Upon hearing this, the old fox Charles Morgan also said with a smile on his face:
"Yes! Alvin is here too, so the three of us can come up with a charter. But I have to explain something here. It's not a big problem to ask the local government to use tax revenue to guarantee the highway construction project.
However, it is definitely unrealistic to expect the local government to deposit the same amount of tax revenue as the loan amount into the bank that provides the loan. We must first make this clear.
After all, this is a right that only the central bank has. Besides, if the local government has so much tax revenue to deposit in this bank, they won’t need to ask us to lend money to build roads.”
With just a few words, Fang Lang's wishful thinking was brought down to earth, and everyone returned to reality.
There is even an intention to weaken the importance of this bank.
Fang Lang heard this, flicked the ash off his hand, and smiled calmly:
"Mr. Morgan is right. I just said it casually before. But this does not mean that we have no chance to use this matter to establish connections with the central banks of various governments!
As long as we can establish connections with central banks of various countries, does it mean that we have obtained the qualifications to enter that country to engage in financial business?
...
...
In the European aid plan that is about to be launched, having this qualification means that we can directly provide loan services to other industries in various countries. I think everyone knows clearly what this means!
These are the most basic financial services, and what I am concerned about is that once this bank has established connections with the central banks of these countries at the same time, it means that there is a really big business that is open to us. "
Fang Lang’s meaning is very simple. You, Morgan, want to reduce the importance of this bank, but I will increase its importance and will not let you easily gain control of this bank.
But the real big business he mentioned at the end still attracted everyone's attention. Eli Morgan and Harken Morgan looked at Fang Lang in surprise, somewhat confused about what the big business he was talking about was.
After hearing what Fang Lang said, the cunning Charles Morgan's eyes flashed with a gleam, as if he had some guesses.
Alvin Rockefeller always had a smile on his face, and said to Fang Lang:
"Haha... Fang, it seems you have a better idea. This is really great. Why don't you set up this bank?
I fully believe in your business acumen, and I am willing to merge our Chase Manhattan Bank into your plan. What do you think? "
It must be said that old ginger is still spicy. When Alvin Rockefeller said this, not only Fang Lang dropped his jaw, but also several people from the Morgan family were stunned.
The Morgan family, who had just been thinking of becoming a major shareholder and controlling the bank, was kicked out of the organization by Rockefeller's words. How could the three Morgans not grit their teeth?
As for his proposal to merge Chase Manhattan Bank, which his family controls, into this bank, it was obviously to obtain sufficient shares and voice.
Before Fang Lang could reply, Harken Morgan at the side couldn't help but speak first.
"No, the financial industry is the main business of our Morgan family. We are professional in running a bank. The organization rights of this bank must remain in the hands of our Morgan family."
Fang Lang and Rockefeller frowned when they heard this, but Alvin Rockefeller soon smiled and turned his attention to Fang Lang.
He looked like he was following Fang Lang's lead.
Fang Lang certainly would not easily believe Alvin Rockefeller's words, this was clearly his opponent's strategy. If the Rockefeller family really merged Chase Manhattan Bank into it, how could he possibly gain control of this bank.
Not to mention the current Morgan Global Bank, Fang Lang is only a major shareholder, owning 70% of the shares, and the remaining 30% is still in the hands of the Morgan family.
The Brazilian Development Bank, which is far away in Brazil, has developed very well in the past two years, but Brazil is not the United States and its size is still small. Even if it is incorporated into this project, it obviously cannot be compared with the Chase Manhattan Bank of the Rockefeller family.
Therefore, not to mention that the Morgan family would not agree to this plan, even Fang Lang would certainly not be able to accept it.
But Alvin Rockefeller's position still made him very satisfied. After all, there were three people from the Morgan family here, while there were only two of them together.
Fang Lang's eyes accidentally swept to the huge clock in the room. The time was already 2:30 in the middle of the night. He then looked at the other people who seemed to be still very energetic.
He sighed helplessly and said:
"Everyone, I know what you are thinking. You all want to get more shares, but it's too late now. Can you please be open and honest and show some sincerity?
Don't dilly-dally and waste everyone's time."
After saying that, he glanced at the people in the room again. Seeing that everyone was waiting for you to speak first, he said helplessly:
"Okay! Since no one wants to speak first, let me speak first!
First of all, I would like to thank Mr. Rockefeller for letting me organize the business. But as everyone knows, my main job is a soldier, and I don't have much time to manage the specific business.
So, I want to apologize to Mr. Rockefeller here. I am definitely not suitable to be the organizer of this bank. Although Mr. Harken Morgan's words are not very pleasant to hear, we have to admit that the Morgan family is indeed a real expert in the financial field.
Therefore, my opinion is that the Morgan family should be responsible for the specific management of this bank."
After saying that, he glanced at Alvin Rockefeller, only to see that he was lowering his head and slowly filling his pipe with tobacco, as if he didn't hear what Fang Lang said.
But Fang Lang knew that the other party must agree with his point of view, after all, he did not raise any objection.
Harken Morgan and Eli Morgan both showed joy upon hearing Fang Lang's words. Only the old fox Charles Morgan remained calm and waited for Fang Lang's next words.
“But since we are working together, at least fairness must be guaranteed. So, my opinion is that the shares should be distributed according to 30% each, and a portion of the remaining 10% should be used as equity rewards for the bank’s future management.
Of course, since it has been decided to hand over the bank to the Morgan family for management, the shares can also be controlled by the Morgan family."
After hearing Fang Lang's words, Alvin Rockefeller lit his cigarette with a match while glancing at Fang Lang and the Morgan family members out of the corner of his eye.
He noticed that Fang Lang was looking at him with clear eyes and a clear conscience.
Several people from the Morgan family frowned, obviously dissatisfied with Fang Lang's distribution plan. Even Harken Morgan glared at Fang Lang fiercely.
With just one glance, Alvin Rockefeller already had a rough idea in his mind, regardless of whether the previous few people had reached a consensus on the distribution of shares.
Now Fang Lang’s proposal is definitely not the Morgan family’s proposal.
This made him feel a little relieved. From the fact that he took the initiative to push Fang Lang to organize the establishment of the bank, it can be seen that he did not have much interest in the control of this bank, or he was not very sure about it.
After all, it was Fang Lang who invited him to attend the meeting. Judging from the course of events, this was also Fang Lang's impromptu decision. As a guest, he had the opportunity to participate in it, which was a big win for him.
Therefore, he never thought about fighting for this control. He also knew very well in his heart that this control was not something he could get just by fighting for it.
Fang Lang was quite satisfied with this distribution ratio.
Now Fang Lang's eyes were looking at him, obviously wanting to get support from him. After realizing that Fang Lang had not teamed up with the Morgan family to deal with him, he took a puff of cigarette and gave Fang Lang a reassuring look.
Then he turned his gaze to the expressionless old fox Charles Morgan and said slowly:
"Mr. Charles Morgan, I think what Fang Lang said makes sense. I agree with his opinion."
Charles Morgan, who narrowed his eyes and looked tired and a little sleepy, heard this, a gleam of light flashed in his eyes, but he did not speak.
Harken Morgan on the side stared at Fang Lang's face and said very dissatisfiedly:
"Fang, our Morgan family has been very kind to you. We have just agreed to transfer 10% of General Electric's shares to you, and we also promised to support the grain export business of your Nice Company.
I never thought you would side with the Rockefeller family and betray our Morgan family."
These words made Fang Lang frown. He really didn't understand how someone like Harken Morgan could become the chairman of Morgan Company. Even a bank employee with a little emotional intelligence would not say such a thing!
He really didn't want to discuss these boring issues with the other party, but since the other party had spoken and Charles Morgan didn't interrupt, he didn't hesitate and said directly:
"Mr. Harken Morgan, please make it clear that I was not the first to betray our friendship. If I remember correctly, our original agreement was that the Morgan family would assist me in winning the food export project of the European aid program!
The General Electric shares were Mr. Charles Morgan's compensation to me."
After hearing Fang Lang's words, Harken Morgan looked dissatisfied and wanted to continue to refute. Mr. Charles Morgan, who had been silent all this time, finally opened his eyes, glared at Harken Morgan fiercely, and then laughed:
"Haha... Fang, don't mind it, Harken was just speaking in anger. I believe our friendship will continue forever. As for your proposal, I think it is very appropriate and I fully agree with it.
But there is a small problem here. If we set up a new bank now, it will seem too purposeful and easily arouse the vigilance of European countries.
I have a new proposal, please consider it and see if it is feasible."
Fang Lang and Rockefeller looked at each other before turning to Mr. Charles Morgan and said:
"Oh! I wonder if Mr. Charles Morgan has any new proposals. Please feel free to bring them up. I will definitely listen attentively."
After hearing Fang Lang's answer, Charles Morgan did not answer immediately, but continued to look at Alvin Rockefeller on the other side.
Their eyes met in the air, and sparks flew.
"Mr. Morgan, if you have any good suggestions, please don't be shy and just speak up."
After receiving affirmative responses from the two, Charles Morgan said slowly:
"I wonder if you have ever heard of the Bank for International Settlements."
Alvin Rockefeller had obviously heard of this bank, so he nodded without hesitation.
Fang Lang was slightly stunned. He had actually heard of this bank. After all, this bank was responsible for currency clearing between EU countries. All foreign exchange traders should have heard of this bank. This bank was responsible for the settlement of these international foreign exchange transactions.
But if he remembered correctly, this bank should have been the settlement agency of the OECD at first! The OECD was established in the 1960s and 1970s, so it doesn't make sense that the Bank for International Settlements already existed at that time?
Charles Morgan seemed to see Fang Lang's doubts and thought that he had never heard of this bank, so he explained:
“After the end of World War I, Germany, as a defeated country, had to pay war reparations to the victorious countries. This work had always been handled by the Reparations Commission.
It was not until 1930 that, after repeated communication and efforts between our Morgan family and the League of Nations, an international agreement was signed at the Hague Conference in the Netherlands, deciding that our Morgan Bank would organize some American banks, such as Citibank of New York, Citibank of Chicago, etc., and central banks of the United Kingdom, France, Italy, Germany, Belgium, Japan and other countries to jointly establish the "Bank for International Settlements".
According to the agreement reached between the governments of Britain, France, Belgium, Germany, Italy and Japan and the Swiss government, Switzerland promised to issue a construction bank charter to the Bank for International Settlements. The charter stipulates that the Bank for International Settlements has international legal personality and is tax-free. The Swiss government will not requisition, seize or confiscate the bank's property. The bank is allowed to import and export gold and foreign exchange and enjoy diplomatic privileges and immunities.
The role of this bank was to replace the original reparations committee, carry out the distribution of reparations to Germany and supervise German finances.
But with the outbreak of World War II, the bank was in name only.
So, in order to make our purpose less obvious, I thought we could repurpose the bank.”
Fang Lang was stunned when he heard this explanation. He didn't expect that this bank had been established as early as 1930 and was also responsible for the distribution of reparations to Germany.
This is indeed the case. It was not until 1961 that the Bank for International Settlements (BIS) became a settlement institution among member countries of the Organization for Economic Cooperation and Development. Its purpose gradually changed to promoting cooperation among central banks of various countries, facilitating international financial operations, and accepting commissions or acting as an agent to handle international clearing business.
It has successively become the agent of exchange guarantees for the central banks of the member countries of the European Economic Cooperation Organization (OECD), the trustee of the European Payments Union and the European Coal and Steel Community, and the agent of the European Monetary Cooperation Fund established by the member countries of the European Community. The Bank for International Settlements is not an intergovernmental financial decision-making body, nor a development aid agency, but in fact a bank of Western central banks.
Obviously, Charles Morgan meant that everyone should acquire this bank which no longer had its original function, and use his close ties with central banks of various countries to directly implement their plans.
Alvin Rockefeller glanced at Fang Lang, who was in shock, and winked at him. Fang Lang nodded in understanding. They said to Charles Morgan:
"good!"
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