The arrogance started from Chinatown

Chapter 298 I'm good at math, so this price is definitely fine, unless you want to blackmail me
"Sorry, Henry, our bank can't help you!" A man in a shirt and vest spoke to Henry White with some apology.

"Why?" Henry White frowned. "You know the situation of our bank. If it weren't for someone messing around, this wouldn't have happened."

"It will only take some time for me to sell those bonds and change the current situation."

The person in front of Henry White is William Sharon, an important shareholder and one of the founders of the Bank of Nevada.

He made a lot of money in the Nevada silver mines and then joined James C. Flood and others to found the Bank of Nevada.

Now that the Bank of Nevada's silver mine production was declining, he was conducting more of his financial business in San Francisco.

William Sharon was the most important person in the expansion of the Bank of Nevada's business in San Francisco.

Yesterday Henry White came to William Sharon for help and even promised a very high interest rate. At that time, William Sharon was somewhat tempted, but he did not make a decision immediately. Instead, he wanted to think about it overnight.

As a result, I rejected him directly today.

"Yes, you are right, because someone is playing tricks!" William Sharon said softly.

Henry White was stunned for a moment, then suddenly reacted, with veins on his forehead rising from anger: "Who is it?"

"Chinaman, it looks like he has set his eyes on your bank!" said William Sharon.

Although he had a mining protection team of several hundred people, after the Stanford incident, he mobilized hundreds of mining protection teams to protect his estate.

However, he did not intend to conflict with Chen Zhengwei over a small bank. There was no need for him to take the risk.

After all, Chen Zhengwei has more people and more guns, and he is a complete desperado.

There are a lot more bodyguards on Nob Hill recently. Every wealthy person has increased his own security force. However, even so, the number of these bodyguards combined is not as many as Chen Zhengwei's.

What's more, all the people in the Investigation Bureau are Chen Zhengwei's people.

The Italian Mafia in San Francisco is also connected to Chen Zhengwei.

And there's that Spaniard named Juan...he also has a group of desperadoes under his command.

The most terrifying thing about Chen Zhengwei now is not only his own power, but the circle surrounding him that covers both the black and white worlds.

There was no benefit for him in coming into conflict with such a person.

"Chinese Chen..." When Henry White heard the name, veins on his forehead throbbed.

It turned out that he had set his sights on his own bank.

Although he had never dealt with Chen Zhengwei, he was always wary of Chen Zhengwei because he was also a major shareholder of Pacific Steel Company.

Chen Zhengwei used various means to seize and plunder, and swallowed up several medium-sized ironworks.

This made him suspect that Chen Zhengwei would not be satisfied after swallowing up several medium-sized ironworks, and would then set his sights on himself.

However, what he didn't expect was that Chen Zhengwei did take action against him, but not against the steel company, but against the bank.

"Is his target the bank or the steel company?" This question flashed through Henry White's mind.

"Thank you for your reminder, Mr. Sharon!" Henry White knew that he would not get any help from William Sharon, so he stood up and said goodbye.

"I'm not reminding you of anything, I'm just stating a fact that many people know!" said William Sharon.

"Good luck, Mr. White!"

Henry White returned to the carriage and punched the wall of the carriage, veins popping out on his forehead.

"FUCK, CHINK!"

Since he didn't get help from William Sharon, he estimated that it would be difficult to get enough help from others.

But he still wanted to give it a try; he wasn't going to sit there and wait for death.

Soon, Henry White visited several bankers again, but the answers he got disappointed him.

Even his attempt to sell the bonds held by the bank at a price 35% below the market price was rejected.

"Maybe you should talk to him, or there are other solutions!" someone reminded him.

Of course he knew that he should talk to Chen Zhengwei, but he was unwilling to do so.

After seeking help in vain, Henry White first met with other shareholders and arrived at the club around seven o'clock in the evening.

"I didn't expect you to come to me!" Chen Zhengwei said to Henry White in front of him.

"Mr. Chen, I have never been disrespectful to you, nor have I made any remarks against you or other Chinese people. I don't know why you do this!" Henry White took a deep breath.

"I am surprised by your words, Mr. Henry White. You are also a businessman, why do you ask me such a question? This is just ordinary business competition... I found the opportunity and then seized it!" Chen Zhengwei was surprised, then opened his palms and made a virtual grasping gesture.

"But your methods are not fair!" Henry White gritted his teeth.

"But this is business competition! You have to understand that the saying "The winner takes it all" is applicable everywhere." There was a hint of sarcasm in Chen Zhengwei's smile.

Honest means? This is a joke.

Even though these wealthy businessmen in San Francisco were cautious in front of him, they were ruthless when facing the oppression and exploitation of ordinary people.

Which one of them hasn’t done something illegal in the process of making their fortune?
Now that it's your turn, you're starting to feel dissatisfied?
Chen Zhengwei felt that he was much nobler than them. If he died at the hands of someone else one day, he would not blame the other party for this.

Henry White was silent for a moment, then looked at Chen Zhengwei and said, "Mr. Chen, your target is the San Francisco Savings and Loan Association? Maybe we can talk!"

"I can convince other shareholders to sell you some shares!"

"Only $1!" Henry White raised his index finger.

"I'll sell you 20% of the shares! In return, I hope that everything ends here and you can help us through this difficult time!"

This was the result of discussions he had with other shareholders in the afternoon.

It is better to bear some losses than to let things continue to ferment.

To put it bluntly, it means spending money to avoid disaster.

The total assets of the San Francisco Loan and Savings Association are about $300 million, but its net assets are only about $120 million, the rest of which are deposits.

“Sell me 1% of the shares for $20?”

Chen Zhengwei smiled. This was interesting.

"Yes!" Henry White nodded.

"I have bought these 20% of the shares... Then, how much do you plan to sell the remaining 80% for?" Chen Zhengwei asked with interest.

Henry White's expression suddenly froze.

Unexpectedly, Chen Zhengwei was so greedy. 20% of the shares still could not satisfy Chen Zhengwei's appetite. Instead, he wanted to swallow up the San Francisco Savings and Loan Association in one bite.

"The bank's total assets are 120 million!" Henry White said, suppressing his anger and unwillingness.

"You sold me 1% for 20 dollar, so the remaining value is only 96?" Chen Zhengwei said with a smile:

"And I heard something. Your bank recently lent out a large amount of money, about 400,000 yuan, but there are some problems with the collateral! It is very likely that the money will not be recovered."

"That means your bank is only worth $56." "Because your bank is not doing well, there is now a run on the bank. Even if it recovers, its reputation has been greatly affected. This is a huge loss. I think your bank's reputation is worth $20!"

"That means your bank is only worth $36!"

"I'll round it up for you, $30. What do you think?"

After Chen Zhengwei made the calculation, he suddenly found that buying the bank from Henry White was cheaper than originally planned.

He originally planned to wait for the bank to go bankrupt and then buy it for about one million US dollars.

You should know that a bank going bankrupt does not mean that the bank has no money.

In fact, the bank just has no cash and gold reserves, but it still holds a large number of bonds and stocks, but it cannot be converted into cash in a short period of time. At this time, the court can intervene and force the bank to go bankrupt and liquidate.

After the acquisition, those bonds and stocks can be sold at a price slightly below the market price, so that there will be enough cash to deal with those withdrawals.

Of course, the bank's reputation would be completely ruined.

But Chen Zhengwei didn't care. When he bought the bank, his purpose in the early stage was to serve the Chinese in Chinatown.

He even planned to change the name of the bank to People's Bank of San Francisco.

However, after careful calculation, Chen Zhengwei suddenly realized that the price of the San Francisco Savings and Loan Association was much lower than he had imagined.

He must have made no mistake; he has always been good at math.

Henry White's scalp was tingling and his eyes were red as he listened.

"This is impossible!" Henry White stood up from the sofa, and the veins on his neck jumped.

He looked at the account book yesterday and found out that he had recently loaned out about 40 yuan, all of which was mortgaged with the farm.

He didn't expect that these loans also had problems... Since Chen Zhengwei said so, then it must be true.

This is all Chen Zhengwei’s fault!
But even if there is something wrong with this account, the bank still has a net asset of $80!
"I've just calculated the account for you. Your bank is only worth this much. Unless you want to blackmail me, no one in San Francisco can blackmail me!" Chen Zhengwei said with a fierce look in his eyes.

"There are only two options before you now. Either you wait for the court to intervene and force liquidation! Then you will have nothing!"

"Or you can sell the bank to me at this fair price! That way you can at least get $30!"

Henry White's face turned red due to the rush of blood. Then his eyes went dark and he fell down.

"Fuck, you came to my office to commit suicide?" Chen Zhengwei was shocked when he saw Henry White fall down, and he cursed.

Let’s talk about business. You can die just like that. Who are you trying to scare?

If you die here, won't it affect my feng shui?
"You saw it, I didn't even touch him with my finger, he fell down by himself!" Chen Zhengwei said to his henchman innocently.

"Brother Wei, he's still alive, but he looks like he's fainted!" said the henchman after going forward to check.

"It's okay, it's okay. You just scared me!" Chen Zhengwei patted his chest, his face still filled with lingering fear.

"Send him back quickly, don't let him die here!"

"Remember, you must make it clear. He is like this. It has nothing to do with me. I didn't even touch him! And I was kind enough to let you send him back!"

"Keep your eyes on the bank!"

Only after his men sent Henry White away did Chen Zhengwei curse in frustration.

He really didn't want Henry White to die like this. He was unconscious in his office and died when he was carried back. What would others think?
If you don’t know, you would think that I killed him myself.

He is wronged!

Do you want to find two girls and send them to his house to celebrate his wedding?
Forget it, I'd better find a few girls to celebrate my wedding.

……

William White woke up shortly after being sent home.

After recalling what happened before he fell into a coma, his blood pressure immediately rose again.

"That's too much! That Chinaman is such a bully!"

With the comfort of his family, he tried to calm down, after all, life is more important.

Then he met other shareholders who had rushed over after hearing the news. When he told them what had happened, their blood pressure also rose.

"Our tolerance and forbearance have not taught him to be civilized, but have made his appetite grow, and he treats us as objects of his will," said Johnson, a shareholder, angrily.

However, the others did not rush to speak, but instead looked serious and heavy.

"The most important thing now is the bank's business!"

"We need to find a way to solve the funding problem! If San Francisco can't solve it, we'll go to New York, or somewhere else!"

“At 35% below the market price, those bankers in San Francisco don’t dare to buy, but people in other places are not afraid of the Chinese!”

"He won't give up until he achieves his goal!" someone else said.

Then everyone fell silent again. They all knew that Chen Zhengwei was a man who would not give up until he achieved his goal and was capable of doing anything.

"Are we just going to hand over our bank and money to him like this? I'm going to New York!" Johnson, who was the first to curse, was unwilling to give the bank to Chen Zhengwei.

Not only was he unwilling to accept this, but others were also unwilling to accept this.

More than one person thought of hiring a gunman to kill the Chinese guy, but no one dared to say it out loud.

If this gets to the ears of that Chinaman, he'll be dead.

Moreover, this man has been shot more than once or twice. He always brings at least a dozen people with him when he goes out. If we fail to kill him, he will definitely retaliate against us.

After the group discussed, they dispersed.

The next day, Johnson took his men to Oakland, preparing to take a train to New York.

However, as soon as he arrived at the train station, he was stopped by several Germans, who were Schulz's men. His men had been keeping an eye on these shareholders of the bank recently.

So as soon as Johnson crossed the sea, he knew it.

Then they sent people to chase him and stopped Johnson directly in front of the train station.

Johnson's face changed: "What are you going to do?"

"Mr. Johnson, our boss invites you to be his guest!" The person who spoke said this while he and others pulled out guns from their waists and pointed them at Johnson.

He and his two followers were stuffed into the carriage.

After returning to San Francisco, they locked the three men in a room, and no one paid any attention to them except for delivering meals to them every day.

Johnson was initially panicked, then angry, and what was left was powerlessness and anxiety.

Over the next few days, a group of people lined up in front of the San Francisco Loan and Savings Bank every day to withdraw money, holding banners.

Even some "German bruisers!" went to the doorsteps of shareholders to claim their "hard-earned money!"

(End of this chapter)