Chapter 195: The Mexican Debt Problem
When Morgan entered the steel industry, the first company he encountered was the Carnegie Brothers Steel Company. After all, although it was subject to competition from the Chicago steel industry, the Carnegie family had a large business and did not believe that the Chicago steel industry would pose a fatal threat to itself.
But the U.S. Steel Company, which was founded under the leadership of Morgan, has this capability.
Compared to Carnegie Steel, which faced a formidable enemy, Standard Oil soon learned about it. Morgan, a giant in the financial industry, began to move into the real industry. Rockefeller quickly told his son in Texas about the news. At the same time,
I began to consider the impact of this incident. In name, the old Rockefeller has retired and will no longer interfere with Standard Oil unless something big happens.
Now the old Rockefeller is thinking about whether the impact of this incident is big. For many corporate giants in the United States, the outcome of the Spanish-American War is destined. Since they will definitely win, it is not worth paying too much attention to.
On the contrary, how will the impact of the victory of the Spanish-American War benefit these companies that supported the war?
For them, just like Sheffield said, the main battlefield is at home, and there is no need to use battleships and cannons to decide the outcome. Soon Rockefeller Jr., who was still in Texas, telegraphed the news
When the news reached New Orleans, he was actually a step too late. Sheffield already knew about it.
Taking advantage of the war cover to intervene in the steel industry, if he hadn't known that Morgan was a financial banker, he would have thought he was a big figure in the government. Shouldn't it be a politician to use the war to divert conflicts and make profits?
Before waiting for the news that Cuba had defeated the Spanish fleet, the news came first. I have to say that Sheffield was very sad. Morgan's vision was so sharp. This vision was tempered by the turbulent financial industry.
Ordinary people simply can't compare.
After Morgan entered the financial industry, with his skilled capital operations and keen vision, he defeated major domestic and foreign opponents along the way, including Boston, which has the oldest history in the United States, and Rothschild on the European continent, and finally sat on the throne.
Stabilizing his position as the first banker in the United States.
But now this banker's actions show that he is no longer satisfied with just making waves in the financial industry, and is preparing to enter the real industry, turning from virtual to real, and wants to be in the same supreme position in the real industry.
And Sheffield knows history. Morgan finally succeeded and really achieved a dominant position in many industries. He became the king in the two fields of financial capital and industrial capital.
For people with this status, some companies in later generations have this sign, but they are not as successful as Morgan. Many Internet companies have not been successful in entering the industry. Penguin does not seem to have reached out to the real industry, but continues to expand on the virtual network.
Well, if we want to say that there is a company in the Republic that meets this condition, Jack Ma's company is one of them, but Sheffield doesn't know whether he succeeded in the end, that is still in progress.
In the United States, Apple is not in line with Morgan's line, but Google seems to be taking action in this regard. Google should be the most powerful Internet company in the United States, and its R&D investment has always been high. Huawei is among the top 50
It is the only enterprise of the Republic of China.
If R&D investment is a very useful indicator, the Republic's enterprises are still far, far away, not even a little bit behind the economic scale of the Republic and the United States.
The later history in his mind is just a reference. Anyway, now Sheffield knows that there is a player with unfathomable strength who is not just preparing to be the king in the financial industry, but is preparing to enter the field and compete with major companies in the real industry. He has not yet
There was no way he could estimate how much money it would take to defeat Morgan.
"John's telegram asked me what I think? I sat and read it!" Under the gaze of Jesra, the head of the bodyguard, Sheffield curled his lips and muttered, "What do I think? I also want to know what Standard Oil thinks.
? How can United Company be as rich as Standard Oil? In the entire United States, only Standard Oil has the financial resources to stop Morgan. What do you think?"
But after all, Sheffield can also make sarcastic remarks without hurting his back. In the past ten years, Standard Oil has spent at least half of its energy on fighting antitrust laws. As the first trust company in the United States, it is also now a single industry.
The most powerful and influential companies are constantly being troubled by the federal government, so they have no time to meddle in other people's affairs.
The antitrust law was promulgated a few years later, and the DuPont Conglomerate may not even exist now. It may have been bankrupted by Standard Oil long ago. It is understandable, but I have no choice. The United Company is an asset-heavy company. Could it be that little Rockefeller expected
Sold the land under his name to fight Morgan?
"What does it have to do with me? I still care about the outcome of the war!" Sheffield muttered. The Spanish fleet has not appeared for a long time. He really didn't dare to let the armed forces in Port-au-Prince just cross the sea without seeing Theodore Roosevelt waiting.
Are you wearing it?
The news conveyed by Rockefeller Jr. was worthless here in Sheffield. What did Morgan's entry into the steel industry have to do with him? Standard Oil couldn't get rid of it, and he couldn't get rid of it either.
In Oak Manor, I almost dreamed of the Spanish fleet in Sheffield. When I saw little Rockefeller appearing in Oak Manor, I really thought I was dreaming. What are you doing here? You are not sleeping with an oil barrel in Texas.
What?
"Have you been staring at Cuba across the sea recently?" Little Rockefeller was not disgusted by Sheffield's stinky face. He said unconsciously, "As a big shareholder, you are not prepared to care about the oil fields.
Yield."
"That piece of land is mine, and you can't move it away. The profit from the output is clearly specified in the contract, and you don't dare to take my share alive. The standard oil of the petroleum industry is much higher than that of my refinery in Houston.
With such a clear division of labor, what else is there to care about? Of course I care about industries that can create profits." Sheffield explained the reasons for staying in New Orleans word for word. He was so invested in the war, so naturally he asked for something in return.
.
"That's the truth!" Little Rockefeller nodded in approval. He was obviously very confident in his family business. He showed the bright future to Sheffield and showed off his muscles by the way. "Other oil refining companies produce oil products.
It will not meet the requirements very well. In this way, they will not be able to compete with our alliance at all. And we have established a complete set of patent barriers and technology monopolies on this front. Even if they are Vanderbilt plus
Morgan, if you want to bypass our technical barriers and compete with our alliance in this industry, you are seeking your own death. We are partners, and if we stand together, we will be invincible!"
Just as Sheffield was about to nod, express that what you said is right, but this does not delay that I am still most concerned about the issue of Cuba. You must know that your southern partners are more interested in Cuba than the oil industry, which cannot get a share of the pie.
, as a member of the Dixie people, he has been helping these partners who were on the same front through life and death in the past few years to find profitable industries. Cuba is a place that cannot be ignored, so...
"But that's not the issue I'm here to talk about!" Just when Sheffield was about to speak, he had already prepared a long speech no less than that of Rockefeller Jr., but Rockefeller Jr. made a sharp turn and threw back all the words Sheffield had prepared.
"Then what are you doing here?" Sheffield held his breath and guessed the purpose of Little Rockefeller's coming here. Is it a sightseeing? It doesn't seem like it, sitting here and watching the outcome of the war? It doesn't seem to be directly related to Standard Oil, and it belongs to Standard Oil.
He has already reserved that portion.
As a partner, Sheffield believes that it has done a good job and has good business ethics. Especially when it cooperates with giants, it is simply a business model. Although it is never polite when crushing small businesses, it is also human to bully the weak and fear the strong.
The common problem is that I am no more shameless than other giants.
Seeing Sheffield's confused look, Rockefeller Jr. sighed heavily and said, "I now have a preliminary judgment. Sheffield United Company's accumulation in the financial industry is almost zero. No wonder you chose a company."
None of the bankers on the table went to the Great West to run their own bank."
Isn't this something everyone knows? United Company has never been in the banking industry, but being exposed by Rockefeller Jr. so unceremoniously made Sheffield feel a little embarrassed. He said with a hint of embarrassment, "What should I do?"
It’s a starting stage, and if you give me time, I won’t be able to get it done.”
Little Rockefeller stretched out his hand and patted the suit he was wearing, pretending to be a gesture. Seeing that Sheffield was about to have an attack, he said slowly, "I'm afraid that before you can develop and grow under the influence of time, you will be killed by Morgan."
Cut off the back road."
"It's Morgan's business again. I don't have the energy to care about the steel industry. Besides, the Carnegie Company exists in the steel industry. Morgan must at least accumulate enough shares before he can negotiate with the Carnegie Steel Company." Sheffield heard that it was true.
Because of Morgan's matter, he sat down directly on the recliner and said, "It's totally in time."
"Do you think I would say that you are not deeply involved in the industry that is important to you?" Rockefeller also sat down and said, "The escape route I am talking about is Mexico. You should know Mexico very well. It is just below the United Company. Mexico
The debt problem has been plaguing the Mexican government for a long time, and I have a secret message that Morgan seems to be very interested in Mexico's debt problem."
Chapter completed!