because it is not a last resort, ordinary people will not sell their land, and even if they encounter difficulties, they will not sell part of it to tide over the difficulties.
In this era, land is an asset that can preserve its value but increase its value slowly. Because of less transactions, the price cannot be speculated. Similarly, because of less liquidity, there is no land transaction market. Most land transactions are carried out by villagers and relatives.
For this reason, as early as years ago, Zhu Jinglun asked Hurd to secretly prepare the land along the railway for six years. Many lots were bought at four times the higher price, but in the end, several pieces of land were not bought.
Fortunately, these pieces of land are not large enough to solve the situation in the market. Technology can solve the problem of building a long-span railway bridge, which leads to an increase of 100 thousand taels of silver, but even if the other party refuses to sell it, it will be able to wave the money.
Because of the long preparation time, the land along the line has been mapped many times by draftsmen. A symbolic situation is that the map can be accurate to every village, not to mention how many graves there are in each village.
At any other elevation, mountains and rivers, it is simply the most basic.
It can be said that this map, which took more than 3,000 pages and took years to map, can be directly constructed.
However, during the preparation period, Zhu Jinglun showed unimaginable patience, but when the construction was announced, he showed surprising aggressiveness.
Zhu jinglun demanded that it should be completed in one year, opened to traffic in two years and be profitable in three years.
When he built the railway, it was so urgent to build it for the first time in a country that had never built a railway, which caused great risks
Zhu Jinglun’s patience in surveying and mapping the year is not that he really has good patience, but that he doesn’t want to cause conflicts between the people and society on this issue, and that he wants to build a railway in one year is not that his patience is so poor, or that he doesn’t want to arouse opposition from the people, and that he wants to create a fait accompli as soon as possible, and so on.
The fastest way to make a profit is to let them see the tangible benefits, thus weakening the conservative power to encourage the people.
According to Zhu Jinglun’s request, the consultant of the Ministry of Industry’s postal ship judicial country suggested that the whole railway should be divided into ten sections, each of which is 20 kilometers long, and the simultaneous construction should be completed in the shortest time.
The French consultant has won the letter from the Ministry of Industry. Only three years after he came here, he established a large postal system, mainly through reform. The Ministry of Industry and the Ministry of Industry still have conflicts. The main purpose of the postal system is to deliver government information, and the most urgent thing is the military information. It can be said that the China postal system has always been subordinate to the Ministry of Industry since ancient times, but Zhu Jinglun was naturally dissatisfied with the Ministry of Industry’s acceptance of this unified postal system.
At present, these two departments have become the worst of the six departments.
The Frenchman’s name is Louis, a postal worker in Marseille, with a moderate income but a stable middle-class life. But he suddenly got tired of taking risks in the East and went bankrupt. Only then did he join the big government and become a consultant in the postal department. It was something he was very happy to do.
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