In certain shops specializing in alcohol, high-end spirits were often limited to just a few bottles. If a customer needed more, the owner would either contact a supplier or source it from other merchants.
High-end alcohol was expensive and tied up significant funds, making it a less attractive choice for profit-driven merchants.
The situation in Jingang City was no different. While there was a market for mid-to-high-end alcohol, sales were slower compared to low-end spirits. For merchants, quickly turning over their capital was their ultimate goal. Even a mere 5% profit margin could double their principal if the turnover was fast enough.
However, if capital turnover slowedâif the cycle from principal to product to sales revenue dragged onâeven a 100% profit margin wouldnât compare to the wealth generated by a 5% margin on rapid cycles.
This created a unique phenomenon: before the Prohibition went into effect, the merchants who were aware and started stockpiling alcohol overwhelmingly focused on low-end products. Hardly anyone stockpiled high-end alcohol.
Even if some did, they might have only hoarded a few hundred or a thousand bottles. Stockpiling more simply wasnât cost-effective.
The reality proved them right. Mid-to-high-end alcohol priced at $5â$6 per bottle had doubled to $11. However, the cheapest spirits, which were originally $0.59, had risen to $2âa nearly threefold increase.
In recent days, with low-end alcohol still plentiful, its price growth had started to slow. Conversely, high-end alcohol, with its limited stock and steady sales, had seen its price accelerate.
Mr. Pastoreto wanted to use this batch of alcohol to establish a foothold in the high-end market. The whiskey Lance had sold to him offered the perfect opportunity.
Once acquired, the family wouldnât sell it immediately.
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While Lance basked in the euphoria of his newfound fortune, someone else shared his joyâperhaps even more exuberantly.
Arthur.
For the first time, Arthur had made a substantial profit without resorting to underhanded tactics. He couldnât resist sharing his excitement with his familyâthrough unabashed boasting.
âI made it big!â
At the dining table, Arthur gleefully declared his success to his parents. Congressman Williams, however, frowned at Arthurâs lack of composure, disliking how openly he wore his emotions. It made him look like a child, completely devoid of self-restraint.
This was precisely why Williams would never consider Arthur as his successor. A person like him would be eaten alive in the political arena, tossed into an oil drum, and dumped into Angel Lake before he even realized it.
Williams tapped his knife and fork together, staring at Arthur. âItâs dinnertime. Learn to keep quiet.â
Across from him, his young and beautiful wife interrupted with a laugh. âArthur rarely does anything right. Let him have his moment. Besides, itâs just family at the tableâno one else.â
The Congressman had a soft spot for his much younger wife. Sometimes she felt like a partner, and other times, like a daughter he couldnât help but indulge. âFine,â he relented. âHere, you make the rules.â
The woman turned to Arthur, smiling. âTell meâitâs not just you who made it big. We made it big, right?â
Arthur froze momentarily, then remembered. His mother had contributed significantly to his second investment. Suddenly wary, he replied, âWe agreed Iâd give you $30,000.â
The woman delicately handled her knife and fork. âDid we?â
Arthur looked incredulous, glancing at his father for support. But Congressman Williams made it clear he had no intention of stepping in. âThatâs between the two of you. I know nothing and wonât interfere.â
The woman blew her husband a kiss across the table, then looked back at Arthur. âWe agreed on half. Did you forget?â
Arthur said nothing, and she adopted a hurt tone. âI raised you all these years, and now, for a little money, you wonât even talk to me?â n/ô/vel/b//in dot c//om
âBesides, am I asking for much?â
âIf it werenât for my money, you wouldnât have made a single penny from this, let alone such a big profit!â
Arthur felt his blood pressure rising. The truth was, the return on this portion of the investment wasnât as high as he had anticipated.
Following Mr. Jobavâs advice, he had stockpiled a large quantity of cheap, low-end spirits. Using some connections through Congressman Williams, he had secured them for $1.35 per bottle.
So far, each bottle had yielded just $0.85 in profit, netting him less than $160,000.
Initially, he would have only needed to give his mother $50,000. Now, she wanted $80,000.
When he thought it through, though, he realized the difference wasnât as bad as heâd feared. Relenting, he nodded quickly.
His mother, pleased by his compliance, asked casually, âHow much did you make in total?â
Arthurâs guard went up immediately. âWhat do you want?â he demanded, raising his voice for emphasis. âThatâs my money!â
The woman turned to Congressman Williams, who dabbed his mouth with a napkin. âAnswer your motherâs question.â
Under the weight of his fatherâs gaze, Arthur mumbled, âAbout $500,000.â
The Congressman was momentarily stunned. âThat much?â
He had expected maybe $200,000 or $300,000 at most, but hearing that his youngest son had made half a million took him by surprise.
Then came the critical question. âWhere did you get the capital?â
Arthur explained. âMom gave me $250,000. I took a $250,000 loan from Mr. Jobav. Then I pawned some of my watches and cars to the bank for about $100,000.â
âBefore that, I had already liquidated all my savingsâ$200,000. I used it to stockpile a batch of high-end spirits.â
âAll in all, my capital was over $800,000. So, making $500,000 doesnât seem like much to me.â
Congressman Williamsâ expression turned stern. âI hope you didnât misuse my name.â
He paused before continuing. âI didnât expect you to go this big. Get rid of everything you have left, as soon as possible.â
Arthur was baffled. âBut theyâre saying the prices will rise even more in December! If I sell now, Iâll lose out!â
âIâm not negotiating, Arthur. This is an order. Do as I say!â The Congressmanâs tone left no room for argument.
Across the table, the woman coughed lightly. âDarling, why not explain to your foolish son why youâre making him do this?â
Williams hesitated. âI didnât think he needed to know. As long as he does what I say, the reasoning shouldnât matter.â
âBut since you brought it upâ¦â
He began explaining. âYouâre sitting on too much alcohol. Weâve just joined the Prohibition Alliance. To demonstrate our commitment to those above us, we need to show some results.â
Arthurâs mother chimed in, âLike catching a few alcohol smugglers.â
Williams nodded. âExactly, dear. Catching a few smugglers.â
âIf this were just a small operation, I wouldnât care how you handled it. But with over a million dollarsâ worth of alcohol in your hands, those who already dislike me could report you to the state government. I wouldnât be able to protect you.â
âSo, for your safety and the familyâs, you need to liquidate it all within a week.â
âYouâve already made $500,000 to $600,000. Donât let greed ruin you.â
Arthur wanted to argueâwaiting until December could net him $700,000 or even $800,000. But the look in Williamsâ eyes made him reconsider. He lowered his head. âI understand.â
Williams thought for a moment. âLet James help you offload the alcohol. Iâll ensure every penny goes to you.â
James, Williamsâ eldest son and Arthurâs half-brother, was a rising political star in Jingang City.
While the alcohol was a liability, it could also help James build connections with influential people.
Arthur started to protest, but he stopped himself. In this family, everything belonged to James, while he was just the dispensable âfoolish son.â
After lunch, Congressman Williams called James. âYour brother has over a million dollarsâ worth of alcohol. Help him offload it as soon as possible. You know what I mean.â
James glanced at Arthur, surprised. In his mind, this fool was only good at causing trouble and making life harder for their father.
âWhatâs with that look?â Arthur snapped. âCanât I make money?â
James chuckled. âOf course you can. Itâs just⦠hard to believe.â His expression seemed to say, The family fool finally grew up.
Williams ignored their banter and reiterated, âBe quick. The governor is desperate for attention and will seize any opportunity to make an example. Letâs not become his target.â
James sobered up. âUnderstood. Iâll start contacting buyers this afternoon.â
âBy the way, what kind of alcohol is it?â
âAny high-end stuff?â