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Chapter 1192 The Silver Act

"To use this fund, I now face two problems."

Zai Rong sighed: "First, if you want to use Longxing's special funds, you must have my own seal and a 'Siyi Seal'."

"Siyi Zhang?"

"That is a seal carved by Chen Jieqi, a master of epigraphy and stone, for Emperor Daoguang. The four characters on it are the four characters "Siyi Binfu", so it is named Siyi Seal."

Zai Rong gave a rough explanation: "Lafayette Shengming, in order to prevent accidents, these have been agreed with the Americans a long time ago. During the Xuantong period, after the Yuan thieves forced the Holy One to abdicate, this seal mysteriously disappeared."

Li Shiqun can also understand this.

Xuantong abdicated, and the Forbidden City was in chaos.

The eunuchs stole treasures from the palace.

As a result, various shops in Beiping Liulichang made huge profits.

It is reasonable for a seal to be lost.

"I asked everywhere and finally got the whereabouts of this Siyi seal." Zai Rong continued: "At that time, Beiping Liulichang Baoyizhai had received a seal, which seemed to be the Siyi seal.

The owner of Baoyizhai didn't know who he was, so he married his daughter to a man named Xin Yichen. After Baoyizhai collapsed, Xin Yichen ran to Shanghai and opened a Xinyi Zhai. This seal is most likely in his hands.

This is also the reason why I came to Shanghai."

No wonder Zai Rong came to Shanghai.

Li Shiqun finally understood: "So Xin Yichen is still in Shanghai?"

"He is." Zai Rong said with certainty: "But he disappeared mysteriously last year. No one knows where he went, but I suspect he is still in Shanghai. Shiqun, in this big Shanghai, I need to find someone.

But there is really no other way.”

"You can't help it, but I can." Li Shiqun smiled slightly: "As long as Xin Yichen is still in Shanghai, I will definitely find him."

"If that's the case, please." Zai Rong was overjoyed: "When it's done, I will definitely benefit from you."

Li Shiqun pretended not to hear: "Is there another difficult thing to do?"

"Actually, it's not a problem." Zai Rong's expression became more relaxed: "The Americans are the most cunning people. This money is deposited in **** bank. I discussed it with the president of Morgan Bank.

The Americans said that in principle, this deposit is the property of the Qing government. Now that the Qing Dynasty is gone, the deposit is complicated and private individuals have no right to withdraw it..."

Li Shiqun was immediately disappointed.

But Zai Rong continued: "Of course I fought hard and even went to the international court. I won't go into details about the hardships. In short, later, the other party agreed that I could withdraw the money, but I had to

Pay ten percent for damages.”

"What's the point of this?"

Zai Rong sneered: "The 'Silver Acquisition Act' enacted by the Americans caused the price of silver to rise. Logically speaking, since the price of silver has increased, Morgan Bank should compensate us, but instead of compensating them, they introduced the Silver Acquisition Act.

It was said that the U.S. government strictly prohibited large-scale exports of silver, so the loss naturally fell on me."

Li Shiqun nodded slightly.

He actually believed this. Americans were the shrewdest in business and would never lose money.

In 1934, the United States enacted the Silver Acquisition Act, which aimed to raise international silver prices, making the United States the world's largest silver buyer at that time.

As a result, silver dollars, China's main currency, were flowing out in large quantities. From April 1934 to November 1935, China's silver reserves plummeted from approximately 602 million yuan to 288 million yuan.

On September 22, 1934, Shi Zhaoji, the Chinese Minister to the United States, was ordered to send a note to the U.S. State Department, saying: "Recently... the huge amount of silver has been flowing out, which is shocking... Therefore, I would like to get a guarantee that the U.S. government will not use it to make China

There will be another outflow of silver and cooperation with China... to prevent the rise in silver prices."

But Roosevelt declined the Chinese request.

In order to survive, the national government launched legal currency reform, but in the end it had to surrender to the United States.

The silver policy of the United States is the direct cause of the deep outbreak of the national financial crisis.

Despite this, the government still hopes to get the support of the United States in legal currency reform. However, the cooperation conditions offered by the United States are: China's foreign exchange reserves are deposited in American banks, the reform is guided by American consultants, and the new currency must be pegged to the U.S. dollar, not the pound.

.

Zai Rong said this and took a sip of tea: "Ten percent, that's eighteen million taels of silver, converted into US dollars, it's about sixteen million."

Li Shiqun took a breath of air.

This is an absolutely astronomical figure.

However, Zai Rong seemed confident: "If I were to come up with this sixteen million US dollars by myself, I would never have the financial resources. Even if I went bankrupt, there would still be a gap of tens of millions of US dollars. But I thought of a way to come up with it."

.

Even if I spend several lifetimes of squandering, I can't squander these 180 million silver, and I can't afford the damages that the Americans want. In this case, why don't everyone add fuel to the flames?

I am issuing shares overseas at US$10,000 per share. How much you buy will be repaid tenfold after Longxing's special funds are unfrozen.

This time I return to China, in addition to looking for Xin Yichen, I am also preparing to raise funds domestically. Shiqun, as long as you help me find Siyi Zhang, I will give you ten shares!"

Li Shiqun's heart was pounding.

Ten shares are worth one hundred thousand U.S. dollars. Once the Longxing special funds are unfrozen, the return will be one million U.S. dollars!

He was a meticulous person, so he pondered for a moment: "Master Baylor, if you put the money in the bank, there will always be a certificate, right?"

"Hold on."

Zai Rong stood up and walked into the bedroom by himself without using Butler Lu.

After a while, he came out with a box in his hand.

He carefully opened the box, took out a certificate inside, and handed it to Li Shiqun.

Li Shiqun carefully opened the certificate. Although it was slightly yellowed over time, it was beautifully printed.

On it were written in English and Chinese "Special funds for Longxing of the Qing Dynasty, totaling 180 million taels of silver" and so on.

"I have learned a lot, I have learned a lot."

Li Shiqun returned the certificate to Zai Rong: "Once this money is taken out, it will make the country richer than anyone else. Shiqun sincerely wishes Lord Baylor success."

"Look out, soldiers."

Zai Rong collected the voucher and said: "As long as I can open this special fund, I will not treat you badly. Alas, there is no hope of restoring the Qing Dynasty, so I have no choice but to do it... Scholars, this place belongs to the Japanese

The territory, I was born in a sparse place, so I ask you to protect my Zhou Quan Na."

"Don't worry, Lord Beile. There are many soldiers here, and they will never frighten Lord Beile."

Li Shiqun looked at the time and said, "Shiqun benefited a lot from my conversation with Mr. Beile today. I don't dare to disturb Mr. Beile's rest. Besides, I have to help Mr. Beile find the whereabouts of Xin Yichen, so I'll take my leave."

"Butler Lu."

"exist."

"Send it to Mr. Shiqun for me, and everyone who comes with Mr. Shiqun will be rewarded."

"yes."

"Chorus of scholars."

Zai Rong warned again: "Only you and I in the room today know about this matter."
Chapter completed!
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