America 1919
Chapter 1018 - 347. Dividing the Cake

Chapter 1018: 347. Dividing the Cake

Donnie conveyed the conditions proposed by Paul Warburg to Andrew Mellon, Jack Morgan, and Old Rockefeller.

The three of them expressed varying degrees of surprise after listening.

Clearly, they were also astonished by Paul Warburg’s decision.

“We still underestimated Paul Warburg!”

Old Rockefeller couldn’t help but exclaim.

Andrew Mellon, Jack Morgan, and other regular associates of Paul Warburg showed the same expression at this time. Paul Warburg, with just a single proposal, had put them in a dilemma.

They all knew the state of the Florida real estate market. Now, asking them to give up the easy gains was not something that could be decided immediately.

“Block, what do you think about this matter?”

Jack Morgan asked Donnie: “You’ve been purchasing land in Florida recently. I believe you’re most familiar with the real estate market over there?”

Donnie leaned back on the sofa and calmly said: “According to my analysis, Florida’s land prices have not yet reached their peak. There’s still room for a two or three-fold increase!”

Jack Morgan and the other three had no objections to Donnie’s analysis. In fact, they had been following the situation there closely, especially since Morgan and Mellon had also invested funds in it!

“So Block, your meaning is that you disagree to exchange with Paul Warburg?”

Jack Morgan continued to ask Donnie, given the current land prices in Florida, a two or three-fold increase would definitely be alluring profits for Warburg Company’s investments in Florida.

Donnie shook his head and said: “No, I agree to exchange with Paul Warburg!”

Jack Morgan and the three exchanged a glance, seeing doubt in each other’s eyes. The profits from Florida real estate were tempting, yet Donnie wanted to deal with these properties at this time?

“Block, we are all the closest partners, so don’t keep it hidden and tell us your thoughts?”

Andrew Mellon directly asked Donnie.

Donnie replied: “It’s simple, because the Florida real estate market doesn’t hold much attraction for me. Given that our investment in Florida is no less than Warburg Company’s, the profits are already quite sufficient, but the subsidiaries under the Kuhn, Loeb & Co. consortium are much more attractive to me!”

Donnie’s explanation immediately dispelled the doubts Andrew Mellon and the three had because what Donnie said made sense.

The three silently analyzed the current situation in their minds, focusing on which scenario would benefit them most!

Among them, the one who least wanted to agree to this suggestion was Old Rockefeller, because he didn’t want to give up the Florida real estate market, especially since among the four present, only he hadn’t participated in this matter.

“Block, you should know that if we give the opportunity to the Warburg Family, in the future they will surely use the Florida real estate market to turn the tables, and life would be difficult for us then!”

In response to Old Rockefeller’s inquiry, Donnie showed calm determination with strong confidence: “The current Warburg Family isn’t our match, and neither will the future Warburg Family be our match. Paul Warburg gave us this choice, merely to incite internal strife over the Florida real estate market.

With such a situation, he could then develop his family’s business in Florida more effortlessly!”

Old Rockefeller pondered for a moment and agreed with Donnie’s view.

Andrew Mellon and Jack Morgan also agreed with Donnie’s opinion. Although giving up Florida real estate was a painful decision, they couldn’t abandon their preplanned strategies for this benefit.

Such a situation would be unworthy!

“Now that we all agree on this matter, how should we discuss this with Paul Warburg?”

Jack Morgan asked out loud.

According to Paul Warburg’s proposal, they were supposed to sell their shares in Warburg Company at the price Four-Sided Investment had acquired Warburg Company stocks, and simultaneously buy Warburg Company’s Florida land at the price Warburg Company initially acquired it.

Donnie and the others clearly could not agree to these terms.

The four exchanged a glance, and then began discussing the matter.

The next day, Paul Warburg and his two brothers met with Donnie, Andrew Mellon, Jack Morgan, and Old Rockefeller.

This was the final negotiation concerning the Warburg Company merger!

“Warburg, after discussing your previous proposal, we’ve decided to agree with your suggestion,” Andrew Mellon spoke on behalf of Four-Sided Investment.

Paul Warburg looked at the four who planned to exploit the Warburg Family assets, with raging anger in his heart, but his strong self-control suppressed it.

“If that’s the case, that’s wonderful. We can now each contact our lawyers to sign the contracts for the stock transfer and land sale!”

Andrew Mellon waved his hand and said: “Hold on, while we agree with the general direction, we need to renegotiate Warburg Company’s stock price and the Florida land price!”