America 1919

Chapter 460: The Ownership of San Francisco Bank



Anthony Rothschild was furious!

He had anticipated that Jack Morgan would call Donnie Block, but he hadn't expected Donnie Block to call Amadei Giannini so swiftly afterwards.

It was precisely this time difference that made Amadei Giannini suspicious of him.

"Jack Morgan did indeed call me, but after hanging up, I've been discussing the implications of Jack Morgan's call with Nate, and was just about to call you. I didn't expect Donnie Block to reach out to you first!"

At this moment, Anthony Rothschild held nothing back, knowing that any attempt to fabricate excuses would be an insult to his intelligence.

Amadei Giannini would not start questioning Anthony Rothschild merely because of this call. Even if suspicion arose, he wouldn't show it at this point.

This call was merely an expression of his stance.

Therefore, having understood Anthony Rothschild's perspective, Amadei Giannini no longer dwelled on the matter.

"Block called to inform me that Jack Morgan had contacted him. Although Block tried to gloss over it, Block believes it's impossible to fool Jack Morgan. Hence, he hopes we can swiftly promote the nationwide networking policy for commercial banks through Congress and the Treasury Department."

Anthony Rothschild couldn't afford to doubt Donnie at this moment, saying: "I've already reached out to Congressman Rodlin and will convince him to introduce this bill at the upcoming congressional meeting!"

With Anthony Rothschild's assurance, Amadei Giannini finally exhaled in relief and said: "I believe Andrew Mellon also supports this bill. However, due to Mellon Bank's collaboration with Morgan, Andrew Mellon might be wary. I'm preparing to meet him again today, and I think if we promise some benefits, convincing Andrew Mellon shouldn't be too difficult."

Anthony Rothschild inquired of Amadei Giannini: "What's the situation on Donnie's side?"

Amadei Giannini replied: "Donnie stated that he has contacted Coolidge. Coolidge will step down as President of the United States this year and will start contributing to the 'Atlantic City Post.' The 'Atlantic City Post' plans to feature a dedicated column titled 'Calvin Coolidge Speaks' in its social section."

Anthony Rothschild was momentarily stunned, and then he realized that Donnie's ability to amass such immense wealth and foster deep friendships within the White House in such a short span wasn't coincidental.

Looking at Donnie's arrangements, they're utterly suitable plans for Coolidge after his tenure.

The American public has always been highly interested in the daily lives of U.S. presidents, which is why most former presidents are inclined to publish autobiographies after their terms.

No one could find fault with this source of income.

Donnie's arrangement for Coolidge aligns with this notion. Although Coolidge is no longer president, everyone is curious about a former President's opinions on current matters in the United States. He might even disclose some White House secrets.

Regardless, such a column would inevitably draw more attention to the 'Atlantic City Post,' allowing Coolidge to legitimately earn his remuneration through this partnership.

It's indisputably more lucrative than having Coolidge serve at Venus Bank.

This plan not only preserves Coolidge's reputation but also brings him tangible benefits.

"If that's the case, could this law potentially pass this year?" Anthony Rothschild queried.

Amadei Giannini previously considered this plan as merely a delay tactic, not believing it could truly succeed smoothly. But now, seeing such potential, he began to contemplate its feasibility.

Besides, this law doesn't require the approval of two-thirds of all U.S. states as it's not amended into the U.S. Constitution.

"Indeed, there's a significant possibility, which is why we need to strive even harder to promote this matter before Jack Morgan decides to act!"

"Absolutely!"

Anthony Rothschild agreed with Amadei Giannini.

After this call, Donnie and his team in Washington rushed their actions forward, which also started affecting the situation on Wall Street.

With news from Washington trickling into New York one after another, while everyone still trusted Morgan, the trust wasn't as strong as it once was.

Consequently, at this moment, the stock price of Italian Bank incrementally rose.

Previously, despite the drastic fall, no one dared to invest in Italian Bank's stock due to uncertainty about its prospects.

Now, people began to invest.

This news caught the attention of many.

Seeing this development, naturally, some wanted to increase the price a little more to offload their Italian Bank shares, given the uncertainty regarding Washington's news and the unclear prospects of such stocks, risking wasn't necessary.

However, to their disappointment, when they raised their asking price above the market value, no buyers were interested in their shares.


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