Chapter 882 Conspiracy

The turmoil in the stock market soon spread to the whole society.

Before the curtain opened, capitalists artificially created a booming market in order to transfer losses, which is no longer needed.

After the window paper was punctured, the layoffs of corporate layoffs and the reduction of production. The economic crisis has not yet begun, and the wave of unemployment has come first.

The news that was originally covered up does not need to be hidden and pinched now. At this time, everyone suddenly realized that the so-called benefits are completely fabricated out of thin air.

The so-called purchase order does exist, but the contract is not signed by the Russian government or the British government, but by a newly established leather bag company.

Since it is a leather bag company, it naturally cannot represent the government's position. The so-called entrusted procurement is even more fake and can no longer be faked.

Frankly speaking, this game is not very clever. Perhaps in other countries, the government may entrust the company to purchase, but it is absolutely impossible in the Russian Empire.

The tsarist government has the most persevering bureaucracy. How can such hard work be outsourced?

It claims to be the cleanest procurement department in the Russian Empire, and it absolutely cannot tolerate this kind of middleman making a difference in price and wasting the nation's wealth.

Before the crisis, it was able to unite many capitalists to act together, control mainstream public opinion, and artificially create market prosperity, all of which prove the strength of the French consortium.

Fidolon Machinery Factory, as a rising star in the French manufacturing industry, was founded in 1867 and has now become a leading enterprise in French machinery and equipment.

Industrial technology takes time to accumulate, and the founder, Baron Fidolon, has made great contributions to being able to stand out from many competitors in just 20 years.

Sir Pheidolon, who should have been successful, is now smoking a cigar and breathing clouds.

The secretary reported in a low voice: "Your Excellency, Baron, according to the latest statistics, 18 companies, including Seid Textile Mills, Edoron Cannery, and Ellenburg Spinning Mills, have requested returns.

The total price of these returned products is about 30 million francs, of which there is a balance of about 6.57 million francs, which we have not yet received.

In addition, there are 27 companies that have not delivered machinery and equipment, and directly announced the default of orders and will not pay follow-up fees.

We arranged production of these machinery and equipment as early as last year, and now it is too late to stop production.

If we can't find a new buyer, it is initially estimated that our loss this time will be as high as 54 million francs, and the confiscated liquidated damages can be offset to about 14 million francs, and the final loss will be around 40 million francs. "

As an aristocratic capitalist, Fidolon has a very general relationship with the domestic capital world.

In this retreat planned by the consortium, Baron Fidolon was excluded and became one of the victims.

The machinery and equipment manufacturing that Fidolon Machinery Plant is engaged in belongs to the upstream industry, the main market is in China, and there are almost no international orders.

The aged Baron Fidolon was obviously not sensitive enough to the changes in the international market, and he had not foreseen in advance that there would be excess production capacity during the Anglo-Russian war.

A momentary error in judgment has brewed the bitter fruit of the present. The company took a bunch of orders, and as a result, before the delivery was completed, it received a notice of breach of contract.

After pausing for a while, Baron Fidolon said fiercely: "Tell them that it is impossible to return.

As long as there is no problem with the product quality, we have no return service. And let them pay the follow-up balance as soon as possible.

For orders that are in default later, they will be held accountable for their breach of contract according to the contract.

Ordered to suspend the production of all orders, send someone to contact the remaining customers, and then continue to organize production after confirming that the order can be delivered smoothly.

Orders that are determined to be in default, among other orders that can be transferred, are immediately allocated. It really doesn't work, just dismantle the parts and use it!

Now at this juncture, there is no buyer at all, and we must stop the loss in time. "

Unlike other products, machinery and equipment, once produced, also incur maintenance costs. The longer the backlog is in hand, the higher the cost to the business.

Judging from the current situation, Baron Fidolon does not believe that the market may pick up in a short period of time.

Before the problem occurs, it may be ignored by the positive market; the problem has already erupted, and Baron Phiodoron naturally perceives a deeper reason.

The consumption of British-Russian war materials was less than expected, and it was only the focus of the conflict. In essence, the cycle of capitalist economic development has arrived.

According to past experience, overcapacity is not just a problem for France, and the entire capitalist world cannot survive alone.

There are only a few countries that are eligible for an economic crisis this year. The cost of industrial production in France is higher than that of Britain and Austria, and it is naturally at a disadvantage in international competition.

Now encountering a crisis, it is natural that the French companies are the first to be unable to hold on. The French consortium, which was determined to make a fortune in the war, became the first victim.

It's just that these guys react very quickly. Before the crisis broke out, they began to transfer risks, and investors were shocked.

Detonating the crisis so quickly is not because the consortium is full, but mainly because the market is running out of money.

In the gold standard era, subject to the limitation of gold reserves, the issuance of francs was limited, and there were fewer funds circulating in the market.

Cutting leeks requires leeks to grow, and the early benefits have fooled retail investors into it. Those who didn't escape, actually couldn't get out.

Now everyone is speculating in stocks to become shareholders, and no more

Harvest, once the news leaks, it can't be harvested.

Judging from past experience, Baron Fidolon can conclude that this crisis will last for one to two years without incident.

When the crisis is over and the market starts to warm up, it will take longer.

In this ever-changing era, no one knows when the mechanical equipment will be renewed.

Keeping a bunch of mechanical equipment in hand is simply boring. Not only will you risk losing everything, but it will also drain the company's precious cash flow.

Equivalent to dismantling semi-finished equipment, the loss of the enterprise may be as high as 50 to 60% of the production cost, and if the production continues, it may lose a few times the production cost.

The secretary reminded: "Your Excellency, Baron, in the contract we signed before, there was an agreement to refund part of the money if we were not satisfied with the use.

if……"

Baron Fidolon interrupted impatiently: "Don't worry about it so much, if they are not satisfied, they can go to court to sue.

At this point, are we still afraid of a lawsuit? "

All of a sudden there was a loss of tens of millions of francs, and the Fidolon Machinery Factory, which was in good condition, was taken directly into the ditch.

The call to collect from the bank had already made Baron Fidolon about to collapse. The phone with the unplugged phone line on the table is the most realistic portrayal.

"Boom, boom, boom!" There was a knock on the door, and Baron Fidolon said coldly, "Come in!"

A middle-aged man whispered: "Your Excellency, the people from Bank of Paris are here and are resting in the living room."

As soon as he finished speaking, two middle-aged men in suits walked in.

The first person said, "I'm sorry, Baron Fidolon. We have taken the liberty of visiting this time, mainly to..."

Baron Fidolon interrupted directly: "I know what you are for, but there is still a month before the bank loan expires.

If there is any problem, we will talk about it later, or contact the public relations department, please don't disturb my work now.

Thanks!

Fick, take the two gentlemen to rest. "

After listening to Baron Fidolon's words, Fick's middle-aged man immediately made a plea and said, "You two, please come with me."

The first middle-aged man said unmoved: "Baron Fidolon, you misunderstood. Today we are here to solve the problem for you, not to collect loans in advance.

Please give us half an hour if it is convenient. The next conversation needs to be kept confidential, and we'd better communicate alone. "

Baron Fidolon was stunned for a moment...