All Heavens Pension started from the fiery era

Chapter 707 708. Father's Amazing Social Connections

Yue Wenxuan is Yue Hanzhang's biological son. Although he has not been involved in the family's social interactions due to his young age, he can still hear other people's comments about his father from their mouths.

Whether it is the evaluation of outsiders or my grandmother, they all particularly recognized my father's social skills. It is obvious that my father does have some special strengths in social aspects.

His father was particularly good at socializing, which was something Yue Wenxuan was particularly pleased with and willing to see. For him, it didn't matter whether his father had outstanding business ability or not, after all, with him at home, there would be no shortage of money.

But if a family only has money but does not have enough social influence, it is obviously not going to work. Although Yue Wenxuan himself has this ability, he does not want to put himself in a difficult position and flatter those who look down on him.

It just so happened that his father was very good at socializing and enjoyed it. In Yue Wenxuan's opinion, this was of course the best thing.

Yue Wenxuan's father is only in his thirties this year, and is in his prime. With the huge wealth provided by his son Yue Wenxuan as a support, he will be more comfortable in social situations.

Knowing that Yue Wenxuan would soon be able to earn a huge fortune of two hundred thousand oceans, and that he was filial, the old lady and Tan Bingzhen both accepted Yue Wenxuan's kindness and accepted the ten thousand oceans note.

Tan Bingzhen did not put the banknotes into her own pocket, but handed them to Yue Hanzhang, "Hanzhang, weren't you worried about buying shares in the bank some time ago? Now you have it."

Yue Hanzhang did not take it, but said awkwardly: "This is the household allowance given to you by Wenxuan, so you should keep it for yourself.

Within half a month to twenty days at most, Baicaotang will be able to sell all the medicinal herbs given by Master Wenxuan. From this item alone, Baicaotang will earn eighty to ninety thousand oceans.

Whether it is used to invest in a bank or for other purposes where money is needed, it will be enough. "

The old lady took the opportunity to suggest: “Now that the family has money, it’s time to renovate the ancestral home.

In recent years, the ancestral home has been repaired in its original state without any major renovation. It has become a bit unsightly. When guests come and see the dilapidated state of our ancestral home, they are laughed at.

Since we have some extra money, let's do some major renovations. This is the reputation of our Yue family, and we can't save this money."

Yue Hanzhang had already had this idea in mind, and since the old lady had brought it up, he agreed:
"It's all up to you, I will arrange this matter as soon as possible.

I estimate that with eight or nine thousand dollars, I should be able to renovate the ancestral home. It may take a little longer, as renovation is a delicate job and it will definitely not be completed in less than two months. "

The old lady said, "Slow work produces fine work. It doesn't matter if it takes a little longer, but the work must be done well. You need to find a reliable person to be responsible for this matter."

Speaking of spending money, Yue Wenxuan also took the opportunity to make a request: "Dad, our family is not short of money now, so let's buy a few cars for our family.

In the past, our family only had one car, which was extremely inadequate and not enough.

It doesn’t cost much to buy a car, so why not add three or five more, which will be enough for the whole family to go out together.”

"After all, he is rich now, and his tone of voice is different from before. He wants to buy three or five such expensive cars. Can you see how many families in Wuzhou have three or five cars?

If you spend money this way, I really don't feel comfortable leaving such a large sum of money in your hands."

Although Yue Hanzhang is considered a wealthy man, he has always been short of money and has developed a habit of being thrifty. For the time being, he is unable to keep up with Yue Wenxuan's consumption concepts.

Yue Wenxuan said patiently: "Father, our family is very different from before. We are about to join the ranks of wealthy merchants. You can't always look at things with the old perspective.

Even if you buy five cars at three thousand dollars each, it would only cost fifteen thousand dollars. As for other expenses, they can be ignored.

There is no point in keeping all this money in my hand, I can pay for it myself."

This time he was reborn not in the 1950s or 1960s, but in the Republic of China. He was born into a prominent family, so he had no scruples about spending money.

Before this, the family only had one car, which was basically occupied by his father. As a young master, his only means of transportation was a bicycle or a rickshaw.

Bicycles were standard equipment for young people in this era, and the price of a new bicycle was about 130 to 150 yuan. Several of Yue Wenxuan's classmates particularly liked to ride bicycles to go out, and the original body also had this hobby.

But Yue Wenxuan is a man who likes to enjoy life. Since he has money to buy a car, he certainly won't force himself to ride a bicycle.

Cars of this era were still very expensive. The cheapest car at this time was the "Pepe Austin", which was a small Austin caravan.

This small car is similar to the earliest Xiali and costs 1100 yuan.

When a wealthy businessman buys a car, in addition to the cost of the car, he also needs to carefully consider the cost of gasoline and hiring a driver.

At that time, the gasoline cost was 48 cents per gallon, and the monthly salary of the driver was generally 20 yuan. The labor cost in places like Wuzhou and Shanghai was relatively high. If it was an economically underdeveloped area, the cost of hiring a driver could be a few yuan lower.

A more expensive car was the Dodge sedan of the same period, which cost between sixteen and two thousand silver dollars.

For aristocratic families like the Yue family, the cars they ride in and out are a matter of face, so of course they have to buy the best. The price is relatively high, and the price of a new car is about 2,700 to 3,000 yuan.

Yue Wenxuan asked for three or five cars right away, and he was deliberately exaggerating his request. In this way, even if Yue Hanzhang, the head of the family, compromised on his request and bought two more cars, it would barely be enough.

Yue Hanzhang, the head of the family, still cares a lot about his reputation. Since the family has money, he certainly can't let his son pay for it himself. He thought for a while and said:
"We only have one car at home, which is not enough, but there is no need to buy too many. Buying three or five cars as you said would be a waste, and this is not the way to spend money.

It would be enough to add two at most, one of which is reserved for your use and the other is for mobility.

Your grandmother and your mother rarely go out, and your eldest sister rarely goes out either, so having one car as a mobility device is enough.”

Having achieved his goal, Yue Wenxuan immediately said obediently: "I will listen to my father. You are the one who thinks things through."

Tan Bingzhen continued the previous topic, "Han Zhang, I have always heard you talk about Chen Guangfu and his Magic City Commercial Savings Bank. After listening to you for so long, I think your judgment is very correct. This Magic City Commercial Savings Bank does have great potential.

Although the scale is still small, the shareholders who founded it have great influence in the political and business circles, and Chen Guangfu, the manager, is also very capable. It is precisely because the scale is still small that it is more valuable for investment. If the scale is large when it is just established, your friend may not remember you. "

The others didn't take Tan Bingzhen's words to heart, but it aroused Yue Wenxuan's interest.

"Mother, is this Chen Guangfu you are talking about the same Chen Guangfu who returned to China after studying at the Wharton School of the University of Pennsylvania?" Yue Wenxuan asked directly.

Tan Bingzhen only knew that this person had returned from studying in the United States, but she had no idea which school he graduated from. She only knew this information from what her husband told her.

Yue Hanzhang continued, "You are right. Chen Guangfu did graduate from Wharton Business School. Have you heard of him?"

"One of my teachers was a classmate of his and had great respect for him, saying that he was a rare talent in the financial industry in China. He once told us some interesting stories about Chen Guangfu.

It is said that he is now the general manager of the Magic City Commercial Savings Bank, which was established just last year. Under his management, this small bank has developed rapidly, and many people are optimistic about the future development of this bank. "

Yue Wenxuan had carefully studied the financial industry development data during the Republic of China period, especially the famous Shanghai Commercial Savings Bank, which he knew very well.

This bank was founded in 1915. It was very inconspicuous when it was first established and was ridiculed as the "little bank", "little devil's bank" and "people's bank".

It is said to be small because of its scale, with only 80,000 yuan of capital at the beginning; and the number of staff is also small, with only seven people from the general manager to ordinary employees.

However, in just ten years, this "small bank" has become on par with Zhejiang Industrial Bank and Zhejiang Industrial Bank, and has become one of the "Three Southern Banks" of the Jiangsu and Zhejiang consortium.

On the eve of the full-scale war of resistance against Japan, the bank's deposit amount once ranked first among private banks in the country. It also built a seven-story building at No. 50 Ningbo Road, Shanghai, and established 88 branches across the country.

A "small bank" quickly developed into the leader of the "Three Southern Banks", and this was inseparable from the contribution of one of the founders - Chen Guangfu.

Chen Guangfu, a native of Zhenjiang, Jiangsu, was born in 1881. He attended a private school in his early years and later became an apprentice in a customs brokerage firm. During this period, he studied English hard and later entered the Wharton School of the University of Pennsylvania.

After returning to China, Chen Guangfu joined the banking industry and served as general manager and supervisor of Jiangsu Bank.

In 1915, -year-old Chen Guangfu co-founded the Magic City Commercial Savings Bank with Zhuang Dezhi and others, and served as the general manager.

After confirming this information, Yue Wenxuan continued, "Father, can you tell me in detail about Chen Guangfu and the Magic City Commercial Savings Bank he founded? I am very interested in him and the bank he founded."

Yue Hanzhang has been hesitating for some time whether to invest in the Shanghai Commercial Bank. There are two reasons for his hesitation. First, his family is short of funds and it is difficult for him to withdraw 10,000 yuan. Second, he does not know much about the development of the banking industry and dare not invest easily.

Now that his son asked about this matter, he was happy to talk about it, and he also listened to what his son had to say. His son was still young, so Yue Hanzhang certainly would not listen to his son's opinions, but it was not a bad thing to have one more person to help analyze it.

Next, Yue Hanzhang recounted in detail the relevant situation he knew.

When the Magic City Commercial Savings Bank was first established, its share capital was only 80,000 yuan, of which Changzhou wealthy businessman Zhuang Dezhi invested 20,000 yuan and served as chairman, and Chen Guangfu himself invested 5,000 yuan and served as general manager.

Zhuang Dezhi is a very powerful person. He is the brother of Sheng Xuanhuai's concubine, Madam Zhuang.

Who was Sheng Xuanhuai? He was the richest man in China at that time. He had just passed away a few months ago. His estate was estimated to be more than 13 million taels of silver!

When his fourth daughter got married, the cash item on the dowry list amounted to one million silver dollars.

But once the bank opened, Chen Guangfu's friend, Zhang Gongquan, the head of the Bank of China's Shanghai branch at the time, deposited 70,000 yuan on behalf of the Bank of China. With the endorsement of the state-owned Bank of China, there was a certain degree of trust, and the subsequent business development was very rapid.

After a year of rapid development, the Magic City Commercial Savings Bank is preparing to increase its capital again, and the total share capital is expected to be expanded from 80,000 yuan to 200,000 silver dollars.

For this capital increase of the bank, a portion of the new shares have been confirmed.

Due to his personal friendship with Chen Guangfu, Kong Xiangxi contributed 10,000 yuan on behalf of the Father of the Nation.

Because of his personal relationship with Sheng Xuanhuai, Song Yaoru, the head of the Song family, was also prepared to invest 5,000 yuan.

Not to mention that the Magic City Commercial Savings Bank will have rapid development in the next 20 years, the investment returns that can be obtained in the future are extremely astonishing.

Even if this is a losing business, it is worth it as I can get to know several important shareholders of the bank through this investment.

At this time, the most influential shareholder of the bank is of course Chairman Zhuang Dezhi, but in the future, Kong Xiangxi will naturally have greater influence.

In the future, this bank will be able to develop into the leading private bank. In addition to the contribution of General Manager Chen Guangfu, it must also have a lot to do with Kong Xiangxi.

Song Yaoru is certainly not an ordinary person. He is the most powerful father-in-law in the Republic of China, and also the father-in-law of Kong Xiangxi. However, his life span is not long at this time, and his shares will be inherited by his son Song Ziwen in the future.

After listening to his father's story, Yue Wenxuan asked again: "Father, after hearing what you said, I think this Magic City Commercial Savings Bank has great investment value. What do you think?"

Yue Hanzhang thought for a moment and said, “I have always been optimistic about Chen Guangfu and the future development of the Magic City Commercial Savings Bank. If conditions permit, I would certainly like to invest.

But our family's financial situation was a bit tight before. After all, we just paid 10,000 yuan each to your eldest uncle and second uncle. If we take out another 10,000 yuan for investment, the family business might be difficult to run.

The situation is different now. In another half month or twenty days, Baicaotang will have an income of 80,000 to 90,000 oceans, so investment will naturally not be a problem.

I will contact Xiangxi in the next two days. I originally planned to invest 10,000 yuan, but now I have so much spare money, I plan to invest 20,000 yuan, which will give me exactly 10% of the shares, the same as Chairman Zhuang Dezhi's shares.

After all, I don’t know much about the banking industry. If I invest too little, I won’t have much say. If I have more shares, my words will carry more weight.”

"Father, you were able to invest in the Magic City Commercial Savings Bank. I thought it was a connection between you and some wealthy businessman in Wuzhou. Could it be that you know Kong Xiangxi?"

Yue Wenxuan didn't care how much his father wanted to invest. What he cared about was the relationship between his father and Kong Xiangxi.