America 1919-Chapter 855 - 292, The complete look of Atlantic City_3

“As for Bethlehem Steel Corporation… Mr. Warburg, to put it bluntly, the steel plates produced by Bethlehem are indeed the most suitable for shipyards, but they are not irreplaceable. We choose Bethlehem now because in terms of cost control, Bethlehem Steel is the best fit, but as long as we wish to find alternatives, we will be able to find them.”

Their quality may not match yours, so their prices are naturally lower, and actually, when we do the math, it doesn’t cost us that much more!

I even believe that once Trident Shipyard puts out their demand, there will certainly be new steel companies researching appropriate steel plates.

As for the private train matter, you just mentioned, Mr. Warburg, that we at Venus have a close relationship with Morgan and Rockefeller, especially since Morgan has completed the reorganization of the New York Central Railroad Company. We can solve this problem by working with them!

Having said this, Donnie paused for a moment before continuing: “So, Mr. Warburg, your only advantage is the Federal Reserve, which is also the most important prerequisite for us to reach a cooperative agreement.”

If you cannot agree to this condition, I don’t see the need for other forms of cooperation!

Donnie’s words were straightforward, and it was precisely because of this candidness that Paul Warburg felt somewhat dissatisfied. However, he concealed his dissatisfaction very well.

Without any expression.

“Mr. Block, you’ve really given me a difficult problem!” said Paul Warburg helplessly.

Donnie smiled easily. If it were any other time, Paul Warburg would have directly rejected Donnie’s proposal.

The Federal Reserve is not his alone; it belongs to the topmost interest groups of the United States. Allowing Venus Bank to join the Federal Reserve as a shareholder means giving Venus a slice of other people’s cake.

This naturally also includes the Kuhn, Loeb & Co. consortium.

In such a vast and complex interest group, finding a balance and introducing Venus, no matter how the consortium operates, will inevitably make them competitors to some people.

Previously, during the heydays of the Kuhn, Loeb & Co. consortium, Paul Warburg naturally did not need the Atlantic City market.

But now is different. As Donnie said, the Kuhn, Loeb & Co. consortium is on the decline, facing many difficulties.

In such a situation, they can only develop new markets because this is the only way to cover up all the issues within the consortium.

Clearly, Atlantic City is now the most suitable!

“If you, Mr. Warburg, can agree to our cooperation proposal, I have a very good investment plan to offer you, and I have already invested more than one hundred million US Dollars into this project, which can also provide the consortium with more cash flow!”

Seeing Paul Warburg’s hesitation, Donnie continued to throw bait.

Paul Warburg’s face changed slightly; he felt overwhelmed by the sheer amount of information he had received that day, too much for him to digest in a short time!

Now Donnie says he has already started an investment project of over a hundred million US Dollars?

What kind of significant investment is this?

Paul Warburg was eager to know.

“What is the investment plan?”

Donnie shook his head and said with a smile: “I’m afraid I can’t tell you directly, Mr. Warburg. Of course, I believe when this capital enters the market, you’ll definitely notice. But by then, you’ll have missed the optimal entry point, and even if you, Mr. Warburg, were to enter, it would only be for the leftovers!”

Paul Warburg was intensely curious, but in the end, reason took hold.

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“Mr. Block, I must say, this conversation with you has indeed been very enlightening, but joining the Federal Reserve is not a simple matter. I can’t give you a definite answer right now; this requires serious consideration!”

“Of course!”