Holy Roman Empire

In Paris, a luxury club that is not open to the public, several oligarchs from the French financial community gathered together.

A kind-hearted old man asked with a smile: "I heard that the little guy in Nino is in trouble, what is happening now, have you completed the task?"

If it is not a familiar person, no one knows that this kind-hearted old man is the biggest vampire in the French financial world.

The most embarrassing thing is that no matter what the situation, he is a smiling expression, including murder.

"Okay, old Duke put away your face, everyone is an old acquaintance, who doesn't know who! Every day is acting, you are not tired, we are all annoying."

Dumars is speaking, because of the interests, the two often clash.

The contradictions are contradictory, but this does not affect everyone to work together to make money. For the Panama Canal project, everyone is sitting up again.

In order to avoid the escalation of conflict, the host of this meeting, Bells, decisively cut into the topic: "The two business matters are important, let's talk about the canal project first!"

Everyone at the Suez Canal knew that the project that was originally thought to be losing money paid back all its investment less than seven years after it was opened to traffic.

Now it can provide investors with generous returns every year. The income also grows with the development of overseas trade. If there is no accident, this income will continue for hundreds of years.

Of course, this is a special case.The special terrain of the Mediterranean Sea is not available everywhere. It is almost impossible to replicate the success of the Suez Canal.

The Panama Canal should be the closest to the Suez Canal. Once the East-West Pacific is navigable, the distance will be shortened, and the benefits can be imagined."

Old Duke shook his head: "It's not that simple. The Panama Canal and the Suez Canal are different. We don't have political support.

The Austrians did not want to see the canal open, the British did not want the canal open, and even the Paris government might not support the Panama Canal.

The reason for this should be clear to you.The Suez Canal navigation benefited the most from the Mediterranean countries, both France and Austria are beneficiaries. For the strategy, the two countries need to push the project under the pressure of the British.

What about the Panama Canal?The biggest beneficiary is the United States of America, followed by the Republic of Colombia, and other American countries have also achieved some gains.

However, we and the British and Austria have gained too little. Except for the canal itself, France has almost no revenue.

The Austrian Central American region is not large in area, and the railway can meet the transportation needs. If there is no such demand, otherwise they will dig themselves, and the Nicaragua can also be dug.

Not to mention British Canada, where the typical land is sparsely populated, there are simply not so many commodities that need to be transported.

In the view of politicians, such a cheaper project for others is better not to start.

As for the benefits of the canal, I ’m sorry, I do n’t think the Panama Canal can catch up with the Suez Canal.

Judging from the economic situation in the Americas, perhaps the number of ships passing through each year is not as large as that of our family passing through the Suez Canal.

If the economies of the Americas in the future develop, they may still be profitable. If, according to the current situation, the loss of this project is almost 100%."

This is a fact. There are hidden interests behind the Panama Canal, but hidden interests cannot be obtained by the government.

In contrast to the high investment, only the navigation fee is charged. The opening of the Panama Canal in this era is indeed a huge loss, otherwise the original time and space will be delayed until the first world war.

Without the government ’s participation, it would be strange to face the stabbing of other countries to make the Panama Canal sail smoothly.

Bells smiled slightly: "The Panama Canal is not profitable, can it be navigated, what does it matter to us?

As long as the outside world thinks this project has great potential, just like the Suez Canal today, it is enough to make a lot of money.

I initially estimated that if this project is put into operation, it can mobilize more than a billion or two billion francs in capital.If the peripheral income is added, this number will be even greater.

We just need to bite off a piece of meat from it. The success or failure of the Canal Project will be decided by God."

Everyone has calculated how much profit they can make. There is no doubt that this is a terrifying scam, but this is also the most basic operation of capital. How can investors be willing to enter the pit if they do not compile a beautiful dream?

For financial capital, they never care about the success or failure of a project. As long as they can operate and go public, they can get rich returns. Long-term operation is never a problem they need to consider.

Old Duke nodded: "What you said makes sense, we are not gods, how do we know if the Panama Canal project will succeed?

What I think is to win the canal development right as soon as possible, and then go public.

If possible, it is best to be able to get British and Austrian capital to work together.The bigger the cake, we can get the most delicious one.

Especially in Austria, someone must lobby the Vienna government to at least delay their intervention."

Bells: "This is also the reason why I invite everyone to come. Such a large project requires too many coordination relationships, and we must cooperate sincerely."

Obviously, this is not so simple on the surface, just a Panama Canal project is not worth the cooperation of so many big players in the French financial industry.

As long as the cowhide is blown up, it is not a canal project.It will also involve maritime transportation, processing and manufacturing, banking ...

Perhaps when the project is in operation, it will be a new round of bull market; when the project is finished, it will be when the stock market crash broke out.

...

There are still a lot of smart people. Morgan, who is far away in New York, quickly discovered something was wrong with his sharp sense of smell in his financial market.

The Panama Canal does not require the participation of the United States at all. Even if they participate, they can do nothing but provide money.

The United States has many internal contradictions and the federal government is weak. It simply has no ability to mobilize the real power of this country.Moreover, there are coalition nations staring at them, and they dare not act rashly.

If it were against Austria, the federal government would do nothing but protest.Without government intervention, what can these consortia do?Do you organize mercenaries to defend the Panama area?

It's not that Morgan underestimated himself. The strength of the consortium is indeed great, but that depends on what you do.If the mercenaries are organized to confront the powers, it is estimated that they will die very miserably.

Not only the United States, but even Spain is not much better.It seems that Spain's power in the Caribbean Sea is not small, in fact, the colonies in this area have long been peeped by the coalition countries.

Failure to take action, on the one hand, is afraid of the strength of the three countries of Britain, France and Austria, and fears of being hostile by European countries; on the other hand, it is mutually restrained with the United States, and it is easy for the enemy to take advantage of the risk of troops.

Even if the Panama Canal is of great interest, the Spaniard cannot offend Austria now and cause himself great trouble.

If nothing else, the Philippines in the Nanyang region is under the eyes of Austria.The Spaniards can keep this land, relying on good diplomatic relations between the two sides, rather than the so-called military strength.

Since the two friends are not helping, the French have to pull them in, the problem is very obvious.

The truth was speculated, but instead increased the determination of Morgan to cooperate with France.The money sent to the door does not make money, but as for whoever pits it in the end, it depends on the means.

You must know that the Morgan consortium can develop to this stage by pitting the British. The British can pit, and the French naturally have no pressure.

...

Vienna Palace, looking at the information in his hand, Franz hesitated, he did not know whether to cooperate with these consortia.

From the standpoint of interest alone, he seems to have no reason to refuse.The interests promised by the French are still very generous.

But he did it and broke his bottom line.Although the King Power Consortium is also engaged in financial business, it has never played a horrifying hoax.

After hesitating again and again, Franz made a decision: "Tell the following people that they can cooperate with the French, but the Panama Canal cannot be listed in Austria, and they will decide on their own at that stage.

The money sent to the door is not profitable, as long as the Panama Canal Company is not allowed to be listed in Austria, even if it has caused an impact, the consequences will be too serious.

If any investors ran to buy stocks, they deserved to be sheared.

The Austrian Securities Regulatory Commission is still very strict. This kind of enterprise with no hair, unless it is endorsed by the government, will not pass the listing review at all.

Franz does not think that the Vienna government will endorse the Panama Canal. The high-level government is very clear that unless Austria changes its national policy, this project will not succeed at all.

The French tried to pull the Austrian consortium into the market, the most important thing is to let Vienna not destroy, and never listed in Austria.

The reason is very simple. According to the latest securities laws of the Vienna government: companies listed in Austria have strict performance requirements. Unless it is a government-approved project, other companies must have a profit of more than 100,000 Aegis for three consecutive years.

No matter how fun the Panama Canal project is, before the canal is opened, capitalists cannot produce financial statements that have been profitable for three consecutive years.

Of course, the benefits are not so easy to get.There must be additional conditions, it is impossible to pick up money in vain.What needs to be done needs to be further negotiated and determined, which is not what Franz cares about.

The effort is proportional to the profit. This time the plan was planned by the French. They will naturally take the lead.The other participants must divide their money according to their contribution.

This is only a preliminary distribution intention, and in the end, how much income can be obtained, in fact, depends on the means.Capital is blood-stained and competition is everywhere.