Beiyang reactionaries

Those banks in Shanghai, no matter whether they are foreign banks or domestic banks, are not easy to mess with.Those who are able to open a bank, and those who dare to open a bank, are not the shadows of powerful people behind them.

Not easy to mess with.

Even in Duan Xun's capacity, they would never lend money to Duan Xun without collateral.Because those people have such a background and such confidence, they can reject Duan Xun.

"One ring within one ring."

Wang Yongjiang answered immediately.

"General, do you know that there is a flour king Rong's in Shanghai right now?"

"heard about it."

"The Rong family developed their flour mill by means of a capital operation model. After they first set up a flour mill, they mortgaged the flour mill to the bank and borrowed money from the bank. Then they used the loan to set up another flour mill, and then It is to mortgage this flour mill to the bank, continue to borrow money, and continue to establish flour mills. With this method, the Rong family established nearly ten flour mills in just a few years and became the flour king of the whole country."

"Governor Wang means..."

"General, we can also follow this model. After all, we have taxes, so we are more secure than the Rong family. And we can mortgage more things, and we have more good assets. For example, our shares in Chuanjiang Steamship Company, we are in The shares in Tianfu Coal Mine, our shares in Beichuan Railway, etc. are all highly profitable transactions, and these banks will definitely be interested. As long as our tax revenue can be stabilized, then we can still turn around these loans. Even if our finances If we can’t handle it, we can also learn from the Rong family and keep using the bank’s money for turnover.”

"kindness."

To put it bluntly, it means borrowing tomorrow's money and spending it today.It also uses the capital operation between banks to reduce its own burden.And as long as there are no problems in the Sichuan, Yunnan and Guizhou that I control, then this method is really possible.

"General, is there another way?"

"what?"

"Issuing public bonds and borrowing money from the people. Our three provinces of Sichuan, Yunnan and Guizhou are poor, but the people still have a lot of extra money. Especially those century-old gentry families have a lot of money to mobilize."

Duan Xun was silent.

In fact, Wang Yongjiang's methods all have the same meaning.Borrow the money first, and then consider how to pay it back.If it is an enterprise, such a borrowing model will definitely cause big problems.That is, the debt ratio will be very high.

But for Duan Xun, when there is no other way, this is also an option.

Anyway, Duan Xun has taxes as a guarantee.

"Is there any way to borrow money quickly?"

"It can be through our Southwest Commercial Bank. They have business relationships with many banks in Shanghai. As long as we can get the collateral, we can borrow money in a short time."

"borrow."

Duan Xun finally made up his mind.

As long as the three provinces of Sichuan, Yunnan and Guizhou can be stabilized and the fiscal revenue can grow steadily according to the current situation, then Duan Xun is not afraid of running out of money to repay the loan.Even if you really don't have the money to repay the loan at that time, the big deal is to borrow money from other banks and plug the hole first.Now that I have such a large territory, don't I worry about running out of money?

"Governor Wang, you are responsible for this matter yourself. Borrow from the bank, and then issue public bonds. No matter what, you have to raise 1000 million within three months. In the name of the Southwest Frontier Defense Supervision Office, I will go to Yunnan, Guizhou, and Hunan Other places have also issued public bonds. The power plants, water plants, and roads I promised to them must be repaired, and there must be no delay. These problems must be resolved within two years at most.”

"General, our financial pressure will be even greater. We have already borrowed a lot from Japan, and then borrowed from banks, plus government bonds. The interest alone is not a small amount."

"I know."

Duan Xun nodded.

The current loan interest is beyond the imagination of banks in the 21st century.Such interest in the 21st century is illegal usury.After borrowing so much money, the interest alone will have to pay millions every year.But there is no way, poverty is the result.

In fact, this is the case now.

Since the Revolution of [-] and the founding of the Republic of China, successive governments have lived like this.Regardless of whether it is Yuan Shikai or Duan Qirui, their annual compensation plus loan interest makes the government breathless.So the government can only borrow money today and repay yesterday's loan.Then borrow money tomorrow and repay the loan today.In this way, the entire national economy is stuck there, and government agencies cannot operate at all without borrowing money from foreigners.

Relying on this approach alone, foreign powers have firmly grasped the lifeline of China's economy in their own hands.Because of the continuous borrowing, the Chinese government has mortgaged batch after batch of high-quality assets, and now they have mortgaged all that can be mortgaged, and even various taxes have been mortgaged.

"No agriculture is unstable, no work is not rich. If we want to develop in Sichuan and increase fiscal revenue, we must develop industries. Therefore, the money should be spent, and it is worthwhile. And as long as the law protection war is over, I think in a short time There will be no major military operations in the country, and military expenditures will naturally be reduced. At that time, we will sort out the three provinces of Sichuan, Yunnan and Guizhou, and the financial pressure will not be too great."

"Row."

Wang Yongjiang nodded.

Wang Yongjiang has been under a lot of pressure this year.After all, the army is fighting, and money is spent like water.Moreover, the construction of Sichuan cannot be delayed for a moment. The improvement of other education and government institutions all require money.

If Wang Yongjiang hadn't rectified Sichuan's finances in the past few years, the finances would have collapsed by this time.

"Governor Wang, then I will leave the matter to you."

"General, don't worry. Within three months, within three months, I will definitely raise tens of millions of funds for you."

158 Baoqing

Baoqing is a city that is high in the west and south and low in the east and north.Surrounded by water on three sides and surrounded by mountains in the south, Baoqing has been known as the "Iron-struck Baoqing Mansion" since ancient times, and it is a place that is easy to defend but difficult to attack.The most recent war in Baoqing was during the Taiping Heavenly Kingdom.Shi Dakai's [-] troops besieged Baoqing for two months, but failed to capture Baoqing.Baoqing, who is made of iron, is famous all over the world.It's really because Baoqing's location is very good.

Attacking the heart is the top, attacking the city is the bottom.

Sieges are often accompanied by huge casualties.

Although Baoqing changed hands several times after the outbreak of the Dharma Protection War, it seemed easy to win Baoqing.But Li Jishen was fully prepared.Give the troops enough time to use this time to pull up all the heavy weapons that can be pulled up, especially the cannons.

How can a siege be done without cannons.

On April 1918, 4, Li Jishen led Chen Fuchu's temporary Hunan Army division and seven other brigades, with a total of 5 troops, and began to besiege Baoqing.In Baoqing City, there are divisions and regiments of Tan Haoming's Guangxi faction, with nearly 4000 troops.In addition to Wang Wenhua's 1 troops of the Dharma Protector Guizhou Army and some disbanded Hunan Army troops, there are nearly 2 troops in the city.In terms of military strength, Li Jishen's advantage is not very obvious.

In addition, Li Jishen is on the offensive side, and Tan Haoming is on the defensive side.With the city of Baoqing, it can be said that Tan Haoming's side is not at a disadvantage.

So Li Jishen was very cautious.In addition to the seven brigades of one division on the front line, Li Jishen put the guard brigade, gendarmerie brigade, supply brigade, cavalry brigade, and student regiment of the First Army as reserves behind the main force.Always ready to support troops on the front lines.

It wasn't an onslaught to begin with either.

Need to explore.

Send out one or two regiments in each direction to test Baoqing's defense and see the loopholes in Baoqing's defense.After a short period of testing, Li Jishen found that Baoqing's defense was really good, and there were no loopholes in a short period of time.So after a few hours of probing, the full-scale attack began on the afternoon of April 4.Since the Taiping Heavenly Kingdom, Baoqing once again had such a big war.

More than 5 troops fought in Baoqing, with continuous artillery fire and gunfire.

And at the beginning of the Battle of Baoqing, Wu Peifu's actions were even faster.Wu Peifu had already come down from Xiangtan to Hengshan on March 3.After a little repair of the troops, Hengshan was occupied on March 30.After occupying Hengshan, Wu Peifu's vanguard, Wang Chengbin's Zhili No. 3 Mixed Brigade continued to move south.

Although the Hunan-Guangdong coalition forces made some resistance, they couldn't stop Wu Peifu from going south at all.Zhang Jingyao, who was in Changsha at this time, was very anxious and strictly ordered Wu Peifu to lead his troops back to defend Changsha.But Zhang Jingyao is nothing.

Wu Peifu can even go back to Duan Qirui's order, which ranking is Zhang Jingyao.Wu Peifu didn't like Zhang Jingyao at all.

Therefore, Wu Peifu ignored Zhang Jingyao.

Instead, they used all their troops and didn't even want Xiangtan.The army was overwhelmed and continued to walk south.Not only did Wu Peifu ignore Zhang Jingyao's telegram, but he also ignored the Hunan-Guangdong coalition forces that were gaining momentum.There is only one place in Wu Peifu's eyes, and that is Hengyang, the old home of the Hunan-Guangdong coalition forces.

Zhang Jingyao immediately cried to Duan Qirui.

Duan Qirui ordered Wu Peifu to flank the Hunan-Guangdong coalition forces.But Wu Peifu still did not obey Duan Qirui's order.

On April 4, Wu Peifu's troops had arrived in Hengyang.At this time, Hengyang had no troops at all, only the troops of the two regiments left behind.How can this little army be Wu Peifu's opponent.