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A peasant in Hubei took out an "IOU" 85 years ago, and the Red Army borrowed 400 oceans from it, how much money should be given now

In 2015, Yang Mingrong, a farmer in Hubei Province, took out an IOU from the Red Army from 85 years ago, which was left by Yang Mingrong's grandfather Yang Changyin, so why did this IOU come out for so many years? What's going on in between?

A peasant in Hubei took out an "IOU" 85 years ago, and the Red Army borrowed 400 oceans from it, how much money should be given now

After the jute uprising broke out at the end of 1927, the term "Red Army" was first born because of a couplet. In 1928, the Workers' and Peasants' Revolutionary Army throughout the country was officially named the "Red Army".

Although the equipment is backward, the discipline is strict

Between 1927 and 1929, armed uprisings broke out in the border areas of Henan, Hubei, and Anhui, and one revolutionary base area after another was established. After reorganization, the Red 31st, 32nd and 33rd Divisions were merged into the First Army of the Chinese Workers' and Peasants' Red Army, referred to as the "Red First Army".

A peasant in Hubei took out an "IOU" 85 years ago, and the Red Army borrowed 400 oceans from it, how much money should be given now

Since its founding, the Red Army has been in extreme shortage of weapons and equipment and grain reserves, but they lack the ability to defeat the well-equipped Kuomintang army, and in addition to their fierce combat effectiveness, they are inseparable from the support of the broad masses of the people, and this is also the embodiment of the discipline of the Red Army.

In the Red Army, it was emphasized not to take anything from the masses, but to return the things borrowed from the masses, and to buy and sell them at market prices. It is precisely because of this that the Red Army has won the hearts of the people and is loved by the common people.

Ask the people for help

In 1930, the First Division of the Red First Army in the Eyu-Anhui base area expanded and reorganized after the Battle of Pingkou, and the number of troops grew from 1200 to 1500. At this time, the staffing has grown, but the problem has also come out, there are not so many weapons and equipment, which has the matter of the old man Yang Mingrong, the farmer at the beginning of the article, taking out the IOU.

A peasant in Hubei took out an "IOU" 85 years ago, and the Red Army borrowed 400 oceans from it, how much money should be given now

The IOU was issued by the first detachment of the Xiaogan County Special Service Battalion of the Seventh Brigade of the First Division of the Red Army, about 12 cm long and about 4 cm wide, borrowing 400 pieces of ocean, and the borrower was stamped with the seal of the captain Tu Xing.

It turned out that in order to expand the revolutionary armed forces, the first detachment of the Red First Army was ordered to raise funds in the local area, and Yang Changyin lent it to the Red Army in order to gather four hundred oceans, and also let his son Yang Wenshun borrow more than 100 yuan of oceans from relatives. After gathering 400 oceans, Yang Changyin handed it over to Captain Tu Xing, who came to raise money, and the captain also fulfilled his promise to leave a seal and told the old man that he could come to the Red Army to return the loan in the future.

A peasant in Hubei took out an "IOU" 85 years ago, and the Red Army borrowed 400 oceans from it, how much money should be given now

Deliver on commitments

After the appearance of the IOU, it immediately attracted the attention of the local cultural and historical department, although this piece has been yellowed after the passage of time, but it is still clearly visible on the reason for the loan, the amount and the borrower, and after expert identification, it is determined that the IOU was left by the Red Army that year. Therefore, the old people also received a full repayment from the local civil affairs department in recognition of their contributions to the revolution that year.

So how much compensation can be paid to the 85-year loan, 400 oceans?

A peasant in Hubei took out an "IOU" 85 years ago, and the Red Army borrowed 400 oceans from it, how much money should be given now

Friends who know how to collect know that the silver dollar has a certain collection value until now, and in the early years of the Republic of China, it does have a high purchasing power, equivalent to about 300-400 yuan, but around 1930, the silver dollar depreciated to about 100 yuan. According to the purchasing power repayment at that time, 400 oceans was equivalent to almost 40,000 yuan. This money must also be a lot of money for the old man Yang Changyin at that time. Only when the masses of the people support the Red Army and their contribution to the revolution can our army be invincible and usher in a new life sooner!

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