Chapter 952: Run-on Panic

Shanghai, Yuanqi Bank head office and all the large and small branches are lined up in a long line, without exception all come to exchange banknotes, because there are too many people in line, many people are not afraid of the cold overnight queue, for the possibility of exchanging the banknotes in their hands into cash as soon as possible.

Because of the run, the whole of Shanghai is shrouded in a panic, all kinds of rumors are flying all over the sky, the citizens are shocked every day, fortunately, Yuan Qi has repeatedly promised that no matter what the situation, will ensure the exchange of banknotes, and take the initiative to extend the business hours, until dark, even so, the run has not been alleviated.

Although Yuanqi Bank has experienced a run since its establishment, such a large-scale run has not happened for many years, and this run came quickly and violently, from the fact that foreign personnel in Shanghai rushed to run, and then it was rumored that England had declared war on the Qing Dynasty, and the armies of the two countries had fought in South Africa.

As soon as the news spread, it triggered a large-scale run, and the government and the opposition as well as the newspapers and public opinion were relatively pessimistic about the Qing and British war in South Africa, after all, the strength of the British navy was already deeply rooted in the hearts of the people, and more importantly, France was defeated in the Franco-Prussian War, and a huge war indemnity of more than 700 million taels of silver was paid to Germany.

Many people are worried that the Qing Dynasty was defeated in South Africa, and also paid a huge amount of war reparations like France, Yuanqi's financial resources are abundant, but if it is necessary to pay a huge amount of war reparations, it is difficult to say whether the banknotes issued by Yuanqi can maintain their value, and there is also news that Yuanqi exchanged a large amount of gold, resulting in a sharp reduction in the inventory of silver, and the banknotes issued will depreciate significantly.

In addition, the Spring Festival is approaching, all businesses will be on holiday for more than half a month, Yuanqi Bank is no exception, many people do not want to be afraid, are eager to exchange paper money for cash, safe and stable New Year, after all, real money is more reassuring, many internal and external factors together have caused this large-scale run.

Due to the development of communications and transportation, the run on Shanghai soon spread, and the provincial branches of Yuanqi Bank were in an emergency, requesting the allocation of large amounts of cash to cope with the increasingly serious run.

The panic caused by the run quickly spread to the stock market, and the stock index fell in response, and the stock index, which had stabilized and gradually rebounded because of Yuanqi's move, immediately turned around and fell.

"Tick ring" The crisp phone rang, Zhao Liewen and Yi Zhengxing glanced at each other with a wry smile, the phone calls continued in the past two days, making people uneasy, but a nationwide run broke out near the New Year, and the stock market also fell sharply...... All kinds of people and others have called, but anyone who can talk to Yi Zhicontentment has called.

"I'll pick it up." Yi Zhengxing stood up as he spoke, and after a while, he covered the phone microphone and looked at Yi Zhicontent, and said, "Father, I am the big shopkeeper of Shanxi Jinyuan Bank, and I ask if I need to support the cash ......." ”

Yi Zhizu waved his hand and said, "Be polite, thank them for their kindness." ”

Yi Zhengxing, who was waiting, put down the phone, and Zhao Liewen said: "Now that the cash in all provinces is tight, they are in a hurry, why did the big shopkeeper refuse the kindness of the Shanxi ticket dealers?" ”

"It's not a money order exchange." Yi Zhishu said slowly: "Cash exchanges, a large amount, it is impossible to conceal, as soon as the news spreads, it will undoubtedly aggravate the degree of panic and trigger a larger-scale run, which can be said to be more than worth the loss, besides, it has not yet reached the level of unsupportable ......." ”

Before she finished speaking, Lin Meilian poked her head at the door, and then came in to report: "The big shopkeeper, He Tianyou, chairman of the Federation of Trade Unions, asked to see him, saying that there was an urgent matter. ”

What can the CGTU be in a hurry? Yi Zhixin couldn't help but be stunned for a moment, and then he groaned, and then said, "Please let him in." ”

He Tianyou, who was in his early forties, walked into the room with an anxious face, and before he could see the ceremony, the phone rang again, Yi Zhengxing walked over quickly and picked up the phone, whispered a few words, and then turned to look at He Tianyou, and said: "Baoshan called, more than 1,000 workers marched on the streets, refused to accept paper money, and demanded that wages be paid in cash....... ”

Yi Zhizu turned his head to look at He Tianyou, and said slowly: "Chairman He is here for this?" ”

The workers who listened had already marched on the street, and He Tianyou's forehead suddenly sweated, and he hurriedly said: "The big shopkeeper, this work union has not participated, and it has been stopped many times ......." ”

"It's really going to be fun." Yi Zhixiang's tone was very flat, "Asking for cash to settle wages is also to protect the legitimate rights and interests of workers, and to convey to the directors of each factory to settle the wages of the workers participating in the march in cash." ”

He Tianyou naturally knew how bad the nature of this matter was, and he was full of sincere fear, but he didn't expect that Yi Zhixiang didn't mean to blame at all, but allowed it without hesitation, and couldn't help but be shocked, and didn't know how to speak for a while.

Yi Zhishu continued: "When Yuanqi was first founded, the British attack on Guangzhou also caused a serious run, but the workers of all the factories under Yuanqi's name deposited their savings into Yuanqi Bank. Speaking of this, he sighed lightly, "Has the world changed?" Or has people's hearts changed? ”

Hearing this, He Tianyou's heart couldn't help but tighten, and he hurriedly said: "The big shopkeeper is the ...... we are not doing things effectively." ”

"Naturally, you can't get out of it." Yi Zhixiang's voice was cold, "But all the workers who participated in the parade will take pictures and make files, the factory under the name of Yuanqi will never be hired, and will be expelled from Baoshan, Shanghai, what Yuanqi needs is a worker who can work with Yuanqi with one heart and one mind, and breathe and share the same fate." ”

He Tianyou couldn't help but be stunned, he knew best, which of all the factories in the Qing Dynasty would offend Yuan Qi for a few workers, which was tantamount to a ban order, no factory dared to hire these workers, which was equivalent to cutting off the opportunity for those workers to enter the factory!

"And you!" Yi Zhizu said in a deep voice: "Factory trade unions, joint trade unions, federation of trade unions, all trade union representatives are elected by workers independently, right?" The fact that such a thing has happened shows that the demands of the workers cannot be answered through proper channels, that there are quite serious deficiencies in the work of your trade unions at all levels, and that I seriously doubt the competence of the union representatives. ”

This is quite serious, He Tianyou hurriedly said: "The Federation of Trade Unions will immediately carry out self-examination and self-correction, and will definitely give a satisfactory explanation to the big shopkeeper." ”

"Not to give me an explanation, but to give an explanation to the workers, to yourself!" Yi Zhizu said in a deep voice: "The role of trade unions is to safeguard the legitimate rights and interests of workers, and at the same time, they should also properly handle the interests of workers and factory owners, and try to balance the interests of both parties.

This incident is extremely bad and may lead to serious consequences, damaging not only the interests of Yuanqi, but also the interests of the factory owners and workers themselves. This will lead to the closure of a large number of factories and the loss of countless workers. The workers have low consciousness and don't know the consequences, but it's rare that you don't know either? ”

"I understand below." He Tianyou said with a bitter face, the run is getting more and more intense, and the workers are also worried about the depreciation of the banknotes or even the invalidation, the trade union is not unaware of this sign, and has also worked hard to do the workers' ideological work, but they did not expect that there are still people secretly organizing trouble, and it is not a bad thing to deal with it strictly, and it is more conducive to the work of the trade union.

He Tianyou, who was waiting, retired, Zhao Liewen sighed lightly and said: "Even the workers are clamoring to pay their wages with cash, which shows the panic in the hearts of the people, is there any news about the Transvaal?" ”

"Feng Zicai called the day before yesterday that the British army had already arrived under the city of Pretoria." Yi Zhizu said slowly: "It is expected that there will be news in three or five days at most, Feng Zicai is what I picked up, don't worry." ”

Can you not be worried? Zhao Liewen sighed secretly, the British army is thirty-eight thousand, the marines are only fourteen thousand, and they are fighting in a foreign country, if anything goes wrong, Yuanqi will face the biggest run in history, even if it can be overcome, it will be a great blow to the reputation of Yuanqi Bank and even the entire Yuanqi.

After hesitating, Yi Zhengxing said: "At present, the run on the exchange is worse than the day, and the cash is tight, so it is better to suspend the exchange of pounds." ”

"Insisting on exchanging pounds is not only for the purpose of reserving gold, which is the same as allowing Yuanqi to extend its business hours, all in order to stabilize people's hearts, and if the exchange is stopped, the panic will inevitably intensify." Yi Zhizhi said slowly: "Again, this time is also a rare good opportunity to absorb pounds, rest assured, I have confidence in Feng Zicai." ”

"Tick Ring" The phone rang again, "I'll pick it up." Zhao Liewen said and stood up and walked over quickly to pick up the phone, listening to Huo Qizheng's voice, he smiled and said, "Later, I will ask the big shopkeeper to answer the phone." As he spoke, he turned around and said, "It's Shopkeeper Huo." ”

got up and took the phone, and Yi Zhishu said loudly: "It's me." ”

"The big shopkeeper." Huo Qizheng said: "At present, the stock market is falling sharply, and my subordinates think that they might as well wait for two more days, and then ...... the market when the momentum is a little weaker." ”

After a slight sigh, Yi Zhizhi said: "It is not advisable to wait, the decline is too large and easy to cause panic, and besides, the European funds should have withdrawn, no need to wait any longer, they will enter the market in the afternoon, and they can not fall again." ”

"Yes, my subordinates obey." Huo Qizheng replied loudly.

The stock trading hall, although it is the noon break, there are still many people in the hall who are talking in a low voice, because of the panic caused by the run, the Spring Festival is approaching, the stock market is about to stop, many people are difficult to judge accurately in the face of future generations, do not want to hold shares for the New Year, and because some people secretly manipulate malicious shorting, resulting in a continuous plunge in the stock market, in the face of this situation, Yuanqi seems to be powerless, and there is no more pallet moves.

The trading floor is gloomy, everyone is hard to see a smile on their faces, and those who are still sticking to this place are still holding some luck on the later trend, or they plan to take advantage of the downturn in the stock market to enter the market, after all, the stock market rises and falls, and every big drop is a rare speculative opportunity, but no one knows how far it will fall.

Near the opening, the hall gradually more people, however, compared with the previous time is significantly less, many people have sold their stocks to cash out, although there are more people, but in view of the trend in the morning, the vast majority of people do not have much hope for the trend in the afternoon.

But to everyone's surprise, as soon as the market opened in the afternoon, all the sell orders for stocks were swept away, and then there were huge buy orders, and all stocks were the same.

Seeing this situation, the atmosphere in the trading hall suddenly became agitated, there is no doubt that this is Yuanqi shooting the tray again! Only Yuan Qi has such great courage!

Compared with the restlessness and excitement of retail investors, all the analysts and brokers of brokerage houses are wondering, what is the situation? Yuanqi is once again spending a lot of money on the tray, in order to stabilize the stock market to alleviate the panic of the run? Or is it because things have changed?

If it is the former, it may fall later, and if it is the latter, it means that it is another extremely rare opportunity! Although the government and the opposition are generally not optimistic about the war between the Qing Dynasty and England in South Africa, if the Qing Dynasty can defeat England as unexpectedly as Germany, it means that Yuanqi will monopolize the gold mining in the Transvaal, which will be an incomparable benefit!

"Whatever means you use, you have to find out what is happening as soon as possible?" Almost all the brokerage houses issued the same order, and a group of brokers also crossed the sea to show their magic powers, and went through different channels to find out the news.

There is no doubt that everyone's attention is focused on South Africa, and it is no longer news that England dispatched a large number of warships and tens of thousands of troops to attack the Transvaal, but the Qing Dynasty withdrew its troops from South Africa? Or is there a war? If there is no movement in South Africa, then it is Yuanqi to stabilize the stock market and ease the run panic.

Just when the various brokerage houses and brokers are busy inquiring about the news, the stock market has begun a strong rebound, the stock market is never short of risk-taking speculators, without knowing the real reason, many people enter the market without hesitation, because of the asymmetry of information, they can only gamble, for them, the stock market itself is a casino!

At two o'clock in the afternoon, Cao Gensheng's face was full of joy, and he walked into the study with brisk steps, and said loudly: "Big shopkeeper, Feng Zicai called from the Transvaal." ”

Seeing the smile on his face, Yi Zhixiang smiled and said, "Nian——。 ”

Cao Gensheng read: "Telegram to the principal, the General Staff, and the brigade headquarters led by the post at four o'clock yesterday afternoon, at a small cost, defeated the British army's position outside Pretoria, destroyed more than 280 British artillery, destroyed more than 11,000 enemies, and captured more than 2,300. Later, it will be reported in detail. Feng Zicai, Xu Mingming. ”

How was this battle fought? Zhao Liewen's face was full of disbelief, "Just Feng Zicai's 253rd Brigade?" ”

Yi Zhizhi said with a smile: "Tang Shengcai's 254 Brigade is afraid that it will not be too late to reach Pretoria." ”

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