242 Sewers
As the saying goes: Planting a sycamore tree will attract the phoenix.
As long as San Diego is controlled by his hands, even if J.P. Morgan does not take the bait, Li Mu can find other partners.
Of course, j·p·Morgan is willing to cooperate with Li Mu, but it is better to use it to be mature than to use it. j·p·Morgan and Li Mu have already had successful cooperation experience. Both of them have a certain understanding of each other and have established basic trust. In this case, there is no need to find new partners.
"My idea is to vigorously develop the sugar processing industry and mining industry in the short term, and then build a steel plant in San Diego with the profits generated by sugar and ore. After the steel plant is completed, we can produce various living materials and supply them to all countries along the Caribbean coast. If they are unable to pay the goods, it doesn't matter, they can use various raw materials to compensate. We then transport the raw materials back to San Diego, and then return them to the Caribbean coast countries after rough processing, and even sell them to the United States and Europe." Li Mu had a preliminary plan, of course, this still needs to be discussed with j·p·Morgan.
"Perfect! San Diego is a transit station, and there must be cheaper human resources here than the United States and Europe, so our products will be quite competitive, and it only takes twenty years - or only ten years. San Diego will definitely become an industrial center along the Caribbean coast." j·p·Morgan is confident, the key is that the investment in this plan does not sound high.
Li Mu currently has mines and plantations in San Diego. He only needs to expand the production scale, so he can produce more sugar and ore. He can build a steel plant with the profits of operating sugar and ore. Then he uses the steel produced by the steel plant to supply the Caribbean coast, and then exchanges raw materials for production from the Caribbean coast. This is a nearly perfect supply chain and does not require verification. J·p·Morgan can think of how powerful this idea will have.
"So, if we cooperate, it's a matter of investment ratio now. I'm San Diego Investment Company, and you're the Morgan family. How much money are you going to invest? How many shares are you taking?" Li Mu talks about money and doesn't hurt feelings. This kind of thing is better to be ahead.
The San Diego Investment Company, established by Li Mu's "Five-member Group of Spreads", is located in which Li Mu is located. Because Li Mu also invests in plantations and mines in addition to cash, Li Mu is also run by Li Mu, so Li Mu accounts for 60% of the shares, while the other four people each account for 10%.
This ratio satisfies everyone. Before that, Li Mu and five others had divided up precious metals and antiques and oil paintings worth $5 million. To be honest, this money has satisfied George Dewey and the others. As for the proportion of the company's shareholding, they don't care. After all, they are shareholders waiting for the money. Is there anything more comforting than this?
To be honest, Li Mu is willing to give each of them 10% of their shares, which is due to their future achievements. As of now, strictly speaking, Li Mu is the boss, and they are just Li Mu's employees. In fact, they are not qualified to get shares from Li Mu.
"Please forgive me. Such a large investment is definitely not something I can decide, so I need to discuss with other family members. Tomorrow - no, the day after tomorrow, the day after tomorrow, I will give you the answer." J·p·Morgan was not in a hurry to respond. Such things must be discussed first.
Now J·p·Morgan is indeed the helm of Morgan Group's United States, but now the global financial center is actually London, so the Morgan consortium in j·p·Morgan is just a branch of the Morgan family in the United States. Investing in San Diego is not a trivial matter. If the Morgan family wants to occupy more shares in the new company, the startup capital alone will definitely start at the "ten million US dollars". J·p·Morgan really can't be a j·p·Morgan.
Two days passed in a flash. On June 6, Li Mu and J.p. Morgan restarted negotiations. This time, J.p. Morgan came prepared and proposed an allocation plan when he came up.
"We have a rough statistics on the resources of the entire San Diego these days. If we want to reach the level you said, our first investment will be at least about 20 million US dollars. This money includes the expansion of plantations and mines, as well as the expansion of the San Diego port. Among them, the cost of expanding the port accounts for 70%. We need to understand one thing: the production scale can be expanded at any time, but the port cannot be renovated at will. Once it is put into use, it can only be repaired and repaired in a small way. It is impossible to expand on a large scale. Therefore, if the San Diego Investment Company invests in the controlled plantations and mines, it can be priced at $1.5 million. Then both of us will determine the shareholding ratio based on the investment ratio-"j·p·Morgan's abacus is well-prepared, and the consideration of the Port of San Diego is also quite thoughtful.
In addition to Li Mu, Li Mu also participated in the negotiations, including Benjamin, Nelson, Raul, and a white man named August Langman.
August Langman is a professional manager hired by Li Mu, who is specialized in the investment projects of San Diego Investment Company. This guy has a brilliant resume and served as an investment company manager under Jay Cook, who committed suicide a few months ago. Jay Cook's bankruptcy stems from his own overestimation and mistakes in his judgment of the current situation, and has nothing to do with August.
After Jay Cook committed suicide, August fell into unemployment. Professional managers like August didn’t have to worry about not being able to find a job. Unfortunately, this year was 1873, the year of the outbreak of the economic crisis, and the entire American financial industry fell into a trough, so Li Mu hired elite talents like August.
Yes, with Jay Cook's suicide, the economic crisis inevitably spread, and the Pacific Rim Rail Company was split, causing the stock price of the Pacific Rim Rail Company to plummet. Now the stock value of the Pacific Rim Rail Company is less than half of the size of two months ago. This has become a fuse and has triggered the entire financial market. Now New York is in a state of grief. The stock price of the entire industry has fallen by 40%, among which the stock company has the worst, with the price dropping to 60%.
J·p·Morgan's arrival in San Diego at this time has a lot to do with the downturn in the New York stock market. J·p·Morgan is the spokesperson for Wall Street tycoons, so j·p·Morgan wants to find a better investment path for tycoons. Now it seems that investing in San Diego is obviously a wise choice.
With people like August as a consultant, Li Mu must also know the current situation in New York, so Li Mu was extremely cruel to cut the price: "First of all, the value of the plantations and mines controlled by San Diego Investment Company is seriously underestimated. I will not talk about how many plantations there are at this time. What I want to make clear is that in Guantanamo, there are more than 100,000 acres of land waiting for us to cultivate. Within five years, sugar cane will be planted everywhere, and our sugar sugar production will be several times that of now. In addition, there are mines. The value of Maestra and Puliar Mountains is immeasurable. In terms of the current development level, the utilization rate is less than 1%. The value of these two mountains alone is more than 1.5 million, or even more than 5.1 million. I don't know what kind of information Mr. Ricardo has given you, but if you don't change your mind, then we can't reach any agreement."
Ricardo was originally the spokesperson for Morgan in Cuba. After the founding of the United States of Cuba, Ricardo was appointed Minister of Finance by Sylvester. J.P. Morgan wanted to estimate the property of Santiago Investment Company, which would definitely be necessary for Ricardo's participation.
Ricardo was also one of the negotiators and belonged to J·P·Morgan's side. When he heard Li Mu's statement, Ricardo curled his lips and made a face, saying that this had nothing to do with me.
"Since that's the case, let's not talk about the plantation and mines for now. Let's talk about the Port of San Diego--" J·p·Morgan had expected it and did not get involved in this matter. If there is any controversy, we will put it aside and start the next topic immediately.
"About the Port of San Diego, the port's operating rights for the next fifty years belong to the San Diego Investment Company, so we can completely strip them of this area. The San Diego Investment Company can authorize a new company to be trialed for free, but the Morgan family will have to bear the expansion costs of the Port of San Diego." Li Mu also has a good plan. In the future, the Port of San Diego will definitely be more than one new company. Li Mu is borrowing a chicken to lay eggs.
"This is impossible. The cost of expanding the Port of San Diego is a tens of millions of dollars in investment. If the return is just a free right to use, the manager who decides to invest in the project should be tried." J·p·Morgan also disagreed with Li Mu's proposal.
Well, in fact, these are all expected. Investment projects of tens of millions of dollars cannot be negotiated so easily. Li Mu and j·p·Morgan are both ready to fight a protracted war.
Just as Li Mu and J.P. Morgan bargained, the work of rebuilding Santiago was gradually progressing according to the plan. The task of widening the main road of the central axis was completed within a week. Of course, the "widening" here is only literal. The pavement has not yet been laid. It will not take until the machinery purchased from Europe and the asphalt transported from Trinidad arrive before the paving stage will begin.
The port area was also very fast. Li Mu transferred a total of 3,000 construction workers. Compared with the construction team in the main urban area of San Diego, Li Mu's professional construction workers were more skilled. At the same time, because Li Mu would pay these construction workers salary, these construction workers were more motivated to work. Within just one week, they completed nearly half of the work tasks. At this time, the technicians entered the site and began to plan the roads in the port area. After the road planning was completed, the construction workers would start to build the port area by digging the sewer.
Chapter completed!