Font
Large
Medium
Small
Night
Prev Index    Favorite Next

Chapter 090: Run on the Storm (2)

The rumors about the deficit of the Royal Bank of the Ming Dynasty are becoming more and more outrageous. Some say that the emperor wants to build more than a dozen palaces, and some say that there are some that have wine ponds and meat forests. Small,...o&1t;/p>

Rumors like the wine pool meat forest are extremely brainless. With the example of King Zhou of Shang, which emperor would be stupid to build a wine pool meat forest. If you want to enjoy it, you will also look for other projects! Why do you have to drink wine pool meat forest?&1t;/p>

But someone believed the rumors that this could even lower the IQ, and they rushed to the Royal Bank to run.&1t;/p>

There are too many people running the bank, and the team is already blocking the streets. Bank staff are still withdrawing funds from the people who are coming to the bank.&1t;/p>

From Chen hour in the morning (8 o'clock) to Xu hour in the evening (9 o'clock), the number of people outside the bank still did not decrease. Such mass activities are rare, but the bank has already made the time to make a proofing. People who have not withdrawn money can only come again tomorrow. During the proofing, the crowd caused some commotion, but the soldiers of the Beijing camp maintained order well on the scene. They placed their spears in front of them and kept the crowd outside.&1t;/p>

The first day of the bank ended with the bank's proofing. Those who took the money on the first day lamented that they were lucky. Those who did not get the money were still worried at this time. Especially those who took the money, they encouraged them to withdraw the money quickly.&1t;/p>

These depositors who took out their money in advance had lost interest at this time. They naturally hope that others would be the same as them, some out of kindness and some out of wrong intentions, and all of them were different.&1t;/p>

The next day, the bank run continued. Some ordinary people even lined up outside the bank overnight, ignoring the curfew. Due to special reasons, the Beijing camp arranged several soldiers to watch from the side.&1t;/p>

At 8 o'clock the next day, all banks will open as usual.&1t;/p>

The silver was transported into various branches one by one, but this phenomenon did not make depositors feel confident. Because depositors with large deposits needed to make an appointment for three days, those small depositors thought that the bank would definitely be gone in three days.&1t;/p>

Those depositors with large deposits were all afraid of the money they were transported in. Is there any money left in three days?&1t;/p>

There were more depositors who came to run the bank the next day than on the first day. Many depositors who did not react on the first day, or depositors who were far away from each other, dared to come and joined the run.&1t;/p>

There are still too many people. The next day, those depositors with small deposits could withdraw only about one-tenth of the money, mainly because there are only so many bank staff and the business hours are only so long.&1t;/p>

The next night, there were already a large number of people outside the bank branches. It was not cold at night. They brought some blankets and slept at the bank entrance. Anyone who dared to jump into the line would immediately cause a burst of angrily scolding. Fortunately, there was a Beijing camp on site to maintain order, otherwise they might have to fight.&1t;/p>

This continued until the fourth day, and the big depositors who made the appointment went to the bank to collect the money on that day. As a result, what the wealthy businessmen and the powerful never expected was that the bank actually had money, and trucks of silver dollars were shipped out.&1t;/p>

They didn't even know when the silver was shipped.&1t;/p>

In fact, every branch of the Royal Bank of Ming Dynasty has a dedicated backdoor channel. All of these silvers are transported in from the backdoor at night. Others are bluffing when dealing with the run, but Royal Bank of Ming Dynasty is still low-key.&1t;/p>

As a result, in three days, all the landlords, wealthy businessmen, and powerful people who came to make an appointment to withdraw money were cheated. Faced with the fact that there was no shortage of bank money, these people were quite happy at the beginning. Who wouldn't be happy to take the money back?&1t;/p>

But soon, they were no longer happy.&1t;/p>

Bank of China is moved to the outside one after another, and it seems that it is not bottomed out at all. So some depositors with small deposits have begun to shake, and a small number of people have turned around and left. Those depositors with large deposits are still constantly transporting their silver.&1t;/p>

These large depositors do not need to queue up. After all, they have made an appointment, so they can just find enough people to carry the money.&1t;/p>

But on the fifth day, after the large deposit depositors who came to make an appointment on the second day of the bank run, people finally became uneasy.&1t;/p>

"May I ask, can I not take this money?" a businessman came to the VIP room and asked.&1t;/p>

"Yes! We can go through the storage procedures for you again." The branch manager replied. The businessman explained: "I mean, I will not withdraw the 50,000 taels of silver from your bank in advance."&1t;/p>

"When you came to make an appointment, our bank had already settled, so all your interest has been cleared." The shopkeeper replied.&1t;/p>

"But I don't want to withdraw now!" The wealthy businessman was a little anxious. Logically speaking, banks were facing bank runs and would try every means to keep the funds at this time. Interest matters should be negotiable.&1t;/p>

"Customer, if you come to make an appointment, our bank must withdraw funds and escort the bank. These are all cost-effective. Do you think this is the case? If anyone withdraws money in advance, then our bank's business will not need to be done." The shopkeeper said.&1t;/p>

The shopkeeper's attitude is so firm, which shows that the Royal Bank has sufficient funds and is not afraid of them running. It is normal to think about it carefully. Who is the emperor? The bank has no money, will the treasury still have no money?&1t;/p>

The rich businessman suddenly looked bitter and said angrily: "Okay! Then I'll transport the silver away first."&1t;/p>

Although we know that the bank does not lack money, the wealthy businessman doesn't want the Royal Bank to use his money. Of course, they will continue to deposit it in the future, but now the interest is gone anyway, so it is always safer to withdraw it.&1t;/p>

The other large depositors have similar thoughts. Although they realize something is wrong, they still take out the money.&1t;/p>

Finally at noon that day, Royal Bank posted a notice to refute the rumors in various branches, deeply refuting all kinds of false rumors, and also disclosed the surplus of the treasury and some of the Royal Bank's accounts.&1t;/p>

This long notice was just posted. After reading it loudly by some literate people, everyone was shocked for a long time. Only then did they accept the fact that they were misled by the rumors. Many depositors at the scene beat their chests and stamped their feet.&1t;/p>&1t;/p>
Chapter completed!
Prev Index    Favorite Next