Holy Roman Empire

332 The Cotton Crisis

The British worried that Franz didn't know that at this time he was still having headaches for the Suez Canal project.

There are two main problems:

First, the Canal Company's massive use of slave labor has caused condemnation from European public opinion;

Second, the canal construction costs are overrun and need to increase investment.

The second problem is easy to solve. Canal Company has decided to issue additional shares to raise funds. It will not take long before the problem can be solved.

Under normal circumstances, it is not difficult for France and Austria to join forces to suppress European public opinion.There were not many Virgin Marys in this era, and few people would come forward for a group of Egyptian slave laborers.

Moreover, these slave labors were provided by the Egyptian government, and the Canal Company paid the Egyptian government.

Previously, even if there were reports in the newspapers, they were directed at the Egyptian government.After all, the workers are organized by them, and their salaries are withheld.

Anyway, Egypt is not a European country, and European public opinion is ridiculous, and they ca n’t feel it anymore.

It is different now. In order to promote cotton cultivation in Egypt, the British must compete with the Canal Company for labor.

The Suez Railway built by the British was also in competition with the Canal Company.

Conflicts of interest between the two parties cannot be avoided, and conflicts arise.In order to crack down on the Canal Company, John Bull provoked public opinion to exert pressure on the Canal Company.

Once the crap stick is shot, the shame cloth is not enough.France and Austria are not charitable. Canal Company wants to save costs and inevitably compress labor costs.

Now the Canal Company pays the Egyptian government one million Aegis each year, which seems to be quite a lot, but it is shared among 150,000 workers, and the per capita is 6.66 ... Aegis.

This figure is not enough for a month's salary for ordinary workers in Austria.Moreover, the money also includes compensation for land acquisition, labor management fees and so on.

John Bull not only revealed all the inside stories, but also attached several photos, including the photos of the workers' life and work.

Bloody photos, accompanied by artistically processed textual descriptions, Franz saw sympathy everywhere.

If you look closely, you will also find that the overseeing supervisor is Egyptian, which is the only good news.

The benefits of labor subcontracting have emerged, and there is one more thunder.If it were n’t for John Bull ’s deliberately creating public opinion, the Canal Company would push the responsibility onto the Egyptian government and nothing would happen.

Franz asked: "What are the French going to do?"

The French are now leading the construction of the canal, the French are also at the center of public opinion, and the French government is also the most stressed.

After all, the French people are full of internationalism.Newspapers in France are attacking the Canal Company, and even more directly criticizing the French government and demanding that the Paris government be responsible for it.

When the same thing arrives in Austria, the public opinion will be much more relaxed. The newspaper has a fair and objective analysis responsibility, and it firmly refuses to blame it.

The first to be criticized is naturally the Egyptian government, and mainstream public opinion believes that the Egyptian government has failed to perform its responsibilities and has to bear the main responsibility.

The second is the poor supervision of the Canal Company, which is the responsibility of the company's management.

The problems of listed companies and multinational joint-stock companies are naturally not related to the Austrian government.If minority shareholders are responsible for this, aren't stockholders all responsible?

Foreign Minister Weisenberg replied: "The French are still hesitating and have not given a clear attitude. Public opinion in France has put a lot of pressure on them.

There was news from the embassy that the people of Paris had already taken to the streets to march, and Canal ’s headquarters in Paris had been surrounded by parade crowds many times and could no longer function normally.

Our representative has proposed to the board of directors of the Canal Company that the headquarters should be relocated to Vienna to ensure that the office can proceed normally. It is still under discussion."

Franz had no doubt about the relocation of the headquarters.There are not one or two companies that were forced to go away by the French people in history. Businesses can't work normally, and they can't move without moving.

As an investor, Franz did not want the French government to intervene in Canal ’s operations.

Anyway, the reputation of the Canal Company is not within the investor's consideration.Unless the government intervenes, the canal management will definitely die.

The current situation is much better than in history.Everyone knows that the Suez Canal is a joint project between France and Austria, but the private newspapers have scolded them fiercely, and no governments have expressed their opinions.

Politicians are not stupid. Now the three countries of Britain, France, Austria and Austria are engaged in political games, showing that their attitude is to stand in diplomacy.

The British are indeed very bullish, but on the European continent, the two countries have more weight in speaking. Even the younger brother of the British now knows that silence is gold.

Franz thought for a while and said: "Well, since the British broke the rules first, then you are welcome.

Find an opportunity to sell the British black history we collected to the Canal Company.Let us in the Canal Company hands on this counterattack."

This is not the best way, but the most effective way.No one is much cleaner than the colonial empire of this era.

The British can expose the black history of the Canal Company, then the Canal Company can naturally expose the British black history.

Anyway, behind the Suez Canal Company is the two countries, France and Austria, and the British government will match up, and there is no need to counsel.

When everyone is pulled to the same level, public opinion is busy, and it will not continue to stare at the Canal Company.

News will attract everyone's attention only because it is new.When the storm passed, the management of the Canal Company announced that it would improve the treatment of labor, for example, adding a potato every day and buying several newspapers to wash it.

This is a matter of policy, and now Canal Company cannot admit it.No matter how you do it, it is impossible for everyone to be satisfied, and it may even cause more trouble.

...

In West Africa, an uninvited guest was ushered in the manor of the large planter Carlos.

"Sir Carlos, we are very sincere in buying cotton this time. We can increase the cotton price by another 10% last year."

Carlos smiled slightly and said, "I'm sorry Mr. Max, I really didn't feel the sincerity you said.

The American Civil War broke out, and this year's cotton production cut is a foregone conclusion.Coupled with the blockade by the northern government, how much cotton can be shipped out is a problem.

Last year, the cotton harvest was low and prices were low.Under so many favorable conditions, cotton prices will certainly be guaranteed.

As far as I know, the price of cotton in London's futures market has risen by 56%."

Max explained casually: "Sir Carlos, the price of cotton in the futures market is speculated.

You should know what it means to increase the cotton price by 56%. The market simply cannot afford this sky-high price."

This is a fact. The cotton price has risen by 56%, and the cotton spinning industry simply cannot accept it.Otherwise, even if cotton is produced, it will not be sold in the end.

In this era, the affordability of the market is limited.Industrialized cotton cloth is popular, mainly because it is cheap.Suddenly increasing the price by half, the people simply cannot afford it.

The two fell silent, and after half a sir, Sir Carlos quoted the price: "The price increased by 40% last year, and all my cotton will be sold to you this year."

Max shook his head and said: "Last year's price increased by 12%, which is the highest price of cotton in the past ten years."

Sir Carlos sneered: "As far as I know, the Felic Trading Company's cotton purchase price seems to be about to increase by 12% this year. If it is the same price, why should I sell it to you?"

Max quoted again: "Okay, I'll raise two more points, is this always possible?"

Sir Carlos shook his head: "Mr. Max, Felix Trading Company has long acquired cotton in West Africa, and your Daville company has been buying cotton in the United States.

This multiple-choice question is very easy to do. I ca n’t offend long-term partners for a little benefit. Planters in West Africa will not do this.

If you just want to buy a batch of cotton for emergency, then I suggest you buy it directly from Flickr!"

Max had a headache. This was the biggest trouble.It was precisely because the supply of cotton in the United States could not be guaranteed this year that the country allowed him to purchase cotton in West Africa.

But the market here has already been done. They want to step in and there is no way but to increase the price.

As for buying from cotton merchants, it is strange not to be blackmailed.Originally he wanted to make a time difference and flickered about the uninformed plantation owner, but he failed at the beginning.

...

London ’s Davill Cotton ’s acquisition of the company ’s headquarters is discussing news of the failure to snap up cotton from West Africa.

Purchasing director Kenneth said: "It is now clear that the news of the American Civil War has come. Unless we increase the cotton purchase price by a large margin, we will never win the Austrians.

We need to know that if we buy cotton from West Africa and pay import and export tariffs, the original cost will be much higher than them.

Now if the price war is fought, even if enough cotton is acquired in the end, it may not be possible to make money."

This is a realistic question. Whether cotton can be shipped back to the United States is still an unknown number, which is related to the price of cotton in the coming year.

If the northern government blocks the south, cotton prices will skyrocket, and their merchants who hoard cotton will make huge profits.On the contrary, we must consider how to sell the cotton in our hands.

Marketing Director Marty analyzed: "Because of the civil war, US cotton production has fallen by at least three tiers this year, because the cotton in the war-torn India region has been cut for three consecutive years.

Even if the cotton harvest in West Africa is in abundance, the overall international cotton production is still in a downward trend, and the increase in cotton prices has become inevitable.

It is not far from the day when cotton is harvested.If we want to grab enough cotton, we must be fast."

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