At this time, the Chinese merchants of the Ryukyus were caught off guard, and more than ninety percent of the silver coins were snatched up, and there was no silver to exchange for the huàn, and the grain ships on the Yangtze River once again appeared in a run.

What's even more terrifying is that a group of ruffians actually took advantage of the chaos to set fire to some Nanyang grain ships, which suddenly pushed the atmosphere of panic to the extreme.

"Folks, don't crowd it! There are silver coins, the prime minister's ship carrying silver coins is on the sea, and there are silver coins on the Ryukyu side......" The guys went with the crowd and tried their best to explain to everyone.

But the people went crazy again, and they scolded angrily: "Liar, Xiao Lotian is a liar...... Big guy, don't listen to his fart, Jiangnan money tickets have been issued for 1.6 billion yuan, and he Xiao Lotian doesn't have that much cash at all! It's all a lie......"

"Don't believe their nonsense, half of the grain ships on the Yangtze River are empty, and they are all used to stabilize people's hearts...... Several ships were set on fire in the morning, and there was no food in them, only large rocks......"

"Spread rumors! Don't believe it, folks! This is a bad rumor...... Oops, don't step on me...... Help!"

The poor young man tried to explain to the crowd, but no one listened, and the frantic crowd only became more crowded, and the little man was trampled under his feet.

The wails of pain rang out only a few times, and then there was nothing, and the numb and frantic crowd trampled on the young man's corpse, and no one felt that there was actually a living person under his feet.

There is only one word in everyone's eyes, money!

Everyone in the entire Jiangnan region fell into the eye of money, no matter how high or low they were, everyone was caught in it, the price of paper money in the market for huàn silver coins was three times a day, and the advocates on both sides rolled up their sleeves one after another, and the war finally spread to the newspapers.

It is also interesting to say that newspapers, which have appeared in Europe for a hundred years, were not uncommon in the Qing Dynasty.

Later, although the Minbao was restored, the Qing government strictly forbade Xiao Letian to publish any news about the government in it, and Xiao Lotian was in a relative honeymoon period with the Qing government at the moment, and he was unwilling to stimulate them too much, so the Minbao was now actually turned into a gossip tabloid.

A large amount of business information and interesting news in the market, even including lace news, plus a large column introducing overseas customs and customs, make the People's Daily an entertainment newspaper through and through.

Of course, foreigners also have newspapers in their hands, but the circulation is not large, and all the foreign language editions are for foreigners in Asia, and the people of the Qing Dynasty do not know that there are foreigner newspapers.

Originally, everything was peaceful, but unfortunately, a major war suddenly changed the course of the development of the East Asian newspaper industry, and both sides discovered almost simultaneously that the efficiency of hiring social idlers to spread the news was too low, and it was still enjoyable to think about it.

The Daqing Minbao suddenly issued a separate issue with a drastic change in style, which was a strict issue without any advertisements and lace news.

In the extras, the editor of the old writing wrote about all the aspects of the war, starting with the massacre of the gold miners of Daqing by the Russians and the enslavement of the people of the Ussuri River, and writing about the remnants of the Celestial Empire rising up to form a volunteer army......

The sharp writing and pure vernacular language made it easy for all the people to understand this number, and it was not until this moment that the people of Jiangnan understood that such a large piece of land was actually robbed by the Russians during the Xinyou period, and so many Chinese were oppressed and enslaved, and even the Minbao also found out the mastermind behind the paper money crisis, that is, those foreign bankers.

This is really Luoyang paper, the number in the Jiangnan area has been printed more than ten times, and countless people have begun to copy it, and the already bad image of foreigners has collapsed all of a sudden.

As soon as the foreign merchants in the Shanghai Concession saw that this was enough, they made a response plan on the night of the urgent consultation, and the two periodicals of Shanghai, the Shanghai Daily Times and the Shanghai Daily Times, which were founded by the British, were merged into the Chinese version of the Shanghai Times, and began to declare war on Xiao Letian's Minbao.

The full-page Times began to analyze the power gap between the Ryukyus and Russia, how much population, how much land, how many troops Russia had, how many glorious victories it had in history.

On the other hand, there are only a few poor Baba strength on Xiao Letian's side, even a fool can see that Xiao Lotian will be defeated in comparison, and I hope that the people of Jiangnan will keep their eyes open and never get on the wrong boat on impulse.

Anyway, it was a sentence over and over again: "Now is the last time for the banknotes to escape, if you don't run, then wait for death and no place to be buried!"

Where has the Great Qing Kingdom seen such a crazy battle of public opinion! For a while, everyone was shocked and lost their voices: "I see...... It turns out that this world is so complicated!"

The competition between the long and short sides in the financial war is so fierce, and the dividends after this war are so huge, it is conservatively estimated that if Xiao Lotian wins, he can earn at least 600 million yuan, which is enough for him to form the most powerful navy in Asia.

For the foreign devil bankers and those comprador class, if they win, the spoils they get will not only be 600 million yuan, but I am afraid that the profit can be as high as 2 billion yuan, and those high-quality fixed assets in Jiangnan cannot be bought on weekdays.

Everyone turned their attention to the Russian fleet, and this was the first time that the people of Jiangnan paid so much attention to the movements of a foreign fleet, and a huge financial gambling market had appeared, and even financial derivatives about this gambling had appeared on the black market.

The dealer opened a handicap, and gamblers could bet on who would win or lose, on the ratio of paper money to huàn silver on the next day, and even on the price of grain three times a day.

Do you think this is gambling? But in Xiao Letian's eyes, how can this be so similar to the financial futures engaged in by Wall Street in the later generations? It seems that there is no shortage of smart people in China, but China just lacks a stage for smart people to dance.

From that day on, the Russian fleet became a curse for the whole of South China, and countless people were watching his movements, and every step this fleet took closer to Asia was like a step closer to the noose of death, and the hearts of the whole society were completely confused.

The southern ticket market is about to collapse, and at this time, people can see that the northern ticket issued by the northern court is coming. Since the Qing government maintained a neutral attitude in this war, this allowed the credit of Beipiao to be protected to a certain extent.

Of course, in Henan Province, where the north and south meet, there are also Anhui and Jiangsu, and there have been certain market fluctuations in the northern ticket, but don't forget what the Manchu Qing Dynasty relied on to settle in the Central Plains?

Of course, it was killed! This time, the imperial court dealt with it very effectively, and the imperial court issued a strict decree that anyone who dared to make trouble with the northern ticket would be killed, and at the same time it was guaranteed that the imperial court's taxes would definitely collect paper money.

The Tartars don't tell the people about human rights, what do you say? Do you want to exchange the money for cash? Pull it out and cut off your head to show the public! Do you dare to accept the government's purchase with paper money? Pull it out and cut off your head to show the public!

The bloody heads shocked those who ran on the bill, and then the government kept guaranteeing that there would be no problems with the payment of taxes on the northern bills, and the imperial court must admit that this made the market of the northern bills temporarily stable.

There was a difference between the northern and southern tickets in the original printing, and the common people could distinguish them at a glance, so the Qing court was not very afraid of this financial crisis, on the contrary, some smart people in the court even saw opportunities from this crisis.

A wonderful opportunity for the north ticket to seize the Jiangnan market.