Due to the enormous funds used for investing in gold mines, rashly putting this money into a newly established mining company will only incur the hostility of local bankers in the New Continent.
Although the funds that the bankers in the United States during this era could mobilize were far less than those of the established bankers in the Old Continent, the bankers entrenched in the Old Continent could leverage their local advantage of foreign capital from the Old Continent for strikes.
Despite the few "Pioneers of the Tis" present were not afraid to engage in a financial war with those bankers from the New Continent, they similarly did not wish to engage in conflict with the local forces of the New Continent.
Once both sides are drawn into a protracted war, it could transform into tens of millions, or even billions, of financial warfare.
Caught up in a financial battle, they might no longer be able to focus on the gold mine business, which would be sowhat counterproductive.
"I suggest establishing a bank to manage these funds!" Jero Bonaparte said, placing his hands together on his lap and smiling, as he looked at the bankers present and made his proposal: "The na will be Paris Industrial Bank, and it can simultaneously be announced as an investnt bank!"
"Paris Industrial Bank?" Emile Pereire repeated Jero Bonaparte’s words, a bit of a peculiar expression showing on his face, as if there was a sensation reminding him that the bank na was at odds with him.
Jero Bonaparte also noticed the change in Emile Pereire’s expression, his heart slightly apprehensive.
He wouldn’t...
Jero Bonaparte’s gaze revealed a hint of killing intent.
Only one traverser is needed!
"Mr. Emile, what’s the matter with you? Why the expression? Is it that the bank na doesn’t suit your taste?" Jero Bonaparte asked Emile Pereire in a "friendly" tone.
Emile Pereire, recovering, instantly responded: "Your Majesty, it’s nothing! I just thought the na was sowhat..."
"Sowhat what?" Jero Bonaparte asked with a smile.
"Sowhat indescribable feeling!" Emile Pereire shrugged helplessly and laughed.
"I see!" Jero Bonaparte nodded, Emile Pereire’s expression did not reveal any clues to him.
Seems I was overthinking!
Jero Bonaparte let go of the urge to quickly eliminate Emile Pereire.
Anyone who surpasses their era will always leave evidence of their existence, even if such proof is unconscious behavior.
From Emile Pereire’s actions and movents, Jero Bonaparte saw no signs of anything beyond his era, thus excluding the possibility of him being a traverser.
"Perhaps it’s destined that you should beco the manager of this bank?" Jero Bonaparte joked amiably to Emile Pereire.
Emile Pereire and the other bankers appeared surprised.
In their view, the gold mine was discovered by the President, the investnt was pooled by the President, the newly established bank should naturally be managed by the President himself. Even if the President couldn’t be involved in comrce due to regulations, it should be managed by soone close to the President to ensure control over the bank.
Unexpectedly, the President decided to have Emile Pereire serve as the bank’s president.
"Your Majesty, I..." Emile Pereire, dazed by the sudden opportunity, was sowhat at a loss for words.
"Mr. Emile Pereire, I know what you want to say!" Jero Bonaparte spoke softly, then looked at Count Algou and others, saying: "I believe in Mr. Emile Pereire’s ability. You folks should have no objections, I assu."
"Since it is your Majesty’s Holy Judgnt, we have no objections whatsoever!" Mane’s attitude clearly agreed with Jero Bonaparte’s appointnt.
Firstly because Mane was just nominated by Count Algou as a board mber of the Bank of France, naturally needing to resolutely follow the President’s lead, and secondly, due to Mane’s close association with Achille Fuld, who frequently praised the Pereire Brothers. Receiving a positive evaluation from Achille Fuld is indeed rare in all of France.
Mane believed that even without this appointnt, the Pereire Brothers would still be able to forge ahead in the future.
History proved Mane’s speculation correct; after the establishnt of the Second Empire, Emile Pereire, with the support of Napoleon III, established the Paris Mortgage Bank, whose initial capital was 63 million francs, and quickly raised a large amount of funding, swiftly breaking through the yearly billion mark.
Having soone handl billions of francs in the future manage a re 34 million bank felt like using a sledgehamr to crack a nut.
Of course, at this stage, the resources available under Emile Pereire’s Paris Discount Bank also hovered around 30 million francs.
The Pereire Brothers, who have spent nearly 20 million for the President, have demonstrated their loyalty through their actions.
Mane’s statent led the bankers, except for Count Algou, to set aside their concerns and support Pereire as the president of the soon-to-be-established Paris Industrial Bank.
"Your Majesty, isn’t it sowhat reckless to entrust such an important matter to Pereire?" Count Algou subtly suggested a dissenting opinion.
Count Algou did not doubt Emile Pereire’s ability; rather, he was displeased with Emile Pereire’s "radical" policies, always feeling that his "radical" strategies might plunge France into a debt abyss.
"Mr. Earl, we need soone like Mr. Pereire who dares to take risks!" Jero Bonaparte, of course, understood why Count Algou opposed Emile Pereire; differing financial philosophies could significantly affect their impressions of each other.
Historically, the reason why Emile Pereire did not beco a board mber of the Bank of France was not only because of himself but also because the Bank of France was filled with many conservative bankers who feared Emile Pereire’s "radical" strategies would bring disaster to the bank. Thus, they did not nominate the Pereire Brothers to join the Bank of France.
Even so, the Pereire Brothers seized the opportunity and almost used Sava Bank as a lever to topple the Bank of France.
Who knew that, as a supporter of Saint-Sierrism, Napoleon III suddenly turned to financial conservatism and rejected the Paris Mortgage Bank’s request to issue banknotes through Sava Bank.
It was a dramatic scene where ministers were ready to fight to the death, wondering why His Majesty had surrendered first.
"The New Continent is different from the Old Continent; they won’t abide by the rules as we do. An overly conservative economic philosophy will only bind us!" Jero Bonaparte slightly compromised, saying, "Let’s allow Mr. Pereire to serve for a while! If Mr. Pereire truly can’t perform, then we’ll dismiss him! What do you think of this?"
Count Algou remained silent for a mont, knowing this was Jero Bonaparte’s bottom line.
"Mr. Pereire, I hope you can indeed make a mark! Only then will the President’s trust in you not be in vain!" Count Algou earnestly said to Emile Pereire.
Emile Pereire breathed a sigh of relief, knowing Count Algou had agreed to his appointnt. He quickly promised Count Algou, "I will not disappoint everyone!"
"Good!" Jero Bonaparte applauded Emile Pereire!
Several other bankers also applauded one after another!
After discussions with Jero Bonaparte and Emile Pereire, it was decided to use the Paris Industrial Bank as the parent company to establish two subsidiaries in California and xico, and then have these subsidiaries cross-hold shares to inject capital into the gold mining companies.
"Don’t be afraid to spend money! No matter how much we spend, we can earn it back from those gold diggers! We must open up a channel for transporting gold from California to France!" Jero Bonaparte "encouraged" Emile Pereire.
"Yes!" Emile Pereire responded to Jero Bonaparte, already having devised a comprehensive "gold speculation" plan for California, an advanced version of Jero Bonaparte’s original plan.
By leveraging the gold craze to speculate on land, then implenting an enclosure plan in California, acquiring a certain number of lands at low prices, they would then call for the establishnt of a so-called "City of Gold" and go public on the New York Stock Exchange...
Emile Pereire did not realize that his "real estate-led" plan would create nurous unfinished buildings and countless bankrupt rchants in California, transforming it from a place where only gold diggers were hard to a world where everyone in California was hard.
The destruction caused by that crisis was so severe that the United States Federal Governnt and the Governnt of California had to investigate the originator of the real estate bubble.
After multiple inspections, they only traced it to a bank corporation in xico, and shortly afterward, the famous Arican Civil War began.
Once the war started, everyone’s attention turned to the war, and no one paid any more attention to the colossal real estate debt gap in California.
...
Led by Percy, Count Algou left the Elysee Palace. Just after stepping out, he recollected the events that had transpired in the Elysee Palace, silently reflecting on the changing tis in his heart.
At the sa ti, he had so expectations for Jero Bonaparte’s plans, as making money while being patriotic seed too good to be true.
Thinking this, Count Algou got into the carriage.
"To the Police Departnt!" Count Algou commanded from inside the carriage.
The carriage carrying Count Algou quickly departed from the Elysee Palace and arrived at the Police Departnt.
Upon entering the Police Departnt, Count Algou was promptly greeted by Police Chief Kalie.
"By order of the President, I have co to visit Baron Jas Rothschild! Where is Baron Jas now?"
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