Romanian Eagle

"Thanks to His Majesty the King's attention to Morgan, there is absolutely no problem with the issuance of government bonds."

The issuance of two billion US dollars of national debt is no problem for JPMorgan. You must know that in 1899, Morgan Bank helped the United Kingdom issue $1.8 billion in national debt. It is not difficult at all to issue Romanian national debt after so many years of development. Even if Romania is not as rich as the United Kingdom, its economic upward momentum is so obvious, and it is still lucrative.

Jr. Morgan agreed to the issuance of government bonds in one bite, which did not make Edel feel relieved. Because of the difficulties of various releases before, let him know that things are definitely not that simple.

Sure enough, Morgan's words changed. "Your Majesty, I learned a little about your country's financial situation before, and found that your country's various bonds were basically issued in London, Paris and New York. In fact, this is not cost-effective for your country."

"Of course, before your country's national strength was not obvious, you could only issue various bonds in a 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 level of opening up a securities market. The scale of the domestic securities market has reached an urgent point. This can not only allow companies in your country that lack funds to obtain funds, but also make use of idle funds in your country. It is simply the best of both worlds."

Listening to Jr. Morgan's words, Edel finally knew what the other party wanted. The other party wants to open the securities market in Romania and absorb Romanian funds. The stock market can indeed help to develop Romania's economy as he said, which is a good thing. As for the bad side, he didn't say anything, he could also shear the wool of private funds. In fact, the opening of the securities market was mentioned in China, but it was suppressed by Edel.

Less than a few years before the world economic crisis, opening a stock market now is simply shearing the wool for capital. And this wool has not been sheared by domestic capital, so it is not interested in opening a stock market.

Unexpectedly, there are people in New York who are worried about the development of Romania's financial industry.

"I'm sorry, but there is no idea of ​​establishing a securities market in Romania at the moment."

Facing Jr. Morgan's words, Edel refused after thinking about it. No way, JPMorgan's words obviously hope to participate in the construction of the securities market. Putting this financial giant into the small pond of Romania, the domestic financial market has not been swept away by him. Although the two billion national debt is very tempting, it is better to go to the Rockefeller family than its harm. At least the other party is only thinking about oil, and this little Morgan is thinking about the Romanian financial industry.

"Your Majesty is not in a hurry to refuse. I know that Your Majesty is worried that I will disrupt your country's economy. But your Majesty has not thought about it, your country's financial industry will definitely open up. And if you have my help, at least your country's financial industry can be opened. Get through the difficult times before. And I think if your country can issue three billion dollars of national debt in the United States, it will push the economy to a whole new level.”

Little Morgan's words did not impress Edel. Three billion dollars of funds can indeed help Romania develop faster, but this is only the cost of raising sheep before shearing. Eder does not think that Wall Street capitalists will be lenient. Wall Street's help is candy with poison. He was not interested in eating it.

"Let my country think about it."

After Edel finished speaking, he got up and left the cafe, leaving only Jr. Morgan to drink coffee quietly.

"Chairman, what should we do next?"

Seeing the Romanian's deputy who left in a hurry, he walked in quickly and asked about the next response.

"What else can be done, just continue."

Little Morgan, who did not lift his head, was still sipping his coffee and instructing.

Eder, who returned to his residence, immediately called the Minister of Foreign Affairs over.

"Next, I will discuss with the Rockefeller family and tell them about the stake in ILO. I can agree to them. But this time I hope he can help our country issue two billion US dollars of national debt, and I will record their help this time. .

"

Foreign Secretary Kostel saw Eder's behavior and knew that the talks with Morgan about the issuance of Romanian government bonds had collapsed. He didn't dare to neglect and replied immediately. "Your Majesty, I will arrange personnel to contact the Rockefeller side."

This time, Eder tried to give up some of the interests of Libyan oil, and also let Wall Street capital headed by JPMorgan see that Romania is not something they can easily handle. It is impossible to force Romania to open up its financial markets to their looting.

When the news came that Romania was willing to accept Mobil as a shareholding and offered to underwrite two billion national debts, the little Rockefeller felt a burst of ecstasy in his heart. Thanks to the greedy Jr. Morgan, the Rockefeller family was able to make the deal with Romania like a duck to water.

But the $2 billion Romanian national debt is also a challenge for the Rockefeller family. Who made his family far worse than Morgan in terms of finance. The underwriting of Romania's national debt this time, in the view of Jr. Rockefeller, is a gain to the family's shortcomings. And the sale of 2 billion Romanian national debt is also very profitable.

So the two sides started under the circumstance that Lang was interested in a concubine.

As for Morgan, the underwriting of Romanian government bonds by Wall Street is stubbornly suppressed. Even the small securities companies that had promised to underwrite them couldn't bear the pressure and cancelled the contracts signed with Romania.

Edel looked anxiously at this situation, who left him with only one choice at present. If Rockefeller couldn't eat the debt, the visit would not be a big deal.

…………

A few days later, when Edel got the underwriting agreement signed with Chase Manhattan Bank, the core of Rockefeller, the whole person was relieved. Now let's see how Jr. Morgan treats him.

In the underwriting agreement, Chase Manhattan Bank pledged to sell Romania's $2 billion in five-, 10-, and 15-year Treasury bonds. The underwriting renewal fee this time is 3%, and the underwriting fee is not too high. The term is one year, mainly considering that Chase Manhattan Bank has not underwritten such a huge amount before. Rockefeller wants to extend the underwriting time, and Edel understands this, after all, he has such a choice.

There is no impermeable wall in the world, and the two parties did not intend to keep it secret after the agreement was signed. So when Edel got a deal, Jr. Morgan already knew the news.

"Crack, clang, when."

In Little Morgan's office, various voices sounded. Let the subordinates who are guarding outside tremble, many people have never seen their chairman get so angry.

As for the messy office, little Morgan's gloomy face was dripping with water. "Rockefeller, very good, dare to take a target from me."

This can't help but make him angry, because he finally seized the opportunity to force those Romanians to open up the financial market. The annual profit is huge. He had the idea when Romania first expressed its desire to sell $2 billion in Treasury bonds on Wall Street.

As a financial capitalist, he has seen the development of Romania over the years. It can be said that Romania's economic development has taken the lead in Europe for more than ten years, and the weakness of its domestic financial industry is completely drooling by JPMorgan. Not being able to make profits from Romania makes him uncomfortable. Although he does not know why Romania needs such a large amount of money this time, in his opinion, this is a great opportunity for Wall Street to open up the Romanian financial market.

And this opportunity is now abruptly ruined by the guy who directed the oil digging, why doesn't this make him angry.

It's just that getting mad right now doesn't help things, and opportunities are missed when opportunities are missed. Thinking of this, Jr. Morgan, the king of finance, can only secretly hurt himself.

As for the main results of this visit that Edel took, the next task was easy. After visiting several major cities in the United States, he set off on the Del West cruise ship for his next destination, Japan, after visiting San Francisco on June 13. Next will be visits to Asian countries and regions, and these visits are basically not purposeful, which makes him more or less in the mood for sightseeing.