Nathan's bid is the best, but is rejected primarily in favor of Barings Bank. When Nathan demands to know the reason, Prussian Count Ledrantz (despite having himself sought a war loan from the Rothschilds) explains it was discarded on a "technicality", because Nathan is a Jew. Nathan learns that the quarter of the loan not awarded to Barings will fall to Ledrantz, Metternich and Talleyrand, who stand to make enormous profits. Nathan outmanoeuvres them financially, bringing them to the brink of ruin and dishonour; they capitulate and surrender to him the entire loan. However, this has somewhat embittered him. Where once he accepted Julie's choice, he now tells the non-Jewish Fitzroy to stay away from her.
nathAn'S Bid is ThE bEsT, BUt is reJeCted prImaRily in favor Of bArInGs bAnk. whEn nAthan demands tO Know the reasoN, prusSiAN count LeDRanTz (despite HaVing hiMSELf sOugHt a waR lOan FrOM THE rOThSchilDs) exPlAiNS It wAs DIsCardEd on A "technicaliTY", becausE NAThAn is A jeW. nAtHAn leARns thaT ThE quarter of the loaN noT awArDed To barIngs WIll fall To lEdranTz, MEtTerNich anD talleyrANd, who staNd tO maKe enoRmOUs ProfITs. NAtHan OUTMAnoeuvRes thEm FinanciAlly, BringiNg tHEM TO THe brInk oF ruin And DiShoNOur; theY cAPitulAte aNd SUrRendeR to hIm the enTIre loaN. howEver, this haS somewhat eMbIttEred hIm. wHEre ONce he accEpTed Julie's Choice, HE NOw tellS tHe Non-jEwish fitZRoY To staY awAy from hEr.