In sharp contrast to the previous bleakness, trepidation and pessimism, when Cen Chunxuan returned to Beijing for the second time, the railway station was decorated with lights and crowds of people. People who liked to watch the fun rushed over to see the style of "official slaughter". After the fall of Sheng Xuanhuai Corruption Group, Cen Qingtian's reputation had already been heard from all over the country. Not only did public opinion praise this "anti-corruption fighter", but the Qingliu in Beijing also praised the clean government. When it comes to the name of "official slaughter", all the corrupt officials in the capital were frightened, fearing that their next target would be themselves.

Of course, the timing was very good. If it were earlier, when Wang Zhaoming and others were going to practice the revolution with bombs, they would have welcomed Cen Chunxuan in such a scene, and there would be no shrapnel flying and bloody consequences. Now that Wang, Huang and others have surrendered, the revolutionary party organizations in the Jingji and Zhili areas have also been seized, and the security coefficient has been greatly improved. In addition, the large number of police officers from the Ministry of Civil Affairs have made the railway station foolproof.

Looking at the attentiveness of the people who were welcomed by the streets and the officials, Cen Chun, who was used to the dragon's head but not the tail, did not stop for a minute. The sedan chair passed by, and even the interview that had been arranged by the Empire Daily was rejected by him. The maverick imperial envoy only said: "If you think that the official is illegal, please write to Cen, and I will fight tigers and sweep flies. I will definitely give the people a bright world!" A look of taking all sizes! Some people's faces changed.

In the Hall of Yangxin, Cen Chun was summoned by Lin Guangyu alone.

"Report to the emperor that I am fortunate to fulfill my mission and found that Sheng Xuan's 7 serious crimes are here."

"I have worked hard for you from afar. This time I have made great contributions. I have made great contributions in the capital and public opinion. The people have praised him for complimenting you with Bao Gong."

Cen Chunxuan was frightened and frightened: "This is a false praise to the minister. What kind of virtue can I do? If it weren't for the emperor's thunderous means and far-sightedness, the criminal might still be at large at this time, and the China Merchants Group could not have laid the overall situation so easily. All things are only the emperor's wise and the minister is just doing the job according to the order."

Everyone loves to listen to flattery, and Lin Guangyu is no exception. He immediately laughed: "You are too modest, how to arrange everything in the south?"

"Sheng Xuanhuai's family property totaled more than 15 million taels, and he.} has commissioned the Shanghai Pawnshop and the Interbank Association to estimate the price. If the auction is in the future, it is expected to obtain at least 700,000 taels of silver; Sheng's 110 taels of shares in China Merchants have been state-owned, and after the recruitment of commercial shares of China Merchants will be completed, it will become a new company shares with the original official shares; Sheng has another 65% of the shares of the new yarn mill, which is nominally purely a commercial office, but in fact the factory was originally Huasheng Textile Factory. It was a factory run by Li Hongzhang after the Shanghai Machine Weaving Layout was burned down by fire. The capital was 200 million taels, 64,000 yarn machines and 750 yarn machines. When Sheng Ren supervised, he used the excuse of losses to commercial offices. In fact, he turned public to private. He paid a total of more than 200,000 taels of silver, but he owned 65% of the shares. It is possible. + What is the ability..."

Cen Chunxuan said the same thing, and Lin Guangyu looked at it in the memorial, and it was indeed vivid in his mind. Sheng Xuanhuai was a typical expert in eroding state-owned assets. The Westernization School used a large amount of official funds and worked hard to handle the civil enterprises under its operation, all of them became black holes with losses. However, as long as one business office and Sheng had actual control, these factories that had lost a lot of losses last year miraculously turned losses into profits. Sheng Xuanhuai was indeed worthy of the name of turning stones into gold. Who knew that he had been deliberately trying to turn it into losses in order to erode official property? The new yarn mill is not an isolated case.

"What are these stock ministers going to do with it?"

"I think it is better to take it back to the state and still be the official office or the official supervision of the commercial office. However, the supervisor must be cautious. Otherwise, if a Sheng Xuanhuai goes to another person, Li Xuanhuai and Zhang Xuanhuai come again, it is still a move to change the soup but not the medicine."

"It's reasonable." Lin Guangyu nodded, "But I think we should still look for the reasons from the mechanism. There are many problems with official business. Over the past 30 years, official enterprises have consumed a large amount of silver and suffered losses. How can we realize the original intention of strengthening the country and enriching the people? The reason is that on the one hand, although the business people do not understand the law, and the officials who supervise the business do not understand business wars. On the other hand, it is also undeniable that there are too many people in official business. People who are overly frivolous in business are caused by redundant staff, and they cannot make decisions because of mixed words. Too many bureaucrats, there are too many people who extend their hands. Everyone regards official property as Tang Seng's flesh, and wants to bite it desperately, or even make a case or a case. How can there be no loss? If the supervisor is still the key point, this time the personnel may be effective. Next,

He is also an incompetent person, and he places the success or failure of an official enterprise on the dangers of one or two people. Therefore, I think that the fewer official enterprises, the better, especially the civil industry, which has little to do with national economy and people's livelihood, so try to achieve commercial operation as much as possible."

"The emperor is wise. Except for Sheng Xuanhuai, all corrupt officials in the investigation and investigation of the China Merchants Association are full of energy. The reason is nothing more than the embezzlement of official property. If it is changed to a commercial office, the common people will definitely be very careful about their wealth. The person in charge is under the eyes of the merchants, and it may be difficult to embezzle them."

"So you must have a commercial office. This new yarn mill can be sold to Zhang or Rong brothers and let them run it." Lin Guangyu laughed, "I just need to collect taxes and dividends."

—

"I have investigated the official funds of the two bureaus and are ready to order them to be returned. In order to prevent the run, I plan to recruit some commercial shares."

"Tongshang Bank is not undesirable, but it must be vigorously established. In the future, the Qing Dynasty Bank will be the central bank of the country, and will only undertake currency, treasury bond issuance tasks and the national fiscal general database. It will manage other banks and no longer operate deposit and loan business. Now the Bank of Communications is in a prosperous position, and the Bank of Communications cannot lag behind."

"What should I do when Hanyang Iron Factory?" Cen Chunxuan scratched his scalp. "Once the iron factory is involved in Xiangshuai, the commercial office will refute his face; secondly, the stall is too big, and it is difficult to want to do commercial office; thirdly, the iron factory products have the intention of military use, and the commercial office may be dangerous."

"Did the investigation be successful this time?"

"It's not going well. Hubei hummed and refused to take out some materials. Chen Kuilong spoke hesitantly and didn't like it very much. Of course, I also understood that this matter was not good on Xiangshuai's face. So I didn't talk much, and I just left a few auditors in the branch to audit where I went to the Investment and Merchants Bureau to do the job. As a result, the matter of the Investment and Merchants Bureau has been settled now, and there is no last accurate message in the Iron Factory. It's really..."

"I have other arrangements for the iron factory. The official office cannot be handled. The commercial office may not be handled. It is better to contract."

"I dare to ask the emperor, what is contracting?" Lin Guangyu has many new terms, and Cen Chunxuan often asks for advice on what he doesn't understand.

"The so-called contracting means giving the business power to a group of people, whose leader will issue an order, sign and seal it, and granting it full power. The government will not interfere. It means how much product completed this year and how much profit it is. Any money completed will be paid according to the silver stipulated in the warrant. If it fails, it will be replaced or reduced."

"What if it exceeds?"

"It's better to exceed it. For the part that exceeds it, a ratio of 55 cents or 37 cents will be agreed to give the contractor a sweet spot. For example, tenant farmers rent land. If they work hard for a year, the harvest will naturally be rich, and the remaining part will also increase; if they are lazy, not only can't pay the rent, they may also be hungry..."

"It's really wonderful." Cen Chun understood this metaphor immediately. The king and his ministers talked about it for a few more times, and the topic was drawn to the rubber stocks.

"Your Majesty, I accidentally discovered something when I went south this time. Shanghai rubber stock speculation is extremely popular, and the people are almost crazy. Regardless of the good and bad, they just buy the stocks of foreign companies with famous names. A large number of silver are in the hands of foreigners. Among them, the most typical example is the Langezhi Breeding Company. It is said that more than 10 million yuan has been issued in Shanghai. Two of them are/. The two of them are secretly investigated."

Lin Guangyu originally thought Cen Chunxuan wanted to talk to him about the relaxed topics such as how the scenery in the south was like, but suddenly he heard him pulling up the rubber stock storm, and his face changed. Before Cen Chunxuan could remember Lin Guangyu, this statement immediately evoked the memory in his mind. This 1908-year financial storm almost destroyed the entire Shanghai financial system and interrupted the continuous rise of China's national economy since 1903.

Seeing the emperor's face wrong, Cen Chunxuan was a little nervous. Did he stretch his hands too long? The telegram made it clear that he asked him to inquire about the Yongping Rebellion. Now when he mentioned this, was he rejecting the emperor?

"No, this is a scam, a complete scam. I was once guided by gods and people, saying that there will be a financial storm in the south and foreign devils..." Lin Guangyu briefly told the result, which made Cen Chunxuan look like a mortal face. This storm swept away nearly 6,000 taels of silver in China, causing more than 90% of the money houses and tickets in Shanghai to go bankrupt, and its destructive power is extraordinary.
Chapter completed!