Word: shanghai
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Dates: during 1940-1949
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...Shanghai citizens were tickled last week by a funeral with a live corpse. Riding in a coffin hauled on a cart was a grimacing old man clutching a carton of cigarettes, two cases of laundry soap, some boxes of matches and a roll of cloth. Every block or so the old man climbed out of his coffin to harangue the crowd on the evils of hoarding and speculating. Inscriptions on dancing banners and placards read: "Those who hoard are public enemies," and "Who damages the gold yuan will have his head chopped...
...organizer of the procession was the man in charge of defending the new gold yuan currency in Shanghai, deputy economic controller Major General Chiang Ching-kuo, Generalissimo Chiang Kai-shek's Russian-educated elder son. A chubby, earnest man who looks much younger than his 39 years, Chiang believes in going to the people. On Tuesday and Thursday afternoons he holds open house in his office in Shanghai's Central Bank of China to hear the public's complaints...
...scores of minor profiteers. Then came the crackdown on real big shots. The day China's new currency was announced, all stock exchange transactions were frozen. The day before the announcement, a traders' pool, working on inside information, dumped 30 million shares on the market in what Shanghai papers dubbed "Operation Giant Bear." Promptly arrested as broker for the deal was Tu Vee-pin, son of Tu Yueh-sheng, president of Shanghai's stock exchange and one of the most powerful men in Shanghai. Big merchant hoarders and price riggers were also pulled...
...Suitor. In Shanghai, Miss Chang Yun-shiu had the law on Ma Shu-li after he 1) protested his love for her in a letter written in blood; 2) threatened to kill her; 3) tried for the third time to climb in her bedroom window...
...first day of the new currency issue, Shanghai merchants jacked prices up 20%. If they got away with that, other price rises would follow and the new currency might become as worthless as the old. Best sign that that would not happen was a flow of gold bars into the government's coffers as hoarders gave them up to purchase the new money...