Chapter 32 In Financial Turmoil
Eder looked at the petition sent by the Bank of England, the National Bank of Paris, the National Bank of Russia, and the Deutsche Imperial Bank, and looked at the petition called the plea that was actually an ultimatum, and Eder felt a heavy pressure. After all, it was in China before, and no one could move him with Carol I's support, and now the old king may not be able to withstand it.
Eder is now thinking about how to deal with the financial attacks of the major foreign banks. No matter how you deal with it, you must have sufficient funds, which is the ammunition to fight against this group of capitalists. Edel came to the old king's office, and now he needed the support of Carol I.
"What do you think, Eder?" In the Carol I room, the old king asked Eder what he thought. "No matter how we deal with it, we have to raise a lot of money first, and hold them back for a few days." The old king, who listened to Eder's speech, thought to himself, he and his son did not expect the other party to react so much, and it was different from what he expected. Before, he blamed himself for being too optimistic and wanted to leave Edel a better kingdom, but now this petition has forced him to the point where there is no way out. Now I believe that many people are watching the government's decision, whether it is power that controls capital, or capital that controls power, can only be known after a struggle.
If you lose everything, don't mention it, the prestige of the government and the royal family will be greatly reduced, and I believe that there will be people who will demand a reorganization of the government, and the royal power will be greatly handed over to the future government, which is unacceptable to Carol I, the founder of the Romanian kingdom. Winning can guarantee the absolute right of the royal family within twenty years, and King Carroll sees the growth of the European bourgeoisie now. As they strengthen themselves, they also demand power and status.
Edelty's financial bill was a royal attempt to control the bourgeoisie. King Carroll also wants to take advantage of the financial crisis to put them under control. I just didn't expect that these foreign banks, which represent the European powers, would be completely united, and they could represent two opposing camps. It seems that Romania's little profit has brought the two opposing camps together.
The king's father and son summoned the chief steward, Viscount Edri, to report on the family. "The royal family now has £3.8 million in cash ...... because His Royal Highness Eder has invested in oil, automobiles, bicycles and other industries," Carol and his son discussed after the director's debriefing left.
"You have to have £10 million in money to fend off the financial attacks of these guys." Eder, who has the experience of later generations, said that for Eder, who has experience in later generations, he only knows that the two major socialist powers cannot afford to pay off their debts. How much it will help Romania, only God knows. This small Balkan country, which is now surrounded by European powers, does not dare to go beyond it in the slightest way only by abiding by the rules of the game.
"It's still too little." King Carroll thought of the governor's report, in fact, the royal family has a lot of assets, but most of them are real estate, and it is also difficult to realize land and houses. No one can eat it at home, but there are one abroad, but the royal family does not dare to sell it.
"In fact, there is a way to prepare enough funds." Edel looked at his father as he continued. "Americans have always been very thoughtful about the European market, and we ask them to mortgage and borrow goods, and I believe that they will not be rejected."
Eder and the old king discussed the details, and when they all thought it was feasible, they called the Prime Minister Stullley to discuss. As a pro-royal pie Stull is very qualified, after listening to the Crown Prince's plans. The old prime minister thought for a moment and said, "Your Highness, now we must act secretly and quickly, and don't give them too much time to react." ”
Later, the government sent a receipt to the four major foreign banks, saying that they needed to consider it for a few days because of the high stakes, and the heads of the banks who received the reply discussed again. "This time our ultimatum will bring Romania to its knees, and no one will be able to resist the four of us joining forces." Tiromotov said with a little interest, and the other three could also see it. Because today is discussing things, Tiromotov still has a bottle of wine in his hand, and it seems that he has been under a lot of pressure lately.
"I hope this is the best, as long as we unite the Romanians we can only give in." As Mondrick said this, his eyes still looking at Romandel, it was clear that his fears had some justification.
When Romandel saw this, he knew he couldn't be suspicious. "There will be no problem on my side, I'm afraid that Mr. Mondrick has forgotten to prepare the money for the goods, and if so, the Reichsbank can do it for me."
Hearing Romande's taunt, Monkric's face changed, and he was obviously ready to find this field, but was persuaded by Ellison, who had not spoken. "Well, we quarrel and can't bring a little profit to the bank, and now we need to unite to share the cake."
After listening to Ellison's speech, the two of them couldn't help but give him face and calm down. Ellison was pleased with the effect and continued, "I don't think this matter will be so simple to make them give in, and with my understanding that the king and father are not simple people, this matter may have twists and turns. ”
"So what do we do now?" Tiromotov, as the biggest interest party now, is also the most concerned question. "We now have to get rid of the trash fish first, and those who don't listen to us will reduce their loans and raise interest rates to force them to side with us. Also keep a close eye on the movements of the palace and the government, and be wary of any surprise attack they may have on us. ”
"Very well, let's do it." Tiromotov nodded and said, although the other two were dissatisfied with the Russians, they represented the others. I nodded in agreement, after all, it was a very good idea.
While the four of them were secretly negotiating, Edel called the chief of the guard, Calust, and quietly instructed him. "Go and get Mr. Smith here, and don't let anyone know." "Yes, Your Highness." Caluster replied and left the room.
After a while, Calust walked out of the palace with a guard, supposedly to buy something for the crown prince to Ploiesti, and returned the next morning with a pile of things.
"Your Highness, what are you looking for me?" Smith, dressed in a guard uniform and wearing a hat, asked. As for his secret return to Bucharest, Smith knew that he must have to pass on the word himself. An assistant told him about the events of the past few days, which made Smith feel that this was an opportunity, an opportunity to climb up.
"Mr. Smith, I need you to send this telegram to Mr. Rockefeller of your company." Eder handed the document to the American, and Smith took it and saw it. The royal family is willing to pledge 60 percent of the shares of the Romanian oil company and 80 percent of the shares of Volkswagen to Rockefeller's banks in exchange for a loan of 25 million US dollars, and another 25 million US dollars for part of the land in the royal family's name, and at the same time welcome American capital into the Romanian financial community, a total of 50 million US dollars (10.24 million pounds) in the loan. It is paid off in eight years at an interest rate of 4.5% per annum.
Smith felt motivated, knowing both oil companies and auto factories and believing the estimates were reasonable. "Your Highness, please wait for my good news."
That night, the document was presented in front of John Rockefeller's desk, along with Smith's current situation in Romania, and after John Rockefeller carefully read the document, he handed it to John Rockefeller Jr. and asked "how." ”
John Rockefeller Jr. thought for a moment, "It's a good deal." ”
John D. Rockefeller nodded to the butler and said, "Call Morgan and I think he'll be interested." ”
After a while, the butler handed the phone to John D. Rockefeller. "Good evening Morgan, I hope I didn't disturb you for dinner. I have a good deal here, I don't know if you're interested? "Rockefeller can call me at dinner time, and I'm interested in the deal." Morgan on the other end of the line said. Rockefeller told Morgan the telegram from Smith.
"This loan is very good, the Rohenzollern family in Romania is still very rich, I took this business, a land loan of 25 million US dollars, I can send them through the European branch. By the way, I will also send them your share of the loan. Morgan knew that the purpose of Rockefeller's call was to send the money quickly through his own channels. For a foot in the Balkans, not only Rockefeller was interested, but Morgan was no exception. If you can make money yourself, the European branch can also expand the scope of business, which is indeed a good deal.