America 1919-Chapter 653

Chapter 653: 227, United States version of demolition_3 Chapter 653: 227, United States version of demolition_3 Donnie reminded the three of them.

It was, of course, no problem for the three.

Seeing their excited expressions, Donnie felt compelled to remind them again, “This matter is very important for the future development of Atlantic City, don’t overdo it, understand?”

Clearly, Donnie also knew that these three were no easy marks, but in his view, there wasn’t much of a problem to begin with, plus, the interests that would be harmed were definitely those of the Black community—whether they lived or died was none of his concern!

The trio left Surf Hotel and sat down together.

Regarding the distribution of shares in the new company among the three, since it had already been discussed earlier, there was no need for further discussion.

What they needed to deliberate was how to gain more benefits from this affair.

“Gentlemen, Donnie and Nucky have left this task to us, which obviously means they want us to profit from it!”

Sitting in the bar, Eli’s mood was excellent, having lost his previous dissatisfaction with Nucky making way for Donnie.

...

John asked Eli blankly, “What do you want to do?”

Eli responded, “Didn’t Donnie just say it?

Not many people know about this yet, only Irving from the North District knows, and he probably hasn’t spread the word yet.

I’ve already sent someone to call him.

We can join forces with Irving to buy more properties there, and then rent them out at low prices.

When the North District is redeveloped later on, won’t we make a fortune?”

John thought for a while and said, “Aren’t we taking money from Donnie and Nucky’s hands with this?

I won’t do it!”

Eli gave John a dismissive look and replied, “Are you foolish?

The key to this operation is no matter whose hands these houses end up in, they are definitely going to be taken away eventually.

When Donnie and Nucky come to buy them, we’ll sell at the market price at that time.

If they’re in the hands of the Black folks by then, they will surely ask for a high price, and to quell their grievances, Donnie and Nucky might even end up paying more.

What we’re doing now is actually sparing them both the trouble!”

After some thought, John still couldn’t grasp the logic, so he simply turned to Westglenn and asked, “What do you think about this?”

After pondering, Westglenn said, “I think Eli has a point.

If we can acquire some land in North District now, it will be easier when Donnie and the others conduct demolitions later.

And as Eli said, they’ll have to spend the money anyway.

Either it falls into the hands of those Black people or into ours.”

John suddenly understood and said, “If that’s the case, then I have no objections!”

All of a sudden, an excited John said, “Couldn’t we also do something in the new North District, like buying some land there in advance to build apartments and villas, which we could then sell or rent to the Black community?”

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Westglenn and Eli hadn’t expected John to come up with such an idea themselves, but naturally, they wouldn’t refuse such a thing.

As they came to an agreement, Irving, with a head full of question marks, arrived.

Hearing the plans of John and the others, he didn’t even know what to say.

He hadn’t yet figured out how to convince the people of the North District, and here they were already planning to make money from it.

However, the idea proposed by the three of them undoubtedly attracted Irving, because the plan could indeed bring tangible benefits.

Given that there was no way to change the relocation of the North District, it seemed he had no other choice.

So, Irving simply hesitated for a moment before agreeing to the invitation of the three men and joined their plan.

Meanwhile, Donnie was also getting ready for another matter.

With the North District being predominantly Black and the Black community being poor, even with the demolition compensation, only a small portion would be able to afford houses in the new North District.

Hence, Donnie needed to provide them with additional financial resources!

Loans!

“Donnie, you’re leading Breton Bank into a crisis!”

Dick had not expected that Donnie, who had summoned him to rush over from New York, wanted him to provide loans to the Black community of Atlantic City!

In the current United States, banks mainly served the White community.

As for the Black population…

one could refer to the bank loan policies of later decades, where basically, banks were keen to lend to those with money and reluctant to lend to those without, even if they had all the necessary paperwork.

Not only would providing loans to Black individuals involve high risks, but it would also invite ridicule from peers in the industry.

So, upon hearing Donnie’s intentions for Breton Bank to provide loans to Black individuals, Dick’s first reaction was to reject the idea.

“Dick, I’m a shareholder of Breton Bank, and the bank’s interests are my interests.

I naturally wouldn’t let Breton Bank face a crisis.

You are aware of the situation in Atlantic City—these Black workers’ wages have to go through our accounts…”