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Volume 4 Leviathan Chapter 74 Little People

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    On the third floor of Shanghai Houde Bank, the government bond trading hall was full of noise. Speculators covered in oil and sweat were shouting at the top of their lungs and waving their right hands in gestures. Many people's voices were hoarse without even realizing it.  The reason is simple. Since the morning, the trend of national debt has been declining, and now it has even fallen below the par value.  It turns out that although Shanghai is not one of the five capitals of Dashun, its superior geographical location and the strong industrial and commercial surroundings made it quickly become a de facto financial center and industrial and commercial center.  Therefore, the actual place where Dashun issued treasury bonds was not in the capital Hanking but in Shanghai. The reason is very simple. Only in Shanghai can there be enough money to purchase treasury bonds.  Dashun's treasury bonds generally have a five-year term, with an annual interest rate of 4.5%. The principal and interest will be returned together at that time, without compound interest.  As an investment product with extremely low risk guaranteed by national credit, it is actually quite good for ordinary people.  But five years is a very long time, and if you need it urgently, there will be a problem of not being able to withdraw cash.  Therefore, after the emergence of treasury bonds, a treasury bond market quickly appeared in Shanghai, allowing those in temporary need to liquidate treasury bonds.  Generally speaking, the selling price of treasury bonds will be higher than its face value, and the closer to the debt repayment time, the higher the price, because additional interest income can be obtained on the date of repayment, and the treasury bond is even with its face value.  There is only one possibility if they all fall below. Someone is selling a large amount of government bonds in the market, and money in the market is extremely tight.  Ma Xingxing looked up with sweat profusely and looked at the treasury bond quotations written in chalk on the blackboard on the wall. The price of the one hundred and two national bonds due in July 1893 had now fallen to only ninety taels. There was blood on his forehead.  There was a layer of sticky sweat on his face, which made him very uncomfortable.  Ma Xingxing wiped the sweat from his forehead, then stretched out his hand to squeeze the national debt in his arms. It was still hard.  This is his twenty years of hard work!  But he was very unwilling to lose one-tenth of his money in vain.  Ma Xingxing is from Ningbo. He has more than 100 acres of mulberry fields in his hometown, and he can be considered a wealthy family.  However, he was not the eldest son in his family. Although he had studied for several years when he was a child, he could only write and do calculations. According to local customs in Ningbo, he went to Shanghai to make a living at the age of fourteen. He started working as a small worker in a relative's grocery store.  Naturally, his hard work was not enough to tell outsiders. By the time he was thirty-five years old, he had become the second shopkeeper of a cloth shop, which was considered to be outstanding.  At this age, you have to think about getting married. A few days ago, someone from his hometown sent a message saying that they had made a good marriage arrangement with him and asked him to go back as soon as possible.  Although Ma Xingxing was happy, he was also a little troubled. Almost all of his savings over the years had been bought into national bonds, totaling one hundred taels. He only had a few scattered silver coins around him, but what if he could spend all the money he spent on getting married?  He also wanted thirty taels. Such a large amount of money could not be borrowed, so he had to go to the national bond market to sell the bonds first.  Originally, Ma Xingxing thought that he would suffer a small loss at most and just give up the interest money, but he did not expect that he would even lose one-tenth of his principal.  "How could this happen? It's not usually like this!" Ma Xingxing muttered to himself. He stared at the blackboard on the wall, as if this could change the numbers on it in his favor.  "Are you going to sell it or not?" A person from behind pushed Ma Xingxing hard: "If you don't want to sell, get out of the way and don't block my way!" "Who doesn't want to sell it? Think about it!" Ma Xingxing said forcefully.  He went back and squeezed the person behind him back.  "Stingy guy, I'm telling you, something big has happened! This national debt will continue to fall. If you don't sell it, you won't even be able to sell it at this price!" The man behind sneered, as if to confirm what he said, a man in red  The bank clerk in a vest walked towards the blackboard, wiped off the price on it with his hand, and started writing the price in a scratch.  Immediately there was a sound of hope in the crowd, and Ma Xingxing stretched his neck and stared at the chalk in the clerk's hand.  "One hundred and two countries' bonds due in July 1893 are worth 85 taels!" After the clerk finished writing, he shouted to the crowd and walked out.  There were cries of disappointment in the hall, and cheers from a handful of people who were agents of the short sellers.  "How could this happen? Five taels are gone in one fell swoop!" Ma Xingxing could hardly believe his eyes. In the blink of an eye, one-twentieth of his savings were lost.  At this time, the man's voice came from behind him: "Well, what I said is right, you fell!" Ma Xingxing turned his head fiercely and stared at the person who spoke, but this man looked like a rogue.  The man looked at Ma Xingxing without fear and replied loudly: "What are you doing? You want to fight! It's not me who made you lose money. If you had listened to me and taken action earlier, you wouldn't have lost money.  , It¡¯s true that a dog bites Lu Dongbin and doesn¡¯t recognize a good heart.¡± Ma Xingxing lowered his head like a deflated rubber ball.  The other party was right. It was not the other party who made him lose fifteen taels of silver. If he listened to him, he could at least recover part of the loss.  At this time, there was a sound from the crowd.    "It's out, it's out again!" Ma Xingxing raised his head in surprise, and saw the bank clerk wearing a red vest walking out again. He came to the blackboard, reached out and wiped off the chalk words on it, and wrote it again.  "Eighty taels!" Ma Xingxing almost went crazy. This blow overwhelmed the last line of defense of the crowd's psychology. People rushed to the booth selling treasury bonds like crazy, waving the bonds in their hands and shouting loudly  Betrayed.  Ma Xingxing was stunned for a moment and had already been squeezed to the back. Then he squeezed in as if he had just woken up from a dream, waving the debt in his hand and shouting: "I want to sell, I want to sell." Twenty minutes later  , Ma Mars finally squeezed to the booth, he gasped and shouted to the clerk at the booth: "Sell the one hundred and two countries' bonds due in July 1893!" The clerk gave him a cold look.  , took the bond in his hand, checked the authenticity, took out a stack of banknotes and threw them to Ma Xingxing. Ma Xingxing picked up the banknotes, counted them and asked hurriedly: "Isn't that right? Why are there only sixty?"  "It's now at this price, do you want to sell it or not?" the clerk replied in an impatient tone, throwing out the treasury bond: "Give me the banknote and get out of the way."  Blocking the road behind!" Ma Xingxing was stunned. He looked back at the crowded crowd behind him. With a smile on his face, he handed back the national debt: "How could that be? I'll sell it, I'll sell it!  "You don't have a clear mind!" The clerk sneered, put the debt aside, and said loudly: "Next!" A few minutes later, Ma Mars squeezed out of the door of Houde Bank, and he looked at the people who were squeezing in.  The crowd touched the banknotes in their pockets again. His twenty years of hard work had been reduced by almost one-third. While losing money, he also lost something.  Ma Xingxing looked at the turbid water in the Huangpu River opposite, and muttered: "How could this happen?" Deyuelou "I would like to propose a toast to Mr. Liu!" A middle-aged man with a round face raised his wine glass and laughed loudly.  : "My little brother has heard about Liu Gong's methods in the past, but I have never seen it with my own eyes. Today I saw with my own eyes Liu Gong's scheming and rain-turning methods. Sold from one hundred taels and ninety taels, and sold from six  Fifteen or fifty taels of food, a lot of money in and out, almost two million taels of silver in one day. I, Liu Wu, have never dreamed of making money like this!" A man in a sapphire blue robe!  The old man raised his thumb and said, "Don't say that you, Xiao Liu, have never heard of it. Even I, Mr. Chen, have never heard of it! Everyone knows that I, Mr. Chen, have been fighting with him, Liu Zhiping, for half my life.  I have never convinced anyone, so today I can only say 'convinced'!" "Yes, yes!" Everyone at the table was full of flattery. It turns out that these people are all well-known figures in Shanghai's financial circle.  Liu Zhiping worked together, and it was their masterpiece in the government bond trading market on the third floor of Houde Bank during the day.  "I appreciate it, I appreciate it!" Liu Zhiping just touched the wine glass lightly, bowed to everyone, and said with a smile: "There are a lot of things in the past few days, so I am shallow, please forgive me.  "What did Mr. Liu say? You are a senior, and your body and bones are very important!" Then Liu Wu quickly smiled and said: "We, the juniors, still rely on you for advice!" "Exactly, exactly!"  In response, many people secretly scolded Liu Wu for being so thick-skinned. He was also over forty, so it was fine to call him senior Liu Zhiping, but there were several people around the same age as Liu Zhiping at the table.  He was also connected to become Liu Zhiping's junior, but at this time he couldn't open his mouth to defend himself, so he could only curse Liu Wu in his heart for being shameless.  "Haha!" Liu Zhiping smiled: "I invite you all to come here today. In fact, there is one more thing that I want you to help me with." At this point, he paused: "Actually, it can't be said to be a helping hand. This is also the case for the entire Shanghai.  Matters in the industrial and commercial world. "Liu Wu was the first to jump up and responded loudly: "Since Liu Gong has spoken out, I, Liu Wu, will put it down here. If you want money, give money, and if you want people, give people, no problem!  "At this time, people all over the table responded with words. These people had just taken a share of Liu Zhiping's hype on the national debt, and now they saw that there were benefits to be reaped. They hurriedly expressed their stance, fearing that they would be pushed out late.  "Brother Zhiping!" The old man surnamed Chen in a royal blue robe said with a smile: "Can you tell us the whole story first?" "That's natural!" Liu Zhiping said with a smile: "Mr. Chen is still like this.  Prudence is worthy of being a model for us in Shanghai's financial community! " "Haha, Chen's family runs a bank, and the elders in the family have taught him that although some businesses are profitable, they cannot be done!" At this point, the old man said  His eyes showed a cold light: "Some of the silver is boiled in potion. Eating it will spoil your stomach!"
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