The Anti-Japanese War Begins with the Northeast Army

Chapter 65 Financial Run
"I don't know where some message came from, saying that the money on hand can't be used anymore, and it must be exchanged for silver dollars!"

"Oh my god, I heard someone say that this bank has spread the word that the money deposited cannot be withdrawn for a while."

"That's not right, why haven't I heard about this at all?"

"Oh my silly sister, everyone is rushing to the bank account at the west gate. The two nearby streets are packed with people! Those who come to withdraw money are banging on doors and climbing through windows, not caring about their own lives!"

"Is this true? I still have thousands of orders. Should I ask my family to pick them up quickly?"

Just as Wang Yongjiang and a group of officials hurried upstairs, the ladies surrounding the Fifth Madam Shou Yi were also infected by their emotions, and the topic turned to the current situation.

"Feilan, please keep an eye on him for a while. Master Shuai will definitely come looking for me."

Seeing this obviously bad situation, Zhao Xishun didn't dare to delay at all. He quickly said something and ran upstairs in a hurry.

"Feilan, what do you think happened?"

Hai Huixin bit her teeth lightly with infinite anxiety, and actually asked him a question -

In the past, she would not have believed what this playboy said.

“A run on cash.”

Feeling the uneasy atmosphere in the Marshal's Mansion, Jiang Cheng's eyes suddenly sternly said, "Didn't you hear that the money can't be withdrawn?"

Finally, did it happen?
Previously, Gao Wensheng had seized a lot of gold from the Zongshe Party and suggested to Jiang Cheng that he deposit it all in the Marshal's private bank, Qing Shexiang: it's safe and you can earn some interest, so why not?
Of course, in their eyes, Marshal Zhang has guns and cannons and now integrates the military and political power of Fengtian Province, so his private bank is naturally the safest.

But Jiang Cheng rejected this suggestion at that time.

Because he was very aware of a major event that happened in the fifth year of the Republic of China.

At this moment, the situation outside the Great Wall has gradually stabilized, while the war inside the Great Wall is in full swing.

President Yuan Shikai wanted to become emperor, and warlords from all over the country raised the banner of resistance against the monarchy and began uprisings.

As the saying goes, a cannon shot is worth a fortune, and war is the most expensive thing.

Jiang Cheng had seen some data in modern times. In 1916, the Beiyang government's annual fiscal revenue was not enough to cover their two-month war...

Where can the extra money come from? This group of politicians who don't understand finance and are not good at managing the country came up with a terrible idea:

Print money.

Anyone who has attended junior high school knows that printing more money will inevitably lead to inflation.

In addition, it will trigger a series of chain financial turmoil.

For example, when everyone sees that the paper money in their hands is becoming less and less valuable, they will inevitably go to the bank to exchange it for silver dollars that are more valuable.

However, there was an upper limit to the amount of silver dollars that could be stored in the banknote exchanges in various places. Once a large number of people went to the banknote exchanges with paper money and slips of money equivalent to modern deposit slips to withdraw silver dollars, a "financial run" would occur.

There is a financial run in Fengtian right now.

Of course, this wave was not limited to Fengtian - the capital, Tianjin, and even Shanghai were all caught up in the financial crisis by the bank runs.

All the banknote exchanges in the entire provincial capital were overwhelmed with the situation, with hundreds of thousands of silver dollars being paid out every day. Even Marshal Zhang's private banknote exchange, Qing Shexiang, was forced to close.

Of course, such a big turmoil within a few days is not just caused by the financial turmoil caused by printing money.

Among these, a considerable number are speculators who are causing trouble.

Fortunately, I knew about the financial crisis that occurred in the fifth year of the Republic of China. Otherwise, if I had deposited my money in Qing Shexiang just to earn that little bit of interest, wouldn’t all the silver, gold and silver that I had worked so hard to get be wasted?

Thinking that he had saved the precious yellow croaker, Jiang Cheng's eyes were slightly more proud. "Fuck it!"

"That damn Liu Mingqi, is he trying to kill himself?!"

As he was recalling these events like a movie in his mind, Jiang Cheng heard Zhang Yuting's extremely angry roar coming from the end of the marble steps.

"What a good guy who buys low and sells high, and comes to me to make this dirty money, does he want to die?"

Accompanied by the sound of several pairs of leather boots hitting the ground, the curses became louder and closer;

Not only were the women in the front hall so frightened that they held their breath and kept silent, they all moved aside under the leadership of Shou Yi, the entire Governor's Mansion suddenly became silent.

A handsome man in a black gown walked down the stairs in a hurry, followed by Wu Junsheng, Zhang Zuoxiang, Wang Yongjiang and other military officers and staff.

Everyone looked hurried, with expressions either gloomy or impatient, but no one dared to interrupt in this situation.

"Hey, Feilan, when did you arrive?"

After the crowd of people left with murderous intent, Shou Yi looked around with embarrassment, as if trying to save face.

She saw Jiang Cheng at a glance and waved to him with a smile, probably trying to dilute the tense atmosphere caused by what had just happened.

"Ah, ma'am!"

Jiang Cheng quickly pulled the Hai brothers and sisters forward and said, "I just came in and chatted with Brother Xishun..."

"Oh, I haven't told you yet. The material you brought from Xinmin is so good! My second sister likes it very much and says it's better than the one from Ruifuxiang..."

Shou Yi smiled gently, "But you really screwed me over!"

"My second sister said that the material Feilan bought was good, and she insisted that I make her a piece of clothing according to Mrs. Luo's style, so that she could wear it to Fengzhi's wedding..."

"I'm so tired. There are only a few days left. How can I make it in time?"

The tense atmosphere was completely swept away with just a few words. Jiang Cheng really admired the Fifth Lady's scheming from the bottom of his heart. No wonder the Marshal married five wives at once and this one was the most favored.

After chatting for a few words, Jiang Cheng saw that the atmosphere had eased a little, so he said goodbye to her and left.

Coming to the Marshal's Mansion to show up is to pay respect to the leader, but today's timing is more or less wrong -

At this critical moment of financial run, the Marshal certainly has no time to deal with him;
He had been in the Governor's Mansion for quite some time, but he hadn't seen Xiao Zhang and the others. Most of them were probably out playing with their friends.

There was no fun staying here, so he might as well go back early and tidy up the small courtyard of the Hai family. After all, for the next year, that would be his only place to stay besides the Military Academy.

"Hey, Feilan, didn't you tell me when we entered the city that the Marshal had said that he wanted you to study with him in the Governor's Mansion?"

Going out to lead them back, Hai Pingchuan couldn't help but ask.

"Do you really believe it? That gentleman was probably just being polite."

Before Jiang Cheng could reply, Hai Huixin glanced at her honest brother and said, "Can't you see? From the time we entered the house to the time we met the Fifth Madam, did anyone say that they would arrange accommodation for us?"

"You'd better know your own business and just show up and go home!"

Jiang Cheng turned around and looked at her in surprise, but she smiled with her hands behind her back: "What's wrong? Was I wrong?"

"Yes, it's just that what the eldest lady said is so right that I don't know what to say."

The sharp-tongued Jiang Cheng said something unconsciously, but he regretted it as soon as he said it... Seeing Hai Huixin's eyes widened and she was about to curse back, she heard someone calling them.

(End of this chapter)