The First Warlord of the Republic of China

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spn Jiangyu's move was simply a draw from the bottom. The bank was caught in a run and the only main force in the stock market that could be regarded as driving up the stock price was directly defeated.

In order to be able to withdraw from the stock market as soon as possible, these banks have resorted to the determination of strong men to cut their wrists, and all the stocks in their hands have begun to sell.

But it was all too late.

The stocks sold by the consortium and the stocks sold by the bank are too much together, so that the capital chain of private investment in the stock market is directly broken.

After the break, stockholders took interest, and the stocks of Qianzhuang were deeply locked up. [

Fall, fall again!

Railway stocks have hit bottom for several days, and they fell directly to the limit board as soon as the market opened every day.

The stocks were locked up, and funds were borrowed. It was only the second day that a bank declared bankruptcy.

The bankrupt banks were taken over by the Lianghuai Administration, whose assets were successively auctioned off by the Lianghuai Administration, and then the money was returned to the depositors.

But the depositors who put their money in the bank can get very little money, which is not as good as the money they deposited.

On the third day, the bankruptcy of banks entered the final stage. Within a day, more than [-] banks announced their bankruptcy, and there was wailing everywhere.

Only those who took out the money in time patted their chests and exclaimed fortunately.

After the bankruptcy of the bank, although those stocks were said to be sold to depositors in name, when they were sold was a matter for the Lianghuai Administration.

At the same time when the bank closed down, major newspapers reported one after another, and came to a generally accepted conclusion, "It is very risky to put money in a bank, and it is safest to put money in large national banks such as East China Bank and Northwest Bank." Yes. Foreign banks in China are also facing the risk of bankruptcy at any time.”

This conclusion has strengthened the consortium's monopoly on the financial industry.

After the bank run incident, no one dared to put money in the bank anymore, and the bank has officially withdrawn from history at this stage.

The few remaining banks that did not invest in railroad stocks were also having a hard time. Although they survived the run, the problem was that fewer and fewer people went to deposit money with them.

However, the public opinion is clamoring for strengthening the supervision of the bank, which made more and more legal restrictions on the operation of the bank. After that, the bank gradually disappeared in the Middle Ages.

Instead, depositors are very confident in the East China Bank, Northwest Bank and other large national banks.

Even foreign-funded banks were hit hard. First of all, nationalism began to wake up at this time, and people everywhere called on the people to put their money in national banks.Furthermore, foreign-funded banks have uncertain risks, which are also the concerns of depositors.

At the same time, the business methods of foreign-funded banks at this time have lagged behind those of China's national banks, and ordinary people feel very inconvenient to deposit in foreign-funded banks.

The simplest one-yuan account opening is still not available in foreign banks at this time.

And when foreign-funded banks carried out reforms, the national banks in China have been completely enlarged, and they have already struggled with China's national banks.

National banks in China can be found everywhere, even in small counties. It is very convenient for ordinary people to send money, and foreign banks are mostly concentrated in some prosperous cities, such as Shanghai and Wuhan, trade and financial cities. [

Those who will deposit money in foreign banks are also some foreign compradors.

However, those foreign compradors are having a hard time now, because domestic products have begun to rise. For example, the largest department store in East China rarely sells foreign products.

Even if they are selling foreign goods, they are all purchased by themselves, and there is no need for those comprador merchants.

At this time, less than half of the more than 7 comprador merchants in Shanghai are left, and the rest have no business and have changed careers.

The national bank has a greater advantage in that the government's subsidies and welfare money for the people must be directly transferred to the bank accounts of the people.

Therefore, each working population has its own bank account, which has gradually formed the habit of depositing money in national banks.

Moreover, if you put your money in the bank now, you can get higher interest rates, which is quite a temptation for ordinary people.

The banking industry is like this. When people are not used to using banks, banks do everything possible to attract depositors, but when it develops to the point where people can no longer do without the bank, it becomes the bank that takes the initiative. At that time, even the interest does not need to be paid. , but you can use the money of ordinary people without any worries.

Therefore, the more developed the bank is, the more profitable it will be.

In the stock market, all investors began to wait and see. Investors who originally planned to enter the stock market covered their wallets and waited for the market to turn around.

This turning point is the government bailout.

But in Beijing, Song Jiaoren really wanted to continue to save the market. He proposed a second loan to Huadong Group, but what he faced was Chen Guangfu's cry of poverty.

With a sad face, Chen Guangfu said to Song Jiaoren on the phone in an extremely sad tone: "The Prime Minister does not know that in order to deal with the European War, most of the bank's money was used to hoard raw materials. Not long ago, the global ocean company bought 53 from Germany. A freighter with a displacement of [-] tons, how can we afford so much money now! From the following point of view, the stock market..."

On the other end of the phone, Song Jiaoren was stunned for a long time before responding.

No money?

How could there be no money!

Suddenly Song Jiaoren had a bad premonition, as if he had been cheated.

The issue of Guan Yu's rescue of the market soon caused the Beiyang government to make a fuss.Song Jiaoren was like a defeated rooster, while Yuan Shikai acted calmly, but obviously he was not in a good mood.

Both of them realized that they had been tricked by that kid Jiang Yu.

This pit has pitted the central government of 5 million yuan.

Now the central government already owes East China Bank 10 billion yuan.

As for how much are those railroad stocks worth?God knows, the railway stocks are falling crazily every day at the opening of the market, and the downward momentum seems to have reached the bottom of the abyss. [

Some private funds tried to buy the bottom, but they were also caught up in love.

Those stockholders seemed to be crazy, and more and more people began to sell stocks crazily.

No one wants 1200 yuan a share!

1100 yuan a share, still no one wants.

1000 yuan a share, still no one wants it.

When the railway stock fell all the way to 1000 yuan per share, the confidence of investors had been destroyed like a candle in the wind.

At this time, Song Jiaoren announced to the outside world in Beijing with a sad face: "The ten-day central government rescue operation has failed, and the central government has tried its best to save the decline of railway stocks."

As soon as the news came out, the entire stock market exploded, like the last straw that broke the camel's camel's back. Investors' confidence in railway stocks had been bombed to the point that not even a scum was left.

On August 8, as soon as the stock exchange opened, railway stocks fell by the limit again without any suspense.

On the same day, more than ten stockholders jumped from the top floor of the stock exchange building and ended their lives.Some were stock tycoons who dominated the Shanghai Stock Exchange in the past, and some were crazy gamblers who borrowed money to buy railway stocks.

The lock-up in railroad stocks made them all owned and heavily in debt. (to be continued)