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1902年,在云南省大理县和凤仪县交界的下关,喜洲商人严子珍、杨鸿春与江西商人彭永昌三个人正在紧锣密鼓地策划成立一个贸易商号,三人都是小有成绩的商人,此前,他们多次合作,在云南、四川等地货物往来,金钱拆借,三方对相互的人品、能力都甚为佩服,严子珍和杨鸿春还结成了亲家。他们共集资白银一万一千多两,这在当时是相当大的一笔钱了,在重组“永兴祥”老号的基础上,创建了一个叫永昌祥的商号,并把总号设在交通便捷,经济发达的下关,经营生丝、茶叶、布匹、洋货、药材等生意。
1902, in Dali County, Yunnan Province and Fong Yi County at the junction of Xiaguan, Xizhou businessman Yan Zizhen, Yang Hongchun and Jiangxi businessman Pang Yongchang three people are in full swing plan to set up a trader, all three are small success businessmen, after They have repeatedly cooperated in cargo exchanges and money lending in Yunnan and Sichuan. The three parties are very much admired of each other’s character and abilities. Yan Zizhen and Yang Hongchun also formed close relatives. They raised a total of over 11,000 taels of silver and silver, which at that time was a considerable sum of money. On the basis of the reorganization of “Yongxingxiang”, a firm called Yongchang Xiang was founded and the total No. is located in the convenient traffic, economically developed Shimonoseki, operating raw silk, tea, cloth, foreign goods, herbs and other businesses.