European Financial Emperor

094 Create a masterpiece (2)

Although the war was on its way to victory, Britain was suffering from a continuing drought in the financial industry.

The call rate hardly ever went down, and the ratio of equity capital to the bank’s insolvency was gradually decreasing.

In short, the London financial market was getting sicker.

As if to prove this insolvency, the UK’s leading financial company ‘Sendras & Company Bank’ closed its doors.

Sendras and Company Banks, or Sendras Banks for short, were among the top British merchant banks.

Not long ago, a large amount of paper was circulated in the Napoleonic Wars, and even now, it was earning steady profits through overseas investment.

However, it was the liquidity problem that caused the downfall of Sendras Bank.

Shortly after the British Ministry of Finance visited Lee Hwan from the Sandras family.

“… … You already know all the news, so I’ll just briefly mention the purpose. Please take over our company.”

“There are many other candidates besides us. Why did you come all the way to the Netherlands?”

“It’s because there is no company to take over in the UK.”

“Are there no candidates in England?”

“Despite a lot of people losing money because we’re lazy, the British merchant bankers don’t even care about us.”

Taken from readwn.com

Merchant banks are commercial banks that mainly issue and underwrite bills and stocks.

It started to develop at the beginning of the 19th century and is now quite established, and the Rashchild family is typically called a famous merchant banker.

As Hana Merchant Bank has become a trend these days, the competition was fierce.

Even in the same city of Paris, dozens of families cling to each other and compete for a type, so there was no overheating.

‘Everyone is so happy that this person who was sick is gone, so I’m going to have a party.’

Starting with the leasing business, as a merchant banker, Lee Hwan, who had the best capabilities at the time, did not care much about whether there was Sendras Bank or not.

This is because almost all the privileges were already directed towards Lee Hwan.

Besides, Lee Hwan didn’t even have to compete, so he drew a numbered ticket and waited for someone to take care of the line, so he could see that he lived in a different world.

Of course, that was not the nature of Lee Hwan to despise or ignore anyone.

“It must be difficult.”

“… … Of course it’s hard. Because of the war, our family has been left quite on the streets. The value of money has fallen, but companies can’t sell their goods, so the money line is clogged, so bonds are not resolved. I wondered if it would be better if this war broke out, but only Austria is doing good things… … .”

Taken from readwn.com

Most of the military supplies were produced in Austria, because it was more advantageous to secure a victory by making supplies on the battlefield and distributing them quickly.

By taking advantage of such geographical advantages, Austria was able to play a part, but Britain did not.

‘If the money is not circulating, everyone is going to die. Will you be visiting again from England soon?’

An event that proves that a financial crisis has arrived, Lee Hwan accepted the proposal of Sendras Bank.

***

Early in the morning, several reports were posted to Lee Hwan.

It was a letter from America while Lee Hwan was designing a bank to establish a central bank.

The first letter I saw was about the military academy.

Although it was still a temporary barracks, there was attached a picture depicting the cadets with strict standards. From now on, as a four-year school, military training of officers will be conducted.

However, the system of the military academy was a bit unique.

To enter the military academy in East Stella, he had to enlist as a mercenary and serve for over three years, and he had to complete the sergeant’s academy before becoming an officer.

It is said that even if you enlist in your late teens, you have to be in your early 30s at least to become an officer, as the course alone at the NCO is only two years.

The slogan of the East Stellar Military Academy was that there are things that cannot be done by studying alone.

The person who brought the report was a member of the military academy and a member of the mercenary corps.

“It is said that the first graduates of the military academy will be produced in two years. They are all veterans over forty years old, so I am really looking forward to their performances.”

“I’m looking forward to it too.”

“The cadets are looking forward to seeing the commander at the inauguration ceremony.”

“Of course I will go to the inauguration.”

“all right. Then I will tell the school that.”

An official from the military academy gave a salute to Lee Hwan.

chuck!

Then, Lee Hwan responded to him, and the conversation ended.

After the officer left with a modest movement, a university official from the Baron of Easterfield came to follow him.

He searched for and scouted scholars in Europe and the United States, and now he was planning to form a lecture hall in earnest.

“I heard that the baron gave you a list to invite lecturers and professors to work at the university. More than 90% of them were recruited from that list. However, some of them could not be traced, so we gave up.”

“I thought I was successful with only half of the cast, but more than 90%. Well done.”

“Thank you, Baron. But there is one hurdle in setting up a university.”

“What’s the catch?”

“After studying at the university where we learn the essence of East Stellar, what will happen if we go outside and call another country’s ship?”

“Are you worried about talent leakage?”

“Yes, it is.”

Come to think of it, graduating from university in East Stellar did not mean that you should continue to stay here.

They were two-legged, and they had the power to think for themselves and decide their course.

If I missed them, the meaning of establishing a university would be lost.

Lee Hwan decided to put a condition here.

“Let’s make the entrance condition of the university as joining East Stellar.”

“Are you in?”

“After joining East Stellar, I work for more than a year, and after that, I get a grant so I can go to college.”

“Aha! The idea is to make them an employee and teach them!”

“Yes, it is. When you leave college and start a business or get a job, let’s make a contract so that it’s only possible with East Stellar Company. However, let’s say we provide support for start-up support and employment incentives.”

It may seem that we are monopolizing talent, but in this day and age, with just one technology, we could establish a company and change the paradigm of the market.

In this day and age, the outflow of talent was unacceptable.

University officials were quite satisfied with Lee Hwan’s rather strong policy.

“Then, I will convey your intentions to the university and organize the curriculum.”

“Yes, please. Oh, and I was thinking of making a researcher at the university. Do you know?”

“Yes, it is. There are quite a few foreign engineers who have already registered with the institute.”

“Then tell them to develop some of these.”

Lee Hwan was a person who believed that technology should continue to develop.

There were cars and trains in East Stella, but there were no airplanes in the sky.

He thought about making an aircraft, and he had finished designing the basics.

“Let’s make a flying vehicle that can fly while making a hot-air balloon that can navigate.”

“aircraft… … !”

The idea that could reverse the paradigm eventually made Lee Hwan enter the aviation industry.

***

In September 1927, the Eaststellar Company launched the European Development Bank.

Eaststellar Finance, which changed its name to Easterfield Financial Holdings, decided to form the European Development Bank and issue a unified currency there.

Under the premise that the common currency accepts the existing currency, the value is adjusted through the currency basket, and the currency is printed according to the amount of gold held by East Stellar.

For example, the idea was to create a currency such as the Special Drawing Rights (SDR) of the future.

Lee Hwan’s strategy was to sell money under certain conditions, rather than simply sprinkling money based on gold.

It was to sell only gold and silver coins without accepting foreign currencies or bonds.

In a word, it meant that he would not be docile to British speculation.

That afternoon, Lee Hwan visited ES Chemical, a military company of East Stellar Company and a processing company for cotton yarn and cotton fabric.

ES Chemical has a wide business area from raw materials for everyday wear to finished clothes, and is also a company that conducts the most vigorous development activities along with the chemical research institute.

Recently, ES Chemical has been concentrating on the development of synthetic fibers together with the Chemical Research Institute.

Research on creating tough and soft fibers by mixing dicarboxylic acid and diamine was in full swing, and all designs came from Lee Hwan.

It is intended to recreate nylon, which was launched in the 1930s and swept the global textile market.

Researchers expected that if nylon was developed, the technology could be applied not only to the textile industry, but also to the military industry, tires, and construction.

Hwan Lee summoned Marcus Gaussian, the head of the research institute.

“Are you busy?”

“I am busy these days with new product development.”

“Even if you are busy, do one more thing.”

“Is it work?”

“Please make some bills.”

“It’s banknote paper.”

“Let’s scrape some of the debris that fell on the factory floor and turn it into bills.”

“What about the dregs… … .”

Textile mill waste, noil, was usually piled up on the factory floor and then washed away with a broom to be disposed of as garbage.

However, Lee Hwan was planning to use this to make banknote paper.

“You can make paper-textured money by soaking Noil well in water, bleaching it, dehydrating it, and then pressing it.”

“Are you going to make your banknotes out of cotton instead of paper?”

“That makes it durable.”

“Aha… … !”

“Right now, it’s probably deeds, checks, all Hampshire paper. Because I think that using good paper will keep the certificate for a long time. But bills don’t last that long. It would be better to make it out of cotton.”

Banknotes of today are quite different in appearance from those of the future.

The size is almost the same as A4 paper, and after printing, all papers were cut and distributed by hand, so it was clunky and easy to forge.

At that time, banknotes were thought of as certificates that could be converted into gold and silver coins rather than being used in everyday life, so banks immediately discarded them when they recovered them.

For that reason, the lifespan of money at that time was one month, and no matter how long it was, it was difficult to exceed two months.

Hana Lee Hwan wanted to make notes that were a little more meaningful and premium.

“Perhaps it won’t be easy to forge right away with just one material. If we add some anti-counterfeiting technology to the launch, I think the bill itself will have a premium.”

“It’s anti-counterfeiting technology. Would you like to draw even a complicated picture?”

“Of course, we will give them serial numbers and apply various anti-counterfeiting formulas. From now on, we will unconditionally print money only by machine and cut it only by machine. Some people can’t even dream of counterfeiting at all.”

Since the pound began to serve as Europe’s reserve currency, the banknotes of modern society have tried countless changes.

First, we had to solve the problem of storage and maintenance, and above all, we worked hard to prevent the mass production of counterfeit bills.

The result is the modern, complex and secure banknote.

Taken from readwn.com

Meanwhile, banks have suffered from criminals and have gone through a lot of trial and error.

However, since such trials and errors were recorded in Lee Hwan’s knowledge as incorrect notes, minting was possible as efficiently as possible.

Taken from readwn.com

Marcus Gaussian looked a little excited.

“… … Can you make money with this?”

“Do you make money with money?”