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Shanxi Merchants' Good Faith
Shanxi merchants believed that being faithful and
honest were the best way to expand their market. According to business ethics,
merchants are driven by profits, yet cheating and fraud is not allowed. In fact,
faith and honesty has long been at the core of Shanxi merchants' value view.
This is why they enjoyed their good reputation for such a long period.
Chang's Family: Setting up stage in the year of natural
disaster
In 1887, the central part of China, including Shanxi, Shaanxi, Henan, and Hebei
Provinces , experienced its most severe drought in 300 years, with Shanxi at
the center of the disaster. The drought lasted for three years. According to
historical documents, one-third of Shanxi's population died in the drought.
Of course Shanxi merchants could not escape from this disaster. Like other
merchants groups, the Chang family also suffered from economic loss. The Chang's
dealt in tea trade with Russian merchants. Normally they carried tea to the
border of China and Russia from the southern part of China.
During the drought, people had to eat tree bark and grassroots to survive
because there were no crops at all during that time. There was also nothing to
feed livestock, meaning the merchants were unable to organize their transport
team with livestock. In those years, the Changs' tea export declined from
200,000 dan to 8,000 dan (a weight unit "dan" eaquals 50kg) every year, from
which we could estimate their severe loss.
To survive the disaster, the Changs tried hard to overcome the difficulties.
They pinched and saved, cutting down the spending. However, surprisingly,
Chang's declared their intent to set up a stage in their ancestral temple
with a budget of 30,000 taels (a tael is roughly worth 38 grams of silver).
Actually, this was not to show their wealth in the difficulty, but to find an
excuse to help the local people. To help the local people, the Chang said, "As
long as you move even one brick for us, we will pay you with meals."
The Chang's believed that it was not honorable to fish for fame and
compliment; therefore they hid their virtue under the excuse of setting up the
stage. They only wanted to save local people's life, as well as their dignity.
The Chang's s project lasted for three years, the drought's duration. Who could
tell how much price the Chang's paid in that period?
Rishengchang: The faith and honesty in the troubled
times
In 1900, foreign invaders occupied Beijing.
Most of the royal relatives and powerful aristocrats fled in a flurry to Xi'an with Emperor Guangxu. Because of the haste, they
could only bring their draft books with them, rather than gold or silver. On
arrival at Shanxi, they all went to draft banks to redeem into taels.
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