The bank's guys started issuing, and more and more Han merchants began to come in to withdraw money.

Occasionally, there were some Folang Ji people and Japanese who planned to deposit silver. Seeing that the situation here was a bit special, they also mixed in.

At this time, it was not the guy who could make the decision, so he hurried to the backstage to find the president.

When the president heard that more than a dozen Han merchants came, he was immediately shocked. When he learned that they were going to take out all the money, he was even more shocked.

You know, the treasury of Macau’s bank is only 270,000 taels of silver, which is the reserved funds.

This is already a lot of money.

Because of the vast majority of cases, such a huge reserve is enough to cope with the usual withdrawal situation.

As for the other money saved, this...

Not to mention, most of the savings need to be shipped to Melaka for storage, not to mention... these silvers cannot be stored for too long.

Because banks have another more important business, that is lending.

If you don’t borrow this savings, how can you make profits?

Do you really rely on this little storage fee?

Now, the amount that these dozen Han merchants have to withdraw is as high as 700,000 taels.

This number is already very terrible.

Even if you seek help from vaults in Melaka and other places, you may not be able to raise so much money immediately.

For banks, they are actually not worried about large-scale withdrawals, because in theory, no one will appear in the bank together and ask to exchange the money they deposit.

But now, such a thing happened.

The president immediately appeared in a panic, begging in Dutch, saying, "We don't have so much money, I think we need a little time."

The guy started translating his words.

But Wang Cheng said in a questioning attitude: "Why, we put the money here, but you can't take out the money. What's the reason? Could it be that you want to swallow our money?"

The president was anxious and explained: "We will try our best to raise funds."

Wang Cheng continued to ask: "When can I raise it?"

"This..." the president looked very hesitant.

Obviously, he could no longer guarantee that if it was more than 700,000 taels of silver, he might be able to find a way to retrieve gold and silver from branches in Luzon, Sumatra, Malacca and even India.

But the problem is that if someone withdraws cash silver here, what should I do if someone withdraws cash silver in other places?

As for the large amount of funds, they have actually been lent out in the form of purchasing government bonds and lending.

As the largest creditor, banks cannot ask the countries and individuals who have borrowed their money to repay the money in advance before the loan date has arrived.

And suddenly, I asked to collect so many debts, even if I collect debts, it would not be possible to turn over so quickly.

In fact, most of the early banks had never suffered a crisis and were very aggressive.

In addition, there is no supervision and later banks' rules on strictly limited reserve ratios, so almost all of these guys are adventurers in order to make huge profits.

And now... the first fatal run in the banking industry was born.

The president explained: "Sir, I suggest you...you can withdraw money later."

Wang Cheng said aggressively: "When is it later?"

The boss said with a tough bullet: "What do you think in three months?"

"My silver exists here, but you asked me to take it in three months? When I gave it to you, it was real money, and you also charged my storage fee. Why... are you going to make money?"

With a bang, Wang Cheng slapped the table.

The president was so scared that his face was pale. He kept explaining anxiously: "Please rest assured that the credibility of our bank has always been the best...we..."

“We want to withdraw money.”

In fact... if it is just some big customers who want to withdraw money, it is actually not fatal. At worst, banks can communicate with big customers or enter into a new withdrawal agreement.

But the problem is that there are too many people withdrawing money now, and banks don’t have time to negotiate one by one.

Faced with people who asked to withdraw money, the truly terrible thing... quietly kicked off.

Macau Street is a very small place, and what happened in the bank quickly spread like wildfire.

In theory, banks can save money while absorbing deposits while allowing the person who has previously deposited money, which can ensure that the money can be stored in different customers.

But as soon as the news came out, everyone who wanted to save money was discouraged.

On the contrary, many Flangers, the Netherlands, and Japanese merchants in Macau were shocked.

The bank can't withdraw the money.

I heard that all the people who come to withdraw money today cannot withdraw the money.

This is the property of many people. How many people have blood and sweated? Many people have saved real money here. If they can't withdraw it now, it means... their own money is unsafe.

The next day, Han merchants still came, but today it was not just Han merchants. There were long queues outside the bank, and countless people were waving their deposit slips.

Today, the bank is closed, and there is nothing they can do about it. They have to close the door because as soon as the door opens, the crowds of people outside will squeeze the bank out.

There are people asking for withdrawals everywhere, and every depositor is panicked and hopes to quickly withdraw his money.

This is hard-earned money.

How many people came here, traveling thousands of miles to earn these property.

Not only the merchants, but even the docks that were accumulated here locally, but also the blacksmiths on the street also came waving their documents.

People surrounded the bank and everyone cursed: "Scammer..."

The president hid in the bank and was already trembling with fear. He held a quill and wrote a letter with his trembling hands, asking for help from all those who could help.

In fact...

No one can save him anymore.

Because soon, the same situation began to occur in the entire Far East's Netherlands Bank a few days later.

Some people could not withdraw their money from Macau, so they took the deposit slip and took the fast ship to nearby Lusong, Xiao Liuqiu, and the Japanese island, and even to the Malacca Netherlands Bank to get the money farther away.

Suddenly, a large number of silver withdrawers appeared in banks everywhere.

At first, everyone didn't care, until the rumors came out that the banks in the Netherlands might go bankrupt, and the banks in Macau had already gone bankrupt and could not withdraw the money.

At this moment... As soon as the news came out, everyone rushed to hear the news.

Almost every place is crowded with people coming to withdraw money.

Xiao Liuqiu...

The withdrawal broke through the threshold of the Netherlands Bank until Xiao Liuqiu's vault was in a hurry, but Xiao Liuqiu's Netherlands Bank had no deposit business for several days, and the funds were increasingly exhausted under the rapid withdrawal of countless withdrawals.

And in the end, another bank closed down.

Banks after bank are like a plague, not only are the vaults empty, but their credit is also in danger.

Those who did not receive the payment were crazy and even began to make extreme actions.

A bank employee was beaten to death.

Xiao Liuqiu's bank president was also seriously injured.

Faced with countless roars, the local order was simply impossible to maintain.

This also made the merchants who needed funds start to panic.

Some merchants originally placed gold and silver in the bank. If they were doing bulk transactions, they did not have to repay gold and silver with the other merchants, but directly traded with deposit slips, and the other party was willing to agree.

And now, these deposit slips have become waste paper.

The transaction had to be suspended.

There are also many merchants who have to borrow money from banks due to production needs, but now... the bank itself is difficult to guarantee, so where can I lend you money?

So... in the trading points run by the Dutch people in Xiaoliuqiu, many merchants also began to go bankrupt.

They thought that the bank could not withdraw money and they did not have enough cash, which means that they had no way to buy raw materials and could not take out real money to hire workers.

This plague-like banking crisis began to spread rapidly in all walks of life.

People have tragically discovered that the destructive power brought by this bank, known as Europe's largest bank, was enough to make countless people lose their money.

The policing began to become chaotic, the unemployed began to drink alcohol and attacked the businessmen in a crazy way.

The businessmen are in jeopardy due to the broken capital chain.

They were looking for banks, but the banks could no longer attract deposits, but countless people came to withdraw money, but their funds had already been loaned out.

Some of these loans will take one or two years to repay.

You go to find a borrower. Who is willing to repay the loan in advance at this dangerous time?

Whether it is Macau, Little Liuqiu, Luzon, Malacca, Sumatra, or Japan, which has direct trade relations with the Netherlands, a huge crisis has begun to brew.

Of course, the envoys of the Netherlands were invited to Tianjin Wei, and then they rode horses and rushed to the capital of the Ming Dynasty without stopping.

Before this, many missionaries had visited the Ming Dynasty, so they also had some superficial understanding of the Ming Dynasty.

At this time, the Netherlands missions led by Weimarang, the director of the East India Company and the governor of Xiao Liuqiu, seemed extremely excited.

They felt that they had embarked on land of gold and silver, and their use of gunships here should have scared the Ming Dynasty. Once they could sign an agreement, even if it was just like the Indians, they could obtain a huge profit of hundreds or thousands of times.

They were first arranged in the Ministry of Rites, and then they began a long wait.

Of course... they were not in a hurry, because good things were a lot of trouble, and the capital of the Ming Dynasty was particularly prosperous, which also made them realize that their choice to come here was correct, especially in Xinxian, which was even more eye-opening.

The size of the city here is more than ten times larger than that of the European cities, which is enough to make people linger.

…………
Chapter completed!