When Edel informed the main members of the visiting group of the Rockefeller family's conditions, everyone was a little excited about the proposal.
"Your Majesty, this condition is pretty good for us. I think we can continue the negotiation."
As one of the deputies on the trip, Foreign Secretary Coster believed that the matter could be discussed.
The words of the Foreign Secretary caused several other people to nod their heads.
"Your Majesty, the Rockefeller family is willing to help us underwrite US$500 million in national debt. This is very important to the development of our country. I also think this matter can be discussed."
Looking at the ministers who were dazzled by the sugar-coated bullet of national debt, Edel could only sigh silently.
It’s not their fault. Who else but him could have known that Libya’s underground oil resources were so rich. In their view, underwriting the US$500 million national debt would be of great help to Romania. As for the Italian colonies, which they didn’t even know had oil, they could only count them as purchases.
I bought a lottery ticket and didn’t even know if I would win.
Edel looked at the people discussing happily and had no choice but to say, "Let's not rush to agree to this condition, and we will make a decision after talking with the underwriters on Wall Street."
Edel's words calmed everyone down. Indeed, it would be okay if he didn't win the lottery. If the oil was dug out and a share was given to Mobil, wouldn't it be a huge loss?
Subsequently, the Romanian delegation contacted Wall Street securities firms, large and small, to discuss the issuance of national debt.
"I'm sorry, the discounts provided by your country are too few. Our company can't help issue national bonds, I'm sorry."
At a securities firm in Manhattan, Romanian staff had just been turned away.
"This is the fourth securities company. What's wrong with these people? Are they unwilling to make money?"
"Who knows, maybe they think Romania is an African tribe."
As the Romanian delegation visited large and small securities companies on Wall Street, the results were quite bad. Many securities companies directly refused to help sell Romanian government bonds, and most of the securities companies that did not refuse offered unacceptable conditions.
Only a few small securities companies are willing to issue Romanian government bonds, but for Edel and others, this is a drop in the bucket.
"The problem lies with Wall Street, led by Morgan, who are blocking their securities companies from issuing our Treasury bonds."
In front of Eder, Foreign Minister Coster was reporting to him the reasons for the obstruction of the issuance of national debt.
Little Morgan?
Edel was thinking in his mind that there was no friction between Romania and Morgan, and Romania's payment for the issuance of government bonds was not low. What made the King of Wall Street block the Romanian government's issuance of government bonds?
"We have never had any conflict with them, why would this happen?"
"We don't know, maybe we need to talk to them before we know."
"Then please make arrangements. I also want to meet the King of Wall Street."
While Edel was worrying about the issuance of national debt, young Morgan on Wall Street was also listening to reports from his subordinates.
"Following our warning, there has been no progress at all in the issuance of Romanian government bonds. The major securities companies on Wall Street have refused to issue their government bonds, and the securities companies that have not refused have also offered conditions that they cannot accept. They are like being imprisoned.
Like a fly in a box, there is nothing we can do."
After hearing the report from his subordinates, little Morgan, who was sitting on the chair, shook his head and said, "The surveillance of major securities companies must be strengthened to prevent the Romanians from successfully issuing national bonds."
"I will arrange more manpower to do it."
"Go ahead."
After sending his subordinates away, little Morgan took out a bottle of red wine and poured himself a glass. This was not a expensive red wine, but it was brewed by his manor. Little Morgan liked the taste of it, as if he was at home at any time.
Sipping the red wine in his hand, Morgan thought about Romania's possible response. Where will you break through my blockade next, Romanians?
"Ta, ta, ta"
A knock on the door disturbed little Morgan who was tasting wine.
"Come in."
Little Morgan put down his wine glass and looked at the subordinates who came in.
"The Romanian delegation received news that its king wants to talk to the chairman to discuss the issuance of national debt."
"I understand, tell them I agree to meet with their king."
After finishing speaking, little Morgan smiled. Now these Romanians knew who they needed to call when doing business on Wall Street.
The news that Morgan agreed to meet also allowed Eder to confirm that the young Morgan indeed had ambitions to get involved in Romania's finance, but he didn't know how big his appetite was.
There was nothing to prepare for and the meeting place was very ordinary, just in a coffee shop not far from Wall Street.
But when Edel arrived, little Morgan was already waiting here.
"Welcome to His Majesty the King to visit Wall Street. I hope His Majesty will have a wonderful afternoon."
Edel watched the tall and thin Morgan greet him like a master, and replied politely, "Thank you for your hospitality."
"Your Majesty, have something to drink."
After the two exchanged simple greetings, little Morgan asked about Edel as if it were a matter of family.
"Cafe."
"Two cups of coffee, thank you."
After sending the waiter who delivered the coffee away, Morgan took a sip of coffee and praised it. "Jamaican coffee is still so strong, no wonder people like it."
"Yes, that's right. It is thanks to the unique local environment that coffee with such a flavor can be produced."
Edel, who knew what the other party was implying, also replied.
Edel's words prompted little Morgan to continue. "Indeed. Sunshine, temperature, and rain all have an impact on coffee. Only Jamaica can have such addictive coffee."
"In my opinion, Jamaica just takes the lead. In fact, there are other coffee producing areas in the world that are not inferior to Jamaica, but they are not as famous."
Edel's denial made little Morgan smile. "That's true. It's just that the world knows about Jamaican coffee, and this is a business opportunity. And the entire coffee dealer chain in Jamaica is profiting from it, so other coffees want to break through the suppression of Jamaica.
It’s very difficult.”
Morgan's words just made Edel shake his head. "Just because it's difficult doesn't mean it's impossible to break through. As long as you have the will, there will always be a way."
The two fought fiercely for a long time, and no one was at a disadvantage.
In the end, Edel couldn't help but speak, because he was only in his thirties, so he couldn't keep his composure as much as Morgan, who was already in his sixties or seventies. Moreover, if Romania wanted to issue huge national debt in the United States, Morgan could not avoid it.
"In addition to deepening the relationship between the two countries, this visit to the United States is to issue Romanian government bonds. I know that Morgan Bank is the best securities issuer on Wall Street, so I hope your bank can help our country issue government bonds this time."
