1935: No more poems

1935 - age 34 Part 2

With such condition of currency, establishing the industry and commerce of the country was impossible. So the government decided to overhaul. The first thing was to use the central bank and department of finance to establish an overhaul research committee on currency. Hired with top salaries was Mr Cen Jingtao as chairman. He was Cantonese and very famous and had a lot of accomplishments in this area. He has another name: Ren Sen. Everyone respectfully called him Ren Lao (elder Ren). This person was very thorough and had an accurate and broad view of the whole picture. His research work was also very accurate and to-the-point. They also invited advisers from the United State and United Kingdom. I was assigned to serve on this committee and benefited greatly from working there. Everything I learned at the commerce university in Japan was put to good use. My work earned approval and praise from Ren Lao and the foreign advisers. My actual work was to audit all the books and compile articles and documents. It was very hard work, but my program was put into actual practice; the government used what I proposed and it worked well and there was a good response from the field. Privately, I was delighted as a civilian to save the country in this way. 

The currency improvements mainly were collective preparation and uniform distribution. They set a date for the launch of the program so all the various little banks stopped printing their own currencies. They collected outstanding currency and only distributed central bank currency. In order to print money, there had to be some value backup stored. They put it all in the central bank. In this way, a lot of the little banks could not afford to print their own. Most of the little banks went bankrupt. Many of the people who worked in these soon-to-collapse banks left and went somewhere else to find new jobs. Even a very famous person of the big banks Mr. Liu, chairman of the board, had to quit and find a new job. 

The central bank, in order to seriously execute these currency improvements, specially hired Mr Fu. He was a director of the economic research institute and they wanted him to chair the new board of directors in the China Industry and Business Bank. Mr Zou was hired as Chief Executive. After Mr Fu went to serve as chairman of the board, they hired Mr Kong to be head of the research institute.

... [boring complicated banking stuff my mom skipped]

At this time, one of the heads recommended me for work at the China Industry and Business Bank. This bank had branches in Nanjing, Tianjing, Guangzhou, Hankou, Nancang, and Wuhu. Also, in a suburb of Shanghai, called Cangshu, was another branch and warehouses. Cangshu was supposed to be a fertile land with a lot of potential for development. Our chairman of the board valued Cangshu. He specially assigned me as envoy and I was glad to go because Cangshu has a lot of history. And on the mountain there are graves of the famous disciples of Confucius, Zilu and Yenyou. This is why it was a tourist attraction. More recently, there were legendary stories about Chen and Liou. There was a famous pagoda, Iron Harp and Bronze Sword. I could visit all these spots during my survey.