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Breaking-News >> TodayHistory On October 8, 1910, Shanghai silver banks closed down one after another
115 years ago today, on October 8, 1910 (September 6, 1910 lunar calendar), Shanghai silver banks closed down one after another. Known as "Qianzhuang Street" in the early 20th century. On October 8, 1910, Shanghai Yuanfeng Runyin closed down, losing more than 20 million public and private silver. Shanghai was in a state of fear and unease. The General Chamber of Commerce called the Qing Military Aircraft Department, Du Branch, the Ministry of Agriculture and Industry, and the Governor of Liangjiang and the Governor of Jiangsu, asking the Bank of Qing and the Bank of Communications to quickly raise funds 5 million two, "in order to save the dangerous situation". Zhang Renjun, the Governor of Liangjiang, arrived in Shanghai and discussed with Chinese and foreign officials and businesspeople. Two foreign funds were borrowed, and 1 million were released by the Bank of Qing. On the 14th, the Qing court agreed to Zhang Renjun to borrow foreign money to make money, and to borrow and ship 500,000 of silver in stock. The collapse of the silver number is just one link in the chain reaction of Shanghai's financial crisis. On August 4th, Cai Naihuang, Shanghai Road, on behalf of various banks and foreign banks, borrowed 3.50 million two silver to maintain the Shanghai market. The interest rate is 4%, and it is paid every six months. On August 8th, Shanghai Road issued a notice. Tongyuan Bank, Zhaokang Bank and Qianyu Bank owe households, and from now until the 15th, all arrears will be repaid. "Anyone who lives in the city of Nanshi will go to the county office to pay; those who live in the concession will go to the public office to pay; those who live in Zhabei will go to the General Bureau of Patrol Police to pay." On the 13th, Yu Zhaotang, manager of Dingyu Bank, and Zhao Jiukang, deputy manager and running street, fled with the deposits and account books of Shili and Hardware. The next day, Xiefeng Zhuangshi Wang Huaitang escaped with foreign tickets 20,000 yuan due to a huge loss of money. On August 15th, Jinda, Huida, Xiefeng and other four banks closed down, and Shanghai Road Communication Managers Yuan Jingzhai, Chen Fangchuan, Xing Chengji, and Lian Shikun. After trial, bail awaits news. On the 17th, Yuanfeng, Xieyuan, and Jinyuan three banks closed down and owed more than 160,000 bills to Huabi Bank. Bi Consul General Xue Fuzhen wrote to Shanghai Dao, asking for assistance to Zhengyuan and other banks to deal with it, and agreed to borrow foreign money to maintain it. Shanghai Dao's reply pointed out that Yuanfeng and other banks "can only pursue it on their behalf and cannot be admitted." At the same time, the dispatcher told Yuanfeng and other banks to quickly try to clear the bill. On the 18th, the Dingsheng Bank collapsed, and the shareholder Yan Zhaocheng went to the Shanghai County Office to accuse the manager Wang Diaofu and the deputy manager Zhao Yangtian of trying to escape with the money, and asked for arrest and trial. The Shanghai County interrogated Wang and Zhao. On the same day, the Dingyu Bank was closed. The small information Warby Bank was a bank established by the General Bank of Belgium in 1902. It was headquartered in Brussels, Belgium. It established a branch in Shanghai in December of the same year. It was once one The Chinese headquarters once rented the East Hall on the ground floor of the Sassoon Building, adjacent to the ABN Amro Bank. After the founding of the People's Republic of China, Warby Bank was approved to operate a "designated bank" for foreign exchange, and represented the Bank of China in the purchase and sale of foreign exchange and foreign exchange business. It applied for closure in 1956 and officially closed in 1976. Warby Bank Building, address unknown. Judging from the architectural style, this building may be one of the early Bund buildings. When it was demolished, there is no information. Banknotes issued by Warby Bank that year. News raw data sources → https://www.abtool.cn/today_detail/1gsg.html 17WorldNews[2025.09.27-13:57] 访问:87
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