Chapter 400 Annexation of Gansu (III)

"Hunan is bounded by Jiangxi in the east, Sichuan in the west, Guangdong in the south, and Hubei in the north. Whether it is geographical location, population, or private wealth, it is indeed much more attractive than Gansu. But first of all, there are too many people who are eyeing us, which makes us unable to start. Secondly, you are all confused by the surface of Gansu. Do you know that sometimes, what you see does not mean is true. Similarly, sometimes, if you don't have money in your pocket, it doesn't mean you really have no money!"

Li Han sighed, and outsiders couldn't understand why Li Han had money to develop the economy, was tax-free, was rich, built railways, developed heavy industries, and had money to fight foreign wars. To be honest, he is indeed rich now, but he really didn't have a penny, because the money he used was not his own money, but loans. And if he wanted to obtain these loans that he had to pay a high price, he not only needed him to overdraw his future, but also needed to support the war with war!

Yes, exchange for money for war!

This is probably an adjective that Li Han himself can find to summarize the current military government's rapid development of a strange model! Although it is not appropriate!

For example, Li Han now regards the beauty of Sichuan and Hubei construction. There are even newspapers in China who are working on construction like a large factory. As a role model for the Republic of China, it is like a large factory. However, only Li Han himself knows that the beauty of Sichuan and Hubei is piled up on one beautiful bubble after another, because all the construction of Sichuan and Hubei depends on loans from foreigners. So far, the foreign loans he has already had nearly 7.4 million pounds. Not to mention other things, these loans with an average annual interest of up to 6%, will be more than 7.84 million pounds added to the principal and interest he will pay next year. Don’t say that he can’t get the interest of up to 7.4 million pounds, even the interest of more than 400,000 pounds or about 4 million silver dollars that is extra. Because on the surface, the military government has no money now!

Yes, the military government has no money now. The salt taxes in Sichuan and Hubei provinces have been used as mortgages. Calculate the salt taxes in the two provinces from January to September this year, which is about a little higher than those in Lianghuai, about 7.4 million yuan. However, after deducting the salt taxes that the people have to pay, there is only more than three million yuan left, less than half of them. The fastest completed Wuye Railway will take from March to May next year, and within a short period of time after completion, the military government will only have the right to use the military transportation unless it is willing to spend four or five million to ***.

Buy back the operating rights. In addition, the Hubei Railway will not be completed until mid-year or even the end of the year. The previous one he expected to complete in one and a half years was indeed too overestimated the construction speed of this era. Even if the military government invested too much energy, it would take at least two and a half years to complete, it may take more than three years. However, between the complete completion of its construction, some sections of the road have been built and can be put into use in advance, but the operating rights are still in the hands of foreigners. Even after the railway is completed and put into use, he will not make any profit.

The Chengdu-Chongqing Railway has begun to rise, and Li Han underestimated the alertness of the people. They spent so much energy and had more than ten years of layout to overthrow the confidant enemy through the "violent revolution". Seeing that all provinces in China now have the intention of being unjust, the country did not lose their vigilance while sharpening their knives. Sichuan and Hubei were considered an independent alien in the Republic of China. Li Han was not afraid of foreigners, and had enough means to obtain funds and machinery support from foreigners. Now he is still building an industrial context in Sichuan and Hubei. Although the country is chaotic, there are still wise people to see it.

Once he was developed, and after the Sichuan-European industry was completed, it was the time when Li Han won the Central Plains. By then, once he gained the power of the central government, Li Han ordered the whole country to build industries, and with China's fertile land, rich products and cheap labor, this country with huge potential could not even take ten years to complete the road that was painstakingly completed for thirty years. Because of this, the Chengdu-Chongqing Railway was delayed without limit. The people neither said to build nor did they say they would not build, but they never paid a penny to the military government, resulting in the originally planned Chengdu-Chongqing Railway becoming an "unfinished project"!

Li Han actually hoped that the people would not build the Chengdu-Chongqing Railway. However, as soon as the railway stopped, the military government's plan to take money from the xiamen to fatten his own body was vain. Moreover, without the Chengdu-Chongqing Railway, the transportation in Sichuan Province could not be improved for a long time!

"Sir, Boyong doesn't understand!"

Chen Tianxiang suddenly made a sound, interrupting his trance.

Li Han was stunned for a moment and closed his thoughts that had already run far away.

"Simply put, Hunan is like an ingot of gold ingot, while Gansu is a little worse, but it is also a ingot of silver ingot. Now that these two ingots have fallen to the ground, which one do you think is more valuable?"

"Of course it's golden ingot!" Chen Tianxiang was a little stunned. How could the Grand Marshal ask such a question!

Li Han shook his head, "You are wrong!"

"ah?"

"Only those that can be put in my pocket are more valuable!"

This is an example that was often cited in management courses and economic issues in later generations, and Li Han also used it.

He seemed to feel a little hot, and he loosened the lead and continued: "Do you know that although this ingot of gold ingot fell around you, he found it falling like you, and there were still a few robbers who knew it worth. They all took a fancy to this ingot of gold ingot. If you want to get it, you must fight with these people. Even if you win, you may be injured, and you may even draw a lot of silver to buy medicine and recuperate. Maybe this ingot of gold ingot is not enough to pay for medical expenses! And the other ingot of silver ingot, although he is a little far away from you, everyone's attention is focused on the ingot around you. So far, you only see it yourself. Now, when you fight with those robbers to compete for the ingot that may not be able to compete for, you will not be able to get out of the matter, and before you can find the ingot, put it in your pocket while no one has found the ingot now!"

He smiled coldly, "You ask me how to be a fisherman like this, let me tell you. The owner of the gold ingot has discovered that his gold ingot has been lost, and he has found it now. We stand far away from the matter, so naturally there will be disputes. On the contrary, several robbers fight for each other, and they all think that the gold ingot is theirs, and they are even more unwilling to return it to the owner. The owner is very thin and can't beat several robbers, but fortunately, the few robbers are not the same. What do you think will happen in the end?"

Chen Tianxiang lowered his head and was silent for a long time before he suddenly realized his mind on his face.

"Either the stalemate will continue, attracting outsiders to watch, and eventually force the four robbers to withdraw with the pressure of public opinion from others; or a few people will fight to the point where both sides will be injured, and in the end, Jin Yuanbao is seized by others who are eyeing each other and leaving enough energy!"

"You finally reacted!" He nodded, "To put it bluntly, Hunan's affairs are not as simple as you imagined. I have seen many things about interests. No one will easily vomit out the things in his mouth. The power in Hunan Province is not small, but it is just too dispersed. Therefore, I think the situation in Hunan will not change much in a short period of time unless someone breaks the current provincial balance first! In other words, we have enough time to dispatch troops to Gansu to calm the war."

"Unlike Hunan, in fact, the only hostile forces we really need to face in Gansu Province is Ma Anliang. The Ma Fuxiang, one of the three horses in Hezhou, has been restrained now. If Gansu is more cautious, as long as our soldiers attack Lanzhou, he may even raise an army to support us. Let's not mention the other department. The military government has sent envoys to lobby, but there is no further information so far. The number of Han people in Gansu Province is far above Hui people. Ma Anliang can take the position of the Admiral of Gansu. In addition, he can only promote Hui generals in his headquarters to suppress Han officials. The people who are resentful in their hearts are the ones who are in office.

Many. Li Kuiyuan, the general of Hezhou Town, Chen Zhengkui, the general of Suzhou Town, Ma Wanfu, the general of Liangzhou Town, and Zhang Dingfang, the general of Xining Town, have all secretly sworn allegiance to me. At the same time, even Ma Anliang's confidant, "Guyuan Admiral Zhang Zhixing," had sent people to Qinzhou yesterday because of his Han identity. He said that he could secretly cooperate with me to attack Ma Anliang in the Gansu army. Humph, how can he defend the huge Gansu with less than 10,000 people under Ma Anliang's command? Gansu is already my belonging. Compared to Hunan, he is like the silver ingot, and he has been picked up by me and is about to put it in his pocket!"

"Look farther away, Boyong. Indeed, now Hunan and Gansu are like two ingots of ingots in front of me, but there are also unequal returns. The first-class income is that I take all the ingots by myself; the second-class income is that I take gold ingots and others take silver ingots; the last-class income is that I get silver ingots, and the gold ingots are obtained by others! Indeed, I can only get the final income by taking Gansu. However, what I want to tell you below involves other issues. If I get the silver ingots, I can turn it into a larger ingot of gold ingots!"

He smiled and looked at Chen Tianxiang, "You have been following me for so long. You should know that the military government's money comes from foreigners. Our current home business is made through loans. So... think about it more..."

He patted Chen Tianxiang on the shoulder. He knew that the young man could not understand it for a while, but he was not in a hurry. He walked a few steps to his work desk and searched for a long time to find a plan. "You can take a look at the newly drafted railway plan first, be careful not to leak it out for the time being!"

There are two new railway plans in this document, one is from Hanzhong, Shaanxi occupied by the military government to Qinzhou, Lanzhou, and finally to Xining, while the other is to lead another route from Lanzhou and arrive directly northwest to Jiayuguan. The construction time is expected to be 4 and a half years. If the speed is faster, you may be able to catch the last train of the First World War! This involves one of his plans related to the Soviet Union. For the time being, even he himself has only found a connection. It is expected that if the Lanxin Line can be realized in advance in advance, it will appear at least nearly thirty or forty years earlier than in history.

"But..."

After reading his railway plan, Chen Tianxiang frowned. Not only was he very curious about why Li Han was so anxious to build the railway, and why did he borrow money from foreigners so boldly. The Ministry of Finance has warned him more than once that the loans received by the military government have far exceeded the ability of Sichuan and Hubei provinces to repay. However, he himself was unwilling to listen to any advice on this issue, but instead actively contacted foreigners to prepare new loans. Chen Tianxiang really wanted to know where his confidence lies!

For example, the estimated cost of these two railways is more than 8 million pounds, which is about 90 million silver dollars. Where did he get his confidence!

Li Han naturally knew the following doubts, but how could he explain the conspiracy clearly to those subordinates who do not understand economics and the international trends!

At present, in addition to purchasing armed and machinery construction heavy industry enterprises, the remaining 70% of the funds have been invested in the construction of several railways. The reason why foreigners are so willing to lend him is that the annual interest rate he gave is higher than that of Yuan Shikai, but because he exchanged the future management rights of the unbuilt railway for the entire section. To put it simply, just like the real estate of the Republic in later generations, he borrowed land from banks, and after the land was enclosed, he hired a group of gunmen to design a blueprint with the designer, and then hired a group of experts to discuss how his residential areas, villa areas, commercial areas, etc. are built.

He, how to promote the traffic, and then deceived the deceived citizens to pay him to buy the property rights of the building he had not built. Finally, they collected the backups of the property rights of the citizens into reports, and proved to banks, usury, and various forces who wanted to get high returns. Finally, they set a price and sold the sales rights of the unbuilt buildings to those forces at this price, thus completing a cycle of reincarnation. After a cycle, if there is no problem, it means that another construction company that has made a fortune is born.

Li Han is playing this trick now. He is making a bet with foreigners in Sichuan and Hubei. What Li Han is suppressing is that he can definitely pay off all the high loans and interest that foreigners have invested on him within five years. After paying off, the railway will be his. The foreigners undoubtedly make a bet that he will give him all the railway management rights. Not to mention that within five years, even ten years or twenty years, there will be no enough money to pay off his debts. If this is calculated, the interest rate will be as high as 6% per year, and five years later.

The principal interest rate hike he had to pay was 1.33 times, and 1.79 times in ten years. By the beginning of 1914, when the last loan came to him, the total loans he and the foreigners would exceed the 450 million taels of silver from the Boxer Indemnity. The Boxer Indemnity ruled that from 1902 to 1940, the annual interest rate was 4 cents, and the total principal and interest needed to be repaid was 980 million taels! That was the high interest rate accumulated in thirty-nine years, but his loan was achieved in just eleven years!

Foreigners do not think that China is poor and ungrateful, let alone Li Han only occupied two provinces of Sichuan and Hubei. Therefore, after finally summing up the several countries that had collaborated with Li Han to borrow money, he concluded that in the end, Li Han would not be able to pay the money before the foreigners had obtained the longest management rights of the railway, which had expired for thirty years. Moreover, Li Han also promised them that they would never pay off their debts with loans from other countries. Then, in the end, they would only take a few years to get the principal from the high annual interest rate, and they could also obtain the "legal management rights" of these railways for decades or even forever. Why would they not do it!

Li Han knew the foreigners' calculations, but he also had his own calculations. This was the best era. His confidence came from the chaotic financial system of the Republic in later generations. Banks absorbed people's deposits at low interest rates, and then doubled them to institutions engaged in finance (wessenger companies). Then they were loaned to small and medium-sized enterprises with a minimum monthly interest rate of 1%. In the end, only 0.50% of the capital from the bank (this kind of loan that eats high interest rates is mainly for live interest deposits) was the most important.

The interest rate of 12.7% flows into the hands of small and medium-sized enterprises that need money. Li Han can now compare himself to small and medium-sized enterprises. After receiving this amount of funds in a year, small and medium-sized enterprises can create more than 30% of the benefits a year, so there is no pressure to repay the loan. Of course, he can also compare himself to a usury company that transferred from it and received 6% interest, but no matter where he invests in the corner of society, he can create more than 12.7% of the interest a year. This is Li Han's confidence.
Chapter completed!