Chapter 15 Chapter fifteen

A bigger wave came in more than ten days, and there were a lot of bad news in the newspapers every day. The market was extremely bad. Either the stock exchange that had just opened closed down, or that old bank closed down, and most of the hard-hitting banks were in danger. .The local news columns of the newspapers are full of horrible news about suicide, escape, and lawsuits: the former chairman of the Great China Bankruptcy was forced to kill by creditors; Arrested in Nanjing; the widow ruined his ancestral business, was ashamed to see his children and grandchildren, and died suddenly at the age of 67; the word "Wu Hu Ai Zai" often appeared in newspapers, and it became the most commonly used by the chief note-writers of the local newspapers in the winter of the ninth year of the Republic of China word...

It was at this time that the "New Far East" plunged from the dazzling peak into the fatal abyss, but no one thought that the direct cause of this was the collapse of Hu Quanzhen Tengda Day and Night Bank.Mr. Wang, a resident of the West Lake, said it really well at the beginning. Hu Quanzhen not only made the idea of ​​"New Far East" stock funds, but also used the money from "New Far East" to put high-interest short-term debts and engage in speculative business. The deposits in Tengda Day and Night Bank turned into a confusing account that no one could figure out.It was the end of the year, money was tight as usual, Hu Quanzhen lost the bottom line, and most of the money he pledged could not be recovered, even the 310,000 yuan in arms money for the Zhen Guojun.

This made a big mistake. The plainclothes of the Zhen Guojun secretly tied Hu Quanzhen from the concession and took him to the Zhen Guojun office. The important criminals wanted by the national army, all the stock transactions made are invalid, and the 820,000 military expenses embezzled by Xing, Tengda Day and Night Bank and "New Far East" Exchange must be responsible for returning the full amount, otherwise the consequences will be at your own risk!The proclamation also referred to "New Far East" as a mob group that defrauded the people's wealth and national currency, and called Mr. He a "decent scoundrel" by name.

Before Zhen Guojun’s statement was published in Huaguang Daily, the shares of “New Far East” had been affected by the bankruptcy trend and fell to 15 yuan per share. After the statement was published in the newspaper, it collapsed on the same day. In the afternoon, the market fell by more than 5 yuan, and the night market actually fell by 5 yuan. By the end of the night market, each share was only 1 yuan and 2 cents. This day has been called "Black Thursday" since then. Not only was it the "New Far East", but most of the stocks listed on the stock market also suffered a general crash.What followed was a financial and economic chaos of unprecedented scale.Accompanied by the shadow of "Black Thursday", in less than a week, various securities and futures exchanges and related banks and money houses went bankrupt.

The catastrophic storm finally swept over after clamoring several times.