Chapter 625: Capital operation

In a luxury club in Paris that is not open to the outside world, several oligarchs from the French financial community come together.
A kind-hearted old man asked with a smile: "I heard that Nino's little guy is in trouble. How is it 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 French financial circles.
The most frightening thing is that no matter what the circumstances, he has a smiling expression, including killing.
"Okay, old Duke put away your face. Everyone is an old acquaintance. Who doesn't know who! Every day is acting, you don't feel tired and we bother watching."
It is Dumas who speaks, because of the relationship of interests, the two often conflict.
Contradictions are contradictions, but this does not affect everyone's cooperation to make money. Now for the Panama Canal project, everyone is sitting up again.
In order to avoid the escalation of the conflict, the host of the party, Bales, decisively cut into the topic: "The two business matters matter, let's talk about the Canal project first!
Everyone knows the Suez Canal. The project that originally thought it would lose money has recovered all its investment less than seven years after navigation.
Now it can provide investors with generous returns every year, and 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 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 navigable distance between the East and the West will be shortened, the benefits can be imagined. "
The old Duke shook his head: "It's not that simple. The Panama Canal is not the same as the Suez Canal. We cannot get political support.
The Austrians did not want to see the canal open, and the British did not want to make the canal open. Even the Paris government may not support the Panama Canal.
The reason for this should be clear to you. The Mediterranean countries benefited most from the navigation of the Suez Canal. France and Austria are both beneficiaries. In order to strategically require the two countries to push the project under British pressure.
What about the Panama Canal? The biggest beneficiaries were the United States of America, followed by the Republic of Colombia, and other American countries also had some gains.
But we and the British and Austrian countries have received too little revenue, and apart from the canal itself, France has almost no revenue.
The Austrian Central American region has a small area, and railway construction can meet transportation needs. Without this demand, otherwise they can dig it themselves, and Nicaragua can also excavate canals.
Not to mention British Canada, where the land is typically sparsely populated, there are simply not so many commodities to transport.
In the eyes of politicians, such a cheaper project might as well not start.
As for the revenue of the canal, I'm sorry, I don'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 each year is not as many as our family passing through the Suez Canal.
If the economies of the Americas develop later, it may still be profitable. If the current situation, this project will lose almost 100%. "
This is a fact. There are hidden interests behind the Panama Canal, but hidden interests are not something that the government can get.
In contrast to the high investment, only the navigation fee is charged. The opening of the Panama Canal in this era was indeed a big loss. Otherwise, the original time and space will be delayed until World War I.
Without the government's participation, but also facing the knife of other countries, it is no wonder that the Panama Canal can be successfully navigated.
Bells smiled slightly: "Can the Panama Canal make money, can it be navigable, what does it matter to us?
As long as the outside world thinks this project has great potential, just like the Suez Canal now, it can make a lot of money.
I made a preliminary estimate that if this project were to operate, it would be able to leverage a capital of more than two billion francs. If you add peripheral income, this number will be even greater.
We just need to bite a piece of meat out of it. If the canal plan succeeds or fails, then let God decide. "
Everyone has figured out how much profit they can make. There is no doubt that this is a shocking scam, but this is also the most basic operation of capital. If you do not compose a dream, how can investors be willing to enter the pit?
For financial capital, they never care about the success or failure of the project. As long as they can be listed on the market, they can get rich returns. Long-term operation has never been a problem they need to consider.
The old Duke nodded: "What you said makes sense. We are not God. How do we know if the Panama Canal project will succeed?
What I think is to win the development right of the canal as soon as possible, and then go public.
If possible, it would be best to get Ingo Capital together. Make the cake bigger so that we can get the most delicious one.
Especially in Austria, there must be some lobbying of the Vienna government, at least to delay their intervention. "
Bells: "That's why I asked everyone to come here. Such a large project requires too many relationships to be coordinated, and everyone must cooperate sincerely to complete it."
Obviously, this is not so simple on the surface. Just a Panama Canal project is not worth joining with so many big names in the French financial industry.
As long as the cowhide is blown, it is not a canal project. It will also involve maritime transportation, processing manufacturing, banking ...
Maybe when the project runs, it will be a new round of bull market; when the project is finished, it will be the time when the stock market disaster erupts.
...
There are still many smart people. Morgan, who is far from New York, quickly discovered that something was wrong with his keen sense of smell in the 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 has no ability to mobilize the country's true strength. Moreover, there are allied nations staring at each other, they dare not act rashly.
If it were to confront Austria, the federal government could do nothing but protest. Without the government's involvement, what can these consortia do? Is it possible to organize mercenaries to defend Panama?
It's not that Morgan underestimated himself. The power of the consortium is really great, but that depends on what it does. If mercenaries are organized to face a big power, they are expected to die very miserably.
Not only the United States, but even Spain. It seems that Spain has a lot of influence in the Caribbean Sea. In fact, the colonies in this area have long been peeped by the Union.
Failure to take action, on the one hand, is to jealous of the strength of Britain, France, Austria and Austria and fear of hostility from 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 its troops.
Even if the Panama Canal is even more lucrative, the Spaniards are unlikely to offend Austria now and cause themselves great trouble.
Not to mention, the Philippines in the Nanyang region is just under the eyes of Austria. The Spaniards were able to preserve this land by relying on good diplomatic relations between the two sides, not so-called military strength.
Since the two friends are weak, and the French still have to pull them, the problem is very obvious.
Conjecturing the truth has increased Morgan's determination to cooperate with France. The money that is delivered to the door will not be earned for nothing. As for whoever pits in the end, it depends on the means.
We must know that the Morgan Consortium can develop to this stage. It broke out by pitting the British. The British can pit, and the French have no pressure.
...
Vienna Palace, looking at the information in his hands, Franz hesitated. He didn't know if he should cooperate with these consortia.
Starting purely from the interests, he seems to have no reason to refuse. The benefits promised by the French are still very generous.
But it did, and broke his bottom line. Although the Emperor Power Consortium is also engaged in financial business, it has never played a shocking scam.
After much hesitation, Franz made a decision: "Tell the people below to cooperate with the French, but the Panama Canal cannot be listed in Austria, and they decide at that step."
The money delivered to the door will not be earned for nothing, as long as the Panama Canal company is not listed in Austria, even if it has an impact, the consequences will be too serious.
If an investor ran to buy stocks, they should be sheared.
The Austrian Securities Regulatory Commission is still very strict. Such a company without any hair, unless it is endorsed by the government, otherwise will not pass the listing audit at all.
Franz doesn't think that the Vienna government will endorse the Panama Canal, and high-level government officials are very clear that unless Austria changes its national policy, this project will not be successful at all.
The French tried to pull the Austrian consortium into the market. The most important thing was to keep Vienna from being damaged. It was never thought of listing 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 the project is approved by the government, other companies must make a profit of more than 100,000 Aegis for three consecutive years.
No matter how the Panama Canal project is played, it is impossible for capitalists to come up with financial statements for three consecutive years before the navigation of the Canal.
Of course, the benefits are not so easy to take. There must be additional conditions. It is impossible to collect money for nothing. What exactly needs to be done and further negotiation is needed, which is not what Franz cares about.
The payout is directly proportional to the income. This time the plan was planned by the French, and they will naturally take the big head. The other participants are divided according to their contribution.
This is only a preliminary distribution intention. How much income can be obtained in the end is actually a matter of means. Capital is blood-stained, and competition is everywhere.
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