These issues are not only the views of Chu He and Ren Youzi, but also the views of many people in the Law Society. It is believed that the current commercial law is not perfect, and the hasty implementation of these new systems and regulations will cause unpredictable consequences. But this series of reforms has the support of many veterans of the administrative department.
"...This system is currently being piloted, but I don't think the results of the pilot will be good. It's hard to say whether some smart people will appear in this paper cotton incident and take advantage of the loopholes..."
"If there really is a financial crisis..." Li Shan said.
"The financial crisis will definitely not happen unless something happens to Nanyang Company." Chu He said with a smile, "Currently, all private financial activities in Guangzhou are very small in terms of type and weight. It is impossible to have a huge one." Lang. You can rest assured. Some people will definitely go to the rooftops in the paper and cotton incident, but overall there will be no problems. What I am more worried about now is your cotton textile industry, and this incident will definitely have an impact on you."
"Sigh, I also have such a hunch. The paper and cotton incident exposed a major weakness of ours." Zou Biao said, "To be honest, I have no confidence in the plans for the cotton textile industry now..."
"Of course the supply of raw materials will not happen overnight, but when the British cotton textile industry started, cotton plantations did not exist. It was entirely demand that stimulated supply. Not the other way around. As long as the demand is big enough, land capitalists or The landowners will start their own plantations. I don't have to worry about this." Li Shan is quite confident, "The key is to reduce the cost of cotton spinning. The current price of cloth on the market is still too high."
"In fact, based on the cost of your woven fabrics, after the current major purchasing orders are reduced, the price of cotton fabrics will fall significantly. Soon individual textile households will be unprofitable. As for whether you are willing to reduce them all to Bankruptcy depends on your specific policies. However, except for the enterprises you focus on supporting, almost all individuals will be finished..."
That night, under the personal command of Mu Min, the police raided Qingyun Tower and related flower and cloth shops, and then arrested a total of fifty-eight people involved in the matter.
According to the final statistics of the police department, the total amount involved in the paper and cotton incident was nearly 170,000 yuan. This is also an astonishing number in Guangzhou.
Fortunately, this incident was as expected by Chu He and others. Because there was no leverage, it did not have much impact on Guangzhou’s financial order. But the victims were far more widespread than they thought. Because many victims later heard that paper cotton could "make a lot of money" and "organized a meeting" to participate, which was equivalent to raising funds to purchase. The number of people involved is extremely large, with preliminary statistics of more than 2,000 people. The amount involved in most cases was only two or three yuan, and some even amounted to one yuan.
Most of these people are poor, and most of them are the last ones to take over from high positions, which can be said to have suffered heavy losses. For a time, the courtyard of the city bureau was filled with people who came to register. There was a lot of crying and shouting, and some people fainted on the spot. Then there were reports of people drowning in the river... Mu Min was so noisy.
Mu Min was so angry when she saw this scene that she scolded Chu and Ren, who came to deal with the follow-up issues, saying that they were all "bad people" who were engaged in finance. He even scolded Lishan.
"...This, this, has nothing to do with me. I didn't make the paper cotton..."
"If you hadn't toiled in the Ten Thousand Nations Market, you would have been able to do this!"
Li Shan cried out that he was wronged, saying that he had never had such an advanced idea as engaging in futures.
"I don't care if you are advanced or lagging behind. I'm sorry that you are not responsible for wiping your butts. You are quite good at sitting down and talking about things. If you don't help us deal with this matter, I won't trouble you in the future in Guangzhou. Don't come and do anything. Damn it, I can’t tolerate great Bodhisattvas like you here!”
Chu He's face was a little uneasy. No one could bear the feeling of being scolded all over the place. On the contrary, Ren Youzi had a smile on his face and said: "Yes, yes, we will handle it properly! Don't worry, we have a plan on how to deal with it..."
Ren Youzi immediately explained the relevant plan.
"The case value of 170,000 yuan is not false. I made a rough estimate and found that the warehouse receipt of about 70,000 yuan can be cashed in the end. As long as the bosses of several flower and cloth shops are controlled and they are not allowed to escape. That’s fine—the flower and cloth shop must continue to be opened..."
"Continue to drive? I also want to ransack their homes to make up for the losses of those ordinary people!"
"Only if they continue to operate, will they have a chance to make up for the losses of ordinary people. Otherwise, they will simply go bankrupt and lose all their debts."
Mu Min raised her brows, as if she wanted to speak, but stopped.
"...In addition, the family properties of these fifty-eight people can also make up for part of the deficit." Ren Youzi said very carefully, "For example, Wu Yuanyin, the boss of Qingyun Tower, said he was not involved, but in fact he is just like a casino operator. Every order has a commission, so if you push it hard, there will definitely be profit - as for those who falsely open the warehouse orders, these people have internal control by the political security and cannot escape, and the recovery of the stolen money will be only half-dozen..."
"Even this can't make up for the shortfall. Look at the people in the yard below."
"Here, we have a repayment plan, which generally favors small and medium-sized victims. In this way, we can effectively stabilize society at large."
Mu Min looked at the relevant plans and finally felt a lot calmer. She asked again: "But I'm afraid there is a problem with the final delivery. Many people who buy warehouse receipts have no contact with the cotton textile industry, and they buy them purely for speculation. Even if the fabric shop gives him spot delivery in the end, he will take What’s the use of cotton bought at such a high price?”
"He can go directly to Wanguo and sell the cotton spot. Maybe the price will be higher by then."
Mu Min shook his head repeatedly: "It's hard to say. It's more likely that the price is lower."
Chu He said helplessly: "This is not something we can decide. To put it bluntly, these outsiders come to participate in the paper and cotton business just to speculate and make money. Since ancient times, we have been willing to admit defeat. Besides, this trick is not something we came up with. . It is a great virtue for us to come forward to solve the problem. Alas, speaking of it, this is the tragedy of the small citizens."
The Five Immortals Temple in Guangzhou City has recently put up a new brand: Shen'ao Society.
Although the pronunciation is similar, this Ao is not Piao, so the "Shen" in Shen'ao expresses the meaning of "explanation, statement". In other words, this is a place to convey Australian conditions and Australian culture to the local indigenous people.
The organizer was Du Yibin, who was ridiculed by many elders for having a "celebrity collecting habit". The non-governmental organization he launched in Guangzhou was mainly used to win over old-style literati who could accept certain new ideas.
However, he does not work in Guangzhou, so it is difficult for him to care about this organization for a long time. After all, setting up a social organization requires funds, a venue, and staff. It is difficult for him, a veteran of a foreign administrative department, to cover everything, and he does not have so many resources. So I discussed with Cui Hantang, who had the same idea, and asked him for "assistance."
Cui Yuanlao also has this idea. The two hit it off immediately. This sign was hung in the Five Immortals Temple. Cui Yunhong also has a legitimate base to engage in united front work with local intellectuals, avoiding being accused by some elders of taking the opportunity to "spread feudal superstition."
Shen'ao Society occupies a small side courtyard in Wuxian Temple, which has been re-decorated and arranged. The main room has been turned into a tea house for people to chat; the east wing has a reading room - you can learn from the richness of Wuxian Temple in Australia. Read the book here after borrowing it from the collection. Many of them cannot be borrowed, especially the large number of "official examination" tutoring materials collected here, which are the favorites of many Budi scholars; there is an "exhibition hall" in the west wing, which houses some simple models and scientific instruments. , many scientific wall charts are arranged. On the opposite side are the offices and warehouses of the academy. It can be said that although a sparrow is small, it has all five internal organs.
After it opened, it attracted many people one after another. In addition to scholars who wanted to find a place in the new government and new system, there were also many students who were curious about Australians and Australian culture. Many people sit here every day, talk, read newspapers, magazines and books. Because many people here have direct and indirect connections with Australians, many people use this place as the first channel to find out inside information about Australians. Cui Hantang also welcomed all comers warmly.
The most popular discussion in the Shen'ao Society today is about the paper cotton incident.
Most people are quite new to this new thing called paper cotton, so the discussion is quite lively. The paper cotton incident was published as a full-page special report in the Yangcheng Express. The causes and consequences, as well as the whole story, were clearly analyzed. All the way to the final solution, everything is listed one by one, down to the smallest detail. Therefore, this discussion has a lot more targeted parts and a lot less random speculation. Most scholars have similar views. This paper cotton is an "opportunistic" thing that will cause "endless troubles" to the country and the people, and should be completely banned.
People with more knowledge mentioned the "pre-purchasing of mulberry trees" in Jiangnan and believed that it was the same. As long as the government supervision was strong and false warehouse orders were prohibited, buying and selling paper and cotton was not a bad thing. It can balance the risk of future raw material price increases.
Everyone was arguing when someone suddenly asked: "I haven't seen Zhang Jiayu for a long time. Do you know where he went?"
"To be honest, I haven't seen him for several days. He was supposed to come in three or two days!"
Someone said: "I heard that something happened at home and he returned to his hometown in Dongguan."
"I haven't been back for so long. Did something happen at home?"
"I heard that a close relative of his family was seriously ill and had to rush back." Someone else said, "I saw him lost his mind when he left. I'm afraid he might be intolerable!"
