At the end of Qin, I became a son of the plane

Chapter 410, The Crisis of the Bank
On March 16, the 11th year of the Han calendar, at the headquarters of Feihai Money House in Kuaiji County.

Zhu Pei hurriedly found Hu Hai and said, "My boss is in trouble. The court has set up the Money Bank Supervisory Committee and the Dahan Money Bank. The supervisor is Song Yi, the former general manager of the Agricultural Money Bank. Later, the Money Bank Supervisor issued an order requiring all money banks in Dahan to hand over 30% of their deposits to the Dahan Money Bank as deposit reserves."

Hu Hai was shocked and said, "What? The imperial court wants to force us to death so that they can monopolize the interests of the bank?"

It's no wonder Hu Hai thinks like this. The money houses are really profitable. Feihai Money House has about 700 million in deposits. With Hu Hai's operation, he can make 80 to 90 million yuan every year. This is the profit of Hu Hai's money house alone. All the money houses in the Han Dynasty combined may make tens of billions of money every year.

This is a fortune that is enough to rival a country. Even the Han Dynasty court would find it difficult to resist such temptation, so it is not surprising that they would personally take action.

A 2% deposit is about million yuan, but Hu Hai simply cannot come up with that much money. He has less than million yuan in reserve funds to prevent bank runs. Other banks in the Han Dynasty are almost the same. It is impossible for them to come up with such a large amount of money at one time. He believes that the court suddenly asked them to come up with so much money just to force them to death.

Zhu Pei continued, "I forgot to mention that the court has given us another half year. We just need to deposit the deposit into the Dahan Bank before September."

Hu Hai heaved a sigh of relief when he heard this and said, "Next time, tell me all this important information at once."

Although this is also difficult, there is still room for return.

But he soon frowned, as it was not easy to get 2 million yuan within half a year.

Hu Hai summoned all the colleagues in his Fei Hai Money House and told them the news that the court had established the Money House Supervisory Committee, the Da Han Money House and the deposit guarantee fund system.

The news shocked the entire audience into silence.

Half a day later, someone complained, "The imperial court saw us making money and came to rob us. Thirty percent of our money has become dead money. How much less money will we make?"

Hu Hai said angrily: "You are stupid. This is not about making less money, but we have to raise 2 million yuan within half a year, otherwise we will be kicked out of the money industry by the court in a reasonable and legal manner."

"From today on, all branches of Feihai Bank are not allowed to lend money. At the same time, you should count the workshops that have repaid within six months and those that have repaid within one year. If the repayment amount of these workshops within six months does not reach 200 million yuan, you should urge those that have repaid within one year in advance. Even if you lose some interest, you must get the money back."

"At the same time, go to all the major workshops and ask the workshop owners and craftsmen to find a way to get them to deposit their money in our Fei Hai Bank. Now we are short on time and have a heavy task. If you can't raise 2 million yuan in half a year, Fei Hai Bank will be gone and everyone will have nothing."

"promise!"

Feihai Money House business hall.

"Someone wants to take out a loan. Here is someone's household registration information." said a sturdy man.

But the clerk pushed the household registration information back and said, "Sir, you can't get a loan."

The strong man said anxiously: "Why? Didn't you say that as long as you have complete household registration information, you can do it for me? How can you go back on your word?"

The clerk said helplessly: "The court has issued a new policy, requiring our bank to pay a 30% deposit guarantee to protect the deposits of ordinary people, so we can't provide loans for the time being."

"What a big deal! It made me run so many times in vain."

This sturdy man was relatively easy to talk to, but the others who had come several times became angry immediately.

"I've been going back and forth three times, but you keep saying that the information is incomplete. I finally got it done, but you said that I can't get a loan. Are you trying to fool me? If a bank can't lend money, what are you doing running a bank?"

Others who wanted loans also complained: "Yeah, you can't bully me like this. I've been waiting for so long and you guys just said you don't want to get a loan, so don't get one."

At this time, four strong men eight feet tall rushed out and said, "Dear guests, I'm sorry, our bank has temporarily suspended loan services."

Feihai Money House has in-depth cooperation with Changfeng Escort Agency, and Zhu Pei did not take Hu Hai's 20% shares for nothing. He introduced a large number of fellow apprentices to Feihai Money House as security personnel and provide military support for Feihai Money House.

The people who wanted to cause trouble were frightened by these four strong men and had to flee from Feihai Money House in a panic.

But there is an old saying that misfortune favors the unfortunate. Feihai Bank stopped lending money, which made the people who deposited money there full of doubts.

Is Feihai Money House going to go bankrupt? Otherwise, why doesn’t it lend money to people?

When ordinary people have such doubts in their hearts, they will want to withdraw their money to prevent accidents.

So on the second day, the entrance of Feihai Money House was filled with people coming to withdraw money. As more and more people came to withdraw money, other people began to form a herd effect. Even if they didn't know anything, they still lined up to withdraw their money.

An unexpected crisis came quietly, leaving everyone at a loss.

The clerk of Feihai Money House immediately told Huhai about this.

When Hu Hai arrived at the money house, the long queue was already a mile away, which made Hu Hai terrified.

Zhu Pei said worriedly, "Boss, these people have taken out 30 yuan in just one hour. What should we do?"

Zhuzi said: "How about we suspend the exchange first."

Hu Hai said: "If we really stop exchanging money, we will be completely finished. Now the people are just suspicious, but if we really don't exchange money, the people will think that the bank has really closed down."

Hu Hai regretted it very much. He thought the matter was simple and did not expect that the deposit reserve issue would actually cause a bank run. If this was not handled properly, his Fei Hai Money House would not be able to survive in half a year, and he might not even be able to survive this month.

Hu Hai thought for a moment and said, "Tell the guys to slow down. I will find a solution right away."

He had to find a way to make the people have confidence in his bank, and the simplest and most effective way to do this was to spend money.

Hu Hai immediately invited his business ally Wu Xiao to a banquet. Wu Xiao was the first person to buy Hu Hai's ships. Later, when Hu Hai established a fleet, Wu Xiao also bought a share. The two sides were considered business allies.

"Brother Wu, you must lend a hand this time. The imperial court suddenly came up with this deposit reserve requirement, and I am totally unprepared."

Wu Xiao said: "I have also heard about this matter. The court has good intentions. This is not to protect the interests of ordinary people."

"You guys who make money from money seem so flashy and not safe at all. It's no surprise that the court has such thoughts."

Hu Hai smiled and said, "Yes, yes, yes, the court's original intention is good, but the time in the next six months is still too tight. I can only ask you for help and borrow some money to tide over the difficulties temporarily."

Wu Xiao smiled and said, "Brothers should settle accounts clearly. My money didn't come from the wind. What collateral do you have, Hu Hai?"

Hu Hai said, "I have a 5-mu pasture in the desert, with lush grass and 500 sheep. I mortgaged this pasture for 5000 million yuan. I also have a shipyard, which now has 3 docks and 000 skilled craftsmen. It can produce ships of up to 4 tons. This shipyard is worth 000 million yuan, isn't it? Brother Wu, lend me 1 million yuan. I will pay you 5% interest for half a year. If you can't pay me back, these two properties will be yours."

Wu Xiao smiled and said, "I thought you only had a career in Kuaiji County, but I didn't expect you even had a ranch in the north. You really impressed me."

Both of Hu Hai's collaterals are high-quality assets, especially the ranch in Mobei. He has always wanted to get one, but his connections do not extend to Mobei. Now that the textile industry is so prosperous, this ranch is a high-quality asset that is extremely easy to sell, whether he runs it himself or sells it, and Wu Xiao is not afraid of losing out.

Wu Xiao took Hu Hai's collateral and said with a smile: "We are brothers. I can't stand idly by when you encounter difficulties. I will prepare 40 million yuan right away."

Hu Hai enviously said: "I can't compare to your big family and big business, brother. I can only earn some hard-earned money."

Wu Xiao's family fortune is extremely rich. The textile industry and maritime trade can bring him tens of millions in profits every year.

But Wu Xiao was a businessman who was like a wealthy landlord. He neither used the money he earned to expand his investment nor trusted money houses. Instead, he saved it for himself.

Now Wu Xiao has no idea how much money he has in his hands. Hu Hai has been envious of this money for a long time and has always wanted Wu Xiao to deposit the money in his own bank, but unfortunately he has never succeeded.

When the money house encountered a crisis this time, Hu Hai immediately thought of Wu Xiao. After all, among the wealthy merchants he knew in Kuaiji County, only Wu Xiao could come up with such a huge sum of money.

After the two parties completed the transaction, Hu Hai used horse-drawn carriages to transport the money in a big way, using more than 100 carriages to transport the money.

Then they piled the money in the lobby, forming a mountain of money for the people outside to see.

The clerks handled business for the people outside the street, and countless people from Kuaiji County saw the mountains of money as they passed through the hall.

While the people were envious, they also saw that the Fei Hai Money House was wealthy and powerful, and did not look like it was going to go bankrupt as the legend had said, so the long queues began to disperse.

Hu Hai heaved a sigh of relief after seeing this scene, and finally overcame this difficulty. But when he thought of the difficulty six months later, Hu Hai frowned again.

If you want to do business in Dahan, why are there so many rules and regulations?

At the same time, other banks in the Han Dynasty also issued the same order as Hu Hai. The 30% reserve fund could be said to be the death of the entire Han Dynasty bank. They began to suspend loans one after another, and at the same time tried to raise funds and find ways to pay the reserve fund to the Han Dynasty bank.

Countless new entrepreneurs found that they could not get loans at all, and the money houses were all trying to collect debts. Countless money house clerks went to the streets and stopped people to ask if they wanted to deposit money, offering very high interest rates.

But things often go against their wishes. The more they deposit money with ordinary people, the less people trust the money houses. As long as there are rumors that one or two money houses have gone bankrupt, local people will rush to run on the money houses.

At this time, the nobles and powerful people behind the money houses showed up one after another, either by investing money to support them or by using their own credit to guarantee that the money houses would not go bankrupt. This barely controlled the occurrence of bank runs.

But there are also some small money houses, which are backed by small nobles and powerful people. They are not powerful enough, do not have enough money, and their credit is not high enough. At the same time, in order to survive, these small money houses have more radical business strategies. They can naturally make a fortune when things are going well, but once adversity comes, the small money houses have no ability to resist risks. They will go bankrupt in a few days, and even the backers behind them will be implicated.

Faced with this situation, the Han Dynasty court acted very quickly, ordering the newly established industrial and commercial banks to take over the bankrupt small banks. At the same time, it promised all the people that the court could pay their deposits in full so that they would not run on the banks.

With the court as guarantor, the people calmed down. They believed that the credit of the Han court was still good. Their deposits were now deposited in the court's money houses, and their safety was guaranteed.

The crisis caused by the reserve requirement was quickly resolved.

This wave of chaos among small money houses led to the newly established industrial and commercial money houses absorbing more than 20 small money houses, which gave them business outlets and sufficient employees throughout the Han Dynasty. This made them the money house giants in the Han Dynasty, and the share of the Han Dynasty's state-owned money houses in the financial industry increased by 20%.

Many money shop operators were secretly dissatisfied. The imperial court was indeed attracted by their money and used policies to swallow them up.

The impact of this money house turmoil was extremely widespread. A large number of workshop owners lost their source of funds, and the booming economy of the Han Dynasty was put on the brakes. The ideas of various workshops to expand were forced to stop.

On the 20th day of the fifth month of the eleventh year of the Han calendar, in Kuaiji County, at the office of the county's vice-minister of government.

Shaofu Cheng Gongshu Chi and accountant Cao An summoned all the officials in Kuaiji County to convey the emperor's order.

Shaofu Cheng Gongshu Chi first affirmed that the workshops under the Shaofu of Kuaiji County made great contributions to the economic development of the Han Dynasty.

However, the workshops under the Shaofu of Kuaiji County also had many problems. There were too many people and little profit. Many places violated the court's system, and many managers were resting on their laurels and failing to fulfill the duties assigned by the court.

The most prominent point is that you did not listen to the orders of the emperor and the minister of commerce. The court has issued a contraction order and drawn three red lines, but you did not carry out the emperor's orders well.

Finally, Gongsun Chi said sternly: "The emperor and the Shaofu Ling require you to strengthen your style and never have the final say. You must obey the orders of the court and remain consistent."

The managers below were frightened by this severe rebuke.

But some people were not convinced and said, "The emperor also said that we should exercise our subjective initiative. Now is the time when the Han workshops are making the most money. If we don't make this money, the private workshops will make this money. If we don't win the market competition, we will lose. If the private workshops become powerful, the court workshops will be squeezed out of the market little by little."

(End of this chapter)