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Sheng Xuanhuai framed Hu Xueyan for bankruptcy. Why did it almost crash and burn?
According to many people, in the political situation in the late Qing Dynasty, Sheng Xuanhuai became a powerful person by relying on the financial resources of the telegraph system. Conversely, during the period of 1882- 1883, he was also a shopping mall predator who could threaten Hu Xueyan. The opposite is true.
Until July 1875, Sheng Xuanhuai, who is famous for his westernization, opened an official and commercial enterprise in Guangji, Hubei Province, named "Guangji Official Coal Plant", which was a project that Li Hongzhang had high hopes for, because China Merchants gained a lot from using steam boats, and coal, the grain of steam engines, should naturally become a new source of income. Domestic coal should eventually crush imported coal.
The reason is very simple, that is, the government can "eat alone", and Li Hongzhang approved it, but made it clear that the 300,000 strings of "official books" sent to Sheng Xuanhuai were only loans, and they must be returned regardless of profit or loss.
Because he doesn't know the origin of coal, mechanical coal mining can't play at all. From "Guangjiguan Coal Plant" to "General Bureau of Mining Hubei Coal and Iron", Sheng Xuanhuai's capital is losing less and less, but its stall is getting bigger and bigger. Especially after the discovery of Daye Iron Mine, Sheng Xuanhuai applied to Li Hongzhang for "allocating 15,200 yuan per year" from the budgets of Shanghai Machinery Bureau and Tianjin Machinery Bureau, but was rebuffed.
On July 1879, Hubei Coal and Iron Mining Bureau was revoked and replaced by Jingmen Mining Bureau, which was officially run and did not want the IPO to continue smoothly.
Sheng Xuanhuai simply became a bachelor-buying coal from a local small coal mine and using its tax-free advantage to "brand" and sell it.
188 1, local officials in Hubei were furious. Li Zeng, governor of Huguang, wrote to his younger brother Li Hongzhang, denouncing Sheng Xuanhuai's mining as "damaging the national tax and endangering people's livelihood". For this reason, Li Hongzhang denounced Sheng Xuanhuai in his private letter: "The previous operation of Wuxue Coal Mine has been ineffective, but it has lost its official position ... how good it is to talk big!" ?
Please note that this time is already 188 1 year, which is the year when Hu Xueyan began to buy and hoard raw silk. Sheng Xuanhuai's westernization achievement was nothing more than abolishing an enterprise and losing142,000 strings of copper coins. Most importantly, he put his money in a bank in Hu Xueyan and opened a ten-year time deposit, hoping to save enough interest to pay off his debts.
Translated, the ten-year interest is exactly three hundred thousand strings of official money returned to Li Hongzhang. Unexpectedly, Hu Xueyan and Liu Yichen paid their debts, that is, they went bankrupt. They both lost more than 65,438+10,000 yuan in capital, that is, they paid him 40,000 strings of money, and the fact that they let him use copper instead of silver, so they lost another sum, thus "losing everything".
The most wonderful thing is the word "trust", a schemer who tried to bring down Hu Xueyan and finally destroyed himself. Isn't it wonderful?
At this time, it is a good time for the facts to recover the public funds owed by Hu Xueyan. Because of bankruptcy, wouldn't it be over to hang all the debts on him? As a result, Li Hongzhang refused to do it and insisted that his right-hand man pay for it himself. The accounts that could have been erased in Hu Xueyan Bank had to be backed by Sheng Xuanhuai himself.
This is a private equity fund, which was mentioned in the last article. 1July 6, 883, Zuo named Sheng Xuanhuai to handle the Yangtze River telegraph waterline as soon as possible, and all relevant materials and funds were transferred from the bank in Hu Xueyan. After bankruptcy, Hu said, "I owe Jianghan and Liangjiang more than 786,800 yuan for arms, wires (telegraph wires) and soft seedlings."
In other words, another public fund involving the future and destiny of Sheng Xuanhuai was also smashed in the bank of Hu Xueyan. The above historical facts seem like farce, but they are real facts in history. Imagine if Sheng Xuanhuai, at the behest of Li Hongzhang, deliberately framed Hu Xueyan for bankruptcy, but in the end he got himself into debt, lost public funds, and his business could not be carried out. Is he really a fool?
Suppose it's not too much to take 10 thousand steps back and say take out your savings and change places, right? It happened that he plunged into it and wanted to die together. Isn't this a joke? So, the truth of the matter is, without Sheng Xuanhuai's conspiracy against Hu Xueyan, the development behind him was unexpected.
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