America 1919-Chapter 880 - 301, Investment and Loneliness

Paul Warburg left Atlantic City, taking the lead to arrive in Philadelphia.

"I’ve already made calls to several banks in Florida, the other party has indeed indicated that there has been a flow of funds into their real estate market recently, and in just a short span of four to five days, they have consecutively scooped up nearly ten million US Dollars’ worth of land!"

Felix Warburg conveyed to Paul Warburg part of the findings from his investigation.

"Moreover, I have also dispatched people to Miami, but their feedback will come a bit later!"

Paul Warburg nodded, "On this matter, I believe that the possibility of Donnie deceiving us is extremely low, but we still have to be cautious, after all, this is no small investment!"

Felix Warburg pondered: "Now the important issue is that we don’t have much cash in hand, and we also need to reserve some cash to prepare for the consortium’s operation!"

At this point, Felix Warburg spoke with a sense of helplessness: "Had I known about this earlier, I should not have lent the money to Adolf!"

Paul Warburg, seated on the sofa, waved his hand, saying: "The money for Adolf definitely had to be lent to him, the influence of The New York Times is more important than these funds. If Donnie didn’t have ABC and the ’Atlantic City Post’ in his hands, his influence would have been halved by now."

Felix Warburg asked, "So what do we do now? Gather funds, or wait for the specific results of our investigation before making a decision?"

Paul Warburg thought carefully and asked, "What’s the rate of increase in housing prices in Florida?"

Felix Warburg replied, "According to the banks, the housing prices in Florida are changing every day, rising daily, especially the price of houses in Miami which has increased by one-third recently. It’s simply outrageous!"

Paul Warburg said, "First gather funds, and once the results of our investigation come back, if there are no other issues, we’ll send someone over immediately. We’re already falling behind Donnie and we can’t afford to fall any further!"

Felix Warburg expressed incomprehension, "Even if the Bootlegging Empire can continually provide cash for Donnie, over a hundred million US Dollars is still too extravagant, particularly given that Donnie recently acquired Sinclair Oil and Breton Bank, those two acquisitions should have already stretched his cash reserves thin. Where is he getting so much cash from?"

Paul Warburg spoke calmly, "Banks, don’t forget, even if we exclude the bootlegging business, all of Donnie’s assets are quality enterprises. It’s quite easy for such businesses to free up cash."

Felix Warburg resolutely spoke, "We will take over all of Donnie’s businesses sooner or later!"

Paul Warburg shook his head, "Taking over all of Donnie’s businesses is not realistic, what we want are just a few of his core industries: media, oil, and the Surf Hotel. Having these three is enough! You should know that Donnie’s influence is already powerful enough. If people really tear off each other’s facades, it’s not a good situation. As for the entirety of the New Jersey Consortium, let’s wait until Zhan Ning’s children grow up!"

With this, Paul Warburg reminded Felix Warburg, "I don’t travel conveniently between New York and Atlantic City, but you’re different. You should often visit Zhan Ning to let her always feel the warmth of the family!"

Felix Warburg nodded, "I understand, I will visit her often!"

Paul Warburg gave a nod, "Also, I’ve already told Zhan Ning to pay attention to the two children Donnie had this year, as they are our main rivals!"

Felix Warburg’s eyes gleamed with excitement, "You mean find an opportunity..."

With that, Felix Warburg made a throat-slashing gesture.

Paul Warburg spoke coldly, "I don’t wish to take that step until it’s absolutely necessary. When his children have grown up some, you need to get Larph and others to frequent them. If they turn out to be useless, naturally there will be no other problems. But if they don’t become useless..."

Paul Warburg didn’t state what they would do if Donnie’s two children did not turn out to be useless, but Felix Warburg already understood the implication!

"I understand!"

"So, concerning the issue of financing, how should we solve it?"

Felix Warburg changed the topic, but Paul Warburg still had no solution to their lack of cash.

"The two hotels in Atlantic City have now begun construction, and our funds have been invested there, plus the money previously lent to Adolf, we could mobilize up to 15 million US Dollars at most."

15 million US Dollars was already a very substantial sum of cash in that era, but it was clear that the Warburg brothers had great ambitions. If they could be certain that Florida would bring them generous returns, then an investment of 15 million US Dollars would not be enough!

"Hehe!" Paul Warburg chuckled and said, "If Donnie can get loans from the bank, we can do the same, and besides, hasn’t Donnie found a partner? We can too, don’t forget that the Rothschild family has always wanted more assets in the United States!"

Felix Warburg brightened up and immediately said, "We can’t put all our eggs in one basket. If we put the whole affair onto the shoulders of the Rothschild family, they will surely demand a hefty price!"