In just three days, the army of the six northern provinces took over all the Japanese banks in the province, including 21 branches. Only one branch of the Bank of Japan in Lushun was spared. But the good times did not last long. Soon, a large number of people holding bank deposit certificates lined up in front of the branch. As the bank run intensified, other foreign banks, such as the Russo-Asiatic Bank, were also affected. Every day, before the bank opened for business, you could see a large number of depositors queuing in front of the bank, fearing that they would not be able to get their hard-earned money if they were late.
Although the banks established by Britain, France and other countries in China have not been implicated for the time being, they are still somewhat worried. The current situation in the six northern provinces is very unfavorable to foreign banks. The Japanese took the opportunity to provoke and tried to persuade Britain, France and other countries to put pressure on China.
"Everyone, if this continues, it will not only be Japan's interests that will be lost." Ijuin, the Japanese Minister Plenipotentiary to China, said: "This is a Chinese conspiracy. From the beginning, they have used war reparations as an excuse to want to move the Northern Sixth All foreign banks in the province have collapsed! This is very dangerous and they must be stopped!"
The Russian envoy nodded in agreement. The British, French and American envoys were still considering it. The German envoy, Haxhausen, stood up and said to Ijuin: "Then, how about you persuade the Japanese government to pay the war reparations to the Chinese first?"
As soon as Hax Shaoshen said these words, everyone in the room focused their attention on the Japanese Minister Ijuin.
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