European Financial Emperor

091 Becoming a Standard (1)

The Mediterranean Corporation was entitled to take all goods produced in the Netherlands as well as in the UK to Africa and the Mediterranean coast.

Since they were originally organized as government agencies, they had many privileges and privileges, so Lee Hwan would play a decisive role in building the Suez Canal.

Lee Hwan decided to merge the joint company with RASHIELD as a subsidiary here.

The Rashchild family took a 15% stake in ‘Middle East Finance’, a subsidiary of the Mediterranean Corporation, by investing in borrowed money.

The remaining shares were closed in the form of holding half each by Mediterranean Corporation and East Stellar.

The Rashid family will now manage Lee Hwan and Elizabeth’s back money through Middle East finance, maximizing the profits generated by the bill.

In that way, the Rashilde family earned only 15% of the profits, and they were able to make this amount of money by paying only bills, so it was a leftover business.

On June 17, the Rashchild family brought a gold coin to Yi Hwan.

Representative Rifeld Rashchild said the coins would go to the UK and the Netherlands, partly as lobbying money to go to Africa.

“The bills we converted from Rashid came out as gold coins. With this, you will be able to pay aid to both sides, and the remaining money will be delivered to the emirates of Africa.”

“It was hard.”

“You’re welcome. By the way, the family is curious about what the Baron will do in the future.”

The Raschilds were linked to the Austrian Archdukes, so this was also a question of the Duchy.

Lee Hwan began to explain his plans step by step.

“We are going to develop ports and dig roads. At the same time, we are creating an environment where large-scale farmland and water resources can be procured in fertile areas in central Africa.”

“Procurement of water resources… … ?”

At that time, it was thought that Africa was a land of fire, and that all four directions were made up of deserts.

However, this was only an image created by prejudice against the continent of Africa.

Lee Hwan explained very briefly to him, who was a little puzzled.

“The greenery in Africa is huge, many times larger than the whole of Western Europe. It is difficult to move water resources to the north and south because drilling technology is not yet developed, but if you have the technology, you can get any amount of water. Scholars say the amount of water hidden beneath the African continent is almost astronomical.”

“Um, that’s right. So maybe Africa can become a land of opportunity in the future?”

“It’s later. Even today, Africa is a land of opportunity.”

“Aha! That’s right, it was.”

It seemed that Lee Hwan still did not understand his thoughts.

But no matter what they think, Lee Hwan just does his job.

He planned to make it Eaststellar’s second home, sharing water and oil through the Red Sea and by drilling roads throughout Africa.

The first of these plans was to develop ports in Cairo, Israel and Lebanon and to drill the Suez Canal.

“We will set up a logistics line.”

“What line?”

“In business, it is advantageous to carry a lot of goods. So it’s about creating an environment that can carry more goods.”

Someone in the modern logistics industry said this.

An empty logistician is giving up money, and someone who can move and store more stuff rakes in the money.

This is not a logic that only applies to modern times.

Even in the modernization era, logistics was absolutely necessary, but its development was quite slow.

If a modern logistics system is built in this era, Lee Hwan will be able to completely dominate the global distribution market in the future.

Iman decided to step down from the Rashchild family.

“I understand for now. If that’s what the Baron really meant.”

“thank you.”

“Then I will leave, but I will leave the Archduke’s letter. There is something the Archduke would give you, so I think you should read it.”

Lee Hwan opened the letter that Rifeld had left behind.

After reading the letter, Lee Hwan smiled softly.

“… … Does the Archduke think so too?”

***

As of 1827, the battle for territory in North America was at its peak.

Taken from readwn.com

Meanwhile, East Stellar’s first North American affiliated bank was established.

Until now, Eaststellar had sold bullets on credit in North America, and was being reimbursed for a portion of that amount each month.

At the same time, the amount of gold flowing to and from this place gradually increased as he was collecting interest on the credit transaction.

However, this was definitely a battlefield, and the hostile countries could have intercepted the gold that would come to Eaststellar and converted it into their own repayments.

Because of this risk, the United States, France, Spain and Mexico signed an agreement to establish an ‘East Bank’, a kind of central bank covering North America.

The contents of the agreement were as follows.

A credit guarantee company is established in an inviolable region of the United States, and all credit transactions are handled by East Stellar.

In addition, you can purchase bullets with a guarantee here, but once the warranty is complete, you must give out the bullets unconditionally.

East Bank was established based on these two goals, and East Stellar Company conducted credit ratings for all countries in North America through ESM.

Of course, in this assessment France and Spain were credited for their colonies in North America rather than their own.

This result is updated daily and will change each time depending on the fluctuation of the value of the currency.

The East Bank was located in Utah, and there was a huge barbed wire around it.

A village was built around the bank and shops were established, which was quite large for a commercial district that was created in just two years.

No, on the contrary, it would take quite some time for even the capital city of any country to create this scale.

A line of tow trucks entered the splendid commercial district of Utah.

Tal Tal TAL… … .

Diesel tow trucks have now risen to a higher level and are now large and sturdy, almost reminiscent of trucks.

Inside this tow truck were soldiers on board, and they held boxes of gold coins between people.

The tow trucks that came in this way sent gold coins to the East Bank, and some received bullets and left.

However, the tow truck is the property of Eastbank and operates only to the borders of Utah’s demilitarized zone.

The fare varies depending on the amount of transport, but it was usually about 5 guineas round-trip based on Guinea gold coins.

Although it is considerably more expensive than expected, the tow truck enjoyed considerable popularity because it saves the trouble of transporting so many gold coins and bullets one by one and can prepare for an unexpected emergency.

Of course, the carriage was made of strong armor, not a tented carriage, so even if the shells fell, the carriage survived.

As the wagons entered the East Bank, Alexander Morgan, who was responsible for collecting the gold coins, and his bankers came to meet them.

“Do you have a decent amount of gold today?”

“It seems they have collected quite a bit of taxes from factories in the north to settle their debts in the United States. Besides, direct trade with the factory complex in East Stellar seemed to be circulating a lot of gold.”

The biggest change Eaststellar brought to the North American continent was the introduction of roads and railroads.

Although not yet enough to connect all of North America, roads and railroads were expanded enough to connect western and central North America.

Through this logistics movement, the United States brought daily necessities from England and sold them to their home countries, and the United States brought and sold its own specialties, steel products and cement.

The United States recently received a technology loan from Eaststellar to significantly boost its steel and cement sectors, with production in the north more than enough to slightly overwhelm Europe.

Although America had a later industrial revolution than England, the new machines and the large population made the North American concrete fertile.

Alexander Morgan brought a box of gold coins into the bank and moved it to an underground warehouse.

The underground warehouse was made of armor used to build battleships and tanks, and was surrounded by 40 cm thick concrete.

Even if a natural disaster occurred, it would have been as good as here.

When I opened the door to the warehouse, I saw people counting gold coins inside.

Tara la la lak… … !

Since gold coins must be counted accurately, they usually go through a triple check, but the count had to be done by hand.

It is said that counters will be developed soon, but there has been no good news yet.

“Accurately count the amount received today and write it down in your ledger.”

“Okay, okay, then where should I report the amount due today?”

“Report to the bank manager.”

Charles Morgan is serving as the bank president of East Bank here, and the funds could only go out through his hands.

From the counting warehouse, he took out two boxes of gold and accurately recorded the amount in the ledger.

The completed chart was then passed on to Charles Morgan.

Charles Morgan scrutinized the ledger.

“It’s the amount of money to set up factories in the US and Mexico… . The details on the detailed statement and the actual counting amount must be the same, right?”

“Yes, it is.”

Eaststellar’s bookkeeping system was very precise and well-organized, so where money goes in and where money comes in can be accurately recorded down to a single coin.

The reason the books are so perfectly organized and managed is that the movement of money supply in this era was far more common than expected.

European denials were sometimes unaware of exactly how much their assets were and how many bonds they had to recover.

Although he was running a lot of money, he did not even know exactly how much his fortune was due to lack of a uniform system.

But Lee Hwan was different.

He tracked the movement of currency by counting each coin one by one, and accurately grasped the size of the asset by exchanging the correct amount on the correct date.

In this era when the computer system was not yet developed, this was quite important and was an essential factor in maintaining power.

Charles Morgan left the bank after completing the payment for the money and headed to the nearby entertainment district.

He met with 30 managers overseeing the entertainment district.

“How is business these days?”

“It’s going to be great.”

As a village was built near the bank and an entertainment district began to develop, the neighborhood felt like it was embroidered with electric lights.

Yi-hwan signed a real estate contract that reverted all of Utah to the Barony, and completed the process of distributing gold to the nations fighting over the area.

It would cost quite a bit of money to build an iron fence in the private area made like that, but Lee Hwan didn’t care.

He thought that if the fence was erected and thieves could not enter and safety was ensured, the profits could be recovered.

That thought was right.

The nightlife district, which is comparable to the capital of any country, was growing rapidly by borrowing the salaries of North American soldiers.

“These days, we are spending quite a bit of money in Mexico. It must be because the beauty of women who come here from South America to work is so outstanding.”

“What percentage of trauma?”

“Almost 85% or more.”

“Very good.”

A bar where foreign trade makes money, these days this place was going back to a very strange system.