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Situ Nan calculated, after spending 10 million US dollars to invest in Kodak, he still had 50 million or 60 million US dollars in funds. (The fastest update speed is on the Aishang Novel Network biquge.info)

However, he already has other clear investment projects for this money, which cannot be changed casually, and in the past two years, in order to raise funds to continuously enrich his oil companies and steel companies, Situ Nan has borrowed heavily from banks in New York, and now these debts have accumulated more than 100 million US dollars.

Fortunately, these debts are benign debts, and after more than two years of continuous investment, Situ Nan's oil and steel companies have begun to turn losses into profits, which makes some bankers with other thoughts feel relieved and disappointed.

Glad that the bank's loan can be recovered, they are also profiteers, and the loss is that their coveted goal has not been achieved, Situ Nan finally got through a difficult two years, and now Occidental Petroleum and California Steel have grown and fattened, and Situ Nan is finally not afraid of other people's coveting.

However, even if his industry is making money day by day, Situ Nan has not been able to get half a penny, because since he swallowed up the British $300 million worth of US Treasury bonds, he has been burdened with more than $200 million in debt.

These debts are paid off with the products of his companies. Therefore, the British are Situ Nan's biggest creditors, and Situ Nan will not get a penny of profit until these debts are repaid, and the only benefit is that he is holding the $300 million US Treasury bond in his hand.

A quarter of these treasury bonds have been sold by Robles Securities Company last year, which made Situ Nan breathe, the pressure on funds is not so great, his previous stall is too big, so there must be a certain amount of funds in his hands, otherwise once the capital chain is broken, it will be a big trouble, and it will go bankrupt!

Now that three-quarters of the US Treasury bonds are still in their hands, they cannot be sold for a while, and it is too much of a loss to take them to the bank to mortgage, so it is better to wait a little longer, wait for two more months, and then these things will be worth a lot of money, and the American people will not buy them like crazy?

However, the result of this is that it occupies a lot of Situ Nan's funds, so the pressure on funds is still quite large.

Robles returned to New York as soon as Christmas in Pittsburgh to take charge of the sale of Treasury bonds, because Situ Nan had said that whether he drank porridge or ate this year depended on the sales of these bonds, so Robles did not dare to be careless.

At the beginning, Situ Nan thought that he would spend 100 million US dollars in Occidental Petroleum and 50 million US dollars in California Steel, and then two super companies would be built.

But sometimes the gap between reality and ideals is quite large, and the actual situation has troubled Situ Nan for a while. Because:

Occidental Petroleum wanted to compete with Mobil, and California Steel needed far more money than Stuart had predicted if it wanted to compete with steel companies in the Northeast, so he had to grit his teeth and borrow heavily from banks and private equity firms.

He is also single, since he wants to borrow, he will borrow more, the more the better, so he is also in debt.

Like Occidental Petroleum Company, Situ Nan invested 300 million US dollars before and after, and California Steel invested 100 million US dollars.

There is no such thing as a free lunch, and these loans are lent out in the name of Occidental Petroleum Corporation.

If it cannot be returned when it is due, part of the shares of Occidental Petroleum will fall into the hands of creditors, and the amount of these loans is relatively large, and it is difficult to say that they will make a wedding dress. So there is still a certain amount of risk.

As for inviting new investors, Situ Nan didn't think about it, he had to have a certain strength, but he couldn't threaten Situ Nan, and it was not easy to find such an option.

But later, under the reminder of Hengda, Situ Nan really found a group of rich people.

Situ Nan has always been careful to keep his vigilance against those giant families in the east, and he does not want the shares of Occidental Petroleum companies to flow into their hands, especially Rockefeller, and everyone in the world knows how greedy he is for oil!

However, he left a back door, and he postponed the repayment deadline of all loans until four or five years later at the earliest, when the war was over and the Western oil companies were full, so they could naturally afford to repay.

Moreover, Situ Nan used the method of installment payment to delay the repayment period for a long time, which means that in the previous years, Occidental Petroleum only had to pay a certain amount of interest.

As long as the capital chain of Occidental Petroleum is maintained, with the strong market demand for oil in the next two years, Situ Nan believes that the difficult days of these two years are about to pass.

On the one hand, Situ Nan has to maintain a certain cash flow, and on the other hand, he has a lot of projects to invest, and he always feels that the money is not enough.

For example, if you make a lot of money last month, you will spend it immediately next month, and it will be splashed out like running water.

Maybe it's just about earning, spending, and earning····· It goes on and on.

People are always like this, greed knows no bounds. Sometimes we want a lot and we may get a lot, but we never get it.

So when Situ Nan heard Andrew's invitation to partner with him, he was a little hesitant.

He thought about it for a moment and decided to accept Andrew's kindness.

"Then I'll subscribe for a $5 million share! You know, Andrew, like you said, you can spread out, you need money everywhere! Situ Nan said.

"Understand, understand." Andrew said with a smile that he was satisfied with the fact that the task was completed 1/4 of the way at once, and that he could raise the remaining $15 million from elsewhere.

In this way, the cooperation of the explosives company was decided by Andrew and Situ Nan after a few chats.

With Andrew's relationship with the government, the explosives factory will get enough orders. Moreover, it was January 1917, and it was probably not long before the explosives factory was built, and the order from the White House flew in.

There will be no less money to be made from studying, but Situ Nan knows that this matter is led by the Mellon family, and the others just follow behind to drink some soup.

After all, the strength of the Mellon family is there, they have been operating in Pittsburgh for several generations, and they are the first family in the Pittsburgh area to exceed 100 million dollars!

Although the Carnegie family was also a smash hit, the Carnegie family withdrew from U.S. Steel after Carnegie Steel was acquired by Morgan.

Since then, the strength and influence of the Carnegie family have not been as good as before, and the gap with the Mellon family has also widened. So the Mellon family is actually the first family in Pittsburgh and even Pennsylvania.

With such a big family, everything will naturally go much smoother. The common point is that both black and white dishes can be eaten.

In fact, shortly after the United States declared its entry into the war, Andrew, who was very powerful, received a $192 million loan from the government specifically for the construction of an explosives factory.

During World War I, this explosives factory provided the U.S. military with a large amount of gunpowder, which was a major guarantee of American-style victory.

After the war, the scale of this explosives factory was second only to that of the Dupont family's gunpowder factory, which Situ Nan did not expect at all.

Situ Nan regretted that he was not willing to invest more and occupy more shares at that time, otherwise he would have made more money.

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