Although Paul Warburg had long anticipated that Donnie and the others would not accept his offer, he still felt some dissatisfaction upon hearing Andrew Mellon say this.
"What kind of price are you all proposing?"
Andrew Mellon said: "For the Warburg Family's shares in the Warburg Company, we are willing to acquire them at a price of 2.5 US Dollars per share. As for the selling price of the Florida land, we cannot let other shareholders of the Warburg Company suffer losses, so this price must be the current land price in Florida!"
Paul Warburg thought that Donnie and the others would make an outrageous demand, but he didn't expect them to be so brazen.
"That's impossible!"
Paul Warburg directly opposed Andrew Mellon's suggestion and loudly said: "Mellon, if this is your offer, there is no need for us to continue negotiations!"