After hearing Wang Yongjiang say the figure of 200 million, everyone present was stunned, even Zhang Zuoxiang opened his mouth wide, and only asked after a while: "Governor Wang, you didn't say one more zero, I calculated, the arms and salaries, plus the soldiers' pension expenses, and the cost of reorganization, should not exceed 30 million, 200 million is too appalling, right?" ”

"Auxiliary marshal, military spending is indeed not much, but Fengtian is the economic center of the three eastern provinces, in recent times, a large number of investment merchants from Beijing and Tianjin and other places have gathered in Fengtian, the entire industry and commerce are very vigorous, and a large amount of capital has poured in. Now that there is a war, many investors have lost confidence, and the outflow of capital alone is quite staggering, causing more than 70% of our losses. ”

Zhang Zuoxiang and others still had most of their minds stuck in the agricultural era, when the cost of fighting a war was not high, and even ordinary soldiers had to bring their own weapons and food, and the government mainly bore direct military-related expenses.

But in the industrial age, the situation is completely different, now although Fengtian has not entered the industrial age, but also stands on the threshold, a domestic friction on the social economy impact is too great, Wang Yongjiang's estimate of 200 million losses is still relatively conservative.

From the rise of the May Fourth Movement, Zhang Zuolin's planning to enter the customs, until Zuihou solved Guo Songling's rebels, it lasted about a month and a half, and the real battle lasted only about 20 days. However, the twenty heavenly rabbits rose and fell, and the speed of change was so fast that it was simply unacceptable, and the Beiyang and Feng departments, and even the Japanese were involved, and the losses caused were mainly reflected in three aspects.

The first is the direct war losses, including military expenditures, soldiers' pension expenditures, destruction of urban reconstruction, pacification of the people, and so on, totaling about 42 million. For Fengjun, this expenditure is barely able to support.

The second is the transfer and flight of a large amount of domestic capital, and the three eastern provinces are engaged in industrialization, so it is natural to attract a large amount of capital from all over the country, and the driving force that drives these capital into Fengtian is the preferential policies on the one hand, and the powerful force of the Fengtian army on the other hand, and no one dares to put huge investments in an unsafe place.

However, after this civil unrest, the leadership of the Fengjun army came to a major reshuffle, and everyone hesitated about future policies. In addition, there was a battle in Mukden, which was the center of the economy. The shock was too great, and the security of the three eastern provinces was also questioned by all sides, and since the sudden assassination of Zhang Zuolin, a large number of investors have withdrawn their funds.

The third loss was due to the intervention of the Japanese, and a large number of Japanese-funded enterprises took the opportunity to hoard Juqi. Disrupting the market, coupled with the immediate threat of war against Japan. Let everyone express doubts about the future of the Feng army. It has also accelerated the trend of capital flight.

The wars of the industrial age and the agricultural age were completely different, and if they were won, the benefits were multiplied, and the damage caused by civil wars and defeats was also multiplied and even caused by the collapse of the results. The two superpowers of later generations were defeated in local wars, which affected the fortunes of the country. Even forcing an empire to hasten its disintegration.

Wang Yongjiang explained these losses to everyone, and then said: "Take the North Market as an example, in normal times, there are millions of yuan and tens of millions of materials every day. Bulk agricultural products and industrial products have to be sold through the North Market, and if they stop for one day, they will lose millions, and the amount of liquidated damages is even more amazing. ”

Zhang Zuoxiang reluctantly digested these things, and said with a wry smile: "It sounds like this is Xiao He who is successful and Xiao He who is defeated!" To put it mildly, the North Market was built by you, is there any solution? ”

Zhang Tinglan nodded, and then said: "The losses mentioned by Mr. Min Yuan, except for the inevitable direct losses, are all estimated, and they can be summed up in two words: confidence!" Our financial and industrial sector was able to attract a large amount of investment because of Fengjun's strong position in the country, which brought great confidence to investors, and after this civil strife, everyone's confidence was hit and caused serious losses. ”

"Incisive!" Wang Yongjiang said with a smile: "In a humble word, the loss of the Feng army is not only the real economy, the financial turmoil has also begun, everyone has also sold the Feng ticket, and some of the bonds we issued have also been questioned. ”

Wang Yongjiang is not right at all, when Zhang Tinglan was engaged in construction, he borrowed a large amount of debt, whether it was immigration, education, but also industrial and infrastructure construction, and issued a large number of bonds to carry out complex financing.

If there is a serious problem with these things, the loss caused will not be as simple as 200 million yuan, but the financial collapse of the entire three eastern provinces, and even the collapse of society, and the farm system founded by Zhang Tinglan may collapse, after all, most of the funds for farm development are obtained by loans, and the resulting chain reaction will even threaten the safety of the entire Feng army.

"The economic swords and swords are often more terrifying than the real battlefield." "The core of all the issues now is how to boost confidence, and if the economic system of the three eastern provinces is to get back up and running, I think what needs to be done is to spend money, invest a lot, and absorb the money back," Zhang said. Money is like water, and the three eastern provinces are like reservoirs, our economy is like swimming fish, and when the water returns to the pool, the fish will naturally live. ”

"The current situation is not too bad, we are the first to be hit by the real economy, the financial industry has just had a little bit of signs, and it is relatively easy to save at this time. In the next step, we must know that large investment and large-scale development projects will continue to provide living water for the economy. ”

Zhang Tinglan took out his own prescription, and the officials of the three eastern provinces present were listening carefully, in fact, most of them did not understand Zhang Tinglan's words, Zhu Qinglan said on the side: "Humble words, I listened to Governor Wang's introduction, and I suffered heavy losses. At this time, it is time to recuperate, reduce expenses, and fill the holes. But if you want to do the opposite and continue to spend money lavishly, won't the hole be bigger, will there be problems? ”

Zhu Qinglan's words represent the views of a considerable number of people, and Zhang Tinglan is also aware of the problems of these people, whose understanding of the economy is generally stuck in the feudal agricultural era, and they are still very unfamiliar with modern economic operation. The more we are in a crisis, the more we need to take strong action to save the economy, rather than waiting for the economy to recover itself, and then we will miss the best opportunity.

"Ladies and gentlemen, in the agricultural era, most of the landlords paid attention to simple accumulation, and they even buried a lot of silver in the ground, and as a result, there was less and less silver in the market, and they felt that silver was becoming more and more valuable and satisfied. However, for the operation of the economy as a whole, this is adding fuel to the fire. There is a shortage of money in society, and when it is hidden, the shortage becomes more serious, forming a vicious circle. In the Song and Ming dynasties, there was a shortage of money to varying degrees, which could even affect the rise and fall of the dynasty. ”

"Now in the industrial age, we should see more clearly that the flow of money is more important than accumulation. Money itself is not just wealth, but a kind of power, ordinary people have money, they can exchange for food, clothing, housing and transportation needs, the government has the wealth, it has the power to dominate society. To exercise this power, it needs to be manipulated by spending money, and simple accumulation will turn into a landlord-style miser! ”

What Zhang Tinglan said was still a little difficult for everyone present, but Wang Yongjiang, as a financial expert, quickly understood.

Wang Yongjiang is also a person who constantly learns to accept new ideas, since he came into contact with Fred of Daosheng Bank and saw the modern capital operation, he has a subversive understanding of finance and banking, and now when he hears Zhang Tinglan's set of concepts, he immediately resonates.

"In a humble way, I can't support the general direction you said, and the only question now is to implement it, what projects we should invest in, and how to spend money."

Zhang Tinglan nodded and said with a smile: "Mr. Minyuan, I heard that the Jifeng Railway is about to open to traffic, and I want to use the Jifeng Railway as collateral to borrow 20 million US dollars from the United States to develop the railway construction in the three eastern provinces, what do you think?" ”

Wang Yongjiang's mind is also spinning rapidly, Zhang Tinglan's borrowing from the United States is not just to solve the problem of funds, but a clever plan to kill three birds with one stone. First of all, the question of confidence is the question of confidence, and Chinese investors have not wavered in their confidence in Mukden and doubted the future of Mukden. The entry of American capital is the most powerful counterattack.

In today's China, the great powers are still the most powerful, and their actions are the most convincing, although to some extent, this behavior is also foreign and flattering. But at this time, Zhang Tinglan could only use this emotion to serve herself.

Secondly, the United States is a capital-first society, which has brought in American capital, and at the same time has brought in American politics, and now Fengjun and the Japanese are still in confrontation, with the United States joining, the Japanese will undoubtedly cast a mouse bogey, and Zhang Tinglan can add a card in his hand.

In addition, Zhang Tinglan did this in order to actually break the Shili range of the Great Powers in China, according to the tacit understanding between the Great Powers, the three eastern provinces are the Shili range of the Japanese. If U.S. capital wants to enter, it needs to obtain permission from Japan.

It is precisely with the scope of shili that Zhang Tinglan wants to attract investment and make the great powers compete with each other, which has become a delusion, and with the wolf of the Japanese government staring, it is difficult for Shili in Europe and the United States to intervene, especially sensitive things like railways.

However, at this time, the Japanese lost too many points in the international community because of the open assassination of Zhang Zuolin, and the foreign powers seized his handle.

"This clever trick can not only restore the economy, but also use its strength to dig into the corners of the Japanese. Once you tear a corner of the shili range, it becomes much easier in the future! (To be continued......)