Chapter 387 Regulations on the Control of Railway Bonds
"Can the Ministry of Railways suspend all redemptions of railway bonds during wartime!"
Jérôme Bonaparte tentatively proposed to Barroche to suspend the exchange of railway bonds.
Baroche, standing next to Jerome Bonaparte, showed an expression of astonishment. He was obviously frightened by the suggestion made by Jérôme Bonaparte.
"What's wrong? Isn't it possible?" Jérôme Bonaparte knocked on the table lightly, crossed his legs and joked to Baros with a smile: "You can tell me if you have any difficulties! I am not a dictatorial person.
tyrant!"
You are simply more terrifying than a tyrant!
Baroche muttered silently in his heart that Jérôme Bonaparte's plan was simply to allow him to take money from the mouths of Paris bankers.
Among the four major railway bureaus, which one of the four major railway bureaus does not have a banker behind it?
Jérôme Bonaparte's strategy was to directly freeze the money "deposited" by bankers at the railway. That amount of money was not a small amount, but was worth billions of francs!
The daily interest alone can make a large number of people worry-free about food and clothing.
Not to mention, these banks themselves are a transfer station. They use banks to collect the money of a large number of retail investors, and then use their money to generate more money.
After this part of the funds is frozen, a small number of banks are likely to be at risk of a collapse of the capital chain.
No monarch with any sense would do such a thing, but Baros suddenly thought of Jérôme Bonaparte's attack on the Rothschild family, and he wondered if his monarch wanted to rob bankers again.
At this point, Baros could only bite the bullet and explain to Jérôme Bonaparte the connections between the companies and banks behind the five branches under the Ministry of Railways, and gently reminded Jérôme Bonaparte not to freeze railway bonds rashly.
exchange, at least don't fail to pay interest on railroad bonds to those bankers.
Otherwise, there could be a chain reaction in Paris financial markets.
"Who told you that I would freeze their interest?" Jérôme Bonaparte glanced at Baros in surprise. He suddenly realized that the lawyer in front of him had a darker heart than him.
Jérôme Bonaparte himself only wanted to temporarily freeze the channels for exchange of railway bonds, so that there would be a large-scale run and face the problem of bankruptcy. Interest should be paid. As long as the bankers can fool the people, the railway will be stable.
of operations.
However, during the war, those bankers had to bear certain losses themselves.
However, Baros wants all their principal and interest to be frozen.
It was really beyond Jérôme Bonaparte's expectations.
"What do you mean?" Baros immediately realized that he had misunderstood the emperor's meaning, and he hurriedly asked.
"Freeze railway exchanges, but not freeze the interest on railway bonds themselves! Especially short-term bonds!" Jérôme Bonaparte explained to Baros.
"Your Majesty, in this case, how should the government explain to the bankers who invested in us?" Baros asked Jérôme Bonaparte with a grimace.
"Explain?" Jérôme Bonaparte showed a contemptuous smile on his lips, and his voice couldn't help but raise a few decibels: "Those guys have received so many benefits from the empire! Now, they are not even willing to bleed a little bit.
In the whole of Europe, which country is more tolerant to them than us! You can tell those guys if you want an explanation! Yes, let them come to the Tuileries Palace, and I will explain to them myself!"
Jerome Bonaparte's expression and tone all showed his determination. He would not accommodate the Bonaparte family like his cousin in history, nor would he allow the economic crisis to occur like history.
Freezing railway bonds and sharing part of the risk with bankers may not be the optimal solution, but it is undoubtedly the most effective method.
Only if their funds are firmly tied to the railway will they not make a fuss about the railway.
Otherwise, judging by Jérôme Bonaparte's understanding of bankers.
Once the Crimean War begins, there will inevitably be a panic in the railway market. Bankers holding large amounts of bonds will inevitably panic, causing the price of railway bonds to fall sharply. The panic caused by the decline will inevitably lead to crazy selling by the public, and then they will
Use the money in hand to repurchase at a price lower than the previous market price.
In this way, the railway's bad reputation is borne by the government, the government loses credibility, the people lose money, and they gain benefits.
"For the financial security of the empire, we must do this!" Jérôme Bonaparte replied in a calm tone again: "Appropriate controls are conducive to the stable development of the market!"
Later, Jerome Bonaparte told Baros that he would send him a qualified supervisor to help the Ministry of Railways supervise railway bonds.
Baros didn't understand that the guys sent by His Majesty were not so much supervising their management of railway bonds as monitoring their misbehavior.
Baros still welcomed such surveillance. Even he himself had no confidence that he could suppress those bankers. Only with the emperor's banner could he completely suppress them.
"Your Majesty, who are you going to send to the Ministry of Railways for guidance?" Baros euphemistically changed surveillance into "guidance."
"One of them is Prince Lucien Murat!" Jérôme Bonaparte said to Baros.
Lucien Murat, whose full name is Lucien Charles Joseph Napoleon Murat, is the second son of Marshal Murat, King of Naples, and Caterina Bonaparte.
This marshal who had made great military exploits for the First Empire was deeply loved and reused by Jérôme Bonaparte's uncle, Emperor Napoleon, so he was tied to the chariot of the First Empire by the emperor through marriage.
Marshal Murat lived his life by fulfilling the belief of living for the Empire and dying for the Empire. After the Empire's series of military defeats, Murat was also caught by the Austrian army because of his defection during the Hundred Days Dynasty.
Conquered the Kingdom of Naples.
Murat himself also failed to meet a general as reasonable as Wellington, and was shot by the Austrian army.
After the events of 1815, Murat, who was only 12 years old, followed his mother Caterina Napoleon and his brother Achille Charles Ruiz Napoleon Murat to settle in Trieste and in 1824
In 2001, he traveled to the United States with his uncle and brother.
After arriving in the United States, Lucien Murat and his brother struggled for nearly seven years but achieved nothing. What was even worse was that Prince Murat left little money.
In view of the worship of titles in the New World in the 19th century, Lucien Murat and his brother Achille Murat decided to marry an American woman to support themselves for the rest of their lives.
Achille Murat successfully married George Washington's niece by virtue of his title as Prince Murat, while Lucien Murat married a descendant of the Duke of Lovat of Trenton.
After marriage, the life of the elder brother and the younger brother was relatively pleasant, but the good times did not last long, and the elder brother and the younger brother both contracted the bad habit of being both good and fun-loving.
Successive business failures made the lives of their two families begin to become difficult. The failures within a few years left Lucien Murat with little money left in his originally well-off family. Only the school founded by his wife was left to barely survive.
The active-minded Lucien Murat began to set his sights on Europe. Between 1839 and 1847, Lucien Murat traveled between Europe and the United States several times.
Each time he tried to enter France, he was ruthlessly rejected by the government of Louis Philippe.
To make matters worse, after Lucien Murat returned to the United States from Europe for the last time, he was suddenly informed that his brother Achille Murat was in danger of dying of critical illness.
Although doctors tried their best to save him (bloodletting treatment), Aguirre Murat still could not escape the favor of death.
Since Achille Murat was childless in middle age, Lucien Murat inherited the title of prince from his brother.
One year after Lucien Murat inherited the title of prince, a great revolution occurred in France, and Jerome Bonaparte became president of France in December.
After learning that Jerome Bonaparte became president, Lucien Murat immediately sold his family property in the United States, took his wife and four children back to France to meet Jerome Bonaparte, and imagined that he would be favored by Jerome Bonaparte.
The reuse of Tom Bonaparte.
Fantasy is just fantasy after all, and reality dealt a heavy blow to Lucien Murat, because Jerome Bonaparte was not a guy who liked to help his relatives.
For a guy like Lucien Murat, who was as talented as he was capable of doing nothing, Jérôme Bonaparte's condition was that he could give him money, but he couldn't touch power.
From 1849 to 1853, Lucien Murat only existed as an embellishment of the Bonaparte family.
After the establishment of the empire, Lucien Murat made a slight improvement and was awarded the position of "senator" by Jérôme Bonaparte and served as a member of the Senate.
Of course, this position is just for Lucien Murat to get more money, and there is no other power to think about.
Since Baros often had to go to the Legislative Council and the Senate for routine work reports, he frequently greeted Lucien Murat, and he also had a favorable impression of the prince.
Compared with other ambitious Bonaparte princes, this Prince Murat is exceptionally stable.
A stable prince is far more qualified for this position than a prince who only knows how to mess around all day long (Pierre Bonaparte). Supervising railway bonds is not a highly technical job.
However, when Jérôme Bonaparte named the second supervisor, Baros, who had been prepared in advance, was still shocked.
"The other one is Jerome Patterson! My half-brother's son can barely be considered my nephew! However, he should still be on his way here now!"
