History live broadcast: My audience is the ancestors

Chapter 232 Sheng Xuanhuai
My charming and short-lived ancestor: I’ll go! Does that mean "Zhu Xi's Family Instructions" is so famous?
Who in the clouds sent a brocade book: I don’t know, although I think Zhu Xi is not a thing, but at that time, Cheng-Zhu Neo-Confucianism was the official authority!
Wudu refuses: Agree! After all, Zhu Xi was recognized by the imperial court, and the Four Books and Five Classics compiled by Zhu Xi were also official tutorials!

I didn’t think of using this as my online name first: Didn’t the Four Books and Five Classics exist from the beginning?
Ri Mu Bu Si Gui: Yes, but it was Zhu Xi who put them together and explained them. Zhu Xi was a great Confucian at that time, and he must have said what he said.
Yu Yusning: This reminds me of Aristotle's saying, "I love my teacher, and I love the truth even more."

I can't sleep at night (Guan): But in ancient times, respecting teachers and respecting morality can kill people, let alone the Ming and Qing Dynasties when central power was highly concentrated.
I send my thoughts to the bright moon: So the man who said there are two trees at home is right, the history books are all about the same thing, only the word "cannibalism" is revealed in the gaps!

Nian Nian: Alas, all kinds of shackles imprison thoughts, but we ask them to open up and be free. This is the conflict between ancient times and now!

I can't sleep at night (Guan): You are like telling a lady who has learned the three obediences and four virtues since she was a child to be monogamous. Tell her that you can divorce and remarry, and that you can be independent and self-reliant. She will not think that you are smart, but that you will I think you are crazy!

Jiangnan has been in mist: Agreed! ! ! So those time-travel novels are just nonsense.

Seeing that their topics were becoming more and more dangerous, Su Yue sighed and said, "Okay, now let's take a look at the last businessman - Sheng xuanhuai!"

盛xuan怀（1844年11月4日—1916年4月27日），字杏荪，又字幼勖、荇生、杏生、号次沂、又号补楼、别署愚斋、晚年自号止叟。

Han nationality, from Wujin County (now CZ City), Changzhou Prefecture, JS Province. He was buried in Jiangyin after his death.

An official in the late Qing Dynasty, a scholar, a government-run businessman, a comprador, a representative of the Westernization movement, a famous politician, entrepreneur and philanthropist, known as the "Father of Industry in Country Z", "Father of Business in Country Z" and "Father of Higher Education in Country Z" ".

Sheng xuanhuai created 11 "Firsts in Country Z": the first civilian joint-stock enterprise steamship investment bureau; the first telegraph bureau; the General Telegraph Bureau of Country Z; the first inland river small steamer company; the first bank to trade in Country Z Bank; the first main railway line Beijing-Hankou Railway; the first steel complex Hanyeping Company; the first Normal School Nanyang Public School; the first mining company; the first public library; the first modern school University Beiyang University (Tianjin University); founded the Red Cross Society of Country Z.

He was enthusiastic about public welfare, active in disaster relief, and creatively used the work-for-relief method to dredge the Xiaoqing River in Eastern Province.

Sheng Xuanhuai experienced a legendary life and made extraordinary achievements. He founded many pioneering businesses, involving ships, telegraphs, railways, steel, banks, textiles, and education. His influence was huge, famous at home and abroad, and will be passed down to future generations.

My charming and short-lived ancestor: Who hasn’t seen him when studying history? This one is really awesome!
Wan Ning can't sleep acridine (Guan): The key is that he is different from others, he is an official himself!
Jiangnan is already in mist: So Hu Xueyan needs to seek Zuo Zongtang’s protection, but he doesn’t need it!
I didn’t think about using this online name first: Agreed! Therefore, his official career and his business are smoother than others!

Kick the lame man's good leg wildly: Alas, this is another kind of partisanship!

I send my thoughts to Mingyue: It’s not that serious, but mutual strife is inevitable!
The pig came to the bowl quickly: Yes, but where there are people, there will be competition, which is inevitable!
Wuduyi: Oh, I agree. But this is normal. After all, whether in officialdom or in the business world, struggle is inevitable.
Su Yue looked at the comment section, which was much more rational, and said, "Okay, let's take a look at the story about him!"

Defeat Hu Xueyan
Hu Xueyan and Sheng Xuanhuai belong to different interest groups.

Hu's backing was Zuo Zongtang, Sheng's backing was Li Hongzhang, and Zuo and Li had deep conflicts.

This is the reason for the fight between Hu and Sheng. Sheng Xuanhuai used direct attack methods to cause Hu Xueyan's wealth building to collapse in a short period of time.

Hu Xueyan hoards a large amount of raw silk every year to monopolize the raw silk market and control the price of raw silk.

By understanding Hu Xueyan's buying and selling of raw silk, Sheng Xuuanhuai purchased large quantities and then sold them in large quantities to Hu Xueyan's customer base.

At the same time, he bribed businessmen and foreign compradors from all over the country to prevent them from buying Hu Xueyan's raw silk. As a result, Hu Xueyan's raw silk inventory increased and funds became increasingly tight.

Hu Xueyan borrowed 650 million taels of silver from HSBC Bank, with a term of 7 years and repayments every six months. The principal and interest were about 50 taels.

The next year, he borrowed another 400 million taels of silver from HSBC, bringing the total to 1000 million taels. Both loans were guaranteed by provincial rates.

At this time, the 80 taels of loans that Hu Xueyan had borrowed for Zuo Zongtang's military campaigns over the years had expired. Although the money was borrowed for the court, it was Hu Xueyan who signed the contract, and foreign banks could only ask for money from Hu Xueyan.

This loan will be compensated to Hu Xueyan every year by the government's wages. Logically speaking, as soon as the government's wages arrive every year, S City Daotai will give the money to Hu Xueyan for his repayment.

Sheng Xuanhuai went to S City Daotai Shao Youlian: "Li Zhongtang wants you to transfer the money later, the time is twenty days."

Shao Youlian naturally complied.

Sheng Xuuanhuai had colluded with foreign banks in advance to collect money from Hu Xueyan.

At this time, Zuo Zongtang was far away at the BJ military aircraft and had no time to help.

Due to the sudden incident, Hu Xueyan had to transfer 80 taels of his money from Fukang Bank to make up for the hole first.

He knew all about Hu Xueyan's money transfer activities through insider information. It was estimated that the money transferred by Hu Xueyan gradually left Fukang Bank.

The run started in city S first.

Sheng Xuanhuai was in charge in S City, so he naturally made a big splash.

There was a run on City S, so Hu Xueyan asked the manager, Gao Dao, to urge Shao Youlian, a Daotai official in City S, to pay the wages.

Shao Youlian told his servants that he was not at home.

Hu Xueyan urgently sent a telegram to Zuo Zongtang, but Sheng Xuanhuai secretly asked someone to withhold the telegram.

The next day, when Hu Xueyan saw no reply from Zuo Zongtang, he personally went to Daotai Mansion in S City to demand payment, but Shao Youlian avoided seeing him.

Hu Xueyan had no choice but to mortgage his land deeds and real estate, and at the same time sell his accumulated silk at a low price, hoping to survive the run.

Unexpectedly, the trend became more and more intense. There were huge crowds of people in front of Fukang Bank in various places. The threshold of the bank was trampled on and the door frame was squeezed crookedly.

Soon, Hu Xueyan, a generation of red-top businessmen, died in grief and anger.

After Hu Xueyan's death, Sheng Xuanhuai lost a strong competitor and his career was booming.

In 1885, he finally returned to the Steamship Investment Promotion Bureau as a supervisor, realizing his long-cherished wish to control the Steamship Investment Promotion Bureau; and at the invitation of Zhang Zhidong, he returned to Hubei to prepare for the Hanyang Iron Works.

After that, Sheng Xuanhuai was appointed as Minister of Commerce and Minister of Posts and Communications.