Still pretending to be an English investment dude, Edmond visits Morrel.
Morrel is bad. His business is about to collapse: his one remaining ship should be coming in any day now, and if it doesn't, Morrel is up a creek without a paddle. Without this shipment, he won't be able to pay his investors, and he will find himself in heavy duty debt.
Morrel only has two guys working for him at this point, one of whom is named Emmanuel Herbault. Emmanuel is in love with Julie, Morrel's daughter.
Remember that Edmond-disguised-as-English-investor just bought out the largest of Morrel's investors, and so, now, Edmond is the investor. Edmond-disguised-as-English-investor gives Morrel a three-month extension to find his ship, get his goods in order, and pay him back.
On his way out the door, Edmond pulls Julie aside and tells her cryptically to follow any orders she receives in the mail from a man named "Sinbad the Sailor." Dum-dee-dum-dum-DUM.