Chapter 501： United States Line (6)

"Thanks to His Majesty the King for his importance to Morgan, there is no problem at all with the issuance of national debt."

The issuance of US$2 billion in government bonds is no problem for JPMorgan. You must know that in 1899, JPMorgan Bank helped the United Kingdom issue US$1.8 billion in government bonds. After so many years of development and issuance of Romanian national debt, there is no difficulty at all. Even if Romania is not as rich as the United Kingdom, but its economic upward momentum is so obvious, it also has huge profits.

Little Morgan agreed to the issuance of Treasury bonds in one fell swoop, and Edel did not feel relieved. Because of the difficulties of the previous releases, let him know that things are definitely not that simple.

Sure enough, Morgan's words changed next. "Your Majesty, I learned a little bit 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 is not cost-effective for your country."

"Of course, before your country's national strength was not obvious, there was no way to only 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 level of opening up the securities market. The scale of the domestic securities market has reached the point of urgency. This will not only allow your country’s lack of funds to obtain funds, but also use your country’s idle funds. It is simply the best of both worlds."

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

Less than a few years after the world economic crisis, the opening of a securities market is simply shearing wool for capital. Moreover, this wool has not been cut by domestic capital, so I am not interested in opening a securities market.

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

"I'm sorry, but there is no intention to establish a securities market in Romania."

Faced with Morgan's words, Edel refused after considering it. There is no way, little Morgan clearly hopes to participate in the construction of the securities market. Putting this giant financial crocodile into this small pond in 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 find the Rockefeller family than its harm. At least the other party is only concerned about oil, and this little Morgan is concerned about Romania's financial industry.

"Your Majesty will not be too busy to refuse. I know your Majesty is worried that I will disrupt your country's economy. But your Majesty has 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 Overcome the previous difficult period. And I think if your country can issue 3 billion US dollars of national debt in the United States, it will be able to push the economy to a whole new level."

Little Morgan's words did not impress Edel. Three billion US dollars of funds can indeed help Romania to develop faster, but this is only the cost of raising sheep before shearing. Edel does not think that the capitalists on Wall Street are soft-hearted. The help of Wall Street is candy with poison. He is not interested in eating.

"Let my country think about it."

After Edel finished speaking, he got up and left the coffee shop, leaving little Morgan alone to enjoy his coffee.

"Chairman, what shall we do next?"

Watching the Romanian leave in a hurry, the deputy walked in and asked what to do next.

"What else can be done, just continue."

Little Morgan, who didn't look up, still sipped his coffee and ordered.

And Edel, who returned to his residence, immediately found the Minister of Foreign Affairs.

"Next, I will discuss with the Rockefeller family and tell them about Illuo Petroleum's shareholding, and they can agree to it. But this time I hope he can help my country issue 2 billion US dollars of national debt, so I will write down their help this time. ."

The Minister of Foreign Affairs Costel saw Edel's performance and knew that the talk with Morgan about the issuance of Romanian national debt had fallen apart. He dared not neglect and immediately replied. "Your Majesty, I will arrange personnel to contact Rockefeller."

This time Edel is trying to give up some of the benefits of Libyan oil, and also to let Wall Street Capital headed by Morgan Jr. see that Romania is not something they can easily handle. It is impossible to force Romania to open its financial market to them.

When Romania was willing to accept Mobil's shareholding and the news came that it had offered to underwrite two billion national debts, Rockefeller felt a burst of ecstasy in his heart. Thanks to the greedy little Morgan, the Rockefeller family was able to get a fish in the water in the deal with Romania.

However, the Romanian national debt of 2 billion US dollars is also a challenge for the Rockefeller family. Who made his family financially worse than Morgan? In the view of Rockefeller Jr., the underwriting of Romania's national debt is a gain for the family's shortcomings. In addition, the sales of 2 billion Romanian national debt also made very lucrative profits.

So both parties started with Lang's concubine and affectionate.

As for Morgan, it is firmly pressing Wall Street's underwriting of Romanian national debt. Even the small securities companies that had promised to underwrite before could not bear the pressure and cancelled the contract with Romania.

Edel was anxious looking at this situation, who gave him only one choice at the moment. If Rockefeller can't afford these national debts, then the results of this visit will not be big.

…………

A few days later, when Edel got the underwriting agreement signed with Rockefeller’s core Chase Manhattan Bank, the whole person was relaxed. Let’s see how Jr. Morgan manages 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 treasury bonds. This time the underwriting renewal fee is 3%, and the underwriting fee is not high. The term is one year, mainly considering that Chase Manhattan Bank has not underwritten such a huge amount before. Rockefeller hopes to extend the underwriting time, and Edel understands this, after all, he is such a choice.

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

"Pap, clap, pang."

Various voices sounded in Little Morgan's office. Let the subordinates who are guarding outside tremble, many people have never seen their chairman have such a big temper.

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

This could not help but make him angry, because he finally seized the opportunity to force the Romanians to open up the financial market. Among them, the annual profit is huge. This came to his mind when Romania first showed his hope of selling two billion government bonds on Wall Street.

As a financial capitalist, he has seen the development of Romania in recent years. Over the past ten years, it can be said that Romania's economic development is leading the way in Europe, and the weakness of its domestic financial industry is completely seen by the little Morgan, who is drooling. Not being able to get profits from Romania makes him feel uncomfortable. Although he doesn't know why Romania needs such a large amount of money this time, in his opinion this is an excellent opportunity for Wall Street to open up the Romanian financial market.

And this opportunity was now abruptly ruined by the guy who directed the digging of oil, how could this not make him angry.

It's just that getting angry right now doesn't help things. If the opportunity is missed, it will be missed. Thinking of this, Little Morgan, the king of finance, can only secretly hurt himself.

As for Edel after taking the main results of this visit, the next task is easy. After visiting several major cities in the United States, after visiting San Francisco on June 13th, he took the Dale West cruise ship to Japan, his next destination. Next will be visits to Asian countries and regions, and these visits are basically without purpose, which makes him more or less in the mood for sightseeing.