"Thank you to His Majesty the King for your high regard for Morgan. There is no problem at all with the issuance of treasury bonds."
The issuance of US$2 billion in treasury bonds is no problem for Morgan Jr. You must know that in 1899, Morgan Bank helped the United Kingdom issue 1.8 billion US dollars of treasury bonds. After so many years of development, it is not difficult to issue Romanian treasury bonds. Even Romania
It is not as wealthy as the UK, but its economic growth is so obvious and it also has huge profits.
The young Morgan agreed to the issuance of national debt at once, which did not make Edel feel relieved. Because of the difficulties in the previous issuance, he knew that things were definitely not that simple.
Sure enough, little Morgan's words changed next. "Your Majesty, I have learned a little about your country's financial situation before and found that all kinds of bonds in your country were basically issued in London, Paris and New York. In fact, this does not have any impact on your country.
Not worth it.”
"Of course, before, your country's national strength was not significant, so it had no choice but to issue various bonds in the mature securities market. But now I think your country needs to consider developing its own securities market. After all, your country's economy has reached the stage of opening up a securities market.
With such a large scale, it is urgent to open a domestic securities market. This will not only allow your country’s capital-deficient enterprises to obtain funds, but also make use of your country’s idle funds. It is simply a way to get the best of both worlds.”
Listening to Morgan Jr.'s words, Edel finally understood what the other party wanted. The other party wanted to open the securities market in Romania and absorb Romanian funds. The securities market can indeed help Romania's economic development as he said, which is a good thing. As for the
On the bad side, he did not mention that private funds can also be used. In fact, some people in China have mentioned the establishment of a securities market, but Edel suppressed it.
The world economic crisis is less than a few years away. The establishment of a securities market now is simply shearing wool for capital. And this wool is not sheared by domestic capital, so it is not interested in opening a securities market.
Unexpectedly, there are still people in New York who are anxious about the development of Romania’s financial industry.
"Sorry, there is currently no securities market in Romania."
Faced with Morgan Jr.'s words, Edel thought about it and refused. There was no way. Morgan Jr. obviously hoped to participate in the construction of the securities market. Putting this financial giant into the small pond of Romania, the domestic financial market
He has not been swept away by him. Although the national debt of 2 billion is very tempting, compared with the harm, it is better to go to the Rockefeller family. At least the other party only cares about oil, and what this young Morgan cares about is Romania's financial industry.
"Your Majesty, don't refuse. I know that Your Majesty is worried that I will disrupt your country's economy. But have you ever thought about it? Your country's financial industry will definitely open up. And with my help, your country's financial industry can at least be opened up."
Get through the initial difficult period. And I think if your country can issue three billion US dollars of national debt in the United States, it can push the economy to a whole new level."
Young Morgan's words did not impress Edel. Three billion US dollars in capital can indeed help Romania develop faster, but this is only the cost of raising sheep before shearing. Edel does not think that the capitalists on Wall Street will be merciful. Wall Street's
Help is all candy with poison. He has no interest in eating it.
"Let our country think about it."
After Edel finished speaking, he stood up and left the cafe, leaving little Morgan alone to quietly sip coffee.
"Chairman, what should we do next?"
The deputy, who watched the Romanians leave in a hurry, walked in quickly and asked what to do next.
"What else can I do? Just continue."
Little Morgan was still sipping his coffee and giving orders without raising his head.
When Eder returned to his residence, he immediately called the Foreign Minister over.
"Next, I will discuss with the Rockefeller family and tell them about the Italian-Romanian Petroleum Company's participation in the stock. I can agree to it. But this time I hope he can help our country issue two billion US dollars of national debt. I said I will note their help this time.
.”
Seeing Edel's performance, Foreign Minister Costel knew that the talks with Morgan on the issuance of Romanian government bonds had collapsed. He did not dare to neglect and immediately replied, "Your Majesty, I will arrange for someone to contact Rockefeller."
This time, Edel is trying hard to give up some of his Libyan oil interests, and he also wants to let Wall Street capital led by Morgan Jr. see that Romania is not something they can easily control. It is impossible to force Romania to open its financial market for them to plunder.
When the news came that Romania was willing to accept Mobil's shareholding and offered to underwrite two billion in national debt, Rockefeller felt a burst of ecstasy in his heart. Thanks to the greedy Morgan, the Rockefeller family was able to enjoy the deal with Romania.
However, the two billion US dollars of Romanian national debt is also a challenge for the Rockefeller family. Who makes his family far worse than Morgan in finance. And this time the underwriting of Romanian national debt is a great challenge to the family in the eyes of Rockefeller Jr.
Gains from shortcomings. Moreover, the sale of 2 billion Romanian government bonds also brought very huge profits.
So the two sides started to have a relationship with each other when Lang was interested in concubine.
As for Morgan, they are putting pressure on Wall Street to underwrite Romanian government bonds. Even several small securities companies that had previously promised to underwrite Romanian government bonds could not bear the pressure and canceled the contracts signed with Romania.
Edel looked at this situation anxiously. He had only one choice at the moment. If Rockefeller could not afford the national debt, then the results of this visit would not be great.
…………
A few days later, when Edel got the underwriting agreement signed with Chase Manhattan Bank, the core company of Rockefeller, he felt relieved. Now let's see how little Morgan will treat him.
In this underwriting agreement, Chase Manhattan Bank promised to sell Romania’s two billion US dollars of five-year, ten-year, and fifteen-year government bonds. The underwriting renewal fee this time is 3%, and the underwriting fee is not high. The term is one year
, mainly considering that Chase Manhattan Bank had never underwritten such a huge amount before, Rockefeller wanted to extend the underwriting time, and Edel also understood this, after all, this was his only choice.
There is no airtight wall in the world, and neither party wanted to keep it secret after the agreement was signed. So when Edel got the agreement, little Morgan already knew the news.
"Crack, bang, bang."
Various voices rang out in Morgan Jr.'s office, causing the subordinates standing outside to tremble. Many of them had never seen their chairman lose such a temper.
As for the messy office, young Morgan's gloomy face was almost dripping with water. "Rockefeller, very good, you actually dare to take the target from me."
This couldn't help but make him feel angry, because he finally seized the opportunity to force the Romanians to open up their financial markets. The annual profits were huge. This was true when Romania first showed its hope of selling 2 billion treasury bonds on Wall Street.
Got an idea.
As a financial capitalist, he has seen the development of Romania in recent years. In the past ten years, it can be said that Romania's economic development has led Europe, and the weakness of its domestic financial industry has made little Morgan drool.
He simply felt uncomfortable getting profits from Romania. Although he didn't know why Romania needed such a large amount of money this time, he thought this was a great opportunity for Wall Street to open up the Romanian financial market.
And now this opportunity has been abruptly ruined by the guy who directed the oil digging. Why doesn't this make him furious?
It's just that getting angry now won't help things. If you miss the opportunity, you will miss it. Thinking of this, little Morgan, the king of finance, can only secretly feel sad.
As for Edel, after achieving the main results of this visit, the next task will be easy. After visiting several major cities in the United States, he took the Delsey cruise ship after visiting San Francisco on June 13.
Heading towards Japan, the next destination. Next, there will be visits to Asian countries and regions, and these visits basically have no purpose, and they put him in a tourist mood to some extent.
