Dreaming back to 1949, the great powers were there to deceive us
Chapter 107 Jardine Matheson's Three Axes
At the Chinachem Hotel, more than a dozen representatives from factories including Xinzhong and Puxi Iron and Steel surrounded Wang Mo.
"Manager Wang, TA Insurance will not be able to use banknotes to pay for the goods later!"
Wang Mo looked at them coldly and shouted,
"What do you mean? Aren't banknotes money? Aren't your raw materials purchased with banknotes?"
Wang Mo was both surprised and happy.
He was shocked by the plummeting value of his properties, resulting in a huge loss! He was happy because he had followed Hu Zhenhua's advice and stockpiled tens of thousands of tons of iron ore, so he probably wouldn't have to pay that much!
Zou Du, the manager of Xinzhong Machinery Factory, immediately retorted,
"Times have changed. When we were purchasing raw materials, banknotes were money, but now they are just paper!"
"What if I insist that you accept banknotes?"
Wen Youyou was furious and shouted,
"Manager Wang, if this is the case, we have no choice but to terminate the contract. Also, the order was placed by Chairman Hu, so you'd better discuss it with him before making a decision!"
After saying that, he left angrily!
Who is afraid of whom? Puxi Iron and Steel has plenty of raw materials anyway. Even if I lose your order, I can still do other things.
Everyone was equally confident.
Strictly speaking, the plunge in banknotes is a good thing for them, because everyone can purchase a batch of banknotes at a very low cost and repay the bank's loans.
Wang Mo looked at the crowd that was dispersing and shouted,
"If you leave, don't even think about coming back!"
He has millions of banknotes in his hands. If he doesn't find someone to take over, will he just let them rot?
Assistant Wang saw that everyone was serious and quickly stopped them.
"Everyone, calm down. Everything can be negotiated. Even if you don't accept all the banknotes, at least accept some. Right now, the capital flow in the entire Magic City is not smooth, and we must consider the current situation!"
Everyone, you look at me, I look at you.
After all, they are big money sponsors. As long as it is not too excessive, they would rather grit their teeth and suffer a little loss.
Wang Mo also smiled and said lightly,
"Everyone, my attitude just now was not good, please don't mind."
……
In the Huamao Telecommunications Room, Guo Dachong received Hu Zhenhua's telegram and cried with joy.
There are only a few numbers on it: Smash Jardine Matheson! Then rush to buy banknotes and real estate!
Guo Dachong suddenly came to his senses and understood Hu Zhenhua's intention.
The current price of banknotes is only 80% or 90% off, but the panic will only really begin if one foreign company is brought down.
By then, even if the price is only 10% or 20% off, there will still be people rushing to sell it!
As for real estate, there is no need to mention it!
Old Guo is now able to understand everything and feels relaxed all over.
He burned the telegram to ashes and strode away.
Zhao Zhi had already smelled the scent and grabbed Lao Guo's arm.
"Brother Guo, is it Huazi's telegram?"
Guo Dachong looked at him with a half-smile.
“How come you see?”
"Because you smiled!"
Guo Dachong stopped and said slowly,
"There are two options before you now. First, hold on until housing prices rebound. Second, abandon your home and wait for prices to fall to a certain level before buying it back!"
Zhao Zhi couldn't make up his mind and asked,
"Brother Guo, what do you think I should do?"
"Are you willing to listen to me this time?"
"Listen! Absolutely listen!"
"Then just bear it. If you're worried about others causing trouble for you, go hide in Chongming for two days!"
After a brief moment of thought, Zhao Zhi immediately ran away, leaving only his voice still echoing in the corridor.
"Brother Guo, see you later!"
Outside Jardine Matheson, there was a huge crowd of citizens queuing up to withdraw money.
Just now, the number of people running on the bank almost doubled.
Jardines did not intervene in the crowded and chaotic situation in the hall because the more crowded it was, the slower the business would be processed.
In the office on the second floor, Thomson's face was as gloomy as water.
On the side, countless staff members were desperately making phone calls, selling assets and raising funds, but with little success!
Suddenly, a manager rushed in and reported to Thomson,
"Sir, the treasury is running low on funds. I'm afraid it won't last two hours!"
Thomson's face trembled violently. After a long while, he took a deep breath and shouted,
"Didn't we just borrow 20 yuan from Huaqi an hour ago?"
"All the withdrawals were large amounts, mostly one thousand or two thousand, but there were also quite a few three hundred or five hundred!"
Thomson's face became even uglier. He pushed open the office door and looked down the stairs.
The tellers were already very slow. In order to delay time, they counted the silver dollars over and over again. It often took more than half an hour to process one order!
The person who was withdrawing money couldn't wait any longer and kept yelling,
"Hurry up, hurry up!"
After observing for a while, Thomson suddenly discovered that people who withdrew money gathered together, gathered the banknotes to one person, and exchanged them for silver dollars and foreign currencies!
Banknotes are bearer, so there is nothing wrong with people doing this!
Thomson felt dizzy and almost fell down.
"Quick, call the other foreign banks and borrow some more funds. We must hold on until closing time tonight! Also, call Hong Kong Jardine Matheson and ask for support! Ask them to airlift the cash over!"
The assistant received the instruction and went to handle it immediately!
Ten minutes later, the assistant came back happily to report
"Morris has loaned us another 100,000 taels, and other foreign banks have also contributed. The total is no less than 200,000!"
Thomson then smiled slightly.
"Mr. Morris is truly a man of integrity. Once this crisis is over, I will definitely thank him!"
Thomson suddenly remembered something and shouted,
"No, I'm going to call him now to thank him!"
Outside Jardine Matheson, someone couldn't wait any longer and raised the banknotes in his hand, shouting,
"I need money urgently. I'm offering 20% off bank notes. 20% off! Anyone want them?"
Seeing that no one bought it, he roared even louder.
His voice was so loud that even Thomson on the second floor heard it.
The latter immediately walked to the balcony, opened the blinds and observed carefully!
"Maybe, this is an opportunity!"
Thomson called in his assistant and made some arrangements.
Ten minutes later, another citizen who was queuing outside raised the banknote in his hand and shouted,
"50% off! I only want 50% off. If anyone wants it, let's trade right away!"
Countless citizens stared at him.
"Young man, are you crazy? A 50% discount, doesn't that mean you'll lose half of your money?"
"That's better than not getting a penny back!"
The crowd suddenly became panicked, with shouts and curses rising one after another.
"40% off, do you want it?"
At this time, someone finally responded.
"Young man, I want it at 20% off!"
The young man's face was filled with anger and he shouted,
"Why didn't you just go and grab it? He was about to fall to his knees, and you still wanted to chop his ankle! Don't be so cruel!"
"If you don't want to sell it, we won't force you!"
Everyone started to talk and persuade,
"Young man, don't sell it! It's just a little longer waiting in line at the bank, no big deal!"
The young man's attitude wavered, his face turning blue and purple. After a while, he decided to bear the pain and cut his flesh.
"Okay, I'll sell it to you and I'll pay you a lot of cash!"
The first transaction often serves as a bellwether. An elderly man grabbed the young man selling banknotes and asked,
"Young man, do you have any inside information?"
The young man quickly shook his head and ran away very fast!
This scene made everyone think wildly.
A moment later, another young man raised the banknote in his hand.
"30% off, 30% off, anyone want it?"
The old man panicked a little, squeezed over and grabbed his arm.
"Why are you selling it, young man?"
"Uncle, I need money urgently. It's not that there's any problem with Jardine Matheson, please don't think too much!"
To others, this sentence is like trying to cover up the truth.
The young man shouted again,
"70% off, 70% off, huge sale with huge losses!"
After a few minutes, he saw that no one agreed, so he shouted,
"Damn it, it's dead. It's half price. If no one wants it, I'll burn it!"
Finally, that familiar voice sounded again.
"I want it at 20% off!"
After the two men made the deal, the old man squeezed next to the middle-aged man and asked,
"Brother, why are you accepting bank notes? Is there nothing wrong with Jardine Matheson?"
The middle-aged man laughed.
"Who knows? Just collect some, just in case the banknotes become popular again!"
In the next half hour, more than a dozen people sold banknotes at a 20% discount.
Everyone started panicking when they saw more and more people were selling their shares!
……
On the second floor, Thomson looked at the gradually decreasing crowd outside the bank, a smile on his face. In just half an hour, Jardine Matheson had recovered at least 500,000 banknotes, greatly reducing the pressure.
The rest of the people are die-hards who refuse to sell even if they cry their hearts out!
Thomson looked at the wailing crowd, in a good mood, and muttered: I am such a genius!
After a moment, he gave an order to the back and shouted,
"It's time to take the next step!"
Across from the Jardine House, Guo Dachong finally realized something was wrong. He slammed the table and shouted,
"What a great way to bargain down and buy things!"
Just as I was feeling emotional, six trucks drove over from a distance. Judging from the condition of their tires, they were carrying heavy cargo!
Because the tire was a little flat, the car was shaking and could burst at any time!
The building security guard saw the convoy and shouted,
"Everyone make way! The silver box is coming! The silver box is coming!"
They lined up and used a human wall to squeeze out a path for trucks to pass.
The area in front of the building suddenly became quiet. People stared at the truck, trying to see through the wooden box whether there was any money inside!
The security captain held a rifle and shouted,
"Raise the gun!"
More than a dozen armed security guards occupied the high ground to deter any wrongdoing!
The security captain picked up a paper trumpet and shouted loudly,
"While the silver boxes are being unloaded, no one is allowed to approach, or we will shoot them!"
After he gave repeated warnings, the movers began to unload the truck.
Each truck carried more than 100 silver boxes, and each box weighed more than 4000 kilograms and contained about silver dollars!
It was very difficult for two people to lift such a heavy box.
Suddenly, one of the porters slipped and the heavy silver box fell off the truck and fell heavily to the ground. The wooden box could not bear the weight and cracked, and the white silver dollars were scattered all over the ground!
The security captain was shocked and shouted,
"Don't move! Don't move!"
He quickly organized people to gather up the scattered silver dollars to prevent everyone from snatching them!
This pile of silver greatly enhanced people's confidence in Jardine Matheson.
The citizens, who were originally heartbroken, were very glad that they had persisted. If they had sold the banknotes at a 50% discount, they would have lost a lot of money.
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