America 1919-Chapter 804 - : 275, Venus Bank_3
Chapter 804: 275, Venus Bank_3
After listening, Donnie showed no psychological fluctuations and said with a smile, “ABC has many shareholders, Surf Hotel has many shareholders, Pandora Oil has many shareholders, in fact, many of my companies involve other people’s participation. Isn’t this development for our common interests?”
Although Donnie has blond hair, blue eyes, and white skin as a Westerner on the outside, at heart he remains an Easterner.
Therefore, his way of thinking is different from these people.
Donnie could distribute his land but would not let anyone covet his imperial power.
Therefore, as long as Donnie is around, there will not be any other shareholders in Venus Bank.
“This will only make it harder for you to develop!” Nucky continued.
“It’s merely a matter of stretching the timeline, in which case I still have no problems!” Donnie said with a laugh.
Nucky could sense Donnie’s determination, so he did not bring up the matter of taking a stake in Venus Bank, and went straight to negotiating the sale price of the land and hotel with Donnie.
The Surf Hotel here was also one of Nucky’s properties and was a new development built not two years ago. Having seen the increasing number of tourists in Atlantic City, Nucky had built this mid-range hotel…
“Thank you!”
In the office of Surf Hotel, after finalizing the transfer agreement for the land and hotel, Donnie earnestly expressed his gratitude to Nucky.
Nucky relaxed into a smile, saying, “Donnie, this sum of money is neither large nor small. I can’t just keep it in my hands forever, can I? Why don’t you suggest a direction for investment?”
This was where Nucky’s cleverness lay. From recent events, the grand disturbance Donnie had caused was just to establish Venus Bank, which made Nucky somewhat incredulous. He speculated without basis that Donnie must have other moves planned.
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Just as Donnie had said, he wouldn’t allow anyone into Venus Bank, but with Donnie’s other enterprises, he was very generous!
After listening, Donnie also laughed heartily and said, “How about this, keep this money for some time, and in a while, I will give you a call. By then, there will be company stocks worth buying into for long-term holding!”
Nucky’s eyes lit up, immediately understanding Donnie’s implications. Donnie wasn’t planning to let the matter rest with just this grand move!
“Alright, I’ll stay in Atlantic City for the time being. If there’s anything you need help with on your side, I can lend a hand!”
.
The news of Donnie choosing a site for the Venus Bank headquarters in Atlantic City soon reached New York.
At this time, no one doubted anymore Donnie’s intention to establish his own bank.
This also caused Breton Bank’s stock price to start falling rapidly.
“Without the Atlantic City market, can Breton Bank continue to develop as rapidly as it has over the last two years?”
At this time, the “Wall Street Journal” also began to join the fray.
Although Atlantic City had not yet ended its cooperation with Breton Bank, now that Donnie had established his own bank, how much longer could it be before Atlantic City cuts off its cooperation with Breton Bank?
“The private bank established by Donnie does not conflict with our business operations in Atlantic City. Why are you all so worried?”
At this time, Dick could be described as at his wits’ end. The Breton Bank shareholders who had trusted him were now beginning to doubt whether Dick could still lead Breton Bank.
Especially now, with the impending establishment of Venus Bank by Donnie, they saw it as very likely to snatch away their market share in Atlantic City.
Although Atlantic City still had Morgan and Mellon, these two banking conglomerates were strong enough that even Donnie’s Venus Bank wouldn’t affect them. So now, only one bank remained that Venus Bank could outmaneuver.
Naturally, that was Breton Bank!
Facing these shareholders’ inquiries, Dick could only give the above reasons!
Private banking and deposit services do not overlap; the subsequent antitrust investigation of Morgan was to separate these two services!
“Venus Bank is not currently involved in deposit services, but that does not mean it will not be in the future. Before, Donnie was a shareholder of Breton Bank, so of course, he had to consider its performance, but now Donnie is no longer a shareholder of Breton Bank. How long do you think Donnie will let this business go unattended?”
A shareholder raised such a question.
This was indeed what everyone was worried about. Now that the private bank was established, would Donnie give up on the deposit business?
They were highly doubtful!
Faced with such questioning, Dick could only repeatedly explain and eventually managed to temporarily persuade these shareholders, as there was still a basis of trust among each other!
But everyone knew that if Breton Bank encountered other problems under Dick’s leadership, their trust in Dick would diminish!
The situation with Dick also became known to Laze Madison and Archibald Roosevelt, who began to feel fortunate at this time. Luckily, their settlement with Donnie was not so troublesome, and this spared them from such reproach.
However, their sense of relief did not last long. At this time, they had already begun deliberating, discussing who among the two of them would go to the Soviet Union to formally sign an agreement with the Soviets about the development of the Baku Oil Field.
But just as they were about to set out, they suddenly received a piece of news that nearly made them faint!
