129 Episode 30. People Who Don’t Know Fractions (1)
From that day on, Rockefeller, who was granted a monopoly on stock trading by Governor Black Label, began to build a stock exchange bearing his family’s name.
Los Medici Stock Exchange.
When it was said that there was a place where securities could be easily traded, people watched it with curiosity.
And until this stock exchange was built.
Rockefeller began to greatly encourage the loan business to expand the guild’s business, and provided loans to many people at a much lower interest rate than the conventional loan interest if the credit was secure.
Then one day.
Bob, the owner of the shoe store, who had been drowning in his investment in trade ships, opened his eyes wide when his friend Bell, the owner of a clothing store, showed up with a new carriage.
‘What is that?’
A nobleman or a splendid four-legged carriage that could only be ridden at a clothing store was the one he rode.
“No, what is that wagon? Who are you?”
Bell shrugged his shoulders as gracefully as possible from the splendid carriage.
It was quite difficult for commoners who touched money to buy such a wagon.
It looked quite expensive just by looking at the colorful patterns of the carriages imbued with craftsmanship and the luxurious interior.
‘It was the reaction I was expecting. i knew that This is why I love this taste.’
“greatness! I was very excited this time and bought one.”
Shoe shop Bob, who was already struggling with lack of money, began to exclaim as he looked inside the carriage where Bell was riding.
“her… … Take a look inside this. Is this too good?”
Admiration for a moment.
Naturally, a question came to him.
“No, honey, is this yours?”
“Then it’s mine. Who else did you think it was if it wasn’t mine?”
Bob couldn’t understand.
“No, what kind of money did you have to buy this?”
“money?”
In fact, Bell, the owner of the clothing store, couldn’t afford to buy such a wagon so easily.
It’ll be possible if we even gather souls, but what about the next thing?
“Well, I borrowed some loans.”
“loan? Did you say loan now?”
“Uh, they said that Banco will lend you a wagon this time.”
“okay?”
Bell, the owner of the clothing store, told us about the loan program at Banco this time.
“Ah, well, if you buy a carriage, they lend you money at a low interest. Of course, it seems like they only lend that much to people with good credit, but since Lu, who runs a general store next door, changed the wagon, I got excited and changed it.”
“No, was there such a thing? I had no idea there was such a loan.”
“You don’t have enough money to invest in trading ships. Of course, he wouldn’t be interested in this either. I worry about the trade ships that have left here every day.
“What is that… … .”
To them, the carriage was a measure of wealth.
Since the carriage was originally a consumable concept, the longer it was ridden, the more its value was not preserved. Usually, the value would drop by more than half after a few years.
Therefore, most people tended to choose and ride a wagon suited to their fraction, and because of that appearance, those who ride expensive wagons were perceived as wealthy, and it became a measure of wealth to some extent.
“Isn’t the interior gorgeous? I must have heard of this.”
“I have a tendency to buy too much.”
“Since there are four horses, the maintenance cost is no joke, right?”
“Of course it’s no joke. Ordinary people probably wouldn’t even dare.”
“haha… … You don’t really like gambling, but you’re really good at this luxury.”
Bell then smiled and told me about what had happened last night.
“Did you have a masquerade last night? It definitely changed the way I looked around me when I rode this quadruped there.”
“No, did you go to the masquerade? What talents do you have?”
“When did the times change? Is there a way for only nobles to go to the masquerade? Even a commoner like me won’t refuse if they have money. After all, money is the best.”
“It is not.”
“So I decided to play there with a lot of heart this time around. Later, after the masquerade, the girls are eager to ride each other in my carriage. The carriage pulled by two horses is stuffy, so I can’t ride it or something. You should’ve seen them scramble to ride each other. How funny it is to watch from behind.”
“Oh, of course it is! It’d be much better than a wretched, slow-moving wagon. So did you have some fun yesterday?”
“It’s fun, of course I saw it. Hmmm! So I’m going to go play there today.”
“Today, too?”
“Of course. what’s your life Even though I hate gambling, I still like playing. Rather than throwing away all my fortune while investing in trading ships. It would be better to write while enjoying life like this.”
“haha… … ”
After thinking for a moment, Bob asked Bell.
“By the way, that wagon loan. Do I do it too?”
“you? Haven’t you already taken out a large loan?”
“I got a loan, but… … .”
“I don’t know either. Go to Banco and ask. They also said that a wagon loan is different from a regular loan.”
“okay? Then can’t I?”
“You’ll have to ask for it.”
So the two went straight to Banco, run by Rockefeller.
“I borrowed money from here last time. Is it possible for someone like me to get a wagon loan?”
Rockefeller recognized Bob at a glance.
It was because he was doing business nearby, and when he was bored, he would come to his store with his friends and wander around Busan.
“Have you never borrowed money from our store before? What securities are you talking about? … .”
“Yes, I did.”
“It’s a loan. Wait. We don’t lend them all.”
Moments later, Rockefeller rummaged through his books and then shook his head.
“I don’t think it will. Your limit is full and you have no more money to lend. This is very unfortunate.”
“haha… … can’t it?”
Then the bell next to him smiled.
“So what did I say? Then I said don’t do it. If I hadn’t borrowed it then, I wouldn’t have been borrowing a wagon here now.”
“No, but if you come back, it will be great. at least 4 times Four times.”
“It’s what happened when he came back four times.”
“Still, the atmosphere here isn’t bad these days because the Union representative has also died. And you said that a lot of warships were built this time? Rumor has it that the pirates who occasionally stabbed here are moving elsewhere. This is really good news for those who are all-in on trading ships.”
“But coming back is another matter. What else will the storm do? You can’t just think of pirates. There is also the problem of going to the local area and clashing with the indigenous people.”
“It should be… … .”
Rockefeller, who was listening, interrupted.
“Then you can sell the securities you bought to us.”
“Securities?”
“yes.”
Than expectations for a trade ship that might return when.
Bob’s heart began to falter when he saw Belle enjoying the moment of happiness.
‘What do we do? Like Bell said, unfortunately, you may never come back. Then all I have is a piece of tissue paper.’
“then… … How much are you buying?”
Rockefeller answered the question with a smile.
“Of course, I don’t buy it at a fair price. If it’s a quarter of the face value it issued, I think it’s worth considering.”
“a! It’s not hard Who’s going to judge that crazy price? If I go crazy, I will sell it for that price.”
Rockefeller nodded as if understanding, and said something else.
“Yes, that’s right. Reselling it for a quarter of the price wouldn’t be a good idea. However, from time to time you hear bad news, some stocks drop in value to a tenth of their face value. There are some people who would rather save a few pennies from holding securities that will become tissue paper.”
Bell, the owner of the clothing store, heard those words.
“Look. Because it’s all gambling. Great when you come back. If you don’t come back, you’ll be spoiled.”
“I knew it too. hey, that’s good I’m too bored these days, so I tried to pull out a wagon.”
Bell smiled mischievously.
“If the trade ship you invested in returns well, then think about it. Then what’s good?”
“Yes, I will definitely be back. Whether it’s a storm, or the pirates swear by it. I will definitely come back someday.”
As they were about to leave the store, they ran into an acquaintance near the entrance door.
It used to be a shoe shiner Sam, who was said to have made a fortune in investing in trading ships.
“fountain?”
Shoeshiner Sam was a young man dressed in a distinctly different way from theirs.
Would you say you are like a young aristocrat?
Sam greeted Bob, who was facing him.
“Uncle Bob. It’s been a long time since I’ve seen you.”
“What did you come here for?”
“Ah, I’m here to find out about loans.”
“loan?”
“yes.”
“What kind of wagon loan are you going to do?”
As Bob remembers, Sam, who made a fortune with his trading ship investment, rode a more luxurious wagon than Belle.
Despite its size, it was a hex wagon pulled by as many as six horses.
At that question, Sam smiled at first.
“Haha, I have no interest in carriages.”
Another level.
For Sam, the carriage has long been one of those luxuries that don’t mean much.
“No, you didn’t come because of the carriage? So what did you come here to get a loan for?”
“Oh, I’m looking for a house right now. It seems like there is a good property for sale just in time, so I came to see if a loan is possible.”
“Oh yeah?”
Bell and Bob exchanged glances as they were looking for a house.
‘Isn’t it a small house?’
‘It must be a big house. He rides on a hex wagon, but like a nobleman, he’ll buy a large and splendid mansion. It also comes with a huge garden.’
They both threw envy glances at Sam without realizing it.
Sam, who now accepts that gaze without inspiration, asked the two of them for their understanding.
“Then I have something to do.”
So, leaving the two men staring at him, Sam faced the store owner, Rockefeller.
Rockefeller recognized him as soon as he had arrived.
It was because he was a young man who recently built up the most wealth here on Black Label.
“Did you say Sam? See you again.”
“Rockefeller Ball, long time no see.”
“What did you come here for this time?”
“Haha, I came here to talk about a house loan this time.”
“Ah, you are looking for a house this time.”
“Yes, it is not a small house, it is a very large house. In fact, it would be correct to call it a mansion.”
Rockefeller smiled kindly.
“I expected that too. Would someone who rides a hex wagon take a loan to get a small house? That would not be.”
“Yeah, so if I get a loan this time, I’m going to change the house I live in.”
“Wait a minute. I have a few things to check.”
Rockefeller opened the store’s books and looked at a few, then shook his head.
“I’m sorry, but if you don’t have a steady source of income, a big loan is probably unreasonable. I’m sorry.”
Sam also had a sad expression on his face.
“Is that so?”
“When we lend to our customers, we anticipate the future income of our customers to some extent, so we take that into account. Loans are unreasonable without solid security for the future.”
For Sam, the field he is interested in right now is not investing in trade ships, but investing in real estate.
Sam, who was confident that he could make more profit than investing in a trading ship if he bought it well, began to move forward.
“Rockefeller Ball, how can you not? I really need this loan.”
As Sam ejaculated, Rockefeller, who was examining it, spoke again.
‘If you are good at real estate, you can make a lot of money. If it’s like a mansion rather than a mediocre house, it’s worth pushing.’
“Then there are two ways. I heard that you invest a lot in securities. If you entrust us with your securities as collateral, you may be able to get some loans with some consideration.”
When Sam was unwilling, Rockefeller offered another alternative.
“Or, if we take the house we want to buy as collateral as a mortgage, it is possible to borrow for the rest of the amount. However, only a limited amount of the loan can be borrowed, and the title must be retained by us until the loan is fully repaid.”
Yup, finally we hit the bottom…